IA Digest Date: 9 - 10 January 2024 📈 (Patreon)

Summary of InvestAnswer's Posts Date: 9 - 10 January 2024 📈 

Bitcoin: BTC ETF Approval:

The long-awaited BTC ETF approval has been officially granted, marking a significant milestone for the cryptocurrency market.

SEC Hack Impact:

Following the alleged SEC Twitter hack and the subsequent leak about BTC ETF approval, Bitcoin witnessed a $2800 price swing.

Suspected SEC Corruption:

The suspicious compromise of the SEC's Twitter account, purportedly linked to BTC ETF information leakage, raises questions about potential misconduct. FBI are on it. IA take - Breedlove got his account hacked and it took him 6 mths to recover.  Gary got his back in 15 mins. 

Long-Term BTC Holders Strategy:

IA asserts that many long-term holders are unlikely to sell their BTC until it reaches 500k to 1m, cautioning against becoming overly attached to assets but also not selling too soon. BTC has a long way to ride.  LILO model is now saying 122K Level 10

Solana and Ecosystem:

BONK Tokenomics Recognition:

IA highlights the favorable tokenomics of BONK, revealing a strategic swap of ACS tokens for BONK, constituting 0.05% of his net worth.

Saga Phone Airdrops:

Exploring the potential and announced airdrops associated with the Solana Saga phone. IA is stunned how much free JPEGS are worth. 

Stellar SOL Stablecoin Transfer Volume:

SOL achieves a remarkable $120 billion in stablecoin transfer volume, surpassing ETH and other cryptocurrencies.

Tesla:

Hertz Used Tesla Inventory Sale:

Hertz initiates the sale of their early Tesla inventory, presenting an opportunity to acquire a Tesla for as low as $16k with a federal used EV tax credit.

IA's TSLA Stock Journey:

IA reflects on the patience required in investing, sharing the story of acquiring TSLA stocks at $17.50 avg price between 2017 and 2019.  During very challenging times, sometimes you have to wait 2-3 years for TESLA to make that 4 to 8 x move

Tesla⁠ New Model 3 Lease Option:

Tesla unveils the new Model 3 in the US. New Tesla Model 3 for $35,480 $297 / month lease.  $27,980 after federal tax credit!  $22,980 in Colorado & many other states with incentives A car that runs FSD for under $30k

NVDA's Rising Stock Price:

The continuous ascent of NVDA's stock price, driven by the AI narrative, prompts IA's confidence in Tesla becoming a premier AI play. It is only a matter of time.  The BOT is coming. This will change the wall st view of tesla from a Ford like company to a true AI/AGI Bot Company. Then see multiples run. This is why IA stacks and this is why he is patient. 

Scaling Cybertruck Production:

Tesla's ongoing efforts to scale Cybertruck production signify the company's commitment to meeting growing demand.  They are currently ramping fast - 50 a day (current run rate 18K a year) - I reckon they easily ramp to 75,000 this year and 250K in 2025