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GM. This is Milk Road, the newsletter packed so full of sugary crypto goodness it has the FDA on its ass.

Here’s what we got for you today:

• ✍️ 10 huge moments you missed in Nov.

• ✍️ What to look out for this month

• 🎙️ The Milk Road Show: Will This Be the Last 4-Year Bitcoin Cycle? w/ Charles Edwards

• 🍪 WisdomTree files for an $XRP ETF

10 HUGE MOMENTS YOU MISSED IN NOVEMBER 😦

You know those stories your five year old nephew will tell you?

“This happened, and then this happened, and so-and-so was there, and I saw a red car, and then this happened…”

(For us, that nephew is Teddy – he’s a sweet kid with a near-endless bank of good news that he wants to share with the world).

Well…today, we’re going to be channeling our inner Teddy. 

‘Cause so much wild sh*t happened in November that relaying it with any sense of direction feels damn near impossible.

Ready? Ok. Deep breath in…

Aaaaaand GO!

1/ Bitcoin’s monthly returns were +37.29%

This is one of the highest monthly returns this year, second only to the post-ETF boom of February!

2/ The crypto market cap saw the highest monthly dollar gains of all-time +$1.19 trillion

For context, in February of 2021, the entire crypto market cap was ~$1.19T. We just added that in a month!

3/ Demand for $BTC from the ETFs outstripped new supply by 5x!

(Supply crunch anyone?)

4/ Demand for $BTC from Microstrategy outstripped new supply by ~10x!

“@Bitcoin ETFs, hold my beer” – Saylor

5/ $ETH ETFs closed out the month with record net daily inflows 

$333M entered the $ETH ETFs on Friday, marking the largest single day inflow in history.

6/ America elected a NFT/DeFi founder

Imagine getting in a time machine and telling yourself that, right after FTX imploded. 

You’d have to bring receipts to prove it 👇

P.S. Shout out to the PRO team for calling $COW early!

7/ Gary Gensler stepped down

Regulatory clarity here we come!

8/ Alt ETFs took one big step towards becoming a reality

ETF applications were filed for Solana, Ripple, Litecoin, and Hedera. 

9/ Ripple flipped Solana to take the #3 spot in total market value

$XRP did so after adding – wait for it – $81B to its market cap in November!

10/ Smart contracts get their day in court

A court has ruled that smart contracts are not owned by any one person or entity, therefore no one can be held directly accountable for what happens with them.

Translation: this is going to make crypto-targeted lawfare a WHOLE lot harder to execute in the US.

Ok, stop the clock! Time out. We need to take a breather.

If anyone needs us we’ll be rummaging through our medicine cabinet, looking for an inhaler.

WHAT TO LOOK OUT FOR THIS MONTH 📅

Alright, time to bring some sanity back to this thing… 

Let’s keep our ‘What To Look Out For This Month’ list to 5 points.

1/ Macro 📊

• Fed Chair Powell Speaks - Wednesday - what are Jerome Powell’s thoughts on the current state of the US economy?

• November Jobs Report - Friday - this is a snapshot of the US labor market (inc. the number of new jobs created, unemployment rate, average hourly earnings, and hours worked).

• CPI Report - Wednesday December 11 - how much has the cost of everyday items gone up/down?

• Fed Meeting - Wednesday December 18 - will the Fed cut rates again this month?

Inflation hasn’t been falling as fast as the Fed would like it to, which means without a flat or falling CPI report on December 11, they’re less likely to cut rates.

Here’s hoping we see signs of lowered inflation next Wednesday!

2/ Token unlocks 🔓

If you hold $JTO – brace for potential price fluctuation! Jito is unlocking close to $500M worth of tokens on Saturday.

(That’s 2x the current circulating supply!)

3/ A potential market dip over the next week or so?

Bitcoin leads the market (if it's rising/falling, the rest of the market often follows) – and over the past 6 months, well… 👇

4/ Rumors of ‘major announcements’ coming from Solana on Thursday?

5/ A Santa Claus rally in 2024?

During bull runs, Christmas time often comes with an added gift for investors (i.e. markets often rally towards the end of December).

E.g. In Dec. of 2020, Bitcoin rallied 50%+ between the 16th and the 31st. 👇

(Ho ho ho mf’ers!).

Ok, so, to recap – your wish list to Santa should include:

1. Weakening jobs data, leading to…

2. A rate cut on December 18th, leading to…

3. A Santa Claus rally in the last few weeks of the year

4. A flamethrower (No relation. It’s just – why not float the idea? Worst case you don’t get it. Best case you get a FLAMETHROWER).

Alright, Milk Man out!

BITE-SIZED COOKIES FOR THE ROAD 🍪

WisdomTree files for an $XRP ETF. In case you haven’t heard already, Ripple killllled it this weekend. This ETF application is likely one of the key catalysts behind the price surge. Dino-coins ftw.

Ripple could soon enter the stablecoin market. Back to back news about Ripple? Yep, we give the people what they want. Ripple’s $RLUSD stablecoin could roll out as early as December 4th. - DL News

Pump.fun weekly revenue drops 66%. After its whole livestream debacle, pump.fun has taken a real hit.

Marathon Digital to raise $805M to buy more Bitcoin. Following in the steps of MicroStrategy, Marathon offers 0% convertible notes to raise money. Saylor is the #1 influencer.

We’re currently growing our team and are on the hunt for someone to lead partnerships at Milk Road. Think you’ve got what it takes? Click above to read the job description and apply.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.