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🥜 What's next?
PLUS: How will Trump impact crypto?
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… 🪩🥜
We're the crypto newsletter that's more mind-bending than questioning reality in a world of artificial intelligence... 💻 🕶️
What we’ve cooked up for you today…
🏦 What’s next?
🎬 What does this mean for Bitcoin?
📈 Crypto’s killer app
💰 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. 🐂
(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.
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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. 🇺🇸
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.
“Innovation is in. Bitcoin can take center stage in this new digital asset world.”
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.
“The US will implement a Bitcoin Strategic Reserve. There will be modest contributions to it. Other nations will follow suit.”
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:
“Individual states will start their own Bitcoin Reserves.”
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.
“The average high net-worth account will be managed into 3-5% Bitcoin.”
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.
“If Powell doesn't comply, he will be bullied out.”
10. Soft Economy Will Keep Inflation Down
Trump is inheriting a generally ‘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. ☀️
CRYPTO’S KILLER APP 📈
Stablecoins have quickly cemented themselves as THE “killer 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 🐂
🔴 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. 📈
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 🥜
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 📚
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? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
Instead of storing money, Bitcoin wallets store something called “ _____”. |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: A) Keys 🥳
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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