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Turnkey Retirement Vol. 35
Is Bitcoin Expensive?, Seeds of Social Revolution, and Bridging the Inequality Wealth Gap by investing in FrameTec
Damion Lupo
November 21, 2024
Turnkey Retirement Newsletter: Volume 35
This past week, the economic landscape has been a rollercoaster of energy, opportunity, and uncertainty. Here's a quick snapshot:
U.S. stock markets saw a pullback last week as post-election optimism gave way to profit-taking and cautious sentiment. The S&P 500 fell 0.8%, the Dow Jones Industrial Average slipped 0.5%, and the Nasdaq lost 0.9%, with small-cap stocks in the Russell 2000 dropping 2.6%.
Bitcoin crossed the $90K threshold this week, closing at $90,534 on November 18. It hit a high of $92,000 during the period, reflecting a massive rebound from earlier this year when it traded below $40K. Market drivers include optimism over institutional adoption, anticipation of ETF approvals, and growing confidence in crypto as a hedge against macroeconomic volatility.
The Federal Reserve recently cut its benchmark interest rate by 0.25%, bringing it to a range of 4.5% to 4.75%. This move is seen as a response to cooling inflation, which is now nearing the Fed’s 2% target, and a slightly weaker labor market. The Fed signaled a cautious approach to further cuts, aiming to stimulate borrowing and spending without reigniting inflation. Markets are watching closely, with optimism that the Fed can strike the right balance for continued economic growth.
Is Bitcoin Expensive?
Here’s an argument that Bitcoin’s price above $90K isn’t necessarily “too expensive” if viewed through the lens of its long-term value proposition. Key factors include the limited supply, increasing adoption by major institutions, and its potential as a digital gold alternative. The argument revolves around the idea that Bitcoin’s value should be evaluated in the context of its broader adoption and market fundamentals rather than current prices alone.
Seeds of Social Revolution - Extreme Wealth Inequality and Its Impact
Zerohedge shows here how extreme disparities in wealth are fueling social discontent, posing risks to long-term economic stability. It suggests that while the ultra-wealthy benefit from asset growth, many others are left behind.
The takeaway: investors can mitigate these risks by aligning their strategies with solutions that address systemic inequality—like investing in businesses solving critical societal challenges.
How Can I Help? ^
One way to bridge the gap created by wealth inequality is to adopt strategies used by the wealthiest investors. A proven method involves early-stage investments in companies poised to solve real-world problems. Consider FrameTec, a forward-thinking business making waves in its industry. If you’re intrigued by how early equity in this company can drive both impact and returns, check out the [webinar replay here].
Closing
Now is the time to level up your investing game. Join a community of driven, like-minded individuals dedicated to maximizing wealth through strategic investments.
History has shown, that’s how you can uncover opportunities to create lasting freedom and security.
To Freedom,
Damion
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