3 reasons crypto will continue to shine
Bitcoin Defies the Drawdown  | | GREG
GUENTHNER | Hi Reader, Renewed inflation fears gave speculators the perfect excuse to sell their stocks over the past six weeks. Of course, everyone’s probably getting way too bearish right now. Santa failed to show, January is off to a back-and-forth start, and sellers have knocked a lot of air out of the frothiest stocks that were screaming higher during the fourth quarter. As stocks began to recover following favorable inflation data earlier this week, I’m sure there’s one question on your mind: What should I look to buy in this choppy market? Many of the popular stocks that folks were trading back in November might need more time to set up for fresh trades. But there is one asset that’s ripe for another strong rally… I’m talking about Bitcoin. Here are three reasons why Bitcoin is set to rise and quickly break above its December highs. | |
James Altucher: “Pre-IPO cryptos will be the best coins to buy for 2025.” James Altucher has discovered a brand-new way of investing in crypto that allows everyday investors to get in on up-and-coming coins at extremely low-cost prices BEFORE millions of investors are able to pour in. He’s seen top-performing gains like 3,895%...16,629%...Even 32,010% - all in less than a year - from these Pre-IPO cryptos. His latest briefing covers everything there is to know about cryptos IPOing. Click here to learn why this could be the best way to invest in cryptocurrency in 2025. | | |
1. Crypto Stocks Are Already Catching Fire While Bitcoin is still flirting with $100K, we’re seeing some of the beaten-down crypto miners stretch their legs. Hut 8 (HUT) logged double-digit gains on Wednesday as Bitcoin extended higher. Meanwhile, Riot Platforms (RIOT) jumped nearly 10% to post fresh January highs. CleanSpark (CLSK) also gained more than 8% to post its fourth straight day of gains. Granted, these Bitcoin miner charts are far from perfect (I’d say HUT is my favorite one at the moment). But we can’t discount the fact that these stocks are already posting big moves — as if they’re anticipating an impending Bitcoin breakout following nearly two months of sideways action. Aside from the miners, we’re also seeing strong moves from other crypto-adjacent stocks. Trading app Robinhood Markets (HOOD) is even breaking out to fresh all-time highs this week as it enjoys the one-two punch of positive analyst comments and a finalized SEC settlement. If speculators are going after the crypto plays in the stock market, it’s only a matter of time before Bitcoin falls in line and continues its march higher. 2. Is It 2021 All Over Again? Bitcoin enjoyed a huge rally during the pandemic trading boom in Q4 2020. Crypto continued its hot streak into January 2021, just as huge squeezes in Tesla (TSLA) and meme stocks like GameStop (GME) dazzled traders. January 2025 hasn’t been as kind to speculative stocks thus far. But remember, Bitcoin didn’t need any extra juice from the stock market to continue its romp in 2021. While most of the frothy names ran out of steam by early February, Bitcoin continued to push higher into mid-April. | | | But that wasn’t the top. Bitcoin traded within a $30K range for the remainder of the year, while speculative growth areas of the market such as the ARK Innovation ETF (ARKK) were cut in half. Will we see the 2021 scenario unfold again? I don’t have a crystal ball, so I can’t say for certain. But I wouldn't be surprised if the next few months rhyme. 3. Bitcoin’s Next Measured Move Gives Us a $120,000 Target Bitcoin has essentially traded in a sideways range since late November as it marched to its first breakout above $100K. Now that it’s beginning to turn higher again, we can begin plotting price targets in anticipation of an upside breakout. Here’s how I see it playing out… If Bitcoin can get back above $105K and start to run, it will likely escape this sideways chop and produce a rally similar in magnitude to what we saw in early November when it jumped from the low $70K range to the mid $90Ks. | | | That gives us approximately $20K of upside from the breakout zone. I think that makes $120K a reasonable target looking ahead to the late first quarter — maybe even sooner if Bitcoin runs like it did back in Q4. In fact, the next major catalyst for Bitcoin will happen in just a few short days, which could kick off crypto’s next run. You see, Paradigm’s resident crypto expert James Altucher recently released a shocking Bitcoin prediction tied to Trump’s inauguration on Monday, January 20. But he says that buying Bitcoin and other regular cryptos WILL NOT be the best way to invest this year. Instead, he’s recommending five tiny cryptos that could potentially soar 10X… 50X… or even 100X over the next 12 months. Click here to access the details. For now, it looks like it may be crypto’s time to shine while stocks still try and find their footing this year. Happy trading, | | | | | |
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