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- Market Update - November 13, 2024
Market Update - November 13, 2024
Squeeze
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Bitcoin’s aiming for $100,000, but if we were smart, we would’ve bought cocoa. Up 180% earlier this year and still at 90% gains after a big crash.
If you’d have sold your Bitcoin for cocoa at the start of 2022, you’d have outperformed all of us:
Don’t FOMO into the brown powder!
Yes, I know, the narrative’s very compelling. Trump’s agenda calls for looser regulations around sweets, chocolates, and bakery confections. I hear rumors that cocoa importers will be exempt from the Trump Tariffs. Winter is hot cocoa season and the trading chart looks like it’s potentially consolidating for another push to new all-time highs.
But cocoa is a volatile, speculative asset. Besides, this is a crypto newsletter. We do crypto, not commodities.
Topics for today’s update:
Video
Massive short squeeze
Time to go short?
Metrics matter
Stablecoins are PAHMPing
Altcoins
Altcoin Reviews: ETH, SOL, BNB, DOGE, XRP
I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!
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