back to much more important issue of bitgold ... something about buy, buy more, buy much more, and orgasmic buy
and together w/ JPM's outlook re TSLA, price target $90, we must ponder the thought I enunciated earlier, that of shorting TSLA and long GBTC, to get the bitcoins / bitgold cost-basis @ zero, so much better to get much more Gold, the physical, before it all blows up, last asset standing, and final collateral-good
The path might be 19,000 => 9,000 => 190,000 => 910,000 for bitgold, and
1,836 => 1,386 => 3,186 => 8,631 for gold, and
609 => 906 => 096 => 069 for TSLA
Above be my grand-super-ultra-overarching-macro stance, for all the marbles
JPM : We recognize however that the bitcoin adoption by more traditional investors such as insurance companies and pension funds faces regulatory hurdles as they are subjected to restrictions in terms of the risk they take and liability mismatches they tolerate. So their allocations to bitcoin are unlikely to ever reach high levels. But even if pension funds and insurance companies across the G4 eventually allocate just 1% of their assets to bitcoin that would result to additional bitcoin demand of $600bn, almost double the current bitcoin capitalization of $330bn.
From: [xxx @jpmresearchmail.com]
Sent: Saturday, December 12, 2020 4:20 AM
To:
Subject: Flows & Liquidity : Gauging Japanese flows
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