ETHpocalypse Now

Is Ethereum doomed? [Altucher Confidential] March 24, 2023 [WEBSITE]( | [UNSUBSCRIBE]( “ETHpocalypse” is a nothingburger, but that doesn’t mean we’re out of the woods yet. [Hero_Image] ETHpocalypse Now By Chris Campbell Patent #11,219,620: The Most Valuable Patent In History? I believe this could over time become the single most valuable patent in history. [That’s because this patent is just some of the exciting work being done by a company which is developing treatments for one of the biggest and most common diseases in America…]( A disease which impacts 54 million people, or about 26% of the adult population in America. Whatever you do, do not let this opportunity pass you by. [Click here now for the details.]( [Chris Campbell] CHRIS CAMPBELL The CFTC says Ethereum is a commodity. The SEC says it’s a security. I don’t think this issue is going to be resolved any time soon. Congress is split, so the current “regulation by enforcement” regime is likely to continue. Especially after Coinbase -- a bonafide good actor in this space -- received a Wells notice from the SEC, which is a signal to the industry that more enforcement action is coming. And yet… You wouldn’t guess it by looking at the crypto markets. Bitcoin is up 11% this week and 33% in the past two weeks. So is the bull market on? I personally don’t trust it. The pulse is erratic. There’s far more noise than there are signals. And one major worry is that Ethereum is about to suffer a massive sell-off -- an ETHpocalypse. Let’s explore that. How Bulls Begin Again, crypto is looking strong on the surface. So far this year we’ve seen Bitcoin jump from $16,000 to $28,000. This is usually how bull markets begin. First, Bitcoin goes on a run, raising Bitcoin dominance over Ethereum. Then Bitcoin stabilizes and money flows into Ethereum. Ethereum then runs up, creates a floor, and money flows to altcoins, which see a huge jump. That’s the framework many crypto traders use to try to time the market. Sometimes it works. Most of the time, it’s not nearly as clearcut. And today, there are far too many wild cards at play to count on it. An uncertain regulatory environment is just one of them. Take, for example, the Shanghai Update, for which [we now have a set date]( April 12. That’s less than three weeks from now. Put simply, that’s when tons of staked Ethereum gets unlocked. At the moment, about 17.5 million ETH are locked -- more than $25 BILLION worth. Some crypto pundits have warned that, given the selling pressure, this will crash Ethereum, triggering the… Attention! Before You Read Any Further… [Click here for more...]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( ETHpocalypse Sounds scary, but consider what they don’t say: A.] 57% of those holders have had the chance to sell for over a year (through liquid staking protocols). And they didn’t. B.] Only about 32% of the locked Ethereum is in profit. The rest were bought when ETH was above $2,000. C.] Contrary to popular thought, not all Ethereum will unlock all at once. The unlock will be gradual. This is far from an ETHpocalypse. Bigger Things At Play In all, the Shanghai Update is likely to be a nothingburger. We suspect that there might be a small sell-off, but will be far from apocalyptic for Ethereum. And the narratives forming around crypto -- bullish and bearish -- are mostly meaningless. While we remain bullish on the long-term prospects of crypto… There’s still too much uncertainty to know which way crypto is headed in the short-term. Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Warning: Will “Bidenflation” Destroy Your Retirement? [Click here for more...]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [Click here now to get the simple, step-by-step actions to survive “Bidenflation.”]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](