Election, BRICS, and a Bitcoin Boom
Posted October 28, 2024
Chris Campbell
Something big is brewing.
And right now…
The pot's about to boil over.
In short, this week could be one of your last chances to get Bitcoin under $70,000. By the time you read this, it might be too late.
BUT, that said…
There are even bigger opportunities afoot.
Today, I’m going to lay out the bull case… and show why Bitcoin is looking strong today.
No less, we’ll talk about the latest crypto report from James. And why he’s releasing it now.
Bitcoin Always Knows
Here’s something few are talking about: The Chinese are printing money like it's going out of style. Not that you'd hear about it in the mainstream news. But Bitcoin knows.
Bitcoin always knows.
Here’s the thing…
When the Chinese government prints money to paper over the cracks, their smart money doesn't sit around waiting to get devalued.
It usually flows into three things: Bitcoin, gold, and dollars.
After years of being beaten down, gold's having one of its best years in decades. But here's the secret -- whatever gold does, Bitcoin's going to do it bigger.
Much bigger.
Since last November, when China started their printing spree, Bitcoin's been moving in near-perfect correlation with the People's Bank of China's balance sheet. Over 80% correlation, maybe even 90%.
Again, few are talking about it.
But here's why this matters right now: This could be the beginning of a huge breakout in the crypto markets.
Bitcoin broke above its July high, and historically, that's led to new all-time highs over 90% of the time. The only times it failed? COVID and the 2022 bear market.
That's it.
But, then we have another flashpoint in the mix:
Election Bombshell
VanEck's head of digital assets, Matthew Sigel, was on CNBC this morning talking about Bitcoin. And there was one thing he said that left the normally talkative hosts speechless:
The BRICS countries - Russia, China, and their new pals - are playing 4D chess with Bitcoin.
Three of their new members are mining Bitcoin with government money. Moreover, the BRICs are planning to build Bitcoin mining and AI datacenter operations throughout BRICs countries.
Then, he dropped the final bombshell:
The US election could be the major flashpoint for Bitcoin’s rise to new heights.
If you’ve been following our daily screeds the past couple of weeks…
You know James made a similar prediction for the elections.
But, unlike VanEck, James is focusing on the investment opportunities that could run circles around Bitcoin in 2025. (And it has to do with one major trend that’s set to explode next year.)