Summary of InvestAnswer's Posts Jan 17-19 2024 (Patreon)

Summary of InvestAnswer's Posts 

Date: 17 January 2023  - 19 January 2024 📈

Tesla One Stock:

IA was questioned about his ultimate investment choice, and without hesitation, he pointed to TSLA. Drawing on nearly 35 years of intensive study, he marvels at the unprecedented nature of Tesla and considers it a miracle that such a lucrative opportunity remains relatively affordable. IA's commitment is evident as he diligently monitors himself for cognitive biases.

Money Market - TSLA continues to dominate IA's money market investments, reflecting his unwavering confidence in its potential. Between 2017 and 2020 he considered bitcoin a place to park cash. Now he considers it Tesla. 

Model 3:

Tesla introduces the adaptive highlights feature for the Model 3, enhancing its appeal and functionality.

Model Y:

In a groundbreaking achievement, the Model Y claims the title of the best-selling car in Europe for 2023, marking a historic first for electric vehicles. It was already the best selling car on Earth a first for an EV and it smoked the competition with no marketing or advertising. 

Bitcoin Proxies CLSK:

Sets a 2025 Bull Market target of $24 price target for CLSK, anticipating further increases in hash and drawing parallels with early 2023 market dynamics.

BTC ETFs:

Expresses confidence in BTC's resilience, foreseeing a gradual uptick in price as ETFs absorb excess GBTC supply over time. The process is expected to unfold steadily as traditional finance players conduct thorough due diligence.

ETF Flows:

BTC ETFs witness a strong influx on Day 4, accumulating over $3B, with IBIT surpassing $1B, positioning it as the second-largest commodity ETF, trailing only Gold.

GBTC Shuffle:

An intriguing movement sees 14k BTC transitioning from Grayscale to Coinbase, followed by acquisitions from Blackrock and other ETFs.

BTC to 38K:

Assigns a less than 4% likelihood to BTC hitting 38k based on his calculations, identifying sub-40k levels as his potential buying point.

Hashrate:

Bitcoin achieves an unprecedented hash rate of 500 exahashes/s, showcasing its dominance and highlighting its robust backing by the world's largest computer network.

FBTC:

FBTC surpasses a billion dollars in Assets Under Management (AUM), underlining its growing significance.

Q1:

IA acknowledges the possibility of a downturn in Q1, aligning with Tom Lee's forecast of a 7% decline to commence 2024. He will still continue to deploy his cash stash into his fave names - heavy Crypto this season. 

HONEY:

IA reveals his recent tiny acquisition of HONEY as part of his investment portfolio. He does not like the tokenomics but felt a small piece would be ok. 

Margin:

Providing insights into his margin strategy, IA discloses having $35 margin available for every $100 account, ensuring a substantial cushion and flexibility.

Stacking Time:

Despite a challenging start to 2024, IA emphasizes that it's "stacking time" and anticipates a bullish turn in the near future.

Interest Rates:

Expressing concern, IA questions the sustainability of the current U.S. interest expense of 1.05 trillion.

Solana Fundstrat:

Fundstrat's team forecasts a significant surge in Solana's value, projecting a range of $500-600 for the year 2024.

SOLALTS:

IA unveils plans for a "12 SOLALTS of Christmas" with specific allocations and a few high-risk ventures, allocating a tiny percentage of his Crypto - less than 5%.