- Crypto Nutshell
- Posts
- 🥜 13 Reasons why we're Bullish
🥜 13 Reasons why we're Bullish
PLUS: Michael Saylor strikes again
GM to all 11,913 of you. Crypto Nutshell touchin’ down. 🥜 🪂
We’re the crypto newsletter that's less complicated than navigating the politics of a fantasy realm with dragons and noble families... 🐉🏰
Today, we’ll be going over:
🤑 MicroStrategy bolsters the stash
🐂 13 reasons to remain bullish
🤔 Bitcoin is proving everyone wrong
💰 And more…
MARKET WATCH ⚖️
Prices as at 7:30am ET
Only the top 20 coins measured by market cap feature in this section
MICROSTRATEGY BOLSTERS THE STASH 🤯
Michael Saylor has done it again.
Yesterday MicroStrategy revealed a purchase of an additional 5,445 Bitcoin for ~$147.3 million at an average price of $27,053 per Bitcoin.
This brings MicroStrategy’s total holdings to 158,245 Bitcoin, making them by far the largest holder compared to other public company’s.
Literally more than 14 times the holding of Marathon Digital…
According to a tweet by Saylor, this latest purchase puts MicroStategy’s average cost per Bitcoin at $29,582.
Twitter user @CryptoTea_ broke down all of MicroStrategy’s past Bitcoin purchases.
$250 million of BTC at $11,000
$700 million of BTC at $21,000
$1 BILLION of BTC at $52,000
$500 million of BTC at $37,000
$177 million of BTC at $45,000
$242 million of BTC at $48,000
$500 million of BTC at $59,000
$280 million of BTC at $45,000
$200 million of BTC at $30,000
$377 million of BTC at $28,000
$147 million of BTC at $27,000
TOGETHER WITH MINDSTREAM 🧠
Crypto was the fastest adopted technology the world had ever seen… until Artificial Intelligence came along.
Which makes keeping up with A.I … complicated.
Between learning the newest tools and knowing the latest news, Artificial Intelligence can feel overwhelming.
But it doesn’t have to. That’s where MINDSTREAM steps in.
Makes keeping up with the latest AI breakthroughs dead simple ✅
Helps you stay on top of the latest AI Tools to improve your productivity 🔨
Delivered straight to your inbox every single day in a 5 min read 📨
The cherry on top? They’re also completely FREE just like us.
Subscribe now by slamming that big subscribe button below, there’s really nuttin’ to lose. 🥜
|
13 REASONS TO REMAIN BULLISH 🐂
We wouldn’t blame you if you were feeling gloomy about crypto right now.
We get it, sometimes its' hard to remain optimistic.
But not being bullish over the next 12-18 months would be a huge mistake.
There’s so many bullish catalysts imminent & today’s crypto expert, Anthony Sassano, laid them all out.
He split them into outsider & insider bullish narratives:
Outsider narratives:
Bitcoin Halving in April 2024
Multiple spot Bitcoin ETF approvals
Grayscale ETF conversion
ETH Staking becoming attractive to TradFi due to yield
Positive U.S Regulatory developments such as the Stablecoin bill
TradFi companies continual adoption of crypto (such as Visa & PayPal)
Insider Narratives:
4 year cycle is playing out nicely
BTC pumping 12-18 months following Halving
Layer 2’s taking off
Decentralised social platforms
Drastically improved supply dynamics of Ethereum (Merge + burn mechanism)
DEX volumes becoming as dominant as CEX volumes
ETH burn increasing in bull-run and ethereum going giga deflationary
Whenever you’re feeling down or gloomy, come back to these 13 reasons why to remain bullish. 🐂
BITCOIN IS PROVING EVERYONE WRONG 🤔
Did you know that Bitcoin mining is the most sustainably powered global industry?
A common argument against Bitcoin mining is that it’s too energy intensive and extremely bad for the environment.
Well Daniel Batten is here to prove that completely wrong.
Analysis has revealed that over half of the energy resources consumed in Bitcoin mining are from sustainable sources, placing Bitcoin comfortably in rank 1.
Funnily enough the banking sector trails Bitcoin with only 39.2% of energy use coming from sustainable sources.
Over the last 4 years, Bitcoin’s emission intensity has also reduced by an insane 50%. This means Bitcoin also has the lowest emission intensity when compared to all other major global industries…
To make this stat even crazier, this reduction in emission intensity came whilst the Hash Rate has been breaking all time highs. 🤯
To put it simply, the total computational power of the Bitcoin network has been increasing but the emission intensity has been decreasing. That’s wild.
Clearly the Bitcoin mining industry is committed to sustainable operations. 🌞
Oh and if you’ve been around crypto for quite a while you may remember this Tweet from Elon Musk…
You’re move Elon. ♟️
CRACKING CRYPTO 🥜
WHAT WE’RE READING? ✍️
Want to get even smarter? Check these out.
p.s. all completely FREE
|
|
|
CAN YOU CRACK THIS NUT? ✍️
What is Bitcoin’s maximum supply?
A) 21 million
B) Unlimited supply
C) 40 million
D) 19 million
Find out the answer at the bottom of “Meme Corner” below 😀
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: A) 21 million 🥳
The maximum supply of 21 million bitcoins will be reached around the year 2140.
GET IN FRONT OF 11,900+ CRYPTO INVESTORS
Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.
HOW DID WE DO? 🤷
Let us know you’re thoughts by clicking one of the options below.
We read every comment submitted in this poll and love to hear what you guys have to say. 😁
Bonus points for any feedback or content suggestions you may have
What did you think of today's Newsletter?don't worry, you won't hurt our feelings... 🥲 |
NUTCASE REVIEW OF THE DAY 🔍
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.
Reply