- 2036
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- đ One thing you can still be early to
đ One thing you can still be early to
PLUS: Arthur Hayes on bitcoin
GM everyone. This is 2036. We scroll for gems all day so you donât have to.
Hereâs what weâre serving up today đ˛: Weâre about to get more clarity on whether GBTC outflows will put downward pressure on Bitcoin. In the meantime, weâve got our eyes on something much juicierâŚ
Letâs dig in.

Pudgy Penguins are making the rounds on social media today.
Theyâre an NFT collection of pictures of penguins that look - well, pudgy.

In the last months, Pudgy Penguins have taken off. Since we first wrote about them in December, the price of a Penguin has gone from 9 ETH (âź$20,000) to 14 ETH (âź$35,700)
And if NFTsâ short history is any guide, thereâs a lot more upside to come.
Thatâs because NFTs are one of crypto's most misunderstood and mispriced assets.
Their potential is constantly underestimated: NFTs have achieved product-market fit yet still havenât taken off this cycle. Everyone still has PTSD from collections going down -99% in the previous cycle.
That means you can still be very early to NFTs.
Now, you could dive into the winners and look at NFTs on Ethereum. But transacting on Ethereum is both painfully expensive and slow.
Solana, on the other hand, is a much more user-friendly chain.
Itâs hard to get back to paying $30 gas fees on Ethereum after paying $0.00002 on Solana.
So, I expect many new crypto entrants will either stick to Solana or never even trade on Ethereum.
Thatâs not to say Ethereum NFTs are dead. Pudgy Penguins is on Ethereum. Ethereum will likely remain the home for high-value transactions and NFTs that need security and decentralization.
But as the bull market evolves, I expect Solana to gain much more traction simply because itâs so easy to use.
So, while we wait for news of GBTC and the bitcoin selling pressure, get familiar with NFTs.
Follow Zeneca and Punk6529. Read some classics on NFTs and learn the language. Read the 2030 bull case and learn how to practice good security for beginners.
And then start buying and selling to get the hang of it.
Youâll even qualify for the Tensor airdrop if you do.
And if youâre feeling frisky, check out Bitcoin NFTs here. To trade them, youâll need an Xverse wallet. They could be the most underexplored of them all.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.