No BS. Essential Crypto News Only.

There’s nothing worse than consuming pointless information. 

For anyone who’s worked a 9-5 (all of us), you know exactly what I’m talking about. 

“F**k off Janet, I don’t care about your kids. Can’t you see I'm pretending to be busy over here? GOD.”

Sadly, it’s the same in crypto. X has become riddled with desperate crypto bros, looking to flog their shitty coins to some unsuspecting newbie.

It’s like a pyramid scheme for the world’s worst cult. ‘Buy my useless coins, so that I can stop spamming peoples replies with $FART coin memes’. 

So. Much. Noise.

Anyway, with that in mind… today's addition gives you just the key intel. No waffle. No BS.

If you can only read one email this week? This is THE email.

Gone in 60 30 seconds…

For those in a hurry, we’ve boiled down the intel into a 30 second digest. Time starts now:

• $BTC pumped, the market responded very well. We’re looking set for a rip real soon. (read our last email for more info)

• Biden = anti-crypto. Trump = pro-crypto. Biden vetoed a pro-crypto bill; Trump started accepting crypto donations towards his campaign.

• Robinhood bought a huge European crypto exchange that will make onboarding retail a lot easier. Moves like this are always bullish in the first instance.

• $GME (stock) pumped because the infamous Roaring Kitty returned to the scene (one of the main guys behind the original $GME run). Retail investors have jumped straight on the bandwagon. The appetite is still there, just wait until attention turns back towards crypto…

Want to read more? We covered off $BTC in our last edition so lets dive a little deeper into the President, Robinhood and that famous Roaring Kitty (lol, that sounds like the worst Harry Potter movie yet).

The Presidents have set out their crypto stances…

And of the two candidates, the crypto community is definitely more excited by the prospect of a Trump victory.

This week, Biden vetoed a pro-crypto bill that had successfully made its way through Congress. 

This doesn't bode well for those of us who are severely overexposed in digital money coins. But hey, we all know the risks. 

I know you don’t care about the details, but let me summarise: 

The bill essentially was designed to remove the special powers that the SEC has over cryptocurrency. The SEC rules require banks to keep customers' assets on their balance sheets - which makes it extremely difficult for businesses to interact with crypto. Congress proposed to get rid of this obstacle to make it easier for businesses but Biden has decided to pour water on the fire and veto the decision.

A word of advice Mr President, supporting Gary Gensler and his crusade against crypto is NOT going to go down well with the crypto world. 

On the flip side, Trump has started accepting campaign donations via crypto. He’s also spoken very bullishly on the future of crypto in the US. 

Regardless of what happens, this is going to be a central catalyst until the election is decided in November and one to keep a close eye on.

RobinHood acquires major exchange

This is a big acquisition of BitStamp (one of the largest european exchanges). 

The news alone is bullish, but we think that this will make it easier for Robinhood to onboard europeans. 

This is good for us, Robinhood is huge in the US. 

Them acquiring strategic exchanges shows their intent to expand their reach in crypto. Bullish.

$GME pump = return of retail?

Roaring Kitty - a name none of us had heard mentioned in years. Well that all changed this week, as the livestreaming legend returned with a bang buying $116 million worth of $GME stock. 

But more importantly, he also brought back thousands, if not millions of retail investors with him.

We don’t really talk about stocks in this newsletter, but let's be real… 

The retail investors arriving late to the current $GME party are literally the people that will flood back to crypto when the time comes. 

We’re assessing this as a test run to see where your average person's head is at…

Is there still an attitude for degeneracy? Abso-f**king-lutely. 

Has the average person improved their financial literacy over the last 4 years? awkward silence Next question.

FOMO will forever be the most powerful piece of psychology when it comes to crypto.

For example, when Roaring Kitty scheduled a live stream a few days ago, based on this news alone, $GME stock pumped 30%. Crazy. 

Just imagine when this crowd is let loose on the unregulated land of crypto…

That’s it! Hope you feel informed and ready to buy more digital coins! 

If you liked this edition, send it to your friends. At least that way you’ll know one person IRL that knows their crypto ;)

Until next time. 

The Bull Trap