Together with

GM to all you crypto nuts. Crypto Nutshell #454 chargin’ it up…  🪫🥜

We're the crypto newsletter that's more daring than diving into the dreams of others... 🌀💤

What we’ve cooked up for you today…

• 🏦 How important is the crypto vote?

• 👀 This has never happened before…

• 📉 We’ve been here before

• 💰 And more…

MARKET WATCH ⚖️

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

HOW IMPORTANT IS THE CRYPTO VOTE? 🏦 

BREAKING: New Survey Highlights the Influence of Pro-Crypto Voters in the U.S. Election

As the crypto industry continues to grow, the support of crypto voters is becoming increasingly important.

Currently Donald Trump has clearly positioned himself as the pro-crypto candidate.

Whilst Kamala Harris has only briefly mentioned digital assets.

A new survey commissioned by Consensys (MetaMask) has revealed that 92% of crypto owners plan to vote.

This survey polled the following samples:

• 1,664 registered voters nationally

• 1,774 registered voters from Pennsylvania

• 1,712 registered voters from Michigan

• 1,594 registered voters from Wisconsin

• 1,512 registered voters from Texas

Let’s break down some of the highlights.

1. Neither Party has a monopoly on crypto voters

This one’s pretty surprising…

When asked:

Which party do you trust more to set policies for the crypto industry?

Things were tighter than we would expect.

40% trust the republicans compared to 38% who trust the Democrats. Whilst 23% were unsure.

2. Pro-crypto policies have the power to sway voters

40% of voters would consider crossing party lines if a candidate expressed pro-crypto views.

And 49% of survey participants believes it’s key for their go-to candidate to be all in on pro-crypto policy.

56% are excited about Trump’s pro-crypto stance. With 1/3 saying it makes them more likely to tick his name on the ballot.

54% think Kamala Harris needs to outline her crypto game plan.

3. The US Government isn’t doing enough

If you’ve been reading Crypto Nutshell for any amount of time, this ones a little obvious…

40% of voters believe the US government isn’t doing enough to support the growth of the crypto industry.

From this survey, it’s clear that being pro-crypto is a key strategy for winning over these voters.

(You’re not going to win any voters over by being anti-crypto…)

But things are currently SUPER tight in the election race.

Polymarket has Trump winning by just 1.5%.

But we want to hear from Crypto Nutshell readers.

Who do you think will win the 2024 presidential election?

The last time we ran this poll (2 weeks ago), over 80% of you believed Trump will clinch the victory!

Results will be revealed in tomorrows newsletter.

Let’s see if anything has changed…

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THIS HAS NEVER HAPPENED BEFORE 👀

What’s up with this sideways bull market?

For the past 8 months in a row, Bitcoin has closed between $60,000 and $70,000.

Bitcoin has never traded sideways for this long in a bull market.

So what gives?

That’s what PlanB answered in his latest update.

PlanB is the anonymous on-chain Bitcoin analyst behind the Stock-to-Flow model.

In his latest update to investors, he broke down why Bitcoin has been going sideways for so long.

First off, this sideways price action is unprecedented for a Bitcoin bull market:

Plan B believes the explanation is actually really simple.

It’s something we’ve been prattling on about over & over.

There’s a dark cloud of uncertainty hanging over the market… ⛈️

The reason for the sideways price action is the U.S Election. 🇺🇸

As outlined above, the U.S Election is going to have huge ramifications on the trajectory of crypto.

It makes sense that whales are waiting on the sidelines to see what happens. 🐳

The good news?

Less than a month to go until all this uncertainty is cleared.

Here’s how Plan B believes the next few months will play out for Bitcoin:

• October - Bitcoin will move above $70,000

• November - Trump victory and Bitcoin new all-time highs

• December - Massive ETF inflows, Bitcoin to $150,000

Not long to go now…

WE’VE BEEN HERE BEFORE 📈

We’ll keep this part short and sweet for your Sunday morning.

We all know that Bitcoin goes through a 4-year cycle.

That crazy part is that these cycles often closely track each other…

Especially when you compare price performance from cycle lows, which is what we’ll be doing today.

And yes… We know that history isn’t a perfect indicator of future performance but it’s still a valuable tool to look at.

Here’s how to interpret the chart above:

• 🔵 2015 to 2018 cycle

• 🟢 2018 to 2022 cycle

• ⚫️ Current cycle

And look well these cycles line up.

It’s almost kinda scary…

However…

With the recent dip we saw at the start of the week, this cycle is actually just underperforming both 2018 and 2022. 😥

(It was outperforming 2022 before this dip took place)

But we’re almost at the point where both the 2018 and 2022 cycles went vertical. 🚀 

Not long to go now…

CRACKING CRYPTO 🥜

Bitwise shifts Bitcoin, Ethereum futures ETFs to dynamic crypto and treasuries strategy. Asset management firm Bitwise revamps three Bitcoin and Ethereum futures ETFs with treasuries rotation strategy.

'Ancient' Bitcoin whale moves more BTC mined from 2009. The mysterious Bitcoin whale has now sent $3.58 million worth of Bitcoin to Kraken’s crypto exchange.

Coinbase to Delist Unauthorized Stablecoins in EU by December. Tether, which is the largest issuer of stablecoins, doesn't have the necessary e-money license yet in the European Union.

Experts weigh in on what a Trump or Harris presidency could mean for the crypto industry. With the U.S. presidential election just a month away, the crypto industry is watching closely to see how a Trump orHarris administration might shape the market.

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

• Crypto Pragmatist (link) - Actionable alpha 3x a week

• 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”)

MEME CORNER 😂

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

Trivia Answer: A) 10 minutes 🥳

Bitcoin adds a new block to the ledger about once every 10 minutes.

GET IN FRONT OF 64,000+ CRYPTO INVESTORS

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Get in touch today.😎

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 🍪)

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.