IA Digest 28 - 29 December 2023 📈 (Patreon)

Thanks Josh 

Bitcoin Miners Resilience:

Despite the recent decline in BTC price, BTC miners price is still rising. 

CLSK and CIPR Potential:

IA anticipates a 2-3x growth for CLSK and CIFR from the current levels.

MSTR Trade Update:

IA secured a $43 premium for an option significantly out of the money, covering only a third of his portfolio, a position already deemed overweight. MSTR needs to appreciate by $83 for IA to incur losses. IA considers this a calculated risk and commits to sharing real-time updates.

Miner All Time Highs Unlikely:

IA expresses skepticism about BTC miners reaching previous 2021 Bull Run all-time highs, attributing it to substantial dilution during the previous cycle.

Altcoin Potential:

IA suggests that if BTC experiences a 2x increase, altcoins could see a more substantial 5-6x surge.

Tesla: FSD Rollout:

Tesla has initiated the deployment of FSD v12.1 to employees, with plans to extend it to a broader user base over time.

Solana: SOL to ORCA Swap:

IA executed a swap, exchanging SOL for ORCA.

Equities:

SE Price Target: IA sets a price target of $60 for SE.

Solana and Ecosystem:

Price Predictions: IA expresses astonishment at SOL surpassing $100 and maintains his belief in a 3x growth cycle, emphasizing potential gains through pair trading. ⁠

Risk Assessment: Comparing SOL to ETH, IA perceives SOL now as less risky considering money flow between networks

Consensus Trade: IA still designates SOL as the consensus trade 2023/2024

Pyth Outlook: IA expresses bullish sentiment on PYTH, anticipating significant market share gains from LINK, citing its superior technology in terms of efficiency and cost. ⁠general-topics⁠. IA did move his Pyth to Raydium as a short term swap however. 

MSTR Hedging:

Hedging Strategy: IA reports successful hedging of MSTR by selling the MSTR 700C Jan 2024, with the options performing well. ⁠mstr-and-proxies⁠

Future Trade Plan: IA plans to lift the hedge before January 5th, anticipating ETF approval and highlighting the initial hedge initiation due to substantial premiums. ⁠mstr-and-proxies⁠ ⁠mstr-and-proxies⁠

Bitcoin Miners:

Price Action Analysis: IA notes the recent setback for miners on Dec 29th but highlights substantial gains over monthly intervals as normal after a significant run. ⁠mstr-and-proxies⁠

Riot Investment: IA acquires RIOT, securing the top spot on his miner framework by selling 2026 15 puts and purchasing 2026 15 calls. ⁠mstr-and-proxies⁠

Trading Strategies:

Year-End Selling: IA utilizes the last day of the year for selling to clear positions, advocating the principle: if you wouldn’t buy it today, sell it. ⁠mstr-and-proxies⁠.  He is now sitting on a lot of cash and will deploy into BTC and SOL this weekend.