GM to all 12,937 of you. Crypto Nutshell poppin’ in. 🎉 🥜

We’re the crypto newsletter that's as heart-warming as a young boy's journey to befriend an extra-terrestrial stranded on Earth... 🌌👽

Today, we’ll be going over:

• 😠 He can’t keep getting away with it!

• 🤑 Don’t be a loser, buy Bitcoin

• 💪 September curse broken

• 💰 And more…

MARKET WATCH ⚖️

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

HE CAN’T KEEP GETTING AWAY WITH IT 😠

JUST IN: US government avoids shutdown with 45-day stopgap bill approved by Congress hours before funding expires

Two days ago we spoke about the SEC delaying the Bitcoin ETFs. The reason for this decision was the looming US Government Shutdown.

The shutdown would have left the SEC with ~20% of it’s staff. Not enough to go through the approval process… according to Gary Gensler…

The actual decision deadline for BlackRock’s ETF was 17 October.

Was the SEC too hasty in once again delaying the Bitcoin ETFs with the shutdown as an excuse?

We think so.

Anyway, we carry on.

The next decision deadline for these ETFs falls on 15 January 2024.

And if the SEC chooses to delay again, they must make a decision by 15 March 2024 (the final decision deadline).

TOGETHER WITH REKT RADAR 💣

Crypto is like the wild west of investing. 🤠 

It’s not uncommon to see 10x, 50x or even 100x plus returns in a bull market.

As much as we love Bitcoin & Ethereum, unfortunately they’re most likely not going to pull a 100x next bull run. They’ve gotten too big.

The next 100x gem is most likely going to come from a coin you’ve never heard of before.

The problem? There’s literally thousands upon thousands of coins.

That’s why we read Rekt Radar.

Think of it like the Crypto Nutshell, but for DeFi: They share the best kept secrets on the latest DeFi & smaller crypto gems.

The best part?

Just like us, they’re completely free.

Smash that subscribe button and it’ll automatically add you to their list.

Future you will thank you. ❤️

DON’T BE A LOSER, BUY BITCOIN 🤑

Robert Kiyosaki believes that you shouldn’t be concerned with the price of Bitcoin. What should you be concerned with?

How much Bitcoin you have. 🧘 

Kiyosaki is a real OG. He’s the author of the best selling personal finance book of all time: Rich Dad Poor Dad. ✍️

Last week, Kiyosaki responded to investors questioning him on the future price of gold, silver & Bitcoin. This is what he had to say:

Kiyosaki followed that up by telling investors how to be winners, not losers.

Kiyosaki’s actual Bitcoin price prediction? Here’s his 2025 outlook:

Bottom Line: Although his Bitcoin prediction is probably too optimistic, he’s directionally correct.

What’s cool is seeing one of the biggest influencers in finance be so bullish on Bitcoin.

Kiyosaki is 76 and is converting the generation with the least adoption (baby boomers) into Bitcoiners. 😎

SEPTEMBER CURSE BROKEN 💪 

Despite the SEC’s continued postponement of multiple ETF applications, Bitcoin finished September on top.

Absolutely no one was expecting this. September has historically been one of Bitcoin’s worst performing months.

BUT, we closed the month with a price increase of ~4% (not the biggest increase but bucking the negative trend is still significant).

This is the first positive September we’ve seen since 2016…

AND also the first positive month since June this year.

These September results are promising but let’s zoom out a little.

Across Q3 of 2023 Bitcoin saw a decrease in price of 11.54%. The first negative quarter of the year. 😲

Looking ahead to the rest of the year, investors are optimistic about October…

In fact, it’s been dubbed “Uptober” by many.

October is historically one of Bitcoin’s best performing months. The last 4 years have been nothing but green for October.

Take another look at the monthly returns table...

The last 2 times that September was positive: October, November and December were also positive…

Bottom Line: History doesn’t repeat itself but it often rhymes…

We’re expecting a BIG Q4 for Bitcoin. 😎

CRACKING CRYPTO 🥜

WHAT WE’RE READING ✍️

Want to get even smarter? Check these out.

p.s. all completely FREE

CAN YOU CRACK THIS NUT? ✍️

Which cryptocurrency uses the Lightning Network?

• A) Ethereum

• B) Bitcoin

• C) BNB

• D) Dogecoin

Find out the answer at the bottom of “Meme Corner” below 😀

MEME CORNER 😂

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

Trivia Answer: B) Bitcoin 🥳 

The Lightning Network is a second layer for Bitcoin that uses micropayment channels to scale the blockchain’s capability and handle transactions more efficiently and more cheaply.

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HOW DID WE DO? 🤷 

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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.