Elon Musk: THIS will be bigger than Tesla
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Hello. I'm James Altucher. I've been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it's because I make big predictions… That tend to come true. Today, I'm revealing a brand-new prediction:
American manufacturing will leave China…
And make a triumphant return to America…
Thanks to AI-powered robots.
The technology is being developed right now. I'm talking about, among others… Elon Musk's Optimus robots. These robots are autonomous workers… Embedded with a smart “AI brain”. Musk is going to use thousands of them in Tesla factories… AI robots will make it cheaper to manufacture goods here in America than China. And they'll create new American jobs in construction, maintenance, transportation, management, and more. Musk believes the potential of these robots is almost limitless… And could soon exceed Tesla's revenues… He's even said his robots have the potential to be used in homes… To make dinner and do housework… Care for the elderly… Or even hinted at them… Being a buddy or “romantic companion” for lonely people. Now that may sound strange… (And perhaps it is.) But I've learned not to bet against Musk's vision. And this is just one of the ways AI will transform our economy and society. In fact, I now predict… Between now and March 8, 2024… Next generation AI technology will open a “wealth window”… That could be the biggest wealth-building opportunity of your lifetime. I now expect AI to be the first $100 TRILLION industry. There could be trillions available to those who get in early… Today, for the first time… I'm showing good Americans exactly what to do… Go here now to see my plan… For investing in AI during this brief “wealth window”.
P.S. If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in before March 8, 2024. Don't delay. See all the details you need here.
Warren Buffett has made his dislike for Bitcoin known over the years. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” he said in 2018 . At the time, Bitcoin was priced at about $15,000.
Today, Bitcoin's value has soared above $50,000. Yet Buffett hasn't changed his tune. Even if someone offered him all the Bitcoin in the world for $25, Buffett said, he wouldn't take it. “Because what would I do with it?” he asked. “I'll have to sell it back to you one way or another. It isn't going to do anything.”
There's an exception to every rule. Buffett doesn't like Bitcoin, but that doesn't mean his holding company, Berkshire Hathaway (BRK.A) (BRK.B), dislikes it.
Berkshire now has a market cap of almost $900 billion, and Buffett has many experienced advisors helping him manage its sprawling portfolio. Either he or one of his advisors, it seems, loves one stock in particular, enough to make a $1 billion bet on it. That stock is heavily exposed to the rise of cryptocurrencies, Bitcoin included.
Riding the Bitcoin wave
There's an old adage during gold rushes: Don't chase the gold, sell pickaxes — you're sure to profit whether gold is discovered or not. This is exactly the strategy Nu Holdings (NU -0.63%) is following when it comes to profiting from crypto.
In 2013, Nu took the Latin American banking industry by storm under the name Nubank. The pitch was simple: For too long, the region's banking industry had been controlled by a handful of powerful players that used their market dominance to charge customers high fees for simple services.
Born as a digital-first bank, Nubank began offering low-cost financial products like bank accounts, credit cards, and personal loans to anyone with a smartphone or computer .
Latin America's appetite for low-cost and easy-to-use financial products proved overwhelming. In 2014, for example, the bank had almost no customers. That figure has grown every quarter since, surpassing 90 million in 2023 . Amazingly, more than half of Brazil's adult population are now Nubank customers.
Nubank has done a terrific job adding new financial products as customer growth has taken off. That way, the company benefits not just from a rising customer count, but also from those customers using an increasing number of products.
When Nubank was launched, the average customer was using only one of its products — the only product the bank was offering at the time. Today, new customers start with an average of three financial products, a number that only grows the longer they are with Nubank .
One of those new products is Nucripto, introduced in 2022, which allows Nubank users to buy, sell, and transact in more than a dozen cryptocurrencies, Bitcoin and Ethereum included. In its first month of operation, Nucripto gained more than 1 million active users .
Nubank is still early in its crypto growth. It is rolling out its own digital currency, Nucoin, and continues to add new cryptos to the platform, including Polkadot and Avalanche .
The company still makes most of its money from other financial products like credit cards, insurance policies, and traditional investment accounts. But it has a leading position in Latin America's crypto market, with more than 1 million active users and a platform that grows stronger every quarter.
A classic Buffett stock?
While Buffett avoided technology stocks for decades, he has a long history with banks. Berkshire Hathaway owns stock in Bank of America and Citigroup, for example, and it owned Wells Fargo stock for years.
In many ways, Nubank is a classic Buffett stock. The company was founded by David Velez, a former venture capitalist with experience at Sequoia Capital. Besides an experienced founder, Nubank also has a strong economic moat. Competitors will find it difficult to replicate its business model.
That's because Nubank started from a digital-first position. The rest of the industry, meanwhile, is largely stuck with a high-cost business model that requires large staffs and expensive physical branches.
Nubank can simply move faster and more efficiently than the competition, an advantage that won't disappear anytime soon. The crypto aspect is only one growth driver for the company, but that is exactly the point. Nubank offers many high-demand financial products to its growing customer base, and despite rapid growth in recent years, the company still hasn't tapped most of its potential addressable market.
Shares aren't exactly cheap given a strong run-up in 2023, but investors like Buffett know that it pays to be an early investor in stocks that can grow consistently for decades to come.
The Nvidia Killer is Here
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Artificial intelligence could have already made you a millionaire… Because back in 2013, researchers from Stanford University built the “world's largest virtual brain” with Nvidia chips. This single event marked the beginning of the chipmaker's reign as the “King of AI.” You could've raked in 12,035%gains had you bought Nvidia shares when this story became public. That's enough to turn a $9,000 stake into more than $1 million. But there's no reason to beat yourself up for missing out on this life-changing opportunity. Today you have a second shot at six- or even seven-figure gains. Because there's a new player in town… One that's set to dethrone Nvidia. This off-the-radar company from California is about to release an AI chip that's superior to Nvidia's technology. I'm talking about a 100x performance boost. Access to this kind of chip is still highly restricted. The U.S. Air Force is one elite client that was allowed to use it early. But soon it will be available to the mainstream. And if you position yourself BEFORE this chip reaches the mass market, you could turn every $1 into $120… Just like early Nvidia investors did. I just published a brand-new presentation on this unique opportunity. Access is instant and free. Get the full story here while there's still time.
