IA Daily Digest 27-29 Feb 2024 (Patreon)

Bitcoin:

• ETF Purchases Update: ETFs likely continue asset accumulation, supported by high BTC transaction volumes.
• MSTR Buy Rating: Mark Palmer assigned a buy rating to MSTR, targeting a $990 price. IA laughed his butt off.... as these analysts have no clue how to value MSTR... just shows the utter incompetency of many players on WALL ST - meanwhile MSTR shoots to $1300 
• Speculation on SP500 Inclusion: Potential inclusion of MSTR in the S&P 500 speculated.
• Google Trends Analysis: Low BTC Google Trend data suggests retail is not in Bitcoin yet. 
• IBIT Volume: IBIT managed by Blackrock hit a $96 million volume record on 28 February.
• CLSK Position: Despite a $2 drop in CLSK, much of IA's cost basis stands at zero due to strategic synthetic long calls and covered call selling. He added again at 6.88 and more recently around $15
• BTC Miners: Collective decline among Bitcoin miners noted.
• Price Prediction: A $300k BTC price target is seen as achievable with sustained ETF inflows. 

GBTC Bankruptcy Sellers should be done soon.  If this is the case... well wow

Bitcoin Multiplier - mine was 21 in 2021, then 59 early 2024 now many are talking 100 multiplier.  If this is the case - uncle fred:   1 Billion a day in new demand should create 100 Billion in new market cap daily. 

Thats enough to move the price to 117K in 10 trading sessions.

Tesla:

• F150 Lightning Production Halt: Temporary production stop of Ford's F-150 Lightning due to quality issues. Cybertruck can sell all they produce even at 120K a clip!
• Tesla Roadster Update: Elon Musk announced ambitious design goals for the upcoming Tesla Roadster. It will launch end of year early 2024
• Peter Blades Departure: Tesla's design team sees Peter Blades leave, but the real key designer is Franz von Holzhausen - not Peter Blades 

• Autobidder Agreement: Tesla and Genex's revenue-sharing deal for battery operation and market trading.
• RBC Capital's Analysis: Tesla's battery storage and autobidder value could surpass its car business; IA increased TSLA holdings below $200.
• Supercharger Network Expansion: Tesla's network to open to Rivian, GM, Volvo, and Polestar in Spring 2024.

TODAY - TESLA is super weak on fears of Berlin shutdown impacting Q1 production due to Arson by eco warriors - madness I know... 

Solana and Alts:

• Portfolio Allocation: 80% of SOLALT portfolio distributed across three assets as of 26 February.

• Sol 3.3x Long: Continued success with a 3.3x long position on SOL up 200% now and IA still has not closed it.
• Price Prediction: Many believe SOL could reach a $200 valuation before the BTC halving if BTC heads to 100K.

Miscellaneous:

• Google AI Concerns: Distrust expressed towards Google AI for perceived bias.
• Yearning for Truth: A commitment to truth and clarity in investing highlighted for 2024.