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GM to all 84,827 of you. Crypto Nutshell #538 hoardin’ gold… 🐉🥜

We're the crypto newsletter that's more electrifying than catching a Pikachu on your first try... ⚡️🔴

What we’ve cooked up for you today…

• 🏦 The day is here

• 😵‍💫 You’d have to be crazy…

• 💪 We’re so back

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

THE DAY IS HERE 🏦 

BREAKING: Circle CEO expects imminent US executive orders to widen crypto

Well that was a wild 24 hours…

Trump is officially the President of The United States.

Bitcoin hit a fresh all-time high of $109,114.88.

However it’s since fallen ~6.21% down to $102,000 at the time of writing.

And unfortunately Trump did not announce the Strategic Bitcoin Reserve on his first day.

But we’ll get back to that in the next section…

In fact, there was zero mention of anything crypto related during Trump’s inauguration speech. 🥹

And then a republican priorities document was released…

Again, not a single mention of anything crypto related…

What’s going on?

But Trump HAS made some moves that are objectively pro-crypto:

• Venture capitalist and former PayPal COO David Sacks has been named the “AI & Crypto Czar”

• Longtime crypto advocate Paul Atkins has been nominated to lead the SEC

• Crypto-friendly Mark Uyeda has been named as acting SEC Chair until Paul Atkins takes over

• Crypto advocate Caroline Pham has been named as acting CFTC commissioner

This is literally the most pro-crypto government we’ve ever seen.

According to a recent report from Reuters, Circle CEO (USDC) Jeremy Allaire expects executive orders “imminently” from Trump.

Allaire believes these executive orders will focus on repealing the SEC’s SAB 121 guidelines.

Which in case you didn’t know, makes it practically impossible for banks to hold crypto.

Make no mistake, this would be a HUGE deal if Trump repealed it.

Looks like we’ll have to wait a couple of days before Trump’s crypto policies are revealed…

Stay tuned, we’ll keep you updated. 😎

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YOU’D HAVE TO BE CRAZY 😵‍💫

It seems we won't be seeing a Strategic Bitcoin Reserve implemented on Trump's first day in office.

However, if that makes you bearish, you're out of your mind.

That's the latest take from Jesse Eckel.

For those of you who haven’t heard of him, Jesse Eckel is a crypto analyst with an impressive track record.

Jesse went from being unemployed during the 2020/2021 bull run to building a crypto portfolio worth over $1.7 million by the end of the cycle.

Now, he's working to grow it to $10+ million in the current cycle.

Today, Jesse responded to the growing bearish sentiment on Crypto Twitter following no news of a Strategic Bitcoin Reserve:

Jesse then highlighted what Trump has accomplished in the lead-up to his inauguration:

Additionally, today Trump’s DeFi project, World Liberty Financial, made the following cryptocurrency purchases:

Yes, you’re seeing that correctly.

On the very first day of his presidency, the sitting United States President's company purchased over $110 million worth of Bitcoin, Ethereum, and a variety of DeFi projects.

We may not have got a Strategic Bitcoin Reserve on day 1.

But this is not the time to be bearish. 🐻

WE’RE SO BACK 💪

Last week Digital asset funds saw net inflows of $2.2 billion.

This brings year-to-date inflows up to $2.8 billion.

Recent price rises also pushed total assets under management to a new all-time high of $171 billion.

Let’s break it down.

Bitcoin was the focus last week with inflows of $1.9 billion.

Ethereum also had a positive week, seeing net inflows of $246.2 million.

However, on a year-to-date basis Ethereum is still $27.5 million in the red.

XRP also continued it’s hot streak with $30.8 million coming in for the week.

The United States saw inflows of $2.1 billion for the week.

Switzerland and Canada also saw notable inflows of $88.9m and $13.4m respectively.

Whilst Sweden and Germany experienced outflows of $14.5m & $2.4m respectively.

The streak is back…

The main reason for such significant inflows compared to prior weeks was the euphoria surrounding Trump’s inauguration.

And with a new age of regulatory clarity coming in under Trump’s administration, we’re expecting the inflows to continue this week.

CRACKING CRYPTO 🥜

Vitalik Buterin addresses controversy as Ethereum Foundation sells another 100 ETH. On-chain Ethereum sales reignite debate over the foundation's resource management amidst leadership revamp.

Trump’s ‘America First Priorities’ exclude any mention of crypto, BTC. Trump’s key priorities include improving public safety, pursuing energy independence, promoting “American values” and cutting back on government excess.

Gary Gensler Is Out at the SEC, and Crypto-Friendly Mark Uyeda Is In. President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.

World Liberty Financial buys $112.8 million in crypto on Trump's first day in office. With the latest purchase, World Liberty increased its ether holdings to 57,115 ETH, valued at approximately $185.14 million based on current market prices

WHAT WE’RE READING 📚

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• 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) November 2012 🥳

The first Bitcoin Halving event happened in November 28th 2012.

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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.