Maria’s Note: Regular readers know that, here at Inside Wall Street, we advocate for a small speculation in Bitcoin as part of any well-rounded portfolio.

But when it comes to trading crypto, we understand that many folks are still hesitant. So when the essay below crossed our desk, we knew we had to share it with you.

It comes from our colleague and hedge fund Market Wizard, Larry Benedict. He has spent 18 months perfecting a strategy he calls “Bitcoin Skimming.” And when Larry talks, we listen…

Larry has been trading the markets for close to 40 years. His hedge fund made $95 million in 2008 – the same year most of the market was falling to pieces after the subprime mortgage crisis. He even went 20 years without a single losing year.

And tomorrow, Wednesday, October 25 at 8 p.m. ET, he’s sharing details of his Bitcoin Skimming strategy. In testing, Larry’s strategy saw profits of $3,615… $4,036… even $4,898. Without buying or owning Bitcoin.

To get the details from Larry, save your spot for his Bitcoin Skimming event with one click, right here. Then, read on to find out how this strategy can give you an edge in these turbulent markets.

Many investors are in limbo…

The beginning of this year ended up surprising many people, as themes like artificial intelligence (AI) energized the market and sent the Nasdaq soaring as much as 39% in the first half alone.

Yet in more recent months, rumblings in the market have suggested that the good times may be waning. During September, the Nasdaq fell -5.8%.

Plus, we now have a new war in the Middle East. There’s disorder in Congress. And many anticipate another rate hike before the end of the year. So it’s understandable that concerns about the future may linger in people’s minds.

And consumer sentiment shows these concerns.

The AAII Sentiment Survey asks people to forecast where they think the market will be in the next six months.

At the beginning of October, 41.6% held a bearish outlook, 28.3% were neutral, and just 30.1% were bullish.

Now, optimism has bumped up – with more recent results coming in 36.5% bearish, 23.5% neutral, 40% bullish.

Still, it’s clear that expectations are split on the direction we’re heading.

Maybe you’re in the same boat… not at max fear, but still wary of what could happen next.

That’s a difficult place to be when you’re trying to make money and prepare for retirement.

And that’s why I want to share one of the best ways I’ve come up with to make money no matter what the market does.

Embrace Price Swings

One asset this year has caught my attention. And if you’ve followed me in the past, it may surprise you…

I’ve long avoided the crypto space, even turning down the chance to buy Bitcoin back in 2016.

At the time, the riskiness and hoops to jump through turned me off. Yet I’ve never discounted this sector’s potential. I just needed to find the right way to play it.

And lately, Bitcoin has made interesting moves.

It started off the year at around $16k… and is currently trading at around $34k. Yet it’s been anything but a straight line up.

It got a major boost with the bank failures earlier this year. As a reminder, Silicon Valley Bank failed around March 10. Over the next week, BTC surged almost 48%.

But from mid-April to mid-June, it slumped from $31,000 to just $24,000 – a drop of over 20%.

This kind of volatility is well-known in the crypto space. And it’s why many people have had fortunes wiped out when Bitcoin falls into a downtrend.

So you may be surprised to hear me say that I’m just as excited by these falls as I am when Bitcoin goes to fresh highs.

That’s because I’m not looking to catch a wave up. I’m just looking for lots of action. And Bitcoin gives that to us.

In September, in fact, Bitcoin’s transaction volume hit a two-year high, with over 700,000 transactions in a day.

That’s playing right into the strategy I’ve been developing. And now I’m bringing it to you.

A 6X Bigger Win

I’ve found a way to profit from Bitcoin that doesn’t rely on buying and holding it.

You don’t have to open a crypto account. And you don’t have to come up with lengthy passwords or worry about exchanges getting hacked.

Instead, this is a simple strategy you can use right in your brokerage account. I call it “Bitcoin Skimming.”

How does it work?

Take last year, for example. Bitcoin had become extremely correlated with the overall markets. And as most of us will recall, the markets were having a rough time.

From the beginning of the year to June, the S&P 500 fell over 20%.

So given that correlation, it didn’t make sense to bet on anything but the downside in Bitcoin.

But in July, that negative pressure started to weaken. And Bitcoin regained some short-term momentum.

That meant it was time to put my trading strategy into action and open a position that would benefit from a recovery in Bitcoin.

In just five days, we were able to make an 87% gain. During the same window, Bitcoin itself only rose 13.5%.

So we were able to make over 6X using my strategy compared to buying Bitcoin directly.

Even better, we’re able to profit using this strategy even when Bitcoin isn’t going up…

On another occasion, Bitcoin was struggling to stay at its highs, and we saw an opportunity to the downside in this space.

As Bitcoin fell -18.7%, we made 72.3%.

Better Than “Buy and Hold”

That’s part of what makes this trading strategy so powerful.

And it doesn’t apply exclusively to Bitcoin – although that’s where I’ve achieved some of our biggest gains.

I’ve used my strategy to help readers profit from market trends like AI, the bond market, energy, and more.

Trades like these are how I helped regular people make 71% on their cash in 2022 while the overall markets sank -19.4%.

And that’s the reason I don’t want you to miss out on these types of opportunities.

I’ve shared this technique with a small group of my followers. And during our testing, we surpassed the returns of Bitcoin “buy and holders.”

In fact, we were able to bring in numbers like $4,898 in as little as a week.

That’s why, in these uncertain times, I want to make sure you’re in the know about this strategy.

And I’ve been preparing my Bitcoin Skimming event to break it all down for you. That way, you can take advantage too.

It’s happening tomorrow, October 25, at 8 p.m. ET. And I’d love it if you joined me.

Whether you like Bitcoin or hate it, you deserve to know how to profit from it through Bitcoin Skimming.

So please make sure you don’t miss a thing by reserving your spot with one click right here.

Regards,

Larry Benedict
Editor, Trading with Larry Benedict