🌟 Editor’s note

As long-time subscribers know, I’m a big fan of keeping cash and cash equivalents in all market conditions.

I know, I know. Cash is trash, T-bills are scams, and money market funds are dirty, but they give you options.

I’ve started using a new app, Nook, to earn around 8% APY on a portion of my stablecoins. Interest pays out in real time without any lockup periods or withdrawal penalties—and it’s already in the form of stablecoins that I can instantly transfer anywhere I want.

As a welcome gift, they will add a $20 bonus for Crypto is Easy subscribers when you deposit $20 or more. Try out Nook for yourself and let me know how it goes.

🗓️ What you missed last week

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• 👀 Direct contact with me.

• 📈 Video and written market analyses so you can make better investment choices.

• 🧐 Exclusive altcoin reports and special content to stay ahead of the competition.

• Everything else you get with Crypto is Easy.

 😳 FDV Misconceptions in Crypto: “Fully Diluted" or "Fully Deceived”?

You’ve probably heard people talk about an altcoin’s “fully diluted value” or “FDV” the token price multiplied by the total supply the protocol will ever create.

Many people use this as a benchmark for their investment decisions. I don't.

FDV assumes all tokens will enter circulation at current prices. It ignores inflation schedules, lockups/vesting, tokenomics, and personal benefits to tokenholders (staking rewards, revenue share, etc).

Web3 Mops explains this better than I could. Read this article.

Some terminology you'll need to know before you read the article:

• KOL—influencer

• Liquidity—the amount of money necessary to fill a buy/sell order

• TGE—token generation event, where the team sells its first tokens for cash

• Exit—cashing out and handing the project to somebody else

🫢 Pakistan is setting up a 'government-lead' strategic Bitcoin reserve

Bottom line: A crypto advisor says Pakistan will buy Bitcoin.

My take: With a $66 billion budget, Pakistan has ample resources to buy a bunch of Bitcoins. Will it? The finance ministry and central bank rejected the idea. If that changes, when will they buy? How much? Converting 33% of Pakistan’s budget to BTC would make it the biggest sovereign holder on the planet. Converting 1% would add $6 billion in new inflows, which is not enough to change the market's trajectory.

Why you should care: Nothing may come from the announcement, and even if something happens, it may not matter for your portfolio.

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Relax and enjoy the ride!

— Mark