Up 62% So Far This Year – Do You Own It?
Andy Snyder|March 20, 2023
Once again… contrarian logic is winning out.
Buying when the sellers were pointing and sneering has paid off handsomely one more time.
Few folks had the guts to take a stake in the crypto market at the start of the year. The regulators were coming. Bankruptcies were on their way. And the Fed was pulling all the easy money out of the market.
And yet… look at the chart below.
It’s a thing of beauty.
The S&P 500 is up 3% this year. It had to kick a lot of shins just to gain that much.
Bitcoin, on the other hand… that oh-so-hated asset… it’s up more than 60%. And now that the Fed appears to be hamstrung by bank failures, buying volume is soaring.
As the Fed’s hikes peter out and rates begin their race back to zero, speculation will come roaring back.
But this time – pay attention, this is important – one key aspect of the market will different.
Only the Best
The crypto space has certainly caused its share of issues over the last few months. It reminds us of the problems our schoolteacher mother used to have. A few bad actors can bring down a class. It doesn’t take all 25 students in a room being devilish dunces to cause a ruckus – just two or three.
Get rid of the clowns… and things shape up.
And in the crypto world, the clowns are on their way out. The folks at the SEC are slowly and quietly doing their job.
As we’ve said many times over the last few weeks, it’s creating quite an opportunity for a savvy, forward-looking group of investors.
Many, including this fine fella, believe it’s the way of the future.
The “good kids” are leaving the bad boys behind and moving on to a land of growth and opportunity.
BlackRock’s Larry Fink says it will be the next evolution in the markets.
Mark Cuban says it will change the way companies raise money and the way people invest.
And billionaire Tim Draper says these “good guys” will soon form the largest market in the world. “It’s going to dwarf the internet. It’s going to dwarf anything that’s come before,” he said.
That’s big.
Most folks simply read the headlines and believe that crypto is on its way out… that regulators are not just expelling the bad kids but shutting down the whole darn school.
That’s not what’s happening… at all.
The chart above shows the immense profit potential.
Our favorite asset class – home to our No. 1 investment for 2023 – is one you’ve probably never heard of. It’s the brand-new investing arena that is attracting so many of these crypto “good guys.”
It has as much potential as crypto, if not more… but it also has the blessing of the SEC. The assets in this space are like supercharged penny stocks with one heck of an upside.
As cryptos come back to life, keep an eye on this brand-new asset class if you want to spot the biggest winners.
I just released an in-depth introduction to what’s happening… including some of my favorite ways to play it all. Stick around to the end to get my free pick.
This is revolutionary.
