It's like Bitcoin on Steroids

How these 3 little dots tell me it’s time to trade. How these 3 little dots tell me it’s time to trade.                                                                                                      [outsider club logo header] Jun 06, 2024 By Christian DeHaemer It's like Bitcoin on Steroids Our very own Brit Ryle the undisputed master of Bitcoin, the Gameboy version of Tetrus, and a supreme investment analyst had an excellent article yesterday on Bitcoin ETFs. If you haven’t read it you can find it here: He wrote: “The other important thing to note about that Bitcoin ETF chart is that, aside from Grayscale, there are virtually no outflows from any of them. I count four days of outflows from the group overall this year. And those rare days when investors sell, well, they aren’t selling very much. Money is consistently and relentlessly flowing into Bitcoin ETFs. It’s been doing so ever since these ETFs were launched. The message is pretty simple: people want to own Bitcoin. The ETFs are an easy and secure way to accomplish this. I will add that when people keep buying a thing, and not selling a thing, the price of that thing is likely to go higher.” Bitcoin historically goes up in price the two years following the halving date, which was April 20, 2024. After the last halving, it went up 600%. ----- From A Select Advertiser ----- Microsoft Engineers Give Nod to Next Big AI Player This one company is vetted by industry giants and it's trading at under $0.50. [Find out why Microsoft already vetted a company]( [this small...before it hits Wall Street's radar]( ----------------------------------------------------------  Post Halving Surge Reading Brit’s article made me want to go buy some Bitcoin ETFs. I personally like the iShares Bitcoin Trust (IBIT) - which is among the lowest cost at 0.25% and has a lot of liquidity as Blackrock owns iShares. However when I put in my buy order in my self-directed IRA - Vanguard told me I couldn’t invest in any crypto products. Lame. Well, it's back to the Bitcoin proxies that Vanguard will let me buy in an IRA. There are two viable options: Microstrategy (MSTR), or the largest bitcoin miner, Marathon Digital (MARA). MSTR is a legacy tech company whose stock had hardly moved for twenty years until it decided to buy Bitcoin back in 2020. The strategy worked so the company bought more. They now own 193,000 bitcoins with an average purchase price of ~$31,000 which are valued at about ~$14 billion at today's prices. The gambit has paid off and how… Here is their five-year chart. You can see that the stock price has been tracking BTC since they first started buying. If you had bought MSTR in 2020 you’d be up 1,168.39% today. [MSTR Chart] MSTR has a market cap of $29 billion. That leaves $15 billion in market cap that isn’t BTC. The tech side of the business is losing money and revenue. At this point there are plenty of safe, pure-play bitcoin investment vehicles so why pay for a legacy tech company? And that chart - that looks like a double top waiting to drop below $1,000. So, I’ll pass on MSTR. ----- From A Trusted Advertiser ----- How these 3 little dots tell me it’s time to trade. This 1 chart pattern changed my life.  I used them to turn $10,000 into $54,011 in 12 months for my small account challenge.  And they were the key to spotting not 1… but 7 separate million-dollar trades on Tesla. Today, I’m inviting you to trade that strategy with me, absolutely FREE. [Learn more HERE.]( ---------------------------------------------- Marathon Digital (MARA). MARA is a Bitcoin miner. I love MARA as I rode it from $9 to over $30 in the fall of 2023. I sold all my profits and have been sitting on the initial investment waiting to buy back in. [MARA Chart] MARA has a nice-looking chart with a solid uptrend and a clear shot back to $30 over the next few months. If Bitcoin heads to $120,000 MARA should do much better. Think of it as a leveraged buy on bitcoin. Their costs remain fixed while their assets increase. As of May 31, 2024, they had a total of 17,857 unrestricted BTC which is equal to $1.3 billion. Marathon opted to sell 390 bitcoins in May. They sell to fund operations.   The company has a trailing p/e of 12, margins of 95%, and quarterly revenue growth of 223%. Some 28% of the float is short which sets up an epic short squeeze if BTC ramps up. All the best, Christian DeHaemer Chief Market Guru, Outsider Club Outsiderclub.com  Other articles you may like: Meme Stocks: [( More bitcoin: [( Why you should own tanker stocks: [(     Follow the Outsiders This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Outsider Club, Copyright © Osprey Financial Research LLC, 5004 Honeygo Center Drive Suite 102-202