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GM to all of you nutcases. It’s Crypto Nutshell #616 bein’ bright… ⭐🥜

We're the crypto newsletter that's more fun than a reformed supervillain raising three girls with a lab full of Minions... 🦹‍♂️🍌

What we’ve cooked up for you today…

• 🏦 The Fed holds steady

• 💸 $1 Million Bitcoin in 3 years

• 🧃 Supply squeeze

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

THE FED HOLDS STEADY 🏦

BREAKING: Fed holds rates steady, bitcoin tries to reclaim $100,000 level

No surprises here…

The U.S. Federal Reserve just held rates steady at 4.25%–4.50% for the fourth straight meeting.

But here’s the twist:

Despite the “bad news” narrative, Bitcoin is pushing higher — up over 2% and eyeing $100K.

Because the rate hold isn’t the real story.

The real story is the Fed’s fear of stagflation — that ugly combo of rising inflation + slowing growth.

In their latest statement, the Fed admitted: “uncertainty about the economic outlook has increased further.”

Translation?

They’re stuck.

• Can’t cut without triggering more inflation.

• Can’t hike without killing growth.

And according to analysts — that’s exactly the setup Bitcoin loves.

Chair Powell reinforced that it’s “not time to cut” — and that the Fed will wait and watch the impact of Trump’s new tariffs.

He also admitted that short-term inflation expectations have ticked up…

But that’s where the data gets weird:

According to Truflation, real inflation has collapsed since the start of the year.

So what gives?

The Fed is flying blind.

Markets know it.

And Bitcoin is front-running the chaos — just like it has every cycle before.

The Fed’s stuck between a rock and a hard place.

Bitcoin isn’t.

And that’s exactly why it’s climbing. 🚀

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$1 MILLION BITCOIN IN 3 YEARS 💸

$1 MILLION BITCOIN? 👀

This week, Arthur Hayes made a bold call:

$1M Bitcoin… within 3 years.

• $250K in 2025

• $500K in 2026

• $1M by 2027–2028

Fred Krueger took notice — and broke down why this might not be as crazy as it sounds.

Who’s Arthur Hayes?

He’s the founder of BitMEX — one of the earliest and most influential crypto exchanges.

Arthur is known for being:

• A macroeconomic expert 🌍

• A volatility veteran ⚡

• Not afraid to call his shot 🎯

Fred’s Breakdown

Fred Krueger is a mathematician — so if he’s entertaining the $1M thesis? There’s a reason.

Here’s how he sees the path:

• $250K this year is already modelled by the Quantile framework.

• Massive deficits are already baked in.

• The Fed will return to money printing by 2026.

• Yield curve control, QE, and fiscal expansion are all coming back.

What It All Means

Fred’s not saying it’s guaranteed.

But he’s saying it’s definitely plausible.

If Arthur’s path plays out, we’re about to enter the most aggressive monetary expansion in history — and Bitcoin is positioned as the exit.

Bottom Line:

If Hayes is even half right?

Then most people are still catastrophically underexposed. 🫡

SUPPLY SQUEEZE? 🧃

It’s time for another look at Ethereum’s supply side dynamics.

Today we’ll be focusing on the amount of Ethereum currently being staked.

Quick Note: Ethereum staking involves locking up ETH to support the blockchain’s security. In return, users earn rewards for staking.

If you’d like to learn more about staking, check out this article.

As of today, 60,995,047 ETH is staked.

That’s an increase of 461,342 ETH in just two weeks. (~$835.3 million at today’s prices)

And yes… it’s another all-time high.

(At this point, the chart basically breaks its own record daily.)

Here’s the real kicker:

Staked ETH now represents 50.49% of total supply.

That means over half of all Ethereum is locked up — held by investors who clearly aren’t itching to sell.

Conviction is sky-high.

Supply is tightening.

And the setup is starting to look like a textbook supply squeeze in the making.

CRACKING CRYPTO 🥜

Ethereum Pectra upgrade is live, bringing major changes to wallet functionality. Ethereum's Pectra upgrade merges key updates to enhance user experience and increase decentralized network capacity.

Democrats aim at Trump’s crypto profits with a 3-prong pincer move. Roughly two million wallets have bought Trump’s memecoin since its launch, according to Chainalysis, with a third having lost money on it.

Coinbase Earnings Pain Likely as Retail Activity Slumps, Wall Street Analysts Warn. Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.

Robinhood plans blockchain platform to allow trading of US securities in Europe. Layer 2 blockchain Arbitrum is being considered for involvement, the sources said.

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) - Daily Bitcoin news

• Techpresso (link) - Daily tech news and insights

• 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: Enable fast and cheap off-chain transactions 🥳

The Lightning Network is a Layer 2 solution that allows near-instant Bitcoin payments with low fees — ideal for microtransactions and scaling. ⚡💸

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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.