Update - August 16, 2022

Watch This Space Closely… Things Are Starting to Heat Up

Just a short note today… as I’m on my way to Europe to meet up with a few subscribers on a cruise.

I’ll keep you updated.

But I wanted to write you today about a subject that folks aren’t paying attention to right now… but should be.

Take a look at Monero (XMR). We’re up 75% on this ultra-encrypted crypto, which we got into back in September 2020.

But look at the action over the past eight weeks…

The coin’s price has surged nearly 60% in just a couple of months.

The reason is pretty simple. It’s something we talk about all too often… real interest rates. Despite Jay Powell’s hawkish pressure, real interest rates have dipped significantly over the last few weeks. At one point, they were just a few basis points away from dipping into negative territory once again.

As we know, the lower rates are – and the cheaper money is – the better speculative assets will treat us.

Right now, everybody is talking about the correlation between crypto and stocks, especially tech stocks. Bitcoin is a proxy for the Nasdaq, they say.

That’s true… but it’s quite a leveraged proxy. Few tech stocks are climbing like many cryptos are right now.

But there’s something else that’s starting to drive crypto demand. It has to do with something the folks behind Ethereum (ETH) have been teasing for years.

According to the latest data, it appears this bellwether coin is just weeks away from making a big switch to its model. It’s working on transforming from a “proof of work” concept to a “proof of stake” concept.

It’s a big deal. Ethereum’s breaking from the expensive and highly inefficient model brought to us by Bitcoin and turning toward what is quickly becoming the industry standard.

It means a lot of things. But for us, it means renewed attention to the crypto space.

So if you’ve been overlooking crypto – especially during this so-called crypto winter – you may want to think again.

We’ve got speculative dollars flowing into the market and a big catalyst coming for the industry… not to mention that we’ve seen some big moves from some very big players (e.g., BlackRock) in the last few weeks.

It’s a space to watch.

In fact, I recently recorded a brand-new interview on my absolute favorite way to play this quickly unfolding situation. It’s a tremendous opportunity to get in on something at the absolute earliest stage.

As a Manward Letter subscriber… you can be sure you’ll be among the first to know when my big interview goes live.

Stay tuned. It will be online very soon.

Things are starting to heat up.

I’m excited.