Chris Curl,
Editor
Nov. 1, 2021
Publisher's Note: Chris Curl is a self-taught crypto expert. Most all of them are. But Chris is different. He's put down real dollars on the right coins at the right time... repeatedly. He's made 60-times to 75-times his money on multiple coins. He's going to show us how to do it. And I'm going to learn and, hopefully, profit right alongside you. I'm putting $50k into a crypto account that we'll use as the basis for a new research product called Chris Curl's Crypto Cycle. He'll show us everything. Start to get to know him in the interview below.
--Nick
Nick Hodge: Nick Hodge here with Daily Profit Cycle, I'm sitting down with a special guest.
We've been writing more and more about cryptocurrencies. I've been involved in the sector for quite a while now, going back to 2013 when Bitcoin was trading right around $1,000 and I started recommending it to readers. And then a couple of years later helped finance a private company that went on to IPO that was doing some crypto mining. It had a data center in Sweden that was using the Arctic air there to cool the center and was being powered by clean energy that was produced with hydroelectric dams. So that was many years ago and all that has come really until the fore now as Bitcoin and cryptocurrencies, in general, have become the recipient of the inflation that has taken hold in the market, displacing gold and silver and in some respects. NFTs have come on in a big way. And of course, we're hearing more and more about decarbonization, not just of cryptocurrencies, but of supply chains for all materials and of course energy and agriculture.
So I've made some money in cryptocurrencies, both in cryptocurrencies stocks and Bitcoin itself. But Mr. Chris Curl here has made a lot more money in cryptocurrencies. Some 60 to 75 times his money. Not just on mainstream currencies, but primarily on altcoins or what I previously referred to as shitcoins. So Chris has taught me a lot about the crypto space. I enjoy speaking with him about it, about alternative assets, about monetary policy, et cetera. He's clearly had success in the crypto market. And I think he can be an asset to you as well. So we're going to launch some new research here for you soon called Chris Curl's Crypto Cycle. And as a part of that, we'll be doing what we do: bringing you quality information and insights in the form of interviews, reports, and editorials, like the one we're doing here. So Chris, why cryptocurrencies?
Chris Curl: Well, really looking back in 2020 when you observed the actions of the federal government passing the CARES Act at a cost of what was it? I think a total of $3 to $4 trillion dollars. I think people saw the writing on the wall. Certainly, I did when it came to looking for an inflation hedge, an alternative to the dollar. And crypto really looked to be the place where that was happening. Especially, I remember seeing the value of Bitcoin just continuing to go up. I think in December of 2020 it was at $40,000. So that was a moment where, recently, I really decided to go in pretty heavily on Bitcoin and altcoins because the writing was on the wall when it came to inflation and the future of the US dollar, or at least in short term.
Nick Hodge: Why cryptocurrencies, though and not gold? So I came up in a natural resource space, made a lot of money in gold stocks. And gold or precious metals have traditionally been looked to as the inflation hedge. Well, the inflation wolf is at the door. Gold to record prices in 2020, but hasn't had that great of a 2021 at all. I would say it's held its own and did its job last year. But when you compare it to something like Bitcoin it's been left in the dust. So I guess why cryptos and not gold for you?
Chris Curl: Well, essentially gold just if you look at its past price performance, at least recently it just doesn't have the kind of gains that crypto does. You could do an entire book on why that is. Conspiracy theories around as to whether gold and silver are being suppressed. Or if this is just the new 21st-century inflation hedge: Bitcoin, as opposed to gold. I'm not sure. But it was obvious to me that all the momentum was in cryptocurrency as far as an inflation hedge for the short term. In the long term gold might still do something. I still think it's a good investment option. It's good to have some money in gold. But I do think that at least in the short term, crypto is the inflation hedge for right now, and elaborating further on that I do think that crypto is in something of a speculative mania right now. It's the new kid on the block. Everybody's getting into it. Young people are getting into it. I don't think young people have a lot of interest in precious metals generally... like a crypto named after a dog or something. I guess it's just something that appeals more to them than gold or silver. But yeah, we're in something of a speculative mania in crypto right now, whereas gold is definitely not in that sort of cycle. So right now crypto is where the money is being made.
Nick Hodge: Yeah, the kids, right? The millennial generation and the generation after them. We're the oldest of the millennial generation. So they came up online buying tokens and stuff in Farmville, and having online profiles. So they have been cultured or indoctrinated for that.
Chris Curl: Yeah. They're used to assets being digital already, whereas older people, they don't think it's real.
Nick Hodge: Absolutely. That led to the ease of adoption and the speculative mania that you see. But more than that, especially now, it's entrenched or is becoming entrenched at least in Wall Street in real financial terms. Financial institutions are starting to dabble in it. You just had the first future's ETF approved. China's cracking down on it, which means that it's a real thing. And so defi is become a movement, decentralized finance, and there's whole cultures and landscapes emerging to trade, not just the main ones, Bitcoin and Ethereum, but Cardano and Solana and all the ones that you're going to be writing about. People have a lot of questions. I had a lot of questions as well. Which exchange do you open up? How do you attach a wallet to an exchange? When is a good time to buy?
I've been writing about that a little bit lately just based on the chart. But Chris is going to be providing information across the spectrum on cryptos including the answers to the questions I just asked. Which exchanges? Which coins? Teach me about decentralized finance. We're going to be doing all of that. I just wanted to take a couple of minutes to introduce him. You'll start to get to know him more and more. We'll be continually sending out articles and research reports that he writes, and you should get used to seeing him around. Chris, before we go. I guess the last thing I wanted to ask you to explain or to tell the audience is your philosophy on halving Bitcoin and your outlook for the next three to six months going into 2022 just based on that.
Chris Curl: Sure. Yeah. Essentially since its creation, Bitcoin has a process called "halving." It's written into the code of Bitcoin itself. It essentially happens every four years. The first one was in 2013, and it basically halves the rewards that Bitcoin miners acquire through mining Bitcoin, to put it in the simplest terms. I'm not going to get into the technicals of it because it's not really important. It essentially makes it in some ways more scarce. It does seem to have a very strong effect on its price. So usually what happens is roughly a year after the halving to 18 months after the halving... Bitcoin basically has a massive blow-off top. It has an extended bull run. There are some corrections along the way, but a massive blow-off top where it shoots up massively.
The last halving was May 11th, 2020. So that puts us right towards the latter stage of this current bull run, where we really should start seeing this mania phase where it just has its blow-off top and goes parabolic. We might be looking at $150,000 Bitcoin. I think that's very realistic for the end of Q4... beginning of 2022. I think it could even maybe go up to $350,000 on the upper side. And the good thing with that is when Bitcoin has these huge parabolic gains, it usually corrects a little bit and stabilizes to a degree. When that happens that's when all the altcoins make a huge run. You're even seeing that a little bit right now... Where Bitcoin had that big punch up to $68,000, went down, stabilized a bit and now altcoins have been going crazy.
Nick Hodge: Interesting.
Chris Curl: So that happened to an even larger degree on Bitcoin's last blow-off top, when the altcoins just surge right behind it. And that's where you really want to be conscious of cashing out and taking your gains. It's really where fortunes are made.
Nick Hodge: It's been buy the dip in stocks, it's been buy the dip in commodities and it's certainly been buy the dip in cryptocurrencies. And that's what we're going to be doing here over the next couple of months. We're going to make a real money $50,000 portfolio. Chris is going to manage it and we're going to use that as a basis to send out information, alerts, and guidance to you based on how we're managing that real money. Because that's how this information industry is going. Having skin in the game, just like we do with stocks on the newsletter side, the financial stock newsletter side, we're going to do the same thing with crypto.
So keep an eye out for more about Crypto Cycle, which will be available starting later this month. Keep an eye out for more from Chris, including why he thinks Dogecoin can go to $1.00.
This transcript is unedited. Please excuse grammatical errors and run-on sentences.