JUST IN: 
Senator Ted Cruz says he purchased 3 Bitcoin miners that started mining in Texas
@WatcherGuru
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The State of Wisconsin Investment Boardâs (SWIB) initial investment of $164 million in spot bitcoin exchange-traded funds (ETFs) like BlackRockâs iShares Bitcoin Trust (IBIT) and Grayscaleâs Bitcoin Trust (GBTC) is likely just a trial phase, according to David Krause, a finance professor at Marquette University.[1][3] Krause believes the SWIB, known for being innovative, is testing public reaction and assessing potential resistance to owning bitcoin.[1][3] He expects the SWIB to increase its bitcoin ETF holdings, as the current investment is negligible at around 0.1% of its $156 billion portfolio.[3][5] Krause views this as a âtoe in the waterâ approach, anticipating the SWIB to gradually raise its bitcoin exposure to 1-2% of its portfolio.[1][2]
Sources
[1] Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says Bitcoin ETF (BTC) Purchases for Pension Funds Just Getting Started
[2] BREAKING: Wisconsin Pension Plan Poised for Larger Bitcoin ETF ⌠https://cryptoadventure.com/breaking-wisconsin-pension-plan-poised-for-larger-bitcoin-etf-investment-can-it-propel-btc-price-to-new-ath/
[3] Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF ⌠Yahooist Teil der Yahoo Markenfamilie
[4] Wisconsin pension fund now includes bitcoin - WPR Wisconsin pension fund now includes bitcoin - WPR
[5] Wisconsin Pension Buys $160 Million in Bitcoin ETFs Wisconsin Pension Buys $160 Million in Bitcoin ETFs | Chief Investment Officer
[6] David Krause on WRS investing millions into a Bitcoin ETF https://pbswisconsin.org/news-item/david-krause-on-wrs-investing-millions-into-a-bitcoin-etf/
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I recommend everyone should have one percent bitcoin allocation in their portfolio.
Strike app is an easy cheap way to buy bitcoin.
Another way to get bitcoin exposure is fidelity ETF or micro strategy MSTR. I prefer MSTR over bitcoin ETF.
I personally own a lot of MSTR in my Roth IRA because setting up a bitcoin retirement account is a pain.
To summarize: one percent bitcoin or MSTR allocation
I have a friend whose allocation is 90 percent bitcoin and 10 percent cash. He rebalances this portfolio once a month.
I donât recommend a 90 percent allocation. My friend has a high tolerance for volatility. He is a software engineer who paid off his mortgage in 15 years. He lives in Texas which is now the hub for bitcoin mining in USA.
I live in California where itâs annoying to be a property owner. I have thought about selling my real estate investments and buy more bitcoin. But I am crazy and can stomach volatility. Ever since the dot com crash in 2000 and the great financial crisis in 2008. Plus the crazy volatility of bitcoin since inception
This is not investment advice.
This is a friendly recommendation.
Feel free to direct message me if you have any questions
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My friend in Argentina can confirm almost everything Devon wrote
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Page 9, Champion Innovation
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JUST IN: Donald Trumpâs Vice President JD Vance previously disclosed Bitcoin holdings up to $250,000.
WatcherGuru
edit:
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Alliance Bernstein analysts predict:
- $200,000/BTC by mid-2025
- $500,000/BTC by 2029
- $1,000,000+/BTC by late 2033
Weâll see.
One thing is certain: The supply of dollars is increasing at a much faster rate than the supply of bitcoin.
A maximum of 21 million bitcoin can be created, of which approximately 1 million are believed to be owned by Satoshi Nakamoto and 4 million or more are estimated to have been lost, leaving the effective maximum supply at 16 million bitcoin. Owning 1 bitcoin means you own at least one sixteen-millionth of the total bitcoin that will ever be in circulation. How many dollars would you need to possess to have one sixteen-millionth of the total supply of dollars? The U.S. government reportedly holds around 200,000 bitcoin. What other asset could you own a larger fraction of, relative to the U.S. governmentâs holdings?
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My prediction for Dec 31, 2024 is $85,000
edit:
Bernstein:
The analysts also initiated coverage on MicroStrategy stock with an outperform rating, targeting a price of $2,890.
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I have never heard that. In what way or account? The US treasury has purchased bitcoin?
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Law enforcement confiscation
Like DEA confiscating mansions and Ferrari during the 1980s from cocaine dealers
Edit:
They have had auctions to sell bitcoin in the past. Thatâs how Tim Draper purchased most of his bitcoin.
added:
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When you hear tptb talk about crypto being used to sponsor terrorism or criminal acts, just ask yourself if they respect the bill of rights that they took an oath to uphold?
They somehow know a person is a criminal without trial. How does that work? That is how they confiscate property. Of course crypto is used and so is every currency and gold. So what is different? Bitcoin cannot be confiscated without trial. They cannot trace it as easy. Tracking peopleâs money is unconstitutional and I donât give a crap what judges or Yale law professors say. It is far more invasion of privacy than caring about what goes on in someoneâs bedroom.
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