The Mother of All Bull Markets Has Just Started

Well, we’re here—2024. Early days, still. But this might just be as good as it gets.

Not to be a downer so soon, but 2024 quite likely will be a rambunctious year, socially and politically.

I mean that in a bad way.

The good news: 2024 is going to see millionaires and hundred-thousandaires minted by the droves because of what could very well be the launch of a bull market in assets the likes of which humanity has never known. I’m not exaggerating.

So, I guess what I’m saying is that we’re likely to live through a Dickensian Tale of Two Cities—only replace London and Paris (the two cities of the book) with Society and Money.

In terms of society, America is already Paris before aggrieved Parisians stormed the Bastille and launched the French Revolution. Given the political discourse (read: “hatreds”) that percolates through American society these days, I’d argue we’re already in a second Civil War, just absent the muskets and uniforms.

That is absolutely, 100% guaranteed to worsen as the year draws nearer to the presidential elections.

Seems pretty clear that Republicans and Democrats—Red and Blue—are in a tit-for-tat spat that does less than nothing to improve the lot of everyday Americans, but does everything to tear the country apart.

Frankly, the two leading contenders for President #47 are two sides of the same bad penny that I wish we could collectively throw back.

This is supposedly the Year of the Dragon in Chinese astrology. Feels more like Year of Albatross, because one of those two dotards will be hung around America’s neck a year from now, and no matter who it is it’s just going to exacerbate the hatreds between Red and Blue.

I’ll bet we hear about a massive ramp up in secession talk later this year as states look to separate themselves from government they don’t like. (The caveat here is that a non-Trump/non-Biden winner will cool the flames.)

I also bet we see a notable increase in the number of people seeking second citizenship and passports as their escape hatch.

So, that’s the social side of America in 2024.

The money side will be far brighter.

A year ago this month, I sent you a dispatch saying that I suspected we’d seen the bottom in crypto and that 2023 was the beginning of a stealth bull market. And here we are today: That stealth bull market is now a full-blown bull market. Had you bought bitcoin, Ethereum, and Solana last January when I called them out, you be sitting on big profits. Solana alone is up 10x.

But this Mother of All Bull Markets is just getting started.

I won’t run through all the events conspiring to drive crypto higher. I’ll just say they’re numerous and you should probably go back and re-read a few of my recent columns on crypto (like this one and this one).

I fully expect we’re going to see huge wealth printed for so many people who are active in crypto right now.

I can tell you that in October, I owned a “bag” of a particular crypto that was worth $3,975. Today, less than three months later, that same bag is now worth more than $86,700—a 22x gain in the span of a season. Another token that’s pushing up against $20,000 in my crypto wallet today was worth less than $3,000 as September began.

Later this month, I’ll be collecting a bag of free tokens as part of a so-called airdrop—which is when a crypto company sends you tokens for free because you’ve used their service. (I’ll have a dispatch for you this week on how to play airdrops for potentially significant sums of free money). As I write this, those tokens are trading pre-airdrop in the $0.80 range, meaning the 7,500 tokens I’ll receive are worth about $6,000.

Again, I stress: Totally free money.

And within the crypto community, there’s talk that this token could run up to $3 to $10 range because of what this company does, and services it’s soon to add. If so—and I am praying to 1,000 different gods it happens—my free tokens would be worth a free $75,000.

Sounds insane. Too good to be true, El Jefe!

Alas, an airdrop I missed in November called Jito Network resulted in tens, and even hundreds of thousands of dollars for crypto users I’m friends with.

Too good to be true, but true, nonetheless.

And that’s just crypto!

Stocks and bonds are going to print money as well, as the Federal Reserve begins the rate-cutting regime it recently told the Street to expect. I sent my Global Intelligence subscribers an alert a few weeks ago to add a particular real estate investment trust to their portfolio because Fed rate cuts are going to fuel the Year of the REIT (the theme of January’s upcoming Global Intel issue).

What I’m saying is that money is now coursing through the cryptosphere again, and soon it will be coursing wildly through traditional financial markets. And all of this is still very early days.

So that’s where we are as 2024 begins—the best of times (financially), the worst of times (socially).

I hope that 12 months from now all of us can say that we were on the “best” side of 2024.