🥛 Meet the new pro-Bitcoin president... 👀

PLUS: Bitcoin hasn't done this in 3 years... 🧐                                                                                                                                                                                                                                                                                                                                                                                                                 November 20, 2023 | [Read Online]( Today’s edition is brought to you by [Arrived]( - a startup that lets regular people invest small amounts of money in single-family and vacation rental properties. [Invest in real estate with as little as $100!]( GM. This is the Milk Road, we’re that friend in the group that tries the hot wings first, just to make sure you don’t burn your taste buds off. Here’s what we got for you today: - Meet the new pro-Bitcoin President 👀 - Bitcoin hasn’t done this in 3 years… 🧐 - Fidelity joins the ETH ETF race 🍪 [Prices as of 10:30 AM ET. Click here for our Fear & Greed Index]( MEET THE NEW PRO-BITCOIN PRESIDENT 👀 Argentina has a new President… His name: Javier Milei. And there are 3 things you should know: 1/ He loves [Bitcoin](. [He says]( it “represents the return of money” to the people and “prevents politicians from robbing you through inflation”. 2/ He hates central banks. He calls them a scam and a “mechanism by which politicians cheat the good people”. (Fun fact: he even went on national TV on his birthday and had a piñata shaped like the central bank. [He beat the sh*t out of it](.) 3/ He has sideburns that could give Elvis a run for his money. And a hairstyle that screams, "I have a vinyl collection and I'm not afraid to use it". Without further ado, say hello to… El Presidente. [Source: Wikimedia Commons]( Javier Milei received ~56% of the votes and will take office on December 10, 2023. Why this matters: Javier Milei made some BIG promises if he was elected president. Stuff like… - Getting rid of the central bank. - Replacing the Argentine peso with the U.S. dollar. - Cutting the number of government ministries from 18 to 8. (Just check out [this video](where he shows who he plans to fire). Now, I know what you’re thinking.... no central bank? A new national currency? WTF… that sounds crazy! But… a) sometimes crazy solutions are needed for crazy problems. And Argentina has been facing one hell of a problem… - It has one of the highest inflation rates in the world (143%). - And the Argentine peso has been rapidly depreciating. To put it into perspective, 1 U.S. dollar = 350 Argentine pesos. Oh, and just look at how much 1 Bitcoin costs in Argentina… [Source: @CryptoTea]( b) Now we have to see if Javier can actually execute his plans. I’m no expert, so I have no idea how hard it is to just “get rid of the central bank”... but I do know that politicians’ promises are like ghosts - often talked about, rarely seen. Javier has talked the talk. Now we’ll see if he can walk the walk. But we saw what happened after the first pro-Bitcoin President (Nayib Bukele) got elected in El Salvador. He.. - Made Bitcoin a legal tender in the country. - Started buying BTC to add to the country's reserves. - Launched BTC-backed government bonds. All eyes will be on Javier Milei to see if he does something similar. [THE SECRET TO EFFORTLESS REAL ESTATE INVESTING]( There’s a big misconception going around: Real estate investing remains complicated, expensive, and for boomers 🧑‍🦯! Well Roaders, the real estate investing app backed by Jeff Bezos and Marc Benioff makes it dead simple for anybody to invest in fractionalized real estate, and definitely quicker than your family can spell Satoshi Nakamoto this Thanksgiving 🦃. Look at who’s [Arrived]( 🏘️: 1/ Browse a selection of SEC-qualified properties, invest in minutes, and with as little as $100 2/ Let Arrived handle the hassle of property management, operations, and due diligence 3/ Benefit from diversification, capital appreciation and keep gettin' dem checks Ready to stack your real estate assets? [Join 485K+ registered investors on Arrived’s platform today](, and check out the latest drop of investable properties. BITCOIN HASN’T DONE THIS IN 3 YEARS… 🧐 [Bitcoin]( fees are SKYROCKETING. And for the first time in 3 years, Bitcoin’s daily fees have flipped [Ethereum's]( daily fees… [Source: CryptoFees]( In fact, Bitcoin’s had more daily fees than Ethereum for the last 5 days. So, what’s been the main catalyst? Two words…. [Bitcoin Ordinals](. These are (with as little technical mumbo jumbo as possible) images, videos, data files, etc that are “inscribed” directly on the Bitcoin blockchain. Think of them as [NFTs]( but on Bitcoin instead of Ethereum. According to [CryptoSlam](, Bitcoin Ordinals had 3x as much volume as Ethereum NFTs over the last 24 hours. The good news? More Bitcoin Ordinals volume = higher fees = more revenue for Bitcoin miners. The bad news? More Bitcoin Ordinals volume = higher fees = higher cost to use the Bitcoin blockchain. Over the weekend, the average Bitcoin transaction fee was ~$18. I repeat… $18. Just to use the blockchain. Crazy. Bitcoin’s transaction fees are looking like my DoorDash fees. And the blockchain can’t deliver me an Italian Sub from Jersey Mike’s in 20 minutes. BITE-SIZED COOKIES 🍪 [PT Bidding is the next event lined up to prepare for Phemex’s token launch on November 28th.]( Dive into the anticipation by learning more about the upcoming event, and help celebrate Phemex’s 4th anniversary.* [Fidelity filed paperwork to launch an ETH ETF](. The $4.5T asset manager is the latest firm to join the ETH ETF race. -- DL News [The U.S. Securities and Exchange Commission (SEC) delayed approvals for both Franklin Templeton’s and Global X’s spot Bitcoin ETF applications](. Can’t say we’re surprised. [Republic selected Avalanche blockchain for its investment security token](. The security token aims to generate profits from a portfolio invested in more than 750 private assets. [Bitcoin options open interest reached an all-time high of $15 billion on Deribit](. An increase in open interest = higher liquidity and more market participants. [dYdX’s insurance fund lost $9 million as a result of a 'targeted attack'](. dYdX said in a statement that no user funds were affected and that its team is working to investigate the event. *This is sponsored content MILKY MEMES 🤣 [Source: @MinisterOfNFTs]( [Source: @TheBTCTherapist]( 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: What'd you think of today's edition? - [🥛🥛🥛🥛🥛 F**king great]( - [🥛🥛🥛 Meh, do better]( - [🥛 You didn't bring the heat]( ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] Me during Thanksgiving: "Yeah, I own 1 whole Bitcoin now..." My aunt: Nov 20, 2023 0 Likes 0 Retweets 0 Replies WANT TO SPONSOR THIS NEWSLETTER? Over 250,000 subscribers are throwing a party, and your brand is invited! 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