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GM to all of you nutcases. It’s Crypto Nutshell #672 firin’ away… 🏹🥜

We're the crypto newsletter that's more emotional than a friendship forged between a boy and his giant inflatable robot... 🤖❤️

What we’ve cooked up for you today…

• 🏦 The surge

• 🤯 Bitcoin to $2.4-$2.9 million

• 🚂 Only up

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

THE SURGE 🏦

BREAKING: JPMorgan says crypto inflows have surged to $60 billion year to date amid regulatory push

Wall Street’s new favourite asset class?

JPMorgan just confirmed it.

Crypto inflows have exploded to $60 billion this year - a nearly 50% surge since May - and capital is now pouring into digital assets faster than private equity or credit markets.

That’s a record-breaking pace…

And the year’s not even over yet. 🧨

So what’s fuelling it?

• The GENIUS Act, passed by Congress, finally delivered long-awaited clarity on stablecoins - establishing global standards and kickstarting regulatory competition abroad.

• The CLARITY Act is gaining steam, aiming to formally classify crypto assets as securities or commodities - a huge unlock for U.S. crypto-native firms.

• And IPO momentum is back, led by Circle and a wave of filings hitting the SEC.

Meanwhile, asset managers are eyeing the next frontier: altcoin ETFs with staking - a clear signal that institutions are expanding beyond Bitcoin and Ethereum.

As JPMorgan put it:

And with ETH now entering corporate treasuries and venture capital heating up again, the message is clear:

This isn't just a Bitcoin rally anymore.

It’s a full-blown crypto resurgence.

NOT YOUR KEYS, NOT YOUR COINS 🔐

It’s not just a saying - it’s the golden rule of crypto.

That’s why we use Ledger.

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BITCOIN TO $2.4-$2.9 MILLION 🤯

Cathie Wood just dropped a bombshell in her latest interview.

According to ARK Invest’s models:

If institutions allocated the optimal share of their portfolios to Bitcoin — based on historical risk/reward…

Bitcoin would hit $2.4 to $2.9 million per coin.

Cathie Wood is a long-time Bitcoin bull and one of the first major fund managers to go big on Bitcoin.

In the interview, she acknowledges that a $2.4–$2.9 million Bitcoin is unlikely for now - as institutions are very slow to adopt new assets.

So what’s a more realistic target?

$1.5 million by 2030.

That’s ARK’s bull case - and it’s still a 10x from today.

And here’s the kicker:

Cathie says their confidence is growing.

Why?

• Institutional interest is ramping up 📈
• Technical hurdles have cleared ✅
• Their on-chain expert, David Puell, has 4 major indicators still pointing to a strong bull market 🔥

The message is simple:

We’re still in the middle of the cycle.

And if ARK Invest & Cathie are right…

The biggest moves are still ahead. 🚀

ONLY UP 🤯

Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)

This metric offers a bird’s-eye view of user activity and adoption across the Bitcoin network.

But there’s a slight catch…

One wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

• Increasing number of addresses: increasing adoption levels 📈

• Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉

There are now 53,225,664 wallets holding some amount of Bitcoin.

That’s 181,590 new wallets in just the past two weeks.

Zoom out?

It gets even more impressive — 702,127 wallets have joined the network this year alone.

The message is clear:

Bitcoin adoption isn’t slowing down.

The network is expanding. Momentum is compounding. And behind all the price action?

Conviction keeps growing.

CRACKING CRYPTO 🥜

Institutions now hold over 10% of Bitcoin supply as demand outpaces BTC mining by 10x. Public coprorate Bitcoin treasury firms and ETFs now hold 10% of Bitcoin, fueling unprecedented market dynamics.

Bankrupt Crypto Exchange FTX to Start Next Round of Creditor Repayments on Sept. 30. The former crypto giant used to be a mainstay in the digital asset ecosystem till a CoinDesk expose in 2022 resulted in the downfall of Sam Bankman-Fried's empire.

Strategy upsizes preferred 'Stretch' stock offering to $2 billion to buy more bitcoin. Strategy expanded its Stretch preferred sale to $2 billion and will price shares at $90, raising fresh capital to grow its 607,770 bitcoin treasury.

Ethereum analysts see ‘further upside’ as ETH price reclaims $3.6K. Bitcoin has dropped 9% from its multimonth highs above $3,800, but data indicates ETH price is still on track to $4,500.

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: High transaction throughput with low fees 🥳

Solana is known for super fast speeds (theoretically 65,000+ TPS) and low transaction costs, making it a go-to chain for NFTs, DeFi, and memecoins — when it's not down. 😅🚀

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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.