View this email in your browser Hi everyone,

Hope you're all well in these trying times.



If it isn't clear by now, let it be known that we're in the midst of the greatest devaluation of fiat currencies since 1929. This will bring with it the largest transfer of wealth ever witnessed in the entirety of human history. I do not take any pleasure in being the bringer of doom, however, if the facts change then you have an obligation to change with them. This newsletter will be somewhat different from prior mailouts. Feedback is always hugely appreciated! Without further a do, let's dive right in.



Blood in the streets



Market chaos has continued across asset classes throughout last week, as futures hit 'limit down' week after week and become the staple harbinger of widespread negative figures for stocks and virtually every tradeable asset class in existence. Many investors and traders are losing their emotional discipline in this tough time, with different billionaires showing up on CNBC every other day with a fresh analysis on the situation, which sectors need to be bailed out or what sort of monetary stimulus needs to be enacted to salvage things. While this makes for great entertainment, it doesn't do much to help out normal people who simply want to keep their wealth in most cases.



While it's next to impossible to fully predict what's to come to an exactitude, one can attempt to be as accurate as possible through sound reasoning and rational thought-processes. Of course, this is by no means investment advice and I cannot stress enough that you conduct your own research and take care of your own money.



Where are we heading?



In order to get a better understanding of what I'm about to say, let's layout what has happened over the last 30 days, give or take. Equities: The S&P500 and Dow Jones Industrial average are down about 30%-40%. The same can be said for emerging market stock indices and other public equities. Oil: The price of oil is currently down over 60% which includes a recent 10% rally that now has it sitting at $22.5. Gold: The heavy physical commodity has dropped about 14% from the local $1700 high. bitcoin: The digital asset is down about 40% from around $10,000 to about $6,000. Since the bond-market is a can of worms in itself, I will not be covering it in this analysis. As you know, we're witnessing major retracements across markets currently, but the question is what should we expect within the next 12-24 months? It doesn't take a rocket scientist to figure out that after a major bust comes a massive boom, and provided the United States doesn't fail, then these dips can be seen as attractive opportunities in the long-run. However, the question is - which assets are going to outperform all others?



A breakdown of assets



As covered in greater detail in our



Equities



Most stocks are being sold off in tandem with the larger trend. The S&P, DJIA, and emerging markets are down over 30%. Sectors getting the brunt of it all are hotels, airlines, hospitality, events, food services etc, all of which are seeing price-slippages ranging between 50%-75%. The question on these "corona-impacted sectors" (CIS) is whether they can survive multiple months of zero revenue. In the event that they do not declare bankruptcy, then the other option is the government stepping in to assist bailing out the industries, which is looking increasingly likely (Federal reserve and ECB).



While I think that the "v-shaped recovery" is out of reach at this stage (since you cannot instantly kick-start an economy that ground to a halt in such a short time-frame as if nothing had ever happened), the returns on these investments could yield 2-3x over the next 2-5 years. Provided you believe that US airlines aren't going to zero (i.e. won't be allowed to go to zero as Trump is promising), then CIS stocks are also an opportunity. That said, I do not personally own stocks and won't do own any for reasons that will hopefully become obvious.



Oil



This market seems to be on the precipice. While oil is one of the most essential commodities on earth, there is an increasing amount of complexity surrounding its outcome over the next 24 months. The recent Saudi-Russia dispute has hit the oil price hard and put most of American shale industry in a position where it has to operate at a loss or close its doors completely. The geopolitical uncertainty and power games coupled with the reality of electric cars taking on larger portions of market share means that the world's dependency on oil is set to subside in the long run. However, since the Trump administration has made it clear that it will not allow its companies to go bust, this means the oil price will likely adjust to a point where American shale oil companies will be profitable - i.e. at least $35, if not $40-$50 per barrel. That said, there seems to be too much uncertainty here so it's not as attractive as other markets.



Gold



As previously mentioned, the US dollar continues to strengthen against traditional assets and other currencies, which have fallen off a cliff for the most part. Since the US government will flood the market with dollars to weaken the currency, any inflationary hedge asset should do relatively well in the next 12-24 months. Having existed and traded for millennia, gold, of course, is one of the top two assets in this category.



By definition, smart money is not stupid. Investors understand that the game of quantitative easing is simply the devaluation of their capital. As such, traditional investors will seek out inflation hedge assets such as gold, silver and other precious metals. That said, these assets have limited upside and are not nearly as attractive as other opportunities in the market.



Gold's price fell from $1700 to $1500 during the liquidity crunch. This relative lack of volatility is great during tough times, but terrible during good times. So those looking for high returns must also look for higher levels of volatility outside traditional heavy physical commodities. Having said that, it's reasonable to anticipate gold to hit anything between $2000 and $2500 over the next 24 months. This would be a sizable 35%-65% return, but given its lack of volatility compared to other assets, it's performance will be severely limited making it much less attractive then say, bitcoin.



Bitcoin



In a way, bitcoin's outlook is not dissimilar to that of gold, with a few added ingredients to spice things up. As the dollar's value diminishes, investors will seek inflation hedge assets - bitcoin and gold being two beneficiaries of this move. However, one key difference is that bitcoin has much greater levels of volatility than gold, which is to say that a $20,000 price-tag is the minimum upside one could expect - and that's already 3-times the return from current levels. Bitcoin's volatility is often seen in a negative light by mainstream pundits. However, bitcoin's volatility is a feature, not a bug. As you know,



As levels of quantitative easing reach and surpass the $5 trillion mark (already nearly 3x from the original $1.5 trillion), there will be an influx of investors looking to bitcoin for protection. In fact, just as monetary stimuli were being floated around, bitcoin rose 20% in under 36 hours (late last week). This hyper-volatility will continue in tandem with its intrinsic value-proposition and inflation-hedge protection mechanisms as various aspects of bitcoin push and pull its price.



Secondly, bitcoin is less than 60 days away from its halving, which is set to cause a massive supply shock to the entire bitcoin network. You can



In a nutshell, quantitative easing will incentive people to go to bitcoin and in May 2020, the incoming supply will drop sharply. All the while a positive demand shock happens at virtually the exact same time as this negative supply shock. In essence, this will be jet fuel for the decentralised digital currency, and all those calls for "the moon" will finally be vindicated. I'm estimating that once bitcoin smashes through $20,000, it will hit anything between $50,000 and $100,000 over the next 16-24 months. This would present anything between an 8x - 15x upside opportunity in a relatively short period of time, while still protecting wealth from the inflationary response from the US government and other central banks.



This is what bitcoin was made for and it will be glorious.



In conclusion, provided the US economy doesn't fail, most assets won't go to zero. However, while many assets will survive and probably thrive, bitcoin will outperform every asset class over the next 24 months by miles. Bitcoin was born in the last financial crisis and it will completely dominate everything under the sun as we emerge from this major financial reset. It's difficult to say if "the bottom is in" but when it's all said and done, people will look back and say that bitcoin was born from the ashes of the 2008 financial meltdown, and emerged on the global stage in the corona-financial crisis.



Personally, my level of conviction in what's about to happen is at an all time high and gets stronger with each new US press conference. QE infinity is happening and there's no stopping it. The game is set and the pieces are moving. Let's play.



Is it the right time to buy bitcoin? Check out this conversation I had with Leon of Bitcoin Club Malta and stay in the know.









Read more: Stuck in quarantine? Become a blockchain expert





Compiling and writing this up takes time and no small amount of research. Consider shooting some BTC to the below address or get in touch to reach our readers with a placement ad in these mailouts.



Cheers and as always, don't forget to wash your hands! Hope you're all well in these trying times.If it isn't clear by now, let it be known that we're in the midst of the greatest devaluation of fiat currencies since 1929. This will bring with it the largest transfer of wealth ever witnessed in the entirety of human history. I do not take any pleasure in being the bringer of doom, however, if the facts change then you have an obligation to change with them. This newsletter will be somewhat different from prior mailouts. Feedback is always hugely appreciated! Without further a do, let's dive right in.Market chaos has continued across asset classes throughout last week, as futures hit 'limit down' week after week and become the staple harbinger of widespread negative figures for stocks and virtually every tradeable asset class in existence. Many investors and traders are losing their emotional discipline in this tough time, with different billionaires showing up on CNBC every other day with a fresh analysis on the situation, which sectors need to be bailed out or what sort of monetary stimulus needs to be enacted to salvage things. While this makes for great entertainment, it doesn't do much to help out normal people who simply want to keep their wealth in most cases.While it's next to impossible to fully predict what's to come to an exactitude, one can attempt to be as accurate as possible through sound reasoning and rational thought-processes. Of course, this is by no means investment advice and I cannot stress enough that you conduct your own research and take care of your own money.In order to get a better understanding of what I'm about to say, let's layout what has happened over the last 30 days, give or take.Since the bond-market is a can of worms in itself, I will not be covering it in this analysis. As you know, we're witnessing major retracements across markets currently, but the question is what should we expect within the next 12-24 months? It doesn't take a rocket scientist to figure out that after a major bust comes a massive boom, and provided the United States doesn't fail, then these dips can be seen as attractive opportunities in the long-run. However, the question is - which assets are going to outperform all others?As covered in greater detail in our previous newsletter , this liquidity crunch has seen assets across the board drop against the US dollar, which is as strong as its ever been - for now. As mass panic reaches its peak, investors are looking to have full access to dollars and as such will sell any asset they own which exists within a liquid market. However, in order to sustain prices and stabilize markets, the dollar will have to be weakened substantially. This is done by flooding markets with liquidity (dollars) which will devalue the global reserve currency and is happening as we speak ($4-5 trillion bailout).Most stocks are being sold off in tandem with the larger trend. The S&P, DJIA, and emerging markets are down over 30%. Sectors getting the brunt of it all are hotels, airlines, hospitality, events, food services etc, all of which are seeing price-slippages ranging between 50%-75%. The question on these "corona-impacted sectors" (CIS) is whether they can survive multiple months of zero revenue. In the event that they do not declare bankruptcy, then the other option is the government stepping in to assist bailing out the industries, which is looking increasingly likely (Federal reserve and ECB).While I think that the "v-shaped recovery" is out of reach at this stage (since you cannot instantly kick-start an economy that ground to a halt in such a short time-frame as if nothing had ever happened), the returns on these investments could yield 2-3x over the next 2-5 years. Provided you believe that US airlines aren't going to zero (i.e. won't be allowed to go to zero as Trump is promising), then CIS stocks are also an opportunity. That said, I do not personally own stocks and won't do own any for reasons that will hopefully become obvious.This market seems to be on the precipice. While oil is one of the most essential commodities on earth, there is an increasing amount of complexity surrounding its outcome over the next 24 months. The recent Saudi-Russia dispute has hit the oil price hard and put most of American shale industry in a position where it has to operate at a loss or close its doors completely. The geopolitical uncertainty and power games coupled with the reality of electric cars taking on larger portions of market share means that the world's dependency on oil is set to subside in the long run. However, since the Trump administration has made it clear that it will not allow its companies to go bust, this means the oil price will likely adjust to a point where American shale oil companies will be profitable - i.e. at least $35, if not $40-$50 per barrel. That said, there seems to be too much uncertainty here so it's not as attractive as other markets.As previously mentioned, the US dollar continues to strengthen against traditional assets and other currencies, which have fallen off a cliff for the most part. Since the US government will flood the market with dollars to weaken the currency, any inflationary hedge asset should do relatively well in the next 12-24 months. Having existed and traded for millennia, gold, of course, is one of the top two assets in this category.By definition, smart money is not stupid. Investors understand that the game of quantitative easing is simply the devaluation of their capital. As such, traditional investors will seek out inflation hedge assets such as gold, silver and other precious metals. That said, these assets have limited upside and are not nearly as attractive as other opportunities in the market.Gold's price fell from $1700 to $1500 during the liquidity crunch. This relative lack of volatility is great during tough times, but terrible during good times. So those looking for high returns must also look for higher levels of volatility outside traditional heavy physical commodities. Having said that, it's reasonable to anticipate gold to hit anything between $2000 and $2500 over the next 24 months. This would be a sizable 35%-65% return, but given its lack of volatility compared to other assets, it's performance will be severely limited making it much less attractive then say, bitcoin.In a way, bitcoin's outlook is not dissimilar to that of gold, with a few added ingredients to spice things up. As the dollar's value diminishes, investors will seek inflation hedge assets - bitcoin and gold being two beneficiaries of this move. However, one key difference is that bitcoin has much greater levels of volatility than gold, which is to say that a $20,000 price-tag is the minimum upside one could expect - and that's already 3-times the return from current levels. Bitcoin's volatility is often seen in a negative light by mainstream pundits. However, bitcoin's volatility is a feature, not a bug. As you know, bitcoin possesses all the same inflation hedge qualities as gold , including a more precise outline of the asset's scarcity - available for all to see and audit. In addition, given how early the asset is in its life cycle and the relative tiny investor base (just over $110 billion market cap), bitcoin also brings with it huge upside potential compared to gold.As levels of quantitative easing reach and surpass the $5 trillion mark (already nearly 3x from the original $1.5 trillion), there will be an influx of investors looking to bitcoin for protection. In fact, just as monetary stimuli were being floated around, bitcoin rose 20% in under 36 hours (late last week). This hyper-volatility will continue in tandem with its intrinsic value-proposition and inflation-hedge protection mechanisms as various aspects of bitcoin push and pull its price.Secondly, bitcoin is less than 60 days away from its halving, which is set to cause a massive supply shock to the entire bitcoin network. You can learn more about the halving with this rapid-fire article, but in the meantime, picture it as a dramatic cut in the daily supply of bitcoin from 1,800 to 900 per day. And this will happen at the same time as demand for inflation hedges soars. For real-world context, just imagine if gold's supply was slashed in half in 2009-2011 when it experienced its 175% bull run. As you can probably tell, the scarce asset would become even scarcer, and this is what is set to happen to bitcoin in my most humble opinion.In a nutshell, quantitative easing will incentive people to go to bitcoin and in May 2020, the incoming supply will drop sharply. All the while a positive demand shock happens at virtually the exact same time as this negative supply shock. In essence, this will be jet fuel for the decentralised digital currency, and all those calls for "the moon" will finally be vindicated. I'm estimating that once bitcoin smashes through $20,000, it will hit anything between $50,000 and $100,000 over the next 16-24 months. This would present anything between an 8x - 15x upside opportunity in a relatively short period of time, while still protecting wealth from the inflationary response from the US government and other central banks.In conclusion, provided the US economy doesn't fail, most assets won't go to zero. However, while many assets will survive and probably thrive, bitcoin will outperform every asset class over the next 24 months by miles. Bitcoin was born in the last financial crisis and it will completely dominate everything under the sun as we emerge from this major financial reset. It's difficult to say if "the bottom is in" but when it's all said and done, people will look back and say that bitcoin was born from the ashes of the 2008 financial meltdown, and emerged on the global stage in the corona-financial crisis.Personally, my level of conviction in what's about to happen is at an all time high and gets stronger with each new US press conference. QE infinity is happening and there's no stopping it. The game is set and the pieces are moving. Let's play.Compiling and writing this up takes time and no small amount of research. Consider shooting some BTC to the below address or get in touch to reach our readers with a placement ad in these mailouts.Cheers and as always, don't forget to wash your hands!



Christopher Attard

Founder of

Insight. Content. Consultancy.



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3PUj7FrSW2MMHPaXGwC9AiYAPYBpy1JtPr Best regards,Founder of Chris on Crypto Insight. Content. Consultancy.Connect with me directly on: Telegram Subscribe to this newsletter at chrisoncrypto.com Check out our content and business services suite here If you enjoy this free content, consider donating