Today’s edition is brought to you by Animus Technologies.
GM to all 44,346 of you. Crypto Nutshell #234 slinkin’ in. 🦊 🥜
The crypto newsletter that's as epic as a quest to destroy a powerful ring and save Middle-earth... 💍🌋
What we’ve cooked up for you today…
🤔 Where were the crypto ads?
💪 Don’t trade. HODL
📈 No one wants to sell
💰 And more…
MARKET WATCH ⚖️
Prices as at 4:40am ET
Only the top 20 coins measured by market cap feature in this section
WHERE WERE THE CRYPTO ADS? 🤔
BREAKING: Super Bowl’s global reach is not enough for crypto ads — Kraken exec
Remember back in 2022 when the Super Bowl featured ads from FTX, Coinbase and Crypto.com?
Well times have well & truly changed.
Just like in 2023, last nights Super Bowl featured exactly 0 crypto focused ads.
So what’s going on?
Contrary to what most Americans will have you think, the Super Bowl just doesn’t have that big of a global reach.
Here’s why Kraken decided against taking out a Super Bowl ad this year:
"The Super Bowl is a very U.S. centric event, and the next wave of crypto users will come from all around the world, not just the United States,"
It sounds like exchanges are spending their marketing budgets more wisely.🤓
As Kraken notes, they are focusing on education and awareness over hype and FOMO.
"If the last wave of crypto marketing was all about hype and FOMO (Fear of Missing Out), this current wave has to be rooted in education and awareness for the substance and true value proposition of crypto as a movement that will bring financial freedom and inclusion."
But some were still surprised that none of the new ETF issuers advertised during the Super Bowl.
ETF analyst Eric Balchunas put it perfectly with this tweet:
🤣🤣🤣
Don’t forget, Bitcoin is a global asset after all… 🌎
TOGETHER WITH ANIMUS 👾
Over the past year, the crypto market has been on fire. 🔥
12-months ago, Bitcoin was trading at $20,000 and Ethereum was trading at $1,500.
But where will prices go now?
Will there be a sell-off before the Bitcoin halving?
Or will there be a move up in anticipation?
Truth is - timing the market is extremely difficult.
But what if we could use the power of A.I to help us.
That’s where Animus Technologies comes in.
Animus Technologies takes the guess-work out of crypto.
They’ve developed data-driven trading strategies to out-perform the market without the need to add any excess risk.
Developed over 6+ years, their track record is incredible:
Uses cutting-edge artificial intelligence and sentiment analysis to out-return Bitcoin on an outright & risk adjusted basis ✅
Animus Technologies has crushed it, returning +345.57% vs Bitcoin +119.05% 📈
Won Bitcoin Magazines ‘Bitcoin Alpha Competition’, receiving $1 million in seed capital 🌱
Animus is looking at taking on a limited number of new clients.
If you are looking to leverage A.I and out-return Bitcoin, you can click here to book a call with their team to see if they’re right for you.
DON’T TRADE. HODL 💪
Bitcoin is impossible to trade.
So don’t trade it. Buy it, and hold it.
That’s the latest message out from Fred Krueger.
For those of you who don’t know Fred Krueger, here’s a quick rundown on some of his credentials:
Worked on Wall Street during the early 80’s to late 90’s
PHD in Math from Stanford
10 successful entrepreneurial exits from companies he created
Here’s Fred’s reasoning for why Bitcoin is “impossible” to trade:
“The market will feel weak, and then get a bid out of nowhere. It will feel strong and then it will reverse and crush you. If you are trying to trade it, chances are you will completely fail.”
The simple solution? 🤷♂️
Never trade it.
Buy it.
Hold it.
It really is that simple.
However, there IS one exception to this rule…
“But never, ever sell. Don’t do that unless its really taking generational cash off the table. You won’t see something this good for a very long time.”
In case you’re still not convinced, pay close attention to this next part.
A while ago there was a study on the best performing stock accounts.
Who do you think came out on top?
Spoiler alert, it wasn’t traders.
It was dead people… 😱
Keep it simple this bull run. 🐂
Don’t over complicate things.
There will be draw downs along the way but the proven strategy is to just buy and hold. 😎
NO ONE WANTS TO SELL 📈
Today we’ve got a super interesting chart for you. (The numbers are insane)
We’ll be taking a look at the Bitcoin HODL Waves.
Each coloured band shows the percentage of Bitcoin that last moved within that time period.
The yellow age band represents coins last moved between 6 and 12 months.
As the colours get darker, the age band gets older (purple being the oldest, representing coins last moved 10+ years ago.)
Although it’s impossible to confirm, a large portion of the 10+ year age bracket is likely lost forever. 😢
Here’s the current breakdown:
6m - 12m: 10.01%
1y - 2y: 12.53%
2y - 3y: 12.75%
3y - 5y: 12.46%
5y - 7y: 10.60%
7y - 10y: 4.89%
>10y: 16.04%
In total, 79.28% of the Bitcoin supply has not moved in over 6 months… 😱
That is absolutely insane when you think about it.
Popular crypto analyst Dylan LeClair put it best:
“Inelastic supply meets a wall of demand.”
With the Bitcoin ETFs buying as much Bitcoin as they currently are, things are about to get really crazy…
Long-term holders aren’t letting go of their Bitcoin yet. 😎
Let us know in todays “How did we do” poll at the bottom of this newsletter which age band you fall into! 🤔
CRACKING CRYPTO 🥜
California’s 8.2 million crypto owners poised to influence 2024 elections. According to Coinbase, roughly 27% of Californian adults own crypto and represent a substantial voting bloc in the state.
Bitcoin’s market structure beneficial to price post-halving. Grayscale predicts that Bitcoin ETFs will fundamentally alter the demand-supply ratio of Bitcoin, counterbalancing the selling pressure from 2024’s halving.
Being Satoshi: Inside Craig Wright’s decade-long fight to be the inventor of bitcoin. Australian computer scientist Craig Wright has long claimed to be the creator of bitcoin and owner of a $77 billion crypto cache.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE
Sponsored
Vincent - Real Estate Report
The Latest in Real Estate Investing
Sponsored
Vincent Spotlight
Alternative Investing News for the Savvy Investor
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”)
When did infamous ponzi scheme "BitConnect" shut down?
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: D) January 2018 🥳
On January 17, 2018, Bitconnect shut down, and BCC prices crashed by 92% immediately after.
GET IN FRONT OF 44,000+ CRYPTO INVESTORS
Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.
HOW DID WE DO? 🤷
Hungry for even more free newsletters? Check these out which we subscribe to:
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 🍪)
What did you think of today's Newsletter?
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 researh.