GM. Crypto Nutshell comin’ at ya! 🫶 🥜

The crypto newsletter more dependable than a man dressed as a bat, protecting his city from crime... 🦇🌃

Today, we’ll discuss:

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

Have you been feeling down about crypto recently? 😪

Yeah?

Well that’s perfectly normal at this point in the cycle.

It’s worth taking a look at the chart below. Do you see the pattern? Bitcoin’s history is repeating! We’ve seen this exact same scenario play out 2 times in the past. Going off this chart it appears that now would be the absolute worst time to sell your Bitcoin…

Popular online analyst Will Clemente, the founder of Reflexivity Research summed up this lull period perfectly.

This is literally the bottom. The worst it’ll be. 😥

But there’s two major catalysts coming up (discussed in following sections) which will have enormous impacts on Bitcoins price.

Can you guess what they are?

Want to get even smarter in Crypto before the bull run? Check these out.

p.s. both completely free

Cathie Wood has never before had so much belief in Bitcoin. 🐂

This week, Cathie Wood appeared on The Raz Report. She got asked about her conviction in Bitcoin & if she had a price prediction for next year.

Cathie says she has never had more conviction than at this moment.

Although she didn’t have a price prediction for 2024, Cathie’s 5-7 year forecast was $650,000 - $1,300,000. 🚀

Also revealed, was that Cathie believes the entire crypto asset class is going to go from $1 trillion to $25 trillion, with Bitcoin making up over half of that.

What will be the cause of such a meteoric rise? 🤔

Cathie laid out 3 reasons:

Good to see Cathie is still as excited about Bitcoin as when she first bought it back in 2015. 💪

Bitcoin has been leaving exchanges at a constant rate since March 2020. Can you believe that Percent Balance on Exchanges is at a 5 year low?

In the past, during bear markets we’ve always seen the number of coins on exchanges go up. But this time is looking a little different…

The bear markets of 2015 and 2018 saw coins being sent to exchanges for sale, to exit positions. But this time we’ve seen the opposite. Only 11.67% of the available supply remains for sale on exchanges. 🤯

But another enormous catalyst is just around the corner…

The Bitcoin Halving is ~224 days away. The Halving is a MASSIVE event for the Bitcoin ecosystem due to the decrease in supply. 📈

BUT… there’s another HUGE catalyst poking it’s head around the corner.

The largest asset manager in the world wants in on Bitcoin. We’re talking about BlackRock’s Bitcoin ETF. The big money is coming.

The narrative has changed. This time is different. ⌛

Are you ready? 🚀

In June 2022, who said that cryptocurrencies are "100% based on greater fool theory"?

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

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

Trivia Answer: B) Bill Gates 🥳

Microsoft co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100% based on greater fool theory.”

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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.