IA Daily Digest December 7, 2023 📈 (Patreon)

InvestAnswer Financial Market Brief: December 7, 2023 📈

Cryptocurrency Insights:

• Bitcoin Forecast: IA Anticipating a bullish trend, InvestAnswer projects Bitcoin's rise to around $48,000 in short order, based on historical pricing patterns.
• Ethereum vs. ADA: Q arose from a wager IA had with George - George said ADA hits $9 before ETH hits $9K.  IA has always thought ADA is a ghost chain led by a sociopath. It will most certainly never hit $9. 
• Altcoin Growth Analysis: IA shared a pair chart - showing Solana's significant 900% performance gain over Algorand this fiscal year.

Crypto Portfolio Management:

• IA is stuck now that SOL is over twice the size of his ETH.  He has done nothing but buy SOL since early 2021 and he has pretty much not bought any Ethereum since March 2020 - now he feels very overweight SOL as it is more than 2x his ETH and about to eclipse his BTC he has stacked since 2017. 

Political Finance Perspectives:

• Discussion on recent political debates involving references to Blackrock and Larry Fink's support for Nikki Haley, with a focus on investments influenced by environmental, social, and governance factors. IA does not like candidates who do not embrace Crypto.  This current regime is bad enough. 

Tesla Financial Analysis:

• Stock Predictions: Forecasts huge exponential growth in Tesla's stock value, over time driven by autonomous technology advancements, Full Self-Driving and Optimus. Energy will also match the EV business over time. 
• Valuation Strategies: Preview of an upcoming analysis with Herbert Ong on Tesla's financial modeling.

Equity Market Focus:

• AI Investment Trends: Identifies Tesla as a leading AI investment, alongside key players like Google, Baidu, Microsoft, and Amazon.
• Google Stock Analysis: Observes $142 as a resistance point for Google - good exit point, and recommending $122 as an awesome investment entry if it goes that low. 

Trading and Investment Tools:

• TABI Tool Review: Discusses the effectiveness of TABI in identifying market highs and lows, with a focus on Bitcoin and mining sectors.
• Investment Principles: Emphasizes diligence, comprehensive analysis, and boldness as keys to successful investing.

Bitcoin Miners

• IA Miner Model: Over time - the IA mining model has proven to be worth its weight in gold identifying winners like CLSK and BITF early.  IA is currently half hedged BITF and left 70 cents o the table for half his position - note when you hedge you do not lose if price goes up, only means you do not make as much.  
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