Sup, nerds!

Here’s what you’re getting in today’s edition:

• 💅 This is cool: Robots are taking your (barista's) job

• 🔎 This seems important: 2024’s most profitable narrative is…

• 🤝 Partner: SOLD! Bourbon generates 23% return for investors​

• 🔪 Let's dissect this: The latest doomsday theory for BTC

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Memecoins, decentralized, market cap, blockchains, bull run, proof-of-work.

💅 This is cool:

Robots Are Taking Your (Barista’s) Job...

In one sentence: A fully-automated robot is at Token2049 serving coffee and sprinkled ice cream, backed by a fully decentralized crypto payments system.

There’s this saying coined by Peter Thiel that underlines the tech world’s knack of over promising and under delivering:

“We wanted flying cars, instead we got 140 characters” (referencing Twitter’s original 140 character limit).

Another favorite of ours comes from Elon Musk’s son, Saxon, when he poised the question:

“Why doesn’t the future look like the future?”

We’re optimists by default — but we can empathize!

Cause sometimes tech can be so…meh.

Which is why weird combinations/applications of new technology like this grab our attention:

Right now, there’s a fully-automated robot serving coffee and sprinkle-topped ice cream at the Token2049 Conference.

And it’s all backed by a fully decentralized crypto payments system.

Ok, ok, it might not be as awe-inspiring as flying cars…and it might not be solving a big, glaring, society-level problem…

But it’s pretty damn cool (and a solid step forward from ‘text threads online,’ no?)

What’s the hidden takeaway here?

Crypto payment rails are quickly becoming faster/easier to implement than traditional payment systems.

It isn’t the sexiest use-case…but its finding product-market-fit, and that’s what matters in the race for adoption.

🥇 Want the news before anyone else?

🔎 This seems important:

2024’s Most Profitable Narrative Is…

In one sentence: Memecoins registered an average return of over 1300% across the top tokens by market cap (outperforming RWAs in profitability by 4.6x).

Memecoins.

Memecoins are the most profitable narrative of 2024.

The sector (if you’d call it that?) registered an average return of over 1300% across the top tokens by market cap.

And it has a pretty solid lead on the competition:

According to CoinGecko analyst Lim Yu Qian, the memecoin narrative was 4.6 times more profitable than the next best-performing crypto narrative of tokenized real-world assets (aka RWAs).

The best part?

Because these trades are being made on public blockchains, all of these crazy bets are fully trackable. For example:

• One investor (/gambler) turned $13k into over $2M in just under one hour, after buying into the MOEW token.

• While someone else turned $8.3k into — get this — $6.5M, with a well-timed purchase of APU tokens.

Here’s the strange part:

This kind of high-octane-gambling behavior isn’t out of place in the crypto space…

But it usually only takes hold when the market has entered its ‘mania’ phase.

(And right now, we’re far from that point).

Maybe all those Twitter pundits were right — maybe this time is different?

🤝 Partner:

SOLD! Bourbon Generates 23% Return For Investors

Vinovest sold its bourbon casks for $1,850 each resulting in a 23.3% return for clients over 1 year. This is Vinovest’s third whiskey exit. (Quite a track record.) And with Barron’s projecting that whiskey investing is “a global phenomenon that shows no signs of slowing down,” now could be a perfect time to add casks of whiskey to your portfolio.

Vinovest is the all-in-one platform that allows you to capitalize on this lucrative asset class in just minutes. Schedule a call with a whiskey advisor today.

🔪 Let's dissect this:

The Latest Doomsday Theory for BTC

In one sentence: There’s a theory that the more interest BTC gets post-halving, the more regulatory scrutiny it will be put under which could ultimately be a net-negative for Bitcoin (and therefore, the industry as a whole).

Right now, everyone’s talking about the BTC halving - and so they should be, this halving is probably the biggest event in BTC’s history after it’s creation.

But we just read a story that caught our eye.

The premise: the more interest BTC gets post-halving, the more regulatory scrutiny it will be put under which could ultimately be a net-negative for Bitcoin (and therefore, the industry as a whole).

So the theory goes, because the amount of new supply introduced into the market will be halved (following the halving event), it’ll result in ‘crypto mania.’

The difference this time compared to any halving before it is that now we have BTC ETFs in the US.

Crypto mania is good when things are going well, but historically what we’ve seen is when things go up quickly, they usually come down just as fast (or faster!).

The job of regulators is to keep things in control, not to let the value of BTC go in either direction too quickly.

If this bull run turns into complete crypto mania (as it has in previous bull runs), then regulators may be forced into rethinking regulation to regain market stability and protect investors.

Other areas may also need to be rethought - for example, BTC uses proof-of-work which requires a ton of resources to produce enough energy to validate transactions. So regulation around sustainability may be on the table as well.

The good news is, for now, these are all just theories and ideas.

And if there’s one thing we know about the crypto markets it’s that what we expect to happen, and what actually happens, don’t always align.

Happy Halving!! 🌗

What The BTC Halving Could Mean For Crypto