8/14/24 - $gdlc - by far my largest position 35% off BTC and ETH
- adding back today about 45% size (was 35% a week ago for perspective)
- 35% discount to NAV and 90% of the assets are BTC and ETH (mostly BTC)
- the way i xls it out, you get btc at 42k, eth at 1.6k, sol at 74, xrp at 17c and avax at 6 (that's what you're paying at sub $20 today)
- can always go lower, but you're buying yourself a nice margin of safety here on the underlying assets
- if you are considering adding btc exposure (thru etf's) and the idea is a long term hold, i can't think of any other reason why not to make this part of that exposure.
- downside i think is low to mid teens on this $20 value today, so you could still see 30-40% drawdown in bad case scenario (btc implied w/b probably mid 20s at that point on my math)
- the way i think about btc is that as long as you're not down >50% in the second half of a bull cycle, you're incentivized to get long at strategic times. this is one of those w/ the right vehicle i believe
V
- 35% discount to NAV and 90% of the assets are BTC and ETH (mostly BTC)
- the way i xls it out, you get btc at 42k, eth at 1.6k, sol at 74, xrp at 17c and avax at 6 (that's what you're paying at sub $20 today)
- can always go lower, but you're buying yourself a nice margin of safety here on the underlying assets
- if you are considering adding btc exposure (thru etf's) and the idea is a long term hold, i can't think of any other reason why not to make this part of that exposure.
- downside i think is low to mid teens on this $20 value today, so you could still see 30-40% drawdown in bad case scenario (btc implied w/b probably mid 20s at that point on my math)
- the way i think about btc is that as long as you're not down >50% in the second half of a bull cycle, you're incentivized to get long at strategic times. this is one of those w/ the right vehicle i believe
V
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.