Good morning. Eric Trump has been shilling crypto again on TV. But seriously, let’s talk about why Q4 is shaping up to be an “unbelievable” time.
All of that, plus your…
- Chart of the Day. If in doubt, zoom out on BTC.
- Trade of the Day. ETH just flashed a rare signal.
- Degen Play of the Day. PEPE looks interesting here.
Chart of the Day
The September dump is here, so some much-needed perspective is required.
September has historically always been a bearish month for the crypto market. In September 2023, Bitcoin dropped by 8% and then went up 77% in Q4. In September 2024, Bitcoin dropped 18% and then went up 101% in Q4. Bitcoin is down around 8% in the past 9 days and Q4 begins next week.
The Crypto Fear and Greed Index is at its most fearful since April. So this correction is doing its job and shaking a lot of investors out of the market. The best thing you can do right now is ignore the short-term noise and stay focused on the weeks and months ahead.
So the goal is to survive September, and fingers crossed the market rewards you with a rally in October. If in doubt, zoom out.
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Trade of the Day
Ethereum has dropped 20% in two weeks, sending the RSI into its most oversold territory since the April lows. The last time ETH was this oversold, it rallied 134% in two months.
ETH has bounced nicely off the $3,800-$3,900 level, which if it wants to remain bullish, must hold this line.
If the crypto market turns bullish in Q4, this rare RSI oversold signal could see ETH rally to $7-8K.
Alpha Leak
- Bitcoin could be getting an ETF sequel to BlackRock’s IBIT and it’s all about that yield. BlackRock has filed a registered trust company for its proposed Bitcoin Premium Income ETF. This ETF would sell covered call options on Bitcoin futures, collecting premiums to generate yield. BTC is going higher!
- World Liberty Financial [WLFI] will launch its first token buyback this week and the token has been listed for trading on Robinhood. WLFI is up 8% on the news. Finally some bullish momentum is returning.
- Hyperliquid [HYPE] could be getting its own spot ETF after Bitwise filed an application with the SEC, meaning it could be up to 240 days before it’s approved. This ETF would also allow shares to be exchanged for HYPE tokens instead of cash – that’s bullish.
- Ripple’s [XRP] RLUSD stablecoin has been listed on Bybit for spot trading and integrated into Securitize for instant tokenized treasury settlements. More legitimacy for RLUSD is good news for the future of XRP.
- Solana [SOL] could have several spot staking ETFs approved in the US within two weeks after a batch of S-1 documents were amended by Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital.
News Roundup
Eric Trump: Q4 Is Going To Be Unbelievable
In a brand-new interview that just dropped from the New York Post, Eric Trump just made a bold statement: “Q4 is going to be unbelievable for a host of reasons.” This was of course followed up with another post on X to “buy the dips!”
So let’s break down exactly why he’s so bullish on Q4…
1. Quantitative Easing
Eric Trump says QE is starting on Saturday “when the announcement is made and all signs point in the right direction.”
2. Global M2
Whilst Bitcoin’s price appears to have decoupled from global M2, liquidity continues to skyrocket, nonetheless. So I guess Eric’s assumption is that Bitcoin is due for a hard and fast catch-up.
3. Q4 Is Historically Bullish
Historically Q4 has been the best quarter for the crypto market and combined with the tailwinds of easier accessibility to crypto, Eric believes this is going to “accelerate this industry.”
Let’s hope he’s right!
Vanguard Looks Set To End Crypto ETF Ban
Well, well, well…look who’s finally starting to change their minds about crypto after all. Vanguard, the second largest asset manager with $9 trillion in assets, refused access to the Bitcoin ETFs. Now, they are finally looking to offer Bitcoin ETF trading to their clients. Everyone bends the knee to Bitcoin eventually, I guess.
So, what changed? Well, for one, a change in leadership. A few months after the Bitcoin ban was first announced at the beginning of 2024, a Bitcoin-friendly ex-BlackRock ETF lead was appointed Vanguard’s new CEO. That’s certainly going to have an impact despite the continued reiteration of the ban.
Because what came next is the demand for Bitcoin ETFs over the past 18 months. Vanguard now understands that the “dynamics have been changing since 2024.” Sometimes, you need the proof first and that comes at a cost. Think of all the fees Vanguard has missed out on.
Bloomberg ETF analyst Eric Balchunas weighed in on Vanguard’s potential U-turn: “Vanguard has 50 million investors. Obviously, many are not the bitcoin type but that’s massive, they are the biggest fund company in the U.S. by two times over.”
So it’s no surprise to hear that BlackRock’s global head of digital assets, called out institutional adoption of crypto ETFs as still in its early stages. Because until the majority of financial advisors in the US can make decisions for their clients involving crypto, it means there’s so much more room for growth.
Google Takes 5.4% Stake In Bitcoin Miner
Just last month, Google took an 8% stake in Bitcoin miner Terawulf, before increasing it to 14%.
Now, Google has expanded its ownership in Bitcoin miners to Cipher Mining, with a 5.4% stake in the company. The deal is a 10-year AI hosting agreement with Fluidstack, with Google guaranteeing $1.4 billion of Fluidstack’s obligations. The deal will see Cipher deliver 168 megawatts to Fluidstack, which appears to have underwhelmed many investors.
But CEO Tyler Page has hinted that more deals are coming before the end of the year. In the meantime, Cipher Mining has seen its planned private offering oversubscribed with demand for its convertible notes up from $800 million to $1.1 billion. Patience pays.
TeraWulf is also planning to raise $3 billion in funding through Morgan Stanley with Google acting as the backstop.
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Degen Play of the Day
PEPE’s price is compressing into an apex zone, signaling a bullish breakout could come next. A breakout to the upside with high volume could be the confirmation needed to drive a 109% rally toward the higher resistance level at $0.00002.
Whilst traders seem to have fallen out of love with PEPE this year, there’s strong support at the 0.618 Fibonacci level, which shows buyers are still willing to step in. This is one to watch closely because if PEPE continues to narrow within this range, it could mark a significant shift in momentum and a rotation back into this meme.
Final Notes
Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.
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If you really want to take advantage of fastest growing asset class EVER, then the Premium subscription is for you.
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See you next time!
Lark and the Wealth Mastery Team
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Legal Disclaimer
Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
You can find a full disclosure of all my crypto & venture investments here.
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
