Today’s edition is brought to you by RYSE - the smart home company that aims to become the Ring and Nest of the smart shades industry.

GM to all you crypto nuts. Crypto Nutshell #484 groovin’ in… πŸͺ©πŸ₯œ

We're the crypto newsletter that's more mind-bending than questioning reality in a world of artificial intelligence... πŸ’» πŸ•ΆοΈ

What we’ve cooked up for you today…

  • 🏦 What’s next?

  • 🎬 What does this mean for Bitcoin?

  • πŸ“ˆ Crypto’s killer app

  • πŸ’° And more…

Prices as at 3:35am ET

WHAT’S NEXT? 🏦

BREAKING: What Next For Bitcoin After Trump Win? Traders Look to Fed Rate Cuts as BTC Sets New Highs at $76K

Ok…

This is getting kinda crazy now…

Bitcoin just set another all-time high.

This time, Bitcoin blasted through $76,000 for the first time ever, setting a new ATH of $76,460.

Trump winning the US presidency has reignited the bull run. πŸ‚

(Keep in mind, Trump doesn’t actually become the president until the 20th of January 2025)

We’re so back…

But now that Trump has been elected to office, what’s next for the markets in the short term?

Well just as luck would have it, there’s another bullish catalyst likely taking place today.

The Federal Reserve is set to announce their interest rate decision on November 7 at 2pm Eastern Time.

And according to CME FedWatch, there’s a 97.8% chance that we see a 0.25% rate cut.

Historically, lower interest rates have been extremely bullish for Bitcoin and crypto.

As the cost of borrowing becomes cheaper, money finds its way out further on the risk curve.

The next 9-12 months are shaping up to be insane…

All signs are pointing towards a ridiculous 2025.

TAKE A PEEK BEHIND THE (Smart) CURTAIN πŸ‘€

Best Buy has a proven record of placing early bets on home-technology products that go on to dominate the market.

For example:

  • Ring - acquired by Amazon for $1.2B

  • Nest - acquired by Google for $3.2B

Pay attention, because Best Buy just unveiled a new smart-home product in over 100 stores that has potential for massive returns – RYSE Smart Shades.

RYSE is poised to dominate the smart shades market (currently growing at 50% annually) and they’ve just opened a public offering of shares priced at just $1.50/share.

Current shareholders have already seen their value increase 20% year-over-year, with strong upside remaining as they scale into retail.

If you missed out on Ring and Nest, this is your chance to secure your stake in the smart home market.

Invest in RYSE before they become a household name.

WHAT DOES THIS MEAN FOR BITCOIN? 🎬

Donald Trump and J.D Vance just won the U.S election. πŸ‡ΊπŸ‡Έ

For the first time in history, both the President and Vice President will be holders of crypto.

This administration is set to be the most pro-crypto in U.S. history. But, what does this mean for Bitcoin?

That’s exactly what mathematician, Fred Krueger, broke down in his latest update.

In his latest post to investors, Krueger broke down 10 things we can expect:

1. Government Will Not Be Hostile to Crypto

For the first time ever, the Government will not be openly hostile to digital assets.

2. Banks Will Be Able To Custody

It’s highly likely that banks will soon be able to custody Bitcoin themselves. Earlier this year, Biden vetoed SAB 121, which would have allowed this.

3. Gary Gensler Gone

At Bitcoin Nashville 2024, Trump vowed to fire SEC Chairman Gary Gensler on his first day in office.

Gary Gensler has been extremely hostile towards the crypto industry. With him gone, DeFi and crypto are free to run.

❝

β€œInnovation is in. Bitcoin can take center stage in this new digital asset world.”

Fred Krueger

4. Unrealized Tax Won’t Happen

Democrats were tossing around the idea of introducing an unrealized gains tax.

Under Trump, taxes are going down, not up. This is bullish for Bitcoin.

5. Upgraded Bitcoin ETFs

The SEC has consistently refused to approve 'in-kind' Bitcoin ETFs.

These allow investors to exchange their ETF shares directly for actual Bitcoin without tax consequences.

We’ll likely see approval under Trump and a new SEC.

6. U.S Bitcoin Strategic Reserve

Under a Trump Presidency, a U.S Bitcoin Strategic Reserve is a real possibility.

❝

β€œThe US will implement a Bitcoin Strategic Reserve. There will be modest contributions to it. Other nations will follow suit.”

Fred Krueger

Today, Senator Cynthia Lummis tweeted this:

7. Individual States Will Start Holding Bitcoin

We’ve already seen state pension funds begin to buy Bitcoin. If the US does implement a Bitcoin Strategic Reserve, expect states to follow too:

❝

β€œIndividual states will start their own Bitcoin Reserves.”

Fred Krueger

8. TradFi Is Now Unleashed

The U.S Election was the biggest uncertainty hanging over markets. Now it’s resolved, TradFi is free to allocate to Bitcoin.

❝

β€œThe average high net-worth account will be managed into 3-5% Bitcoin.”

Fred Krueger

9. Interest Rates Are Going Down

Trump is a big fan of low interest rates as it stimulates the economy. It’s what we saw in his first term & likely what we will see again.

This is bullish for Bitcoin.

❝

β€œIf Powell doesn't comply, he will be bullied out.”

Fred Krueger

10. Soft Economy Will Keep Inflation Down

Trump is inheriting a generally β€˜soft’ economy. This means he can keep interest rates low without increasing inflation.

In case it wasn’t obvious, all 10 of these are ridiculously bullish for Bitcoin.

The future has genuinely never been brighter. β˜€οΈ

CRYPTO’S KILLER APP πŸ“ˆ

Stablecoins have quickly cemented themselves as THE β€œkiller app” for crypto.

So today, we’ll be taking a look the overall stablecoin supply.

Stablecoins are often used on centralized and decentralized exchanges to purchase other digital assets. And allow the instant transfer of money between borders.

The chart below tracks the aggregate change in the total stablecoin market cap.

  • 🟒 Increased stablecoin supply: increased demand and capital inflows into the digital asset space πŸ‚

  • πŸ”΄ Contractions in stablecoin supply: net capital outflows from digital assets 🐻

The last time we checked in on this metric, the stablecoin market cap was ~$160.07 billion. (23rd of October)

Today the aggregate stablecoin market cap is ~$161.42 billion. πŸ“ˆ

That’s a sizeable increase of $1.35 billion over the last two weeks.

And as you can see from the chart above, this metric is relatively close to surpassing it’s all-time high. ($162.95 billion)

Only ~$1.53 billion more to go…

Year-to-date, the stablecoin market cap has increased by $36.54 billion.

Stablecoins are without a doubt, cryptos killer app. 😎

And are playing a HUGE role in bringing crypto into the mainstream.

CRACKING CRYPTO πŸ₯œ

220 pro-crypto candidates elected in US while Elizabeth Warren keeps seat amid $75k Bitcoin. Pro-crypto candidates gaining momentum in US elections, suggesting a shift in legislative attitudes toward digital asset regulation.

Senator Lummis’ Bitcoin reserve proposal faces uphill battle. A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.

Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts. Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.

Coinbase CEO Brian Armstrong: 'Crypto is here to stay from a policy POV'. He added that the crypto-friendly super PAC Fairshake amassed $78 million thus far in the 2026 U.S. midterms.

WHAT WE’RE READING πŸ“š

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

  • Raremints (link) - Daily crypto news

  • Bitcoin Breakdown (link) - Twice weekly Bitcoin news

  • Crypto Pragmatist (link) - Actionable alpha 3x a week

  • 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? ✍️

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Instead of storing money, Bitcoin wallets store something called β€œ _____”.

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MEME CORNER πŸ˜‚

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

Trivia Answer: A) Keys πŸ₯³

A bitcoin wallet stores a collection of bitcoin private keys.

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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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