Three Steps To Make Bitcoin’s Volatility Work For You

Three Steps To Make Bitcoin’s Volatility to Work For You

From the Far East to the Middle East… And from Western Europe to the United States of America… Stocks are dropping.

Welcome to September.

It can be a notoriously rambunctious month for stock prices.

The fiscal year for some hedge funds and money management firms ends on September 30. So you’ll often see managers locking up profits for the year as well as harvesting tax losses around this time.

(Tax-loss harvesting is a great strategy investors can use to offset taxes owed on capital gains with their own capital losses.)

Of course, this being an election year brings more urgency. If the Democrats win, there’s an almost 100% certainty capital gains tax will go up. And go up a lot. The Dems are talking about hiking capital gains taxes to 44.6%.

So after what has been a wonderful bull run, it makes sense for prudent money managers to lock in some of their gains now and hedge against a possible doubling of the capital gains tax rate.

This phenomenon is also playing out in the crypto markets. Over the last 52 weeks, bitcoin has risen as much as 200% from its lows to its highs.

For those managers that got in late, don't be surprised to see them harvest some tax losses now and then buy back at the end of the year.

Let me share a strategy the wealthiest individuals on the planet use to put volatility to work for them… and how you can, too.

The Three-Step Formula for Buying on Weakness