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My brand new “Project X-Ray” trading strategy is ON fire (over 87% win rate) and you can watch the world premier LIVE tomorrow at 11 AM. We expect to have a huge room for this, so make sure you claim your free RSVP and don’t get locked out.
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Tuesday, April 29th
“No siren did ever so charm the ear of the listener as the listening ear has charmed the soul of the siren.”
-Henry Taylor
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Down
⚡Crypto: Up
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Major Market Events
- Trump set to soften the tariff blow for automakers
- UPS to cut 20,000 jobs amid Amazon pullback
- Coca-Cola posts earnings surprise, calls tariffs ‘manageable’
🤔 My Thoughts
As crypto does surprisingly well in these chaotic markets, the market is heating up with new offerings.
Coinbase just announced that they’re launching a Bitcoin Yield Fund which aims to deliver a 4% to 8% annualized net return, according to a press release on Monday.
Per Coindesk, the yield will initially be generated through basis trading, with lending and options strategies to be used in the future.
The so-called bitcoin basis trade involves capitalizing on the spread between futures and spot markets. It became popular at the tail end of 2024 as hedge funds notched a record high of $14.2 billion in BTC short positions, whilst simultaneously buying spot bitcoin ETF shares.
This brings back memories of many infamous crypto yield funds that blew up spectacularly and cost investors a lot of money. Crypto, for all its benefits, is not a stock with earnings and products etc. So any yield has to come from financial engineering, and that’s a risky prospect in the best of times.
Coinbase is a blue chip provider, and well-respected in the space, but even a modest (for Crypto) 8% yield is an awfully risky prospect…
We’re not crypto haters, and certainly see a role for it in a well-diversified portfolio. But if you want to target returns from good old-fashioned stocks that actually build and sell things, you MUST check out tomorrow’s live broadcast at 11 AM.
This is the world premier of my new Project X-Ray Strategy – and I think you’re going to be blown away. Register for a free slot right here.
