Seize This Pullback to Find Promising Profits

By Dawn Pennington

On Friday, Bitcoin (BTC, “A-”) plunged to $83,000 after President Trump nominated Kevin Warsh as the next U.S. Fed Chair.

Warsh is a partner at Stanley Druckenmiller’s Duquesne Family Office. A fellow at the Hoover Institution on War, Revolution & Peace at Stanford University. And a board member at UPS.

He’s also a notorious inflation hawk …

Which the markets took as a signal for higher real yields and a stronger U.S. dollar.

Higher yields tend to translate to lower liquidity over time.

And if you follow Juan Villaverde’s analysis, you know …

Central Bank Liquidity is the lifeblood of crypto prices.

Now, Warsh still has to be confirmed by the Senate.

Those odds are good, though, because his 2006 confirmation as a Fed governor was unanimous.

Still, the news could weigh on asset prices for a while longer.

But that’s not a surprise. Juan made it clear last week that he expected crypto prices to continue their decline into mid-February.

Juan also made it clear that the longer-term drivers for cryptos to rally are still fully intact.

Which means long-term investors should see this pullback as an opportunity.

Here’s where your Weiss Crypto experts suggest you start …

2 Portfolio Powerplays in the Latest from Iran, China

Last week, Bob Czeschin laid out three likely outcomes from the recent bout of geopolitical tensions. And so far, all three are on track.

And they reveal two big investment opportunities — one store of value and one more speculative play — that are likely to surge as events continue to unfold.

Track Gold’s 5-Figure Rocket Ride

Bitcoin wasn’t the only asset to drop on the “Warsh sale” that happened in markets on Friday. But gold’s drop below $5K only solidified Sean Brodrick’s prediction for $10K gold. He believes this pullback is a gift worth taking advantage of.

Unravel the Mystery of Crypto’s Lost Communities

If liquidity is the lifeblood of crypto prices, community support was the body itself. But crypto ownership has morphed from ride-or-die fans to impartial investors.

As an “old school” user and developer who continues to believe in select projects’ promise and utility, Jurica Dujmovic offers his unique take.

Over $40M in Crypto Stolen from Uncle Sam’s Wallet

Not even the U.S. government’s crypto is safe from hackers.

A “John Daghita” was found responsible for $90M+ in suspected thefts over the past two years from a wallet controlled by the U.S. government.

Uncle Sam didn’t make this discovery. A member of the crypto community noticed the discrepancy on the blockchain. And sounded the alarm for the authorities.

Yet another argument in favor for doing what we can to keep crypto communities alive.

That's all for this week. Be sure to check your inbox tomorrow afternoon for your next Weiss Crypto Daily update.

To your health and wealth,

Dawn Pennington
Editorial Director