GM to all 10,362 of you. This is the Crypto Nutshell! 🔥 🥜 

We’re the crypto newsletter as legendary as a group of friends hanging out at their favourite New York coffee shop... ☕🗽 

Today, we’ll be going over:

• The true masterminds behind FTX revealed 😈 

• Crypto experts INSANE new price prediction 🤯 

• Bitcoin’s latest milestone reached 🎯 

• And more…

MARKET WATCH ⚖️

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

SBF’S PARENTS WERE THE MASTERMINDS ALL ALONG? 😈 

JUST IN: SBF’s parents accused of masterminding parts of FTX deception, appropriating over $30M

In a strange turn of events, FTX has filed a lawsuit against Sam Bankman-Fried’s parents.

The aim: recoup as much money as possible to pay back the victims of FTX.

The reason: 

As a side note, SBF’s parents were well respected Stanford Law School professors.

Some of the goodies that SBF’s parents received from FTX:

• $10 million cash gift

• $16.4 million luxury property in the Bahamas

• Over $5 million in donations directed to Stanford University, blatantly sucking up to their employer…

• Frequently stayed at $1,200 per night hotels

• F1 tickets (FTX was a sponsor of Mercedes)

• $90,000 intended for property maintenance

• Numerous political donations

All of these insane benefits were funded by FTX whilst knowing or ignoring red flags regarding financial issues and improper conduct.

Hard to feel sorry for SBF or his parents knowing that..

For the full article click here.

TOGETHER WITH VENTURE SCOUT 🏰 

Check out these returns from IPO to September 2021:

• Google (Alphabet) 64.24x

• Netflix 550.47x

• Facebook 9.02x

Question: What do these companies all have in common?

Answer: They’re all software companies.

Software companies, in our opinion, offer the highest potential returns to investors. (outside the world of crypto 😉)

The problem?

Keeping up with software startups is f*cking difficult.

The SAAS world is practically impossible to keep up with.

That’s why we read Venture Scout.

It’s a high quality weekly report on all the latest and greatest software startups, so you can keep a finger on the pulse of one of the greatest opportunities of our generation.

The best part? Just like us, their reports are completely free.

Subscribe now by hitting that big subscribe button below, there’s really nuttin’ to lose. 🥜 

BITCOIN HEADING FOR $9.2M PER COIN 🤑

We all know that Michael Saylor is Bitcoin’s #1 fan. 🏆

But just how high does he think it will go?

Saylor isn’t one for price predictions, but this week at the German Die Bitcoin Konferenz, he laid it all out.

He believes that Bitcoin is going to go from a $500 billion dollar asset class, to a $10, $100 and ultimately a $200 trillion dollar asset.

Saylor argues that Bitcoin will make up 20-30% of the worlds wealth and be a staple in everyones portfolio.

Time for some quick crypto nutshell math: 🤓

If the market cap of Bitcoin does go to $200 trillion dollars, what would the price of 1 bitcoin be?

$200 trillion / 21 million = $9.52 million per Bitcoin. 🤯 

Now, $9.52 million per Bitcoin does seem absurd but keep one thing in mind.

Saylor doesn’t think in years.

Saylor thinks in decades.

That’s why he's a billionaire.

BITCOIN’S LATEST MILESTONE ⛏️

The Bitcoin network just hit another all time high! 🥳

The Bitcoin Hash Rate has been been on a tear this year. Let’s break down what the Hash Rate is and what it means.

Since the beginning of the year Bitcoins Hash Rate has almost doubled to 403 EH/s (403 quintillion computations per second).

Put simply, Hash Rate is pretty much the total computational power of the Bitcoin Network.

• Increasing Hash Rate: Miners are expanding operations and/or new miners are joining the network - mining is profitable

• Decreasing Hash Rate: Miners are leaving the network - mining is not profitable

The chart above shows the Hash Rate over the last 3 years. This is a majorly good sign for the overall health of the Bitcoin Network.

Miners are crucial to Bitcoin’s success and to see it continue to increase throughout this bear market is a testament to the community’s conviction.

Do you also notice the slight correlation between hash rate & price? Perhaps a leading indicator… 😉 

CRACKING CRYPTO 🥜

WHAT WE’RE READING? ✍️

Want to get even smarter in Finance? Check this out.

p.s. completely FREE

CAN YOU CRACK THIS NUT? ✍️

How many cryptocurrency’s are there (we’ll be using CoinGecko’s stat)?

• A) 4,562

• B) 17,590

• C) 47,203

• D) 10,046

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: D) 10,046 🥳 

Crazy to think there’s really that many crypto’s out there. As sourced by CoinGecko at the time of writing.

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NUTCASE REVIEW OF THE DAY 🔍

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.