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We’re the crypto newsletter that's more stable than finding yourself in a time loop, reliving the same day over and over... ⏳🔄

• 🏎️ Ferrari’s big move

• 🌟 Bitcoin to $350,000 by 2025

• ❌ Bitcoin’s sustainability myth busted

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

FERRARI’S BIG MOVE 🏎️

Breaking: Ferrari’s Bitcoin acceptance is major market win, says CoinFlip CEO

CoinFlip CEO Ben Weiss believes it’s a matter of when not if big-name companies will follow Ferrari’s lead.

Ferrari’s decision to allow US clients to purchase its cars with Bitcoin is one of the markets biggest wins for 2023, at least according to Weiss.

Ferrari noticed an increase in the amount of clients requesting crypto payments and decided to pull the trigger.

Do you have a spare 11.85 Bitcoin lying around? (wouldn't that be nice...)

If you do, you could purchase yourself a brand new Ferrari 812 GTS. 😎

Ferrari's move will spark interest from other traditional global firms. Weiss believes we will soon see some big-name companies accepting crypto payments.

Interestingly, one of the main reasons Ferrari adopted Bitcoin payments was due to it’s sustainability.

You may be thinking that sounds contradictory. Bitcoin isn’t sustainable right? 🤔

Wrong.

Bitcoin is actually the most sustainable global industry. (more on this below) 😱

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BITCOIN TO $350,000 BY 2025🌟 

Bitcoin will hit $75,000 - $80,000 in the middle of 2024.

It will then go on to peak at north of $350,000 by September 2025.

That’s the price forecast out by today’s crypto expert, Ken Olling.

Ken Olling is the Founder and CEO of MELD - a web3 DeFi protocol, providing cross-chain lending.

When it comes to crypto, Ken knows his stuff.

He believes a ‘panic-level’ rally is coming for Bitcoin.

Why? Ken argues that the spot Bitcoin ETF is being underestimated by the market.

It’s paving the way for a tsunami of fresh investment into Bitcoin. 🌊 

Additionally, none of the problems regarding inflation have been fixed. The dollar is being devalued and this isn't going to stop.

The combination of Bitcoin’s price going up whilst the dollar is going down in value?

That will cause a panic-level rally. 😱

BITCOIN SUSTAINABILITY MYTH BUSTED ❌

A common argument against Bitcoin is that the heavy energy use in mining makes its carbon footprint unsustainable.

Daniel Batten, CEO of CH4 Capital has just released a research report that proves this argument is completely false.

Let’s go over three of the most common arguments against Bitcoin mining.

Argument 1: Bitcoin predominantly uses and proliferates the use of fossil fuels

False.

Bitcoin mining is actually the leading industry in terms of sustainable power usage.

52.6% of the Bitcoin networks energy use comes from sustainable sources.

Argument 2: Bitcoin has emissions which are large, and likely to grow exponentially

False.

Bitcoin’s total emissions have actually decreased. What’s more, this decrease came as the hash rate has continued to rise…

Bitcoin is the only global industry where industry growth has not led to emission growth. 😲

Argument 3: Bitcoin has growing emissions intensity

False.

Emission intensity is a measure of emissions per unit of energy.

Bitcoin’s emission intensity has halved over the last 3 years. It is now lower than any other industry.

Clearly there’s been some widespread FUD…

If you found this interesting we highly recommend giving the full report a read.

Full research report.

CRACKING CRYPTO 🥜

WHAT WE’RE READING ✍️

Want to get even smarter? Check these out.

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CAN YOU CRACK THIS NUT? ✍️

Where do Bitcoin transaction fees go?

• A) To Satoshi’s wallet

• B) To the miner

• C) Back into the blockchain

• D) Used to create more Bitcoin

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: B) To the miner 🥳 

The fee goes to the miner who mines the block that includes your transaction.

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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.