GM and welcome to The Crypto Nutshell 🥜, your daily burst of crypto intel. We mix expert analysis, the freshest on-chain data, and the latest news with a dash of meme magic. All served compactly right into your inbox every single day. Today we’ll cover:

• Whats does July have in store for Bitcoin? 🤔

• Plan B’s MASSIVE prediction 🔍

• Some juicy on-chain data 📊

• And more…

MARKET WATCH ⚖️

Ready to rumble? 🥊

Let's pull back the curtain on Bitcoin and Ethereum's market prices, while also unearthing today's juiciest crypto news. Get set, it's showtime!

Despite a last-minute dip due to a significant news event, Bitcoin wrapped up June in a robust position, maintaining its strength through the weekend and closing above $30,000.

Marking the best June performance since 2019, Bitcoin is proving its resilience. And if we look to the past, July shines even brighter.

Historically, Bitcoin's price has never dipped more than 10% in July, hinting towards a promising month ahead.

EXPERT OF THE DAY - PLAN B🧢

Today’s expert of the day is PLAN B, an anonymous Bitcoin on-chain analyst who has over 25 years of experience as an institutional investor in financial markets.

In early 2019, Plan B created the Bitcoin Stock to Flow model in which he uses scarcity and the Bitcoin halving to quantify the value of Bitcoin.

According to Plan B, Bitcoin is going to $532,000 dollars PER COIN during the next bitcoin halving event.



Plan B thinks we are witnessing the birth of a new Bitcoin bull cycle and his famous stock-to-flow Bitcoin pricing model is pointing at a $532,000 Bitcoin pricing following the 2024 halving.

This comes after Plan B nailed the June close for Bitcoin.

ON CHAIN DATA DIVE 📊

Lets take a quick look at the most recent on chain data.

An interesting point has been raised, while past Bitcoin cycles have seen a significant decrease in ROI from bottom to top, there is still clearly ample potential for $BTC to reach ATH’s.

The rising occurrence of stablecoin depegging events in 2023, paired with a 5% YTD decrease in top five stablecoins' market cap, reflects changing dynamics.

Although USDT and TUSD have hit market cap highs, U.S.-regulated stablecoins like BUSD and USDC have seen considerable outflows.

CRACKING CRYPTO 🥜

In a bold move to spearhead the Web3 revolution, Hong Kong has launched a task force dedicated to promoting the ethical growth of Web3 technologies in the region. The group aims to establish Hong Kong as a thriving Web3 hub, attracting top talent and businesses in a bid to redefine the virtual asset landscape.

Cryptocurrencies are edging towards mainstream acceptance thanks to advances in scalability and interoperability. However, regulatory hurdles and a heavy investment focus are impacting their potential as a transaction medium, despite new utility-focused decentralised systems entering the scene.

Ripple's XRP takes a hit amid rumors of Citigroup reassessing its ties with Metaco, recently bought by Ripple Labs. This turbulence shadows the hopeful bull run expected after their SEC case.

Shapeshift founder Erik Voorhees asserts that decentralized finance (DeFi) offers a robust solution to the potential U.S. regulation limiting cryptocurrency trading. Voorhees argues DeFi's permissionless nature will ensure altcoins' accessibility, with Bitcoin providing a key on-off ramp to traditional banking.

TRIVIA TIME ✍️

DAO stands for…

• A) Digital Autonomous Operation

• B) Digitally Altered Operation

• C) Decentralised Autonomous Organisation

• D) Decentralised Anonymous Organisation

Find out the answer at the bottom of this newsletter 😀

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: C) Decentralised Autonomous Organisation 🎉

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./