Update on InvestAnswers' Bitcoin Profit-Taking Plan (Patreon)

My 2023 target of $120,000 for BTC this bull run has been achieved and I had plans to maybe take some profit - but my main goal was always to sell/rotate MSTR instead.

However, given the following factors, I have decided to keep it

1) Current global situation, the macroeconomic turbulence unfolding, and certain tail risks I've identified all make holding it logical as insurance.

2) Coupled with the fact that I only hold 11% in pure spot Bitcoin, now securely locked in custody—I have no plans to sell any Bitcoin during this bull run.

3) That said, I do intend to hedge BTC at tops using Perps or Puts!

4) Note I am still 40% MSTR. I continue to profit take / layer out of my MSTR position by 40-60%. I'm currently at about 19.8% sold, and that process is still underway.

5) If I did not have MSTR I would probably sell some Bitcoin but my plan since 2022 was to get exposure to MSTR instead of BTC as it would be much easier to sell

6) Still waiting for miners to pop and will exit them despite the energy tailwinds. I am just exhausted - after making a lot of money on them in 2023 and 2024, since 2025 it has been dead money, except my MARA SL trade.

TLDR

My Spot Bitcoin itself? It's far too scarce and valuable to part with, so my plan is to hold firm.Just wanted to share this update with the community.