$500,000 Bitcoin, How to Trade It, and Wrapping Up Our Annual Conference
Greg Diamond and Eric Wade come together for an urgent briefing... Why you should be bullish on bitcoin now... Watch the briefing here... Alliance Day in Las Vegas... AI debate, stock picks, and more... Some good news on inflation...
We're wrapping up things in Vegas today...
Today marked the third and final day of our annual Stansberry Conference – Alliance Day, the exclusive slate of presentations, spotlight sessions, and stock picks from our editors and analysts for our Stansberry Alliance partners.
We'll get to some highlights from the Aria Resort & Casino in a moment, plus a market update. But first, I (Corey McLaughlin) want to again make sure you know about the urgent briefing that I mentioned yesterday and offer a little more detail...
Different backgrounds, same conclusion...
Our Director of Research Matt Weinschenk sat down with two of our most successful analysts – Ten Stock Trader editor Greg Diamond and Crypto Capital editor Eric Wade – to record this briefing before we all gathered here in Las Vegas for the conference...
Longtime readers and Alliance members know that Greg's and Eric's moneymaking approaches could hardly be more different, even when it comes to the asset they're both bullish on...
Greg is a veteran technical analyst. As we've mentioned in these pages before, we see him as a direct descendant of Paul Tudor Jones, and he employs a repeatable "time and price" trading method in Ten Stock Trader...
Meanwhile, Eric is more the entrepreneurial type. For example, he had the foresight to buy the domain name wallstreet.com in 1994 for only $7 and later sold it for more than $1 million... And he started mining bitcoin way back in 2013...
But right now, they both agree that it's time to be bullish on – and to get ready to buy more of... the world's most popular cryptocurrency...
Their call: $500,000 bitcoin...
Bitcoin – which is trading around $84,000 today – is positioned to soar from its current levels, they say.
Greg's conclusion is rooted in his technical analysis of price movements, as he explains in his presentation. It's the "most important chart in the world" and a "home run" opportunity that is "the best risk-reward setup I've seen in my career," Greg says.
Bitcoin could go as high as $500,000. And he explains exactly why.
Meanwhile, Eric says bitcoin's fundamentals remain strong – its inflation rate cannot go above 1% given supply constraints. And sentiment around it is a mix of bitcoin being "obvious" and "contrarian" to the American financial system.
"It hasn't lost that," Eric says, despite more mainstream adoption of cryptos in the market.
They both see bitcoin emerging from a period of "fear" into one of "greed."
If you get positioned the right way, you could make 5 times your money in bitcoin. Plus, Eric has identified some other trades that could deliver even greater gains as positive momentum builds in the crypto space.
You can hear more about that in the briefing – along with Greg's specific game plan to double your money many times along the way. And if you're already one of Greg's Ten Stock Trader subscribers, click here for a new special report with the details.
When Matt heard what both Greg and Eric are thinking right now, he knew he had to get them together to get the word out...
At Stansberry Research, we're proud of the independence our editors have in their recommendations. We don't want a dozen people repeating each other. We want folks with different investing philosophies, different strategies, different skill sets, different experiences...
But when these different folks do come into alignment, coming at the same recommendation in completely different ways, that's especially powerful.
That's what we have with Eric, our master of cryptocurrency fundamentals, and Greg, our technical-trading guru.
"Really everything is lining up for bitcoin right now," Matt says: politics, interest rates, fundamentals, and technicals.
The type of move that could come next doesn't happen often. And Matt notes that according to Greg and Eric, "There's still a chance for you to get ahead of it."
Watch their briefing and learn more here – for free.
The scene at Alliance Day...
We peel our eyes off bitcoin's chart to get back to the conclusion of our annual conference in Las Vegas. As I mentioned, today was Alliance Day, the exclusive conference day for Stansberry Alliance partners. As always, it was chock-full of stock picks and panels with our editors.
Things started off this morning with a debate between Stansberry Research senior analysts Gabe Marshank and Alan Gula about the AI boom, or bubble... for a special episode of Top Stocks recorded in front of a live audience at the conference.
While both agreed that AI is a commodity, they disagreed on the path ahead for the boom in the coming years.
Alan's bullish... He projects growing rates of AI revenue for businesses like the data-center hyperscalers that will exceed their cost of capital, even with massive spending.
He sees the likes of Alphabet (GOOGL) and Amazon (AMZN) already starting to turn to profitability with cloud revenues, he said.
Gabe's bearish... To him, AI spending levels would need to reach about 15% of U.S. GDP by 2030 to meet current market expectations for demand. Eventually, supply will exceed demand for AI capacity, and prices will wane.
He also warned against the lack of visibility in the current deals among major AI players, and projects that data-center investments will deliver negative returns as soon as 2027. AI tools make for "great products," he said, "but not great investments."
Gabe recommended buying other great businesses with long-term staying power. To him, the real winners of the AI boom will be "those who benefit from low token prices" (the cost to use AI tools), which he also talked about on the main stage yesterday.
Meanwhile, Alan shared a list of publicly traded stocks that he says will benefit from the ongoing boom, from his favorite "full AI stack" businesses to semiconductor makers and power/energy companies.
Alliance members were then treated to a pair of terrific main stage presentations. The first came from John Carter, the founder of Simpler Trading. John ran through his favorite stocks to own and trade as a way to offset constant currency debasement amid the tailwinds for AI.
Longtime Ogilvy advertising executive Rory Sutherland followed with a thought-provoking talk about psychology and lessons to apply to business and investing... and he signed copies of his book, Alchemy, for attendees afterward.
Bull, bear, B.S. – and stock picks...
The day continued with our fan-favorite "Bull, bear, or B.S.?" panel. Every year, our director of research fires off popular topics of the day to our editors, who share their takes. The questions started with "Will AI kill us all?" and the discussion continued with AI's "circular deals," the recent surge in interest rates, and U.S. debt.
And then came the stock recommendations, which we always see Alliance members jotting down as soon as our editors announce them – and for good reason.
At last year's conference, for example, analyst Erica Saint Clair recommended memory-chip maker Micron Technology (MU). You may recall that the stock went parabolic earlier this year. It's up about 440% since Erica recommended it last October.
Alliance members in the room and watching online got a new batch of names to buy today.
With that, I'm signing off from Vegas. But we expect to share more insights from the conference in these pages over the next week.
Also, I want to say it was nice to meet so many subscribers in person, talk about the Digest and our newsletters, put some faces to names, and get to know you a bit more. Safe travels home.
Tonight's our closing reception, and we've got an early flight in the morning. My colleague Nick Koziol closes things out from here with a market update, and he'll bring you tomorrow's Digest as I fly back east.
Some good news on inflation...
This morning, the Bureau of Economic Analysis' personal consumption expenditures ("PCE") inflation report came in cooler than expected.
In August, PCE rose 0.3% month over month and 3.4% year over year. Wall Street had expected that month-over-month growth, but year-over-year inflation came in below the 3.7% estimate.
Also, core PCE (excluding food and energy costs) rose 0.2% month over month and 3% year over year, both lighter than what Wall Street had been expecting.
Here's one caveat: The bureau changed the way that it measured price changes in three categories – Portfolio Management and Investment Advice, Computer Software, and Legal Services.
According to the Kobeissi Letter, a financial commentator, those changes alone could have reduced core PCE by 0.2%.
Still, when you look at the past three months, the latest inflation data looks even better...
As the Wall Street Journal's Nick Timiraos posted on the social platform X, core PCE has risen at an annualized rate of just 2% over the past three months. That would put inflation right at the Federal Reserve's target.
And that changes the Fed's interest-rate outlook. As we mentioned yesterday, the Fed expected one more rate hike to come in 2026. But that may not be the case anymore...
According to CME's FedWatch, the market is now pricing in a 63% chance of a "hold" at the October meeting, up from 29% a week ago.
That's exactly what investors wanted to see today... at least for a while.
All three major U.S. stock indexes rose at the open, before giving up their gains. Tech stocks led the way, and the Nasdaq was the only big index to finish higher today.
In the end, even good inflation data couldn't overcome the ongoing march higher in government debt yields. This is going to be an ongoing push-pull between stocks and yields. And it's something we're going to be watching closely.
New 52-week highs (as of 9/29/26): Alpha Architect 1-3 Month Box Fund (BOXX), Twist Bioscience (TWST), Invesco DB U.S. Dollar Index Bullish Fund (UUP), and Waters (WAT).
In today's mailbag, more discussion about gasoline prices... and feedback on tech investor and commentator Dan Ives' thoughts about AI, which we wrote about in yesterday's Digest... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.
"The problem with the Gas/(wine, coffee, water) comparison which [Subscriber Susan H.] failed to mention is that there are much cheaper alternatives to the $230/gal wine, $48/gal coffee, and $16/gal water. There is no alternative to the $4.69/gal unleaded fuel in my town, other than drive less, which is not always possible. Also, except for water, most of us don't have to drink the other two. While we also don't have to drink gasoline, our cars do!" – Subscriber Luis A.
"Don't forget the high cost of Printer ink for your home computer printer. Price per gallon on that is CRAZY." – Subscriber Brian H.
"I'm old enough to remember gas at 19 cents a gallon. At 16 years of age, minimum wage was $2.35 or so. The difference from then to now is inflation. Money actually had value back in the 1960s. Now it is almost worthless... Listen to Stansberry Research for good advice. My stocks are up 90% thanks to Stansberry." – Subscriber Mark M.
"I agree with what Dan Ives said at the Las Vegas annual meeting... the AI party is just getting started.
"I am a retired engineer that has worked in multiple high-tech fields during my career. I still follow trends in technology. I compare AI to tools (which it is). If the first tool was a rock tied to a stick to make a hammer, we are probably at the screwdriver phase now. Power tools and certainly battery powered tools haven't happened yet. There is a lot of uncertainty and questionable publicity right now about AI. That is common of all technologies. I read once that after the car was invented, an "expert" said the human body would explode if it traveled faster than 50 miles per hour..." – Subscriber Jack F.
All the best,
Corey McLaughlin with Nick Koziol
Las Vegas, Nevada
September 30, 2026