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- 🥜 Bitcoin Is Finished
🥜 Bitcoin Is Finished
PLUS: Crypto Nutshell Portfolio Revealed
GM to all you crypto nuts. Crypto Nutshell #470 about to blow… 💣🥜
We're the crypto newsletter that's more gripping than a lawyer’s fight for justice in the face of overwhelming odds... ⚖️🔥
What we’ve cooked up for you today…
🚀 What’s in the Crypto Nutshell Portfolio?
🏦 Will there be more ETFs?
😱 Bitcoin is finished…
📈 Here come the big dogs…
Crypto Nutshell Pro is OPEN
The Crypto Nutshell Portfolio is now open!
To find out what’s in our portfolio, you can secure your spot here:
See exactly what we hold
By signing up, here’s what you’ll get:
Exactly what we hold - A look into exactly what we’re holding including % allocations for each asset
Token breakdowns - Detailed breakdowns on why we hold the tokens we do
Bull / Sell indicators - know exactly when we believe it’s a good time to enter and exit positions
Watch list - Which coins we’re keeping a close eye on
But be fast:
Signups are, first come first served until we reach the 50 new member cap.
No lock in, cancel anytime.
See you on the inside!
Prices as at 4:10am ET
WILL THERE BE MORE ETFs? 🏦
BREAKING: Crypto ETFs Look Unlikely to Expand Beyond Bitcoin, Ethereum, Under Kamala Harris, Experts Say
We got the Bitcoin ETFs in January.
Then we got the Ethereum ETFs in July.
But now everyone is asking: what will be next? 🤨
Well so far we’ve seen issuers apply for: Solana, XRP & Litecoin ETFs.
Grayscale even filed for a combination ETF that contains Bitcoin, Ethereum, Solana, XRP and Avalanche.
But here’s the thing…
ETF experts don’t see these ETFs being approved if Kamala Harris wins the US election.
ETF analyst Eric Balchunas explains:
"It won't happen if Harris wins, regardless of the issuer."
Nate Geraci, president of the ETF Store, also has the same opinion:
"It seems highly unlikely that a Harris administration would approve additional spot crypto ETFs, at least not anytime soon after the election."
But there’s also another factor to consider…
Many believe that when BlackRock joined the Bitcoin ETF race, the odds of approval significantly increased.
And so far, BlackRock hasn’t filed for any additional crypto ETFs…
However…
According to Eric Balchunas, if Trump wins the election there’s a “decent chance” we’ll see more crypto ETFs approved.
Regardless of whether or not BlackRock joins in on the fun or not.
US Election Forecast - Polymarket
For all you crypto ETF hopefuls out there…
Trump has currently taken a sizeable lead according to Polymarket…
BITCOIN IS FINISHED 😱
Bitcoin is finished.
For years now, Ethereum & altcoins have seriously underperformed Bitcoin.
However, the era of Bitcoin dominance is now finished.
That’s the latest prediction out from Benjamin Cowen.
If you don’t know Benjamin Cowen he:
Has a PHD in Nuclear Engineering
Is the founder of blockchain analytics platform, Into The Cryptoverse
Has millions of followers due to his in-depth analysis
In his latest interview, Ben broke down why he believes the era of Bitcoin dominance is coming to an end.
First of all, Ben was extremely accurate in calling the beginning of the Bitcoin dominance era, 3 years ago.
At the time, it was an extremely contrarian call. However, in 9 of the following 10 quarters from his call, Ethereum fell against Bitcoin:
“When I first told people this would happen 3 years ago, many thought it was absurd.”
However, now Ben is betting the opposite way:
“I think Ethereum will start to outperform Bitcoin in 2025. I feel pretty confident about that.”
Many investors are abandoning Ethereum & altcoins due to their underperformance against Bitcoin.
However, this is likely the worst time to do so:
“My base case right now is that it [Ethereum] just bottoms out sometime between now and and the end of the year.”
We strongly agree with Ben Cowen here.
We also believe it’s time for Ethereum to outperform. This also means altcoins will begin to seriously outperform.
The problem? Only some altcoins outperform.
The majority go to zero.
It’s why in September, we launched the official Crypto Nutshell Portfolio.
We think we can pick the winners.
So far, we can.
Crypto Nutshell Pro Portfolio: 55.39%
Bitcoin: 10.92%
*Since inception
Today, we’re allowing 50 of our readers to get an inside look into the portfolio.
Click below to find out what’s inside.
But be fast… it’s first in, first served.
To find out what’s in our portfolio, you can secure your spot here:
HERE COME THE BIG DOGS 📈
Now that’s what we’re talking about!
Last week digital asset funds experienced net inflows of $2.2 billion.
That’s the largest weekly inflow we’ve seen since July this year.
Let’s break it down.
Yep you guessed it, Bitcoin was once again the focus with inflows of $2.134 billion for the week.
Ethereum even saw inflows last week, with $57.5 million.
Solana, Litecoin and XRP also experienced inflows of $2.4m, $1.7m & $0.7m respectively.
However…
Short-Bitcoin also saw net inflows of $12.3 million. (investors betting against Bitcoin)
Regionally things were a little odd last week…
The United States accounted for basically all of the inflows, with $2.27 billion for the week.
The only other country to see inflows was Australia, with $1.4 million. 🦘
Every other country experienced outflows last week…
The most notable being Canada, Sweden and Switzerland with outflows of $19.0m, $18.2m & $14.9m respectively.
Similar to the week prior, this surge in ETF inflows is likely due to growing expectations of a Republican victory in the US election.
Polymarket currently has Trump leading by 23.5%…
We’re not here to pick sides, but the industry generally views the Republicans as more supportive of digital assets.
Anyway, what a week that was for the Bitcoin ETFs.
Can they do it again this week? 🤔
CRACKING CRYPTO 🥜
Elon Musk and Brian Armstrong boost John Deaton's bid to dethrone Elizabeth Warren in Massachusetts. Crypto giants Musk and Armstrong rally behind Deaton to challenge Warren in Senate race.
Ripple co-founder pledges $10M in XRP to Kamala Harris campaign PAC. Chris Larsen suggested that Democratic lawmakers could have a “new approach to tech innovation” under a Kamala Harris presidency starting in 2025.
Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners' Share of the Network Peaks. Bitcoin's seven-day moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving.
CFTC Chair Behnam presses Congress to act on crypto and election betting legislation. U.S. Commodity Futures Trading Commission Chair Rostin Behnam has a legislative wish list for Congress, urging action on crypto regulation and election betting.
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”)
In what year did popular Bitcoin exchange Mt. Gox get hacked? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: D) 2014 🥳
On 24 February 2014, Mt. Gox suspended all trading, and hours later its website went offline, returning a blank page.
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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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