The 55th Hoot

Trends for 2024 👀

Author

Matt Brimacombe
January 8th, 2024

Scatt's Seeds for Thought:

🌱A Story in Numbers: 2023 🔢

🌱Trends For 2024 👀

🌱Crypto Hedge Fund Returns 📊

🌱Someone Turned $52 into $100k+ 🚀

Meme of The Week

Year-to-date Market Performance:

  • S&P 500: 1.52%

  • Dow: 0.59%

  • Nasdaq Comp: 3.25%

  • Bitcoin: 5.57%

  • Ethereum: 2.05%

  • Scatt Capital’s Fortune Strategy: 30.23% (Since Inception (12/22): 28.42%

Market News:

  • 7-DAY CRYPTO MARKET CAP CHANGE: $1bn

  • DIGITAL ASSET FLOWS FOR 2023: +$2.5BN

  • THIS IS 2.7X BIGGER THAN 2022 INFLOWS

  • BITCOIN ALONE HAD $1.9BN INFLOWS

  • FIDELITY & GALAXY SET FEES FOR BITCOIN ETFS

  • S&P RETURNED 24.23% IN 2023; BTC RETURNED 187%

  • JANE STREET EMERGES AS TOP BTC ETF BROKER

  • SBF WILL NOT FACE 2ND TRIAL ON ADD. CHARGES

  • FORMER BINANCE CEO BANNED FROM TRAVELING

  • STOCKS, BONDS DROP TON START THE YEAR

  • BIG BANKS REPORT EARNINGS THIS WEEK

  • CBOE: BTC ETF WILL ATTRACT INSTITUTIONAL INVESTORS

  • BTC MINER, CLEANSPARK, LAUNCHING IN-HOUSE TRADING DESK

  • DIGITAL ASSET AUM SOARS 67.6% IN Q4 2023

  • FTX BANKRUPTCY COULD GO ON FOR YEARS, EXPERTS SAY

  • F1 TEAM, SAUBER, AGREE TO 2-YR DEAL WITH CRYPTO CASINO

  • NIGERIA CENTRAL BANK RELEASED CRYPTO-BANKING GUIDELINES

  • GRAYSCALE IN TALKS WITH GOLDMAN AND JPM ON BTC ETF

  • TOTAL CRYPTO AUM ROSE 129% IN 2023

  • THE US SAW THE LARGEST INFLOWS BY COUNTRY: $792M

  • GERMANY 2ND ($663M), AND THEN CANADA ($543M)

  • THE WEEK AHEAD: 

    • Consumer Credit

    • CPI Inflation

    • PPI Inflation

A Story in Numbers: 2023 🔢

2023 was an AWESOME year.

Now lets break it down in a few numbers:

What were market returns like?

S&P 500: 24.23%

Dow Jones: 13.70%

Nasdaq: 42.12%

Gold: 13.1%

Bitcoin: 187%

Ethereum: 77.26%

Scatt Capital: 46.38%

BOOM 💥

Now those are worth celebrating!

Let’s prepare for another fantastic year!

2023 was great… and we want to keep it that way.

So here are some things to look out for this year (according to experts):

  • Spot Crypto ETFs could finally arrive

  • Bitcoin’s halving (April) might fuel the next bull run

  • Solana’s comeback might not be over

  • Tokenized real world assets could become a leading crypto use case

  • Crypto powered games will embrace the ‘fun’ aspect of games (as opposed to worrying about the ‘play-to-earn’ model)

  • Bitcoin could gain new smart contract superpowers (Ordinals)

  • Big brands will likely find new uses for NFTs

  • Ethereum fees will likely fall drastically

  • Governments around the world will start to adopt blockchains

Check back in with me in 12 months and we’ll see how accurate we are.

My guess: 9 out of 9 🎯

Crypto Hedge Fund Returns 📊

Let’s see how the big dogs did in 2023.

2022 was a rough year for crypto hedge funds.

A lot of them were down really badly… anywhere from 50 to 90% kind of bad.

And they BOUNCED THE HELL BACK in 2023.

Crypto hedge funds had an average return in 2023 of: +44%

And crypto passive funds had an average return of: +265%

This is a MAJOR turnaround from their 50%+ losses in 2022.

But still didn’t outperform Bitcoin… for the most part.

Someone Turned $52 into $112k+ 🚀

Once again… another story only feasible in the crypto world.

I love crypto… more than most.

And this is exactly the reason why.

Some guy bought $52 worth of a memecoin called “Dog WiFi Hat” (no, I’m not kidding).

He then sold said this position for a value of $112.4 thousand USD. 🤯

$52 dollars to $112k on a random coin nobody knows about.

You’ve got to love it!

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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.