GM to all you crypto nuts. Crypto Nutshell #469 chargin’ in… 🐘 🥜

We're the crypto newsletter that's more intense than escaping a deadly alien infestation aboard a spaceship... 👾🚀 

What we’ve cooked up for you today…

• 🏦 Largest crypto acquisition

• 🧨 $70,000 is coming…

• 💪 The HODLers

• 💰 And more…

What’s in the Crypto Nutshell Portfolio? 

LARGEST CRYPTO ACQUISITION 🏦 

BREAKING: Stripe acquires stablecoin platform Bridge for $1.1 billion in crypto's largest acquisition

There it is!

Crypto’s largest acquisition EVER just took place. 😲 

Fintech giant Stripe acquired stablecoin platform Bridge in a deal valued at $1.1 billion.

(Fun fact, this is also Stripes largest acquisition to date)

Bridge, founded by Sean Yu and Zach Abrams, provides software that helps companies accept stablecoin payments.

Bridge had previously raised $58 million from investors at a $200 million valuation.

That’s quite the jump in valuation. 📈 

But this isn’t Stripes first move into the stablecoin space…

Earlier this month, Stripe reinstated crypto payments for US businesses via USDC.

Stripe also signed a partnership with Coinbase, which saw:

• Stripe incorporate Coinbase’s Ethereum Layer 2 Base into its crypto payment products

• Coinbase add Stripe as a way for customers to purchase crypto within Coinbase Wallet

The big money is bullish on crypto…

A $1.1 billion dollar deal is nothing to laugh about…

Should you invest $1,000 in altcoins right now?

The Crypto Nutshell Analyst Team just identified what they believe are the 20 best altcoin picks for this bull run… and Cardano wasn’t one of them. 😂

Since the inception of the portfolio, 2 altcoins in the portfolio have already done a 3.3x and a 2.47x… In just 1 month.

Tomorrow we open the doors to the first 50 members of the Crypto Nutshell Portfolio.

If you’re interested in altcoin coverage & want to outperform Bitcoin, click the first button below to join the waitlist. (this is your last chance)

We will be sending an early email to everyone on the waitlist 15 minutes before the Crypto Nutshell Portfolio goes live.

First in, first served. (Crypto Nutshell has 60,000+ readers, you do the math)

$70,000 IS COMING… 🧨

For the first time since March this year, Bitcoin just made a new higher high.

Now, there’s no reason Bitcoin shouldn’t be trading over $70,000 by next week.

That’s the latest prediction out from out macroeconomic analyst, Pentoshi.

If you haven’t heard of Pentoshi, he’s is a technical analyst who regularly posts his charts, trades, and macro predictions on X.

At Crypto Nutshell he’s one of our favourite analysts for 2 reasons:

1. His impressive technical analysis 📈

2. He’s ridiculously accurate with his calls ✅

To maintain his anonymity, he writes under the pseudonym "Pentosh1" and uses a cartoon penguin as his avatar. 🐧

In a post today, he pointed out that for the first time since March, Bitcoin just made a new higher high on its chart:

A "higher high" when it comes to technical analysis is considered extremely bullish.

Since March, Bitcoin has been making “lower highs”. However, today, it just set a “higher high” which tells us 2 things:

1. Trend confirmation - Bitcoin is now undeniably in an upwards trend

2. Upward momentum - Demand has flooded back to BTC, reflecting growing investor confidence

With such a bullish weekly close, Pentoshi has seen enough.

He believes Bitcoin will be trading in the $70,000’s by next week:

We hope you’re not sidelined. The fun is about to begin…. 🍾

THE HODLERS 💪 

Let’s kick off the week with a checkin on our favourite metric.

The Bitcoin HODL waves! 🌊 

Each coloured band shows the percentage of Bitcoin that last moved within that time period.

As the colours get cooler, the age bands get older (purple being the oldest, representing coins last moved more than 10 years ago).

And whilst this metric can be used to analyse the amount of short-term holders…

We’ll be focusing on the long-term holders today. (coins held for more than 6 months)

Here’s the breakdown:

• 6m - 12m: 14.26%

• 1y - 2y: 11.21%

• 2y - 3y: 7.38%

• 3y - 5y: 15.06%

• 5y - 7y: 8.49%

• 7y - 10y: 5.72%

• >10y: 16.79%

That means that ~78.91% of the Bitcoin supply has NOT moved in over 6 months.

Which is absolutely ridiculous when you really think about it…

It’s also within striking distance of setting a new all-time high.

Bitcoiner’s just don’t wanna let go of their coins.

Here’s the main takeaway from this data:

The amount of long-term holders continues to increase with each cycle.

Once people truly understand Bitcoin, it takes a lot for them to sell their coins…

With such a limited amount of Bitcoin for sale, it bodes well for future price action. 🚀

CRACKING CRYPTO 🥜

Bitwise CIO says Bitcoin poised to push past $100K amid ETF boom, whale accumulation. Bitwise CIO Matt Hougan believes the recent surge in ETF flows and Trump's poll lead propel Bitcoin toward $100K milestone.

Prediction markets are not being manipulated. The most recent Polymarket odds put Trump's chances of winning the 2024 Presidential election at 60.3% and winning all six swing states.

MicroStrategy's 'Nav Premium' Shouldn't be Feared, Says Benchmark, Raising Price Target to $245. The company's use of "intelligent leverage" differentiates its stock from other means of gaining exposure to bitcoin, argued analyst Mark Palmer.

Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level. Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

• Raremints (link) - Daily crypto news

• Bitcoin Breakdown (link) - Twice weekly Bitcoin news

• Crypto Pragmatist (link) - Actionable alpha 3x a week

• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

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: D) July 2017 🥳

BNB was originally called Binance Coin when it was launched in July 2017

GET IN FRONT OF 64,000+ CRYPTO INVESTORS

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Get in touch today.😎

HOW DID WE DO? 🤷

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

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.