👀 It's that time again

GM everyone. This is 2036.

Two things are happening that you need to pay attention to:

• Retail is back

• Bitcoin is about to break through $100K

What does this mean?

Your chances of making AND losing money will increase exponentially from here.

So let’s quickly look at each.

1/ Retail is back 🤪

Teenagers and 20-somethings on TikTok are officially dumping their life savings into meme coins. And they’re telling you their coins are the greatest invention since sliced bread.

As I explained last week, the cycle's next phase - the speculative phase - has officially begun.

This is where people who aren’t usually into crypto start pouring in. This time, it's happening on TikTok.

So— a word of caution.

There are lots of screenshots floating around with seemingly crazy profit numbers. Most of these are fake. And their only purpose is to make you FOMO-buy memecoins.

In hindsight, one or two of these memecoins will have staying power. But the rest will go to zero - fast.

I implore you to ignore these. Most of the category winners have already been established, and you can focus on those.

But if you ignore my advice, manage to get in on a hot meme coin early and score a 5X, 10X, 20X or more, remember:

• Take profits. These new coins can 100X and then -99% in 48 hours.

• Don’t project your financial dreams on specific coins in the hopes that their potential could solve all your financial problems (”I’m only another 10X away from retirement… the coin has done it once, it can do it again!”). This is an unfortunately too human thing to do, but it always leads to bad decisions.

The only way to generate outsized returns in investing is to be contrarian and right, i.e., to buy things before everyone else talks about them.

If everyone is screaming about it on TikTok, it may still have legs, but it's probably too late. The top won’t be far.

2/ BTC is about to break $100K 🏆

At the time of this writing, Bitcoin is just 1 ETH away from $100,000 (I’ve been waiting to write that crypto joke for way too long).

Naturally, bitcoin is sucking the liquidity out of altcoins as traders bet on the king to make its next move.

This is the point in the cycle where many people desperately sell their altcoins.

But do not despair. Do not capitulate.

This exact move happens in every single cycle, like clockwork.

Altcoin pain is followed by altcoin gain.

At some point, Bitcoin will take a breather. And the rest of the market will catch up. But no one knows when that will happen.

So unless you own complete dogsh*t, your coins should have their time in the sun, too.

Let Bitcoin trace its path and carry the rest of the market much higher.

The best thing to do remains nothing.

🧘

• 🎯 What does an ideal crypto portfolio look like at this stage of the cycle? How do you spot winners? How do you avoid FOMO? How and when should you take profits?

  • Get these answers (and many more) in Enter, Earn & Exit, my 2024 blueprint for investing in crypto. Get $100 off using code ‘2024’.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.