November 17, 2024 How to Stay Ahead of This Bull Run Dear Subscriber, The promise of the first pro-crypto president in the White House has many crypto experts optimistic. That’s because President-Elect Donald Trump has made many promises on the campaign trail that the crypto community have been crying out for. For example, the creation of a national Bitcoin (BTC, “A”) may be on the horizon. This could transform BTC into a core reserve asset on par with gold … and push other nations to do the same. And the President-Elect has also promised to overhaul regulatory bodies, especially the SEC. The unclear and seemingly hostile crypto regulatory environment has been a thorn in the side of crypto innovation. Clearer regulation and a move away from the previous “rule by enforcement” policy remove uncertainty and foster a better environment for crypto entrepreneurs. The latest news whipping crypto supporters into a frenzy is a rumor that the incoming administration would eliminate capital gains tax on cryptocurrencies issued by companies registered in the U.S.: Source: altcoindaily (Instagram). Click here to see full-sized image. While that wouldn’t cover a number of the most popular coins, the promise of a more crypto-friendly U.S. has been rocket fuel to this latest rally. Even if it is only a rumor at this point! That’s because the bullish sentiment just can’t be contained. In fact, our cycles expert Juan Villaverde has called this a Bull Market on Steroids. And he believes it is just getting started. In his latest update, he reveals just how high this rally could take the No. 1 crypto. Even better, he reveals roughly when we can expect to see that peak. According to Mark Gough, Bitcoin may be better poised than ever to make the most of this bullish sentiment. That’s because there’s a new Layer-2 for the network that promises to Make Bitcoin Fun Again. It’s called Merlin Chain (MERL, Not Yet Rated), and it aims to make Bitcoin more than just “digital gold.” Its plan is to make Bitcoin faster, more efficient and capable of supporting complex use cases, like DeFi. As you likely know, though, Bitcoin isn’t going to post the biggest gains in this rally. It just doesn’t have the same potential for growth as newer, smaller projects. Rather, altcoins are where you can find the cryptos with the potential for windfall gains of 20x ... 23x … even 90x in some cases. That’s why, on Monday, Marija Matic drew your attention to the Select Altcoins That Pushed Ahead as Bitcoin Surged Past $87K. That’s not to say these cryptos are going to be leading the rally when altcoin season comes. But their strength so soon after Bitcoin’s breakout is a promising indicator. Don’t forget: You can track them — and any other cryptos you have your eye on — right on our Weiss Ratings website. Marija’s latest update has all the info you need to do just that. And in my update this week, I revealed one way you can see which altcoins Juan is targeting. You don’t want to miss that, so be sure to check it out! Before we wrap up this week’s update, our Weiss crypto experts want to make sure you’re aware of the volatility that may lie ahead. Nothing goes up in a straight line. And as we get closer to Inauguration Day on Jan. 20, political developments and economic shifts are sure to add a layer of excitement — and unpredictability — to the market. To help you navigate it, Dr. Bruce Ng showed you how to Track the Bull Run in his latest update by checking the Coinbase premium index. When combined with his two other favorite indicators, it provides a glimpse into the market so you can better prepare for all the peaks and valleys on this crypto rollercoaster. With how wild the ride has been so far, you’re going to want every insight you can get. So be sure to read our experts’ latest updates. And check back with us tomorrow for your next Weiss Crypto Daily. Best, Beth Canova Crypto Managing Editor |