Brad’s Note: Today, we’re sharing a piece from my colleague and founder of The Opportunistic Trader, Larry Benedict.
Larry is an experienced trader with 40 years of experience, and his hedge fund was ranked in the top 1% worldwide by Barron’s.
He’s also in Chapter 3 of Jack Schwager’s book, Hedge Fund Market Wizards… among billionaires like Ray Dalio and Joel Greenblatt. And his latest trading strategy involves profiting from Bitcoin without buying Bitcoin, which he shared publicly in October of last year.
While our trading strategy at Wide Moat Research is based on time in the market and not market timing – if you have money set aside for most speculative trades, you may want to check out Larry’s latest trading strategy. He is now utilizing AI to make what he calls “Bitcoin skimming” even more profitable.
On January 24, at 8 p.m. ET, he’ll be sharing exactly how this strategy works… and why you should test it out.
To register for Larry’s event and make sure you don’t miss it, click here. Then read on to learn more from Larry about AI-perfected “Bitcoin skimming”…
By Larry Benedict, Editor, Trading With Larry Benedict
If you don’t know about Bitcoin’s latest bull run, then you haven’t been paying attention.
From September to mid-January, Bitcoin has soared over 62%.
Some of the excitement was due to anticipation of the SEC approving a Bitcoin spot ETF (which finally happened on January 10). That will offer easy ownership of Bitcoin from a typical brokerage account.
Others are looking at the upcoming “halving” as a catalyst for growth. (Halvings decrease the Bitcoin supply, which grows demand.)
And still others look at the impact of the Fed finishing its rate hikes, making risk-on assets like crypto more appealing for their potential returns.
So you might be looking at Bitcoin and licking your chops, wanting to get in on the surge.
I don’t recommend buying it, however…
Sure, these dynamics could continue to support Bitcoin’s rally.
But it’s important not to get caught up in a hype cycle.
The recent run-up has likely priced in much of these tailwinds already.
And as previous Bitcoin winters have shown, you don’t want to get caught at the peak.
That’s why I profit from Bitcoin in a totally different way… one where I’m not concerned about whether Bitcoin will soar or plunge.
We make money no matter what Bitcoin price action we see.
Even better, using my strategy, we can bring in bigger returns than just buying or selling Bitcoin directly.
And right now, I believe it’s a better way to play this rally…
Don’t Stress the Bitcoin Swings
You don’t have to look very far back in time to know how quickly Bitcoin can reverse course.
In 2021, the crypto hit new all-time highs at $68,789. Yet it then proceeded to drop more than 75% in about a year.
And current prices at writing are still roughly 30% off that peak even with the recent run-up.
That’s not even looking at the previous crypto setbacks, like when the price of Bitcoin fell 80% back in 2018.
That’s some incredible volatility. Yet for many diehard fans, the equally dramatic surges make up for these kinds of plummets.
So if you have the stomach to handle those kinds of rollercoaster moves, then go ahead and invest.
But the method I’ve found for profiting means I can still sleep well at night no matter what Bitcoin is doing. I profit from the up moves… and the down ones.
In fact, reversals and swings can provide some of the best opportunities for my strategy.
Even better, you don’t need to have a crypto wallet or exchange account with all the complex passwords and risks of hacking.
You can take part with just your standard brokerage account.
And using my strategy, traders have had the chance to beat Bitcoin’s returns by 6-to-1… 9-to-1… and even 22-to-1.
That translates into potential returns like $4,898 in as little as a week. Do it over and over again, and you can seriously grow your account over time.
That’s why I call this method “Bitcoin skimming.” We’re regularly profiting from Bitcoin’s moves without directly holding a single coin.
Plus, there’s one element that’s supercharging the opportunity before us…
Get Ready for Your First Skim
A setup involving Bitcoin miners and artificial intelligence ensures that “Bitcoin skimming” will remain exciting in the year ahead.
Artificial intelligence is supercharging many industries by improving efficiency and automating tasks. And the crypto-sphere in particular is going to experience changes due to this technology in 2024.
That’s why I’m preparing a special briefing to unveil exactly how it all works… And I’d like to invite you to join me.
On Wednesday, January 24, at 8 p.m. ET, I’ll go into all the details.
I’ll explain bitcoin skimming… and the exact strategy I’ve developed over 18 months.
I’ll cover the coming changes due to AI, and how that’s offering us even more opportunities to potentially earn thousands in as little as a week…
And I’ll break down how you can be ready for your first skim as early as the next day.
So whether you’re a major fan of Bitcoin… or have never touched a single crypto, make sure to mark January 24 on your calendar.
And then go right here to make sure you’ve saved your spot for this event.
I’ll see you there!
Regards,
Larry Benedict
Editor, Trading With Larry Benedict