GM to all 64,612 of you. Crypto Nutshell #301 poppin’ bottles... 🍾 🥜

We’re the crypto newsletter that’s as gripping as a group of astronauts struggling to survive after their space mission goes awry... 🚀 🌌

What we’ve cooked up for you today…

• ✂️ The halving is here

• 👨‍⚖️ IMF validates Bitcoin

• 💪 Bitcoin is popping off

• 💰 And more…

MARKET WATCH ⚖️

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

THE HALVING IS HERE ✂️

BREAKING: Bitcoin halving hype breaks week-long ETFs outflow streak

Bitcoin just underwent its fourth halving! 🥳 🥳

The block reward for miners has now been decreased from 6.25 BTC per mined block, down to 3.125 BTC.

This means that the daily rate of new Bitcoin entering the supply has also decreased from 900/day down to 450/day.

This will continue every 4 years until Bitcoin reaches it’s supply cap of 21 million BTC. (estimated to happen roughly in 2140)

The last 3 halvings occurred in 2012, 2016 and 2020. And each preceded HUGE rallies in Bitcoin’s price.

That’s why the crypto community is so hyped for the halving. 

Going off past performance, we can expect positive price action for the next 12 - 18 months.

BUT there’s 1 reason for why this halving is extra special.

For the first time ever, Bitcoin is now verifiably more scarce than gold…

Bitcoin is now factually, the hardest money on earth.

The next 12-18 months are going to be wild. 🎢

HOW TO (actually) INVEST IN CRYPTO 🧠 

We owe you an apology. 🫵

But - we’ve heard you.

The 3 most common questions we get asked:

1. How do I actually invest in crypto?

2. Which coins should I buy?

3. How do I secure my crypto?

It turns out, not all of you are crypto experts. (crazy)

That changes today.

We’ve put together a no B.S, beginners guide to getting started in crypto.

With the 2024 Bitcoin halving now complete, there’s no better time to get started in crypto.

In this free guide we cover:

• 3 most important things to understand about Bitcoin & Crypto

• Recommended portfolio allocation for 2024 & beyond

• How to actually buy & secure your crypto using Coinbase & Ledger

However - if you are experienced in the crypto space, you’ll still find this video useful. We also cover:

• 6 Charts showing why Crypto will continue to be the best performing asset class over the next 10 years

• 4 Crucial tips to make the most out of the bull market

P.S. To celebrate the Bitcoin halving we are again giving away $100 in USDT to 3 lucky readers.

To enter:

1. Head on over to the Crypto Nutshell Youtube channel & hit subscribe! (if you haven’t already!)

2. Check out our latest video, How To Invest In Crypto For Beginners (No Bullsh*t Guide) - Hit that like button & drop us a comment.

3. When finished, submit today’s poll at the bottom of the newsletter with a ‘done!’ 👇

That’s it!

We’ll randomly draw winners in 72 hours from now & shoot you an email!

THE IMF VALIDATES BITCOIN 👨‍⚖️

One of the most common criticisms against Bitcoin is that it’s only use case is for criminal activity…

Well, the International Monetary Fund (IMF) just published a report proving that’s far from the truth.

Let’s break it down.

Bitcoin as a hedge against global uncertainty

The IMF’s study provides evidence that increased Bitcoin activity occurs as investors move away from risk assets.

(VIX is the volatility index, also known as the “fear gauge”)

Despite what many say, Bitcoin is looked at as a “risk-off” asset.

Bitcoin is used to flee instability in local economies

The IMF’s study concludes that people are turning to Bitcoin to get around capital controls. (oppressive Governments)

Bitcoin is clearly being used for its intended purpose - censorship resistant money.

Bitcoin flows are larger in emerging and developing markets

The IMF’s study concludes that Bitcoin flows are typically larger in developing markets compared to advanced economies.

Countries with the largest Bitcoin flows:

• Seychelles

• Venezuela

• Moldova

• Nigeria

• Central African Republic

A common theme shared by all of these countries is a high rate of currency debasement.

Sounds like people are turning to Bitcoin as a safe haven asset.

So despite what Gary Gensler and Elizabeth Warren are saying, Bitcoin’s biggest use case is NOT criminal activity…

It’s protecting your wealth. 🔒

Click here for the full report.

BITCOIN IS POPPING OFF 💪

Today we’ll be taking a look at the number of addresses with a non-zero balance.

It provides a high level overview of the Bitcoin network’s user base/activity.

But it’s important to understand that one wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

• Increasing number of addresses: increasing adoption levels 📈

• Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉

Notice how this chart has always been trending upwards?

A clear sign that the Bitcoin Network has expanded every single year.

However, every now and then, this metric dips. As Bitcoin approaches new all-time highs, some investors decide to take profits. (but these dips are tiny in the grand scheme of things)

As of today there are 52,092,112 addresses with a positive balance.

Two weeks ago this metric was at 51,189,548 wallets.

That’s an increase of +902,564 wallets.

The likely reason for this insane growth over the past two weeks is the rise of Bitcoin Ordinals & Runes.

Ordinals are basically NFTs on Bitcoin.

And Runes allow the creation of memecoins and other tokens on Bitcoin.

If you’d like to learn more about Ordinals & Runes, click here.

Simple takeaway from this data:

The use-cases of Bitcoin are still growing, 15 years into its existence.

Bitcoin network growth = higher prices.

CRACKING CRYPTO 🥜

Tether coming to Telegram through TON blockchain amid $11 billion wider minting spree. Stablecoin issuer Tether expands USDT and XAUT offerings on The Open Network to boost cross-border transactions.

The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees. The launch of Casey Rodarmor's new Runes protocol sent fees surging.

This Bitcoin halving cycle, miners need a new energy strategy. Bitcoin miners need to explore unconventional energy avenues or be buried by the financial realities created by this halving.

Chainlink co-founder expects more coins to have ETFs. Chainlink co-founder Sergey Nazarov believes crypto must improve usability to spur mainstream adoption.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE

• Bitcoin Breakdown (link) - Weekly Bitcoin recap

• The Hustle (link) - Get Smarter on Business and Tech

• The Business Academy (link) - Unique investment opportunities

• Wild Golf (link) - Twice weekly Golf insights & tips

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 🥳 

The SHA-256 function that Bitcoin uses is short for “Secure Hash Algorithm” and was designed by the United States National Security Agency (NSA).

GET IN FRONT OF 64,000+ CRYPTO INVESTORS

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Get in touch today. 😎

HOW DID WE DO? 🤷

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

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.