Checking in on Bitcoin...

Checking in on Bitcoin...   Corona Del Mar, CA   Howdy Chris,   I'm no Bitcoin zealot...and I'm really glad to have called out these "stable coins" well in advance of them imploding.   But I have no problem trading anything with enough volume to get in and out without causing a bunch of slippage.   // Quick aside: In a blog post from 2021, I asked the snarky question: "Are they investing in hookers and blow? For all we know, they are." Turns out that at FTX...they were! //   GBTC has been averaging over 5 million shares, so it's definitely tradeable.   Grayscale's Bitcoin ETF (GBTC) was up another 8% today.   That brings this trade to +37% over the past month. The strategy is up 85% YTD.   What's its secret sauce? Volume!   Yup, it's one of the (very) few strategies where volume is ever selected by the machine learning.   Volume in GBTC cratered over the past two years, so the strategy simply stopped trading.   Volume has been surging again as some big names throw down the gauntlet and enter the ring.   Surprisingly, it appears that the NYSE decided to delist their Bitcoin index (NYXBT) without telling anyone.   That kind of crap ticks me off as a trader because I don't like sudden changes.   It can make strategies unusable.   For example, Grayscale decided to shut down their fund to the creation/redemption process a couple years ago. It made some of our strategies go bonkers.   Thankfully, all I have to do is fire up The Boss and tell it to build me a badass strategy...then press start and do my thang.   In fact, I'm doing that now...   ...unfortunately, I couldn't beat the performance of Bitcoin Cyber Code.   Even using our secret global mispricing method.   That's OK.   I'll just keep this lone Bitcoin strategy inside a Meta strategy and let the machine learning determine when it gets picked. By the way, who else wants to build a 79% per year strategy?   ...with an 8:1 gain to pain ratio?   ...within five minutes?   Watch this 5-min video now: This is a new Text block. Change the text. Trade smart,   Dan "Prince of Proof" Murphy   P.S. Thanks for looking down here. GBTC is on a "sell" as of Thursday's close. Crazy to see the premiums in both GBTC and ETHE quickly rebound. It's probably not fair the BlackRock ETF was approved so quickly for a freakin' LEVERAGED fund while Grayscale gets the shaft. No wonder why they're suing.   Now go click on the video above to watch me build a Meta ML strategy of strategies. That's how you start trading like a business instead of a hobby.   Josh runs his trading business in less than 15-minutes a day. He takes money out of his account every month. It's a great source of additional income with minimal effort...you know...how trading was meant to be.                         Portfolio Boss, Inc. 260 Newport Center Dr, Suite 100 Newport Beach, CA 92660   Don't want to stay in the loop with Dan? We'll be sad to see you go, but you can unsub to no longer receive emails.