The Layer 1 renaissance. 3 charts that will build your million $ portfolio

PREMIUM NEWSLETTER FOR PAYING SUBSCRIBERS (Released every Thursday each week).

Today’s TLDR:

- New Monetary Expansion Data Suggests Bitcoin’s run is Just beginning

- Layer 1’s are where you want to look first. I’ll tell you which ones and why.

- 3 Charts to build your Million Dollar Portfolio and How to Time your entries

Welcome to this week’s edition of the CCI Newsletter…

I’m going to re-hash what I said in last month’s Newsletter super quick…

If you’re still here, you are a survivor of another Major Bitcoin correction that inevitably sows the seeds for ever higher prices. Yes, Crypto too.

If you’re new here, know that Multimillion Dollar portfolios are planned and built in the reddest of markets and the worst sentiment possible.

You’ve come at an opportune time to lean in after most investors have panicked and left.

Enter April. Crashing Stocks. Peak Fear. Mass Uncertainty.

I’ve been progressively optimistic for Bitcoin as we head into Q2 for a multitude of reasons that you can read about in our April week edition here…

Now, just 2 weeks later, has anything changed?

No, in fact a major stock market correction while Bitcoin remains flat, and while Gold screeches higher, is exactly what I wanted to see.

I want to Keep it Simple Stupid for readers.

Much of our “up and to the right” thesis on Bitcoin is based on the premise that as long as Central Banks continue to expand the Monetary Supply of fiat currencies, Bitcoin will rise in nominal value.

To summarise: not only have they not stopped, but it’s getting worse. Global liquidity measured in M2 is surging to record highs.

This is important because this data set (M2) has been a terrific directional indicator of Bitcoin’s price with a10-week lag, give or take.

This chart shows that Bitcoin is primed for a strong move to mirror the M2 expansion globally and we are nearing the end of the current correction. It won’t happen all at once but it gives us directional bias by which we can forecast ahead.

If M2 were to stop rising today then we would see a minimum Bitcoin price of 140,000 in the next few months.

There is no guarantee here, but Bitcoin has a high strike rate of using these expansions as rocket fuel.

The thesis for Crypto would be, the higher Bitcoin goes, the more liquidity will regain confidence in the crypto market and move prices higher.

Let’s get into the Fun Stuff 😃

Layer 1 blockchains are the backbone of crypto and it’s where we think all investors should be looking first when moving out from Bitcoin.

Why?

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