About three years ago, my neighbor Danny approached me with an interesting question.

He heard of this new cryptocurrency and wanted to know if it was a good investment.

Now, Danny is a retired shoe store owner from New Jersey, living here in South Florida.

He’s not “high on the hog,” as my grandfather would say, but he does OK. But OK isn’t enough for Danny … he’s always looking for new ways to make a quick buck and grow his retirement income.

In this case, he thought he landed on a gold mine.

Danny asked me about dogecoin, a cryptocurrency that started as a joke in 2013 but took off in 2021, thanks to Tesla CEO Elon Musk talking it up. Danny didn’t want to miss out on dogecoin’s big run, which ended up gaining more than 15,000% in 2021.

But I told Danny that I didn’t know very much about dogecoin — or any other crypto for that matter. I really couldn’t give him an opinion about it.

Danny, like many investors, dove into the crypto world feet first … without really understanding the ins and outs.

And he’s experienced the ups and downs that go along with it (mostly the downs).

You’ve likely seen that cryptos are riding new highs, prompting many to jump in like Danny.

But the best approach is more calculated. I’ll share it with you today.

Crypto’s Big Run

Dogecoin likely wouldn’t even be a thing without the crypto that started it all: bitcoin.

It’s the most well-known and used crypto in the world.

Investors have been hot and cold on bitcoin over the years. The crypto’s value has risen and fallen like an amusement park roller coaster.

But it’s hard to ignore bitcoin’s current run:

Since March 2023, bitcoin has jumped 197% to reach an all-time high.

And that rally is extending beyond bitcoin. Smaller digital assets, like dogecoin, have jumped even higher in just the last month.

03_14_24 smaller coin chart

The MarketVector Digital Assets 100 Small-Cap Index tracks the bottom half of the largest 100 digital currencies. It’s up 60% compared to bitcoin’s 56% jump in the last month.

Just like Danny in 2021, investors have a fear of missing out (FOMO) on the surge in crypto value.

Even with this recent run-up, many of these smaller, lesser-known coins are still way off their all-time highs.

Dogecoin is nearly 80% off its all-time high, while Solana is more than 50% down. Ethereum, the second-largest crypto by market cap, is almost 30% below its high.

Everyone is focused on bitcoin.

The recent launch of bitcoin exchange-traded funds (ETFs), along with a coming reduction in supply (more on this in a second), has led to big bets and FOMO on the largest crypto in the world.

But that's not where the real opportunity lies…

FOMO and the Bitcoin Halving

This is a big year for the biggest crypto.

When bitcoin was conceived, there was a pre-programmed limit of 21 million coins. That’s because if you keep printing money without limits, you run into hyperinflation (like in Germany in the 1920s).

That's where the bitcoin halving comes in.

Every four years, the network reduces the reward miners get for extracting bitcoin by half … thus, the halving.

This controls the supply of bitcoin hitting the market and limits inflation in the system. The idea is to keep the coin stabilized by controlling how much is mined. It also forces miners to generate profits with a smaller reward and drives out less productive miners.

For investors, this halving event has led to increased value in bitcoin:

03_14_24 bitcoin halving chart

During the previous three halvings, the price of bitcoin has gone up just before and sharply increased immediately after the event.

That doesn’t mean it will happen this time around, but investors and their FOMO are betting on it.

The Best Way to Trade the Halving

While I am no expert in the world of crypto, my good friend Ian King certainly is.

Ian is the resident expert on all things crypto at our sister company, Banyan Hill. He’s also the one person Adam O’Dell, Mike Carr and I turn to for insight into this corner of the market.

Ian is our crypto guy.

And he's identified a pattern in crypto trading related to the halving event … but it has nothing to do with bitcoin. It’s the same pattern he used to deliver a windfall of 18,325% within a year after previous halving events.

He’s pinpointed lesser-known cryptos that are positioned to soar after the halving, and could likely beat bitcoin’s returns in short order.

Ian’s prepared to share this pattern with you … before the 4th halving in April.

To find the best way to capitalize on the rise of cryptos and bitcoin’s upcoming halving event, click here now to reserve your seat for this exclusive, free event.

He'll show you all the details on Tuesday, March 19, at 1 p.m. ET.

If you're even remotely curious about bitcoin or cryptocurrency, you can't miss this.

Safe trading,

Matt Clark, CMSA®
Research Analyst, Money & Markets