Why This Crypto Bull Is Different

This is one of those, “I have a friend…” stories. And we all just assume they’re BS. But this one, I can assure you, is true. And I brought receipts.

This is one of those receipts…

A buddy of mine in the crypto community—the aforementioned friend—sent me that screenshot of his phone. It shows the profits he has made trading crypto in the last 60 days.

A few days later, this screenshot—receipt #2—popped up on my phone:

He’d made more than half-a-million dollars in a single, particularly bullish 24 hours in crypto.

Why, El Jefe?! Why must you torment me so?

Trust me, I torment myself even more.

But the point of today’s dispatch isn’t the torment, the self-flagellation, or even my buddy’s insane wealth creation in less time than it takes to binge-watch the full seven seasons of Mad Men (my current late-night affliction).

The message is that those who are sitting out the crypto markets are missing out on all kinds of opportunities. (By the way, click here to learn more about the potential-5X crypto play I think you should make right now.)

My buddy is not unique here. Scads and scads and scads upon scads of crypto investors are making unfathomable sums of money in this new crypto bull market. I see the receipts pop up on Twitter/X on the daily.

They’re doing so for two reasons:

1. Perseverance. While the rest of the world tossed aside crypto during the downturn in 2022-2023, they stuck around. They did their research. They learned. They taught themselves how to trade and what to trade, when to buy and when to exit. They connected with crypto projects to work alongside them in some fashion. And when the bear market turned to bull, they were in the right place at the right time with the right mentality and the right skillset.

• The changing crypto environment. Past bull markets were defined by crypto nerds and geeks like me, not the mainstream, not corporations, not governments. Today that’s changed. We have significant institutional ownership of crypto. Armies of “normies”—the normal, mainstream crowd of investors—are invading the space now that bitcoin is clearly looking to shoot the moon. And governments—not the least of which is the U.S. of A.—are taking a more positive approach to crypto. That has helped fuel the latest stage of this ongoing bull market.

Point #2 is where I really want to cast your attention.

I suspect a lot of us (let’s call it most of us) don’t have the time to do the kinds of research to become experts at what is essentially day-trading. I’ve been doing it for a while, and while I have tripled my money in a month, I’m not up nearly to the degree my buddies are because I simply don’t have the hours in a day to concentrate on chart patterns and whatnot.

But all of us have the capacity to be lazy investors—to metaphorically grab a board made of bitcoin and other crypto and passively ride the tides that are now lifting all boats.

That’s what Reason #2 is all about: profiting from crypto by doing nothing but riding the trend.

Institutions all over Wall Street have begun building crypto into their asset allocation models. They’ve launched crypto-based exchange-traded funds (ETFs). They have more such ETFs on the drawing board. And they’re increasingly telling mom-and-pop Main Street investors that some of their wealth should be in crypto.

And that’s why… More Main Street mom-and-pop investors are now flooding into crypto.

Just one quick stat: Solana, one of the top cryptocurrencies in the world and one of the most popular blockchains, recently hit a new all-time record for active monthly users. For October, Solana had 123 million active wallet addresses—an increase of 1,000% since the beginning of the year.

And then we have an incoming pro-crypto administration, as I’ve laid out in previous dispatches (like this one).

All of this is entirely new in the crypto space.

None of this existed during the last bull market earlier this decade.

There were no Wall Street firms eagerly launching crypto-focused investment products. Few ever spoke positively of crypto. The mainstream investor cared more about chasing ridiculously overhyped stocks like GameStop. And government was either ambivalent about crypto, or clearly hostile, which is what we saw from the US Securities and Exchange Commission over the last few years.

Now comes the flipside of all of that.

And that’s where I hope to convince more people to put some of their wealth—even just 5%—into crypto. (There’s one coin in particular I believe is going to 5X in the next few months… click here to see more about how I recommend you play the crypto market today.)

We are in a new paradigm.

Crypto and the blockchain are changing pretty much everything in society, and society in turn is increasingly adopting crypto as a legitimate asset class.

Until now, it really has been folks like me and my buddies who were swimming in the deep end of the crypto pool. We understood the risks and we saw the vast rewards that were so clearly in the offing.

Now, those rewards are emerging and everyone else is beginning to dive into the pool too.

That means that even though crypto prices for bitcoin, Ethereum, Solana, and many others have soared from the depths of Crypto Winter, we’re only now feeling the emerging warmth of Crypto Spring.

We have many more days of sunshine ahead, and lots more wealth to collect.

Lots!

I can’t promise you’re going to see the kinds of insane gains my buddy shared with me in those screenshots. But I can tell you that I fully expect a host of other cryptocurrencies to see dramatically higher prices. (Click here to learn more about my favorite crypto that I recommend right now.)

So my final message today is a line I’m stealing from one of my favorite movies… Wall Street.

Micheal Douglas’s character, Gordon Gekko, stands on a Long Island beach in the gray light just before sunrise and calls Charlie’s Sheen character, Bud Fox.

“This is your wake-up call, pal. Go to work.”