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VRA Letter: Some Consolidation. BTC Halving and What It Means. Reminders of the Roaring 2020’s. Palantir, Falcon Oil & Gas.

Good Tuesday morning. Futures are slightly lower this morning, as last weeks (small) losses/consolidation helped to work off the broad markets overbought conditions. All eyes are on Nvidia earnings, which will be announced tomorro ...

Posted On February 20, 20245 MIN Read
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Good Tuesday morning. Futures are slightly lower this morning, as last weeks (small) losses/consolidation helped to work off the broad markets overbought conditions. All eyes are on Nvidia earnings, which will be announced tomorrow after the close. Will the NVDA report be a “buy the rumor, sell the news” event, as so many are talking about? We’ll have more on this, along with a “hedging” idea, in our next VRA Letter.

Our focus this morning in on Bitcoin and the upcoming halving. We continue to recommend BTC for all portfolios (even if a small position).

Bitcoin Halving in Approx 60 Days -  Here’s What That Means

Heads up: after a bout of weakness over the long weekend in the US, BTC hit a fresh 52 week high minutes ago of $52,936.

The 4th BTC halving will take place in approx 60 days. Good piece below from Dow Jones as an explainer of BTC halvings along with the price action following each of the (3) halvings to date (2012, 2016, 2020).

Here are the price action results ...

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