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- 🥜 Why $1 million Bitcoin is inevitable
🥜 Why $1 million Bitcoin is inevitable
PLUS: Trump doubles down
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We’re the crypto newsletter that’s more compelling than a musical journey through the life of a rock legend... 🎤✨
What we’ve cooked up for you today…
🏦 Trump doubles down
🎯 Bitcoin to $1 million is inevitable
🪙 Stablecoin market update
💰 And more…
MARKET WATCH ⚖️
Prices as at 8:50am ET
Only the top 20 coins measured by market cap feature in this section
TRUMP DOUBLES DOWN 🏦
BREAKING: Donald Trump doubles down on crypto support at fundraiser event
Trump has once again come out in support of crypto.
This time at a tech fundraiser event in San Francisco, Trump called himself a “crypto president”. (reports from Reuters)
Trump also raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya.
According to Republican National Committeewoman Harmeet Dhillon, Trump stressed that he was supportive of the crypto sector.
But…
He did not offer specifics on his proposed crypto policy.
Here’s a quick summary of the crypto related promises Trump has made so far:
Support the right to self-custody
Commute Ross Ulbricht’s prison sentence
Never allow the creation of a Central Bank Digital Currency
But Trump’s not the only US presidential candidate supporting crypto, Robert F. Kennedy Jr. has also promised:
No taxes on Bitcoin
Backing the US dollar with Bitcoin
Put the US budget on blockchain
Crypto as a presidential debate topic is well and truly heating up. 🔥
BECOME A BETTER CRYPTO INVESTOR 🧠
Bitcoin & crypto has been crushing it so far in 2024.
But, if past cycles are anything to go by, the bull-run has only just begun.
The next 12-18 months will be an opportunity to make life-changing wealth.
This means it’s crucial to stay up to date & educated on everything going on in the crypto space.
We write the Crypto Nutshell every single day to keep you informed.
However, crypto is such an enormous opportunity, we know we have to do more.
That’s why we have the official Crypto Nutshell Youtube channel.
All so you can dominate crypto in 2024 & 2025. 🫵
Today, we interviewed mathematician & entrepreneur, Fred Krueger.
If you want to become an even better crypto investor, head on over here & subscribe. Completely free, as always.
(you'll also make our day ❤️ )
P.S. To celebrate getting Krueger on for an exclusive interview, we are again giving away $100 in crypto to 3 lucky readers.
To enter:
Head on over to the Crypto Nutshell Youtube channel & hit subscribe! (if you haven’t already!)
Check out our latest video, with Fred Krueger. Hit that like button & drop a comment on the video.
When finished, submit the below poll with a ‘done!’ 👇
Youtube Giveaway! |
That’s it!
We’ll randomly draw winners in 48 hours from now & shoot you an email!
BITCOIN TO $1 MILLION IS INEVITABLE 🎯
Bitcoin to $1 million per coin is inevitable.
And if the Bitcoin power law model remains true….
Over the next 15 years Bitcoin will 64x.
That will put 1 Bitcoin at $4,500,000 per coin.
That’s just 1 of the insights that came out of our exclusive interview with mathematician Fred Krueger.
Fred Krueger is one of the fastest rising figures in the crypto space.
If you haven’t heard of him, here’s Krueger’s credentials:
Worked on Wall Street for close to a decade 💼
Extremely successful entrepreneur - has exited 10 companies, with some exits in the tens of millions 💰
Studied mathematics, with a P.H.D from Stanford University 📚
Although we can’t break down our full interview, here are 3 highlights:
1. The Bitcoin Power Law model is Unbelievable
Fred Krueger is a big advocate of the Bitcoin Power Law model.
The Bitcoin Power Law model (in a nutshell) is a Bitcoin pricing model that was discovered by an Italian astrophysicist, Giovanni Santostassi.
(We actually interviewed Giovanni earlier in the year, check that out here)
In 2019, Giovanni discovered that by plotting Bitcoin’s price & time in log scale, you see a very clear relationship.
Bitcoin Power Law Model
This is a power-law & it is extremely rare to observe.
As Fred has a background in both mathematics & Wall Street, he has a unique position to comment on the power law model.
“I've never seen data like this in my life before. And I've looked at tons and tons and tons of data. For stock prices, bond prices, commodity prices. I've studied all these things. I've never seen a power law like this. This is very, very unusual.”
As a refresher, the Bitcoin Power Law model predicts we will see Bitcoin hit:
$200,000 - $250,000 in 2025
$1,000,000 in 2033
$4,500,000 in 2039
2. You will probably never get this opportunity again
Krueger has made tens of millions of dollars from building successful companies.
He’s also spent almost a decade on Wall Street.
Yet today, he spends all his time on Bitcoin.
Why?
This is a once in a lifetime opportunity.
“My point is: you wait another 10 years… you're not going to see this opportunity again. Like, in your entire life. I definitely think this is a make or break moment.”
3. Bitcoin to $1 million is inevitable
Krueger believes that Bitcoin has well and truly crossed the chasm.
At this point, it has been completely de-risked. It is now unstoppable.
It doesn’t matter what interest rates are. It doesn’t care who wins the election in November. It doesn’t care what the SEC does.
Bitcoin will triumph, regardless.
“It literally does not care. It is going to a million dollars a coin, regardless. It doesn't matter. It literally doesn't matter.”
For the rest of the insights - you’ll have to check out the full interview here.
We’d highly recommend giving it a full watch.
Dropping a like & subscribe would be hugely appreciated as well! 🫡
STABLECOIN MARKET UPDATE 🪙
Today we’ll be taking a look at the stablecoin supply.
Stablecoin’s play an important role in the wider crypto market. They are often used on centralized and decentralized exchanges to purchase other digital assets.
By taking a look at the stablecoin market, we can gauge the demand for digital assets.
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 🐻
When we checked in on this metric two weeks ago, the stablecoin market cap was ~$150.53 billion.
Today the aggregate stablecoin market cap is ~$150.80 billion. 📈
And it’s basically been growing every single week since October 2023.
(although growth did slow down during April)
In fact, right now it’s only ~$12 billion short of surpassing it’s all-time high.
Every week, liquidity continues to pour back into the crypto industry.
This metric tells us one thing…
Demand continues to increase. 😎
CRACKING CRYPTO 🥜
Arthur Hayes predicts impending bull run for Bitcoin as G7 central banks start easing policy. Arthur Hayes predicted an impending bull run for Bitcoin and altcoins as G7 central banks start easing monetary policy.
Crypto market tumble seen as quick shakeout, traders expect 'bullish' rebound. On June 7, the crypto market tumbled with several altcoins plummeting more than 7% over the past 24-hours.
Big Friday Crypto Selloff Pulls Bitcoin Below $70K. Ideas about lower U.S. interest rates were foiled again and a plunge in shares of speculative favorite GameStop soured the mood in crypto.
Bybit opens up crypto trading to Chinese users living abroad. Chinese nationals living outside of mainland China will now have access to the second-largest cryptocurrency exchange.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
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 was Bitcoin's initial block reward? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: B) Bitcoin 🥳
The initial block reward was 50 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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