James Altucher of Paradigm Press has released a stock teaser presentation about what he’s calling “Elon Musk’s Final Blueprint,” or project “X-9840.”
In short, Altucher predicts that Musk plans to “revolutionize money” with this new venture, making investors a potential “10 times” their money in the years ahead.
“After revolutionizing space exploration and the auto industry, I predict Elon will revolutionize MONEY with this new venture. Once Elon flips the switch, which could happen in the next 24 hours, it could send this sub-$5 play skyrocketing in the coming months.”
[…]
“Making 10 times your money in the coming months and years is not out of the question.”
Source: https://web.archive.org/web/20240826013729/https://pro.paradigmnewsletters.org/p/aln_xprojecttmb_0724/LALN4733/Full
What is Elon Musk’s Final Blueprint (X-9840)?
What stock is James Altucher teasing?
Let’s take a look!
Unpacking James Altucher’s Prediction
The core of James Altucher’s prediction is that Elon Musk plans to revolutionize money using his social media platform X (formerly known as Twitter).
Basically, he says Musk wants to turn X into the “everything app” that will impact every aspect of our financial lives.
“I predict X.com will change every aspect of your financial life…
“Including how you use credit cards…
“How you buy anything online…
“How you save for retirement, etc…
“And this is NOT something that’s many years away.
“Elon Musk wants this new financial hub…
“To begin to replace traditional bank accounts by the end of this year.”
Why does he believe Elon Musk wants to do that?
Altucher doesn’t share any hard proof of any new “project” in the presentation, so it’s really just his prediction about what he thinks will happen.
But he did make a fairly compelling case for his prediction.
First, he talked about how Elon Musk created a bank called x.com back in 1999 to serve as a “one-stop everything-store for all financial needs,” which had the charter number 9840 (hence the whole “X-9840” thing).
However, Elon’s partners apparently didn’t share the same vision as him, so that was the end of that, and it later became PayPal.
“… in 1999, Elon Musk created a bank called x.com…
“And as you can see…
“It had a charter number 9840.
“At that time, Elon had a big vision.
“He wanted to turn X.com…
“Into a one-stop everything-store for all financial needs…
“Including banking…
Digital purchases…
Checking and savings accounts…
Credit cards…
Investments and loans.”[…]
“Now, the problem is that in 1999…
“His partners didn’t share that same vision.
“So they changed the name of the company to Paypal…
“And decided to focus only on online payment processing.”
So, that more or less “proves” that Musk did (at one time) have an interest in creating the type of “one-stop shop” financial platform that Altucher is referring to.
From there, Altucher shared a quote from Elon Musk about how he essentially wants X (Twitter) to replace the need for a traditional bank account:
“Elon wants you to conduct your entire financial world on X.
“As he said recently:
“‘If it involves money, it’ll be on our platform. It’s not just, you know, send 20 bucks to my friend. I’m talking about, like, you won’t need a bank account.’
“That’s why I predict X.com will change every aspect of your financial life…”
Lastly, he shared some insight into how X has already received licenses to “facilitate money transfers” in 23 states in the U.S., indicating that the plan is already in motion.
“X has already received licenses to facilitate money transfers in 23 states…
“And counting.
“As soon as Elon Musk gets approval nationwide…
“Which could happen at any moment now…
“He will flip the switch.”
So, to sum it up… Altucher believes that Musk wants to transform X from a social media platform into a platform that will “change every aspect” of our financial lives.
“He’s essentially converting the old social media company Twitter…
“Into what I believe could be…
“The biggest financial technology firm in the world.”
I would recommend taking much of what he says with a grain of salt (since the whole thing’s basically a sales pitch for his newsletter), but Altucher did make a fairly compelling case about what Elon Musk could be planning to do with X.
So, generally speaking, he might be onto something.
By no means does that mean his prediction will make you rich, but it’s possible Altucher could be right about the general direction X is heading.
What stock is he teasing?
I’m not 100% sure on this one, but I’ll break down what I found, and if you think you know what it is, share your guess in the comments below.
What Stock Is James Altucher Recommending?
Early on in the presentation, James Altucher shared some hints about who has invested in Elon Musk’s so-called “new venture,” like this one:
“… some of the best venture capitalists in the world…
“Have already invested in Elon’s new venture.
“Take a look at these names on the screen…
“Larry Ellison…
“That’s the billionaire founder of Oracle Corporation, one of the largest software companies in the world.
“He invested a whopping $1 billion.”
However, when you look into that clue, it turns out Altucher was just referring to how some billionaires (including Larry Ellison) invested in X itself.
And since X is a private company now, that is not the stock that James Altucher is teasing.
Instead, he’s recommending a company that he claims has “developed a payment processing technology” that will “play a key role in Elon’s vision.”
“It’s a little-known company that has developed a payment processing technology…
“That I believe will play a key role in Elon’s vision.
“Even though the media didn’t give much attention to this…
“The founder of this company has already partnered with Elon on a different project…
“And this isn’t some new tech that has never been tested.
“They’ve already used this technology to process…
“12 billion transactions.”
So, we’re looking for a company that has developed some type of payment processing tech and that has already partnered with Elon Musk on a different project.
What else did he say?
According to Altucher, the company has partnered with IBM, TD Bank, Deloitte, the World Bank, and Visa. And it can process payments “570 times faster than Bitcoin.”
“They’ve proven over and over again that they can process payments safely…
“At an essentially zero transaction cost.
“And do it fast…
“570 times faster than Bitcoin.
“No wonder this company has already partnered with…
“IBM… TD Bank… Deloitte… the World Bank…
“The credit card giant Visa…
“And Franklin Templeton, one of the world’s largest asset managers with $1.5 trillion in assets.
“I believe this company has the exact technology Elon is looking for.
“And since he has already partnered with its founder on a different project…
“I predict this company will play a key role in turning the old twitter…
“Into a financial technology giant.”
Lastly, he said the investment is “trading for less than $5.”
“And right now… This investment is trading for less than $5…”
Bear in mind that the presentation is dated April 2024, so we are looking for a company that matches that WAS trading at around that mark earlier in the year.
What could it be?
My first guess was a company called Adyen (ADYEY) because it reported processing over 12 billion transactions in globally in the second quarter of 2023.
And according to benzinga.com, X is already collaborating with Adyen (and Stripe) to process credit and debit card transactions.
That being said, it’s unclear if Adyen’s partners include the companies Altucher mentioned in the presentation, and its stock price hasn’t traded for less than $5 this year at all.
So, I don’t think that one’s a match.
Further research revealed that Altucher could be teasing a crypto token, which would explain why he never used the word “stock” during the teaser.
And if that’s the case, I’d recommend being extremely cautious because there are MANY scams and overhyped sales claims in the crypto space.
In any case, after searching high and low, it’s unclear what company Altucher is teasing here.
So if you have any ideas, let me know in the comments below!
Now, with all that said, you don’t have to leave here empty-handed because I DO know what one of the companies he teased is.
Read on to learn more about that…
Recommended: Go here to see my #1 rated stock advisory of 2024
Altucher’s “AI Crown Jewel” Stock
After teasing the main stock, Altucher teased a company that he calls the “AI Crown Jewel” and said it’s the “most important AI company in the world.”
Here are the clues he shared about this one:
“… there’s one more investment I recommend you make today. It’s a company I like to call…
“The AI Crown Jewel
“You see, this company might just be the most important AI company in the entire world…
“Because it has connections to virtually all the major AI players in the world.
“And no, I’m not talking about Nvidia.
“For example, this company is supplying Tesla with a key piece of technology…
“That will soon make full self-driving cars a reality.”
[…]
“This company I’m recommending is building next-generation chips.
“So I’m going to tell you right…
“Forget about Nvidia…
“And buy shares of this company.
“I put all the details inside a special report called…
“The AI Crown Jewel: How To Cash In On The $150 Trillion AI Megatrend”
This company is most likely Taiwan Semiconductor Manufacturing Company (TSMC).
How do I know that?
I can’t be 100% sure, but James Altucher has teased this same stock in a different presentation, which I wrote about here. And TSMC matched the clues well.
So, while this isn’t his “X-9840” stock pick, it is one of the companies he teased in the presentation. And if you want to know more about why I think TSMC is a match, see the post I linked to above, as that’s where I go into more detail on his AI Crown Jewel pick.
Bottom Line
James Altucher is known for making bold tech predictions, and it appears as though he has made some decent recommendations in the past.
But that doesn’t mean his new recommendations will make you money.
And that’s why it’s so important to do your own research.
I haven’t joined the service he’s promoting in the presentation (a $49 newsletter called Altucher’s Investment Network). So I can’t say how good that is (or isn’t).
I do, however, know that he recommends some of the most speculative assets around (including crypto) and that much of the hype in presentations like this is used to sell newsletters. In this case, he’s pitching Altucher’s Investment Network.
So, at the end of the day, take it all with a grain of salt.
Anyway, that’s it from me.
I hope you found this post helpful, and appreciate you stopping by.
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