- Crypto Nutshell
- Posts
- 🥜 It's coming
🥜 It's coming
PLUS: He's a free man
Together with
GM to all 84,827 of you. Crypto Nutshell #539 predictin’ the future… 🔮 🥜
We're the crypto newsletter that's more daring than racing against time to prevent a volcano from engulfing an entire town... 🌋🚨
What we’ve cooked up for you today…
🏦 Ross is free
⚠️ It’s coming…
💪 Holding out
💰 And more…
Prices as at 4:15am ET
ROSS IS FREE 🏦
BREAKING: Trump signs executive order to pardon Ross Ulbricht
Trump just signed his first crypto related executive order.
Ross Ulbricht is now a free man!
Today, Trump posted the following to Truth Social:
Soon after Trump’s announcement, Ross’s family posted the following to Twitter.
The first official pic of Ross after release
Who is Ross Ulbricht?
Now if you have no idea who Ross Ulbricht is, this may seem a little random…
Why is the crypto community celebrating the release of this man?
And what did he even do to end up in jail in the first place?
Well, Ulbricht was serving multiple life sentences for creating and operating Silk Road, a darknet marketplace. (Many believe his sentence was extremely harsh)
Ulbricht launched Silk Road in 2011 and it quickly became the most popular peer-to-peer exchange where users could spend their BTC for goods or services. (Revolutionary at the time)
Although…
These goods and services were typically used for illicit purposes…
(Silk Road was nicknamed “The Amazon of Drugs”)
Ross was arrested by the FBI in October 2013 before being convicted in 2015 for engaging in a criminal enterprise and numerous other charges.
Whilst Silk Road popularised the use of Bitcoin, it also associated Bitcoin with illegal activity in its early days.
The story of Silk Road and Ross goes much, much deeper than that.
If you’re interested in the full story, checkout this excellent video.
Why is this such a big deal?
That’s simple…
The Bitcoin community has been petitioning for Ross’s pardon for years.
During Trump’s presidential campaign he promised that he’d pardon Ross on day 1.
Whilst it wasn’t quite day 1 (It was day 1.5…), Trump did end up delivering on this promise.
And with Trump fulfilling his first crypto related promise, the community is hopeful that more are to come.
Bitcoin Magazine CEO, David Bailey also posted that he’s confident Trump will deliver on the Strategic Bitcoin Reserve. 👀
Trump is only just getting started when it comes to crypto…
Ready to level up your work with AI?
HubSpot’s free guide to using ChatGPT at work is your new cheat code to go from working hard to hardly working
HubSpot’s guide will teach you:
How to prompt like a pro
How to integrate AI in your personal workflow
Over 100+ useful prompt ideas
All in order to help you unleash the power of AI for a more efficient, impactful professional life.
IT’S COMING… ⚠️
Bitcoin will hit multiple millions of dollars per coin.
President Trump is excited about establishing a Bitcoin Strategic Reserve.
That’s the latest message out of Brian Armstrong.
If you don’t know Brian Armstrong, he’s a true crypto O.G.
He’s the founder and CEO of Coinbase, the biggest crypto exchange in the U.S., and he’s been around Bitcoin since the beginning.
Today, he did 2 interviews, sharing his insights into Bitcoin’s future.
His big prediction? Bitcoin is headed for multiple millions per coin:
JUST IN: Coinbase CEO Brian Armstrong predicts Bitcoin will "get into the millions, multiple millions price range."
— Watcher.Guru (@WatcherGuru)
3:44 PM • Jan 21, 2025
“I think over time, we’ll see Bitcoin get into the millions, multiple millions price range.”
How will we get there?
A Strategic Bitcoin Reserve:
“A Strategic Bitcoin Reserve, if the U.S took that path, the rest of the G20 would follow.“
Brian then revealed that countries outside the U.S. are already showing interest in setting up Strategic Bitcoin Reserves:
“In fact, I’ve discussed with a number of finance ministers here in Switzerland from different countries around the world, the idea of a Strategic Bitcoin Reserve, they’re getting more interested in it now. Because the U.S is looking into it.”
In a follow-up interview, Brian revealed that he had met with President Trump, who was excited about a Strategic Bitcoin Reserve:
JUST IN: Coinbase CEO Brian Armstrong thinks President Donald Trump is excited about a Strategic Bitcoin Reserve 🇺🇸
— Bitcoin Magazine (@BitcoinMagazine)
8:53 PM • Jan 21, 2025
“I think he is excited about it. He really wants to be the first Bitcoin President. Cynthia Lummis in the Senate is actually the one driving this legislation.”
Also today, Senator Cynthia Lummis, retweeted that she had met with Eric Trump at the Capitol yesterday to discuss creating a Strategic Bitcoin Reserve:
Now, nothing in life is certain.
But right now? All signs suggest a Strategic Bitcoin Reserve is on its way.
HOLDING OUT 💪
Time for a check in on one of our favourite charts.
The supply last active 1+ years ago metric is super simple to understand and extremely useful.
It categorises coins based on how long it’s been since they last moved on-chain. (As a percentage of the circulating supply)
Metrics rising: long-term holders are accumulating coins 📈
Metrics declining: long-term holders are selling coins 📉
Here’s the breakdown for each cohort (compared to what it was 2 weeks ago):
🔴 Supply last active 1+ years ago: 62.13% (down from 62.18%)
🟠 Supply last active 2+ years ago: 53.36% (down from 53.45%)
🟢 Supply last active 3+ years ago: 45.31% (down from 45.40%)
🔵 Supply last active 5+ years ago: 30.70% (up from 30.66%)
The 1+, 2+ and 3+ cohorts all experienced minor declines over the last two weeks.
Whilst the 5+ cohort actually saw a minor increase.
But…
It’s worth pointing out that these declines in percentages have been getting smaller and smaller recently.
Which lines up with what we broke down on Monday.
On Monday, we discovered that the amount of coins sold by long-term holders had significantly dropped since the start of 2025.
It’s looking like everyone who wanted to take profit between $100,000 and $105,000 has already done so.
True long-term holders are still holding out for higher and higher prices…
CRACKING CRYPTO 🥜
Circle CEO bullish on Trump's crypto policy despite no mention during speech. Circle CEO Jeremy Allaire said he is optimistic about Trump's executive orders to ease crypto financial barriers.
U.S. DOGE Sports Dogecoin Logo After Announcement at Trump Inauguration. The official Department of Government Efficiency website now sports a dogecoin token logo.
Bitcoin mining saved Texas $18B, boosted grid stability. BTC mining aids Texas’ grid stability, cutting $18 billion in costs by replacing gas peaker plants with efficient demand response.
Riot Platforms' pivot from bitcoin mining to AI data centers is 'encouraging,' analysts say. One of the largest publicly traded bitcoin miners is looking to the artificial intelligence and high-performance computing boom.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Twice weekly Bitcoin news
Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
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”)
What is "mining" in Bitcoin? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: C) The process of confirming transactions and adding them to the blockchain 🥳
Bitcoin mining is the process by which transactions are officially entered on the blockchain. It is also the way new Bitcoin is launched into circulation.
GET IN FRONT OF 85,000+ 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? 🤷
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?Don't worry, you won't hurt our feelings... 🥲 |
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.
Reply