Recent Articles
The Digital Gold of the Future
Lately I’ve been telling anyone who will listen about the enormous gains that are possible by owning cryptocurrencies. But are cryptos also a better asset for your portfolio than, say, gold? That will sound like a wild claim to some people. And a few years ago, it might have been. But now, not so much. A big spike in the price of bitcoin occurred after the U.S. air strike in Baghdad that took out Iranian general Qasem Soleimani. It’s the ultimate example of a situation that sends investors scrambling to hedge their portfolios. But even though S&P 500 futures plunged overnight – and stocks fell the next day – gold did… practically nothing. The SPDR Gold Shares (GLD) are up only about 1.5% since while bitcoin is up 25.5%!
Answers to Your Top 5 Crypto Questions
Here are answers to some of your questions about cryptocurrencies, the halvening, and the opportunity directly ahead.
The ‘Secret’ Way to Make More Money From a Not-So-Secret Event
Altcoins are about to mint another generation of millionaires -- in short order. Don't miss out.
Why Blockchain Won’t Just Make You Money – It’ll SAVE You Money, Too
I’ve gone on record as saying that cryptocurrencies will be the best performing asset of 2020. If that sounds wild to you, consider that they already were the best performers of 2019 – even after their pullback in the second half. Bitcoin still closed up 113%... far more than the 29% gain we celebrated for the S&P 500 stocks. We’ve talked a lot in MoneyWire lately about the opportunity here. Now let’s talk about WHY the cryptocurrency market really does live up to the hype: Behind every cryptocurrency is some great software: the blockchain. And like every other great software, this one lets us live our lives more efficiently.
The Market Event That’ll Make You the Most Money This Year
Even if you never took a class in economics, you can get pretty far in analyzing the global markets just by keeping the supply and demand equation in mind. The equation illustrates how prices fluctuate based on how much people are buying and selling. And it’s not just something that you’d see a professor draw on a chalkboard. It plays out in the markets every day. Look what happened to the price of oil this week. In the past week, crude oil futures shot up as Iran and the United States traded missile attacks in Iraq (threatening the country’s oil production and worldwide supply). Now oil futures are right back down again after tensions seem to have eased.
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