Briefly:
I was trying to get this month’s newsletter finished before the FOMC announcement in (looks at watch) 40 minutes – and in the cover letter I was going to mention that I’m putting on an irresponsible and reckless leveraged long on Bitcoin here (I’ll be using DyDx, which means I have to switch to my Australian VPN just to be able to access it)
The pullback right now is across all markets, it’s all macro on fading hopes for a Fed cut.
Bitcoin has been hit accordingly and this is a good place to add more BTC, or any of our stocks.
For a leveraged bet, like what I’m about to do, I’ll either be right or wrong in the near term, and I’ll know fairly quickly. Either I get liquidated or make out like a bandit.
I wouldn’t advise this, but otherwise I’m just holding through everything.
After I get the letter out I will probably go back through my portfolio and see if there is anything outside the TBC holdings that I can roll into more MSTR, COIN, MARA and whatever else l want to shore up.
Not proofing this, just hitting send.
(The May newsletter will be out today).
mark
P.S This is a good place to add an extra Bitcoin buy for the long haul:
🇨🇦 Canadians can use Bull Bitcoin
🇺🇸 Americans use Swan.
 🤟 We’re in a bull market – expect more volatility like this.
