NUGGETS OF ALPHA
Sellers of the GBTC ETF were clearly in control per the VPSV indicator
The 60/40 has generated a 6.1% return over the last decade, and fiat debases at 14%
Meanwhile Bitcoin smashes returns and even at a 1% allocation is a great complement to any portfolio
Mainstream media favors pessimistic headlines and stories to scare the public
ETFs had at least three-quarters of a billion dollars come in
It's been a historic week and a very bumpy one, and the type of stuff happening now is horrifying. Many people are very concerned about some of the current events and I will cover what everybody needs to know as an investor.
Today we talk about money, media, and corruption, supported, of course, by data so that you can make up your own mind.
The liquidations over the last 24 hours have been over $100M on the long side for Bitcoin. This indicates people went leveraged long, expecting the new inflows from the ETF to drive prices up.
BlackRock's two billion dollars did not show up on the first day.
If you have watched my TA Masterclass Videos, then you know this technical indicator well. Clearly, from the chart, the sellers were in control yesterday.
This chart indicates heavy GBTC selling with minimal asset buying. Friday was worse than Thursday. What does that mean? We all know that the Grayscale Bitcoin Trust has 650,000 Bitcoins, a significant pool of capital.
Grayscale has been milking investors for the longest time and they do not want to give it up. The fees for GBTC, in some cases, are seven times higher than the competition. Logically, this causes people with GBTC to
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