The 62nd Hoot

The Path to Money in Crypto ✍🏼

February 26th, 2024

Good Morning to all the people who said Ethereum would never hit $3k again.

Let’s get after it 👇🏼

Scatt's Weekly Seeds:

🌱The Path to Money in Crypto ✍🏼

🌱Bitcoin Hits High in 14 Countries 👀

🌱Bitcoin: 4-Years and 30% 🎰

🌱Total Value Hacked in Crypto 😬

Meme of The Week

Year-to-Date Returns:

  • S&P 500: 6.69%

  • Dow: 3.83%

  • Nasdaq Comp: 6.56%

  • Bitcoin: 22.66%

  • Ethereum: 33.97%

  • Scatt Capital Collective Portfolio: 33.83% 

    • Since Inception: 84.30%

News Breakdown:

Crypto Market:

  • 7-DAY CRYPTO MARKET CAP CHANGE: +$3BN

  • CRYPTO INVESTMENT PRODUCT FLOW: +$2.45BN (new record)

  • YTD CRYPTO FLOWS NOW AT +$5.2BN: US RESPONS. FOR 99%

  • INVESTORS ARE DUMPING GOLD ETFS FOR BITCOIN ETFS

  • JAPAN GETS CLOSER TO ALLOWING INV. FUNDS TO HOLD CRYPTO

  • UK TO HAVE NEW & IMPROVED CRYPTO RULES BY JULY

  • WIKLEVOSS TWINS DONATED $5M TO A CRYPTO SUPER PAC

  • DONALD TRUMP TALK OF EMBRACING BITCOIN IN FOX NEWS INTERVIEW

Credit & Debt Markets:

  • 10-YR TREASURY YIELD: 4.251%

  • ARES LEADING $3.3BN PRIVATE CREDIT LOAN FOR ARDONAGH INSURANCE

  • JPM TO PROVIDE $2.5BN CREDIT LINE TO COHESITY FOR ACQ.

  • SAUDI ARAMCO TO SELL 15-50 YR BONDS IN 2024

  • VERIZON RAISING $1BN FROM GREEN BOND MARKET

  • BLACKSTONE REFINANCED $8.8BN IN FRESH DEBT FOR REAL ESTATE’S LARGEST EVER REFI

This Week’s Economic Calendar:

  • New Home Sales (Monday)

  • Personal Income & Spending (Thursday)

  • PCE Inflation Index (Thursday)

  • Construction Spending (Friday)

The Path to Money in Crypto ✍🏼

One of the easiest places to make money.

But also one of the easiest to lose.

It is SO crucial to understand how the market works and the flow of momentum.

You understand this, you have a much better chance of making moolah $$$.

Check it out 👇🏼

Some important points:

  • Duration of the phases can change (1 is the longest and 4 is the fastest)

  • Phases can overlap & sometimes even temporarily reverse

  • Altseason is when most NEW investors enter the market

  • There can be multiple altseasons per crypto cycle

Thank me later - It’s going to be a MASSIVE year 🤝🏼

Bitcoin Hits High in 14 Countries 👀

We’re back, baby!

Bitcoin has officially high highs all around the world.

The countries listed below make up approx. 13% of global population and 7% of global GDP).

Countries from Argentina to Japan, to Sudan are all flocking to Bitcoin 🤝🏼

The interesting thing is that inflation rates in these countries are soaring, AND their local currencies are facing rapid devaluation.

How do we interpret that?

People are turning to Bitcoin as a safe haven against inflation and their own currencies.

Superior.

Bitcoin: 4-Years and 30% 🎰

4 years and 30%.

Craziest stat out there: During a 4-year period, Bitcoin has NEVER annualized returns less than 30%.

NEVER… irrespective of timing.

The above analyst (@woonomic on X) has the following info on various annual investment returns to compare:

Bitcoin: 30-60% with 75% drawdowns

S&P 500: 10% With 35% drawdowns

Real Estate: 10% with 30% drawdowns

VC Funds: 15-27% with 10 year lockup period

In other words, Bitcoin is hard to beat.

Total Value Hacked in Crypto 😬

Handle with care.

Crypto is truly the Wild West.

It’s the only industry that can quite literally turn you into an overnight millionaire, and put you out on the street the next day.

But there’s another risk: Hackers.

In the last ~8 years, almost $7.7bn of value has been hacked.

That seems like a lot. And it is.

But what can you expect from an industry trying to find its legs?

Each hack is a learning lesson for us to find stronger, better, and more secure systems.

2 steps forward and 1 step back is still 1 step forward.

Our Favorite Crypto Storage Option:

Check us out on👇🏼:

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy, sell or hold any assets or to make any financial decisions. Please be careful and do your own research.500