GM. This is Milk Road, the newsletter that loves ending the week with some hopium.
Here’s what we’ve got for you today:
- ✍️ 3 bullish charts for every crypto investor.
- 🎙️ The Milk Road Show: Natalie Brunell: Retail Still Isn’t in Bitcoin… And That’s Extremely Bullish.
- 🍪 DeFi United.
Consensus Miami is one of the largest digital asset conferences that’s going all in on crypto and agentic commerce. Grab your passes at 20% off.
Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.
3 BULLISH CHARTS FOR EVERY CRYPTO INVESTOR 🤑
As we said last Friday, we like to find an excuse to send you off into the weekend with a big ol’ smile on your face.
So here’s our best attempt to do just that.
Here are the 3 bullish charts every crypto investor wants to see right now.
1. Bitcoin continues to rip
This week, Bitcoin pushed above $79,000.
This is its highest level since early February.
In fact, BTC is up 24% since the start of the war.
When the war started, most people expected the S&P 500 to fall and BTC to fall even harder.
But something wild happened:
- The S&P 500 did dip but then recovered to touch new highs.
- While Bitcoin didn’t really have a big drop at all (see below).
(Do you have a smile on your face yet?)
2. ETFs are following the same trend
Instead of boring you with long paragraphs, here are the quick numbers:
- Spot Bitcoin ETFs recorded $2B in net inflows during an 8-day streak of positive flows.
- 8 of the last 9 weeks have seen positive net flows.
- Since the start of the U.S.-Iran war, the Bitcoin ETFs have pulled in a total of $4.5B.
The takeaway:
Institutions are still interested in Bitcoin.
(Smile getting bigger?)
THE ENTIRE INDUSTRY IS HEADING TO MIAMI
Where do you go to hear people talk about crypto, AI, and real capital?
If you surface-level takes, then it’s probably in my group chat.
But if you want institutions with deep pockets, you’ll have to head to Consensus Miami.
Consensus Miami is one of the largest digital asset conferences that’s going all in on crypto and agentic commerce.
Here are the key details:
- 20,000+ global attendees
- $4T AUM managed by finance giants attending Consensus Miami
- The ultimate intersection of crypto and AI
The best part?
You can get an exclusive 20% discount on passes with code MILKROAD.
3 BULLISH CHARTS FOR EVERY CRYPTO INVESTOR (P2) 🤑
3. Crude oil is still below $100
This one’s the most important chart right now.
When the Strait of Hormuz closed, there were a lot of estimates.
“If the Strait of Hormuz remains closed till mid-April, we could see oil prices fly past $150.”
But the highest crude reached was around $120 and now it’s back below $100.
Here’s why:
Markets are pricing in a potential U.S.-Iran resolution after the ceasefire headlines.
When crude oil trades above $100, we call this the “stagflation zone.”
If crude prices stay there too long:
- Growth starts to take a hit.
- Inflation rises.
- Markets get nervous.
So seeing oil below $100 is a win for risk assets.
(You gotta be smiling now at least.)
Wrapping up
The macro backdrop for risk assets still looks bullish.
The main unresolved risk is the U.S.-Iran war.
If we get a real resolution there, markets could have another leg higher.
On that note, have a great weekend!
BITE-SIZED COOKIES FOR THE ROAD 🍪
The entire industry is headed to Miami. Get 20% off Consensus Miami passes with code MILKROAD.*
Latest update on the U.S.-Iran war. The U.S. negotiating team is now heading to Pakistan for a second round of Iran talks.
“DeFi United.” This is a coalition of DeFi protocols that are recovering funds for the KelpDAO hack earlier this week.
Ethereum Foundation sells ETH to Tom Lee’s Bitmine. A total of $24M has been transferred between the two parties.
Higher earnings rates. Lower borrowing costs. Up to 0.5% cashback. New U.S. clients get these benefits on Nexo for 30 days.**
*this is sponsored content. **this is partner content.
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