π₯ 'BTC to $400k' π³
AI Summary
The newsletter covers hot takes on Bitcoin's potential rise to $400k, gas tokens as strategic reserves, and analysis of CoreWeave's debt. It also discusses Lighter's token unlock problem and Kyle Reidhead's view on buying during market chop, plus educational content on crypto IRAs and the tax implications of Bitcoin trades.
Key Facts
Author Takes
Bitcoin price prediction
Bitcoin will follow silver's script to $400K.
Gas tokens as strategic reserves
Gas tokens powering blockchains will become strategic commodities as more assets move onchain.
CoreWeave debt
CoreWeave's bond yield is not the right metric; average borrowing cost has fallen to 8.3%.
Lighter token
Lighter's token faces $50M monthly unlocks starting January, so he won't touch it despite liking the product.
Market chop
Chop is the signal to buy, not tune out.
Related topics
Related
π₯ Solanaβs biggest upgrade ever β‘
Milk Road reports that Solana's Alpenglow upgrade goes live Oct 21, cutting transaction finality from ~12.8 seconds to ~150ms. It also covers Nexo's D
π₯ βThis bull run is only 8.5% doneβ π
Hotter-than-expected inflation data raised odds of another Fed rate hike and briefly dropped Bitcoin to ~$82.8K, but long-term BTC holders have sold o
π₯ Is this alt season? π
Milk Road's analysts debate whether the recent altcoin strength is a confirmed alt season. 96% of top 50 coins beat BTC in September, but indicators a