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GM. This is Milk Road. We print crypto insights faster than a central bank prints cash!

Here’s what we got for you today:

IS CHINA ABOUT TO PUMP OUR $ETH & $BTC BAGS? ⛽

History doesn’t repeat itself, but it often rhymes.

Just look at these Bitcoin and Ethereum charts…

Sure, the 2023/2024 charts aren’t perfectly correlated – but the patterns are pretty darn close! 

Check this out…

1/ $BTC 2023 vs. 2024

2/ $ETH 2023 vs. 2024

Ok – first up: That’s wild! 

Second: Why is this happening – don’t crypto cycles operate on a four year basis, instead of one? 🤔

Big picture – yes, they typically follow the liquidity cycle set by the US Federal Reserve.

You can see how the four year cycle of “pump the system with cash → pause → repeat” has led $BTC to grow from ~$500 and reach $70k+ over the past decade.

…but don’t forget: The US ain’t the only player in this game.

Asia has a significant impact on global markets – and at its head, lies China – which dances to a different beat. 🇨🇳 

China has a habit of operating on an accelerated schedule, pushing cash into its financial system throughout Q4, most years.

This yearly cash injection is likely a big reason why, in 2023 (while the US was restricting liquidity with increased interest rates), we saw $BTC and $ETH follow the pattern of blasting off through Q4, and into Q1 of the following year.

…so what’s the likelihood we see history repeat (or at the very least, rhyme)?

Well, if it’s going to happen at all, 2024 is the year for it – because right now, China is enacting its “most aggressive stimulus” since COVID. 👇

Not ideal for the Chinese Yuan (an increase in supply debases its overall value), but great for scarce assets that can’t be debased by a centralized authority (like crypto). 😎 

Now – this doesn't guarantee the 2024 charts are going to continue correlating with 2023 as closely as they have so far…but they’ll likely stay directionally aligned for a period of time.

And that’s worth getting excited about! 

Cause, right now, that direction is pointing up. 🚀 

WHERE CAN $SOL WIN OUT OVER $ETH? 🥊

Crypto is a ‘winner take most’ kinda game.

Which can be a tough pill to swallow when investing in L1s.

Sure, it’d be great if they could all win, pumping our respective bags in equal amounts…

But this isn’t a Hallmark movie – it’s finance. Which, despite its formal/buttoned up appearance, is kind of a blood sport. 🩸 

In the race to become the dominant player in ‘programmable money’ – VanEck (a global investment management firm with $100B of assets under management) tends to favor Ethereum over all else.

…yet they still have a 2030 bull case for Solana set at $3,211 (roughly a 22x from today’s prices). 🤯 

Initial reaction: Hell yeah! The Milk Road Portfolio will benefit nicely if that potential is realized.

Follow up question: Where can Solana win?

VanEck’s Matthew Sigel sees low cost, everyday payments (think: paying for coffee, groceries, gas etc.) as one of crypto’s most obvious ‘killer apps.’ 👀 

He’s optimistic that a 100M user payments app can (and likely will) exist…and puts the odds of Solana being the network to host that app, right up there alongside Ethereum.

…how do we know this?

He just told us (like a few hours ago), on today’s episode of The Milk Road Show.

In this episode, we got the chance to pepper Matthew with all of our burning questions surrounding Solana and its future potential – including, but not limited to:

It’s an alpha-packed episode that you won’t want to miss!

Click below to listen now. 👇

YouTube | Spotify | Apple Podcasts

PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔 

Crypto prices have seen a nice little bump of late!

But before you start going all ‘John Wick’ on your X feed (👇) — it might be worth checking where we’re at in the current cycle first.

Monitoring the crypto cycle is a crucial practice for anyone looking to capture the best opportunities in the market.

The goal is to spot the bull market peak before the inevitable bear market hits your bags hard.

Since timing the top perfectly is almost impossible, we use various indicators to give us a better shot at taking profits before it's too late.

Below are the 5 indicators we track, with a color-coded system to show how close they are to signalling the market peak:

🟢 Plenty of room to run 🏄

🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️

🔴 We’ve hit the market top indicator 🚨

Every Tuesday, we update these 5 indicators exclusively for PRO members.

Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point.

Let's dive in and see if we're anywhere near the top of this bull market. 👇

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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.