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These posts are your gateway to our latest market alpha, top coins to watch, and community updates. They also keep our busy Patrons happy and informed.
This issue covers:
Latest market outlook
How to 10x your money!
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin surprised the market with a second perfect re-test of 64k support. As soon as the price touched that level it was up only. In the process, BTC made a higher high, reaching 69k. This is bullish and the only notable resistance is the ATH at 74k.
Bulls were sweating last Thursday when the price fell to 64k support. However, their anxiety didn’t last because the buy volume exploded, and with it, the price went on a non-stop rally! It only stopped once it reached 69k, a new local high.
Why did the price suddenly change its mind?
Maybe because Trump just spoke at one of the biggest Bitcoin conferences on Saturday. In his speech, he told the audience to never sell Bitcoin and that he will create a Strategic National Bitcoin Stockpile.
WHAT? Just click play below.
Since when did Bitcoin become a topic of national policy in the US presidential elections? I hear the Democrats are also doing a U turn on crypto and they are now fully on board or risk losing those votes. Either way, this is bullish for crypto! We’ve come a long way since 2009.
These developments make Bitcoin, and crypto at large, a winner no matter who wins the US elections in November 2024. This supports my expectations for a nice rally in the second half of this year. The stars are aligning nicely for that.
With that in mind, lets discuss how you can still 10x your money using three key sectors of this market.
How to 10x your money!
From time to time, new members join our Discord community and their first question is: How can I 10x my money? What should I buy?
At this stage of the bull cycle, this is not an easy question to answer. Anyone promising you an easy 10x if you buy such and such coins are likely using you as exit liquidity.
Don’t trust anyone telling you it’s easy. It’s not, especially at this point in the cycle. This is because a 10x in the second half of a bull market is more a factor of luck rather than planning or smart investing.
Let me give you an example.
The best time to aim for a 10x is during a bear market when people stop talking about crypto and Bitcoin is called dead. A smart investment then can easily turn into a 10x. We are NOT in such a market today!
Take Arweave for example. It was $3 to $6 during the last bear market and reached $50 in March 2024. An easy 10x. I also recommended it in Alpha Post 1 when it was around $6. Buying Arweave today and hoping for a 10x is hopium.
However, there are still opportunities in crypto for a 10x until the end of this bull market. I think it can make some of you rich by early 2025. Make the best of it and secure profits if that happens.
Below are my top three picks to still 10x your money in the remaining part of this bull cycle.