GM and welcome to The Crypto Nutshell! 🫶 🥜 

The crypto newsletter that's more endearing than waking up as a little clown fish, ready to cross the ocean for your son 🐠🌊 

Today, we’ll discuss:

• Recapping the last 24 hours in the world of crypto 🌏

• This is why you are POOR 🤑

• Ethereum’s supply dynamics 💰

• And more…

MARKET WATCH ⚖️

BTC Dominance is currently at 50.43% and the current crypto market cap is $1.17T  ▼0.05%

Biggest Winners of The Day 🤑

• Toncoin (TON) ▲9.67%

• Solana (SOL) ▲0.67%

• Chainlink (LINK) ▲0.53%

Biggest Losers of The Day 😭

• Shiba Inu (SHIB) ▼2.53%

• Cardano (ADA) ▼1.19%

• Dogecoin (DOGE) ▼0.99%

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

All price data as of 8:25am ET

TRUMP’S SECRET CRYPTO WALLET 🤫

JUST IN: Former US President Trump holds $250,000 in Ethereum, financial records reveal.

2 years ago Trump had this to say about Bitcoin and cryptocurrencies.

“Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar. Essentially, it is a currency competing against the dollar. I want the dollar to be the currency of the world, that’s what I’ve always said.”

So what happened?

NFT’s happened.

Trump created an NFT collection in 2022 that featured various cartoon versions of himself. This collection raked in a whopping $8.9 million. 😲

Thanks to the proceeds from the NFT sale, it’s been revealed that Trump is the holder of $250,000+ worth of Ethereum.

How times change…

EXPERT OF THE DAY 💰

Today’s expert of the day is the best selling personal finance author - Robert Kiyosaki.

If you haven’t heard of Robert Kiyosaki, you may know him from his book - Rich Dad Poor Dad, which has sold over 40 million copies world wide. 🌎

If you haven’t read it, we can vouch that it’s a great read and a perfect introduction to understanding personal finance fundamentals. 

In a radio show this week, Kiyosaki revealed the ONE thing that’s keeping the majority of the people poor.

That one thing?

Trying to save yourself rich and saving FAKE money. 😳 

You see - Kiyosaki has never been a fan of the US dollar. He argues that ever since 1964, the United States has been “screwing the world” by pumping out fake money.

This isn’t coming from anybody either - Kiyosaki loves America and has fought for the country twice as a US Marine.

Why is the U.S dollar fake money? Because the U.S government & central banks can just print it out of thin air. It’s not backed by anything tangible.

Kiyosaki’s solution? Buy the realest money possible.

His choice? Gold, Silver & Bitcoin.

During the show, Kiyosaki revealed he owns 60 Bitcoin worth $1.75 Million which he bought when Bitcoin was worth $6,000 each.

Whether you like Kiyosaki or not, he has a good message that will benefit a lot of people. With the BRICS currency now on the scene to compete with the U.S Dollar, there is one way you can opt out the system…

Bitcoin. 🤑

Nutty’s takeaway: Here’s an indisputable fact that drives home this key point. Every single fiat currency in the history of humanity has collapsed and was inflated away into nothing.

Now there’s an alternative, a way to safeguard your wealth against the devaluation of the currency. 

Bitcoin. 

ON CHAIN DATA DIVE 📊

A couple of days ago we went over Coin Gecko’s 2023 Q2 Crypto Industry report. We mentioned Ethereum’s supply dynamics are ridiculously good.

Today we’ll be showing you four key charts that really hammer this point home:

• ETH Total Value Staked: The amount of ETH locked away for staking

• ETH Burned Supply: Cumulative sum of ETH removed from the current supply.

• Ethereum Issuance: Total amount of new coins added to the current supply

• Ethereum Circulating Supply: Total amount of coins created minus coins burned (removed forever 😳)

If you unsure what Staking means, checkout this quick video.

As of August 12 the total amount of ETH staked is 28,161,486 ETH 😱

Notice how the amount of staked ETH sharply increased in April 2023. This was due to an upgrade to the Ethereum network known as the Shanghai upgrade. This upgrade allowed long term stakers to finally unstake their ETH if they wanted to. This flexibility in the network gave holders newfound confidence.

Anyway… As of August 12, the total supply of Ethereum is 119,911,323. Which means that roughly 23.49% of the total supply is currently locked away for staking.

The total amount of ETH burned to date is 4,132,152.

Here's an interesting point about Ethereum. The burn rate increases with increased network activity. For example take a look at May 2023 on the chart above. During this time we were going through a bit of a memecoin frenzy. Memecoin season = more activity of the Ethereum network.

The point we’re trying to get across today is that Ethereum is becoming increasingly scarce. The chart above shows us how much ETH is being created each day.

What’s that massive vertical drop in September 2022? 

That’s the effect of the merge, the amount of ETH created each day has reduced by a large margin.

For comparison in 2018 there was ~21,000 ETH created each day. In 2023 that number has fallen all the way down to ~2,100 ETH per day.

The chart above sum’s up everything that we’ve talked about so far today. The rate of ETH burned has been increasing and the rate of new ETH created has been decreasing. These two factors have led to slowed growth of the total ETH supply, visible by the flatness of the supply curve.

Not only has new supply flattened out, it’s actually gone negative. Ethereum is now deflationary, with the supply shrinking by ~0.28% per year.

Nutty’s Takeaway: The supply dynamics of Ethereum are looking great. It’s becoming more scarce every day. We've also seen that a larger percentage of ETH is being locked away for staking. This sounds like a supply shock coming...

There won't be enough supply to match new demand.

CRACKING CRYPTO 🥜

TRIVIA TIME ✍️

In what year was Bitcoin created?

• A) 2011

• B) 2009

• C) 2008

• D) 2010

Find out the answer at the bottom of this newsletter 😀

MEME CORNER 😂

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

Trivia Answer: B) 2009 🎉

Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.

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.