Colin’s note: Bitcoin is flying higher. This week, it’s up 17% on hopes that Washington will approve a bitcoin exchange-trading fund (“ETF”). This will allow millions of investors to buy bitcoin through their regular brokerage accounts… and send demand surging.
That’s why, today, I’m handing over the reins to colleague Larry Benedict. He’s made hundreds of millions of dollars trading stocks, bonds, commodities, and currencies. He was even able to make $95 million for himself and his clients in 2008 – one of the worst years for markets on record.
Now, Larry is out with a new way to trade bitcoin. And I want to make sure it’s on your radar. It’s called “bitcoin skimming.” And it allows you to profit from the explosive moves in bitcoin without owning the crypto directly.
He’ll be revealing all tomorrow at 8 p.m. ET at his Bitcoin Skimming event. He’ll show how his strategy works… and how he’s used it to capture gains 6x… 9x… even 22x higher than bitcoin returns. So, make sure to secure your place here.
Then read on for more about why Larry believes it’s one of the best ways of making money in today’s uncertain markets.
Investors are in limbo…
The first half of 2023 took folks by surprise.
The frenzy around ChatGPT and other artificial intelligence (“AI”) breakthroughs sent the tech-laden Nasdaq up as much as 37%.
That was a stark contrast to last year’s 33% fall for the index.
And after it fell 19% in 2022, the broader S&P 500 rose 19% in the first half of this year.
But last month, that bullish picture started to change.
After the Fed announced it would be keeping interest rates “higher for longer” in September, the Nasdaq fell 6.7%. And the S&P 500 fell 6%.
And to make matters worse, Israel is at war with the Palestinian terrorist group Hamas. There’s chaos in Congress after the dismissal of Republican Speaker of the House Kevin McCarthy.
And many investors are expecting another growth-choking rate hike from the Fed before the end of the year.
So, it’s only natural for investors to be fearful.
Maybe you feel the same way. You’re not at max fear… But you’re still wary of what could happen next.
That’s a tough place to be when you’re trying to make money and prepare for retirement.
It’s why I want to share one of the best ways I’ve come up with to make money… no matter what the stock market does next.
One asset this year has caught my attention – bitcoin.
I’ve long avoided investing in crypto. I even turned down the chance to buy bitcoin back in 2016.
The hoops I had to jump through to buy bitcoin – opening an account with an online crypto exchange… figuring out how to use a crypto wallet – put me off the asset.
But I’ve never discounted crypto’s potential to disrupt the traditional finance system. I just needed to find the right way to play it.
And lately, bitcoin has made some eye-catching moves.
It started the year trading at about $16,000. At this writing, it trades at about $33,700.
That’s at 103% profit.
But it’s been anything but a straight line up.
Bitcoin got a major boost with the bank failures earlier this year. Silicon Valley Bank failed on March 10. Over the following week, bitcoin surged almost 48%.
But from mid-April to mid-June, it slumped from $31,000 to $24,000 – a drop of nearly 30%.
And this volatility – aka wild price swings – is nothing new.
Over the past five years, it’s up 408%. But over that time, investors have had to stomach drawdowns of 47%… 50%… 66%… even 75%.
It’s why so many people have had trouble hanging on to the gains that bitcoin offers.
You may be surprised to hear me say it. But I’m just as excited by these falls as I am when bitcoin goes to fresh highs.
You see, I’m a trader, not a long-term investor. I can capture short-term moves higher and lower.
And the bigger the moves – either up or down – the higher my potential gains.
I’m just looking for lots of action. And bitcoin gives me that… in spades.
That plays right into the bitcoin trading strategy I’ve been developing.
I’ve found a way to profit from bitcoin that doesn’t rely on buying and holding.
You don’t even have to open an account with a crypto exchange… or figure out how to use a crypto wallet.
You don’t have to worry about the crypto exchange you’re using getting hacked or being subject to fraud. And you don’t have to worry about forgetting lengthy passwords and losing access to your crypto for good.
Instead, this is a simple strategy you can use with just your regular brokerage account.
I call it bitcoin skimming because it allows you to “skim” profits from the moves in bitcoin without owning the crypto directly.
I’ve shared this strategy with a small group of my followers, and during our testing, we surpassed the returns of bitcoin itself.
I’ve been able to close out gains of 37.8%… 41.6%… 72%… even 98% on smaller moves in the crypto.
In fact, for every $1,000 you could have made with bitcoin this year, you could have made $22,000 with this new method.
That’s why, in these uncertain times, I want to make sure you’re in the know about this strategy.
And I’ve been preparing my Bitcoin Skimming event to break it all down for you. That way, you can take advantage too.
It’s happening tomorrow at 8 p.m. ET. And I’d love for you to join me.
Whether you like bitcoin or hate it, you deserve to know how to profit from it through bitcoin skimming.
So, please make sure you don’t miss out by reserving your spot here.
I hope to see you there!
Editor, Trading With Larry Benedict
P.S. I know for a lot of folks bitcoin sounds risky. But my goal in recent years has been to find a way to profit from bitcoin without the risk of fraud or crypto crashes.
As my subscribers know, risk management has been one of the biggest lessons of my career.
I went 20 years without a losing year as a trader between 1990 and 2010. That’s almost unheard of. And it got me featured in the 2012 book on the world’s best hedge fund managers Hedge Fund Market Wizards.
And I’m bringing that same obsession about risk to the crypto market. I’ll be explaining it all in more detail tomorrow night… including how to strictly limit your risk on these trades. Here’s that link again to reserve your place.
Editor, Trading With Larry Benedict