This week, both small and rich crypto investors have moved into accumulation mode.
| Dear Reader, At 11:01am AEST on 5 May, we issued a series of recommendations regarding the cryptocurrency markets… First came a warning. Centralised powers were about to take big swings at this ‘new game’… ‘We are going to see massive amounts of pushback from the centre brigade. Do you think the old gamers are going to just sit back and watch as all their power is taken away from them?’ It happened. The old gamers dealt crypto a series of body blows. And for weeks after, bitcoin trended down and down from its mid-April record near US$65,000. Now we’re seeing what SEEMS like a pretty serious reversal of that trend. Supportive comments from Elon Musk and Cathie Wood, plus digital-asset-related job postings by Amazon, plus retail interest picking up again, plus short-sellers covering their positions…it’s all converged to put some serious fire back into the market. But what’s REALLY going on here? And what’s the smartest thing for you to do…as the crowd seems to be moving from sell or hold to BUY? Do you join them? Or do you employ a slightly more nuanced strategy? This week, both small and rich crypto investors have moved into accumulation mode. But before blindly joining them, you should read our just-published strategy report. It gives you a series of clear-eyed directions you won’t find in the mainstream crypto press. You can read it in full here. Regards, James Woodburn, Publisher, Fat Tail Investment Research |
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