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A Bull Case For Bitcoin Is Still Present

Nov. 01, 2021 9:16 PM ETBitcoin USD (BTC-USD) Crypto26 Comments


  • Bitcoin is up about 40% since my last review, and I plan on holding that position as I anticipate more gains.
  • The sector has seen the launch of the first Bitcoin futures ETF, which has renewed interest in the broader crypto universe.
  • This remains a volatile asset, so investors need to prepare themselves for big swings in both directions. As such, it is not appropriate for everyone.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »
Bitcoin Cryptocurrency trends Graphs and charts

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Main Thesis / Background

The purpose of this article is to discuss the merits of Bitcoin as an investment at the current market price. This is an alternative investment I entered in to with a small position, but monitored carefully, and decided to

Please consider the CEF/ETF Income Lab

This article was written by

Dividend Seeker profile picture

I began my career in financial services in 2008, at the height of the market crash. This experience has shaped my investment strategy - which is focused on diversification, dividends, and growth opportunities. I am a competitive tennis player, and I competed at the Division I level in undergrad. I have a Bachelors and MBA in Finance.

(He is a contributing author for the investing group CEF/ETF Income Laboratory where he specializes in macro analysis. Features of CEF/ETF Income Laboratory include: managed income portfolios (targeting safe and reliable ~8% yields) making use of high-yield opportunities in the CEF and ETF fund space. These are geared toward both active and passive investors of all experience levels. The vast majority of holdings are also monthly-payers, for faster compounding and steady income streams. Other features include 24/7 chat, and trade alerts. Learn more.)

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (26)

jimbo162 profile picture
Another excellent write up Mr Seeker, spot on. Everything crypto continues to move into the mainstream. Yes there are many good alts and plenty of momentum going forward. Expect more, maybe much more...not less.
Dividend Seeker profile picture
I appreciate it, thank you being a regular reader
c4dancer profile picture
Bitcoin keeps being taken off the exchanges and put into cold storage, leaving less bitcoin available for new buyers. Until that trend reverses, bitcoin is in a bull market.
Dividend Seeker profile picture
Good point on the scarcity issue
@c4dancer recent drop of this percentage seems to be very bullish. However the long term it seems to be in downward trend i think due to more investors withdraw to their own storage.
Dividend Seeker profile picture
Another interesting point, thanks for mentioning
InvestInMETA profile picture
It’s sitting at $61k after over a decade of faux intellectuals screaming for its fall to 0. Of course the bull case is still here…
Pale Blue Dot Research profile picture
Shirt term fib extension says $100K is the next stop in Nov. Stock 2 flow says north of $240K by end of bull run.
Dividend Seeker profile picture
I appreciate you sharing your perspective
BTC also will get some coming regulation. It might temporally drop the asset for the big boys to digest and jump in (by design) and then slowly or faster than we think rocket up. We shall see what they try and do to our hedge against inflation.
Dividend Seeker profile picture
Very true, I see common sense regulation as a positive actually, which I discussed in more detail in my last review
@Dividend Seeker as do I along with mr wonderful. The common sense part is what makes me nervous. Like taxation of unrealized gain nonsense. Wash sale, Tether regulation, exchange mandatory PL 1098s, KYC, and so on I am ok with.
jimbo162 profile picture
@Satch222 the unrealized tax on gains is unworkable from the start. It would hit most home owners hard, especially those in a home for more than 10-20 years, as well as anyone building IRA's or retirement positions. I give it maybe a 5% chance of passage.
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