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GM to all of you nutcases. It’s Crypto Nutshell #642 takin’ the shot… 🏹🥜

We're the crypto newsletter that's more legendary than a king returning from exile to save his kingdom from ruin... 🦁🔥

What we’ve cooked up for you today…

• 🏦 Shakeout

• 🧠 Zoom out bro

• 📈 Long-term growth

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

SHAKEOUT 🏦

BREAKING: Bitcoin sinks below $104,000, ether slides after Israeli airstrikes on Iran

Markets were cruising…

And then geopolitical tensions escalated…

Late Thursday, Israel launched a major airstrike on Iran, targeting nuclear and military sites near Tehran and Tabriz.

The escalation sent a shockwave through global markets - and crypto felt it first.

Bitcoin plunged over 4%, briefly dipping to $103,500.

While Ethereum fell 10% to $2,497.

Israel declared a state of emergency, warning of imminent retaliation.

Israeli President Netanyahu made the stakes crystal clear: the strikes won’t stop until Iran’s missile threat is eliminated.

But here’s the thing…

We’ve seen this before.

Back in April 2024, a similar sell-off hit when Iran launched drones at Israel.

Days later? Crypto ripped higher.

And many believe this dip will play out the same way:

Others are calling this exactly what it is: a temporary shakeout, not a trend reversal.

The broader picture?

Bitcoin remains firmly in a macro uptrend - buoyed by ETF flows, cooling inflation, and growing institutional demand.

Even amid short-term chaos, the long-term setup hasn’t changed.

The Bottom Line

• Bitcoin is behaving like a classic risk-on asset again

• Geopolitical shocks trigger sell-offs - but don’t change the macro trend

• Oil and gold soared, but crypto dips like these have historically been short-lived.

• Long-term allocators remain unfazed.

Stay calm. Stay sharp.

Because panic often creates the best entries.

What Top Execs Read Before the Market Opens

The Daily Upside was founded by investment professionals to arm decision-makers with market intelligence that goes deeper than headlines. No filler. Just concise, trusted insights on business trends, deal flow, and economic shifts—read by leaders at top firms across finance, tech, and beyond.

Join 1M+ professionals who stay informed before the rest of the market catches up.

ZOOM OUT BRO 🧠

Every day, someone says:

Pentoshi’s answer?

Who is Pentoshi?

• One of the sharpest macro minds on Crypto Twitter

• Known for calling major moves months in advance

• Posts under the pseudonym Pentosh1 with a cartoon penguin avatar 🐧

Billions are flowing in.

ETFs, institutions, sovereign wealth…

It’s happening.

But Bitcoin isn’t a meme coin.

It doesn’t move on your schedule.

Zoom out. Be patient.

That’s how the real money plays the game. 🕰️

LONG-TERM GROWTH 📈

Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)

This metric offers a bird’s-eye view of user activity and adoption across the Bitcoin network.

But there’s a slight catch…

One wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

• Increasing number of addresses: increasing adoption levels 📈

• Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉

As of today, 52,938,455 wallets hold some Bitcoin.

That’s -80,660 over the past two weeks.

Not ideal… but zoom out.

Since January?

+414,918 new wallets have joined the network. 😳

The signal couldn’t be clearer:

• The network is expanding

• Adoption is accelerating

• Momentum is compounding

Short-term dips happen.

But long-term conviction is still building.

CRACKING CRYPTO 🥜

Bitwise CIO calls Bitcoin 'best horse in the race' to explain accelerated corporate buys. Unprecedented deficits and money creation are pushing CFOs into alternative stores of value, such as Bitcoin.

Trump’s Big Beautiful Bill could trigger a US debt crisis and Bitcoin boom. Trump’s Big Beautiful Bill could push US debt into dangerous territory. Here’s why Bitcoin may be the last defense against financial repression.

Coinbase to Launch BTC Rewards Card With Amex, Eyes U.S. Futures Expansion. The Coinbase One Card, issued in partnership with American Express, will offer up to 4% rewards in bitcoin after purchases and other perks.

Galaxy's Novogratz suggests Bitcoin hits $1 million if adoption trend persists. The executive is not the first Bitcoin bull to suggest that the asset's price will continue to rise well beyond its current value.

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) - 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”)

MEME CORNER 😂

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

Trivia Answer: 10 minutes 🥳

Bitcoin targets a new block every 10 minutes — a rhythm set by Satoshi to control supply issuance and maintain network stability. ⛏️⏱️

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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.