He Saw $100,000 Bitcoin Coming This Year

The best of 2024... Eric Wade's case for $100,000 bitcoin... The craziest thing you can do with your money... This 'reboot' is a likely catalyst... How the best crypto investing works...

Editor's note: Today, we have the finale of our holiday-season series of essays. This time, we're revisiting our April 9 Digest, which included what proved to be a prescient call from our Crypto Capital editor Eric Wade...

As you'll see, Eric called for bitcoin, the world's most popular cryptocurrency, to hit $100,000 by the end of this year – back when this wasn't a popular thing to say. And that's exactly what transpired.

We highlight this essay not only as kudos to Eric for his prediction... but also to point out that as we head into 2025, Eric is still bullish on bitcoin and many other cryptos. In fact, he says a crypto "supercycle" is here... You can learn more about that here.

Crypto Capital editor Eric Wade made his case...

In a brand-new free presentation [in April 2024], Eric shared why he thinks a "Melt Up" is coming in cryptocurrencies... why he expects the price of bitcoin, the world's most popular crypto, to hit $100,000 sometime this year... and why many other smaller, lesser-known cryptos could soar by thousands of percent starting later this month...

As Eric explained, the catalyst is a bitcoin "reboot" that's happening in a matter of days... and it will strengthen the crypto's position as the "ultimate alternative to the U.S. dollar."

That's right, this bull run in bitcoin – and many other lesser-known cryptos – has a lot to do with inflation, the Federal Reserve, and U.S. government spending that has gotten unimaginably out of hand. As Eric said...

The Fed has done nothing but inflate away the U.S. dollar since 1914. Meanwhile – our government has borrowed so much money that we are now paying almost $1 trillion a year, just to cover the interest on our debt.

Through all this printing and borrowing, our government has quite literally destroyed the U.S. dollar. And that's why I believe the craziest thing you can do with your money is to not consider alternatives, like crypto.

And as Eric explained, there's no better time to get into the crypto sector.

The 'reboot' catalyst...

The reboot Eric spoke about is the fourth in bitcoin's relatively short history. And it has proved to be a massive spark for higher prices each time. Bitcoin soared by an average of more than 4,000% after each of the past three reboots...

This is by design. This reboot – baked into bitcoin's code – was invented "for the sole purpose of doing the opposite of the Fed and keeping the supply at a fixed number," Eric said.

Now, think about what we've been talking about in the Digest over the past few months...

The Fed seems intent on cutting interest rates and weakening the relative strength of the U.S. dollar, all while inflation numbers have been reaccelerating. Even if the pace of rising prices slows ahead, as long as fiat currency exists, inflation is sticking around.

Meanwhile, bitcoin has recently been trading above its previous all-time highs of 2021 and hit a new all-time high of around $73,000 before pulling back to around $69,000 today...

The longer bitcoin trades above its 2021 highs, the more it looks like those previous highs have turned into technical "support" rather than "resistance," which means there's more upside potentially ahead.

Eric expects sentiment around bitcoin to take off again later this month with the reboot. That's why he thinks bitcoin could hit $100,000 later this year, even after recently hitting a new all-time high... being up 56% since the start of the year... and up nearly three times since last summer. As Eric said today...

The crypto rally that we've seen this year is just the beginning.

That goes for the "headline" cryptos like bitcoin and Ethereum, plus many lesser-known "altcoins" you probably haven't heard of that could rise by thousands of percent...

For example, the last time there was a reboot like this, in 2020, Crypto Capital booked 10 different 100%-plus gains, including a 10X return in just 36 days on a crypto called Frontier.

How the best crypto investing works...

With big potential gains in a young asset class, there's risk, of course.

That's why, as we said on April 8, the key to these Melt Up periods – in stocks, cryptos, or anything else – is to get positioned the right way before the crowd and then know when to take profits. Eric reiterated this idea in his presentation today, saying...

You have to know which coins to buy... and then, when to sell... to potentially book those ridiculously high gains. Because these cryptos can be risky – and most folks don't know how to handle risk.

Eric does. In March, he told subscribers to book a 219% gain in just 35 days on an "AI crypto" that he recommended. For further evidence, you can see Eric's biggest winners in our Stansberry Research Hall of Fame.

So be sure to listen to Eric to get the details on what he sees coming for cryptos next... how he suggests positioning yourself for the biggest possible gains this year... and why this could be the "last and biggest mania" in cryptos we ever see.

Editor's note: Despite bitcoin having already hit $100,000 this year and up nearly 130% over the past 12 months, Eric does not think the bull run in cryptos is finished... And, more recently, he shared details on another big reason why...

Ahead of November's presidential election, Eric was explaining that no matter who won the White House, growing bipartisan support for cryptocurrencies was creating a groundswell so big, it could help push the price of bitcoin and other cryptos even higher.

You see, crypto execs funded political campaigns at record levels this election cycle. That includes almost $120 million this year in contributions... all to ensure a positive future for cryptocurrencies with government support.

And with Donald Trump headed to the White House for a second time, this trend has become abundantly clear given some of the folks the president-elect has picked to fill out his cabinet and high-level staff thus far.

This was another great call by Eric. And here's the thing... Now he's saying cryptos still have more room to run in an ongoing supercycle. With bitcoin already shattering its all-time high, he says you'll next want to buy six cryptos – each with 1,000% upside.

You can get all the details from Eric here, starting with why he thinks Trump's election is about to kickstart the "biggest crypto bull market in history"... how a proposed crypto plan by the president-elect could solve our inflation crisis... and much more.

We're skipping our 52-week high list and the mailbag for one more edition as our team takes some deserved time off this holiday season. We'll pick back up with our "regular" fare on Thursday, following the New Year's Eve and New Year's Day holidays. In the meantime, as always, send your comments and questions to feedback@stansberryresearch.com.

All the best,

Corey McLaughlin
Baltimore, Maryland
December 30, 2024