Nick Hodge,
Publisher
Oct. 29, 2024
Gold isn’t the only thing moving higher.
Digital gold is now appreciating in value as inflation comes back home to roost post a 50 basis point rate cut from the Fed last month.
Bitcoin hit $70,000 yesterday for the first time in four months.
I own Bitcoin in a few ways. All are analogous to how I own gold.
First, I own “physical” bitcoin. It is on a “hard wallet” — similar to a USB stick — in my safe right next to the gold and silver bullion.
Second, I own “paper” bitcoin. I do that through one of the eleven spot bitcoin exchange traded funds (ETFs) that were approved by the Securities and Exchange Commission (SEC) earlier this year. I even put my parents in a similar fund last week.
Third, I own a fund called the Amplify Transformational Data Sharing ETF (NYSE: BLOK) that invests in companies actively involved in the development and utilization of blockchain technology. It has a weighting toward companies like Microstrategy (NASDAQ: MSTR) and Coinbase (NASDAQ: COIN).
Fourth, I own individual companies that participate in various sub-sectors, like miners or exchange owners. One of my speculations is a company called BIGG Digital Assets (TSX-V: BIGG)(OTC: BBKCF), which owns a trading platform called Netcoins and a digital forensics company called Blockchain Intelligence Group. Its shares are up 80% this week as cryptos start catching a bid again.
So there are many ways to skin a crypto cat. And we’re familiar with them all.
As a publisher and editor, I have been writing about and recommending Bitcoin since 2013. I did a full-on promotion about it over a decade ago calling it “the world’s new super currency” because of its anti-fiat nature.
Today, I publish a service dedicated to showing you how to profit from all types of cryptocurrencies. It’s called Crypto Cycle, and it’s run by Chris Curl.
One thing I’ve found, even after a decade, is that people are still unfamiliar with the world of crypto and have questions about how it operates.
We designed Crypto Cycle from inception to answer those questions for you. It has a series of in-depth video tutorials that show how to buy coins on multiple exchanges.
Even better than that, Chris holds a call-in every quarter where he answers your questions directly.
The next one is tomorrow, October 30.
It’s members-only.
But in light of Bitcoin hitting $70,000 this week, I’m opening up membership to Crypto Cycle on a free-trial basis so you can check out the call-in tomorrow as well as all the tutorials, absolutely risk free.
Just complete the form here and you’ll get 30 days of absolutely free access to Crypto Cycle.
Then join Chris on the call tomorrow to see how to get positioned as the crypto market heats back up.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle