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  • šŸ„› 98% of Bitcoiners are in profit šŸ¤‘

šŸ„› 98% of Bitcoiners are in profit šŸ¤‘

PLUS: this NFT just sold for $16M! šŸ¤Æ

Todayā€™s edition is brought to you by LightLink ā€“ an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions.

GM. This is Milk Road. Your venti triple shot espresso of crypto, with a side of memes.

Hereā€™s what we got for you today:

  • BTC is hitting new all-time highs around the world šŸ“Š

  • 98% of BTC investors are in profit šŸ¤‘

  • Institutions poured billions into crypto last week šŸ’ø

  • The NFT market has gone multi-chain šŸ‘€

  • Meet the NFL player who bet big on BTC šŸ”®

  • This CryptoPunk just sold for $16M šŸŖ

4 GRAPHS YOU NEED TO BE TRACKING RIGHT NOW

1/ Bitcoin is hitting all-time highs around the world

šŸšØATTENTION! This is not a drill!šŸšØ

BTC has hit a new all-time high in 14 of the top 20 currencies in the world. 

I repeat, this is NOT a drill!

Next up? ā€˜Merica. 

(BTC is about 4% away from hitting a new all-time high in U.S. dollars).

2/ Almost all BTC investors are now in profit

Hereā€™s a crazy stat for youā€¦

About 98% of all BTC investors are now in profit. 

Milky Fact of the Day: The last time Bitcoiners were this profitable was in November 2021.

Congrats, you can all call in sick rich at work today!

**static noise**

We interrupt your regularly scheduled programming to bring you a quick word from our sponsorā€¦

LightLink, a hidden EVM L2 gem with gasless transactions and Celestia underneath, announced its token distribution via Fjord's Liquidity Bootstrapping Pool (LBP).

LBP leverages a unique price decay mechanism with weight-based adjustments, ensuring fair token pricing while keeping bots at bay. 

Fun fact: Projects launched on Fjord Foundry boast an impressive average ROI of 308% compared to other launchpads!

What's the buzz about LightLink?

  • Locked in $4.5 million in seed funding.

  • Forged a partnership with Animoca Brands + Celestia underneath.

  • Achieved an average gas fee of 0.00 ETH (yep, absolutely gasless!).

Follow LightLink on Twitter to catch all the updates on their LBP and more.

**static noise**

And now back to your regularly scheduled programmingā€¦

3/ Crypto funds are seeing massive inflows

The results from CoinSharesā€™ latest report are inā€¦ 

$1.84B was invested in digital asset investment products last week. 

Itā€™s the 2nd largest weekly inflow on record.

Hereā€™s everything else you need to know from the report:

  • Trading volumes hit $30B, a new weekly record. 

  • BTC saw 94% of the investments. 

  • ETH saw $85M in total inflows, the largest weekly inflow since July 2022. 

  • Assets under management (AUM) hit $82.6B, and are close to reaching a new all-time. (It was ~$86B back in 2021).

  • Most altcoins saw minor inflows. MATIC led the way with ~$8M, while SOL saw minor outflows for the 3rd straight week. 

Weā€™ll see whatā€™s in store this week, but I have a feeling* it could be another record-breaker. 

*Side note: TBD if this feeling is a ā€œgut instinctā€, or the Taco Bell I ate last night. 

4/ Bitcoin is dominating the NFT market 

Itā€™s official. The NFT market has gone multi-chainā€¦

5 blockchains have seen over $1M in NFT volume over the last 24 hours. 

The surprising part? Bitcoin is leading the way. 

The OG blockchain has almost seen as much NFT volume as the other 4 blockchainsā€¦ combined!

THE NFL PLAYER WHO MADE A BIG BET ON BITCOIN šŸ”®

Meet Russell Okung. Heā€™s a:

  • Former NFL star

  • 2 time Pro Bowler

  • Super Bowl champion

And in 2020, Russell made a BIG decisionā€¦ 

He became the first NFL player to take part of his salary in BTC (it was ~$30K at the time).

At first, everyone laughed him out of the buildingā€¦ 

Money managers called him a dumb jock. 

Financial advisors said he got hit in the head one too many times. 

Fast forward to todayā€¦ Russell Okungā€™s Bitcoin bet has more than doubled.

Hereā€™s what he recently had to say about the process: 

ā€œLife is crazy.

Countless hours with financial advisors and money managers, fearing the loss of wealth, and at the end of the day financial engineering went out the window.

I simply buy Bitcoin, land, and embrace group economics.

Now, more time to invest in family.ā€

Russell ā€œI Told Ya Soā€ Okung

Here you go, King, you dropped thisā€¦ šŸ‘‘

BITE-SIZED COOKIES FOR THE ROAD šŸŖ

How Airdrops Work and Where To Find Airdrops. Check out the Milk Road guide to earning free tokens and an explanation of how they work. Who doesnā€™t like free stuff right? 

A crypto exchange in Hong Kong disappeared with $57M last week. The crazy part? The ā€œcompanyā€™s addressā€ leads to an empty office in a strip mall. ā€“DL News.

This CryptoPunk NFT just sold for 4,500 ETH (worth $16M). Itā€™s the second-largest CrytoPunk sale ever.

Crypto stocks are surging as BTC approaches a new all-time high. Coinbase, MicroStrategy, CleanSpark, Marathon Digital, and others were all up over 5% in pre-market trading today. 

Memecoins continued their rally over the weekend. The biggest winners? $PEPE, $DOGE, $BONK, and $WIF. 

Tetherā€™s stablecoin (USDT) just hit a circulating supply of 100B tokens. The total USDT supply (including those minted and authorized) amounted to 104 billion as of Monday, according to data from The Block.

MILKY MEMES šŸ¤£

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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.

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