If you’re like me, the term Bitcoin means absolutely nothing in the world of financial profits.
You’ve probably been told to stay away from the cryptocurrency, and I’d advise you to do the same thing.
But I’ve found a way to manipulate it into making us a ton of cash AND we never have to buy a single share of it.
If this opportunity wasn’t so lucrative, I wouldn’t even mention Bitcoin, but this is something you’ll wanna hear…
For the past few years, I’ve kept Bitcoin out of sight and out of mind.
Cryptocurrency—the intangible, digital currency—was born from the wreckage of the 2008 crash.
People lost trust in the financial system, and cryptocurrency seemed like a viable route around the conventional banking system.
The catalyst of this new, invisible currency was Bitcoin.
Bitcoin was labeled the first decentralized digital currency when it came to fruition in 2009, and has since moved in extremely erratic ways.
Bear in mind, we’re not going to be buying any bitcoin, but we will be analyzing its price movement through a simple ETF (Exchange traded fund)—the Bitcoin Investment Trust (GBTC).
Take a look at the chart for GBTC below:
It’s very rare that we’ll see this much movement from an ETF.
You would be forgiven for mistaking this chart for an explosive penny stock, but it’s never been traded under $25—never mind $10.
To clarify the movement of GBTC for you, I’ve laid out some astonishing facts:
- In May, GBTC moved 51% in a single day.
- It’s up 18.5% this week.
- GBTC has advanced 663% in 2017
- And, most staggeringly of all, it’s gained 1,856% in the past 2 years.
The volatility behind this Bitcoin ETF is exactly why it’s caught my attention.
Like everything else in life, the stock market is a victim of gravity.
You’ll see stocks soar into the atmosphere at blistering pace, but unless they’re guided by the right kind of management—like amazon (AMZN)—they’ll eventually plummet to dangerous lows.
And when the time comes when Bitcoin has carved out a nose-bleed peak, we’re going to short sell GBTC.
Like I said, we are in no way buying Bitcoin… in my book that’d be moronic.
But by short selling GBTC, we’re betting that the ETF, and the underlying security, will go down.
If we see movement similar to that of May when GBTC moved 51%, we’ll take our winnings almost instantly.
As of right now, it looks like GBTC might charge a little higher, and we never want to get in front of a speeding train, but I’m going to keep a close eye on this chart and wait for the perfect moment to short it.
At that point, our premium subscribers of Highfliers Hotline will receive their encrypted message and wait for the payouts to begin.
If you’re not subscribed to Highfliers Hotline, you can keep a close eye on this chart on stockcharts.com, but I must warn you that you’ll have to issue your own entry price and stop loss.
