🥜 The Big Dogs

PLUS: Saylor's latest call

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GM to all of you nutcases. It’s Crypto Nutshell #579 callin’ shots… 📞🥜

We're the crypto newsletter that's more unpredictable than a suburban dad leading a double life as a ruthless kingpin... 🧪💊

breaking bad

What we’ve cooked up for you today…

  • 💰️ Here they come

  • 🌊 The tide has turned

  • 💪 Strong hands

  • 💰 And more…

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market data

Prices as at 3:40am

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HERE THEY COME 💰️

BREAKING: Coinbase study finds over 75% of institutional investors to increase crypto exposure

bitcoin

Crypto is no longer a niche asset class.

According to a new study from Coinbase and EY-Parthenon, 83% of institutional investors plan to increase their crypto allocations in 2025.

This study, based on 352 institutional investors, included a mix of those already invested in digital assets and those yet to enter the market.

Let’s go over the key takeaways:

1. Allocations are set to rise

83% of institutional investors plan to increase their crypto exposure this year.

And 59% of investors aim to allocate more than 5% of their AUM to crypto in 2025.

2. Stablecoins are being used

84% of investors are already using or considering stablecoins.

But their utility extends beyond just crypto transactions:

  • Generating yield: 73%

  • Foreign exchange: 69%

  • Internal cash management: 68%

  • External payments: 63%

3. What about Altcoins?

73% of institutional investors hold cryptocurrencies beyond Bitcoin and Ethereum.

XRP and Solana emerged as the most common altcoin holdings among surveyed firms.

68% of investors are interested in altcoin ETFs, pending SEC approvals.

Challenges remain

While optimism is high, institutions still see major hurdles:

  • Regulatory clarity was cited as the top concern (52%).

  • Volatility (47%) and secure custody (33%) remain significant challenges according to investors

Whilst 68% of investors believe that regulatory developments (especially under the Trump administration) will be the next major growth catalyst for the industry.

2024 was just YEAR ONE of large-scale institutional involvement in crypto.

The launch of Bitcoin ETFs unlocked a wave of institutional capital.

And it’s only just getting started.

More on this in the next section…

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THE TIDE HAS TURNED 🌊

Just a few years ago, mentioning Bitcoin to the world’s elites would’ve gotten you laughed out of the room.

These days? Michael Saylor is pitching Bitcoin to the wealthiest investors on the planet.

The tide has truly turned.

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In his most recent interview, Saylor broke down that he’s been busy.

Like, really busy.

Recently, he attended an exclusive dinner in Miami, surrounded by fellow billionaires & sovereign wealth fund representatives.

There, Saylor made one thing clear - Bitcoin is unstoppable:

“Bitcoin is going from $200 billion to $2 trillion to $20 trillion to $200 trillion.”

Michael Saylor

These weren’t just any investors.

Who was in the room?

  • The chairman of Saudi Aramco (who oversees a $100B fund).

  • 50+ Middle Eastern sovereign wealth funds.

  • 150+ billionaires.

  • A collective net worth in the tens of trillions.

This wasn’t a retail conference. It was the perhaps most high-powered investment meeting in Miami.

Here’s why this matters:

For years, Bitcoin wasn’t even on the radar of the richest people in the world.

Now? Michael Saylor is in the room.

  • He’s getting direct invitations to Saudi sovereign wealth fund meetings.

  • He’s flying from Bernstein to Mar-a-Lago to meet the world’s top investors & U.S government.

  • He’s telling billionaires exactly what’s coming.

Bitcoin’s adoption curve isn’t slowing down – it’s accelerating.

The world’s wealthiest investors are now hearing the case for Bitcoin firsthand.

Saylor’s message to them? Get in now.

Are you ahead of the smartest & richest investors in the world? 🫵

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STRONG HANDS 💪

Let’s check in on one of our go-to metrics: Bitcoin’s supply last active 1+ years ago.

It’s super simple but incredibly powerful.

This metric simply tracks how much BTC has stayed dormant as a percentage of the circulating supply.

  • Metrics rising: long-term holders are accumulating coins 📈

  • Metrics declining: long-term holders are selling coins 📉

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Here’s the breakdown for each cohort (compared to what it was 2 weeks ago):

  • 🔴 Supply last active 1+ years ago: 62.60% (up from 62.12%)

  • 🟠 Supply last active 2+ years ago: 52.83% (up from 52.73%)

  • 🟢 Supply last active 3+ years ago: 45.36% (down from 45.37%)

  • 🔵 Supply last active 5+ years ago: 30.68% (up from 30.58%)

Outside of a tiny dip in the 3+ year cohort, all other bands have increased, meaning more BTC is staying locked away.

62.60% of Bitcoin’s supply has remained untouched for over a year.

Let that sink in - despite weeks of shaky price action, holders aren’t selling.

For context: At Bitcoin’s 2021 bull market peak, this metric was much lower, meaning fewer investors were holding through volatility.

Bitcoin is in strong hands.

Long-term holders are not panic selling, and supply is tightening at a steady pace.

If history tells us anything, this level of conviction has often preceded Bitcoin’s biggest rallies.

CRACKING CRYPTO 🥜

Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi. Crypto community criticizes Solana's video ad for political undertones and diversion from tech innovation focus.

Michael Saylor's Strategy Funding More Bitcoin Purchases With New Preferred Stock. The world's largest corporate holder of bitcoin is looking to raise around $500 million in an offering of Perpetual Preferred Strife Stock.

CME traders show 'little interest' in Solana futures debut, potential ETF likely to have less impact on SOL price. The analysts expect a softer impact on the underlying price of SOL from any potential Solana ETF launch.

‘We are worried about a recession,’ but there’s a silver lining — Cathie Wood. Despite recent volatility in crypto and traditional markets, “long-term innovation wins,” Wood said as she doubled down on ARK’s long-term bets.

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) - Daily Bitcoin news

  • Techpresso (link) - Daily tech news and insights

  • 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”)

What hash function does Bitcoin use?

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MEME CORNER 😂

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

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Trivia Answer: SHA-256 🥳

The SHA-256 function that Bitcoin uses is short for “Secure Hash Algorithm” and was designed by the United States National Security Agency (NSA)

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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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