Week 2: Up 11.2% thanks to Bitcoin


What a week! Bitcoin was up significantly due to interest in next month's halving. TSLA showed strong gains as well while MSFT came in 3rd this week. Seems there's very strong momentum in AI and in crypto -- wonder if this is a sign of frothiness and how long will this exuberance continue for?

Week 1: Up 1.2%


What a week with Nvidia earnings blast off! It (briefly) became the third company to reach $2T in market cap and settled just a hair under on Friday. Can't wait to see what next week brings. 

$60k to Play With: My Bets on AI and Bitcoin

Happy Valentine's Day! Today, my blog gets a fresh start. With Bitcoin ETFs finally becoming a reality [1], I'm pivoting my investment focus. From now on, it's all about Bitcoin (no shady altcoins!) and how AI is changing the game for big tech companies.

So, I made a move... I sold my Bank of America shares (taking a bit of a hit, ouch!) and now have $60,000 burning a hole in my pocket. I've split that money equally between three stocks. I'll spill the beans each Friday with weekly updates and share my quarterly profit (or loss!). Here's why I'm excited for the next 10 years, and I hope you are too:

  • TSLA: Elon Musk won't shut up about AI, and it's woven into Tesla's autopilot. If there's one company ready to make AI pay off, it's this one.
  • MSFT: Microsoft's been all over the news for how fast they're adding AI to their products. Can you believe a $3 trillion company moves that quickly?
  • FBTC: Why Fidelity's Bitcoin ETF over the others? I like that Abigail Johnson's been into Bitcoin for a while now [2]. Plus, their fees are reasonable, and they handle custody themselves and not use a third-party service like Coinbase [3].

Let's see where this goes!

Notes:

[1] https://www.nytimes.com/2024/01/11/business/dealbook/bitcoin-etf-wall-street-crypto-investing.html 

[2] https://www.wsj.com/articles/fidelity-ceo-bringing-blockchain-to-the-masses-harder-than-it-seemed-1495548000 

[3] https://www.perplexity.ai/search/which-bitcoin-etf-D8dSe59nQHed7514lb3hGg?s=c#a27d9f44-4ad2-4ca3-9a6c-d39b370edc1f

New Year, New Blog (sort of)

With the arrival of BTC ETFs, I've decided to switch the blog into something different but still relevant to crypto. 

Stay tuned for more! News to come in mid-Feb.