Blogs -Why the I/O Fund Cut BTC at the Top

Why the I/O Fund Cut BTC at the Top


June 23, 2021

Knox Ridley

Portfolio Manager

On March 2nd we provided a detailed webinar regarding the state of Bitcoin. We outlined that we could see one more push for Bitcoin into the $64,000 - $107,000 region before we see a major top form.

As the uptrend continued through April and May, Bitcoin topped at $64,895, which was the lower end of our listed range. Because of this, we began a selling campaign, where we took heavy gains by cutting our position in half.

We began buying Bitcoin at $7,717 in 2020, and continued to buy up through the $19,666 breakout. We have re-allocated our cash gains from Bitcoin into beaten down tech stocks. We have also begun buying back into Bitcoin in small increments.

View Bitcoin Update video here:

Gains of up to 1150% from our FREE stock tips newsletter.

Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!

+1150% on Roku

+560% on Nvidia 

+162% on Zoom

+340% on Bitcoin

Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.

If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 324% on Zoom, 601% on Nvidia, 445% on Bitcoin, and 4-digits on an alt-coin. The I/O Fund is audited annually to prove it’s one of the best performing Funds on the market with returns that beat Wall Street funds. 

More To Explore

Newsletter

Cloudflare Stock: Ambitious Company Must Prove Its Valuation

Cloudflare is excelling as a company in website and application security in addition to Zero Trust and R2 Storage products. Doubtlessly, it will deliver. But at its current valuation, Cloudflare as a

December 28, 2021

I/O Fund Discusses Winning Stock Picks with Charles Payne of Fox Business News

In November, Beth Kindig discussed winning tech stock picks on the Fox Business News show ‘”Making Money With Charles Payne.” Below are video previews of her discussion and an overview of what the two

December 03, 2021

I/O Fund’s Preview of 7 Semiconductor Stocks Ahead of Q3 Earnings

This quarter we chose Nvidia, Lam Research, Ambarella, Advanced Micro Devices, Broadcom, Marvell Technology, and Qorvo for an earnings preview.

October 20, 2021

Social Media Projected to Lead Global Ad Spend in 2021

Global digital ad spending is projected to grow 10.1% YoY, powered by 18% growth in social media, according to a report from Dentsu, an advertising and public relations company based in Japan.

April 22, 2021

Levels to Watch: Bitcoin Approaches Upside Target

After reaching a new all-time high of more than $61,200 per coin last weekend, Bitcoin is currently trading around $59,000.

March 18, 2021

Podcast: Tech Growth Stocks ZM ROKU FSLY BTC and more

I had a great time talking with Ryan Henderson and Brett Schafer on the Chit Chat Money podcast last week. They challenged me with questions on the bear case for Roku a...

October 21, 2020

Why I'm Stacking Satoshis

Last July, I began covering bitcoin. The premise was based on three phases for widespread adoption: institutional adoption, global economic uncertainty, and mobile paym...

June 18, 2020

Will Bitcoin Make a Good Investment? Phase 2: Economic Uncertainty

In the previous analysis, we discussed one primary reason that bitcoin will make a good long-term investment, as the price is likely to go up and stabilize once institu...

July 12, 2019

I/O Fund’s Semiconductor Q4 2021 Earnings Preview

TSMC broke off Q4 semiconductor earnings after it reported on 01/13/22. Sales at the massive foundry pure play grew 21% YoY in Q4, and net income increased 16%, setting the stage for a strong earnings

January 21, 2022

Sign up for Analysis on
the Best Tech Stocks

The I/O Fund specializes in tech growth stocks and offers in-depth research and real-time trade notifications.

We are on social networks


Copyright © 2010 - 2022
Get Free Weekly Analysis on the Best Tech Stocks