PLUS: 2024 predictions from a crypto VC ð January 02, 2024 | [Read Online]( Todayâs 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 Milk Road. We break down crypto news faster than you can break a New Year's resolution. Hereâs how weâre kicking off the year: - What to expect in January ð - 2024 predictions from a crypto VC ð® - The U.S. government dropped 6 charges against SBF ðª
[Prices as of 8:00 AM ET. Click here for our Fear & Greed Index]( WHAT TO EXPECT IN JANUARY ð I have 1 big goal in 2024⦠look at crypto prices less. 48 hours into the new year Iâm here to report that: - [BTC]( is up 8%. - Most of the top 100 cryptocurrencies are in the green. - A few altcoins are up double-digit percentages. - I went from I *have* a goal â I *had* a goal. Oh well, better luck next year! The big question investors are wondering now is⦠will the rally continue? 3 big factors could help decide that: 1/ Spot Bitcoin ETF approvals. The worldâs largest asset managers (BlackRock, VanEck, etc.) have been trying to launch a spot Bitcoin ETF for months. Well, it looks like we could be in the final stretch⦠- [Reuters]( is reporting that asset managers might get word about approvals today or tomorrow. - [Fox Business]( journalists are saying the SEC is âswamped with paperworkâ so asset managers likely wonât hear back from them until the decision deadline on Jan. 10. Our sources are reporting (and I quote): âNobody knows for sure. And asking us âWen ETFâ every 20 minutes wonât make it happen any fasterâ¦â Why this matters: In the short term, people are speculating that this will unlock trillions of dollars in institutional money, pushing Bitcoinâs price up. In the long term, people are hoping it will have the [same success as Gold ETFs](. (TL;DR - Gold went on an 8-year bull run, hit a new all-time high, and briefly became the worldâs biggest ETF).
[Source: goldchartsrus.com]( 2/ Historical trends. There are 2 big historical trends weâre looking at this month⦠BTC: Bitcoin ended the year on a 4-month green streak (i.e. it had positive monthly returns in September, October, November, AND December). Thatâs the good news. The bad news is⦠[the last 2 times]( that happened (in 2015 and 2016), Bitcoin followed it up with a red January. ETH: Both of [Ethereumâs]( largest rallies have started in⦠January. Check it out. It happened back in 2017 and 2020â¦
[Source: @thescalpingpro]( ⦠and now some are speculating a January-ETH rally could happen again this year. (Especially with a major network upgrade and potential ETH ETF launching soon). 3/ Token unlocks. Pop Quiz: What do Injective ($INJ) and Optimism ($OP) have in common? a/ Theyâve been two of the hottest tokens in crypto. Both are up 100% over the last month and have been the talk of Twitter. b/ They both have big token unlocks in January. Millions of INJ and OP tokens worth between $87M and $136M will be unlocked later this month. And they arenât the only projects with token unlocks either:Â
[Source: @WuBlockchain]( Milk Road Rule #58⦠where there is a token unlock, there is price volatility. So, watch out. These projects could have a Rocky Road in the weeks ahead (and we ainât talking Ben & Jerryâs). [WOAH. INVESTORS LOVE ARRIVEDâS NEW PRODUCT.]( No More Waiting: [Arrived](, the app backed by Jeff Bezos and Marc Benioff to help anybody invest in fractional real estate, just launched their new, always-on, â[Single Family Residential (SFR) Fund](â. By buying shares in the Arrived Single Family Residential Fund, investors are instantly diversifying across many properties and markets. New homes will be consistently added to this fund, further growing that diversification over time. And itâs fully transparent: you can see exactly what strategy Arrived is pursuing and what properties are being added. This is all on top of Arrivedâs individual properties you can also choose from - then [invest in minutes]( from $100 to $50,000+ per property. Ready to stack your real estate assets? [Join 525K+ registered investors on Arrivedâs platform today,](and check out their latest SFR Fund Product. 2024 PREDICTIONS FROM A CRYPTO VC ð® Every Milk Road subscriber is awesome. Iâm like a mom, and canât pick favorites... â¦but if I did, Iâd have to admit Fred Wilson is one of them. - Heâs been a VC since 1986. #OGstatus - He founded Union Square Ventures and invested in companies like Twitter, Tumblr, Etsy, and MongoDB. Plus, heâs been writing a new post on his blog (AVC - Musings of a VC in NYC) every weekday since September 2003. Mad respect. Iâve been writing this sucker for almost two years and feel like I deserve a purple heart award... Anyway, Fred just dropped a new blog titled [âWhat Will Happen In 2024â](. Here are 5 of the biggest takeaways: 1/ 2024 is going to be a terrific year for tech. âI have never seen an environment with more innovation in the forty years I have been in the tech sector. It is breathtaking to see.â Fred Coming from a guy whoâs been in the tech game longer than Iâve been alive, thatâs saying something. 2/ Innovation never waits for rules and regulations⦠but it eventually gets it. 2023 was the year crypto got hit by a full frontal attack from U.S. regulators and lawmakers. Luckily, it was able to hold its groundâ¦Â Fred thinks 2024 will be the year that U.S. regulators and lawmakers finally come to terms with Web3.Â
[Source: @Bitcoin_Teddy]( 3/ Blockchain tech needs its âChatGPT momentâ. A.I. had its big coming-out party last year. The big catalyst: ChatGPT. Developers use it to help them code. Analysts use it to help break down data sets. School kids use it for educational purposes to cheat on assignments/tests. It took 40 years, but A.I. finally hit mainstream adoption. Fred thinks 2024 will be the year that mainstream decentralized applications begin to emerge for crypto. 4/ A.I. and Web3 are two sides of the same coin. Thereâs been a big debate over the last year: TeamAI or TeamWeb3? (I havenât seen an argument this intense since middle school girls were arguing #TeamJacob or #TeamEdward). Well, Fred thinks theyâre two sides of the same coin⦠- AI will help make Web3 usable for mainstream applications. - Web3 will help us trust AI. - Together they will lead to a more powerful, more resilient, more trusted, and more equitable internet. 5/ VC investing wonât grow much this year. Fredâs reasoning? Limited partners (aka the people who provide money to VCs) have taken a beating recently and are cautious with their funds. As a result, VCs are struggling to raise funds, scaling back, or shutting down completely. And because venture funds usually have a ten-year life cycle, Fred thinks itâll take a few more years to reset. BITE-SIZED COOKIES FOR THE ROAD ðª [Check out the top news stories from 2023.]( Look back on a wild 2023 with this consolidated list of the top headlines from last year. âDL News [The U.S. government dropped 6 charges against fkSBF.]( As a result, fkSBF wonât be prosecuted for political campaign finance violations. [The AVAX Foundation announced it was going to invest in memecoins](. Basing the criteria for investment around metrics such as liquidity, social sentiment, project maturity, and the number of holders. [VanEck released a new Bitcoin ETF commercial](. The battle between ETF applicants continues to heat up⦠will there be a round of Super Bowl ads coming our way? [Total value locked across DeFi protocols has surged to levels last seen prior to the collapse of FTX](. Just as Bitcoin crosses the $45K mark for the first time since April 2022. [Bitcoin exchange reserves hit a multi-week low](. A sign that long-term thinkers are continuing to HODL at these price levels. MILKY MEMES ð¤£
[Source: @TheBTCTherapist](
[Source: @AltcoinGordon]( RATE TODAYâS EDITION What'd you think of today's edition? [ð¥ð¥ð¥ð¥ð¥ F**king great](
[ð¥ð¥ð¥ Meh, do better](
[ð¥ 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] 2024 is our year Jan 2, 2024 0 Likes 0 Retweets 0 Replies WANT TO SPONSOR THIS NEWSLETTER? Over 250,000 subscribers are throwing a party, and your brand is invited! Tap into our network of savvy (and good-looking) crypto & Web3 enthusiasts who are eager to learn and invest. Your Brand + Our Crypto Clan = Magic Waiting To Happen. [RSVP to the party!]( 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]( © 2024 Milk Road 603 Munger Avenue Suite 100 #1006
Dallas, Texas 75202, United States