Plus: Arthur Hayes says you're thinking about Bitcoin all wrong

GM. The blender broke halfway, so you're getting chunky crypto updates - chew carefully.

Here's the serving:

🍍 It's FOMC week.

🤔 "Wen Lambo" mentality.

🍋 WEEX review, stablecoin crashes to 20 cents + more

🍍 Market flavor today

Crypto Market Cap: $4.00T -0.98% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$114,789.20	-0.59%	2.52%
	Ethereum ETH	$4,517.89	-1.84%	4.59%
	XRP XRP	$3.01	-0.62%	1.78%
	BNB BNB	$917.59	-0.92%	4.92%
	Solana SOL	$233.76	-3.96%	9.27%

Lovely ladies and lively lads, welcome to FOMC week!

Wednesday's the big day when the Fed has to decide whether to cut interest rates.

Traders are confident that they will, btw.

And a quick reminder why that matters: lower interest rates = borrowing becomes cheaper = more spending and investing = more money that finds its way into crypto.

Now, what can we expect leading up to Wednesday?

Market analyst CrypNuevo says that things are likely to be quiet today and tomorrow, because traders usually hold back when they don't know how a big economic event will affect prices.

And Wednesday? That's when things get interesting - volatility is expected to rise once the Fed reveals its decision.

Some traders actually expect a "sell-the-news" reaction, but CrypNuevo disagrees for a couple of reasons:

👉 Bitcoin isn't at its all-time high right now, so there's less pressure for people to take profits immediately;

👉 Overall, the market sentiment isn't super bullish, so there isn't a ton of extra hype that could trigger a sudden drop.

Based on that, he expects any dip to be limited - maybe down to around $112K - $113K at most this week.

At the same time, trader Michaël van de Poppe notes that if Bitcoin breaks through $117.5K - $118K, we could be looking at a new ATH.

Basically, the week starts slow, Wednesday could bring fireworks, and there are some key levels to watch. It's gonna be an interesting few days 👀

🥝 Memecoin harvest

These tokens went from zero to moon in record time 🚀

Data as of 05:00 AM EST.

Check out these memecoins and plenty more here.

🤔 The "Wen Lambo" mentality

Just last week, I had this conversation with someone I know who recently got into crypto.

Long story short, they were bummed out because crypto had "disappointed" them - they expected way higher returns given all the hype around Bitcoin they'd been hearing.

FYI: they made their first Bitcoin investment eight months ago 🙃

This got me thinking about the issue of the whole "Wen Lambo" mentality - and coincidentally, this is also what tech entrepreneur Kyle Chassé and BitMEX co-founder Arthur Hayes recently talked about in a podcast.

So, I figured we'd break down what they said.

(And yes, I'm absolutely sending this newsletter to that person I talked to - hey Jason, hope you're actually reading this. Maybe even take notes 🤪)

Kyle started off by pointing out that lots of markets - stocks, gold, global liquidity - are hitting all-time highs right now. But crypto feels like it's lagging behind.

So, his question: "When is some of all the money floating around the financial system finally going to move into crypto?"

And Arthur responded that it's the wrong way to think about things.

Bitcoin has actually been the best-performing asset when you account for money printing and currency debasement.

Sure, stocks and housing have gone up in dollar terms, but if you measure them against gold, most haven't really gained much since the last financial crisis.

And gold is a better benchmark than dollars because it maintains its purchasing power over time, while dollars get printed into oblivion.

Now, let's take a look at how different assets compare to gold.

Dow Jones vs. gold 👇

Real estate vs. gold 👇

And last but not least, Bitcoin vs. gold 👇

As you can see, Bitcoin has absolutely demolished every other asset class when measured against gold.

So, Arthur's point: if you're looking at Bitcoin over a short time frame and wondering why it isn't exploding every week, you're missing the bigger picture.

People who've held it for years are already way ahead compared to holding dollars or traditional assets.

The takeaway: stop stressing about short-term movements. Bitcoin is crushing it over the long run, and expecting Lambos on your first week... yeah, that just isn't the right approach.

🍋 News drops you can't miss

🤔 Curious about the WEEX exchange and whether it's any good? We've poked around and put together all the details so you don't have to.

😬 Yala's stablecoin, YU, lost its peg after a security breach. At its lowest point, the coin crashed to ~$0.2.

🇵🇰 Pakistan's telling global crypto companies they can start applying for licenses to operate there. But to qualify, they need to already have licenses from trusted regulators in other countries.

⚖️ Donald Trump's tied up in a legal fight over Fed Governor Lisa Cook. A court stopped him from firing her, and his lawyers have filed an appeal to try and undo that ruling.

🍌 Juicy memes