Daily Digest: Summary of InvestAnswer's Posts (Patreon)

Date: December 4, 2023 - thanks Josh 

Tesla:

• Politics & Macro Trends: IA likens buying Tesla now to buying it at $17 years ago or BTC at $3,000.
• Tesla's Market Position: Acknowledges Tesla as the top-selling EV worldwide. Even in China where price is a lot higher than BYD 
• Investor Insights: Noted investor Raul Pal has become a Tesla investor, influenced by IA like SOL :D - most probably.
• Bullish Outlook: IA far more optimistic about Tesla than ever before; notes Tesla's advancements in AI and self-driving technology. The CT event blew his mind. 
• Portfolio Rebalancing: IA adds to his Tesla holdings, balancing his portfolio which became over 50% Bitcoin/MSTR focused - so he addeds to try bring it back in line.  Tesla has not run yet but it will in 2024 and 2025.  Tailwinds are going to be hurricane like. 

Bitcoin:

• Market Observations: Highlights the extraordinary times in crypto; discusses the profitability of Crypto investments. What is even more strange is everything is moving 5 mths away from halving. 
• Price Movements: Notes BTC's rise to $40k, surpassing previous highs.
• Market Predictions: IA forecasts significant movements for BTC, expecting it to hit 100k in 2024 or 2025.
• Comparative Analysis: Draws contrast between Bitcoin's growth and gold's decline when you divide by M2 Growth.

Solana:

• Market Performance: Mentions both Bitcoin and Solana showing strong performance. SOL taking a breather after a 600% move off the bottom. 
• Investment Perspective: Encourages embracing change, viewing Solana as a consensus trade.  He does not see ETH chains running as fast this cycle. 

Altcoins:

• Jupiter $JUP: When it launches IA will probably buy. 
• Scam Alert: Warns about a fake Jupiter tokens, with more details on Patreon post.

Trading:

• SOL3L Investment: Downplays management fees for SOL3L, highlighting its high growth potential. When you are making 20 to 50% a week on PTOS the fractional fees are a nothing burger. 
• BTC Profit Taking Model: Shares a master BTC profit-taking model.  REM this is to be customized for your own purposes for your own goals.  IA gives you the tools.  They are there to help you make decisions. 

Notable Market Moves:

Bitcoin Proxies:

• MSTR Gains: MSTR nearing $2 billion unrealized gains in Bitcoin.
• Hut8 Critique: Continues to express negative views on Hut8. "mixing a dog with dog with fleas analogy - there is no good outcome"
• CLSK Investments: it continues to run and heading to $10 to $12.  Hard to believe it was $3 a few weeks back. Advises holding CLSK positions despite potential profit-taking opportunities. 

Trading and Investing:

• Bear Market Opportunities: Suggests that billionaires are made in bear markets.
• Investment Strategies: Advocates for investing deeply in limited categories, avoiding sectors like pharma or biotech. IA sees biotech as far riskier than Crypto!