- The Hoot
- Posts
- The 53rd Hoot
🎄MERRY CHRISTMAS EVERYONE 🎄
Let’s dive right in…
Scatt's Seeds for Thought:
🌱BTC ETF = $30 TRILLION 💣
🌱$16K to $12 million+ 🚀
🌱A Bitcoin Mining Spa 🛀
🌱Crypto Politics & $78m 👨⚖️
Meme of The Week
Year-to-date Market Performance:
S&P 500: 23.83%
Dow: 12.79%
Nasdaq Comp: 43.25%
Bitcoin: 163.71%
Ethereum: 91.59%
Scatt Capital’s Fortune Strategy: 55.22% (Since Inception (12/22): 54.83%
Market News:
7-DAY CRYPTO MARKET CAP CHANGE: +$10bn
WEEKLY DIGITAL ASSET INVESTMENT FLOW: -$16M
TRADING VOL. ENDED ABOVE AVERAGE FOR THE WEEK: $3.6BN
ALTCOINS SAW $21M OF INFLOWS
SEC DENIES COINBASE’S PLEA FOR CRYPTO REGUL. CLARITY
WALL STREET’S TRADE FOR FED PIVOT: SHORT-DATED DEBT
US REGULATORS MUST DECIDE ON BTC ETF BY JANUARY 10
SAFEMOON FILED FOR CHAPTER 7 BANKRUPTCY
US COURT APPROVES BINANCE SETTLEMENT: $2.7BN
BLACKROCK BTC ETF GETS TICKER IN NEW FILING
EURO BACKED STABLECOIN AVAILABLE ON SOLANA
UK FINANCE MINISTER PROBING CRYPTO BANKING WOES
BRAZIL CREDIT RATING RAISED AFTER TAX CODE OVERHAUL
FTX TRADING ANNOUNCES LIQUIDATION SETTLEMENT
LEDGER TO REFUND CRYPTO HACK VICTIMS: $600K
CITI GROUP EXITING DISTRESSED DEBT TRADING
CRYPTO PHISHING SCAMMERS STOLE $374M IN 2023
52 MILLION AMERICANS OWN CRYPTO
42 COUNTRIES ARE WORKING TO ESTABLISH CRYPTO RULES
THE WEEK AHEAD:
Consumer Confidence
Christmas Day
Boxing Day
Pending Home Sales
BTC ETF = $30 TRILLION 💣
$30 trillion… is a colossal number.
Grayscale’s CEO (Michael Sonnenshein) is an industry legend.
He believes that an ETF approval could result in $30 TRILLION of inflows…
This of course is ADVISED wealth… AKA money/fund managers.
$30 trillion is approximately 1,000 times bigger than the U.S. median income.
This kind of liquidity action would send prices into the stratosphere…
Let’s hope he’s right!
$16K to $12 million+ 🚀
This is why we LOVE crypto.
It’s the one industry where you can go from zero to hero overnight.
Well this 1 trader did just that:
He turned $16k into over $12 mil and he REFUSES to sell his positions.
His reasons why?
He believes its the start of a new crypto bull run
They think $BONK (a meme coin) is where to be
$BONK is essentially a bet on Solana (built on Solana network)
Retail money hasn’t all arrived yet
What would you guys do?
To sell or not to sell 🤔
A Bitcoin Mining Spa 🛀
Relax & Earn?
Bathhouse Spa uses A LOT of energy to power its rooms, pools & saunas.
So the owner set up a mining rig.
The spa then uses ‘submersion cooling’ to mine Bitcoin.
This means that the mining rig is literally submerged in a pool of mineral oil.
The oil then keeps the rig cool, while the heat created from the mining is used to power the spa’s services.
Another example of a company using crypto to expand & grow 🚀
Crypto Politics & $78m 👨⚖️
Politics can be polarizing & boring… enter crypto.
Fairshake (a Super Political Action Committee, or PAC) recently raised $78m to support presidential candidates who ENDORSE crypto and blockchain.
The $78 million was raised from behemoth institutions like a16z, ARK invest, Circle, Coinbase, and Ripple.
With the election so soon… we might need to support 2028 candidates.
But for those doubting the industry and its success going forward….
Is this enough of a statement for you?
If you like receiving market updates, check us out here on LinkedIn; here on Twitter; or here on Instagram 📊
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.