IA Daily Digest 30 - 31 December 2023 📈 (Patreon)

Summary of InvestAnswer's Posts Date: 30 December 2023  - 31 December 2023 📈 

Bitcoin: Spot ETF Approval:

Speculation is growing that the SEC might notify issuers of approval for a January 10th launch as early as Tuesday or Wednesday. This would be non public. 

Swaps:

IA suggests swapping GBTC for miners and MSTR, emphasizing the ease of trading MSTR compared to GBTC if you are a trader

Buys:

IA recently acquired additional BTC at $42k 

IA increased his SOL position at $101.21.

Two days in a row he did this. 

Ecosystem:

SOL Alts are gaining momentum, and IA feels underweight on SOL alts despite their current size.

Hopium:

IA shares optimistic insights from Samson Mow, predicting a BTC ATH in 2024 with a price target of $1 million.

BYD:

IA expresses frustration with mainstream media promoting BYD, asserting that TSLA outperforms BYD in every metric bar making $15K cars

Pair Trading:

IA keeps MSTR and TSLA separate, avoiding pair trading. While MSTR is riskier, IA anticipates it doubling faster than TSLA. He is patient, he knows, like SOL, one day TSLA will explode when the world realizes what it is.  He has seen this same thing happen most of his life. Hence he says "get in early, get in hard"

Option Trading:

IA purchases options almost always - IA then takes possession of the equity upon assignment. He adds this to his "margin mattress" that he uses to sell tons of puts!

Portfolio:

2023:

IA reflects on 2023 as a mind melting year, emphasizing the difficulty of achieving another 10x year following a substantial base increase.

BTC PROXIES

IA expresses a preference for miners, specifically MSTR, and pureform BTC holdings over GBTC due to the current 6% discount. In a fun note, IA made far more in one year on MSTR than 7 years accumulating Bitcoin!!!!  This is the power of options. 

Price Action:

The cryptocurrency market has witnessed a positive trend over the last 12 hours, with BTC gaining $900 and SOL experiencing an 8% increase.

Tesla EV Sales:

Contrary to expectations, Tesla's sales show no signs of slowing down.

Model 3 Highland:

A Model 3 Highland, identified by its VIN from the Fremont factory, was recently spotted in Shanghai, sparking rumors about potential U.S. deliveries in Q1.

Cost Basis:

Over the past year, IA significantly increased his Tesla position, originally acquired a lot in 2017*2019 at a cost basis of $17.50. With more than tripling his position this year, the current cost basis stands at approx $130.

Trading and Investing 2023:

Reflecting on exactly a year ago, IA notes that MSTR was priced at $190, and SOL at $13 serves as a notable example of successfully anticipating the bull market.

Trade Alerts:

IA discloses recent transactions, including additional BTC purchases at $42k and SOL acquisitions at $100.