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GM to all you crypto nuts. Crypto Nutshell #388 takin’ notes... ✍️ 🥜

We’re the crypto newsletter that's more fascinating than discovering a hidden world beneath the streets of Paris... 🐀🍽️

What we’ve cooked up for you today…

• 🏔️ Here comes Mt. Gox

• 🤑 BlackRock doubles down on BTC

• 🔥 The ETFs are on fire

• 💰 And more…

MARKET WATCH ⚖️

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

HERE COMES MT. GOX 🏔️ 

BREAKING: Kraken confirms receipt of Mt. Gox Bitcoin, creditors to receive as early as next week

Just when Germany was finished selling Bitcoin, Mt. Gox steps up…

Earlier today, Mt. Gox transferred 92,000 BTC (~5.8 billion) to four unnamed addresses.

Analysts were speculating that Mt. Gox was preparing to release funds back to clients.

And that was confirmed by Kraken later on who sent out the following email:

The key piece of information from Kraken’s email is the scheduled payout timeframe of 7-14 days.

No one really knows for sure how many of these distributed coins are going to be sold.

Unfortunately, it’s likely going to be more than zero…

Remember these investors lost their coins 10 years ago when the price of Bitcoin was only $600. Imagine the temptation to cash in on a 100x.

But…

The market didn’t seem phased by this news at all.

Bitcoin briefly dipped to under $63,000 as the news broke. But since then has climbed back up to over $65,000.

It’s great to see those impacted by Mt. Gox finally get their coins back.

The Mt. Gox bankruptcy distribution has been looming over the Bitcoin market for what feels like forever.

And now it’s finally over. 😎 

EASIEST WAY TO 10X YOUR CRYPTO 💎 

No one in the crypto industry wants to admit this, but most retail traders lose money. 😱 

While those late to the party finally get in, project founders, VCs and early investors sell their bags for millions.

That said, there are still hundreds of tokens with 10X potential, you just need to find the right ones.

Crypto is an alpha-driven industry, where those who are early gain outsized returns, often for FREE via airdrops.

If you want to join Raremint’s exclusive community where they break down trending crypto news, hand-pick new tokens with 10X potential and share ALL of their trades, click on THIS LINK here. Or keep scrolling, the choice is yours.

BLACKROCK DOUBLES DOWN ON BTC 🤑

Bitcoin is legitimate. 🏆️ 

That’s the latest out from Bitcoin’s greatest CMO, Larry Fink.

If who don’t know Larry Fink, he’s the CEO and co-founder of BlackRock.

BlackRock is the largest asset manager in the world with $10.65 trillion in assets under management. (also the largest Bitcoin ETF issuer)

Fink himself is arguably the most influential man on wall street, so when he talks about Bitcoin, it’s a big deal…

Think about it, companies have been applying for Bitcoin ETFs for over 10 years. But when BlackRock and Fink apply, they’re finally approved for trading.

In his latest interview, Larry explained what made him change his mind on Bitcoin.

How times have changed…

Fink also broke down his reasons for believing in Bitcoin.

Continuing on, Fink explains:

But it gets even better…

Michael Dell (founder of Dell computers) continues to post about Bitcoin on Twitter.

This time Dell retweeted the clip of Larry Fink’s interview with the caption “Fascinating Bitcoin”.

Dell is the 10th richest men in the world. And he’s retweeting the largest asset manager in the world talking about Bitcoin.

Probably nothing…

We think Anthony Pompliano summed up this situation perfectly:

Bitcoiner’s have been saying what Fink just said for years.

But the messenger is really important.

How can you not be bullish AF right now?

THE ETFS ARE ON FIRE 🔥

The US Bitcoin ETFs are on a buying spree right now.

Yesterday saw $429 in net inflows, which marks the 8th consecutive inflow day in a row.

In fact the last 3 days alone has seen $1.04 billion in net inflows.

Here’s the breakdown:

1. BlackRock IBIT: $260 million (4,005 BTC)

2. Fidelity FBTC: $61 million (940 BTC)

3. ARK Invest ARKB: $30 million (460 BTC)

As you’d expect, BlackRock was the inflow champ of the day, with $260 million in inflows.

Even Grayscale has been doing decent (for their standards)…

So far this week, Grayscale has seen exactly $0 in inflows or outflows.

Is the Grayscale selling finally over?

Possibly…

If anything, it’s slowed down considerably over the last few weeks.

In other ETF news, Australia’s Bitcoin ETF continues to stack.

And before you say “what is that? an ETF for ants?”

We know it is… (we’re Australian, so we’re allowed to say this 😂)

But Australia’s ETF market is significantly smaller when compared to the US.

The main takeaway is that, institutional adoption continues to grow.

All around the world, not just in the United States.

Imagine these ETFs popping up in every single country…

Individually they may not represent much on a global scale, but combined…

Now that’s notable.

CRACKING CRYPTO 🥜

Bitcoin buy propels Metaplanet stock up 10%, total holdings now 225 BTC. Japan-based Metaplanet boosts Bitcoin holdings and sees stock surge 10%.

Bitcoin price rally to $65K fueled by ‘complete exhaustion’ from sellers. Bitcoin’s swift surge above $65,000 occurred after sellers’ “complete exhaustion” culminated with the German government emptying its BTC wallets.

Trump Says He’ll Release Fourth NFT Collection: 'The People Want Me to Do Another One'. Trump’s presidential campaign has raised about $3 million in crypto, mostly bitcoin and ether.

Ripple Backs Campaign to Defeat Crypto Villain Elizabeth Warren. The crypto company gave $1 million to a PAC dedicated to unseating the prominent crypto critic in November.

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

• Seven Point Sunday (link) - Learn to build your career every Sunday

• Bullseye Trades (link) - Daily stock market tips

• Crypto Pragmatist (link) - Actionable alpha 3x a week

• 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: B) SHA-256 🥳 

Bit of a technical one today. Bitcoin utilises the SHA-256 hashing function

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HOW DID WE DO? 🤷

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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.