IA Daily Digest - 10 - 11 January 2024 📈 (Patreon)

REMEMBER THESE POSTS ARE A COUPLE OF DAYS AFTER THE FACT - DO NOT TRADE ON ANY INFO IN THIS SUMMARY

Summary of InvestAnswer's Posts Date: 10 January 2023  - 11 January 2024 📈 - THANKS JOSH

Bitcoin Price Predictions:

IA anticipates a staggering $50 billion inflow into BTC from the ETFs, propelling the BTC price beyond the 100k mark. As the crypto market cap expands, leading altcoins are poised to outpace BTC.

Inflows:

Highlighting the S-1 registration application, IA notes that BTC ETF inflows settle the day after the US 4 pm EST market close, necessitating adaptation to the new 4-5 pm EST rebalance.

Elon Musk:

Musk expresses openness to utilizing BTC on X platform.

MSTR:

MSTR is currently trading below its BTC value, as expected due to the ETFs. Despite increased competition, MSTR remains in play with a market cap of 7.4 billion and 9 billion in BTC.  Saylor Selling is not helping.  

Trading:

IA is adding BTC and proxies 

Vanguard:

Vanguard restricts its customers from purchasing any BTC ETFs.

Solana Leveraged Long:

IA plans to sell his 3x long position on SOL when it reaches 120-125.  In reflection on IADSS he should have sold at 103 but was so busy he missed the signal.  Selling at 103 and reentering at $93 would have been sweet

Ethereum:

Despite recent weakness, SOL has surged 360% compared to ETH last 12 mths.

Tesla Model 3:

The new Model 3 qualifies as a commercial vehicle if leased, making it eligible for the 7.5k federal EV tax credit.  Model 3 Leases can now be as low as low 329 a month

Source: ⁠tesla⁠

Magnificent 7:

IA predicts Tesla to be the best-performing stock in the Magnificent 7 over next 1-2 years. Despite current weakness in 2024, IA foresees mind-blowing results in the next 12-24 months, hence he is maintaining a balanced portfolio between Tesla and crypto. Tesla is expected to outperform every other company globally in the next 5 years.