BlackRock has taken the bitcoin world by storm.
I sat down with Robert Mitchnick, the Head of Digital Assets at the company, to find out how they got convinced to buy bitcoin & what their long-term plans are.
Full episode here on X.
LISTEN: https://t.co/qoN2JTi6Ew
GM.
Today's alpha: There is a price limit to how LOW #btc can go. This is called bitcoin's production cost. How much does it cost miners to keep $btc network running.
Production cost is a good indication of a hard floor price. See history.
There's a few matrix, but all points to roughly $22,000. We are not far off.
I'm at a stage where I'm feeling uncomfortable not holding crypto. Tho every part of me feels like selling. Due to my portfolio size, I'm allocating 10% $btc, 40% $eth. If the economy crashes, I'll deploy the rest.
Why more $eth, and the reasons has nothing to do with what you are thinking. Next post.
"Right now there are changes, the likes of which we haven't seen for 100 years, and we are the ones driving these changes together.”
“I agree.”
“Please take care, dear friend.”
Our current foreign policy drove China and Russia together. Brilliant move.
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