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Biden Lasers, ETF Trail Blazers & AI Stocks 🤖
Renaissance - Join us on the journey to financial independence.
Renaissance Man
February 16, 2024
Read time 5 minutes
Welcome back to the end of another week with Renaissance - the newsletter equivalent of Travis Kelce at the Super Bowl, screaming at our losing trades and businesses to reverse the trend. 😡😂
Today at a Glance:
Biden Lasers & ETF Trail BlazersAI Stocks: Meet the Silicon Squad!Money-Market Madness: Why Keep Money In A Regular Bank?The Renaissance Over-Under
Crypto Market & NFT News
Biden Lasers & ETF Trail Blazers - Here’s Exactly What To Do 🎉 🥳
Bitcoin hits $52,000! This is a massive psychological barrier we’ve finally broken through. And right on queue just as we’ve been saying; with the halving coming up and ETFs going crazy.
If you missed it here’s what happened and what it means:
And this just sold for 279Eth ($740,000)
Truly breath-taking art…….👌
The third Ether Rock sale in the last 24 hrs... the other two went for 200Eth and 180Eth.
⚡ What it means:
- Bitcoin ETFs are taking 10x more Bitcoin off the market than are being minted daily.
- If these inflows hold through the Halving, then Bitcoin ETFs will be taking 20x more off the market than the daily mint.
- The ETFs will keep accumulating Bitcoin, the more they buy the lower the supply is, eventually we will see a supply shock and Bitcoin will hit $100k this year
- This will result in Ethereum going to $8k+
- This triggers an Altcoin season. Retail will start arriving again and this is when the whole Renaissance family become millionaires!💰
- The Bitcoin price out in front is the predictive indicator of when our Eth is ready to skyrocket. The Eth ETF will happen this year - history doesn’t repeat itself but it does rhyme. The price is already charting to $3000!
- ⚡⚡⚡ TLDR; The game is pre-programmed - buy as much Eth as possible and wait for the halving and rise in 404tokens with Eth and NFTs. Then watch the rotation back into great NFT projects and the rise of gaming.
- When we stack Eth we’ll see clear new narratives for Altcoins and Renaissance will be here to cycle into them for the massive leg up.
- ⚡⚡⚡ Blackrock buys Ethereum this year and we go parabolic, prices will never trend this low again for Eth.
Me and my accountant when Blackrock start buying Ethereum………
We’ve nailed a 5X on $LUNA and the news is that Do Kown is potentially getting released tomorrow - watch this price when news comes out either way, it can really jump!
The ERC-404s bets we’re making and what to do: 👇
This is a massive trend now that will change Eth and NFTs forever! Though this is also due to paid marketing across a number of channels, this is how it’ll play out - and as expected - they don’t rip, they dip.
ERC-404 allows for:
- Coins to have fungible and non-fungible properties.
- Fractional ownership of NFTs
- NFT's to be sold immediately on a DEX
- A solution for the NFT Illiquidity problem
But you can’t kill an ideaaaa. And the narrative will stick around and they will recover from these sell-offs!
⚡ This will have its moment, not right now when you think the heat is on, but when Eth scales, the upgrades are released and NFTs surge (watch the Ethrocks sales, it’s happening) these will take over!
⚡ Position yourselves not on hype, but on good dips when the sellers have been and gone - out ahead of the traction needed for the wave! 🌊
These are the ones we like:
- $SCPT is the first to make it actually usable and offers real rewards using 404 tokens as a reward system with dynamic NFTs. This is worth a small bag https://dexscreener.com/bsc/0xcd730b45b703aa4f351adf0f98267a37fd5054eb
- $BAKE is one of the few ERC404s that didn’t die a death during the initial hype and bounced with Pandora (we don’t really like Pandora, too much bad heat).
Why we love $BAKE (aside from the novel utility’s) - It’s basically an ERC404 Suite/ Factory as they call it. They have a TG Bot to deploy your own ERC404! https://dexscreener.com/ethereum/0x85b864e2371585df5368100a31b7761dc0b5946e
- $MNRCH is a buy as one of the top names in the ERC-404s. Get a bag!
LITTLE BITS 😎
Nvidia is now the 4th most valuable company in the world!
And Cathie fumbled the bag here yet again…
Bitcoin smashes past 50k! A Forbes recap
How top engineers manage their time and productivity
Biden endorses Bitcoin by accident ahahah
All our girlfriends getting the surprise of their lives with the princess treatment they got on Valentines day
NOSTALGIA OF THE DAY
Business, Money Markets & Financial News
🚀 AI Stocks: Meet the Silicon Squad! 🤖💸
- Alright, people, gather 'round the digital bonfire, grab a beer and let’s talk AI stocks. 💰 It’s no secret AI has led the charge on S&P returns recently. In fact without the AI boom the S&P would have been down last year rather than roaring upwards.
- With experts predicting AI will be the main driver of returns over the next decade, let's decode the matrix and check out the Silicon Superstars that can makes us all filthy rich:
🔍 1. Microsoft Corp. (MSFT) - Windows to the Future!
- Implied 2024 Upside: 17.1%
- Now MSFT aren’t just flexing Windows; they’re throwing a billion-dollar AI bash with OpenAI. They even brought ChatGPT along! Analysts predict a $475 jackpot. We’re all going to be fat, plugged in to Microsoft VR and Bill Gates can do whatever he wants.
🚀 2. Alphabet Inc. (GOOG, GOOGL) - Google's AI Extravaganza!
- Implied 2024 Upside: 18.3%
- From Gmail filters to a chit-chatting Bard AI they launched last year. They’ve recently launched Gemini claiming it’s the most powerful AI system in the world. 👀 Analysts predict a $170 boost, and we're Googling "how to dance with algorithms."
📦 3. Amazon.com Inc. (AMZN) - Prime Day for AI!
- Implied 2024 Upside: 8.6%
- Amazon's got AI in every package – targeted ads, recommendations, Alexa's hot takes, you name it.
- Is AI integration the secret sauce for AWS’s slowing growth? Analysts are ordering a $185 refill for the Prime magic.
💻 4. Nvidia Corp. (NVDA) - The Graphics Grandmaster!
- Implied 2024 Upside: -13.5%
- We’ve said it before, in a gold rush don’t dig for gold, sell shovels.
- Nvidia provides the massive processing power needed to run advanced AI application. In this context AI is the gold of the digital age, and the shovels are the critical tools and technology it needs. In comes Nvidia.
🌐 5. Meta Platforms Inc. (META) - Meta's AI Fiesta!
- Implied 2024 Upside: 19.7%
- Formerly Facebook, Meta's got a new AI system and is testing 20+ generative AI features. They're aiming for efficiency and monetizing users, and analysts think they can do it! Setting a $550 price target.
🔧 6. Taiwan Semiconductor Mfg Co. Ltd. (TSM) - The Semiconductor Symphony!
- Implied 2024 Upside: 9.4%
- See Nvidia above. Another shovel. We need the chips.
- They manufacture all the advanced AI semiconductors for Nvidia and other AI chipmakers. They’ve recently said demand for their chips will lead to 20% revenue growth in 2024.
It’s like stealing chips from a baby…..
🎨 7. Adobe Inc. (ADBE) - Adobe's Creative AI Jam!
- Implied 2024 Upside: 7.1%
- Adobe's Firefly generative AI is turning Photoshop into a digital masterpiece. At the CES 2024 conference last month their vice president of generative AI said that they’re transitioning from a software company to an AI company (join the club.)
💡 8. International Business Machines Corp. (IBM) - Watson's AI Concert!
- Implied 2024 Upside: 22.7%
- Finally IBM, the last few years they’ve been working on their AI supercomputer Watson in ways to revolutionise health care, finance and law.
- They got their eyes on the future and in December launched the AI Alliance with Meta. All setting the stage for a fat $225 price target.
Wealth Building, Personal Finance Hacks & FAT FIRE
Money-Market Madness: The “Why Keep Money in a Regular Bank” Revolution! 🌐💰
- We damn hope this isn’t you, not our readers! But here’s another reminder that your money best not be getting lazy in some regular bank, earning close to zilch.
- Global politics is different, inflation is different, and big Jerome has been at the wheel.
- For years people have been chilling with their cash, not expecting much action. In came the Fed's grand plan to fight off the bad guy named Inflation.
- Suddenly, people realized they could earn a solid chump of change on their money.
🏦 Bank Woes and SVB Wake-Up Call:
- This party then really kicked off when Silicon Valley Bank decided it needed a nap and took a tumble. That was like a red carpet for folks to ditch the idea of parking their moolah in regular banks. "Unsecured risk" is the fancy term, but basically, if your money's idling at a bank, it's not getting the TLC it deserves.
- And do we really need to give you another reason to not park your money in banks?
- Fast forward to the July rate hike – boom! Money-market fund yields went beyond 5%, hitting levels not seen since the prehistoric 2008 financial crisis. Savings accounts were left in the dust, offering a measly 0.45%.
- All of a sudden people couldn’t stop buying money.
📈 The Inflow Surge:
- Numbers time: A whopping $1 trillion has joined the money-market party in the last 18 months, pushing total assets to a jaw-dropping $5.64 trillion. This year alone, $900 billion rolled in.
- Retail money funds are now 38% of the industry
- In a world where money is finally waking up from its snooze fest, money-market funds having been having their moment.
⚡ Moral of the story: We’re all about investing and growing capital here. And we definitely don’t trust the centralised financial system. But if you've got any cash at hand you better have it in a high yield account so it’s working for you, or what are you………
Meme of the Day
That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)
