InvestAnswer Daily Digest - December 8, 2023 (Patreon)

InvestAnswer Finance Digest - December 8, 2023 - thanks Josh

1. Bitcoin Strategy Update: InvestAnswer (IA) is eyeing an opportunity to expand its Bitcoin holdings at the $42k level. 
2. GBTC ETF Watch: With the potential approval of the BTC ETF, IA anticipates the elimination of the GBTC discount and hints at Fidelity's interest in Buying Grayscale's Bitcoin Trust.
3. Bitcoin vs. Tesla Price Forecast: IA predicts Bitcoin reaching $500k before Tesla (TSLA) hits $8,000.
4. Portfolio Balancing Act: As crypto values rise, IA strategically adds more Tesla shares to maintain portfolio equilibrium. He has done this for years.  
5. Not All Things Pop At Once: means that different asset classes and even individual assets within the same class don't always go up at the same time... each asset has its own rhythm.  IA likes to identify winners and set traps and wait. 
6. Exclusive Tesla Expert Herbert Ong Interview: IA teases a two-hour interview discussing Tesla's future and valuation models. Mark your calendars for Sunday's release! It will be on Herbert Ong's Channel. IA will also be on Ran's channel on Sunday and also do Q&A on Sunday.  Busy week. 
7. Tesla's Growth Trajectory: After seven years of close study, IA reaffirms his belief in Tesla's exponential growth, backed by conservative valuation figures.
8. Solana's Market Outlook: Reflecting on SOL's turbulent last 12 months with the FTX blow up etc, IA saw it as a rare buying opportunity and likens it to entering a "burning building" when price was $8.  People are now FOMOing in at $70 - nearly 900% later!!!!! 
9. Solana's Price Volatility: SOL has witnessed significant price movements in the last 24 hours, a notable mention by IA. SOL ecosystem is something IA has his eye on and he is building out a small #DEGEN portfolio with names that have extreme adoption (Pyth, Marinade, Orca, Bonk)
10. Solana's Ecosystem Analysis: IA shares insights with a Sankey chart illustrating SOL's inflows and discusses his recent investment moves in BONK and MDNE using SOL. 
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12. SOL vs. ADA - Transaction Speed Comparison: IA highlights the stark difference in transactions per second between Solana (SOL) and Cardano (ADA).  SOL running at 4000 TPS and ADA running at 2.6 TPS
13. IA's Investing Philosophy: Emphasizing his passion for the community, IA shares that his motivation is not for financial gain. His focus is on winning, excellence, and sharing success without indulging in negative behaviors. This is what drives him.  He says "When you detach emotionally from money, your success in investing and trading skyrockets!"