The Crypto Bull Market You Won't Want to Miss

Last call for Eric Wade's urgent briefing... The 'mega catalysts' for bitcoin... Unlocking billions in institutional money... How to make extraordinary profits in cryptos... Stocks tread water... $5 trillion in consumer debt...

It's 'last call'...

At midnight Eastern time tonight, Stansberry Research analyst Eric Wade's emergency briefing will go offline. And as I (Corey McLaughlin) said yesterday, you don't want to miss it.

It's near closing time, so we'll cut right to the chase...

If you've noticed the price of bitcoin rising sharply over the past few months – and more than 170% higher in the past year – and have wondered why, this message is for you... And if you've just heard this news about the world's most popular cryptocurrency, it's for you, too.

In this entirely free presentation, Eric details how and why – after a brutal 2023 for cryptocurrencies marred by scandals – bitcoin is suddenly trading at multiyear highs again... above $46,000 as of this writing.

And he shared why the frenzy that pushed bitcoin to its previous high above $65,000 in late 2021... and to previous highs in cycles before that... is likely to happen once again, but perhaps for the final time.

That's why Eric is making the strongest buy recommendation of his career.

As we wrote about yesterday, one of the catalysts is almost out of the bag...

The approval of the first U.S.-based spot bitcoin exchange-traded funds ("ETFs") appears imminent. A decision is widely expected from the U.S. Securities and Exchange Commission ("SEC") as soon as tomorrow.

For a brief period late today, it looked like it might have already happened...

As we went to press early this evening, a posting on the SEC's X, formerly Twitter, account said the approval was finalized... But about 20 minutes later the agency said its X account "has been compromised" and the message was an "unauthorized tweet."

In any case, at least 12 applications are pending for bitcoin ETFs from companies with a combined $17.7 trillion in assets under management, and the SEC could approve all of them at the same time.

Yesterday, SEC Chair Gary Gensler also published a warning about crypto "fraudsters." Given the timing and current market expectations, this certainly looked like a tacit acknowledgment that greenlighting bitcoin ETFs is to come.

If or when it happens, this will be a milestone moment for cryptos. Institutional and everyday investors will suddenly have an even easier path to offering and getting exposure to the asset class... and will unlock billions of dollars of flows into bitcoin.

As we reported yesterday, BlackRock, the world's largest investment firm, recently bought about $10 million worth of bitcoin to "seed" its proposed ETF, for instance. Others have topped that number substantially, as cryptocurrency news outlet The Block reported...

Investment firm VanEck has taken the lead with direct investment, noting that it has seeded its potential spot bitcoin ETF with $72.5 million, according to its amended S-1 form.

Bitwise has seeded its proposed ETF with $500,000, according to its amended S-1 form, but Pantera Capital has also said that it is interested in putting $200 million into the fund if approved.

Eric says he wouldn't be surprised if more than $600 billion of institutional money flows into bitcoin in the next five years and the price of bitcoin doubles by the end of this year.

And as Eric explains in his free presentation, this is just the start... We could be in the early stages of an epic bull run for bitcoin – and all cryptos. Eric, who has already racked up 1,000%-plus gains in 13 different cryptocurrency recommendations, says it could even be the greatest crypto bull run ever.

Two additional "mega catalysts" aren't close to being fully realized or appreciated yet in the market. These could push the price of bitcoin even higher... and not only deliver huge returns for holders of the world's most popular coin, but also boost the prices of several lesser-known cryptos by an even greater scale.

You won't find a better cryptocurrency expert than Eric...

Since launching his Crypto Capital newsletter to Stansberry Research subscribers in 2019, he and his research team have educated thousands of subscribers on the ins and outs, opportunities, and threats in the cryptocurrency world... about bitcoin and well beyond...

He has pointed subscribers toward several incredible recommendations... in addition to his analysis of bitcoin and other popular cryptos and unmatched research about many of the lesser-known cryptos most folks have never heard about.

As I mentioned, in the last five years alone, Eric has delivered 13 opportunities for his readers to collect gains of 1,000% or more. These include one position that delivered an extraordinary 2,466% profit and another of more than 5,700%. Now, as our publisher Brett Aitken wrote in a note today...

Eric believes the biggest impact this historic moment could have won't be felt by Bitcoin...

Instead, the shockwave will be far more intense for the smaller, cheaper altcoins Eric focuses on in his research service, Crypto Capital.

And until midnight ET this evening, he's sharing details on six of those tiny cryptos... each with 10x-50x profit potential... and each trading for less than $3 a piece.

This might sound like a hyperbolic claim coming from any other analyst...

But Eric's track record speaks for itself.

Check out Eric's presentation for the details.

He will explain the trends he's tracking now that have led him to make his strongest buy recommendation ever... what exactly is behind the type of crypto rally that can help you build generational wealth... and why this next wave higher might be your last chance to see gains this large again.

He'll walk you through everything you need to know, even if you're a complete novice when it comes to cryptos... and make an incredible offer to join Crypto Capital today, complete with a 120-day trial backed by our 100% satisfaction guarantee.

And one note for existing Crypto Capital subscribers and Stansberry Alliance members... You are more than welcome to watch Eric's free presentation, but just know you already have access to all his recommendations and latest research. You can find it here or in your inbox.

A few more matters...

For now, the non-crypto markets continue to tread water for a second straight week.

The benchmark S&P 500 Index, down slightly today, remains just off a new all-time high... Bond yields have been holding relatively steady as well, with the 10-year Treasury edging slightly higher but still close to 4%.

Oil prices are up 2% in the past 24 hours but still below $80 per barrel.

Once again, Wall Street is looking ahead to key inflation data... Thursday morning brings the December consumer price index ("CPI") reading.

Investors will parse the numbers to gauge what's going on with the path of inflation. A key factor will be how it might figure into what the Federal Reserve does at its next policy meeting at the end of this month... or those beyond.

Just put it on my tab...

In the meantime, trouble may be piling up with consumer spending...

According to a Fed report yesterday, consumers' total outstanding debt rose by nearly $24 billion in November after growing by about $6 billion in October. So-called revolving credit, primarily credit cards, accounted for more than $19 billion of the increase – a rise of nearly 18% from the same month a year ago.

Total outstanding consumer debt topped $5 trillion for the first time on record.

Some of this could be chalked up to the holiday spending season, but this rise in credit-card balances, along with higher borrowing costs, also signals a stressed consumer... That could portend an eventual slowdown in spending, which is the engine for about 70% of the U.S. economy, as budgets tighten.

As our colleague and Stansberry's Credit Opportunities editor Mike DiBiase explained and showed back in a November 27 Digest...

Consider the average credit-card interest rate on this growing pile of debt is also a record high − nearly 23%.

This next chart is really scary...

It shows interest payments paid by households across all types of loans. As you can see, these interest payments have skyrocketed as interest rates have risen.

Americans paid a record $540 billion in interest in September. That's not just a little bit higher than the previous record. It shattered the record. Interest payments are 50% higher than pre-pandemic levels.

This will trigger a consumer-led recession. Americans' savings have been nearly depleted and are still contracting.

How soon will enough consumers pull back on enough discretionary spending and/or default more on loans that investors will care? It's hard to say exactly, but delinquencies have already been picking up in certain sectors.

Here's more from Mike...

Many folks are running up credit-card balances just to pay the bills. This is a game that can't go on for long. We're already seeing auto and credit-card delinquencies rising at the fastest pace since the last financial crisis. I predict delinquencies and defaults will soar [in 2024].

That would spell trouble for the entire economy, but there's a silver lining... It would also be a big opportunity for the type of "safer than stocks" distressed-debt investments Mike targets in Credit Opportunities. When weak companies start to go belly-up, even the bonds issued by strong companies go on sale. Stay tuned and ready.

New 52-week highs (as of 1/8/24): American Express (AXP), Dell Technologies (DELL), Eli Lilly (LLY), NVR (NVR), Novartis (NVS), Sprouts Farmers Market (SFM), SPDR Portfolio S&P 500 Value Fund (SPYV), ProShares Ultra Financials (UYG), and Visa (V).

A quiet mailbag today... What's on your mind? As always, e-mail us at feedback@stansberryresearch.com.

All the best,

Corey McLaughlin
Baltimore, Maryland
January 9, 2024