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.
Week 0: Up 2.6%
$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?
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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
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.
Do you Yat?
Wow, so this popped (free WSJ article) into my newsfeed today.
It's basically a URL with emojis, and people are paying thousands (and in some cases hundreds of thousands) of dollars to own one.
Even Michael Arrington, founder of Techcrunch, spent some serious money.
Investor Michael Arrington, who also has a stake in Yat Labs, says he recently spent $200,000 of his asset-management firm’s money on Rocket-Moon. Taking a rocket to the moon is a common refrain in the cryptocurrency world, and Mr. Arrington wanted to use the Yat as a branding tool for his Seattle-based firm, Arrington XRP Capital. Because users can’t buy one- or two-character combinations directly on the site, the only way he could purchase Rocket-Moon was by participating in a virtual auction hosted by Yat Labs.