EDITOR’S NOTE: With the S&P 500 up only 8% so far this year… many investors are starting to speculate again.
And right now… a lot of speculative dollars are flowing into the crypto market. Bitcoin has crossed the $30,000 price level – an important psychological barrier – for the first time since June 2022.
That’s just one of the reasons our good friend Andy Snyder – the founder of Manward Press – says this is the start of a new bull market in crypto.
– Nicole Labra, Senior Managing Editor
This is important.
It may be my most important prediction yet. It certainly deserves at least a bit of your play money.
My paid subscribers know that each January, I publish a set of big predictions for the year.
I’ve had tremendous success with them.
This year, for example, I predicted three major bankruptcies.
“Predicting that three major publicly traded companies will disappear over the next 12 months is not an easy or fun prediction to make,” I wrote. “What’s ahead will be incredibly painful for the folks involved – and there will be a lot of them.”
Dare I say, through only the first quarter of the year, I’ve nailed this dire prediction. We’ve lost more than a trio of big banks.
I even called out the financial sector in my analysis…
And it’s not just banks that are struggling. Last week we learned that iconic houseware brand Tupperware (NYSE: TUP) is preparing to wave a white flag of its own.
Times are tough.
But today, I’m making a new prediction for the year – a sort of midyear prediction unlike any I’ve made before.
It’s far less negative. In fact, it could make you a lot of money.
But before we get to it, here are the other predictions we printed in that ominous January issue of my prized Manward Letter. They prove I’m dialed in and didn’t just get lucky with the big one.
I either have hit or am on target to hit all seven of these calls. The Nixon shock-like event stands to be the most powerful.
But there’s one prediction I didn’t publish in January. It’s just as powerful… and like I said, it’s much rosier news.
It has to do with cryptocurrency.
Last week, Bitcoin quietly crept over the powerful $30K level. It’s up more than 80% this year.
Dozens of other speculative tokens are up as well – and many are up much higher.
But why? Why is this prediction so easy to make that it’s almost embarrassing?
My paying readers know them well.
The first is listed in the table above: falling interest rates.
It’s simple. In 2022, rates went up and cryptos went down. Money goes where money is treated best. Trillions of dollars poured into safe assets like bonds, CDs and even money market accounts.
That money won’t stay there forever.
In fact, with rates falling hard in recent weeks, plenty of volume-based evidence shows large amounts of that cash are already moving.
Judging by the price of Bitcoin… much of it is moving back into crypto.
It only makes sense. Again, money goes where money is treated best.
Another reason for the recent surge is all the regulation talk. Believe it or not, the recent clashes between crypto and the Securities and Exchange Commission (SEC) have been good. As I’ve said all along, some smart regulation is a must for any financial sector… especially one as unconventional as crypto.
With just a bit of common-sense regulation, the doors will open wide to big-money players.
Few folks are talking about it, but at nearly the same time as Coinbase is dealing with regulators at the SEC, it has quietly picked up a major crypto hedge fund.
Coinbase’s aim is simple… to bring big institutional money to the exchange.
Regulation will help get the job done.
Finally, crypto is also surging because of the idea I mentioned above – big trouble in the banking space.
Over the last eight weeks or so, huge amounts of money have flown out of teetering regional banks and into the nation’s too-big-to-fail institutions. Deposits at large banks have grown by $120 billion.
But not all of the “worried” money is going from one bank to another. A good portion of it has certainly moved into crypto. See Bitcoin’s monumental run in recent weeks.
It makes sense.
If the banking sector is threatening another 2008-style meltdown, why not put a few bucks into an alternative asset… even if you don’t think Bitcoin is the world’s next reserve currency? (Truth bomb: It won’t be.)
Bottom line… It’s not hard to predict a booming second half of the year for crypto.
It could be huge.
I nailed my other calls for the year. This one is next.
Put your play money to work.