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- 🥜 Crypto Expert: Why Bitcoin Will 425x
🥜 Crypto Expert: Why Bitcoin Will 425x
PLUS: Ethereum Check-In

GM to all 23,065 of you. Crypto Nutshell #163 blastin’ in. 🚀 🥜
We’re the crypto newsletter that's more refreshing than realizing you're a wizard on your 11th birthday... ⚡🧙

What we’ve cooked up for you today…
🤑 Bitcoin sets new YTD high
🌠 This is why Bitcoin will 425x
🔍 Ethereum check-in
💰 And more…

MARKET WATCH ⚖️

Prices as at 4:10am ET
Only the top 20 coins measured by market cap feature in this section

BITCOIN SETS NEW YTD HIGH 🤑
Breaking: Bitcoin ETF will drive 165% price gain in 2024 - Standard Chartered
Before we get into it, what a day for Bitcoin.
For the first time since May 2022, Bitcoin is once again above $39,000.
At the time of writing its just set a year-to-date high of $39,678. 📈

In a research note published on Nov. 28, banking giant Standard Chartered doubled down on it bullish Bitcoin price prediction.
Standard Chartered is predicting a $100,000 Bitcoin before the end of 2024:
"We now expect more price upside to materialize before the halving than we previously did, specifically via the earlier-than-expected introduction of US spot ETFs. This suggests a risk that the USD 100,000 level could be reached before end-2024,"
The main driver for this price prediction is the expected Bitcoin ETF approvals.
However, Standard Chartered also note the dwindling supply of Bitcoin available for sale as a HUGE price catalyst.
Selling from Bitcoin miners has fallen ~20% in Q4. Miners are opting to HODL rather than sell.
On top of this, the amount of short-term Bitcoin holders is at a 10 year low.
What's more is that the supply will only continue to diminish with the upcoming halving…
Bitcoin’s current supply dynamics combined with the demand from the ETFs is literally the perfect storm. Unprecedented for an asset class. ⛈️
For the full article click here.

TOGETHER WITH VINCENT SPOTLIGHT 🔦
If you’re into crypto, there’s a good chance you want to be wealthy.
Not BMW wealthy, but Bugatti wealthy. 🏎️
Unfortunately, this isn’t the 70’s anymore. Investing in real-estate, bonds or index funds just won’t cut it anymore…
That’s where alternative assets come in.
Alternative assets can be anything from crypto to fine art, trading cards, wine or vintage cars. Investments that have the potential for massive returns.
The problem? There’s so many to keep up with…
That’s where VINCENT SPOTLIGHT comes in:
Breaks down the top opportunities in the alternative asset space ✅
Behind the scenes look into the highest alternative asset sales 🤑
Delivered straight to your inbox in a weekly in 4 min read 📨
Annnnd you guess it, they’re completely FREE.
Subscribe now by slamming that big subscribe button below, the alternative asset market awaits… 💰
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CRYPTO EXPERT: BITCOIN WILL 425X 🌠
Is it too late to buy Bitcoin?
Bitcoin is up ~140% for the year and is now within striking distance of $40,000.
With such huge gains, many people think they’re late to the party.
According to this crypto expert?
The party is just getting started. 🥳
Michael Saylor rarely gives detailed insight as to where he thinks the Bitcoin price is heading. But in his latest interview at the 2023 Australian Crypto Con, he revealed all.
Saylor believes Bitcoin is going to grow in a serpentine pattern over time. Large spurts of growth followed by big pullbacks.

A basic serpentine pattern
It’s going to do that all the way to $10 million a coin:
“We're going to double again. We're going to double again. Bitcoin is going to continue to progress to $1 million dollars a coin, $2 million a coin, $5 million a coin, $10 million a coin."
How does he think it will get there?
“The only thing that’s going to change, in my opinion, is when it was super risky and scary below $10,000? You were getting 100% - 200% annualised gains. Then when it got a bit more understandable between $10,000 and $100,000? Your gains go to 40% or 50% a year.”
But Saylor doesn’t think Bitcoin will stop there.
He believes it’s then heading towards a $200 - $300 trillion market cap:
“In the extreme, if everybody understood Bitcoin it would be 20, 30, 40% of the wealth of the world. So it would be $200 - $300 trillion in today’s dollars.”
With Bitcoin’s current market cap at ~$700 billion, that means Saylor believes Bitcoin will 425x from here.
We agree with Saylor - the party is just getting started.
P.S.
Michael Saylor isn’t just any regular guy.
He studied literal rocket science at MIT. 🚀
He was a billionaire before Bitcoin. 💰
He is an extremely savvy investor. 📈
Bitcoin isn’t Saylor’s first rodeo. 🤠
He made hundreds of millions of dollars with early investments in tech stocks:
Apple, Amazon, Facebook & Google.
When someone with Saylor’s résumé has such high conviction in something, it’s hard not to share it.
Saylor is currently sitting on a $1.63 billion dollar profit on his Bitcoin strategy.

ETHEREUM CHECK-IN 🔍
Today we’ll be diving into the supply dynamics of Ethereum.
Since the Merge, Ethereum shifted from an inflationary model to a state of deflation.
The network briefly reverted to an inflationary state due to low network activity.
BUT, network activity has once again picked up, shifting Ethereum back into a deflationary state.

As a quick refresher, a portion of ETH transaction fees are ‘burnt’. Meaning they are permanently removed from the supply.
When network activity increases so to do the transaction fees. This is due to people competing to get their transactions confirmed ASAP. When network activity increases, the amount of ETH burned on a daily basis also increases.
In October, the amount of ETH burned on a daily basis was around 899.
But as you can see from the chart below, November marked a massive increase in network activity. As a result, the amount of ETH burned on a daily basis reached 5,368.

We can go one step further and see exactly where this increased network activity is coming from.
Altcoins: increased by +8.2% over the last 3 months
Stablecoins: increased by +19% over the last 3 months
Traditionally, NFT and DeFi transactions have been the largest contributors to Ethereum’s gas usage. However that’s not the case anymore…
NFTs: decreased by -3% over the last 3 months
DeFi transactions: decreased by -57% over the last 3 months

Ethereum once again turning deflationary just goes to show how good its supply dynamics really are. 😎
CRACKING CRYPTO 🥜
WHAT WE’RE READING ✍️
Want to get even smarter? Check these out.
p.s. all completely FREE
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CAN YOU CRACK THIS NUT? ✍️
Who wrote Ethereum’s white paper?
A) Vitalik Buterin
B) Charles Hoskinson
C) Satoshi Nakamoto
D) Sam Bankman-Fried
Find out the answer at the bottom of “Meme Corner” below 😀
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: A) Vitalik Buterin 🥳
In November 2013, Vitalik Buterin introduced “Ethereum” via a whitepaper.
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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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