IA Daily Digest 19-21 Feb 2024 (Patreon)

Summary of InvestAnswer's Posts - thanks Josh 

Date: 19 February 2023  - 21 February 2024 📈

Bitcoin Magnificence from Satoshi - h/t Sanjay 

Bitcoin CNBC:

During a live TV segment on CNBC, a host confronted Gary Gensler regarding his inaccurate criticisms of Bitcoin.

Cleanspark:

IA predicts that the BTC mining industry will become a winner-take-most market, with CLSK potentially emerging as one of the top last-standing miners, leading to a surge in price. Notably, CLSK has already experienced a remarkable 300% increase in value over the past 10 weeks.

There is CLSK and then there are all the rest!  Our miner model wins!

Cleanspark Market Performance:

IA shares a chart illustrating CLSK's performance compared to other miners and BTC, showcasing CLSK's doubling of the performance of the second-best miner.

Price Correction:

IA assesses the likelihood of a BTC 50% correction as 0%.

Tesla January:

Tesla had a strong January performance in Europe, outperforming other car manufacturers despite their slowdown.

Neuralink:

Elon Musk announced that the first human implanted with @Neuralink’s brain chip has fully recovered and is now capable of controlling a mouse using only their thoughts, marking an incredible achievement.

Margins:

IA discusses the potential impact on TSLA stock once margin growth expands, citing the significance of achieving Full Self-Driving (FSD) or the shipping of bots, with Elon Musk stating a projected bot shipping in 2025. Currently, Tesla investors are advised to exercise patience. It will pop, he just does not know when but a CHATGPT moment is coming.  

Macro:

IA shares a graphic depicting the top concerns of voters under 25, highlighting the cost of living and job opportunities as their primary worries.

Bitcoin Saylor:

Michael Saylor affirms that demand for spot Bitcoin ETFs exceeds new supply by 8-10 times, according to an interview with Bloomberg. Saylor emphasizes his perpetual commitment to purchasing BTC, declaring it as his exit strategy and the premier asset.  Same thing IA says every day. He follows IA on Twitter and watches his updates :D 

Currency Debasement:

Corporate cash reserves approach $5 trillion, juxtaposed with fiat's annual depreciation of 14%. Saylor envisages Bitcoin as a guiding light amidst this depreciation, underlining its resilience.

ETFs:

BTC ETFs witnessed their second-highest volume day on 2/20. Notably, the ETF issuers have yet to reflect this recent volume through purchases.

Vanguard:

Bloomberg's Senior ETF analyst Eric Balchunas suggests that Vanguard will gradually introduce BTC ETFs into their offerings.

BTC 51K Range:

ETFs are engaging in BTC arbitrage, buying at $51,000 and selling at $52,300.  The days at this level are numbered. 

Trading and Investing Amazon:

Jeff Bezos files to divest another $2.4 billion in AMZN stock.

Commodities

Commodities are now at their lowest levels since 2021. This is almost deflationary 

Real Estate

Avg downpayment for a house today across the USA