Summary of InvestAnswer's Posts Date: 11 January 2023 - 12 January 2024 📈 (Patreon)

Summary of InvestAnswer's Posts Date: 11 January 2023  - 12 January 2024 📈 

Thanks Josh

Bitcoin ETF Insights:

IA anticipates a gradual shift to a slow HODL approach once the ETF gaming trades settle. Drawing an analogy, he likens the situation to a fat guy jumping into a small pool, causing everyone to wait briefly for the waves to settle. While acknowledging the current profit-taking trend, IA underscores the long-term positive impact of the BTC ETF. In the short term, corporations are actively engaging in arbitrage based on OTC backdoor deals, exploiting intentionally vague ETF prospectuses. A steady daily influx of $450-900M should prevent a significant drop in BTC price in the future. Could even last years. 

MSTR Evaluation: MSTR is currently oversold, with 472 identified as a potential strategic level contingent upon BTC fluctuations.

TESLA FUD

Dont fret the TESLA 25% FUD - he already owns 22%

GBTC Analysis:

IA highlights substantial GBTC selling activity, contrasting it with other ETF buying trends.

OTC Trading Insights:

IA elucidates BTC over-the-counter trading dynamics, emphasizing its flexibility in trade size and negotiation.

SEC and Elizabeth Warren Commentary:

IA shares a tweet regarding Elizabeth Warren's stance on the SEC's approval of the BTC ETF.  She must be dying right now

Miners Overview:

In response to the recent miner dip, IA attributes it to miners issuing stock to acquire new modern equipment for hash rate increase. The appetite for BTC proxies wanes due to the ETF, causing miners to lag when BTC rebounds. IA discloses that 10% of his BTC is in miners, some at a low cost basis, but is currently underwater on Riot.

Trade Update:

IA discloses the purchase of additional BTC at $41,858, reducing availability for Larry Fink.

IA also bought SOL for SOLALT trading at $88

Tesla US POS Credit News:

Tesla officially incorporates the 7.5K Federal EV credit at the point of sale in the U.S.

⁠GLOBAL ADOPTION

JPMorgan says India is its No. 1 market in Asia; investors are unlikely to return to China this year

ETF Volume

Bloomberg’s EricBalchunas reports that BlackRock’s #Bitcoin ETF avg daily volume is more than ALL 500 new ETFs introduced in 2023 COMBINED.MASSIVE SUCCESS. Ignore the haters. 

COURT and SEC

This guy is going to court again to probably lose again against Coinbase 

GET OFF FACEBOOK

Mark Zuckerberg can’t avoid being called for a deposition in Texas’s multibillion-dollar lawsuit alleging that Meta Platforms profits from facial recognition technology without user consent a state appeals court ruled.