Robinhood has said its move is to affirm its commitment to BTC rather than a bet on its valuation. This is quite different from Strategy which views BTC as a hedge against inflation and is counting on its BTC assets to increase in value and thereby lift Strategy’s valuation. It is possible that other financial platforms may follow Robinhood’s lead but accumulating it in large amounts like Strategy is risky and will require careful consideration and risk management.
I favour the prospects of Las Vegas Sands over Genting. The redevelopment of Sentosa may sound exciting but RWS has always been a laggard to MBS and gone for less optimum kind of choices driven by cost/bottomline rather than offering a truly outstanding premium experience.
$Addvalue Tech(A31.SI)$$Olam Group(VC2.SI)$ $HRnetGroup(CHZ.SI)$ August Trade Recap and September Outlook Add Value: To provide some background, my position in this stock started out as an opportunistic buy and it did go up after my purchase but I did not take profit. I was then left bag holding when the price plunged to 0.13-0.15. I decided to average down in August. Now it has gone up even above my original cost basis and I’m a happy camper. The anticipation surrounding the spin-off Nasdaq listing looks set to keep the momentum up. Olam: I made the decision to increase my position when it dropped to what I thought was a fairly