🤑 Bitcoin is Heading to $45 Million

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GM, the week size is once again colossal.

While on the one hand, Trump spoke to the Nashville Bitcoin Conference as a crowd of silly kids who are “...playing with their Bitcoins and crypto and other things”, on the other hand, his mic-drop moments about firing Gery Gensler on day one and creating a national forever-HODL Bitcoin reserve cannot be understated.

Trump's victory is now crucial to keeping this bull run alive. Anything unexpected around this matter might cause a black swan, but let’s not attract negative things.

Back to the short term, this week is packed with US macro data. The big ones are tomorrow's US job openings and Wednesday’s FOMC and rate decision. With Bitcoin looking very, very bullish, it’s expected to see another post-FOMC green move.

No matter how bullish we are, nothing beats Saylor-level bullish. He enjoyed his stage shilling in Nashville tremendously and said that Bitcoin is heading to $45 million. I mean, in the long term, I couldn’t agree more. 

Finally, the post-ETH ETF situation is starting to look brighter. Not only is Grayscale expected to run out of ETH by next week at this rate, but the post-Bitcoin ETF history shows that the market stops caring about their dumps after they dispose of 15% of their supply—which, you guessed it, is right now.

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SOL/USDT 3D Binance Log Chart

The Solana 3D chart has given the best signals this cycle. The Ichimoku 3D is also amazing. This is a simple 10/20 MA cross (yellow circles) that gave a buy signal at $20 and trended all the way to the $210 highs, then crossed bearish at $160.

Since then, we have printed a fat double bottom, and the same signal just triggered again.

There is also very little froth in the market positioning. The aggregated long/short accounts data is trending back to 1:1—just the reset needed to send us to four digits.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Y2K = Fractality Protocol

I'm hearing things, and when the whispers are about a protocol with a stellar team building something like Ethena, but with use cases beyond just ETH, I’m all ears. 

Y2KFinance recently unveiled and successfully passed a new proposal to build, launch, and maintain the Fractality Protocol. 

“Fractality Protocol is a lending protocol where users can deposit crypto assets and earn a variable yield. The protocol borrows these assets to arbitrage and yield strategies including basis trading (funding rate arbitrage or “FRA”) on-chain on DeFi protocols and off-chain on centralized exchanges.”

Now, many teams can make big plans, but we want to note only teams with outstanding track records. In this case, considering Y2K already built its flawless and innovative Risk Markets for Pegged Assets and Turbo Options, this strategy checks out. 

I strongly suspect DeFi will shine bright again, and it’s happening soon. A protocol with grand plans, a stellar team, and a market cap of only $4 million ($8M fully diluted) is exactly what I’m looking to bet on for outsized returns. Not financial advice, of course, but I love finding something with huge growth potential and a very low valuation.

The important bits.

• Skillful AI (AI) - Adds 3 LLM features - read

• Radix (DeFI) - Adds new Token Trek Quests of the Week -read

• Core DAO (Bitcoin DeFi) - Launches TikTok channel - read

• CULT (Remilia token) - TGE coming in very soon - read

• TON (L1) - Gasless transactions go live - read

• Dinero (DeFi, LST) - Launched Institutional ipxETH with Nomura Digital - read

• Basedmilio (Meme) - Now available as collateral on OX.fun - read

Even more important bits.

• RFK: “Most of my wealth is in Bitcoin, I’m fully committed” - read

• CZ’s prison sentence ends September 29th - read

• Jersey City to allocate a percentage of its pension fund to buy BTC ETFs - read

• Bitcoin is rapidly evolving thanks to Ordinals - read

Life gets busy so here’s what you’ve missed.

Web3 Gaming is Inevitable – Don’t Get Shaken Out Here

Research

We'll continue banging the drum that Zentry is a sleeping giant in a massively overlooked sector.

Right now, GameFi plays are hardly at the top of the agenda, but you should really be paying attention to the massive retail and onboarding potential and identifying a horse to back.

Read More →

To save you doom scrolling.

Typical crypto history character. In this case, responsible for about half of USA’s BTC strategic reserve value.

The importance of the time and place for crypto right now is not to be understated or faded. All the big FUDs are behind us. Germany sold out, the US Bitcoin reserve won’t be sold, Mt.Gox cleared, and basically, no one is selling… I don’t know about you, but this feels like the real entry into the Golden Bull. 

stay safe homies,

Hix0n 🫡