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GM to all 36,066 of you. Crypto Nutshell #201 scoutin’ the area. 🥜 

We’re the crypto newsletter more invigorating than realizing you've developed an unbreakable shield and the responsibility to protect freedom... 🛡️🦅

What we’ve cooked up for you today…

• 🧑‍💻 The SEC was hacked?

• 🐂 $100 Billion is coming For Bitcoin

• ⚖️ The ETH/BTC ratio

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

THE SEC WAS HACKED? 🧑‍💻

BREAKING: Gary Gensler reports SEC X account ‘compromised’ — No spot Bitcoin ETF approval yet

The SEC continues to prove that it’s the biggest clown show on earth. 🤡

Late yesterday afternoon, the SEC’s official twitter account posted the following:

Everyone thought this was the moment we had all been waiting for.

But unfortunately shortly after the initial post, Gary Gensler informed us that the SEC’s twitter account had been hacked.

The ETFs were not approved (yet). 😢

Twitter on-chain analyst @therationalroot posted a chart breaking down the crazy price action that followed this fake announcement.

Checkout that god candle. (maybe a hint at what’s to come?)

Many didn’t believe that the SEC was “hacked”.

People started theorising that the SEC co-ordinated this “hack” to show how easily Bitcoin can be manipulated…

However, Twitter safety eventually confirmed that the SEC was indeed hacked.

The funny thing here is that they don’t have 2FA enabled…

Crypto twitter went ballistic off the back of this news.

Here are some of the highlights:

Regardless, tomorrow is the BIG day!

It’s happening. 😎

Are you as excited as we are?

TOGETHER WITH THE BITCOIN WAY 🧡

Excitement surrounding the launch of the Bitcoin ETFs is at all time highs.

You can almost feel it in the air.

Hype is returning, prices are surging.

However, the ETFs have one major flaw.

Owning shares of an ETF or keeping your Bitcoin on exchanges means you don’t truly own your Bitcoin.

Not your keys, not your coins.

We all know that self-custody is the way to go.

There’s just one problem - self-custody is complex, time consuming and if you don’t know what you’re doing - very costly.

That’s where The Bitcoin Way comes in. 

The Bitcoin Way functions as your Bitcoin IT team. They offer you personalised, secure & comprehensive solutions for every aspect of your Bitcoin journey. 

If you need help setting up self-custody solutions, The Bitcoin Way has got you covered:

• Comprehensive Support: From helping set up hardware wallets to running Bitcoin nodes 🤑

• Educational Approach: Ensuring clients understand and can independently manage their Bitcoin 🏫

• Inheritance Planning: Protect Your Bitcoin legacy for generations to come 👶🧓

The Bitcoin Way is your partner in securing a self-sufficient Bitcoin future. 

Go to thebitcoinway.com and book your FREE 30-minute call to kickstart your journey into self-custody! 🧡

$100 BILLION COMING FOR BITCOIN 🐂

$100 billion dollars of fresh capital is coming for Bitcoin by the end of 2024.

That’s the prediction out from analysts at Standard Chartered Bank.

Standard Chartered is a multinational bank headquartered in London.

They're currently valued at over $22 billion, with over 85,000 employees.

In a Digital Assets report released this week, their analysts made 2 predictions:

1. We could see $50 - $100 billion of inflows to Bitcoin ETFs in 2024 

2. This would potentially push Bitcoin to $200,000 by the end of 2025

Here’s something even more insane.

As we’ve been covering, there’s been less and less Bitcoin being held on exchanges.

Bitcoin has been flowing into cold-storage & into the hands of long-term holders.

Right now, there is only ~2.06 million Bitcoin held by all exchanges.

At today’s prices, all exchanges combined hold ~$108 billion worth of Bitcoin.

This means, Standard Chartered is expecting capital inflows nearly equal to ALL of the Bitcoin currently held on exchanges.

This demand would have to push the Bitcoin price, much, much higher.

No one truly knows how much inflows we’ll see.

BUT if the analysts at Standard Chartered are correct…

We are in for a huuuge 2024 & 2025. 🚀

THE ETH / BTC RATIO ⚖️

As we approach the approval of the Bitcoin ETFs, Ethereum’s value against Bitcoin continues to drop.

In fact, it hasn’t been this low since May 2021.

The ETH/BTC ratio is a simple way to gauge Ethereum’s performance relative to Bitcoin.

And unfortunately it isn’t looking good…

Here’s what this metric indicates:

• ETH/BTC ratio increasing: Ethereum has gained strength, market preference for ETH over BTC 💪

• ETH/BTC ratio decreasing: Ethereum has lost strength, market now favours BTC over ETH 😥

The cool thing about this metric is that it goes beyond price performance. We can use it to understand the current market sentiment on the top two crypto assets.

Currently, the ETH-BTC ratio is 0.048, the lowest it’s been since May 2021.

And it's no secret that Bitcoin has dominated Ethereum over the last 12 months:

• Bitcoin: +167.75%

• Ethereum: +78.45%

There's one HUGE reason why BTC has completely outperformed ETH by such a margin.

The ETFs...

There's just way to much hype surrounding them.

BUT, we're expecting the script to flip about halfway through 2024.

Don't forget, we have the Ethereum ETFs to look forward to.

(final deadline late May 2024 and BlackRock application means approval is almost certain)

CRACKING CRYPTO 🥜

Spot Bitcoin ETFs approval expected, start trading on Thursday: VanEck, Valkyrie execs. Speaking on CNBC’s ETF Edge on Jan. 9, VanEck’s CEO, Jan van Eck, said he expects the spot Bitcoin ETFs to start trading on Thursday, Jan. 11.

Lawyers, politicians call for investigation of SEC over Bitcoin ETF post. Politicians and securities lawyers said the SEC needs to be investigated over a false post on X stating the spot Bitcoin ETFs had been approved.

FOX Corp hopes to authenticate digital media with blockchain tech. The media conglomerate’s blockchain entity is letting news organizations prove ownership over their content.

Celsius creditors who withdrew 90 days before bankruptcy are asked to send money back. Celsius creditors who withdrew over $100,000 from Celsius in the three months before bankruptcy will have to return part of the funds.

WHAT WE’RE READING ✍️

Want to get even smarter? Check these out.

p.s. all completely FREE

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: C) $68,789.63 🥳

According to Coinbase, Bitcoin’s all-time high is $68,789.63

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.