Don't Buy the New Bitcoin ETF

The first Bitcoin-linked exchange-traded fund officially launched today. It will trade on the NYSE under the ticker BITO. However, analyst Christian DeHaemer doesn’t recommend buying Bitcoin here... The first Bitcoin-linked exchange-traded fund officially launched today. It will trade on the NYSE under the ticker BITO. However, analyst Christian DeHaemer doesn’t recommend buying Bitcoin here... [Energy and Capital logo] Don't Buy the New Bitcoin ETF [Christian DeHaemer Photo] By [Christian DeHaemer]( Written Oct 19, 2021 "Skate to where the puck is going to be, not where it has been." — Wayne Gretzky In May 2016, I recommended that my Bull and Bust Report readers buy Bitcoin: By the end of 2014, no one was interested in Bitcoin. All the sellers were out. It was yesterday's news. And starting late last year and coinciding with the Fed December rate hike, Bitcoin more than doubled in price to $458, where it is today. As you can see by this one-year chart, Bitcoin is now trading with low volume with ever-higher lows and a flattop resistance point. The rule of thumb is that the trend will break out and go up as far as it went sideways. This is the “coiled spring” thesis. This would get you a price of $900 BTC... I suspect it will go even higher... [Bitcion Chart] My investment catalyst was based on Bitcoin halving that day. The amount miners were paid went from $0.25 to $0.125 per block. That was the start of a long run to $61,999, where it is now. The Crypto Rocket Is Taking off. Are You Going to Miss Out? Right now, crypto is rapidly entering the mainstream... but there’s a narrow window to get in before it truly explodes. The value of the entire cryptocurrency market is still smaller than Apple’s market cap... a single U.S. stock. But an incredible [new group of cryptos]( is poised to explode in value and drive this market into the stratosphere. Legendary analyst Christian DeHaemer, who called Bitcoin at $449 and Ethereum at $96, has prepared an urgent report on these incredible new cryptos... and you can get access when you [click here NOW.]( The Future Is Here The first Bitcoin-linked exchange-traded fund officially launched today. The new ETF comes from ProShares and will track the Bitcoin futures market. It will trade on the NYSE under the ticker BITO. BITO won’t actually own any Bitcoin, but it will give exposure to people who have brokerage accounts but don’t want to go through the hassle of getting a Bitcoin wallet or opening and funding another account from somewhere like Coinbase. I don’t advise buying Bitcoin here. It will likely be a “buy the rumor, sell the news” type of scenario. Furthermore, after running from $450 to $62,000 over the past five years, it is unlikely to repeat that type of performance. No, the way you make money in cryptocurrencies is to look at other, smaller, more niche cryptos. Cryptos like Solana (SOL) have climbed in price from $29 to $157 since July! Solana is a blockchain platform used to create mobile apps. These types of cryptocurrencies are known as altcoins. You can think of them as the small caps of the crypto world, and they have plenty of upside. [I’ve identified six of these coins and have been recommending them to readers of my trading service]([Launchpad Trader.]( Now, these aren't for everyone, and profits cannot be guaranteed, but it would be worth your while to find out before it's too late and all the easy money has already been made. [Christian DeHaemer Signature] Christian DeHaemer [[follow basic]@TheDailyHammer on Twitter]( --------------------------------------------------------------- ULTRATREND ALERT:The Most Disruptive Technology in 2021 There’s a technology riding completely under the radar that's about to make tsunami waves. If you know where to look, it could land everyday investors massive gains in the coming months. You see, this tech does much more than join society’s physical and digital worlds together… This ultratrend technology is like AI, GPS, machine learning, remote sensing, Internet of things, and many more megatrends rolled up into one. It is exactly why this budding industry is already worth $25 billion and set to grow into a massive $350 billion market in just a few years. Amazon, Facebook, Google, Apple, Microsoft, and many others have poured tens of billions into this new tech as analysts across the board say the same thing: this industry is approaching a huge inflection point where early investors are going to feast. Now is the time to jump in and buy this tiny stock. An ultratrend profit opportunity like this is spotted maybe once every fifty years. That’s why I’m sharing with you the tech firm that I believe will pave the way to absolute fortune. This young company is not just on the cutting edge of this technology in health care, but across multiple industries as well. Early investors could be staring down the barrel of quadruple digit gains. [Click here to find out how to get in on this before it’s too late.]( Browse Our Archives [Coal 2022 Outlook: It’s Back From the Dead!]( [Watch: Solar Fields Forever — Get in on the Ground Floor]( [Investing in Energy Projects That Pay Monthly Royalties]( [Buy Oil Now, Thank Me Later]( [Who Will the Sea Obey?]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Energy and Capital, please add newsletter@energyandcapital.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. 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