It’s because BLOX is not a bitcoin only fund. BLOX owns equities that are in the crypto industry and not just Bitcoin. Equities have a different return profile than just pure Bitcoin. It’s why Bitcoin is negative about 26% YTD and BLOX is down about 3% YTD. I understand it is not exciting being down YTD but the relative outperformance doesn’t happen by just being 100% correlated to Bitcoin.
“So $MU traded under 10x earnings?”
“Yes, Dave”
“And memory demand was still increasing?"
“Right.”
“And you sold $MU at $850 for a -25% loss because everyone said the cycle was over?”
“That’s correct, Dave”
Tesla did end up breaking down as expected, but success in the broader market could end up helping prevent it from falling to far.
I know a lot of people are getting FOMO from looking at AI and other investments that are doing really well. Either way $TSLA is a great investment over the long haul but further pain could be ahead as money is routed elsewhere. I know this has been a tough one for a lot of people but the patient will do well. You just have to have a really long time horizon.
Gavin Baker on the SpaceX situation: "Wall Street consensus is $73 billion in revenue - if they bring on 3 gigawatts of power next year that's $150 billion - that's not in the model"
this is him explaining why SpaceX could double what the Street expects, why intelligence per dollar will define the future of AI, and why betting against Elon has destroyed entire funds
"open source models fundamentally just shift margin from the model layer to the infrastructure layer - if you have cheaper tokens we're going to consume more of them - we are structurally short compute"
"the Cursor acquisition for $60 billion is looking very smart - that was $3 billion in annual revenue when they bought it - I think it's probably materially higher"
"there's a graveyard of funds that shut down because they were Tesla short"
bookmark & watch the full conversation ↓
I’m 60 years old and retired from JPMorgan. My monthly income is $105,000.
My July advice 21th:
$NFLX (Netflix) — Don’t buy
$ORCL (Oracle) — Don’t buy
$SNDK (SanDisk)— Don’t buy
$INTC (Intel) — Buy at $95–$100
$TSLA (Tesla) — Buy at $365–$370
$NVDA (Nvidia) — Buy at $194–$199
$MU (Micron Technologys) — Buy at $865–$880
People ask, Why don’t you charge?
I’ve made enough. Sharing is my passion ,that’s why I post for fre.
My two super-cycle themes remain AI and Crypto! I chose $BLOX and $GIAX for the stable NAV above inception and consistent payouts ✅
Continuing to add to both names aggressively!
Growth & Cashflow 💸 🔥🚀
30% of distributions are reinvested back into long-term growth assets such as $AVGO $TSLA $IBIT $BTGD 70% back into $BLOX $GIAX!
Build an eco system not just income stream✅
I’m still bullish on the long term thesis for BTC and crypto in general and see tremendous upside potential for $BLOX ! Stacking 4-500 shares every week until BTC reaches 100k! Target goal 80-100k shares ✅
I’m potentially looking at moving one of my Fidelity accounts over to @RobinhoodApp and take advantage of the 2% bonus. Anone transfer from Fidelity and regret the move?