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- 🥜 A guide to make $20 billion...
🥜 A guide to make $20 billion...
PLUS: Low BTC volatility is bullish?
GM to all 10,463 of you. Crypto Nutshell comin’ at ya! 🫶 🥜
We’re the crypto newsletter that won't warp your reality like a mind-bending journey through dreams within dreams... 💤🌀
Today, we’ll discuss:
U.S Government holding Bitcoin? 🤨
How to make $20 billion dollars… 🤑
Is low volatility a bad thing? ⚡️
And more…
MARKET WATCH ⚖️
Prices as at 6:40am ET
Only the top 20 coins measured by market cap feature in this section
U.S GOVERNMENT PLANS TO UNLOAD BITCOIN HOLDINGS 😲
Did you know that the U.S Government is the proud HODLer of 41,490 Bitcoin, worth over $1.7 billion dollars. 🤨
AND they plan on selling the ENTIRE lot over the next 3.5 months, before the end of 2023. 😳
If you’re unsure how the U.S Gov came to be holders of over $1 billion in BTC, they seized it off a Silk Road O.G hacker - James Zhong, in November last year.
The entire story behind it is fascinating, but way too long to tell here. If you have a spare 30 mins free, check out this brilliant documentary on it.
But why would they sell their Bitcoin now? That doesn’t make any sense.
That’s exactly what Michael Saylor thinks and we’ll explore what the U.S Government SHOULD be doing below. 👇
TOGETHER WITH THE PHENOM UPDATE ⛫
Crypto is like the wild west of investing.
It’s not uncommon to see 10x, 50x or even 100x plus returns in a bull market.
As much as we love Bitcoin & Ethereum, unfortunately they’re most likely not going to pull a 100x next bull run. They’ve gotten too big.
The next 100x gem is probably going to come from a coin you’ve never heard of.
The problem? There are literally thousands upon thousands of coins.
That’s why we read The Phenom Update.
They share the best kept secrets on the latest DeFi & crypto trends. 🤫
The best part?
Just like us, they’re completely free.
Click that beautiful subscribe button and it’ll automatically add you to their list.
If you’re not a fan, you can always unsub. Nothin’ to lose. 🎉
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HOW TO MAKE BILLIONS RISK FREE 🤑
So the U.S Government is holding all of this Bitcoin and they plan to sell it over the next 3.5 months…
Michael Saylor recently broke down why the U.S Government is being moronic and playing this completely wrong.
If they were smart & played it right, they could make billions of dollars for the U.S tax-payer. 💰
Here’s Saylor’s plan on how they should do it:
Instead of selling the Bitcoin, the U.S Gov should put out a one paragraph press release saying they have decided to not sell the BTC and are now planning on holding.
This would sky-rocket the price of Bitcoin immediately, as it’s a subtle nod of approval from the U.S Gov & a clear indication they think it will be worth more in the future.
The Bitcoin they hold is now worth multiples more, completely risk free.
“Any intelligent bureaucrat, if they just wanted to make another $20 billion dollars risk-free for the United States of America, all they have to do is draft a one paragraph press release saying: ‘We have it and we've decided we're going to keep it. We're going to hold.’ … Just one paragraph press release and you make $20 Billion dollars risk-free.”
If they wanted to make even more?
They’d buy additional Bitcoin to hold, and then put out a 2 paragraph press release saying:
They plan to hold their Bitcoin
They bought more Bitcoin
Boom. Their Bitcoin is now worth many more multiples.
They’ve made billions & billions of dollars for the U.S taxpayer, completely risk free.
Bottom line: Will this ever happen? Maybe in our dreams. 💭
In reality? No. 😢
However, we do think we will look back in 5-10 years from now and see it was a terrible decision for the U.S gov to sell at these prices.
Kind of like how back in 2014, they sold 144,342 Bitcoin seized from the Silk Road for $87 million. That’d be worth nearly $4 billion today…
Moral of the story? The U.S Gov sucks at trading. 😂
BITCOIN’S LOW VOLATILITY EXPLAINED 💵
Historically, Bitcoin has been seen as this crazy volatile asset with sudden large price movements, both up & down.
However that doesn’t appear to be the case anymore. Realized volatility has been approaching all time low’s even with the most recent price dip.
Realized volatility is a measure of the daily changes in Bitcoin’s price. High volatility means high risk.
Popular on-chain analyst CryptoCon says “Volatility this low has never been seen outside of bullish price activity” (indicated by the green circles).
So what does this mean for Bitcoin’s future?
Well, CryptoCon believes that volatility levels this low are bullish for Bitcoin, just like they always have been (see 2012, 2016 and 2020).
Although low volatility levels can also indicate that the market is settling into a quiet patch…
Anyway if history is anything to go off, we should be in for some large price movements soon… we think upwards… 😉 🙏
CRACKING CRYPTO 🥜
CAN YOU CRACK THIS NUT? ✍️
Did you catch yesterday’s edition?
Mark Cuban’s Metamask wallet was recently hacked, how much did this hacker steal from Cuban’s wallet?
A) $870,000
B) $920,000
C) $1,000,000
D) $645,000
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) $870,000 🥳
Cuban’s wallet was drained of $870,000 worth of crypto assets including Ethereum, USDC, Polygon and Lido Staked ETH to name a few.
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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.
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