Good chance to work in the President's working group on Digital Asset Markets, potentially on both the recently announced US Sovereign Wealth Fund (with potential for the US government to own Bitcoin) and the coming US Strategic Bitcoin Reserve studies.
He (and many others) will rock the US Bitcoin space in the coming year!
His views on Bitcoin? See
this 2 minute youtube video here which he put out 5 months ago as Chairman and CEO of Cantor Fitzgerald. If you haven't heard of Cantor Fitzgerald, it is an American financial services firm that specializes in institutional equity, fixed income, serves the middle market with investment banking services, etc, active in new businesses including advisory and asset management services serving over 5,000 institutional clients with 12,000+ employees, it is also one of the 24 primary dealers authorized to trade the US government securities with Federal Reserve Bank of New York, have employees in more than 30 locations including Americas, Europe, Asia-Pacific, Middle East.
Key takeaways (my paraphrasing of his youtube video)
To know Bitcoin's next 5 years, look at Bitcoin's past 5 years.
Traditional Finance (banks) wants to transact Bitcoin, but they need the regulator's "okay".
Right now, if banks were to hold your bitcoin, they would have to set aside their own money equal to the said amount, and it will be "in jail" and you'd say "that's crazy" and that's why the banks are not doing it, but if the regulatory environment was good, you'd see all the banks and tradfi services companies rushing into Bitcoin.
It's going to be a "slow and steady" process, but eventually, there's going to be a CTFC chair who says "Bitcoin is a financial asset, we are going to treat it as such, and when that happens, Bitcoin is going to move in a very strong positive direction" ...
Bitcoin bounces around like any other financial asset, but ultimately, over the next 5 years, Bitcoin price is going to go very much higher.
My Summary and Conclusion
Past 5 years, Bitcoin grew 10-15 times, from $7k-10k to over $100k, suggesting that over the next 5 years, Bitcoin might grew another order of magnitude!
Own Bitcoin and MSTR. Do Covered Strangles - hold shares, sell CSP and sell CC.
Until there's clarity on US government's position on the US Strategic Bitcoin Reserve, with charts confirmation, don't be afraid to short the rallies by selling OTM Calls - you ought to win bigger on the short side.
The moment there's clarity, switch some immediately fromSell Calls to Sell CSP, in case it spikes very big.
Buy the dips via CSPs, don't be afraid to let it get ITM temporarily until the very last day when you will then decide what to do with the CSP position.
This should win well over next few months - the good news will not come so soon as it will be a "slow and steady" process and government doesn't work that fast.
Disclaimer: Not financial advice. Just a random guy on the Internet. You are solely responsible for your own trading and investing decisions.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....