- Crypto Nutshell
- Posts
- 🥜 This model predicts Bitcoin will hit...
🥜 This model predicts Bitcoin will hit...
PLUS: Trump on Bitcoin mining
Today’s edition is brought to you by RAREMINTS
GM to all 64,612 of you. Crypto Nutshell #354 rowin’ in... 🚣 🥜
We’re the crypto newsletter that’s more fantastical than a nanny with a magical bag and umbrella... ☂️👜
What we’ve cooked up for you today…
🏦 Trump continues crypto campaign
📈 Bitcoin cycle predictions
🤑 Profitable?
💰 And more…
MARKET WATCH ⚖️
Only the top 20 coins measured by market cap feature in this section
TRUMP CONTINUES CRYPTO CAMPAIGN 🏦
BREAKING: Trump wants Bitcoin ‘made in the USA’ after hosting mining industry heads
Trump has continued his pro crypto campaign.
This time meeting with executives from Nasdaq listed Bitcoin mining firms CleanSpark Inc. and Riot Platforms.
We can only assume that the meeting went well as Trump posted the following to Truth Social shortly after:
According to Matthew Schultz (CleanSpark executive chairman), Trump expressed his support for cryptocurrency at the event.
Trump Stated that he loves and understands digital assets. And even highlighted how Bitcoin miners contribute to stabilising the energy grid.
Jason Les, CEO of Riot Platforms also posted the following to Twitter:
This is mega bullish for Bitcoin miners. 🐂
And it’s interesting seeing Trump show his continued support of crypto.
(something no one saw coming after his previous comments on the industry)
A complete contrast to how the Biden administration has treated the crypto industry…
Trump’s support so far has earned him substantial backing from the crypto community.
With over 50 million Bitcoin and crypto holders in the US, those votes could play a pivotal role in deciding the November election.
Mathematician & Bitcoiner Fred Krueger also weighed in on the news. He believes a Trump win would guarantee a $200,000 Bitcoin by the end of 2025.
Interesting take.
TOGETHER WITH RAREMINTS 💎
There’s a reason we all love crypto… the returns.😍
In a bull market? No other asset can compete.
And now’s the perfect time to get in!
The problem? There’s literally tens of thousands of coins.
That’s why we read RAREMINTS:
Keeps you up to date with daily insights and news ✅
Gives you access to exclusive airdrops for FREE 🪂
Breaks down Crypto developments in a quick 5 min read 📨
Click here to join 30,000+ investors / builders from Coinbase, Binance, KuCoin and more discovering their next 10x crypto opportunity today. 🤑
Future you will thank you.❤️
BITCOIN CYCLE PREDICTIONS 📈
Bitcoin could reach as high as $600,000 this cycle.
That’s just one of the latest predictions out from Fred Krueger.
Fred Krueger is an extremely successful entrepreneur & investor.
On top of that, he has PHD in mathematics from Stanford.
(he’s a pretty smart guy)
In his latest video, Krueger discussed the Bitcoin Power Law Model.
The Bitcoin Power Law model (in a nutshell) is a pricing model that was discovered by an Italian astrophysicist, Giovanni Santostassi.
In 2019, Giovanni discovered that by plotting Bitcoin’s price & time in log scale, you see a very clear relationship:
It’s worth pointing out that power laws are extremely rare…
By using this model, Fred made some price predictions for this cycle.
Here’s what Fred sees happening this year:
“Theoretically by the end of this year we should be closer to $100,000 maybe $90,000 in terms of the trend line. But we could go up two standard deviations above that. That would roughly take us to $200,000 or even exceptionally to $400,000 this year.”
Here’s what the model predicts will happen in 2025:
“Going out one more year we could be at $140,000 trend line. And if we go one or two standard deviations above that we could get to $600,000 that would be on a blowout move.”
Fred believes we will have a blowout move this cycle.
And that lines up with Willy Woo’s analysis that we broke down yesterday.
Fred also explains where he personally believes Bitcoin will top out this cycle:
“I think we could really see a high of around $500,000 to $600,000 this cycle… I think it’s pretty unlikely that we go down much from here over the next two years. And I think it’s pretty likely that we at least double over the next two years.”
Remember, these predictions are based on the model.
And so far that model has been pretty accurate…
The Power Law Model is quite complex, and if you’d like to learn more about it checkout our recent interview with Fred Krueger himself.
It’s a banger.
To celebrate the release of this interview we gave away $100 in Crypto to 3 lucky readers.
(One of the many reasons why you should read us everyday - you never know when we’ll drop our next giveaway!)
A special thanks to everyone who showed support & love towards the channel.
Crypto Nutshell readers are truly the best.
Without further ado - congratulations to our 3 randomly selected winners!
r*******[email protected]
1****[email protected]
r******[email protected]
If any of these resemble your email - check your inbox! You’ll see an email from us!
PROFITABLE? 🤑
Today we’ll be taking a look at the Adjusted Spent Output Profit Ratio (aSOPR).
Although this metric may sound a little confusing, really it’s quite simple.
It tracks the sale of every coin and determines whether it was in profit or not.
This is done by comparing the fiat value of a coin when it is first purchased to the fiat value when it is sold.
aSOPR >1: on average, coins are being sold at a profit 🐂
aSOPR < 1: on average, coins are being sold at a loss 🐻
aSOPR = 1: on average, coins are being sold at breakeven 😐
But the neat thing about aSOPR is that coin volume is not considered in the calculation.
This means that whales can’t heavily skew this data by locking in huge profits or losses. Think coins being sold from 2013, etc.
All we’re looking at here is if the transaction was in profit or loss. A simple yes or no.
Today, aSOPR is at 1.038 (It’s fallen recently due to Bitcoin price action.)
But what does this number mean? 🤷♀️
Well, it indicates that on average, Bitcoiners are STILL realising profits.
aSOPR above 1.0 is a tell tale indicator of a bull market. (this metric flashes blue when aSOPR is above 1.0)
Profits are being realised on chain and demand is sufficient in absorbing sell side pressure.
The key thing with this metric is that it remains above 1.0
As long as we’re above this number, we’re all good.🤞
CRACKING CRYPTO 🥜
Cboe exec says Solana ETFs unlikely without futures market or regulatory clarity. Applicants seeking spot ETFs for such altcoins like Solana (SOL) and XRP could gain approval faster under new regulations.
‘Vast majority’ of ETF flows could be driven by arbitrage. The “vast majority” of net inflows to spot Bitcoin ETFs are coming from hedge funds, according to analysis from Real Vision CEO Raoul Pal.
Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday'. Tomorrow's Fed "dot plot" of interest rate projection and forward guidance will be key for what's next for the digital asset market.
Fidelity International joins JPMorgan’s tokenized network. Fidelity International tokenized shares of its money market fund through TCN.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
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 crypto, what does the term NFT stand for? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: C) Non-Fungible Token 🥳
NFT stands for non-fungible token
GET IN FRONT OF 64,000+ 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? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)
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