print-icon
print-icon

Five Charts That Signal a New Major Bull Market is Here

Phoenix Capital Research's Photo
by Phoenix Capital Research
Wednesday, Nov 20, 2024 - 10:41

Depending on which index you focus on, the stock market is up 3%-4% since election night.

However, the crypto markets are completely OBLITERATING this performance.

Ethereum is up 30%.

Bitcoin is up 37%

And Doge is up an astonishing ~150%. That’s 150% in just two weeks!

The gains are confined to crypto coins either. Everything from related to the crypto space from digital miners to brokers are up a LOT.

The message is clear: a MAJOR shift in U.S. crypto policy is coming. After all, President Trump has repeatedly issued positive statements about crypto currencies. Heck, he even spoke at a Bitcoin Conference in Nashville on July 27th despite being shot two weeks' prior. This is a strong signal that the conference was of personal significance to Trump.

Trump isn’t the only member of his administration who is pro-Bitcoin. Vice President J.D. Vance personally owns between $100,000 and $250,000 worth of Bitcoin as detailed by financial filings.

And finally, Elon Musk, who is becoming the “First Best” with President Trump, is a big proponent of crypto currencies, including Bitcoin. Just one of his companies, Tesla (TSLA), owns nearly $1 billion in Bitcoin.

Put simply, the President, the Vice President, and one of their most trusted economic advisors are all involved in Bitcoin in some fashion.

Between this and the market’s reactions to Trump’s win, we know that a major new bull market in crypto has begun. Smart investors are taking steps to profit from it now.

Smart investors are already positioning themselves to profit from this.

If you’re not comfortable investing directly in crypto coins themselves, there are a number of crypto related Exchange Traded Funds (ETFs) that you can buy just like a stock.

We highlighted the best of them in a new Special Investment Report, The Bitcoin ETF You NEED To Know About. It details a highly safe, liquid Bitcoin ETF that gives you exposure to the crypto currency without having to set up a special brokerage account.

We are selling this report as a standalone item for $499… but you can pick up a copy FREE simply by joining our daily market commentary, Gains Pains & Capital.

We are making only 99 copies available to the public.

There are only 39 left.

To pick up yours…

CLICK HERE NOW!

Best Regards

Graham Summers, MBA

Chief Market Strategist

Phoenix Capital Research

 

 

Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
0
Loading...