All of my investments are tied up in my IRA. Looking to invest in Bitcoin without withdrawing from my IRA and creating a taxable event.
Friday, December 6, 2024
Day 106 Friday December 6th 2024
Hello everyone interested in The Ghost Disruptive Innovation Fund and welcome back to day 106!
Today's post is going to address the elephant in the room, $100,000 Bitcoin. What this means for the fund and a minor look at all 3 of the funds holdings that have doubled so far, Bitdeer Technologies (BTDR), Sofi Technologies (SOFI), and MicroStrategy (MSTR). Please stay connected for future trades, updates on holdings, and more holding reports! As always thank you for the continued interest in The Ghost Disruptive Innovation Fund!
$100,000 Bitcoin
On the night of December 4th 2024, all Bitcoin enthusiasts were greeted with Bitcoin finally crossing over $100,000 and a market cap of over $2 Trillion. Bitcoin has been on a hot streak since the US Election ended and with more and more continuously positive news for Bitcoin being released. The Fund has been absolutely elated since this event as should all Bitcoin and crypto enthusiasts! For all of those that did there due diligence and held there assets during rough periods, this is your reward. The Ghost Disruptive Innovation Fund is in that category. When Bitcoin was barely $55,000 the fund was worth roughly $180,000 showing losses on Bitdeer Technologies (BTDR), Bitfarms (BITF), CleanSpark Holdings (CLSK), Iris Energy (IREN), and other Bitcoin Proxies. The Fund held its strong beliefs in Bitcoin and we're beginning to get rewarded for the loyalty, yet this is just the start. Bitcoin has a very long road ahead over the next 12 months, where the price could begin pushing closer to $150,000. Funny enough, most Bitcoin Proxies the fund holds aren't even beginning to show there extreme movements, only up a measly 30%-70% with the $100,000 Bitcoin. The Fund is incredibly excited to continue watching Bitcoin over the next few months and anticipates when some of our Bitcoin Proxies like Miners are really going to become active with more Bitcoin price movements. Regardless, congratulations to every Bitcoin and Crypto community member in the world, a much deserved win for a very loyal, outspoken, and intelligent community!
Bitdeer Technologies (BTDR)
The Funds most successful purchase to date has been BTDR up over 170%. Bitdeer really is a special company the consistently remains undervalued and under recognized. If that's because of region of domicile with BTDR being the only Bitcoin Miner based in Singapore, the lack of understanding around the companies future exa-hash plans, or not enough people being knowledgeable about ASICs and Bitcoin mining software. Regardless, many will continue missing out on the long-term potential of BTDR. The company remains incredibly hard to understand, but deservedly so, the most diverse Bitcoin Miner with multiple different revenue segments and the only company in the industry with focus into R&D. Bitdeer Technologies will remain incredibly misunderstood throughout this cycle, but those who push themselves to research the company, its management, and future plans will be pleasantly surprised with the dark horse pick of the Bitcoin Mining industry.
Sofi Technologies (SOFI)
The original investment thesis behind SOFI was tailwinds of rate cuts, and this thesis worked perfectly. SOFI shares are now up over 120% from the funds original purchase and the company is just beginning to stretch its legs out with over 10 million members. SOFI will continue to reap tailwinds from the continued FED interest rate cuts, all while showing a continued expertise in the loan market and more loan originations. SOFI is set to continue having a strong 2025 as more FED interest rate cuts are expected, and the company will continue growing its overall member base.
MicroStrategy (MSTR)
Yesterday on December 5th, 2024, The Fund uploaded it's 7th Holding Report for MicroStrategy in honor of a $100,000 Bitcoin. MSTR has been on a rampage over the past 2 months, with CEO Michael Saylor raising over $10 Billion dollars for more Bitcoin purchases. Michael Saylor has continued to show extreme expertise in raising capital for Bitcoin purchases, currently on pace to complete all of the 2027 capital goals, by the end of 2025. MSTR will continue acquiring as much Bitcoin as possible and grow there war chest as large as possible. Since investing in the company, the funds shares have experienced over 100% gains, yet MSTR has such a long path of growth to continue on. As long as the company continues acquiring Bitcoin and holding onto it over the long-term all MSTR shareholders should be very very happy.
December 6th 2024 Holdings
Today's Top #1: Bitcoin sudden drop to $93K wipes out $303M of longs within minutes
tldr; A sudden drop in Bitcoin's price on December 5 led to the liquidation of $303 million in long positions as the price fell 5.47% within minutes, briefly dipping below $93,000. The price quickly rebounded to $96,410. This sharp decline resulted in total liquidations of $404 million over 24 hours. Analysts suggest this may mark the end of a market 'flush,' with potential for further decline if investors are spooked. The event followed Bitcoin reaching a new all-time high of $104,000, indicating a possible consolidation phase ahead.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Thursday, December 5, 2024
WABA Network: Smarter Energy Use for Bigger Bitcoin Mining Profits
What is WABA Network?
WABA Network is a platform that helps Bitcoin miners—and anyone with high energy use—lower electricity costs, boost profits, and even earn income from selling excess energy. By timing and controlling when devices draw power, WABA makes it easy to mine more efficiently and reduce waste.
How Does It Work?
WABA Network lets anyone initiate “demand response” events without any pressure. By visiting the platform, you can request that other users either ramp up or cut back their energy usage. In return, those who adjust their consumption get rewarded. It’s a dynamic, crowd-driven approach to balancing the grid that benefits everyone involved.
https://reddit.com/link/1h7tjcb/video/4aoajhhcn55e1/player
Why Use It?
WABA Network addresses the problem of energy peaks and valleys. Instead of always producing more electricity—which is often expensive and strains our infrastructure—the platform encourages people to time their usage wisely. In an era where energy needs are skyrocketing due to AI, crypto mining, and electric vehicles, WABA Network makes load management simpler and more cost-effective.
1. Reduced need for costly infrastructure upgrades
2. Better, more flexible load control accessible to anyone
3. Greater profit opportunities for more participants
How to Participate
To start participating in the WABA Network, simply purchase a WABA Smart Plug. Think of it as a more advanced version of a regular smart plug device—one that not only monitors your energy consumption in real-time but also validates your participation in demand response events. When a demand response request goes out, the WABA Smart Plug will confirm whether you’ve completed the required task (like reducing or increasing energy usage). By fulfilling these requests, you earn rewards, making your energy choices profitable as well as efficient.
How Much Can I Make From This?
WABA Network offers two main ways to earn:
Simply Being Connected:
Once your energy devices are plugged into the WABA Smart Plug and registered on the platform, you start earning tokens passively. Your presence in the network is valuable, so you get rewarded just for being part of the ecosystem.
Participating in Demand Response Events:
When the WABA Network calls for adjustments—like reducing or increasing your device usage—you can choose to take part. Fulfilling these requests can earn you additional tokens, boosting your overall earnings.
Looking Ahead
In the future, we plan to introduce even more features to help you maximize profits. Stay tuned for new options and opportunities that will make WABA Network participation even more rewarding.
For Small-Scale or Aspiring Bitcoin Miners
Joining the WABA Network can be a simple and effective way to boost your profits:
Earn More with Minimal Extra Cost:
Bitcoin mining already consumes a significant amount of electricity. By joining WABA, you can mine both Bitcoin and earn WABA tokens at the same time, using the same energy. This means you add another income stream without notably increasing your costs.
Flexible Response to Electricity Prices:
Your Bitcoin mining profits depend heavily on electricity rates. When prices spike, you can pause your mining operation and participate in WABA’s demand response events. This move earns you rewards for helping stabilize the grid, turning what would have been downtime into an additional revenue source.
Growing Demand from Energy Providers:
As city grids face higher energy loads, utilities are actively seeking participants to adjust their consumption. By being part of the WABA Network, you’ll be well-positioned to take advantage of these opportunities and potentially earn even more from events designed to manage and balance energy demand.
In a Nutshell
WABA Network transforms how you use energy, turning what used to be a cost drain into a source of income and efficiency. For Bitcoin miners, it means higher profits and better margins. For all energy users, it means smarter electricity use and potentially lower bills. It’s a win for your wallet and for the power grid, all managed through a convenient, user-friendly platform.
IBW2024: Regulatory Clarity, Security Risks, and Tax Reforms Dominate Discussions
🚨 Crypto News: India Blockchain Week 2024 lit up Bengaluru with global crypto minds flocking to the country’s tech hub on December 4th-5th. Organized by venture capital firm Hashed Emergent, the event tackled some hard-hitting topics, from India’s potential as a Web3 leader to the pressing need for tailored regulations.
VC interest in India’s blockchain ecosystem is brewing again, but regulatory clarity remains the missing puzzle piece. Industry voices highlighted the hurdles posed by steep taxes—a 30% tax on crypto gains and 1% TDS on every transaction—as well as outdated policies that make innovation a headache. Developers and exchanges are calling for a friendlier ecosystem to unleash the true potential of Web3 in India.
The conference also saw conversations around DeFi, blockchain advancements, and the future of decentralized finance. Meanwhile, security concerns took center stage after the WazirX hack, which left many Indian traders lamenting their missed chance as Bitcoin crushed past $100K during the event. With funds frozen, some users felt they not only lost money but also their hard-earned moment in the rally.
India’s Web3 future hinges on finding the right balance between innovation, security, and regulation. Will 2024 be the year India sets the stage for a crypto revolution?
CryptoNews #Web3India #BTC
Sharing Updated Timeline and Key Players and Connections who helped Trump take the White House
Would really appreciate you all helping me piece more of these key milestones together because it helps figure out the connections and motives. Through this activity I think the community hasn't focused a lot of their efforts researching David Sacks*.*
Key Players
- Donald Trump - Convicted felon, serial rapist, bankrupt billionaire, twice impeached 45th president
- Elon Musk - Ego eccentric tech billionaire who gets rich off other peoples ideas, acquires companies, and benefits from billions of government funding. Elon is from South Africa and came to the US for college, he then later violated his student visa. He speaks directly to Valdimir Putin to discuss Ukraine peace talks
- David Sacks - is a South African-American and Founder of Craft Ventures and part of the “PayPal Mafia” ( former COO of PayPal). David’s goal is to unite conservatives and former leftists in a reactionary movement against liberalism. Member of Dark Maga that has a track record of financing drug trafficking and money laundering operations. (interesting tweet).
Reasons why the DonOLD needed Elon to get back into the White House
As Kamala stated in the presidential debate on X night, “it is absolutely well known that these dictators and autocrats are rooting for you to be president again because they're so clear, they can manipulate you with flattery and favors. The reasons why I believe Trump needed to be in the White House 2024
- Trump is scared of prison and using the Presidential role to dismiss his court cases
- Looming debts from his $454m, 34 count conviction in NY to his $81m civit suit with E. Jean Carroll
- Trumps ego to be the most powerful person in the world and to line his own pockets for personal gain for his businesses and family
Reasons why David Sacks wants to push his agenda to the White House
What the crypto industry has been asking for more than anything else is a clear legal framework to operate under. If Trump wins, the industry will get this, and more innovation will happen in the U.S. If Harris wins, Warren & Gensler will keep driving the train, and innovation will be driven offshore. This should be an easy choice for anyone in the industry. ( tweet) Fundamentally David believes that the Biden administration is getting carried away with regulations. Biden has a hostile innovation agenda and that he is doing everything he can do to alienate Silicon Valley.
- hostile to AI ( AI needs energy and the US doesn’t have nuclear energy)
- hostile to crypto
- hostile to M&A
- hostile to options as compensation
David Sacks is the primary person that brought a majority of the billionaires to the table. Tech billionaires want to bring in outside people to come in and shake things up. The first inning in their plan will be for radical truth seeking transparency and sharing (the release of the epstein/diddy/JFK files). They believe that AI will help automate the Government take all the files and load them through AI so people can ask questions of the data and to automate or eliminate departments of people. Use data to establish trust. Want a massive declassification of the federal government
David Sacks concerning posts on X
[6/13/2024] - Elon lost his sham trial but voters fixed it. Trump lost his sham trial but voters…
[6/14/2024] - Startup tip: you’re not required to have DEI. Firing this team will immediately save costs and improve performance.
[6/15/2025] It’s crazy that voting machines have not open-sourced their code
[6/30/2024] -To save democracy, we must defer to an oligarchy! 🤣
Elon motivations to help Trump win the White House
To recoup lost investment, control AI narrative, and follow through with his promise to hand Ukraine territory over to Russia. Elon is struggling with recouping his funds from the Twitter acquisition and his frustration with the Biden Administration for implementing the Chips Act which adds extra regulations to the advancement of AI. With Musk's recent launch in xAI, Elon and his silicon valley tech buddies do not want to be hindered from innovating quickly and pushing boundaries with AI. On top of that Musk has had billions of government grants for SpaceX and Tesla. Biden’s administration started giving out more handouts to his competition like Rivian ($6.6B) or blocking his 6/11/2024 - $56m compensation package.
Post election Musk has been vocal about blocking OpenAI from becoming profitable and announcing that they DOGE will be trying to strip the $6.6B government grant once Trump comes into office. It seems Elon needs to make due on promises to his investors (Saudis, Putin and David Sachs) and to grow his own companies with Trump government funding and block all his competitors (China car manufacturers, Rivian, OpenAI, Google, etc)
Primary investors of Twitter take over Unsealed legal document
- Sean “Diddy” Combs, a rapper who has been accused of rape, assault, and forcible drugging
- Andreessen Horowitz
- Saudi Prince Alwaleed bin Talal al Saud
- Sequoia Capital
- Fidelity
- 8VC, a venture capitalist company co-founded by Joe Lonsdale, co-founder of intelligence contractor and data analysis platform Palantir.
- 8VC employs Jack Moshkovich and Denis Aven, two children of sanctioned Russian oligarchs, Vadim Moshkovich and Petr Aven
- Peter Aven - is the president of Alfa Group, one of Russia’s largest financial and industrial conglomerates. He is sanctioned by the European Union, the United Kingdom, and the US Treasury.
- Vadim Moshkovich, founder of the agriculture conglomerate Rusagro, was also sanctioned by Western states (but not the US) after Russia invaded Ukraine in 2022. Moshkovich met with Russian president Vladimir Putin the day Ukraine was invaded. He served in Russia’s Federation Council, the upper chamber of parliament, from 2006 to 2014.
- 8VC employs Jack Moshkovich and Denis Aven, two children of sanctioned Russian oligarchs, Vadim Moshkovich and Petr Aven
Secondary Players
- Donald Trump Jr - Likes to ski white slopes, son of the most corrupt president, and recently joined as a board member of 1789 Capital
- Nelson Meltz - Billionaire who played matchmaker for Trump and Musk by hosting breakfast a his home in FL
- Prince Alwaleed - High-profile Saudi Arabian investor Prince Alwaleed bin Talal who has bailed out Donald Trump over 3 times since the 1990s (approx $900m) and recent major investor into Elon Musk new company xAI
- Peter Thiel - Evangelical christian who supports apartheid. Co-founder of PayPal, Palantir Technologies, Founders Fund and invested in SpaceX. Co-authored a book with David Sacks, The Diversity Myth : Multiculturalism and Political Intolerance on Campus”
- Trevor traina - Founder and CEO of Kresus Labs
- Joe Lonsdale - Cofounder of Palintir, and founder of 8VC, a venture capitalist firm that directly employs the members of the Kremlin.
- Ken Howery - Billionaire investor who just become a key investor in xAI, former founder of PayPal
- Omeed Malik - Founder and CEO of Farvahar Partners and president of 1789 Capital VC firm
- Shayne Copeland - CEO of Polymarket, the world’s largest prediction market. This platform pegged Donald Trump’s chances of victory at 58%. By 11:43 p.m. ET—nearly six hours before the Associated Press called the election
Timeline and key connections
[3/6/2026] - Elon posted on X that he will not Donate any money to either candidate
[3/18/2024] - Nelson Peltz hosts breakfast for Trump and Musk at an estate in Palm Beach discussing a "data-driven" project to combat voter fraud
[5/28/2024] - Saudi Prince Alwaleed bin Talal invests in Elon Musk’s $24B xAI startup
[6/7/2024] - David Sacks raised $12m by hosting a dinner for Trump with all Silicon Valley Billionaires charging $300,000 a seat
[6/11/2024] - Elon gets his $56m Tesla compensation package denied. ( I suspect this was the moment that really pissed him off, enough to ramp up engagement on engaging in the campaign from being a passive member to an active participant)
[6/15/2024] - Elon posts “We should eliminate electronic voting machines. The risk of being hacked by humans or AI, while small, is still too high.”
[6/15/2024] - Trump in Detroit MI speaks at the People's Convention
- “Listen, we don’t need votes. We’ve got more votes than anybody’s ever had. We need to watch the vote. We need to guard the vote. We need to stop the steal. We don’t need votes. We have to stop focus… Don’t worry about votes. We’ve got all the votes.”
[6/17/2024] - Elon has a spat on X with India's former junior IT Minister Rajeev Chandrasekhar. Musk doubled down, saying: “Anything can be hacked.”
[6/20/2024] - Trump is a guest on the All In Podcast. Jason Calacanis, podcast host, has a Freudian slip, “And it looks like you are going to win a second term here.”
[6/22/2024] - Trump at Faith and Freedom conference in Washington DC (01:18:18-01:18:34)
- “I tell my people, I don't need any votes. We got all the votes we need. I don't need votes.”
- “What I don't want is those votes to disappear. They disappear and new votes appear, brilliantly appear”
[6/27/2024] - Biden and Trump have their first debate
[6/28/2024] - Trump Chesapeake VA
- “We don’t need votes”
[7/9/2024] - Elon engages with voting security expert J. Alex Halderman on X
[7/13/2024] - Elon announces on X his full support of Dump
[7/15/2024] - Elon shares that he created a SuperPAC, committing $45m/mo
[7/19/2024] - Key Elon silicon valley puppeteers celebrating at the RNC, David Sachs, Don Jr, Polymarket CEO Shayne Copelan (post has been scrubbed from the internet).
[7/21/2024] - Biden announces he is not running for the second term and endorses Harris
[7/21/2024] - Trump extremely upset that Biden dropped out of the race (spends about a month complaining about Biden dropping out
[7/24/2024] - Elon makes a pit stop at the Capitol
[7/25/2025] - Trump calls into Fox and Friends
- “My instruction, we don’t need the votes I have so many votes”
[7/26/2024] - Trump at Believers' Summit hosted by Turning Point Action says,
- “Vote this November, they will never have to vote again. Get out and vote this time. You won’t have to do it anymore. In four years, you don’t have to vote again. We’ll have it fixed so good you’re not going to have to vote”
[9/10/2024] - Harris and Trump have their first debate
[10/5/2024] - Elon on stage for the first time at a Trump rally in Butler PA. Elon announces he is Dark Maga aka Mafia
[10/7/2024] - Tucker Carlson interview’s Musk peddling project 2025 as well as Musk’s states “If [Trump] loses, I’m fucked… How long do you think my prison sentence is going to be?”
[10/16/2024] - Elon quietly moves $765m of Bitcoin to unidentified wallets (Could this been a payment to the individuals or companies that help hack to voting machines, their job was done and delivered the source code updates)
[10/17/2024] - Elon holds town hall in PA state sharing some Freudian slips,
- “I’m a technologist. I know a lot about computers. I’m like, the last thing I would do is trust a computer program because it is just too easy to hack. It’s too easy to add just one line, and it’s really difficult to hack paper ballots”
- “I think some amount of cheating that takes place. It’s hard because when you have mail-in ballots and no proof of citizenship, it becomes almost impossible to prove cheating is the issue. So a lot of people on the Dem side will say, there’s no cheating, there’s no cheating”
- “I’m a technologist. I know a lot about computers. I’m like, the last thing I would do is trust a computer program because it is just too easy to hack.”
[10/23/2024] Trump takes the stage in Derry New Hampshire to continue sharing his no vote rhetoric,
- “You don’t have to vote. Don’t worry about voting. The voting, we got plenty of votes. You got to watch election night”
[10/25/2024] - Michigan reports issues with Dominion machines with straight party voting
[10/29/2024] - Michigan reports double counting of votes, and one voter record copied 29 times
[11/5/2024] - Elon’s kid crashes the interview with Tucker Carlson on election night and says “ we quietly do whatever we want”
[11/5/2024] - Election Night, Elon posts about PA votes start dropping after 10/10/2024
[11/12/2024] - Joe Rogan on his podcast shared that Elon developed a custom app on his phone that gave him real-time vote counts-- so he knew trump had won four hours before anyone else called it
[11/13/2024] - FBI raids apartment of Polymarket CEO, Shayne Coplan.
[11/19/2024] Trump asking for his second term to start on Nov 5th at first speech post acceptance [source]
What's Next to research
Heritage Foundation is tied to member at EAC.gov, ProV&V, ES&S, and Dominion. Goal to figure out who the tech billionaires connected with at these companies who helped Elon get the data to put into his mobile phone where he could look at voting data four hours before everyone else.
I have other chores too if you want to work together. Please message or chat me
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