A few hours ago, I took my headphones off to tornado sirens blaring right outside my window. 

(Good news: the new noise-canceling headphones work.)

I’ve been in two tornadoes in my life. One flipped my parent’s car clean from its spot, throwing it thirty feet away.

On that occasion, I caught a look at the sky beforehand. It’s true what they say. The sky took on an otherworldly green tint. Then, a strange calm settled in. The air became still. And then, indeed, there was a sound of a freight train rushing in.

I tend to take any potential third tornado seriously. (Without going overboard.) Fortunately, this time the freight train never came. Then I checked the price of Bitcoin.

Narrative Follows Price

Just like the eerie calm before a tornado, the markets can also show signs of potential turbulence. That’s what we saw over the weekend. Normally, as was the case with the blaring tornado sirens today, the hype is worse than the bite.

(One commentator, whose name rhymes with Sweeter Sniff, predicted Bitcoin was going to crash below $25,000. Unlikely.)

Volatility is the name of the game. And it’s important to keep in mind: narrative follows price. People think it’s the other way around. People come up with clean explanations for volatility after the fact -- most of the time they have no idea.

This rings even more true in crypto. So was it Iran that cause the crash? Taxes? Sell the news? We don’t know. What we do know: Crypto is still one of the biggest asymmetrical bets in history.

The Next Big Thing

So far this week…

We’ve talked about the halving cycles… and what to expect post-halving. (So far, our five phases of the Bitcoin cycle has been on track.)

We’ve talked about “Crypto Brood X” -- and the idea that a pack of cryptos will benefit most post-halving. (On top of that, we have our Great Crypto Consolidation thesis -- more later.)

BUT what we haven’t talked about is our new Early Stage Crypto recommendation -- a bonus to our six coins report. (James talks about that report here.)

In short…

Another altcoin is positioning itself at the tip of a very long spear…

A spear that could drive its valuation into the hundreds of billions of dollars.

Two words:

Tokenize Everything

The trend in question is the tokenization of real-world assets (RWAs).

According to reports from CoinDesk and the Boston Consulting Group, the market for tokenized assets could grow to a staggering $6-10 trillion by 2030 -- an opportunity bigger than the entire gold market.

Blackrock's recent launch of the BUIDL fund is just the first sign of this trend slipping into the mainstream.

So, what is this mysterious project doing to capitalize on the RWA boom?

Well, it has already formed partnerships with giants like Amazon Web Services and Tencent Cloud…

Proving its ability to bring blockchain technology to enterprises and governments worldwide.

But that's not all.

The project has also showcased crazy performance, with its test network hitting 100,000+ transactions per second. This scalability could prove invaluable as the tokenized asset market grows.

And even bigger news…

Just recently, a major American investment bank successfully conducted a proof-of-concept for private fund tokenization on the project's network.

Now, here’s where the rubber meets the road.

Regulations Are Coming

The key advantage of this blockchain is its customizable infrastructure. It allows for tailored solutions that meet the compliance needs of different markets.

This flexibility is crucial when dealing with the complex regulatory landscapes surrounding tokenized assets.

With a relatively low circulating supply and a well-designed tokenomic model, this project's native token could be poised for significant price appreciation as adoption and utility grow.

Of course, the project's success is not guaranteed, but the pieces seem to be falling into place.

As the real-world asset tokenization narrative gains traction and the project continues executing its vision, this could be one of the most undervalued opportunity of 2024.

(Alongside, of course, another RWA play we recommended three months before Blackrock announced its BUIDL fund.)

If you’re an Early Stage Crypto Investor member, it’s the latest play in our portfolio.