IA Portfolio Allocations Jul 19, 2024 (Patreon)

Hi team,

As you can see, I am significantly overweight MSTR. My MicroStrategy position is nearly three times the size of my Bitcoin holdings, which I’ve been accumulating since 2017. This large allocation is making me quite uncomfortable.

However, it has been a consistently rewarding investment. Actually my most mind blowing trade of my life. The community here also has a ton of MSTR millionaires so well done. But also rem it is not what you make, it is what you keep.

That being said....

Bitcoin appears poised for a breakout. As I often say, Bitcoin thrives in times of crisis, and I foresee several on the horizon. Additionally, the recent treasury and reserve news provides a strong tailwind.

Final ramble re MSTR - MicroStrategy's 10-for-1 stock split on August 7 will also be a major event. I hope to hedge or pair trade more at that time.