Crypto’s Black Friday

Flashbacks from 2020… [Altucher Confidential] December 02, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Two years ago, we had exactly this kind of opportunity. Everyone ignored it and missed out big time. [Hero_Image] Crypto’s Black Friday By Chris Campbell Attention! Before You Read Any Further… [Click here for more...]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( [Chris Campbell] CHRIS CAMPBELL “Ignore the market panic and buy Shell stock!” That was James in 2020. People were panicking. But not James. While everyone else was tucking their tails under their legs and running scared, he spotted a brain dead simple opportunity for huge gains. If you were following James around that time, you know what happened next. If not… Below, James will explain what happened… how it turned out… and reveal a VERY similar opportunity he sees in the crypto markets right now. Before we go there, though… DID YOU MISS OUT? Were you there? As you may know, I’ve been pounding the table about an event all week. As promised… Rickards… Blanco… Altucher… They all came together on camera to discuss an investment opportunity they can all agree on. (A hard thing, by the way, for three contrarians.) You won’t find it listed on any stock, bond or crypto exchange. It’s got nothing to do with gold, raw land, or real estate, either. Even so, in the last recession it helped make some investors as much as 240-times their money in just two years. And not only did these guys go on camera to tell you about this investment… They’re also inviting you to partner up and buy in alongside them. The only catch: This deal could fill at any time. In case you missed it… Click the “play” button or the link below the video to watch. [Click here for more...]( [>> click here right now to watch.<<]( And read on. “The Mainstream Media Is Lying To You!” The media would have you believe that the worst of the supply chain issues are over. But the opposite is true… Behind the scenes, things are getting much, much worse. Bob Biesterfeld, CEO of one of the biggest logistics firms in the world, warns “the pressures on global supply chains have not eased, and we don’t expect them to any time soon.” This is going to impact every American’s life in a potentially major way… And I’m urging everyone I can to prepare now. [To see the #1 move to make before this problem gets any worse, click here now.]( A Black Friday Deal on Crypto James Altucher More than anything else, I love getting a good deal on an investment opportunity. Two years ago, we had exactly this kind of opportunity. It was the beginning of the pandemic and the world seemed to be heading for collapse. Airlines were canceling flights and mall parking lots sat empty as people stayed home to ‘shelter-in-place.’ With the collapse of travel, the price of oil fell through the floor. At one point the price of oil went negative… meaning some lucky traders were actually being paid to take oil off the hands of big companies. As you’d expect, stocks of big oil companies were collapsing along with oil prices. At the time I was doing daily livestreams to discuss the market, politics, and pandemic news. Day after day, I told viewers that there was one investment worth buying… Royal Dutch Shell (SHEL). The British oil company was trading at the lowest price in more than 26 years. Although oil prices were sinking, there was no chance that Shell - the 5th largest oil company in the world - was going to go bankrupt. “Ignore the market panic and buy Shell stock” I repeatedly told viewers of my livestream. Some trolls on the livestream laughed at me and called me an idiot. Two years later, that investment is looking pretty good. Shell stock is up over 132%... on top of the 8% annual dividend. The strategy I used isn’t rocket science. Anyone who’s familiar with Ben Graham will tell you that markets are irrational, and the best time to buy is when markets are overly negative. Investors who ignore the negativity and focus on the long term consistently win. Perhaps the biggest area of negativity right now is in cryptocurrency markets. With the collapse of FTX, many investors have lost cryptocurrency fortunes in a matter of months. Investors who were on the fence about cryptocurrency have abandoned the idea of investing altogether. Cryptocurrency markets have been absolutely crushed. This has caused some investors to believe that the worst is yet to come. They believe that the collapse of FTX is just the start… and that other cryptocurrency exchanges, like Coinbase, could be next. They are so filled with fear, they don’t even realize the insanity of their own position. For starters, Coinbase is nothing like FTX. Unlike FTX, Coinbase is a publicly traded company audited by one of the most respected accounting firms in the world. By law, the company is required to keep tight control of its records and accounting. Where FTX was run by a dozen twenty-year-olds from a frat house in the Bahamas, Coinbase is a professionally run organization supervised by professional accountants. Which brings us to the big opportunity… With the collapse of FTX, trust in exchanges and crypto financial institutions is at an all-time low. Following FTX, news reports began to trickle out that crypto brokerage Genesis Trading could be in trouble. Genesis is owned by Digital Currency Group, which is also the parent company of two crypto stocks: Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). These stocks are like ETFs: GBTC owns positions in Bitcoin and ETHE has positions in Ethereum. Here’s where things get interesting… Because one of the companies owned by DCG is in trouble, investors are suspicious that these funds might be in trouble too. Because of this, investors are now selling these funds at a massive discount to their holdings. As of this morning, each share of GBTC trades for about $9, despite the fact that it is entitled to $15.60 worth of Bitcoin. The situation is slightly better with ETHE…. Shares of ETHE trade for $6.78 but are entitled to about $12.71 worth of Ethereum. This means that investors can basically get two Ethereum for the price of one. Of course, there are some drawbacks here. For one thing, if these funds are actually in trouble, the price could theoretically go to zero. However, I believe this is extremely unlikely. Grayscale stores the cryptocurrency owned by GBTC and ETHE with Coinbase. And, like Coinbase, GBTC and ETHE are publicly traded, which means they are subject to the same level of strict supervision. For this reason, I believe the risk of owning GBTC or ETHE is not much greater than owning Bitcoin or Ethereum stored on Coinbase. But, perception is reality. In this case, investors perceive there might be a problem with the Grayscale trusts, which has caused them to lose value. The dust is still settling with the fallout from FTX, so there's a chance that the discount could get even bigger. However, from my many years of trading, I’ve learned not to be greedy. The discount on these shares is excellent at today’s rate. It's worth noting that there are some tax and fee downsides to owning these trusts as well. However, I believe the massive discount more than compensates for those specific costs. For long-term investors, I believe this is a low-risk way to basically double the size of their crypto investments with only a slight increase in the amount of risk exposure. For investors who are bullish on the long-term potential of Bitcoin or Ethereum (I prefer Ethereum), these funds look like a rock-solid deal. Sincerely, James Altucher For Altucher Confidential Urgent Notice From Paradigm CIO Zach Scheidt! [Click here for more...]( Hi, Zach Scheidt here… I’m the Chief Income Officer at Paradigm Press. With inflation raging (and showing no signs of coming to an end any time soon), almost everyone in America is feeling the pain in a big way. Which is why, several months ago, I set out on a big mission… my goal was to create a [complete, step-by-step plan to surviving and beating inflation…]( one that anyone could take advantage of. Today, after hundreds of hours of research, I’m revealing all of my findings. [Simply click here now to see how to survive America’s deadly inflation crisis.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. 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