PLUS: Meet the investor that went from $16K --> $12M ð¤ December 19, 2023 | [Read Online]( Todayâs edition is brought to you by [Coinbase Wallet]( - a self-custodial wallet designed for an easy user experience, and backed by one of the biggest names in the industry. [Send money to anyone instantly with a link!]( GM. This is the Milk Road. We make crypto fun and easy to follow, like the bouncing yellow ball during a sing-a-long movie. Hereâs what we got for you today: - Bitcoin ð¤ The Most Interesting Man in the World - The 11-week streak is over ð - From $16,000 â $12,000,000 ð¤ - Solana has a new stablecoin available ðª
[Prices as of 8:30 AM ET. Click here for our Fear & Greed Index]( BITCOIN ð¤Â THE MOST INTERESTING MAN IN THE WORLD Thereâs a new Bitcoin commercial going viral. Why? Itâs for Bitwiseâs [Bitcoin ETF]( and features âThe Most Interesting Man in the World.â AKA the guy from the Dos Equis beer [commercials](. If you still donât know him, legend has it⦠- His blood smells like cologne. - The last time he flirted with danger, danger got clingy. - He can speak French. In Russian. - If he were to pat you on the back, you would list it on your resume. - His cereal never gets soggy. It sits there, staying crispy, just for him. - His beard alone has experienced more than a lesser manâs entire body. And now heâs on Bitwiseâs new Bitcoin ads:
[Source: @BitwiseInvest]( Thereâs also a 15-second commercial if you wanna check it out [here](. Milk Road Take: Ad campaigns?! Commercials?! This whole time I thought ETFs were just boring paperwork and finance mumbo jumbo... Suddenly, Iâm more excited for these commercials than the Super Bowl ones. Bud Light, Budweiser, Snickers, Old Spice - give âem all Bitcoin ETFs and see what they can do! All jokes aside, itâll be interesting how billion-dollar asset managers like BlackRock, Fidelity, etc. will market their crypto products. VanEck has already tapped into âthe cultureâ by making the ticker for their ETF product [$HODL](. Now Bitwise is using âThe Worldâs Most Interesting Man.â Weâll see whatâs next, [ONBOARD FRIENDS & FAMILY TO CRYPTO INSTANTLY]( What happens when you bring the entire world of crypto to the most user-friendly wallet? You get the most downloaded crypto wallet in the U.S. in the last 5 years. And when we say the entire world of crypto, we mean it. [Coinbase Wallet]( allows users to do it all: collect NFTs, swap tokens and earn yield, participate in DAOs, and much, much more. Hereâs what you need to know: - Coinbase Wallet supports an ever-growing list of hundreds of thousands of tokens and dapps, while ensuring users receive the best swap prices. - Users are able to convert between fiat and crypto with ease, with flexible buying options such as bank accounts, local payment methods, and debit/credit cards in 130+ countries. - Security is at the forefront, with advanced security features such as biometrics, passwords, and hardware wallet integration. - There is support for all major blockchains, including Bitcoin, Ethereum, Solana, all EMV-compatible networks, and more. And now, Coinbase Wallet is taking it a step further. You can now send crypto to anyone as easy as a text, even if they donât have a wallet yet. [Send money to anyone instantly with a link!]( THE 11-WEEK STREAK IS OVER ð All good things must come to an end... (learned that the hard way when they took away nap time after Kindergarten). And after 11 straight weeks of inflows, digital asset products saw their first week of outflows - totaling $16M.
[Source: CoinShares]( According to CoinShareâs latest [Digital Asset Funds Flow]( report: - There were minor outflows totaling $16M last week. - Trading volume was still well above the yearly average ($3.6B last week vs. $1.6B year-to-date average). - [BTC]( had the most outflows ($33M) for the week. - Altcoins saw $21M in total inflows - including [SOL](, [ADA](, and [LINK](. - [Blockchain equities]( saw a BIG week of inflows ($122M) and extended its inflow streak to 9 weeks (the largest run on record). CoinShareâs analysts believe the minor outflows last week were âmore related to profit-taking rather than a turn in sentiment towards the asset class.â Weâll have to wait and see if the inflows can rebound this week. FROM $16,000 â> $12,000,000+ ð¤ Every investor dreams of turning a little bit of money into a lot of bit of money. Iâm talking about going from âIâll order the most expensive thing on the menuâ money â âf*ck it, Iâll just buy the whole restaurantâ money. Well, check it out. This crypto trader did the damn thing. They took $16,000 and turned it into $12,000,000. The craziest part? The investor refuses to sellâ¦
[Source: @unipcsbot]( Hereâs the TL;DR on why the trader doesnât want to sell: 1/ They believe this is the start of a new bull run. With U.S. interest rate cuts, Bitcoin ETFs, and the Bitcoin halving coming soon, they believe the bull run is only just beginning. 2/ They think BONK is the memecoin of this bull run. DOGE and SHIB both soared to multi-billion dollar market caps in 2021⦠- [DOGE]( hit an all-time high of $74B. - [SHIB]( hit an all-time high of $44B. BONK is currently sitting at less than $2B, so this trader thinks itâs still super early. 3/ BONK is a bet on $SOL, which they think hits $1,000 per token this cycle. They think the next wave of crypto adoption will happen on Solana, not on Ethereum. And with BONK being the main memecoin of Solana, the theory is all eyes will be on it. 4/ Retail is not here yet. They think once retail investors join the bull run and more exchanges list the token, BONKâs price will pump even more. Itâs a big bet (and one that has already paid off $12M), so weâll see what happens in a few months. Weâre curious⦠What would you do in this situation? Click on your answer below! What would YOU do in this situation? [HODL - I held to $12M, might as well hold for another $12M!](
[SELL - I take profits, not screenshots!]( BITE-SIZED COOKIES FOR THE ROAD ðª [Shardeum is an EVM-based layer 1 blockchain that tackles the trilemma through dynamic state sharding.]( Low fees forever!* [Circle announced its euro-backed stablecoin (EURC) is available on the Solana blockchain now](. The move marks the latest expansion for the stablecoin issuer as the firm seeks to drive mainstream global usage of EURC. [Grayscaleâs CEO says a Bitcoin ETF approval could open doors for â$30 trillion worth of advised wealth.â]( Iâll be honest, I didnât hear anything he said after $30 TRILLION. [A crypto-focused super PAC has raised $78M to support pro-crypto political candidates](. Some big names like Coinbase, Kraken, Ripple, and a16z helped raise and donate the funds. [Improbable sold its gaming services subsidiary (MPG) for ~$100M](. The metaverse startup first acquired MPG back in 2019 for ~$38M. *This is sponsored content MILKY MEMES ð¤£
[Source: @MinisterOfNFTs](
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