Dog Wif Hat hits new all-time highs

JC Parets
March 30, 2024

Yes you read that right.

Dog Wif Hat is now worth over $4.6 Billion in market cap.

And to be clear, it is literally just "a dog wif a hat". There's nothing else to it. Check out the "white paper" for yourself.

Dog Wif Hat $WIFUSD is now a top 30 token.

In other words, if there was a Dow Jones Industrial Average for Crypto, the Dog Wif Hat would most definitely have to be considered as a key component.

This is all happening while Bitcoin is making new all-time highs, and the iShares Bitcoin ETF $IBIT closed at a new all-time high for the 3rd month in a row since inception.

If you think this is silly, let me remind you that we're way, way, way past silly.

Have you done the math on MicroStrategy lately?

This company is now pushing $30 Billion in market-cap (or roughly 6x Dog Wif Hat). That puts this latest monthly close as the highest in the company's history, even going back to the March 2000 peak.

But here's the thing. Before MSTR started buying Bitcoin, the company was only worth $1 Billion.

Over the past few years, MSTR has accumulated 214,246 bitcoins, which at $70,000 BTC price is worth around $15 Billion.

But the market-cap of MSTR is close to double that.

If you think markets are efficient, you must be new here.

If you think investors act logically, you must be new here.

This has nothing to do with "fundamentals".

These are the market dynamics at work.

You can either embrace it and try to profit from it, or just take your ball and go home.

We choose the former.

And I invite you to do the same.

Monday night @ 6PM ET I will be hosting our LIVE Monthly Charts Strategy Session.

This is where we get into the most important trends, how we're trying to profit from them, and very specific trades to express our views in the market.

These are mostly stocks but some ETFs too.

Premium Members can register here.

If you're not already a Premium Member, contact Mary right away so she can get you into Monday's session.

Taking this one step further, the best way to express these trades in the market is through options. Stocks are great. ETFs have their place too. But to be able to manipulate the trade structure to fit our risk parameters and profit goals can only be done in the options market.

On Thursday, Sean and I hosted the FREE Options Bootcamp where the best options trader I've ever met in my life walks you through the Perfect Options Process.

This is a system that I've watched Sean develop along with the rest of our team for many years. And it continues to improve to this day.

One big push for is this year, for example, is an additional layer at the end of the trade to allow us to capture even more profits when we're right.

And it's working.

Catch the Options Bootcamp FREE where Sean walks you through the 4 possible scenarios traders find themselves in when making a directional bet. For each scenario there is the perfect trade.

Give it a watch here and let me know what you think!

JC

 

 

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