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- 🥜 Real Estate vs Bitcoin
🥜 Real Estate vs Bitcoin
PLUS: ETF marketing war heats up
GM to all 42,354 of you. Crypto Nutshell #223 floatin’ over. 🐋 🥜
The crypto newsletter that's less daunting than a family's struggles in the criminal underworld... 👨👩👧👦💰
What we’ve cooked up for you today…
📽️ BlackRock levels up
🏡 Real estate vs Bitcoin
📈 Just the beginning
💰 And more…
MARKET WATCH ⚖️
Prices as at 2:07am ET
Only the top 20 coins measured by market cap feature in this section
BLACKROCK LEVELS UP 📽️
BREAKING: BlackRock wants to project Bitcoin ETF ads onto former bank buildings
BlackRock has proposed a campaign that would see Bitcoin ETF ads projected onto the sides of buildings.
The filing describes the campaign as:
“The IBIT Signal is an animation designed to be projected onto the facades of former financial institutions in New York City, Miami, and Los Angeles.”
The projection features a storyboard that goes over notable events such as:
The launch of the first stock market in the U.S
The launch of the first mutual fund in the U.S
The launch of the first Gold ETF in the U.S
The launch of Bitcoin
And finally the launch of the Bitcoin ETFs in the U.S
It is unclear exactly what building BlackRock intends to display this advertisement.
But one thing is for sure - the Bitcoin ETF marketing war is well and truly heating up. 🔥
A couple of days ago Google updated it’s advertising policies.
These updates allow the newly launched Bitcoin ETFs to be advertised on Google’s platforms.
This is a BIG deal.
In case you’re unaware, Google previously imposed a ban on all crypto related advertisements back in 2018.
Who could’ve imagined a world where the biggest financial institutions in the world are marketing Bitcoin? 🌎
TOGETHER WITH THE PHENOM CRYPTO ♟️
One reason we love crypto? The returns. 😍
In a bull market? No other asset can compete. It’s not uncommon to see 5x, 10x or even 100x plus returns.
With the Bitcoin Halving coming up, the next crypto bull-run is just around the corner.
That’s why we read The Phenom Update.
They share the best kept secrets on the latest DeFi & small-cap crypto trends. 🤫
The best part?
Just like us, they’re completely free.
Slam that big subscribe button and it’ll automatically add you to their list.
If you’re not a fan, you can always unsub. Nothin’ to lose. 🎉
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REAL ESTATE VS BITCOIN 🏡
Should you invest in real estate or Bitcoin?
Which is the superior asset? 🤔
Perhaps you’ve heard the old adage:
“House prices double every 10 years.”
Another interesting statistic:
Over the last two centuries, it's estimated that 90% of the world’s millionaires were created from real estate.
Real estate seems like a no-brainer.
Right?
Let's crunch the numbers.
Real estate prices across the western world have essentially gone straight up since 2008.
In dollar terms, that is.
Twitter user, Jono Spears, did something fascinating.
He charted the median house price in Australia, over time.
But instead of using dollars as the denominator, he used Bitcoin.
Why use Australian house prices?
Australian house prices have increased the most since 2008.
In fact, of all cities in the world, Australia’s two major cities (Sydney & Melbourne) now rank in the top 10 of the least affordable housing markets.
So, Australian house prices are a great measuring stick for real estate.
The result of Australian house prices denominated in Bitcoin?
Essentially straight down.
Investor Fred Krueger made a great point:
“Millennials are upset that Boomers bought houses in the 1970s for $40K USD, which are now worth $1 Million, 50 years later. The same Millennials aren't lining up to buy Bitcoin at $40K, which will probably get to $1 Million in only 10 years.”
So, real estate vs. Bitcoin?
If you believe the trend will continue (like us), the answer is clear.
Real estate has traditionally been the safe bet.
Now there’s a new kid on the block.
From an investment perspective…
Bitcoin is king. 👑
JUST THE BEGINNING 📈
Time to take a look at the Market Value to Realized Value (MVRV) Z-Score.
This metric simply answers the question, is Bitcoin overvalued or undervalued?
This is done by comparing the market value to the realized value.
Market Value (Market cap): current price of Bitcoin multiplied by the circulating supply
Realized Value: similar to market value, but uses the price at which each coin last moved instead of the current price
A market top (red zone) is categorised by market value being significantly higher than the realized value.
A market bottom (green zone) is categorised by market value being significantly lower than the realized value. (also the best time to scoop up cheap Bitcoin)
Going off of the MVRV ratio, the best time to buy Bitcoin this cycle was between June 2022 and January 2023. (MVRV was in the green zone for this duration)
Since January 2023 it’s only been trending upwards. 📈
However, MVRV has slightly declined since the launch of the Bitcoin ETFs.
Which makes sense as we experienced a ~18.5% drawdown…
But as you can see from the chart above, Bitcoin is nowhere near the red zone. (meaning it’s no where near overvalued)
We’ve still got a long way to go this upcoming bull run.
Bitcoin’s just getting started. 😎
CRACKING CRYPTO 🥜
Coinbase CLO slams SEC’s barebones response in rulemaking petition case. Coinbase CLO Paul Grewal criticized a minimalistic legal filing from the U.S. Securities and Exchange Commission (SEC) on Jan. 30.
Ripple chairman Chris Larsen hacked for reported 213M XRP worth approximately $112.5M. Ripple Chairman Chris Larsen's personal accounts were hacked.
Fed holds interest rates, Powell says sticky inflation would delay future cuts. The rate hike pause marks the Federal Reserve's fourth since consecutively raising interest rates from March 2022 to July 2023.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE
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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”)
Which Bitcoin ETF currently has the largest amount of assets under management? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: D) Grayscale GBTC 🥳
Currently GBTC has the largest amount of assets under management at $21 billion. This is due to Grayscales GBTC converting from a Bitcoin trust to an ETF. (it’s technically been around way longer than the other Bitcoin ETFs)
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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
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