GM and welcome to The Crypto Nutshell! 🫶 🥜 

The crypto newsletter that's almost as delightful as finding the stapler you thought was in Jello... 🖇️🍮

Today, we’ll discuss:

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

• How to retire early with crypto 🤑

• The HODLing behaviour of the Bitcoin community 💰

• And more…

MARKET WATCH ⚖️

BTC Dominance is currently at 49.67% and the current crypto market cap is $1.19T ▲0.37%

Biggest Winners of The Day 🤑

• Litecoin (LTC) ▲3.97%

• Shiba Inu (SHIB) ▲3.82%

• Dogecoin (DOGE) ▲2.46%

Biggest Losers of The Day 😭

• TRON (TRX) ▼2.19%

• Polkadot (DOT) ▼0.32%

• Solana (SOL) ▼0.24%

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

JUST IN: Prosecutors drop another charge against FTX co-founder Sam Bankman-Fried. 😱

Sam Bankman-Fried is still facing numerous other fraud charges in relation to the collapse of FTX. But seriously. How can some of these charges be dropped. It makes no sense.

For more on the SBF court case saga click here. 📰

All price data as of 7:30am ET

EXPERT OF THE DAY - ANDREW TATE 🥊

Today’s expert is a little different…It’s a man that’s been dominating the headlines lately.

It’s Andrew Tate.

We’re not going to comment on any of Tate’s views but we are going to break down his Bitcoin & crypto outlook. Why?

Because it’s filled with value.

For those that don’t think Andrew Tate is a crypto expert… Let’s dive behind the curtains.

How did Andrew Tate actually get rich?

Kick boxing? Web-Cam? Casinos? Hustlers University? The War-Room?

Here’s what actually happened.

Andrew Tate was a full-time kick boxer. He won 4x World Championships across multiple weight classes. The problem? Kickboxing pays pennies. Andrew Tate knew one thing. He wanted to get rich.

But Kickboxing wasn't going to get him there.

Knowing he couldn't spend all his waking hours dedicated to training & diet, Andrew told his brother Tristan that he was going to lock himself in his room until he discovered a way to make money online.

Tate was watching Youtube video after Youtube video trying to come up with a way to make money. He made a list of all his assets and liabilities when he realised it. His biggest asset?

He had multiple beautiful women at his disposal.

Tate quickly set-up and began running a Web-cam business in which men online would pay to speak to attractive women. Very quickly, the business took off and Tate was raking in a huge amount of cash each month. But he had a problem.

Taxes.

Tate wanted to do everything in his power to avoid paying taxes. Luckily for him, the webcam hosting website he was using had just implemented a new pay-out method that would allow Tate to keep his cash-flows out of banks.

That method? Bitcoin.

Andrew Tate stumbled upon an extremely high cash-flowing business and was able to get paid out in Bitcoin at the perfect time, 2014 - 2016, right before any significant bull-runs.

Over the course of his business, Tate was able to make tens of millions of dollars on just Bitcoin appreciation alone, however his crypto story doesn’t end there.

Another huge win of Tate’s came in 2021, when again, Tate was in the right place at the right time and profited BIG.

Tate was early into the DeFi wave and in 2021 was buying up huge amounts of a crypto token called Pancake Swap - which went on to become a standout performer in the 2021 Bull run.

Tate claims to of made over $30 Million+ on Pancake Swap alone.

So it’s suffice to say, Andrew Tate knows his stuff when it comes to Bitcoin and Crypto.

Nutty’s takeaway: Whether you love, hate or don’t care about Tate, there’s one thing we definitely agree with. NOW is the time to be getting educated and stacking crypto. There is no time to waste. By the time everyone is talking about Bitcoin & crypto again, it will be too late.

ON CHAIN DATA DIVE 📊

Ever since mid 2022 there’s been a constant decline in Bitcoin transfer volume. However there’s also been a slow but constant increase in the number of active addresses.

So one chart indicates network expansion and the other indicates the network is slowing down? What’s going on here? Let’s break it down.

Simply put, the network has been experiencing a large increase in HODLing mentality. It’s a pretty crazy stat but long-term holders currently hold 14.5M Bitcoin or 75% of all available bitcoin for purchase. It’s important to keep in mind that a sizeable chunk of these coins are also considered to be “lost” forever. 😱

So what does of all of this mean? 🤷‍♀️

Well, If investors continue to Hodl their coins (statistically they will) then we’ll likely see a Bitcoin supply shock soon. The Bitcoin halving is also fast approaching, estimated for April 2024. In case you didn’t know, this will cut block rewards in half, further decreasing the supply of new Bitcoin. If you’d like to learn more about the halving, checkout this video from CoinGecko.

There’s also been some pretty big news recently that we’ve been talking about quite a lot.

That’s right. It’s the Bitcoin ETF applications by institutions like BlackRock and Grayscale. Once these ETF applications get approved we’ll be witnessing a massive increase in institutional demand for Bitcoin.

It’s almost as if a perfect storm is brewing for Bitcoin. Limited supply due to the HODL mentality, increased scarcity from the halving and increasing demand from institutions. ⛈️

Nutty’s Takeaway: We’re excited for Bitcoin’s coming months. A very interesting market dynamic is forming with the points discussed above. Keep a close eye on the charts we’ve shown here.

CRACKING CRYPTO 🥜

TRIVIA TIME ✍️

How much of the Bitcoin supply is estimated to be “lost”?

• A) ~13%

• B) ~20%

• C) ~24%

• D) ~6%

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) ~20% 🎉

According to data, around 20% of Bitcoin has been lost or is stuck in wallets that can't be accessed.

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.