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- 🥜 Crypto Expert: This Is The GREATEST Opportunity Of ALL TIME!
🥜 Crypto Expert: This Is The GREATEST Opportunity Of ALL TIME!
PLUS: Tesla Bullish on Bitcoin?
GM and welcome to The Crypto Nutshell! 🫶 🥜
The crypto newsletter that’s not as bad as being stranded on an island, talking to a volleyball named Wilson...🏝️🏐
Today, we’ll discuss:
Recapping the last 24 hours in the world of crypto 🌏
Raoul Pal: You Won’t Want To Miss this Opportunity 💰
The amount of ETH staked has reached an All Time High! 📈
And more…
MARKET WATCH ⚖️
BTC Dominance is currently at 49.86% and the current crypto market cap is $1.22T ▲1.11%
BTC Dominance YTD
Biggest Winners of The Day 🤑
Stellar (XLM) ▲19.93%
Polygon (MATIC) ▲6.77%
Polkadot (DOT) ▲5.25%
Biggest Losers of The Day 😭
No losers in the top 20 coins today 😄
Only the top 20 coins measured by market cap feature in this section
🚨 Big step forward for ETF applications 🚨
The SEC has added 6 Bitcoin ETF applications to the federal register.
This means that the SEC now has up to 240 days - until March 2024 - to approve or decline these applications.
The institutions involved: BlackRock, Fidelity, Invesco Galaxy, VanEck, WisdomTree, Valkyrie
The race is on 🏇 who will be approved first? 🤷♂️
🇺🇸 SEC has added 6 spot #Bitcoin ETFs applications to the federal register, including BlackRock and Fidelity's.
The race is on 🔥
— Bitcoin Magazine (@BitcoinMagazine)
5:11 PM • Jul 19, 2023
Tesla bullish on Bitcoin again??🤨
During its Q2 2023 investor report, Tesla announced that it didn’t sell any of it $184 million held in digital assets. Will Tesla introduce Bitcoin as a payment option?
JUST IN - Tesla didn't sell any #Bitcoin in Q2 2023
— Bitcoin Magazine (@BitcoinMagazine)
8:06 PM • Jul 19, 2023
All price data as of 7:50am ET
EXPERT OF THE DAY - RAOUL PAL 🚢
This macro-economic expert believes that this is the greatest opportunity to build wealth you’re EVER going to get.
It’s not the 1950’s anymore.
You can’t just buy a house and expect to get rich.
You can’t just throw your money into the stock market & watch it multiply year after year.
Those opportunities are now gone.
However this generation has one, shining light in the dark.
In his latest interview, founder of Real Vision and macro-economic expert Raoul Pal had one key takeaway.
This is the FIRST time in the history of investing that normal everyday investors are able to front run the institutions.
How you ask?
Dead simple…Crypto.
I thought institutions also were not able to invest yet so you get for the first time ever, a chance to front run them because you know they're coming, but they're not in yet. So I thought well if you are young this is going to be the biggest opportunity you've got and it's going to suck in millions of people.
Raoul Pal was one of the first analysts ever to cover Bitcoin and cryptocurrency as an investable asset.
From the beginning, Raoul had one belief that drove him towards investing in crypto. Blockchain provided a superior financial system to the traditional financial world.
It was inevitable that institutions would eventually come into the space. Now, with BlackRock, Fidelity and Charles Schwab all entering the cryptocurrency space…
Raoul was 100% correct.
Nutty’s takeaway: Don’t mess this up g.
ON CHAIN DATA DIVE 📊
Time to once again check in on Ethereum. Today we’re looking at the Percentage of ETH Supply Staked chart.
This one’s a simple, it literally just tracks the Percentage of Ethereum supply that’s currently staked. If you’re still unsure what staking is checkout this article for a recap.
Basically, staking is the process of locking away your ETH to support the network in return for rewards and is crucial for it’s success, previously it was not possible to withdraw your staked ETH.
HOWEVER…
The Shanghai upgrade made it possible to withdraw your staked ETH. This is MASSIVE. This is a game changer.
Surely giving stakers the ability to unstake their locked ETH would have led to a dip in the staked supply? 🤔
If you said yes, you’d be WRONG!
This newfound confidence in the flexibility of the Ethereum Blockchain actually increased the amount of ETH staked. 🤣
Even the rate at which new ETH is being staked has increased, rocketing to over 22% since the Shanghai upgrade took place in April. 📈
Nutty’s Takeaway: There’s no other way to put it. This is MEGA bullish for Ethereum. The staked supply still has room to increase and is showing no signs of slowing down anytime soon. We aren’t going to tell you what to do, but just know we’ll definitely be accumulating some cheap Ethereum.
CRACKING CRYPTO 🥜
TRIVIA TIME ✍️
The process for creating new units of Bitcoin is called:
A) Minting
B) Excavating
C) Extracting
D) Mining
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: D) Mining 🎉
Bitcoin mining is the process by which new bitcoins are entered into circulation. It is also the way the network confirms new transactions and is a critical component of the blockchain ledger's maintenance and development.
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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.
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