I’ve been doing a deep dive on tax-loss selling, and could post a longer post but don’t feel confident or ambitious enough post about Investment Industry taxation.

But long-story short: The last week into the new year looked a lot like pushing Bitcoin price down before ETF approvals.

Because Jan 1 is HUGE in the Investment world.

Every firm measures assets vs Jan 1.

So - if my thesis is true - the fact Bitcoin couldn’t be pushed far lower is the elephant in the 2024 room.

ETF fudders are going to have to provably short the news or gtfo!