Investors,

I was already irresponsibly long bitcoin. I was already way too bullish. Yet here I am, more bullish than normal after reading SkyBridge, a global alternative investments firm specializing in fund of hedge funds products, new bitcoin whitepaper.

The deck was put together shortly after SkyBridge announced it bought $300 million worth of bitcoin and launched a bitcoin fund for accredited investors.

The deck finds:

Bitcoin is digital gold. It is better at being gold than gold.

A small re-allocation of capital from the $128 trillion fixed income market to Bitcoin, a $500 billion market, would produce a substantial increase in the price of Bitcoin

Based on Bitcoin’s unique properties, the maturation of the asset class, and numerous discussions with large asset allocators, SkyBridge believes:

The hedge funds are coming

The public company treasurers are coming

The insurance companies are coming

The pension funds are coming

The RIAs are coming

A Bitcoin ETF is coming

The banks and brokerage firms are coming

Sky bridge’s conservative price target is $535,000.

I would highly recommend reading the full deck and sharing it with anyone still skeptical about bitcoin. You could have ignored bitcoin back in 2017, but not anymore. Prepare for a wave of liquidity to hit bitcoin over the next year.

I hope you all had a great holiday break.

Talk to you tomorrow,

-Molesy

As a reminder, this is not financial advice. Do your own research. 

Nothing in this newsletter constitutes investment, accounting, tax, or legal advice or is a recommendation that you purchase, sell or hold any security or other investment or that you pursue any investment style or strategy.

Subscribe at molesy.substack.com