Shitcoin Newsletter #132 - Are we going mainstream?
Before we jump in we suggest you get some crypto alpha from this week’s episode of the Shitcoin.com Show with Kevin Zhou! We spoke about yield farming, traditional funds versus crypto funds and more.
Some big news this week came from Elon. It’s now possible to buy a Tesla with Bitcoin!
As the “using Bitcoin for payments” narrative has fallen by the wayside in recent years it’s clear that Musk is cost average his way into a huge stash.
One Reddit user beat him at his own game.
Things were going smooth barring a few minor dips. Then the market “tanked”.
But does it matter? Crypto is in the early stages of mainstream adoption in the words of Jesse Powell.
Word in the grapevine is that your governments are looking to buy in too.
However, Ray Dalio thinks this shit is going to get outlawed.
Peter doesn’t care.
Although he sold some for an Aston Martin, many say his hands are strong, as depicted in this meme.
Ultimately any Bitcoin you sell right now is just going to get eaten up by whales or in this case, other animals that frequent our oceans.
With all of this going on Romano had bigger things on his mind. The takeaway from this brain dump is that Romano doesn’t do his own shopping.
We are just going to leave this here.
The team at FTX have likely done stints of days without sleep too. They recently got a deal over the line for the naming rights of the Miami Heat’s stadium. We hope they name it something cool like the FTX Degen Arena.
Supposedly they also tried to rename all of the players too.
Now to NFTs. All of the traditional media outlets are trying to get in on the action.
Beeple likely does not care. Any attention is good for sales.
Nor does Pepeangelo. This is fucking sick.
Here’s a meta explanation for you if you don’t want to read the New York Times article.
To our favourite section where we talk shitcoins. Charles has lost it.
Meanwhile BitBoy is getting caught up in a plagiarism scandal on multiple fronts. Spicy.
We round this one off with a must watch video to take you into the weekend. Shitcoiners, enjoy.