- Crypto Nutshell
- Posts
- 🥜 The world's biggest podcast just mentioned Bitcoin...
🥜 The world's biggest podcast just mentioned Bitcoin...
PLUS: Investment Banks want Bitcoin
GM to all 13,599 of you. Crypto Nutshell enterin’ the arena. ⚔️ 🥜
The crypto newsletter that's as charming as a chef rat taking over a prestigious restaurant in Paris... 🐭🍽️
Today, we’ll be going over:
🏦 The institutions are coming
📈 The Joe Rogan signal
🤓 Smart money moves
🤑 And more…
MARKET WATCH ⚖️
Prices as at 5:30am ET
Only the top 20 coins measured by market cap feature in this section
INSTITUTIONS ARE COMING 🏦
BREAKING: Jefferies calls Bitcoin “critical hedge” against inflation
Top global investment bank Jefferies put out an interesting note to shareholders. The bank advised long-term investors to allocate 10% of their portfolios to Bitcoin.
This is another HUGE milestone for Bitcoin. Institutional adoption has been growing. Now Bitcoin is recognised as an asset for well-diversified portfolios. 🤑
Christopher Wood, global head of equity strategy at Jefferies had this to say:
“Failure to exit from unorthodox monetary policy in a benign manner is likely to culminate in the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of Bitcoin,”
Wood also mentioned that investments in both BTC and gold should be regarded by investors as insurance rather than short-term trades.
One of the juicier points from the note was that Jefferies made this move “on the view that Bitcoin has now become investible for institutions, with custodian arrangements in place for digital assets, and represents an alternative store of value to gold.” 👀
This is only the beginning. The institutions have arrived. 🌊
Can you imagine the impact BlackRock will have once their ETF is approved?
For the full article click here.
TOGETHER WITH DONTGETGOT 🚓
Did you know that cybercrime is set to cost the world $10.5 Trillion annually by 2025?
In fact, cybercrime is becoming so frequent, that a cyber attack occurs every 39 seconds in the United States. 😳
In this day and age, you’ve got to be aware of Phishing scams, Cryptojacking, Identify Theft, the list is endless.
That’s where DontGetGot steps in:
Alerts you to the latest scams so you stay protected 🚨
How to secure your accounts from potential hackers 🧑💻
Delivered straight to your inbox every week in a 3 min read 📨
The best part? They’re also completely FREE just like us.
Subscribe now by destroying that big subscribe button below, there’s really nuttin’ to lose. 🥜
|
THE JOE ROGAN SIGNAL 📈
Today’s expert of the day isn’t specifically a crypto expert…
But he does run the largest podcast in the world. So when Joe Rogan mentions Bitcoin, it’s best we pay attention. 👀
This past Friday, Joe Rogan hosted Sam Altman, the CEO of OpenAI (company that built ChatGPT).
The topic of Bitcoin came up and this is what Joe had to say:
“The real fascinating crypto is Bitcoin. That’s the one, I think, that has the most likely possibility of becoming a universal, viable currency.”
That’s a huge stamp of approval from the worlds biggest podcast. 👍
What’s more was Sam Altman’s response:
“I’m excited about Bitcoin too. I think this idea that we have a global currency that is outside the control of any government is a super logical and important step.”
Now this is anecdotal, but we have a name for this:
The Joe Rogan signal.
We’ve noticed that Rogan starts mentioning Bitcoin more and more right before bull-runs. We definitely saw this in 2020 with Rogan bringing up Bitcoin many times.
Whether you’re a fan of Rogan or not, one thing is undeniable. Two extremely successful men backing Bitcoin on the world’s largest podcast is incredibly bullish.🐂 🌍
SMART MONEY MOVES 🤓
The amount of Bitcoin held by long-term holders (LTH) shows no sign of slowing down. 🏎️
A LTH is anyone that has held their Bitcoin for longer than 155 days. If you’re wondering what the significance of 155 days is, check out this article by Glassnode.
As of today, 14,850,959 Bitcoin is in the hands of LTHs. 💎🙌
To put this into perspective, the circulating supply of Bitcoin is only 19,507,143…
Key takeaways from this data:
Continues to break all-time highs: This metric always trends up during bear markets
Dominance of LTHs: 76.13% of the total Bitcoin supply is now in the hands of long-term holders
Smart money moves: Major sell-offs in LTH supply line up perfectly with all-time highs. Long-term holders take profits as the price approaches new highs
New HODLers: LTH supply always rises after a major sell-off. As Bitcoin becomes more mainstream a new generation of HODLers joins
Long-term holders are anticipating two MAJOR events coming up for Bitcoin:
Spot Bitcoin ETF approvals
The Bitcoin Halving
The Bitcoin ETFs are set to unleash a wave of capital onto the Bitcoin market. And riding those waves will be the institutions (BlackRock, Fidelity, VanEck etc).
The Bitcoin Halving is only 6 months away and will cut the amount of newly issued Bitcoin in half.
Bottom Line: The smart money is accumulating, anticipating higher prices for Bitcoins future.
The Bitcoin ETFs are a BIG deal. Combined with the hype the Halving brings, 2024 is going to be fun. 😎 🚀
CRACKING CRYPTO 🥜
WHAT WE’RE READING ✍️
Want to get even smarter? Check these out.
p.s. all completely FREE
|
|
|
CAN YOU CRACK THIS NUT? ✍️
What is a private key?
A) Your wallet password
B) An alias for your Bitcoin address
C) Your Bitcoin username
D) A string of letters and numbers that lets you spend your Bitcoins in a wallet
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: D) A string of letters and numbers that lets you spend your Bitcoins in a wallet 🥳
To learn more click here.
GET IN FRONT OF 13,000+ CRYPTO INVESTORS
Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.
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 🍪)
What did you think of today's Newsletter?don't worry, you won't hurt our feelings... 🥲 |
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.
Reply