I had a lot of emails the last few days after mentioning that I took a stake in IBIT so I haven’t really had much time to sit down and write out my thoughts on it but I do today and I figure this is easier than replying to every single email.
The cold storage cracked me up. I actually have a few Bitcoin on a Ledger in cold storage with my seed phrase in a safety deposit box. If I die my family will think I’m nuts. If shit hits the fan I do think it makes sense to own some actual bitcoin. Future adds will be to ETFs (I agree with making money off options).
That’s your call I don’t tell people how to allocate funds but something you aren’t scared of losing 50% on bc it’s had big drawdowns along the way. I think in general it goes much higher in time
agree - have done just 2026 puts for $150 and 200....and not egregious quantities. corresponds roughly to btc at <$25k-30K (without any premium to btc vs the 2x today). Just cannot fathom btc going back there
I haven’t expected you to take a BTC position at but I think the same that Bitcoin may outperform markets again. Besides that it’s wiser than go long TSLA ;)
I don’t know man that’s all silly talk, I think it outperforms the market as it always has to both the upside and downside but ultimately as long as you believe money is being printed globally this will see more bids
Very nice write up James
The cold storage cracked me up. I actually have a few Bitcoin on a Ledger in cold storage with my seed phrase in a safety deposit box. If I die my family will think I’m nuts. If shit hits the fan I do think it makes sense to own some actual bitcoin. Future adds will be to ETFs (I agree with making money off options).
Ha! Ya that was always my hold up
Hey James, welcome aboard, we are happy you are here!
Ha!
Thx James. What percentage of a portfolio would you allocate to BTC?
That’s your call I don’t tell people how to allocate funds but something you aren’t scared of losing 50% on bc it’s had big drawdowns along the way. I think in general it goes much higher in time
i've been shorting mstr puts (very deep) to great success so far this year, agree wholeheartedly on this.
Just be careful bc mstr was a $1b co before Bitcoin and look at it today, if you remove their Bitcoin assets it’s quite expensive
agree - have done just 2026 puts for $150 and 200....and not egregious quantities. corresponds roughly to btc at <$25k-30K (without any premium to btc vs the 2x today). Just cannot fathom btc going back there
I haven’t expected you to take a BTC position at but I think the same that Bitcoin may outperform markets again. Besides that it’s wiser than go long TSLA ;)
Tesla is worth under $100 at best. It has underperformed for 3 years.
Thanks, James.
Really appreciate this article. Saw your X tweet this morning about IBIT and I was like wow, he bought some. And then a hour later saw this article.
Let me ask why not also buy some MSTR as well. MSTR has options. Thanks.
Mstr is really overvalued look at it vs the nav
hey James, please what is your approx price target eoy? thanx
I don’t know man that’s all silly talk, I think it outperforms the market as it always has to both the upside and downside but ultimately as long as you believe money is being printed globally this will see more bids
Thanks JB. Didn’t see you’d started a position. Appreciate the info and am going to take a look at it myself.
I mentioned it in one of the recaps this week for got exactly which one maybe Monday or tuesday
Yeah I still need to catch up on a couple days. Hope all is well man