What a Surging Bitcoin Means For You

There are some eye-popping returns to be made right now. [The Rude Awakening] February 29, 2024 [WEBSITE]( | [UNSUBSCRIBE]( What a Surging Bitcoin Means For You [Sean Ring] SEAN RING I know what you’re thinking when you read headlines like the above. “Seanie, my friend, I don’t have $63,000 to spend on a ‘coin’ that doesn’t even exist.” After all, a “Bitcoin” is just an entry in a distributed ledger. It isn’t tangible. You can’t hide it in a safe with gold and silver coins. (Although you can hide the cold storage device on which you’re storing your Bitcoin.) It’s just too pie-in-the-sky for most investors now. And buying a few “Satoshis?” Who wants to do that? Satoshis are the smallest denomination of a Bitcoin. There are one million satoshis to every Bitcoin. And let’s face it: when Bitcoin was $16,000 only four months ago, no one wanted it. It was still too expensive for most. But I’m not here to tell you to buy Bitcoin. I’m here to tell you why Bitcoin’s high price is a signal that there are vast opportunities out there for you. Find, Listen, Invest A few weeks ago, I mentioned my friend, G, a former partner at Goldman Sachs. He never told me explicitly, but I’m sure he’s worth over $100 million. We were in the pub when I asked him, “How do you do it? What’s the secret of your success?” He said, “Honestly, about three people in Goldman know what they’re talking about. I listen to everything they say and invest accordingly.” While I thought that was great advice, I haven’t been able to apply it until now. All of my colleagues at Paradigm are worth listening to. But right now, two of them are on fire with their calls. And I, myself, have profited immensely from listening to them and investing accordingly. So, while I agree with Jim Rickards’ macro picture, I’m still taking advantage of opportunities that my colleagues James Altucher and Ray Blanco present to us. Altucher’s Golden Touch One of the Rude’s Four Pillars of Wealth is to “dip your toe in crypto.” And for most new investors, I recommend a bit of Bitcoin, but no more than 2% of your wealth. Small ball. If you lose it all, it makes no material difference to your retirement. But I’ve learned that when Bitcoin is soaring, the other coins also fly. Usually, this coincides with a bull market in tech stocks. First, the crypto. James has been very public in his support of Render (RNDR). I was late to James’ Render party. But since I bought it last November (James recommended it at the Paradigm Shift Summit in Las Vegas in October), my RNDR position is up 182.18%. Two other coins James liked and I bought are up 222.86% and 173.54%. Then there are James’ stock picks, as well. As a Bitcoin rise is good for the rest of the crypto ecosystem, Apple innovations are great for the tech sector. But James isn’t recommending AAPL, which is already expensive for most. James is looking at [a tiny $2 company crucial to Apple’s Vision Pro](. It has the potential to double or triple your money before the end of the year – and it could skyrocket 1,000% over the next three to five years. For full disclosure, I’ve already invested in[James’ pick](. It can’t hurt to look. [Click here to learn more]( Blanco’s Ballsy Calls My colleague Ray Blanco has been steaming hot lately as well. From Ray’s [Catalyst Trader]( This week, our Catalyst Trader open position Viking Therapeutics Inc. (NASDAQ: VKTX) reported 13-week Phase 2 trial data for VK2735, its own in-house developed GLP-1 drug VK2735 has the added benefit of also targeting GIP receptors, boosting its metabolic effects. The effects of Viking’s drug are amazing. At a weight loss of 14.7% from the start of the trial, 13-week data shows a benefit almost twice as good as Eli Lilly’s Zepbound, which in turn is superior to Novo Nordisk’s Ozempic. And it did so with competitive tolerability. The market’s reaction to the data is also stunning, with shares of VKTX surging 150% since the data release as I write this, putting us at a gain since we entered VKTX in December of over 400%. Not bad for a catalyst trade in just over two months! I am going to recommend we take some profits today, but leave some money on the table for further gains. After a 400% gain, Ray recommends liquidating half the position and holding onto the other half for further gains. Again, for full disclosure, I still own 100% of my position in VKTX. Ray also had another big winner this month: Congratulations! Shares of IOVA are up 75% since the FDA announcement earlier this week, and they’re up over 100% since I brought this immune cell therapy specialist to your attention last August. Let’s take a profit, although I recommend we only sell half of our original position. This brings us two advantages. We derisk our original capital that was deployed when we bought Iovance in August. Doing that means we’ll just be playing with “house money.” With Iovance’s large number of clinical trials using tumor-killing TIL technology, as well as other cancer-killing immune cells for the treatment of non-tumor blood cancers like leukemia, that “house money” could multiply like TILs in a growth culture as the company matures its huge pipeline. Disclosure: I have no position in IOVA. Both James and Ray have hit it out of the park lately! Wrap Up The world’s on fire. Of that, there’s no doubt. In fact, today’s Morning Reckoning, coming out in a few hours, starts like this: It’s bad enough that Joe Biden is the worst president in US history. That Antony Blinken is a terrible Secretary of State makes matters worse. Secretary of Defense Lloyd Austin can’t be bothered to clock in nowadays. Attorney General Merrick Garland leaves no impression he’d have been a great SCOTUS justice, seeing his Department of Justice isn’t worthy of its name. And due in no small part to National Security Advisor Jake Sullivan, the world is on fire. But Janet Yellen? My goodness, Treasury Secretary Janet Yellen takes the cake. But even though losers lead us, it doesn’t mean there aren’t any bargains. Find the right people, listen to them, and take action. That’s it. You can do it! All the best, [Sean Ring] Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( P.S. I made a mistake in yesterday’s Rude. Regarding the Democratic nomination, I wrote, "My colleague Jim Rickards thinks it’ll be Michelle Obama. But it would be fascinating to see what Haley would do if the Democrats courted her. There’s no real difference between their positions on the issues." Jim did a YouTube video on Michelle Obama, but that's not his prediction. His main prediction is that Joe Biden gets the nomination but drops out of the race, and Newsom gets the delegates. I apologize for getting Jim’s position wrong. In Case You Missed It… Nikki Says, “Just a Flesh Wound!” [Sean Ring] SEAN RING Monty Python and the Holy Grail is one of the funniest movies ever made if you like British humour (appropriately spelled with an “o.”) Or if you like smoking weed while you watch movies instead of inhaling popcorn. There’s [one hilarious scene]( where Graham Chapman’s King Arthur travels across England and must cross a bridge. Guarding that bridge is The Black Knight. King Arthur had just witnessed The Black Knight murder his opponent and tried to recruit him. After his overtures fail, the King tries to pass The Black Knight, but the knight won’t let him pass. So they engage in the most ridiculous dual in movie history. First, King Arthur slashes off The Black Knight’s left arm. ‘Tis but a scratch…. Next, Arthur cuts off his right arm. Then Arthur sinks to his knees to thank God for victory, only for the now-armless Black Knight to boot him in the head! Incredulous, the good King says, “Look, you stupid bastard! You’ve got no arms left!” Just a flesh wound! The exasperated King says, “I’ll have your leg!” and cuts off The Black Knight’s right leg. And then his left leg! As the now-armless and legless knight is on the ground, he says, “Alright, we’ll call it a draw.” The King rides off over the bridge with his man, Patsy. It’s a perfectly ridiculous bit of hilarity… and it reminds me of Nikki Haley and Donald Trump. A Special Kind of Person Nikki Haley hasn’t just been losing. She’s been getting her head handed to her in every vote. In Nevada, she lost to “none of these candidates.” For God’s sake, can someone hit the damn gong? Apparently not. Haley’s playing a game she can only win if the Republican party loses. Let’s face it: Donald J. Trump is a big government nationalist. His hero is Reagan. And though Ronald Reagan claimed to be for “small government,” he’s the president who initially allowed Congress to blow out US government debt. At this point in history, the US citizenry doesn’t want to take the punch bowl away. And who can blame them? Once everyone admits the game is over, the stock market and 401(k) plans will tank. It’ll be a bitter reckoning. With Trump back in office, it’ll feel a bit better. He’s unapologetically patriotic, loves low interest rates, and doesn’t care about the national debt. As long as he doesn’t repeat his late-term mistakes of shutting the country down, letting the left wing control the narrative, and cutting interest rates too deeply, Trump should be ok. Haley is a mixed bag. Essentially, she’s a RINO. Most of the votes she gets in “Republican” primaries are from Democrats in states where the primaries are open to all to vote in. That she’s still running despite taking such a beating means she’s waiting for Trump to be removed from the race. But Haley has other problems. [Famed A.I. Expert "Do This By March 8th"]( [Click here to learn more]( Genius investor James Altucher is predicting between now and March 8, a new generation of A.I. will create a brief "wealth window" in America. It could make crypto look like pocket change... [Click here for all the details ]( [Click Here To Learn More]( High Infidelity Allegations of Haley’s infidelity to her husband surfaced in the UK’s [Daily Mail]( and were splattered across the X-verse. But because the US MSM refuses to report on it, it doesn’t appear in the usual nighttime news discourse. It seems the MSM is shielding her because she’s a RINO, preferable to both Trump and Biden. Haley says she won’t run as a Democrat, but that remains to be seen, especially if Biden falls down the stairs hard soon. Whether the infidelity rumors are true or not, she’ll have a helluva time getting votes from 2A, ex-military, military, or Bible-thumping conservatives. There’s nothing worse for a soldier to come home to than a straying wife (actual or alleged). It’s why she can’t grab a decent hold of the electorate. “But Trump was a serial adulterer!” you say? Almost certainly. But the voters don’t seem to care. After Trump crushed her in her home state of South Carolina, Zero Hedge’s headline read, “[Koch Brothers Pull Out Of Haley After South Carolina Skewering]( Ouch. Praying For Judicial Intervention Though the Koch Brothers have lost faith in Haley - along with most of her other donors - she’s banking on a verdict that will block Trump from running for the presidency. I honestly can’t see how he’ll be stopped or even how he’ll pay any of the ridiculous fines the courts have ordered. When you’ve got [Grant Cardone pulling his real estate business out of NYC]( and [Kevin O’Leary publicly defending Trump]( NYC has the problem, not Trump. I imagine she’ll go up to Michigan, lose a limb (figuratively, of course), and then roll on, if only supported by the few donors left with TDS (Trump Derangement Syndrome). Wrap Up Trump should wrap up the nomination soon enough. Whether Biden appears on the Democratic ballot remains to be seen. My colleague Jim Rickards thinks it’ll be Michelle Obama. But it would be fascinating to see what Haley would do if the Democrats courted her. There’s no real difference between their positions on the issues. Would Haley desert the party? Almost certainly. Would the Dems ask her? I’d put nothing past them, especially since Clinton, Harris, and Rice are such losers. Let’s see. All the best, [Sean Ring] Sean Ring Editor, Rude Awakening Twitter: [@seaniechaos]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. 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