IA Daily Digest (June 26-29) (Patreon)

Summary of InvestAnswer's Posts (thanks, Josh, for collecting)

Date: 26 June 2024 - 27 June 2024

• Bitcoin:

  • Bitcoin Maxi:

  IA does not consider himself a BTC maxi, but values crypto assets utilizing Metcalfe's law. BTC has 53m wallets and SOL now has 30 million MAU/ ⁠

  • Crypto Support:

  238 republican representatives strongly pro-crypto, while 68 democratic representatives strongly pro-crypto. 5 republican representatives are strongly against crypto, while 36 democratic representatives are strongly against crypto.

• SOL:

  • SOL ETF:

  IA believes the SOL ETF will take 6-12 months to get approved and will require either a push from Blackrock or Gary Gensler to exit the SEC⁠

  • SOL Perp:

  IA has closed his SOL Perp trade. He made 20% in 10 days, and is focused on taking profits faster at this stage in the bull run. He nearly went short on the way down but decided not to and while watching UFC last nite he wanted to go long at 137 but was away from his wallet.

• Tesla:

  • NVDA Chart:

  IA believes TSLA’s stock could follow the same pattern as NVDA’s chart one day.

• Trading and Equities:

  • Biotech Investments:

  IA views biotech investments as the highest risk investment ever. It makes meme coins look safe.

  • MSTR vs Real EState:

  MSTR has completely smoked IA’s real estate bags that he has accumulated for 30 years. ⁠

  • BTC Miners:

  IA has RIOT, BITF, IREN, and BTDR in the mining space. But 85% of his mining bag remains in CLSK. ⁠

  • PANW:

  PANW is up almost 5% on 6/27. IA still holds a SL on PANW. Pelosi is never wrong. ⁠

• Macro:

  • Median Income:

  IA provides median income by state in 2024.

Date: 27 June 2024 - 29 June 2024 

• Tesla:

  • Valuation:

  Tesla could become a $24 trillion dollar stock by 2034. Musk believes that this prediction is accurate. Incredibly, IA suggested 8 ways for TSLA stock to hit $8000 a year ago, which is the same as Tesla at a $24 trillion market cap.

  • TSLA FSD UPDATE 14.2 from Elon

    ⁠

  • Volvo EVs:

  Polestar, Volvo’s EV division, is dead. They have reported a $450 million impairment charge and 2023 cash burn of $2.5B. ⁠

  • Starlink:

  CEO of Carnival, the world’s largest cruise company, says SpaceX’s starlink has been a game changer for them. ⁠

  • Jim Farley:

  Jim Farley, a lifelong petrolhead, has confessed his love for electric vehicles, and it has nothing to do with politics. He states he is surprised as anyone that he fell in love with electric vehicles. ⁠

  • Retire on Tesla:

  IA’s targets remain unchanged. Timelines could come fwd with the rapid pace of change.

• Solana:

  • SOL Progress:

  IA notes the remarkable progress SOL has made in the last 10 days. This includes: SOL ETF applications Accelerating crypto distribution through Blink Perp DEX Volumes reaching new highs ⁠Pantera Capital calls Solana the Mac OS of Blockchains And many more. ⁠

  • SOL ETF:

  Bloomberg analyst suggests the SOL ETF approval hinges on changes in the white house. Even in the case of a republican presidency, approval is still not guaranteed. ⁠

• Bitcoin:

  • Mr. 100:

  Mr.100 has purchased 1950 BTC in the last 5 days.

  • 60k:

  IA believes buyers step in at 60k, as miner selling has slowed.

• Macro:

  • Big Money Buys Housing:

• Big money continues to buy up housing. KRR buys 5,200 apartments to jack up rents on wage earners across the country. The investment firm acquired a portfolio of 18 multifamily real estate assets on Tuesday for about $2.1 billion. https://community.investanswers.io/t/big-money-continues-to-buy-up-housing/46453

TSLA vs BMW

I was a life long BMW Driver until Tesla came along - we are now way under ICE Price Parity