GM and welcome to The Crypto Nutshell! 🫶 🥜 

The crypto newsletter less terrifying than being chased by genetically engineered dinosaurs on a remote island...🦖🏝️

Today, we’ll discuss:

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

• Raoul Pal on institutional investment 🤑

• Taking at look back at Bitcoin’s performance in July💰

• And more…

MARKET WATCH ⚖️

BTC Dominance is currently at 50.11% and the current crypto market cap is $1.18T  ▲1.34%

Biggest Winners of The Day 🤑

• Bitcoin (BTC) ▲2.15%

• Wrapped Bitcoin (WBTC) ▲2.09%

• Polygon (MATIC) ▲1.88%

Biggest Losers of The Day 😭

• Bitcoin Cash (BCH) ▼1.63%

• TRON (TRX) ▼0.05%

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

JUST IN: MicroStrategy announced that they have purchased an additional 467 BTC for $14.4 million. 💰

This brings MicroStrategy’s total to 152,800 BTC purchased for $4.53 billion or $29,672 per Bitcoin 😱

Also just quickly, take a look at the below chart. MicroStrategy and Bitcoin have both outperformed big tech stocks stocks since they adopted their Bitcoin strategy. Pretty crazy to see…

All price data as of 7:10am ET

EXPERT OF THE DAY 💰

These 2 experts believes that the big money has done the work and an avalanche of institutional capital is about to flood into the crypto space.

This week, Macro economic expert & Founder of Real Vision, Raoul Pal sat down with Jack Neureuter a research analyst at Fidelity Digital Assets.

Link to full discussion.

Haven’t heard of Fidelity? Oh they’re no big deal. They’re just an asset manager with $10.3 Trillion dollars under management. 💰

No, that wasn’t a typo. Trillion, with a T.

Anyway, their conversation gave some huge insight as to the sentiment of the big money players and their thinking surrounding Crypto.

Here’s the main takeaway of their conversation.

Sophisticated investors & institutions can’t just flip a switch and enter a new asset class. It takes a lot of due-diligence & years of learning & research before they can even begin entering a space. This ‘education cycle’ only truly began for most institutions in 2020 and 2021.

On top of this, there was no real good way for big money to enter the space, even if they wanted to take positions in Bitcoin or Ethereum.

Laws, regulations, board approval & all the bureaucracy the big money has to deal with takes a long time to work through.

The easiest way to try and get a slice of cryptocurrency was to just invest in venture capital that was focussing on Blockchain or digital assets.

That’s why we saw over $60+ Billion dollars of venture capital blockchain and crypto funding enter the space between 2021 & 2022.

However this all changes once a spot Bitcoin ETF has been approved.

Once there’s an easy, regulatory-sound way of investing into the space directly…

The floodgates are open.

Nutty’s takeaway: We keep banging on about it because we don’t think people are excited or realise just how big a deal these two things are:

• BlackRock’s spot Bitcoin ETF

• 2024 Bitcoin Halving

Both of these events are game changers, and they will both unfold within the next 12 months. Buckle your seatbelts. 🥂🫡

ON CHAIN DATA DIVE 📊

As July has come to a close, lets take a look at the month that was whilst also seeing what’s in store for Bitcoins future.

Bitcoin closed July with a slight dip of ~4.09%, can you believe this is only the second month this year where Bitcoin has declined?

So far this year we’ve seen Bitcoin increase in value by ~77%.

Despite reaching a year high of ~$31,657 early in the month, Bitcoin appeared to run out of steam towards the end and continued to trade relatively flat.

Heading into the final month of Summer, the future of Bitcoin appears to be a little negative. August has been a mixed bag of returns with 8 out of 13 recorded months representing a decline in the cryptocurrency. Do you think we’ll see positive or negative returns in August?

Recapping major July events:

• Bitcoin jumped to a new year high just above $31,000

• XRP vs SEC court case victory

• House of Financial Services Committee advanced a new cryptocurrency bill that would help clarify regulatory outlook for digital assets in the U.S

• Federal Reserve raised interest rates 

• Dogecoin was a top performer in July off of speculation that Elon Musk would add Dogecoin as a payment option on Twitter

• Ongoing Bitcoin ETF speculation - will they be approved? how will this impact the market?

Nutty’s Takeaway: Clearly Bitcoin has run out of steam and needs something to give it that little nudge to kickstart the bull run. Thankfully there are two major events coming up.. The Bitcoin halving and the ETF filings getting approved. It’s no secret. We believe these two events will explode Bitcoin’s price 🚀

CRACKING CRYPTO 🥜

TRIVIA TIME ✍️

What day is celebrated in the crypto world as Bitcoin Pizza day?

• A) October 10th

• B) January 1st

• C) April 25th

• D) May 22nd

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: D) May 22nd 🎉

On May 22, 2010 Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John’s pizza’s

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.