$300 Million Per Pie: The Most Expensive Lesson in Crypto

You could be leaving a lot on the table… Published By Money & Markets, LLC. March 20, 2024 Published By Money & Markets, LLC. March 20, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Michael Carr]( Editor, [Money & Markets Daily]( $300 Million Per Pie: The Most Expensive Lesson in Crypto Money & Markets Daily, In hindsight, we know it was one of the world’s dumbest financial decisions. To most of us, it may be the single most regrettable financial misstep an individual ever made. In May 2010, Laszlo Hanyecz bought two Papa Johns pizzas. The mistake was paying for his $40 worth of pies with 10,000 bitcoins. He was an early adopter and believed bitcoin would be a widely used virtual currency one day. Acting on his beliefs, he sacrificed a fortune. Those 10,000 bitcoins would be worth about $600 million today. Even if you like Papa Johns pizzas, you must agree they’re not worth $300 million each. Hanyecz and all of us have a deeper understanding of bitcoin today than we did back then. Almost 15 years later, we know bitcoin is a store of value rather than a medium of exchange. We also know bitcoin spawned a universe of cryptocurrency opportunities. Bitcoin is no longer the only crypto. One [source]( tracks 9,161 different currencies. Finding the most profitable ones is a real challenge. --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [Make 100X Profits From Bitcoin’s 4th Halving?]( Ian King reveals how to target 100X gains in the next year from bitcoin’s next halving on a pattern he discovered studying previous halvings. [Get the full story here.]( --------------------------------------------------------------- Crack the Crypto Code The crypto universe is filled with potential winners. But not all of them are legitimate. Some coins are outright scams. However, that’s not a reason to avoid the market. Doing your due diligence and finding trustworthy resources will go a long way toward you becoming a successful crypto investor. And scams aren't unique to this asset class. Many markets have included elements of shady behavior. That includes the stock market. You may remember the Vancouver Stock Exchange, which Forbes called the “[scam capital of the world]( in 1989. Back then, stocks listed in Vancouver were associated with fantastic stories. A Saudi Arabian arms dealer even listed his company there. That stock went from $0.60 to $72, just one example of the fortunes traders could realize by picking through the scams. More recent examples include Adam Neumann convincing Wall Street that his office coworking business, WeWork, was worth $47 billion. And we can't talk about crypto without mentioning Sam Bankman-Fried and the FTX debacle. Today, the fact that scams exist in the crypto market scares some investors away. This means they’ll never get a chance to participate in securing potential gains of 1,934% ... 3,981% ... and 18,325%, all in a year or less. These are the gains from actual crypto recommendations that Ian King shared with his subscribers back in 2020. And Ian believes we could be in for more like this after the upcoming ["4th halving."]( You see, those massive runs higher came within a year of the last bitcoin halving. And now, another halving is right around the corner… Navigate the Minefield to Find Potential Fortunes Halving is an important process in the crypto community that we’ll see take place next month. Most of us may have a basic understanding of what it means, [but Ian]( has been following this market closely for years. He’s an expert at not just finding the right cryptocurrency to buy at the right time …  but also at understanding the technology. That knowledge allows him to avoid scams and coins that have no chance of a future while he homes in on the legitimate trading opportunities in this space. Perhaps most importantly, Ian knows when it’s time to sell. This means he won’t leave $600 million fortunes on the table or stay too long in a currency if conditions change. He’s my professional guide to blockchain tech and the crypto markets — and he expects the opportunities this time around to be even bigger. [Ian is now sharing his latest and best crypto research in a special broadcast you can view here.]( Until next time, [Michael Carr]( Editor, [Money & Markets Daily]( --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [Video: This is AI’s “Oppenheimer Moment”]( Celebrated 40-year AI pioneer reveals a mysterious project that could help us unlock a $22.1 trillion "age of abundance" by 2030. It might be our best bet to ensure AI is a powerful force for good, like nuclear power. And not a destructive force like a nuclear bomb. That's why it could also generate an unbelievable wealth explosion for investors. ([Full story…]( --------------------------------------------------------------- [Turn Your Images On] Fed May Raise Rates This Year Yesterday, we saw that the Federal Reserve has gotten interest rates just right for the first time in decades. But rates need to be higher to win the battle against inflation. Today's chart shows that while everyone seems to believe the Fed will cut interest rates this year, it may actually raise rates again soon. Fed Chair Jerome Powell has noted that the central “does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%.” The [chart below]( shows why. Inflation (the red line) spikes when interest rates adjusted for inflation (the blue line) are too low. The Fed has kept rates low since 2010. Rates went too low in 2022 and inflation spiked. Cutting rates too soon will push the blue line back below zero. The Fed is likely to hold rates steady. However, if inflation moves back above 4% (it's at 3.2% now) the next move in rates will be up rather than down. That will crash the stock market, and it isn't something the Fed wants to do. Even so, inflation could force its hand. Expect Powell to mention this later today at his press conference. Tracking Inflation & Interest Rates [Turn Your Images On] [(Click here to view larger image.)]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [HOW TO SPOT THE TRADE OF A LIFETIME]( - [BIOTECH IS BACK: CHECK OUT THIS $100 BILLION TREND]( - [READY TO RIDE THE CRYPTO WAVE?]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. 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