Monday, November 18, 2024

Profit from the Crypto Boom Without Owning a Single Bitcoin

The Best Crypto to Buy Now

Practical Investment Analysis for the New Energy Economy

Profit from the Crypto Boom Without Owning a Single Bitcoin

What’s the best crypto to buy now?

Certainly there are plenty of choices outside of bitcoin.  But indeed, bitcoin is the dominant cryptocurrency for plenty of reasons.  Even more so now that Donald Trump was re-elected. 

best crypto to buy now

You see, while Trump was on the campaign trail, he made a promise to launch a “Strategic Bitcoin Reserve.”

Wyoming Senator Cynthia Lummis originally floated this idea.  Lumis said this reserve would mirror the Treasury Department's existing responsibility for managing the nation's gold reserves.  It would operate independently from the Federal Reserve System.  

Worth noting: the U.S. government already holds more than 200,000 bitcoin.  Early indications suggest that if this reserve is created, all of that bitcoin the U.S. government currently holds would be transferred to the treasury and held as a part of the reserve.  And over the course of the next five years, they would add roughly 800,000 more to reach a set holding of one million bitcoin. 

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As a side note, the supply of Bitcoin is programmatically capped at 21 million.  This means the U.S. would essentially control 5% of all the Bitcoin ever created. 

Not surprisingly, with the mere suggestion of such a reserve, bitcoin prices have surged to historic highs. Certainly institutional interest has grown dramatically.  Especially when you consider that other countries and financial institutions are now actively seeking to integrate digital assets into their portfolios. 

But you don’t actually have to own Bitcoin or any of the other altcoins to make a boatload of cash.

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The Best Crypto to Buy Now isn’t Actually Crypto

Similarly to the way we saw the “picks and shovels” create millionaires during the gold rush, the same thing is happening with the crypto rush.  Only this time, it’s not literal picks and shovels.  Instead, it's the crypto miners and all the companies that support those mining operations.

To put this in perspective, the price of bitcoin surged around 33% following Trump’s win.  But my  favorite crypto mining stock soared more than 56%.  Check it out …

miningchartstock

Of course, I’m not saying you can’t make a fortune in crypto by owning Bitcoin.  Clearly you can.  But the REAL money is in the mining and other operational support systems.  So to get you up to speed, we put together this short report which shows you specifically how you can make a fortune in crypto mining, and of course, the one crypto mining stock that’s now delivering bigger gains than bitcoin.

Here's the bottom line. With a strategic bitcoin reserve virtually guaranteed now, you’d be a fool to not have some exposure to this space.  And the easiest, safest, and most profitable way to do that is through this bitcoin miner. 

To a new way of life and a new generation of wealth...

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's page.

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