JRM

My mistake, I obviously don't follow Bitcoin price too closely even though I own a tracking position now.

It seems like the Bitcoin bro's are 100x more bullish right now than gold bugs. Gold is hitting new all time highs whereas Bitcoin has not, yet. Probably because gold bugs have years of brain damage and trauma to overcome. Gold miners are still lost in the wilderness.

From a factor standpoint Bitcoin still trades like a high beta tech stock. I think it is still to be determined if it de-couples with gold over time. The interesting sector is the gold miners (and silver miners). Gold is at all time highs, oil is around $80, and the mining stocks are severely depressed. Maybe they finally work this time?

Looks like ~3% in my self-directed account after being down most of the year and watching the MAG7 rip. Most of the return came at the end of year, so hopefully that means I'm set up well for 2024.

bingo. I work with a lot of guys that do this.

This is funny: https://seekingalpha.com/news/3978395-goldman-sachs-mlp-and-energy-renaissance-fund-to-be-liquidated

I posted recently about CORR preferreds.

They were banned from Twitter in 2020 for propagating mis-information; the lab leak theory. Now that has been shown to be the most likely source of the virus. But yes, 90% of the content is bullshit. Like anything, don't dismiss information out of hand because of the source but rather based on its validity.

https://www.wsj.com/articles/crypto-companies-behind-tether-used-falsified-documents-and-shell-companies-to-get-bank-accounts-f798b0a5?mod=Searchresults_pos1&page=1 and here we go... also, Silvergate appears to be in trouble. Hopefully nobody still owns this donut.

Turbine blades, no. Batteries and solar panels, partially but requires energy to recycle and there's waste to dispose of.

On the topic of metals and minerals undersupply; remember that not only are we going to replace existing sources of energy (oil, natural gas, coal) with renewables, but the EXISTING renewables will need to be replaced or upgraded after 25 years approximately. Wind turbines and solar panels installed 20 years ago are nearing end of life. That's not to mention growth in energy requirements in places like India.

we're still so early.

What % of Germany's energy needs in an average winter are met by full storage capacity?

+2.9% very concentrated in energy, minerals, metals, and pipelines

Overbuilding unreliable renewables subsidized by bitcoin mining is not a net positive for the world. Investing in reliable energy sources that support grid stability (VAR and frequency stability), and on-demand availability are what is needed for a reliable grid.