HomeHome SearchSearch MenuMenu Our productsOur products

A Catalyst for Crypto's Next Push Higher!

by , 10 March 2021
A Catalyst for Crypto's Next Push Higher!
Firstly, if you're a new crypto investor then you deserve a congratulations...

You just survived your first 30% crypto dip!

The good news is, we've seen plenty of these before. It's not something that's all that unexpected.

The bad news is, expect more crashes to happen as we march though this current mega crypto cycle.

Nothing has fundamentally changed in the crypto space. But it's always good to have some perspective.

For example, bitcoin is only down 20% from its all-time high of $58,640. Yet tech giant, Tesla has fallen +27% from its all-time high a bit over a month ago.

With that said, now might be a great time to buy the dip.

And it's all thanks to this catalyst…

The Best Crypto Move to Make Today
There's never been a better time to make BIGGER - and FASTER - money in the crypto market.
In fact, Sam Volkering is sharing special plays with the potential to hand you the biggest gains of your life - STARTING TODAY!
A widely watched crypto metric screaming buy
Right now, the largest public bitcoin trust – Grayscale Bitcoin Trust (GBTC) – is facing an unusual situation…
Its share price is dropping faster than the underlying cryptocurrency. 
This is a closely watched metric in cryptocurrency markets and is called the Grayscale premium. 
It refers to the difference between the price of bitcoin as implied by cost of shares in the publicly-traded Grayscale Bitcoin Trust (GBTC), and the price of bitcoin as traded on cryptocurrency exchanges. 
Historically, it’s been positive. But recently it flipped. 
Take a look below…
It’s a rare situation. It’s only flipped two times, and that was in the past month. However, each of those times saw an immediate reversal to the positive side. A rally ensued.  
In short, this could be a great crypto signal to buy more.
And I’m not the only one who thinks so….
Bloomberg Intelligence analyst Mike McGlone, who correctly predicted $50,000 bitcoin in 2021, says this recent market indicator suggests $100,000 could be the next threshold.
In a March outlook report, he wrote the recent drop below zero in the so-called Grayscale premium “could signal that last week’s swift 21% sell-off to about $43,000 might have reset the market for a fresh run”.
Whether we wrong or right, a $100k bitcoin in the near future is certainly not out of the question.
Is this trading's biggest quickest cash haul? Inside this free Brand-New Book:
One of South Africa’s top CFD trader reveals R1,500 to R10,750 a week secret.
Remember, the crypto ecosystem is still in its very early stages…
The bulk of the developments in this world have really only come around in the last five years.
That’s phenomenal to have seen this great an explosion of innovation and development in such a short period of time. The next five years will be equally as extraordinary.
But you also need to remember this is still a very exciting and very risky experiment. A lot of the development and innovation are game-changing ideas that may change the fabric of our society. They also may utterly fail.
That means the risk here is very high, but the payoff if it comes off will be a huge wealth creation event for investors.
And I think it’s smart to have some exposure to the right side of that move. Start small and use the dips to build your crypto position.
See you next week.
Joshua Benton,
Managing Editor, The South African Investor

A Catalyst for Crypto's Next Push Higher!
Rate this article    
Note: 4.67 of 3 votes

Related articles

Related articles

Trending Topics