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The Crypto Capitalist newsletter is a service like none other in that it often focuses on publicly traded equities of companies in the crypto currency space.
I’m a value investor at heart. It takes a bit of a mindshift to take that investing framework into the crypto-economy, where things are a bit different. Time frames are compressed. Yields more often come from things like asset staking, not dividends. There are global computers and smart contracts and DeFi (Decentralized Finance) but at the end of the day, business is business and capitalism is capitalism. You either run a decent business or you don’t.
No matter how fast a company’s stock price is moving, if it’s crap on a rocket, I won’t buy it. The Bombthrower won’t recommend any company unless it’s a decent business with a viable future in the crypto-economy. If you want to play the momentum game, then this newsletter isn’t for you.
That doesn’t mean we’re buying slow moving duds however.
A couple of our positions so far include:
HUT8 Mining: Recommended at $1.25 in Nov 2020 recently priced at $6.88 (400% in 2.5 months)
Bitfarms Ltd: Recommended at 0.63 on Dec 10, 2020 recently at $4.15 (558% in a little over a month)
These are extraordinary returns and atypical for any other era. I don’t expect this to happen all the time, but then again, when I first got involved in the Bitcoin economy in 2013, when it was trading around $300 USD, I didn’t expect it to go to over $40,000 in under a decade.
Now we have mainstream economists and investment banks setting unprecedented price targets for 2021. An internal Citi group report intended for High Net Worth clients only that leaked in December 2020 called for Bitcoin hitting $318,000 by December 2021. Morgan Stanley threw cold water on that one, they think Bitcoin will only get to $100,000 by the end of the year.
If you missed the crypto currency breakout, own no Bitcoin and don’t know the first thing about crypto currencies, you can still position your investments to profit from the crypto-currency revolution.
No matter how high Bitcoin, Ethereum (which is hitting new all time highs as I type this) go, the institutional money is now moving in. If you have a traditional brokerage account and know how to buy stocks online, then you can get on the right side of this world transformative economic phase shift by simply owning the right companies who will be a part of this revolution.