🥛 Bitcoin is pumping again! Here's why... 👀

PLUS: welcome to the Degen Den 🤑                                                                                                                                                                                                                                                                                                                                                                                                                 November 09, 2023 | [Read Online]( Today’s edition is brought to you by [The Crypto Code]( — The premier research and education company teaching thousands worldwide how to use automation to secure daily profits in crypto. [Get $10 in Bitcoin when you attend their free workshop!]( GM. This is Milk Road, the crypto newsletter that gets better with every sip, no sugar needed. Here’s what we got for you today: - The 4 most interesting things we saw yesterday 👀 - Put your crypto trading on autodrive 🚗 - Welcome to the Degen Den 🤑 - Bitcoin fees are up 1,000% since August 🍪 [Prices as of 11:00 AM ET. Click here for our Fear & Greed Index]( THE 4 MOST INTERESTING THINGS WE SAW YESTERDAY 👀 We have 4 nuggets of news for you today. I’m talking about nuggets so good you’ll be looking for honey BBQ sauce to dip ‘em in... NUGGET #1: The SEC could approve all 12 spot Bitcoin ETFs starting today. James Seyffart and Eric Balchunas are two ETF experts who work for Bloomberg. Yesterday the analysts released some big news on the Bloomberg Terminal (aka the fancy $20,000 per year software that stock traders use to get info). It was about spot Bitcoin ETFs. Don’t worry, I’ll save you the $20K: [Source: @JSeyff]( According to the experts, there’s a small 8-day window (between now and Nov. 17) where the SEC could approve all 12 spot Bitcoin ETF applications at once. On a related note, the SEC is also [reportedly in “open talks”]( with Grayscale about converting its GBTC fund → a spot Bitcoin ETF. Buckle up Roaders… whether it’s today, tomorrow, next week, or early next year - it seems a spot Bitcoin ETF is coming soon. NUGGET #2: OPENSEA’S VALUATION HAS PLUMMETED In January 2022, [OpenSea]( was the King of NFT marketplaces. It had an 89% market share, raised $400M+ from VCs, and had a $13B valuation (!) That’s 2x more valuable than Applebees, Denny’s, and iHop - combined. (And you can’t even order a grand slam pancake stack from an NFT marketplace). Well, fast forward to today… OpenSea has less than 40% market share, and its lead investor, Coatue Management, [said]( it marked down its investment stake by ~90%. Meaning that (on paper) OpenSea’s valuation plummeted from $13B → $1.4B in less than 2 years. Ouch. NUGGET #3: YUGA LABS COFOUNDER GOES ON AN NFT BUYING SPREE Speaking of expensive JPEGs…one man has singlehandedly revived the [NFT market]( recently. Government name: Wylie Aronow. Nickname: Gordon Goner. Known for: Co-founding Yuga Labs and the Bored Ape Yacht Club NFT collection. Over the last week, he’s made some BBB (Big Baller Buys): - CryptoPunk: ~$1.14M - Doodle: ~$130,000 - Meebit: ~$81,000 - Pudgy Penguin: ~$75,000 In total, Wylie spent ~$1.5M on NFTs this week. Can’t stop, won’t stop. NUGGET #4: TBT - DAVE RAMSEY AND BITCOIN It’s that time of the week… Throwback Thursday (TBT). The day we reminisce on the simpler times when your biggest worry was what time the ice cream truck would show up in your neighborhood. Today’s throwback is a Dave Ramsey clip from 9 years ago. Real quick, if you don’t know Dave he’s a guy who built a huge empire (estimated to be worth a couple hundred million dollars) by helping people get out of debt. He’s like your bald, rich uncle who’s always yelling “Debt bad!” at the family parties. And in this clip, Dave gets asked about his thoughts on [Bitcoin](. He says stuff like… - “Bitcoin is a really good way to turn $1M into nothing.” (btw, BTC was ~$550 at the time, so a $1M investment then = $68M today. Ha). - “One of these computer nerds just flips a switch and the whole thing is gone! There’s no value.” I won’t spoil all the fun, but it’s worth the watch! [Source: @TheBTCTherapist]( [PUT YOUR CRYPTO TRADING ON AUTODRIVE]( Navigating the crypto markets can be a 24/7 endeavor fraught with the same level of attention as a round-the-clock job. That's where [The Crypto Code]( stands out with its groundbreaking automated trading technology. They’ve developed a [“set-and-forget” system]( that has been delivering crypto participants peace of mind and consistent returns. The best part? You can get $10 in Bitcoin just for checking out their [free workshop.]( Here’s what attendees can expect: - Case studies of past campaigns that generated up to $4,000/week - An inside look at a breakthrough campaign that made $8,803 in just two weeks - Stories from other students who've gone through the program and had success And spots are filling quickly. [Register for FREE for the workshop!]( WELCOME TO THE DEGEN DEN 🤑 I’m a simple guy. I like my pizza hot, my beers cold, and my crypto investing simple. That’s why I mostly just “buy and hold” things I think could be big over the next 10-20 years. But every once in a while, I get an itch… an itch for a degen bet. These are high-risk, high-reward bets. Sometimes they’re educated gambles... other times, not so much. And whenever I get this itch, I step into the Degen Den: The Degen Den is where we throw traditional investing advice out the window and then set the window on fire. It’s the realm of the bold and the only place where “volatile” is a compliment. But first, let’s go over some rules: - None of this is financial advice. - We aren’t going to tell you which tokens to buy, we’re just gonna show you general trends and highlight tokens that have performed well recently. - I repeat, none of this is financial advice. If your heart rate hits over 150 beats per minute while reading this, please call 911. Got it? Good. Ok, so there are two types of tokens that have been pumping lately: 1/ [A.I. Tokens]( - many A.I. crypto projects and tokens have been seeing volume with the recent OpenAI conference. None of these projects are directly tied with OpenAI, but they’ve still seen success-by-association. It’s like your cousin winning the lottery - you might not have pulled the lucky numbers but there’s a good chance you’ll still see some green coming your way. Here are some of the top-performing A.I. tokens over the last 30 days: - Injective ($INJ): +115%. - Fetch.ai ($FET): +74%. - Autonolas ($OLAS): +44%. - Bittensor ($TAO): +42%. 2/ [Gaming tokens]( - a bunch of OG gaming crypto projects made big announcements recently, causing major price pumps over the last month: - Illuvium ($ILV): +116%. Illuvium is [launching]( a new crypto game on the Epic Games Store (180M users) on Nov. 28. - Immutable X ($IMX): +56%. Immutable X is [partnering up]( with Ubisoft to build a new web3 gaming experience. - StepN ($GMT): +47%. - Axie Infinity ($AXS): +36%. And with [speculation that]( GTA VI could launch next year with a crypto-powered in-game currency, interest in gaming tokens has fully resurged. BITE-SIZED COOKIES 🍪 [Bitcoin fees have jumped 1000% since August.Â](The real winner here? Bitcoin miners. [Robinhood Q3 earnings report reveals plans to launch crypto services in EU.]( Taking their crypto initiatives across the pond for the first time. [Blackrock just filed for an iShares Ethereum Trust.](As hopes for Bitcoin and Ether spot ETFs heat up. [Binance is launching a self-custody crypto wallet](. Going all in on their mission to bring crypto to the masses, all from one platform. [Digital assets were involved in almost half of all charges brought by the CFTC in a record-setting year](. 47 of the 96 total charges have been crypto-related. [Kraken is reportedly in talks with Polygon, Matter Labs, and Nil Foundation to launch a Layer 2 network](. Following in Coinbase’s footsteps of partnering with Optimism (OP). MILKY MEMES 🤣 [@fintechfrank]( [Source: @MinisterOfNFTs]( RATE TODAY’S EDITION What'd you think of today's edition? - [🥛🥛🥛🥛🥛 F**king great]( - [🥛🥛🥛 Meh, do better]( - [🥛 You didn't bring the heat]( Share Milk Road You currently have 0 referrals, only 1 away from receiving The Next 10x Opportunity in Crypto for 2023. [The Next 10x Opportunity in Crypto for 2023]( [Click to Share]( Or copy and paste this link to others: ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] when you wake up and see prices pumping again... Nov 9, 2023 0 Likes 0 Retweets 0 Replies HIT THE INBOX OF 250K+ CRYPTO INVESTORS Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roaders are high-income crypto investors who are always looking for their next interesting product or tool. [Get in touch today](. 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. [tw]( [ig]( [yt]( [tk]( [in]( Update your email preferences or unsubscribe [here]( © 2023 Milk Road 603 Munger Avenue Suite 100 #1006 Dallas, Texas 75202, United States