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GM. This is Milk Road, your calming source of sanity in the crypto mania phase.
(*Presses play on ‘Soothing Whale Sounds Compilation 2009’ CD*)
Here’s what we got for you today:
- ✍️ Mania Phase, initiated!
- ✍️ Largest ETF flows ever
- 🎙️ The Milk Road Show: Investing in AI Agents: Crypto’s Next Big Trend w/ Piers Kicks
- 🍪 State-owned Bitcoin reserves?
Prices as of 2:00 PM ET. Click here for our Fear & Greed Index.
WELCOME TO THE MANIA PHASE (FIRST STOP, MEDIA ATTENTION) 😵💫
There’s different levels of news.
Or better yet – different pockets of news.
Here’s what we mean by that:
- There’s the news that you and your friends mostly talk/know about (e.g. Crypto)
- The news that people under 40 mostly talk/know about (e.g. Diddy)
- The news that people above, say, 18 mostly talk/know about (e.g. US Elections)
- The news that the entire world talks/knows about (e.g. COVID)
These pockets can overlap (just ‘cause your over 40 doesn’t mean you might not have heard of the Diddy scandal) – but they generally spread further within particular circles/algorithms.
And once every four years or so, over the course of a 6-12 month period, crypto makes the jump from:
“News that you (a crypto nerd) and your friends (also crypto nerds) mostly talk/know about.”
To
“The news that people above, say, 18 mostly talk/know about.”
And it all starts when we reach the first stop in the ‘Mania Phase’ of the bull run: Media Attention (a time in which mainstream media starts yappin’ about crypto). 👇
We believe we’ve just entered the Media Attention phase of the current bull cycle.
The catalyst? Bitcoin hitting $100k. Here’re a few examples of the growing mainstream media attention…
1/ The Financial Times just issued an apology to crypto holders
Seriously. After Bitcoin hit $100k, we got this:
A little tongue in cheek? Sure. But the change of tune was backed up (at least for now) by their recent choice to educate their readers on – wait for it – memecoins.
2/ The BBC talks $BTC
“Carol Alexander, professor of finance at Sussex University, told BBC News that fear of missing out (FOMO) among younger people will see Bitcoin's price continue to rise.”
3/ Bitcoin is on the front page of nbcnews.com
“Financial advisers are hearing more interest in digital currencies”
Is plotting each step of the market’s phases a perfect science? Absolutely not.
(These are just three examples, nothing is concrete just yet. That said…)
A few more texts from people we haven’t heard from in years asking for advice on crypto, and we think we’ll be ready to officially confirm it.
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COTD: LARGEST CRYPTO ASSET INFLOWS EVER 🔥
Still not convinced we’re in the ‘Mania Phase’ of the bull run after reading our first article?
Ok, make sure your hands are free, ‘cause we’re going to need you to hold our beer in a second…
Last week alone, digital asset investment products took in…
* checks notes…does a double take…mutters “surely that can’t be accurate” *
3.85 billion dollars of investment.
(That’s more ridiculous than our intern, Raul’s decision to allocate 100% of his portfolio to memecoins).
In total, Bitcoin drew in ~$2.5B, while Ethereum took in a record ~$1.2B!
To add further weight to those figures: a good chunk of these flows found their way to the Bitcoin ETFs, helping to push their total holdings above 1.1M Bitcoin, flipping Satoshi’s known holdings as of last Friday. 👇
Ahem…
THE RISE OF THE DIGITAL DEGEN (AI AGENTS 🤝 CRYPTO)
Boy, were the Terminator movies wrong!
We were told AI was going to rise up and go to war with humanity… Turns out it’s just breeding digital degens.
(Seriously - forget memecoins, the future of degeneracy lies in intelligent agents).
In today's episode of The Milk Road Show, we're exploring the AI agent meta with Piers Kicks from Delphi Ventures, examining how these autonomous bots are shaking up the crypto world.
Covering:
- The Virtual Protocol – what is it?
- How can you invest in AI Agents?
- Why AI Agents have the potential to be the next big narrative?
Plus a whole bunch more! Check it out below. 👇
YouTube | Spotify | Apple Podcasts
BITE-SIZED COOKIES FOR THE ROAD 🍪
Ledger launches another hardware wallet: Ledger Stax. Me? I’ve already got myself a Ledger but this sleek beauty has me thinking about an upgrade.
Big week ahead for macro. CPI, PPI and jobless claims are the main events to watch. With the FED meeting just around the corner, stay tuned—we’ll keep you updated every step of the way.
Amazon might possibly add Bitcoin to their treasury. First it was Microsoft and now Amazon. Absolutely wild. Who’s next?
US states are pushing for state-owned Bitcoin reserves. There’s been a lot of buzz around a national Bitcoin reserve but it looks like that states might beat them to the punch. Interesting, eh? - DL News
We’re on the hunt for a kickass social media manager to join our team! The best part? That’s just one of the 5 open roles waiting for you. Check out if the roles fit your vibe.
Gemini is handing out cash for free. By spending $3,000 with Gemini’s credit card, you’ll get $200 straight into your pocket. Sounds too good to be true?* * This is sponsored content.
MILKY MEMES 🤣
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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.
