- Crypto Nutshell
- Posts
- 🥜 Time to stack
🥜 Time to stack
PLUS: Lingering uncertainty
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GM to all of you nutcases. It’s Crypto Nutshell #588 flyin’ over… 🦅🥜
We're the crypto newsletter that's more action-packed than swinging through New York in a red and blue suit... 🕷️
What we’ve cooked up for you today…
📉 All in
🥞 Now’s the time to stack
😨 Lingering uncertainty
💰 And more…
Prices as at 5:40am ET
ALL-IN 💰️
BREAKING: Trump Family Enters Bitcoin Mining With New Venture, American Bitcoin
The Trumps are literally all-in when it comes to crypto…
According to reports, the Trump family just launched a massive Bitcoin mining company in partnership with publicly traded crypto miner Hut 8 (market cap: ~$1.2B).
Eric and Donald Trump Jr. are merging their firm, American Data Centers, with a new mining venture called American Bitcoin.
The Trumps will own 20% of the company. Hut 8 takes the remaining 80%, contributing over 60,000 mining machines. (No cash changed hands in the deal)
According to the press release, the goal is ambitious:
“[American Bitcoin] aims to become the world’s largest, most efficient pure-play Bitcoin miner while building a robust strategic Bitcoin reserve.”
Donald Trump Jr. added:
“Simply buying Bitcoin is only half the story. Mining it on favourable economics opens an even bigger opportunity. We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth.”
Eric Trump also commented on the announcement:
“This partnership combines Hut 8’s proven operational excellence in data centers with our shared passion for Bitcoin and decentralized finance.”
Hut 8 CEO Asher Genoot called the move a “pivotal evolution” for the company:
“It evolves Hut 8 toward more predictable, financeable, lower-cost-of-capital segments and establishes American Bitcoin as a pure-play mining platform built for exahash growth, Bitcoin production, and operating leverage.”
It’s wild that the Trump’s are going this hard on crypto…
Since Trump’s return to office we’ve had numerous pro-crypto policies/developments including:
Signed an executive order to create a national strategic crypto reserve
Pardoned the BitMEX co-founders
Removed Tornado Cash from the Treasury’s sanctions list
Launched World Liberty Financial, a DeFi protocol on Aave
Introduced a USD-backed stablecoin (USD1)
Partnered with Crypto.com to launch crypto ETFs
The list goes on…
No matter what you think about them…
The Trump family is clearly very serious about Bitcoin and crypto.
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NOW’S THE TIME TO STACK 🥞
Despite this year’s price action, Tom Lee’s still bullish-— and then some.
The Fundstrat legend just jumped back on CNBC and dropped a fresh wave of insights on markets, inflation, and of course… Bitcoin.
Here’s what you need to know 👇
For those of you who don’t know Tom Lee, here’s a quick rundown on some of his credentials:
Head of Research at Fundstrat Global Advisors
CIO of Fundstrat Capital
Over 25 years of experience in equity research
Ranked top analyst by Institutional Investor every year since 1998
The guy’s got serious weight behind his calls.
First things first - Tom cleared up whether or not he believes we’ve seen the bottom for Bitcoin.
Unsurprisingly - Lee believes yes.
Despite market jitters heading into April, he sees signs of capitulation & oversold conditions.
“We know that investors have had a lot of de-risking... and this week, I think we’ve got the right pieces for a bottom.”
Secondly, Lee reaffirmed his stance: Bitcoin is still the best asymmetric investment of 2025.
Lee’s doubling down — it remains the top play:
“Bitcoin seasonally wasn’t going to be attractive until after March… and now we’re exiting March. Plus, the Fed’s dovish, QT’s ending, and there are positive tailwinds from Washington.”
His year-end target?
Still $150,000+.
Markets are shaky right now, but overall, Lee sees strength under the surface:
Oversold equities
A potentially dovish Fed
A seasonal pivot for Bitcoin
$150K still on the table by year-end
Now’s the time to be stacking. 🥞
LINGERING UNCERTAINTY 😨
The inflow streak is building…
For the second week in a row, digital asset funds saw inflows totalling $226 million.
That makes 9 consecutive days of inflows following the largest outflows on record.
(Though Friday broke the streak with a minor outflow of $74 million.)
Let's break it down.
Bitcoin pulled in $195 million in inflows for the week.
And after four brutal weeks of altcoin outflows totaling $1.7 billion, capital finally returned - with $33 million in total altcoin inflows. (It’s a start…)
Top altcoin winners:
Ethereum: +$15 million
Solana: +$7.8 million
XRP: +$4.8 million
Sui: +$4 million
Regionally, the U.S. once again dominated with inflows of $203.6 million.
This positive sentiment was also seen in Switzerland (+$14.7m), Germany (+$9.2m), and Canada (+$4.1m).
Meanwhile, Sweden (-$6.8m) and Hong Kong (-$2.1m) remained in outflow territory.
While inflows are encouraging, momentum slowed - with this week’s total less than half of the previous week’s.
Why?
Likely due to hotter-than-expected PCE inflation data, which spooked markets and signalled that the Fed may stay hawkish despite signs of economic weakness.
As we explained yesterday…
Uncertainty still haunts the markets…
CRACKING CRYPTO 🥜
Elon Musk confirms ‘no plans’ for Dogecoin leading to 6% drop underperforming market. Despite potential ETF launches, Dogecoin struggles as Musk clarifies there's no federal adoption plan.
Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchase. Michael Saylor’s Strategy bought 22,000 BTC for nearly $2 billion despite concerns over Trump’s April 2 tariff announcement and rising market uncertainty.
Circle Hires JPMorgan, Citi With Plan to File IPO in Late Apri. The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.
Japan mulls officially classifying crypto as financial product. The country reportedly aims to add regulations on crypto-related companies following a rise in scam reports.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
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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”)
In what year did China ban Bitcoin mining? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: 2021 🥳
China first banned Bitcoin mining in 2021.
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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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