In crypto, you have to deal with dumps that feel like you’ve wasted your money, pumps that feel like they’ll go up forever, and all the emotions that come along the way.

I can’t always get to your comments and emails promptly. Would you like me to create a Telegram or Discord group for the Crypto is Easy community so we can commiserate and react when these swings happen?

Answer this poll:

Please take the poll! Only 115 people have responded so far.

If I don’t get 500 responses, I’ll have to assume there’s not enough interest. Your vote matters—let’s get those numbers up!

What a week!

Bitcoin’s price is up 8% since March 8.

Standard rally. Once you wipe out sellers, prices have nowhere to go but up.

How strong are the new buyers? When will the sellers return? Catch the most recent evidence in the market update from March 26, 2025.

In that update, I also looked at some realistic expectations for this rally—price, timing, and extent.

(Of course, Bitcoin will not match the price/timing of any squiggles I draw, but at least we have some perspective about what’s reasonable.)

In my next update, we’ll check on HODLing patterns. We want to see healthy churn, i.e., new buyers sticking around while the oldest bands stay flat.

Quick reminder!

I posted the monthly issue on March 21, 2025, but if you don’t want to read it, you can listen to two AI bots discuss it on their podcast, Crypto is Easy AI.

After you listen, subscribe to the feed. Those bots may come up with more episodes on their own!

Scroll down for some content you may enjoy.

You can reply to this email to contact me directly. Or, use this button to leave a comment at the bottom of any post.

Did you miss the update? Upgrade to the premium plan now so you get that and:

• 👀 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.

Chart of the Week

Stay Informed, Without the Noise.

Your inbox is full of news. But how much of it is actually useful? The Daily Upside delivers sharp, insightful market analysis—without the fluff. Free, fast, and trusted by 1M+ investors. Stay ahead of the market in just a few minutes a day.

Subscribe today.

GameStop joins the party

Bottom line: GameStop will close 1,000 stores and buy Bitcoin.

My take: It sounds like GameStop gave up on its retail business. In its SEC filing, it says it will close more stores this year and next. At the same time, it will raise $1.3 billion for its treasury. Some—potentially all—of that money will go into Bitcoin.

That’s not enough to change the trajectory of the crypto market, nor does it say anything about “institutional buyers” as a whole. I wonder how Strategy฿ will feel if GME takes its market share? They compete for the same investors with the same product (exposure to Bitcoin through equities).

Why we care: We know to ignore GameStop hype.

How much stuff will bitcoin buy?

People sometimes ask me whether Bitcoin can ever reach $1 million.

I always give the same answer:

“Yes, but how much will $1 million be worth when it does?”

Factor this into your investment strategy and every decision you make with your crypto portfolio.

With the same effort you put into crypto, you can turn your cash into a profitable business, side gig, or income stream. How do you know that won’t make you more money than buying crypto?

Then, you can buy crypto with that cash and not have to stress about every price swing or ROI.

We’re trained to think about price. Why not think about purchasing power?

A recent Blockworks article does just that.

It highlights how Bitcoin’s purchasing power might not change much even if it reaches astronomical prices.

Maybe Bitcoin’s purpose isn’t to make you rich, but rather, to give you an escape from a financial system that constantly tries to make your wealth, labor, and income less valuable?

The Case for Token Buybacks

Many of the best protocols feature token buybacks.

As they generate revenue and collect fees, these protocols automatically purchase tokens and either destroy them or lock them in a community treasury subject to future governance proposals.

Most exchange tokens take this approach. So do Hyperliquid (HYPE), Raydium (RAY), Jupiter (JUP), Aave (AAVE), and others.

In a recent article, Arca argues this is the best approach.

While this approach does not yet seem to impact a token’s performance or returns, it may be the only thing that matters. Token buybacks benefit stakeholders directly and reduce supply, enhancing long-term value.

Unlike stock buybacks, which are often speculative and subject to corporate whims, token buybacks follow predictable rules and schedules.

Once crypto gets past its speculative phase, we’ll see how strong the argument is.

For now, save this thought for the bear market. Buyback tokens may not get the hype they deserve, but once money gets tight, they may prove more sticky than whatever’s getting hyped right now.