- The Digital Asset Daily
- Posts
- Don’t Let Boredom Rob You of Your Retirement Fortune
Don’t Let Boredom Rob You of Your Retirement Fortune
From Boredom to Fear to Fortune
Don’t Let Boredom Rob You of Your Retirement Fortune
The next 90 days will be the most critical of your investment life.
Bitcoin and a handful of altcoins are about to go bananas to the upside.
I know it doesn’t “feel” like that could be true right now. After all, bitcoin has essentially done nothing but go sideways since it hit $110,000 in December last year.
Altcoins have had some brief spurts of activity. But compared to previous markets, it’s been a snoozefest.
This isn’t my first time getting caught up in a long bout of coma-inducing boredom.
In 2023, I was pounding the table on BTC during the regional bank crisis. And we got long at just under $20,000 and again at $25,000. And BTC did NOTHING all year long.
Even when Blackrock filed its application for an exchange-traded fund (ETF) in June that year, BTC perked up to about $31,000 – then got walloped right back down to $25,000.
Everybody and their mother was telling me the ETF didn’t matter. After all, a Canadian-based ETF had already launched… And no one was buying it.
Surely that meant the whole ETF narrative was just wishful thinking by the bitcoin bulls, right?
On the surface, that negative take looked true. But here’s what I have learned: You don’t make life-changing gains by looking at the surface.
I had done the deep research. I knew that once a fully compliant AMERICAN bitcoin ETF launched, the demand would be insatiable.
And guess what happened?
BlackRock’s ETF launched… and bitcoin promptly dropped from $49,000 to $38,000.
Again, the market said the ETF was a “sell the news event.” And I said the exact opposite.
On January 26, 2024, I told my readers to BUY! BUY! BUY! I said the market didn’t understand how big the demand was going to be. I said this sell-off was a gift.
And that’s exactly what it was…