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The 65th Hoot
Bitcoin Creates 1,500 Millionaires Everyday 👀
GOOD MORNING & HAPPY MONDAY ✍🏼
BITCOIN SELLING OFF IS A NORMAL PART OF THE CYCLE.
IF YOU SOLD, MARK MY WORDS, YOU WILL BE SIDELINED WHEN WE PUMP.
Scatt's Weekly Seeds:
🌱The TRUE Bitcoin Dominance 📊
🌱Memecoins Head to Vegas 🎙️
🌱8th Largest Asset in the World 🌍
🌱Bitcoin Creates 1,500 Millionaires Everyday 👀
Meme of The Week
Year-to-Date Returns:
S&P 500: 7.28%
Dow: 2.72%
Nasdaq Comp: 6.41%
Bitcoin: 58.52%
Ethereum: 54.52%
Scatt Capital Since Inception: 220.51%
News Breakdown:
Crypto Market:
7-DAY CRYPTO MARKET CAP CHANGE: +$2BN
CRYPTO INVESTMENT PRODUCT FLOW: +$2.7BN (new record!)
ISIS INCREASINGLY USING CRYPTO TO FINANCE OPERATIONS (we know this because everything is transparent on the blockchain)
UK APPROVED ETNs FOR PROFESSIONAL INVESTORS
US TREASURY PROPOSES NEW CRYPTO TAX RULES TO MODERNIZE
SOUTH AFRICA IS SET TO LICENSE 60 CRYPTO PLATFORM BY END OF MARCH
BITCOIN TOPS TAYLOR SWIFT AND BEYONCE IN GOOGLE SEARCHES
EL SALVADOR REMOVED TAXES FROM FOREIGN INVESTMENT: ATTRACTS THE WEALTHY
Credit & Debt Markets:
10-YR TREASURY YIELD: 4.313%
POLAND SOLD $8B USD-DENOMINATED BONDS IN BIGGEST USD ISSUANCE EVER
GOLDMAN SACHS SEEKING TO EXPAND PRIVATE CREDIT PORTFOLIO TO $300B BY 2029
COINBASE TO OFFER $1B SENIOR UNSECURED NOTES
ULTRA LUXURY DEVELOPER ONE BEVERLY HILLS RAISED $2B LED BY JPM
MICROSTRATEGY TO SELL ANOTHER $500MIL CONVERTIBLE, UNSECURED NOTES TO BUY MORE BITCOIN
This Week’s Economic Calendar:
Housing Starts (Tuesday)
Building Permits (Tuesday)
FOMC Interest Rate Decision (Wednesday)
Existing Home Sales (Thursday)
The TRUE Bitcoin Dominance 📊
DOMINANCE.
Bitcoin dominance is a key indicator when assessing the market.
We all know that Bitcoin is the ‘big dog’ in the industry, but it’s dominance score tells us how big, and more importantly, how to profit from this.
Generally, when BTC dominance is high, other coin prices suffer. And vice versa.
BUT there is a better dominance metric to measure (shoutout to @WClementeIII on Twitter)…
Store of value & BTC go hand-in-hand, so I thought this was a really cool new metric to measure.
An ideal timeline is years, however, and this wouldn’t really help us figure out which coins to profit from in the interim.
It just shows how early we are.
Memecoins Head to Vegas 🎙️
VEGAS.
DogWifHat is one of the hottest memecoins in the market right now.
The logic is: strange name + cute dog = good memecoin 👍🏼
Earlier this week, the community set out to raise $650k to get DogWifHat on the Las Vegas Sphere.
Long story short… they did it in 3 days.
Don’t sit there and tell me we aren’t in a bull market.
The coin was up 30%+ in a day and hit a new all time high.
Mission accomplished.
8th Largest Asset in the World 🌍
10 TO 8.
A week or 2 ago we wrote about Bitcoin breaking into the top 10 largest assets in the world.
Well, it just overtook Silver this week to become #8.
I’ll just repeat that on a microphone:
📢 BITCOIN IS NOW BIGGER THAN SILVER 📢
You get that loud and clear?
Bitcoin is Creating 1,500 Millionaires Everyday 👀
LIFE CHANGING INDUSTRY.
Crypto is the wildest but most rewarding industry you could ever be in.
BTC is now creating 1,500 millionaires PER DAY.
Since October 2023, crypto markets have added $1.8T in market cap.
In other words, that’s $13.5B PER DAY for 5 months straight.
Wanna know the best part?
These are rookie numbers.
This 1,500 number is LESS THAN HALF the 4,000 per day rate seen in the 2021 crypto bull run.
Like I said… LIFE CHANGING.
Crypto Storage Options:
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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, sell or hold any assets or to make any financial decisions. Please be careful and do your own research.