 | Amanda Heckman
Editorial Director |
Crypto investors (and crypto skeptics), take note. While the crypto market is down... it is FAR from out. In fact, smart investors would be wise to take advantage of the low prices... Because after the bullish news this week, those prices won't be down for long. [Click Here to Get Marc Lichtenfeld's Top 5 Dividend Stocks (FREE PICKS)] Welcome to DavosA little event called the World Economic Forum (WEF) took place this week in Davos, Switzerland. The conference draws leaders from government, business and the nonprofit sector to debate the world's most pressing economic issues. Unsurprisingly, inflation, interest rates and worries about a global slowdown ruled the conversation. But crypto also took a seat at the world's biggest business table this year. Attendees were greeted by billboards at the Zurich airport and the Davos train station. They walked past stalls and pavilions along the promenade that leads to the main WEF meeting space. Crypto was everywhere, and folks couldn't escape its gaze. Indeed, after chowing down on $50 burritos, world leaders sat in on panels and discussions about the future of digital money… its role in the global economy… and the need for clarity in crypto regulations. Crypto's presence at Davos is proof of just how seriously world and business leaders are taking the sector. Banks ❤️ CryptoOne business leader taking crypto seriously is Jamie Dimon. Once a die-hard skeptic, the CEO of JPMorgan Chase is now singing a very different tune. As Andy told his Alpha Money Flow subscribers this week... Once calling crypto worthless, Jamie Dimon's bank recently bought into blockchain intelligence company TRM Labs... and even invested in assets within the metaverse - an industry it says could soon be worth $1 trillion in annual sales. | | |
Even bigger, JPMorgan believes Bitcoin is undervalued by nearly 30%. And the bank is replacing real estate with crypto as its "preferred alternative asset class." JPMorgan analysts wrote... A potential lagged repricing keeps us more cautious on private equity, private debt and real estate over the coming quarters. We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds. | | |
That's huge. Andy said it best: "To those who say crypto is dead... even Wall Street's stalwarts say think again." Nothing Like ItAnd it's not just Wall Street. Nothing says an industry is being taken seriously quite like 50 pieces of legislation. And that's exactly how many crypto bills and resolutions have been introduced in Congress... covering crypto regulations and taxes, blockchain funding, and other facets of digital currencies. There's no telling how far any of these proposals will go... but their scope and breadth sure underscore just how important crypto has become... not just to investors but also to consumers and our economy. Finally, here's a fresh stat that will drop the jaws of many crypto deniers: 1 in 5 stocks in the S&P 500 are now more volatile than Bitcoin. It is not the volatile beast that many say it is. And it's not just small, risky stocks... Amazon, Netflix and Under Armour are all more volatile than the king of crypto. Anyone quick to dismiss crypto is simply not taking the long view... The news this week proves crypto is no passing fad. It's positioning itself to become a critical part of our financial and economic systems. And this dip is a perfect opportunity to buy as crypto's story continues to unfold. Netflix is laying off hundreds of workers. Carvana fired 2,500 workers... over Zoom. Robinhood slashed nearly 10% of its workforce. Peloton canned 2,800 people. And even Meta Platforms has enacted a hiring freeze. There's a critical lesson in this. For the astute, it's a moneymaker. Continue reading... Alpesh takes a look at another "Readers Choice" stock this week. It's an under-the-radar EV company that's had a few up and down years. Is it gearing up for more gains... or do the numbers tell a different story? See whether it passes Alpesh's proprietary Growth-Value-Income test by watching this week's Stock of the Week. Click here or on the image below to watch it. "Bear markets are often when the best opportunities come about, when people are actually able to focus on building technology rather than getting distracted by short-term price activity." - Arianna Simpson, a general partner at Andreessen Horowitz Want more content like this? | | | |
Amanda Heckman | Editorial DirectorAmanda Heckman is the editorial director of Manward Press. With unrivaled meticulousness, she has spent the past dozen or so years sharpening Andy's already razorlike wit... and has worked with numerous bestselling authors and award-winning financial gurus along the way. | | |
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