IBIT: Still The Best Gateway To The Hardest Asset In The Market
Main Idea
The author discusses their investment strategy, focusing on a mix of low-cost funds and asymmetric bets, and shares their bullish stance on Bitcoin and other equities.
Key Points
1. The author's portfolio is split roughly 50/50 between low-cost funds and single stocks they consider asymmetric bets.
2. They emphasize a forward-looking market approach, focusing on demand and supply dynamics rather than traditional metrics like P/E ratios.
3. The author is currently bullish on AMD, PLTR, TSLA, broad US equities, and Bitcoin.
4. They highlight the importance of understanding sectors, industries, and long-term growth trends in their investment strategy.
Description
Summary I view Bitcoin as the 'hardest' asset due to its scarcity, portability, divisibility, durability, transparency, and fungibility, supporting my bullish thesis. IBIT is the most successful and liquid Bitcoin ETF, benefiting from a virtuous cycle of growing AUM, trading volume, and tight spreads. It attracts both active traders and holders. For most investors, IBIT offers a superior, low-hassle way to gain Bitcoin exposure compared to self-custody, with minimal custody risk via Coinbase. IB...
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