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🥜 Two options
PLUS: The Crypto Summit...
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GM to all of you nutcases. It’s Crypto Nutshell #569 keepin’ it spicy… 🌶️🥜
We're the crypto newsletter that's more unpredictable than a con artist pulling off the biggest score of his life... 🎩💰
What we’ve cooked up for you today…
🏔️ The Crypto Summit
✌️ Two options…
💪 HOLDing on
💰 And more…
Prices as at 2:55am ET
THE CRYPTO SUMMIT 🏔️
BREAKING: Coinbase, Chainlink, Strategy Among Companies Attending Trump's Crypto Summit
In case you missed it, this Friday marks a historic moment:
The White House will be hosting its first-ever Crypto Summit.
President Trump will lead the event alongside Crypto Czar David Sacks and Crypto Working Group Executive Director Bo Hines.
Who’s Attending?
While the official guest list hasn’t been made public, some of the biggest names in crypto have already confirmed their attendance:
Strategy Chairman Michael Saylor
Coinbase CEO Brian Armstrong
Chainlink Co-Founder Sergey Nazarov
Ripple CEO Brad Garlinghouse
Kraken Co-CEO Arjun Sethi
The event is expected to bring together founders, CEOs, and investors to discuss crypto policy, regulation, and the US government’s stance on digital assets.
What’s on the Agenda?
Unfortunately we don’t have the answer to that…
Buuuut - there’s one thing we do know:
The US Crypto Strategic Reserve is going to be a hot topic.
David Sacks himself said “More to come at the Summit” in a tweet regarding the crypto reserve.
On Sunday, Trump announced that the US would establish a national crypto reserve, initially including BTC, ETH, XRP, SOL, and ADA.
This instantly sparked a major debate:
Should the reserve be Bitcoin-only, or should it include other digital assets?
Finger’s crossed more details about the Crypto Reserve are announced this Friday. 🤞
And if they are…
Friday could be an absolutely monumental day for the crypto industry… 👀
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TWO OPTIONS ✌️
With the upcoming U.S. Crypto Strategic Reserve, there are only 2 options the government can take.
That’s the latest message out of Brian Armstrong.
If you don’t know Brian Armstrong, he’s a crypto veteran:
Founder & CEO of Coinbase, the largest crypto exchange in the U.S.
Early Bitcoin adopter, involved since the beginning.
Self-made billionaire, ~$9.4 billion net worth.
His influence on the crypto space is undeniable.
Brian shared his thoughts on the U.S. Crypto Strategic Reserve, stating:
We agree with this take.
A Bitcoin-only reserve is the best option - the simplest & least controversial choice.
A close second would be allocating to an index of crypto assets to avoid selectively picking winners.
But until Friday, no one knows for sure what they’ll decide. (That’s if we get more details at the White House Crypto Summit on March 7th)
However, we want to hear your take. 🫵
Historically, Crypto Nutshell readers have been right more often than not…
What will the U.S Government do? 🇺🇸 |
HODLING ON 💪
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 📉
Here’s the breakdown for each cohort (compared to what it was 2 weeks ago):
🔴 Supply last active 1+ years ago: 62.12% (up from 61.87%)
🟠 Supply last active 2+ years ago: 52.73% (down from 52.81%)
🟢 Supply last active 3+ years ago: 45.37% (down from 45.41%)
🔵 Supply last active 5+ years ago: 30.58% (up from 30.47%)
Little bit of a mixed bag this time…
The 1+ and 5+ age bands both saw increases whilst the 2+ and 3+ age bands both declined.
The key takeaway here is that 61.87% of Bitcoin’s supply remains untouched for over a year.
And 30.58% hasn’t moved in over 5 years. (It’s worth mentioning that a decent portion of this is likely lost forever)
Despite weak price action, long-term conviction remains rock solid.
They’re not selling. 🚀
CRACKING CRYPTO 🥜
Crypto traders lose nearly $1 billion as US-China trade war overshadows Trump's crypto reserve initiative. US trade tensions with China and allies spark $500 billion crypto market plunge despite Trump’s crypto reserve plan.
El Salvador’s Bukele says Bitcoin buys will continue amid IMF pressure. El Salvador President Nayib Bukele says the country will keep buying at least one Bitcoin a day, despite pressure from the International Monetary Fund.
Bybit CEO Says 77% of Stolen Funds From Record $1.4B Hack Still Traceable. Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.
With Trump’s backing, Senate votes to overturn controversial crypto tax rule. The Trump administration’s senior advisors plan to recommend that the president sign the Senate resolution into law.
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”)
What is the maximum number of Bitcoin that can ever be created? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: 21 million 🥳
Bitcoin has a hard supply cap of 21 million BTC.
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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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