Three Reasons to Be Bullish on Crypto NOW

Amanda Heckman|February 12, 2022

Bitcoin has proved its strength yet again.

The poster child of the crypto sector is making big strides in some crucial ways.

And that means we’re more bullish than ever.

Here’s what’s going on…

Bitcoin to the Rescue

You know you’re having a good week when you’re seen as a hero…

GoFundMe, the popular online fundraising and donation platform, caused an uproar last week when it interfered with Canadian protests over vaccine mandates.

Since late January, a group of truckers called the “Freedom Convoy” have driven across Canada to protest cross-border vaccine mandates for truckers.

Donations have poured in for the group on GoFundMe, totaling nearly $8 million.

But GoFundMe shut the fundraising campaign down, saying it was in violation of policies that prohibit violence and harassment. All of the money, which was willingly and freely donated, will be returned to donors.

While there are many threads to untangle in this story… here’s the one investors will find most interesting…

Simply put, GoFundMe took control of money that didn’t belong to the company and disregarded the wills of many folks. In response, a group of crypto investors started a new donation campaign for the truckers. They created a crowdfunding platform to raise money… in Bitcoin.

More than $500,000 in Bitcoin has already been donated. This shows that crypto is a necessary alternative. It’s clear that under our current system, certain entities can take your money and do whatever they want with it… without your permission.

Reclaimed Gold

Next… a story that shows GoFundMe could be just the start…

We've written to you about the devastating financial problems in Turkey… where inflation is rampant (around 50%) and the local currency is worth almost nothing.

Turkey’s citizens have fled the lira and hold their savings in gold, crypto and foreign currencies.

The government doesn’t like that very much, so it’s doing something about it… something quite terrifying.

Turkish officials have just announced plans to “convince” citizens to turn over their gold stockpiles. They hope to reclaim about $25 billion worth of gold.

No word yet on how they’ll do the “convincing,” as officials have declined to comment.

But given the Turks’ mistrust of the lira, something tells us they won’t hand their gold over willingly.

We predict a flood of wealth moving into crypto as the government’s plans take shape.

Turning a Corner

The third reason to be bullish is more technical in nature.

After a two-month pullback, Bitcoin has turned a corner.

As Andy showed his Alpha Money Flow subscribers this week, the crypto has moved out of its lower trading range.

That’s a bullish move that means the asset is heading higher. Likely a lot higher.

The last time we saw this move… Bitcoin soared to an all-time high of close to $70,000 in early November 2021 from a low of $30,000 in late September… That’s a gain of 133% in just six weeks.

In just the last two weeks, the crypto has bounced off its low of $35,000 and kissed $45,000.

That’s a jump of nearly 30%. And as you can see in the bottom half of the chart… Andy’s favorite volume barometer – his Liberty Indicator – is telling us the buyers are back.

Make sure you’re one of them.