Tuesday, November 19, 2024

Why This Celebrity Investor Is Crying Over Crypto

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Why This Celebrity Investor Is Crying Over Crypto

Robert Ross

Robert Ross
Speculative Assets Specialist

Crypto is back and better than ever.

The election of Donald Trump and a Republican red wave has revitalized the sector.

If you've been following along, this shouldn't be a surprise. In October, I told paid-up Manward Money Report subscribers:

With the political landscape shifting in Trump's favor, it's clear that the crypto market sees him as a potential game changer. While we already hold a handful of portfolio positions, those who currently have little exposure would be wise to add here. If prediction markets prove prophetic and Trump does take the White House, that could reinvigorate a crypto bull market that's been a snoozefest since February.

 

I was right. And it made our subscribers a bunch of money, as the positions I mentioned in that same update are up an average 37% in under a month.

But let's not rest on our laurels. It's time to maximize the rest of the crypto bull market.

And the first step in this process is estimating where we are in the cycle.

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My No. 1 Crypto Indicator Is Flashing

I've written to you before about my favorite crypto indicator... Net Unrealized Profit and Loss (NUPL).

NUPL provides insight into the overall sentiment of the crypto market. It measures the difference between the market value and the realized value of Bitcoin and other cryptocurrencies.

In simpler terms, it shows whether the market is in a state of profit or loss. The value ranges from -1 to +1, with any reading under 0.25 indicator investors are uncertain, and anything over 0.75 indicating market euphoria.

After this latest rally, NUPL is showing a reading of 0.6 (60%)...

Net unrealized profit/loss

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While it doesn't mean the cycle is over, it does mean we are now likely two-thirds of the way through the crypto cycle.

But that also means we're entering the most profitable phase.

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There Is A Lot of Money to Be Made

The first phase of the crypto cycle started in November 2022 in the wake of the FTX collapse. Nobody wanted to believe it was a new bull market, saying it was likely a "dead cat bounce."

As we know now, these people are wrong as Bitcoin more than doubled between November 2022 and the end of this part of the cycle in January 2024...

Bitcoin

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From here, we moved into phase 2: Alt season. We saw a flurry of activity in Solana memecoins, with new tokens like Dog Wif Hat and old tokens like Dogecoin rising significantly in a short period of time...

Dogecoin

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This is what I call the optimism phase. You no longer think it's a bear market and you've made some good money.

But after the halving in March, crypto markets moved sideways. I lovingly called this the period of "benign neglect" as prices across the crypto market barely budged for months.

But that all changed on Election Day when we entered the euphoria phase. Everyone who has owned crypto in the last year is making money. And if you were early in this cycle, you are making a ton of money.

This is the time when crypto markets start to get "kooky." I have family members - who don't usually invest - texting me to ask which cryptocurrencies to buy. I'm seeing celebrities like Barstool Sports founder Dave Portnoy crying on Twitter/X because he didn't buy Bitcoin.

But while the kookiness has started, this last part of the cycle is also extremely profitable as both institutions and retail pile into the market all at once.

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Go Long

I won't lie and say you're getting in on the ground floor of this crypto bull market.

That was back in November 2022.

But what I am saying is you can still make a ton of money in crypto if you know what to buy.

That why I am revealing a new altcoin investment in my upcoming issue of Breakout Fortunes, my premium trading research service. We nailed both the post-election crypto and small cap rally.

We've recently locked in multiple triple-digit gains... and are ready to redeploy cash into the market.

The crypto euphoria is here - it's time to profit from it.

Stay safe out there,

Robert

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