Update - April 11, 2023

Bitcoin Hits $30K!

Crypto is back.

The mainstream press hasn’t caught on to this year’s rally… but it will soon.

If it doesn’t, it’s a crime.

The price of the king of the crypto world – Bitcoin – once again went above $30,000 today. It has surged by 81% so far this year.

The S&P 500? It’s up just a handful of points.

Where would you rather have a few bucks?

The reason this highly speculative asset class is soaring has everything to do with our Modern Asset Portfolio and the unique but proven theory behind it.

Money goes where money is treated best. Interest rates dictate where that is.

When rates are low and money is cheap, we can’t lock our money up in a bank and get a solid return. The idea of a 5% CD rate was unthinkable just two years ago. But as it became reality over the last 18 months, money flowed out of speculative banks and into safer assets, where the return may be lower but is still strong… and guaranteed.

At the end of 2022, total net assets in money market funds rose to $4.8 trillion… a fresh record.

“It’s a mountain of money!” said Bank of America’s Stephen Suttmeier. “While this seems contrarian bullish, higher interest rates have made holding cash more attractive.”

But now investors are starting to predict that interest rates are nearing their peak. Some folks believe the Fed will begin cutting rates later this year.

If it happens, it would bust up that mountain of money and create an avalanche of cash flowing into more speculative assets.

That’s why we’re seeing crypto quietly surge higher. Savvy investors are getting ahead of the wave.

As momentum grows and yield-seeking speculation comes back to the market, the trend will gain speed, sending prices dramatically higher.

Another double (and a fresh record) from Bitcoin doesn’t seem all that improbable when we’re looking at $4.8 trillion sitting in low-yielding money market funds. Only a fraction of that cash needs to head into crypto to send prices soaring.

Our portfolio is positioned well.

We’ve held Monero (XMR) through all these ups and downs. We’re up 68% on it.

It’s finding buyers among the crowd looking for some speculation… and folks looking for a banking sector alternative have been bidding the price higher in recent weeks.

From here, the future only looks rosier for crypto.

Own some.