GM and welcome to The Crypto Nutshell! 🫶 🥜 

The crypto newsletter that's less predictable than discovering you're the "Chosen One" and your everyday job at a software company is just a simulated reality...🕶️🔴🔵

Today, we’ll discuss:

• Recapping the last 24 hours in the world of crypto 🌏

• The Floodgates of institutional money are about to open 🌊

• Checking in on the Bitcoin Realised Cap chart 📈

• And more…

MARKET WATCH ⚖️

BTC Dominance is currently at 49.86% and the current crypto market cap is $1.20T ▼0.18%

Biggest Winners of The Day 🤑

• TRON (TRX) ▲6.30%

• Stellar (XLM) ▲4.41%

• Litecoin (TON) ▲1.33%

Biggest Losers of The Day 😭

• Polkadot (DOT) ▼2.23%

• Avalanche (AVAX) ▼1.34%

• Dogecoin (DOGE) ▼1.28%

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

Ever wondered how powerful one tweet could be?

Elon Musk tweeted this Scooby-Doo meme and 15 within minutes the market cap of Dogecoin pumped by $320 million 🤯😱

What a world we live in where one man can tweet a meme and increase the market cap of an altcoin by $320 million, completely insane stuff if you ask us…

All price data as of 7:50am ET

EXPERT OF THE DAY - RAOUL PAL 💰

Macro-Economic investor Raoul Pal is ridiculously bullish on crypto.

Revealed in his latest video livestream, Raoul thinks prices are only going to trend upwards for the foreseeable future for a few main reasons.

Firstly, Raoul believes the upcoming decisions on the various Bitcoin ETFs will drive bullish price action & narratives as we get closer to their decision dates.

Investors are anticipating the floodgates to open for institutional money once (if) they get accepted.

The first date to look out for?

August 13-18th - a date slated for the decision of ARK Invests Bitcoin ETF application. 🌳

Additionally, Raoul argues that the cycle has truly turned over and we are about to see interest rates being cut & monetary stimulus turned back on.

When interest rates are cut and the money printers are turned back on, there’s a lot more money floating around that needs to find a home.

In highly liquid environments which Raoul is anticipating, the assets that perform the best are the ones that are furthest out on the risk curve.

Think things like innovation, bio-tech, disruptors & the FAANGs.

But the fastest horse in the race?

Crypto. 🏇

Raoul points out that we are currently at 425 Million cryptocurrency wallets.

With its exponential rate of adoption, we will be at 1+ Billion in no time.

Nutty’s takeaway: There’s endless bullish catalysts on the horizon, and Raoul walked through indicator after indicator that the cycle has turned.

With so much happening right now, I wouldn’t want to be short crypto. 🤑

ON CHAIN DATA DIVE 📊

As I’m sure you know, Bitcoin set a temporary yearly high of $31.7k last week. Despite this, the market remains way to quiet.

To better understand what’s going on let’s turn our attention to the Bitcoin Realised Cap chart.

Realised cap values each coin based on the price is was last moved, as opposed to its current value. It represents the realised value of all coins in the network as opposed to their market value. For a way deeper dive into how this chart works, checkout this article.

From the chart you can see that the current realised cap is sitting at $396B, itching close and closer to $400B every day.

We can see that consistent capital is still flowing into Bitcoin at a slow but steady pace, despite the market remaining quiet. This is likely due to all the recent buzz with the Bitcoin ETF applications.

But what does Glassnode have to say about this chart…

Simply put, demand is continuing to increase for Bitcoin 📈

Nutty’s Takeaway: The price of Bitcoin has remained flat for the past month, hovering around $30,000. However we can see that capital has once again started flowing into the asset. Financial giants such as BlackRock embracing crypto with their ETF applications clearly led to a wave of positivity for Bitcoin, leading to an increase in demand…duh

We’ll be sitting tight during this period and watching the market very closely, expecting a breakout very soon… 👀

CRACKING CRYPTO 🥜

TRIVIA TIME ✍️

Dogecoin is an example of a…

• A) Fiat currency

• B) “Meme coin” or Altcoin

• C) NFT

• D) Stablecoin

Find out the answer at the bottom of this newsletter 😀

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: B) Meme coin or Altcoin 🎉

Altcoins refer to all other crypto’s that aren’t Bitcoin. Dogecoin is known as a “meme coin” as it was branded after the viral Doge meme that features a Shiba Inu dog

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.