IA Daily Digest (Patreon)

Summary of InvestAnswer's Posts - thanks Josh 

Date: 8 February 2023  - 9 February 2024 📈

Cleanspark:

Experienced a 15% surge following their earnings announcement. IA highlights a notable increase in revenue by 165% YoY. Additionally, IA is pleased he added 60% to his CLSK position at $6.99 just two weeks prior.

Cleanspark Leaps:

IA mentions that 64% of his position is now free after selling options at peaks. With 36% of his position acquired two weeks ago, IA anticipates a significant return on investment, likely reaching 100s to thousands of percentage points.

IBIT:

The volume of IBIT has substantially increased, now double that of GBTC. Blackrock are really ramping up their BITCOIN Buying.  IA Thinks Aladdin could already be tweaked to allocate bitcoin for some portfolios. 

Price Predictions:

Bitcoin surged past $48k on February 9th, prompting IA to share an article suggesting a potential price surpassing $77k this year. IA also discusses the impact of ETFs on Bitcoin and reconsiders his previous target of $130k as being potentially too frugal. 

Bull Case:

IA believes Bitcoin could reach at a minimum $120k due to factors like entering a bull run during the halving, diminishing supply, and a high percentage (78%) of long-term holders, highlighting the dynamics of supply and demand.

Taking Profits:

IA opts not to sell his positions in MSTR or CLSK at present, instead choosing to hedge his positions, foreseeing a positive outlook for BTC, MSTR, and miners in the next 60 days.

SOLALTS Pyth: 

IA observes Pyth's continuous rise, affirming the validation of his thesis. Pyth is surpassing LINK on multiple metrics. He advises check the LINKETH chart from last cycle - the PYTHSOL chart could potentially do the same. 

Tesla Comp Plan:

IA references discussions involving Musk and Zuckerberg regarding Tesla's compensation disputes. Analyst Dan Ives emphasizes the importance of resolving these issues with new incentives. Meanwhile, Zuckerberg capitalizes by selling an additional $45M worth of shares. 

⁠tesla⁠