Performance @ USD/BTC = $68,828Performance @ USD/BTC = $68,828
Jeremy’s Portfolio (Return of -22.53%)Jeremy’s Portfolio (Return of -22.53%)
Bitcoin (Return of -30.01%)Bitcoin (Return of -30.01%)
Strategy CommentaryStrategy Commentary
Increased the DCA to $200 a month ($100 into BTC and $100 into Jeremy’s Portfolio)
Final ThoughtsFinal Thoughts
Perfect timing to update the DCA. The market flushed tech and bitcoin since he middle of Jan. Thus the returns on this experiment have collapsed. Jeremy has been making tweaks selling META and Google and loading up on Salesforce, Adobe and other SaaS stocks. Since AI is causing fears in SaaS businesses Jeremy thinks this is a generational buying opportunity. AI isn’t going to replace every SaaS business. He is also buying American Express and shorting Tesla as a hedge. Jeremy is really concerned about the AI Cap Ex spend is fears the free cash flow from these hyperscalers could be dangerous. Cathie Wood says to double down.
Either way Bitcoin wins!