Best of 2024: Paul Is OBSESSED With This Asset 😍
Take a look back at our favorite BTC hoarder! 🦾
Note: Please read our disclaimer at the bottom of the article.
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Hi, I’m Paul Mampilly.
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A Note 📝 From the Team
Welcome to our Best of 2024 series!
Throughout it, we’ll take a look the top articles we published this year.
These are Substacks that you upvoted by liking, commenting, and sharing!
That said, today’s featured article isn’t new — it was originally released on January 3, 2024.
So, read the following refresher from Dean before you dive in! 👇
A Quick Review 👀
It’s no secret that we’re bullish on Bitcoin USD (BTC-USD).
We were early believers of this revolutionary technology and knew it was destined to make new highs as investors trade fiat for BTC as a store of value.
We currently hold it in our long-term Silver Tier model portfolio at a gain of nearly 200%!
When this Substack was originally posted, BTC traded for $42K:
Since then, it’s soared nearly 150% — pulling fintech stocks like MicroStrategy Incorporated (Nasdaq: MSTR) to an unprecedented gain of 2,465% in our Gold Tier model portfolio!
We harped on the crypto and fintech sectors because we knew they had rocketing potential.
In fact, as BTC soared, we closed 29 consecutive crypto positions in our short-term trading Platinum Tier model portfolio.
We’re thrilled to see our community win big in 2024 . . . but we’re more excited about what’s ahead in 2025. 🎊
For free crypto resources to get ahead of the highs we see coming for the crypto market, click here.
And without further ado, here’s our Best of 2024 article for today! 👇
Dean: Paul’s Confession 🙏
Yesterday, Paul confessed that he has an obsession: Bitcoin USD (BTC-USD)!
And who can blame him given the weakening of the U.S. dollar?
Mind you, this chart doesn’t reflect the $13 trillion of new money that was printed during the 2020-2021 pandemic.
This represents a 35% increase of paper money in circulation. 🤯
Despite BTC’s volatility, it’s easy to understand why Paul is so bullish on this finite currency.
You won’t wake up one day to finance pundits discussing how 21 million additional BTC were added to the blockchain.
And there’s one person, perhaps, more bullish on BTC than Paul. He’s the leader of a software company that saw its stock soar 335%+ in 2023.
Despite such a remarkable rally in 2023, it’s up 4% this week alone!
The Biggest BTC Bull 🐂
I’m referring to MicroStrategy Incorporated (Nasdaq: MSTR) cofounder Michael Saylor . . . and his big bet on BTC.
If you haven’t been following Saylor, know that he converted large amounts of MSTR’s balance sheet into BTC.
This began in 2020.
When BTC crashed, critics thought he lost his mind:
Now? It’s reported that MSTR’s BTC investment sits at a $2.6 billion unrealized profit!
Its BTC holdings alone now represent nearly 30% of its current market cap!
BTC’s surge in price during 2023 allowed MSTR to trade at a premium.
But what does this mean for the company in 2024?
Will MSTR’s 2023 Rally Be Sustained in 2024? 📈
Truly, we can’t say for certain if MSTR will increase by 100% to 200% in 2024. But if we were to speculate, we would say that this stock is in for a great year.
That’s because MSTR truly has amazing technology; it's the largest publicly traded business intelligence and analytics software provider.
It offers a range of data analytics and visualization tools for businesses and organizations.
Various industries, including finance, healthcare, retail, and telecommunications use MSTR’s products.
Its customers include major companies such as United Healthcare, Sony, and McDonald's.
In its Q3 earnings in November of 2023, it saw a 3% increase in revenue year over year (YoY), representing $129.5 million.
However, its software licensing revenue and subscription service revenue were most notable.
Software licensing revenue increased 16% (YoY) to $45 million, while subscription services revenue increased 28% YoY to $21 million.
In November, MSTR had a cash balance of $45 million and 158,245 BTC on its balance sheet worth $2.45 billion!
These numbers have changed a bit since then, as more BTC was added to its balance sheet since it reported:
MSTR is projected to report its Q4 results on February 1, so we’ll have a clearer picture of the company’s fundamentals then.
BTC Predictions 🔮
Funds manager Mark Mobius predicts that BTC could hit $60K in 2024.
Youwei Yang, chief economist of the crypto mining firm, Bit Mining, predicts that it could hit $75K.
But other experts agree with Paul, saying that BTC could reach $100K:
If either of these scenarios play out, we could modestly speculate that MSTR’s stock will increase due to its exposure to BTC.
That said, we suggest being cautious when investing in this company as the stock has already rallied over 350%. Always use the Rules of the Game.
We currently hold MSTR in our Gold Tier portfolio at a gain of 305%. But as the crypto bull market unfolds, who knows how much it could increase?
While we’re bullish on MSTR, we have a host of crypto-related stocks and tokens that we believe could rocket!
To get exposure to such holdings, consider subscribing for just $9.99 by clicking here!
Tomorrow: We’ll be back with our next Best of 2024 article! 🙌
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Disclaimer/Legal Stuff Written in Plain English
What you read/watch/hear is OPINION, not financial/investment advice. Treat it no different than when you read/watch/hear your favorite author/YouTuber/podcaster. Despite our best efforts, we get things wrong and make mistakes. Investing is risky. There is no guarantee you will make money. Your investments may lose value. That’s RISK. Past performance is no guarantee of future results. Employees, contractors, and owners of ATG Digital, LLC own/trade/transact in the stocks, options, and crypto that are the subject of our trade alerts, updates, reports, and commentaries. We cannot give you personalized financial advice because we are NOT financial advisors. It’s on you to decide how much/when/what to buy/sell based on YOUR financial needs, plans, and risk preferences. There are no guarantees. Loss of your capital is an outcome that you should evaluate carefully with a financial advisor before you trade, speculate, or invest. It's your money and your responsibility.
Merry BITmas MSTR! Ho Ho OH!!