GM. This is the Milk Road and today we're gonna get right to it....
WE'VE GOT NEWS
Hey everyone, Shaan here.
I hope you’re sitting down, because we have big news.
The Milk Road is getting acquired!
That's right. We got bought. Scooped up. Chugged down.
First let me say… this wasn’t an easy decision to sell.
Me and Ben spent hours and hours on phone calls debating if we should sell or not. We had so many late night phone calls, my wife thought I was having an affair.
I told her no, honey,… it’s worse. I’m thinking of selling my baby.
Because Milk Road really is me and Ben’s crypto love child.
We launched less than a year ago, and so much has happened:
- Grew from 0 to 250,000 subscribers
- Wrote 265 newsletter editions without fail (we did skip leg day a few times though)
- Endless jokes, memes, and moments that made us laugh (like the time we lost $1M on Luna..)
So, what does this mean for you?
After all…there’s no Milk Road without YOU - the loyal readers of Milk Road Nation.
*cut to clip of thousands of people drinking milk and nodding*
The newsletter will stay the same. Short, funny summaries of daily crypto news.
Actually I lied.
It won’t stay the same…it’s getting better.
The new guys who own Milk Road (cool guys, more on them below) have deeper pockets, and want to invest way more into making Milk Road better:
- We’re hiring a bunch of new roles (if you're interested, hit that link!)
- We just launched a brand new website. It has great data, articles & tools (eg. this article about crypto wallets, or this guide to doing your crypto taxes). Plenty more to come.
- And… this deal gives me free time to launch a Milk Road podcast soon 👀
Our goal is for Milk Road to be the most widely used & trusted place for info in crypto. And we think this was the right move to make that happen.
OK OK.. cut the crap…are you guys selling out? Do you hate crypto now?
Did we sell? Yes.
Did we sell out? No.
We’re both still involved. But now we get to focus on just the two things we love to do (strategy & content) - and the new owners Mike & Kendall get to do all the actual hard work.
I’m joining their board. And we both re-invested some of the cash back into the company so we can keep a good chunk of equity ownership.
Who are the new owners? And what are their intentions with my daughter?
Don't worry we questioned their intentions like we were Martin Lawrence and Will Smith from Bad Boys (The original, the second, and For Life).
Mike & Kendall are awesome guys. They’re crypto OGs, who have built big internet companies before this. Mike built one of the internet's biggest eCommerce sites for gold investors (JMBullion). He did it for gold, now he’s doing it for digital gold.
Kendall did the same in sports betting, and is a big crypto & NFT whale.
They own a bunch of popular crypto sites (like EthereumPrice.org, BitcoinPrice.com, PlaytoEarn.online, etc.) and now Milk Road is going to be the main brand for the company.
To be honest, these guys are way better operators than we are. We've gotten to know them and see how they work... it's impressive. Our baby is in good hands.
So yea, that’s the news.
Cat’s outta the bag. Cow’s off the road.
Thank you to everyone for reading every day. It’s been an absolute pleasure losing money in the crypto markets with you this year.
From Day 1,
TODAY'S EDITION IS BROUGHT TO YOU BY COINLEDGER
It’s officially that time of year again. The time of year where you can save thousands of dollars in taxes owed to Uncle Sam by tax loss harvesting—AKA by selling worthless assets at a loss to lower your tax bill.
For NFT and crypto investors, there are HUGE tax-savings opportunities on the table as most NFTs are down 95% or more this year.
This is precisely why CoinLedger recently launched their new, free service: The NFT Loss Harvestooor.
The NFT Loss Harvestooor is a smart contract deployed to Ethereum mainnet that will purchase your NFT for 0.00000001 ETH—even if your NFT has no liquidity!
This will allow you to sell your NFT, claim the capital loss, and drastically lower your taxes.
One NFT investor has already reduced his tax bill by $7,400 by using the NFT Loss Harvestooor!
See how much you could save on your taxes today. Learn more here.
WE'VE GOT MEMES
— davis 🐺🦊 (@basedkarbon)4:52 PM • Dec 14, 2022
That's a wrap for today. Stay thirsty & see ya tomorrow! If you want more, be sure to follow our Twitter (@MilkRoadDaily)
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A ROADERS REVIEW
VITALIK PIC OF THE DAY
Vitalik with the creamsicle drip
— Milk Road (@MilkRoadDaily)1:05 PM • Dec 15, 2022
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.
