Welcome to Your Upgraded Service Hi Savio, I hope you enjoyed our Monthly Issue on Tuesday, and also are enjoying the quick gains we have already experienced in our latest buy, Celo (CELO). I’m writing to you today to remind you of our primary goal: My team and I don’t just want to continue to give you an excellent experience through Ultimate Crypto – rather, our primary goal is to elevate your experience to a whole new level. We’re talking more great picks. More consistent updates. More research. More analysis. More of everything. A big part of this “upgrade” to your service includes Weekly Updates. Every Saturday, we will send you an update on the status of the cryptocurrency market. It will include commentary on recent price action in cryptos, our thoughts on some of the developments and big headlines in the space, and updates on the holdings in our portfolio when there is news to report. These Weekly Updates will not replace our Monthly Issues. You will continue to receive in-depth, robust issues from us every single month. Weekly Updates will be entirely supplemental to that, so every month, you will now receive one Monthly Issue and four or five Weekly Updates from us. In other words, you’re going to get 5X the volume of analysis and commentary than before. If that’s not an upgrade, I don’t know what is. We hope you enjoy this service upgrade, and as a result, glean more insights, knowledge, and profits than ever before. With that in mind, let’s dive right into the first Weekly Update. –––– It was a great week for cryptocurrencies, as the B-Word Conference – headlined by Tesla founder Elon Musk; Twitter, Square, and PayPal founder Jack Dorsey; and ARK Invest founder Cathie Wood – injected optimism into the markets by showing that its biggest and arguably smartest supporters are still 100% behind the revolution, despite weak near-term price action. News that Amazon may start accepting Bitcoin and other cryptos on its platform in 2022 turned that renewed optimism into high hopes. Bitcoin broke out of its slumber, and surged from $30,000 to break above the psychologically all-important $40,000 level in a matter of a few trading days. Some folks are calling this the long overdue “Bitcoin Breakout.” We think it’s too early to call it that. Bitcoin has fooled the market before, breaking above $40,000 in recent months only to fall back into the $30,000 to $40,000 trading range. This could be just another head fake. But, even if it is just another head fake, you have to remember that consolidation after a big breakout is actually very healthy for the long-term price trajectory of an asset. Consolidation is usually a prerequisite for an asset to take its next permanent leg higher on the price chart. Therefore, we are not too concerned about whether or not this Bitcoin breakout above $40,000 is “real” or not. Instead, we are far more focused on the fact that it appears that the world is starting to accept Bitcoin as “Digital Gold.” What a lot of folks missed this past week is that the breakout in Bitcoin prices coincided with an uptick on the 10-Year Treasury yield. Now, if you back out to a year-to-date chart, you can actually see that the 10-Year Treasury yield has very closely correlated with the price of Bitcoin in 2021. Both largely broke out in late January, peaked in late March, traded sideways into May, and fell sharply in June and July. That’s important, because the 10-Year Treasury yield is widely seen as the market’s proxy for inflation expectations. When it goes up, inflation expectations are rising. When it goes down, inflation expectations are dropping. So, in essence, when inflation expectations have risen in 2021, Bitcoin prices have risen, too. And when inflation expectations have dropped in 2021, Bitcoin prices have dropped, too. This correlation has never existed before. It first appeared in January, and has been unmistakable ever since. In other words, for the first time ever, the market is treating Bitcoin as a hedge against inflation. What is the traditional hedge against inflation? Gold. So, in fact, it looks like the market is coming around to the idea that Bitcoin is digital gold. Why is that important? Because if you consider the so-called learning curve of cryptos, coming to understand that Bitcoin is digital gold is step one. Steps two, three, and four are coming to understand that altcoins are not fantasy internet money, that they can have real economic implications, and that they are presently creating processes and systems that are 10X better than today’s centralized processes and systems. The market is coming around to step one on its learning curve right now. What comes next? Steps two, three, and four – which means that within the next few months and years, the market will likely come to understand the real-world economic impact of cryptocurrencies and get very bullish on the long-term potential of altcoins. That’s why we don’t particularly care about the near-term price action in Bitcoin. Don’t get me wrong. We love it. But what we love more is the fact that it looks like the world is about to accept altcoins as the future – and that means the long-term upside potential for the altcoins in our portfolio has never looked so good. In fact, that’s why my team and I are super busy looking for new altcoin opportunities like Celo that we feel are due for a huge upswing over the next three to five years as they transform from promising concepts to breakthrough realities. We will keep you updated on that research, and we expect to introduce new buys in the coming months. We’ll be back in touch next Saturday with your second Weekly Update, and we’ll always get in contact right away if anything urgent comes up during the week. Sincerely, 
Luke Lango
Editor, Ultimate Crypto
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