GM to all of you nutcases. It’s Crypto Nutshell #840 layin’ out plans… 🗺️🥜

We're the crypto newsletter that's more merciless than a cartel accountant who knows exactly where the bodies are buried… 📒💀

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin just broke $75,000 - its highest level since early February and a 25% bounce from the bottom

Bitcoin punched through $75,000 on Monday.

It's now up 25% from the February low of $60,000 and trading at levels not seen since early February.

ETH is ripping even harder - up 8% to $2,358, hitting a six-week high and outperforming Bitcoin as risk appetite spreads into altcoins.

And this rally potentially has legs behind it.

Over the past week, Strategy bought 22,237 BTC for $1.57 billion.

US spot Bitcoin ETFs pulled in $763 million - their third straight week of positive flows.

Metaplanet raised $255 million to buy more Bitcoin.

And institutional buyers are now absorbing nearly five times the daily miner supply, according to Bitfinex.

Publicly traded companies collectively hold more than 1.15 million BTC - roughly 5.5% of total supply. That number keeps climbing.

The macro backdrop helped too.

Oil pulled back about 4% on Monday as tensions around the Strait of Hormuz eased slightly. Some tankers have reportedly begun crossing the waterway again, and Trump called on allies to help keep it open. That cooled some of the inflation fear that's been weighing on markets for weeks.

Equities bounced. The Nasdaq and S&P 500 were each up over 1%.

But the market now faces a big test.

The Fed meets tomorrow for its March decision. Bitcoin is approaching that meeting with momentum - but a hawkish tone from Powell could stall the rally fast.

And a word of caution…

CoinDesk noted that 25% bounces happened several times during 2022's bear market. Each one failed before the final flush to $16,000 in November.

That doesn't mean it happens again - but it's worth remembering.

Still, the structure looks different this time.

Selling pressure is fading. Long-term holders aren't moving their coins. ETF flows are back. And Bitcoin just broke through the $75,000 level where heavy options positioning had been building - a move that could force market makers to buy more as they hedge.

The bounce is real. The question now is whether it sticks.

Do you think the bottom is in?

Let us know your thoughts in the poll below. 👇

ChatGPT is insanely powerful.

But most people waste 90% of its potential by using it like Google.

These 1,000+ proven ChatGPT prompts fix that and help you work 10X faster.

Sign up for Superhuman AI and get:

Claim your free prompts

Matt Hougan just said the entire market is wrong.

That's the Chief Investment Officer at Bitwise, managing over $10+ billion in crypto assets, responding to news that Kazakhstan's central bank is allocating up to $350 million from its gold and foreign exchange reserves into crypto-related assets.

Investments are expected to begin as early as April.

Here’s the news Hougan was referencing:

Now, Hougan acknowledged this isn't a direct purchase of Bitcoin or Ethereum.

Kazakhstan is targeting crypto infrastructure companies, index funds, and instruments that track digital asset markets. It's an indirect play.

But as Hougan put it: "There is no way to spin this as anything but positive."

And here's the bigger picture that most people are sleeping on:

Kazakhstan's central bank sits on $69.4 billion in reserves. This $350 million allocation is the first tranche of a plan that could grow to $1 billion. They're also folding in seized crypto assets and revenue from state-controlled mining operations into a broader national crypto reserve structure.

This isn't a one-off experiment. It's a sovereign strategy.

And Kazakhstan isn't alone. Abu Dhabi's sovereign wealth fund is already buying. Luxembourg is in. The U.S. has its strategic Bitcoin reserve. The dominoes are falling one by one.

Remember what Hougan said a few weeks ago? He puts the probability of the U.S. government actively buying Bitcoin at 10-25%. And if that happens, he sees Bitcoin going to $500,000 "almost instantly."

The market is pricing in zero sovereign demand. The reality is that sovereign demand is accelerating.

Nations don't FOMO. They just move first. 🦅

We’re up to three now!

Last week, Digital Asset Funds saw inflows for the third week in a row of $1.06 billion.

Let’s break it down.

Bitcoin accounted for 75% of the flows last week, with $793.4 million coming in.

Ethereum followed with $315.3 million.

Whilst XRP saw its second week of outflows with $76.1 million leaving.

Regionally, the U.S. saw the majority of inflows with $1.02 billion entering.

Hong Kong, Canada, and Switzerland followed with inflows of $23.1 million, $19.4 million and $10.4 million respectively.

While traditional markets have been rattled by geopolitical chaos, digital assets have held their ground.

Since the Iran crisis began, total assets under management in digital asset ETFs have climbed 9.4% to $140 billion.

Let that contrast sink in…

The world is dealing with geopolitical disruption, uncertainty is everywhere - and capital is flowing into crypto, not out of it.

That's a shift in how institutions view digital assets during periods of stress. The safe haven narrative isn't just talk anymore - the flows are backing it up.

Bitcoin Hits $74K as US-Iran War Enters Third Week: Here's Why. Experts remain cautious in the short-term despite Bitcoin’s $74K retest amid escalating geopolitical tensions.

Institutional investors held firm through bitcoin’s downturn, Bitwise CIO Matt Hougan says. Spot bitcoin ETFs drew roughly $60 billion in inflows since their 2024 launch, reinforcing Hougan’s long-term case that BTC could eventually reach $1 million as institutional adoption grows.

SEC’s Hester Peirce encourages firms exploring tokenization to ‘come in and talk to us’. Peirce said the SEC isn't a “merit regulator,” emphasizing the agency doesn't decide whether financial products are good or bad investments.

Bernstein Says Bitcoin Resilience Reflects Ownership Shift. Bernstein analysts say conflict-driven volatility may highlight Bitcoin’s portability and liquidity across borders.

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

Because what would the crypto world be without its share of memes?

Trivia Answer: Maximal Extractable Value 🥳

MEV refers to the profit that block producers can extract by reordering, inserting, or censoring transactions within a block. Originally called Miner Extractable Value, it was renamed to Maximal Extractable Value after Ethereum's move to proof of stake. MEV is a major area of research because it can lead to front-running, sandwich attacks, and hidden costs for everyday users.

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.

Get in touch today.😎

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

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.