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GM. This is Milk Road, the newsletter that has your back in the fist fight that is crypto.

Here’s what we got for you today:

THERE’S A REVOLT BREWING WITHIN ETHEREUM 🤛

People don’t want a quarter inch drill bit, they want a quarter inch hole in their drywall.

But more than that quarter inch hole, they want to install a bookshelf on their wall.

More than that, they want the books they display to tell visitors how smart they are.

The current battle going on within Ethereum follows a similar rabbit hole of layered ‘wants’ – and once you get to the bottom of it, you’ll think to yourself:  

“Ha! Kind of a dumb thing to be fighting about, all things considered.”

Here’s what’s going down on the surface:

Right now, a few factions within Ethereum are having a pretty public fight on Crypto Twitter – the basic gist of which is this…

Side A: wants Ethereum to focus on heavily increasing its transaction speeds, and for the Ethereum Foundation (EF) to have a ‘wartime leader’ installed (someone that’s going to kick down walls and put fires under everyone’s butts). E.g. 👇

Side B: wants to keep Ethereum’s roadmap in its current state and for the Ethereum Foundation to continue building using the same slow n’ steady approach/ethos. E.g. 👇

Alright, that’s each side’s ‘quarter inch drill bit’.

From here on out, we’ll be focusing on Side A’s desires, ‘cause they’re the upstarts bringing the fight for change.

And if you dig down into what they want more than faster transactions and an EF leadership reorg – their ‘quarter inch hole in the dry wall’ is:

A hyper-present, charismatic leader/cult of personality that they can rally behind. 

You know the type… 

Someone that’s trawling through X/Twitter comments, counteracting FUD, shitposting here and there – but more than anything: getting the broader community excited about the L1.

(Kinda like what Anatoly/Mert do for Solana 👇).

…but Side A’s deepest desires? (Their ‘shelf full of books that make them look smart’?).

This one is so simple that it’s going to feel anti-climatic at first…

They just want $ETH’s price to pick back up.

At its core, that’s what seems to be driving all of this: 

$ETH’s price has been flat → they want that to change → so they’re trying to shake things up with shifts in leadership and roadmap. 

Our bet is: the moment $ETH enters price discovery, the vast majority of this anger/worry will be quickly dispelled, as the collective thinking switches back to: if it ain’t broke, don’t fix it.

Say it with us now: 

“Ha! Kind of a dumb thing to be fighting about, all things considered.”

COTD: ARE WE GOING TO PEAK IN Q4? THIS CHART SUGGESTS WE ARE 📊

We don’t have any scientific evidence to back this up, but…

We believe microwave minutes are longer than normal minutes.

We don’t know how it works exactly, but hunger and anticipation somehow join forces to make each microwave minute feel like an hour.

The same thing happens in the lead-up to the first new all-time high of a bull run. 

Hunger and anticipation for new price discovery leads us all to check the patterns from previous cycles and compare them to where we’re at in the present day.

…but once new all-time highs are broken, we all kinda forget about those same charts.

But the Milk Man? The Milk Man doesn’t forget. And we think it’s high time to check in again.

The black line below is $BTC’s price in the current cycle, while everything else is from previous cycles:

See how we’re most closely correlated with the 2015-2018 cycle in blue? 

If that correlation holds up, it should mean two things:

Now, see how there are dips and troughs throughout every single one of these cycles?

Take those troughs as an added reminder not to psych yourself out every time we see a pullback between now and Q4 (remember, these things take time and are never smooth).

Got it? Good. 

(Oh, and if you want weekly updates on where we are in the current cycle, so you can time your buying and selling with better accuracy – this year, and beyond 👉 we’ve got just the thing).

Alright, Milk Man out!

MILK ROAD PRO PORTFOLIO UPDATES 📊

The president launched a memecoin, Bitcoin hit new all-time highs, we have a new SEC chair…

It has been a wild couple of days in crypto! Which means it’s high time we check and see how our portfolio is faring.

ICYMI: Like clock-work, every Tuesday, we share our updated list of investments from the Milk Road PRO Portfolio. 

Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “how to build a crypto portfolio in 2024” report to learn more about our portfolio strategy.

Portfolio performance 📈 

The Milk Road PRO Portfolio saw a moderate increase over the past 7 days. Our portfolio value is at $131.2K, up 12.68% since last week.

The markets are on fire right now, and just like we said in our last update, the "sell the news" scenario didn’t happen. Even with Trump staying completely silent about crypto, things are still looking strong.

But here’s the jaw-dropper: over the weekend, Trump made waves by launching his own memecoin, $TRUMP. It hit an insane $70 billion market cap at its peak!

Crazy, right? We’re still processing how wild this is!

Now, we just need to give him a little time to catch his breath before we start seeing any real impact or potential new crypto legislation. No pressure, Donald—but let’s not keep us waiting too long! 🤣

Portfolio changes 👀

BITE-SIZED COOKIES FOR THE ROAD 🍪

CoinStats just upgraded its P&L calculation. You can now check your profit and loss (P&L) for your entire portfolio — both CeFi and DeFi. CoinStats keeps leveling up and honestly, we love them for it.*

Department of Government Efficiency (DOGE) is now official. The best part? The website has a huge dogecoin on it. So insane.

Rex Shares has filed for a $DOGE and $TRUMP ETF. $TRUMP getting an ETF proposal just 4 days after its launch is wild. Bold move by Rex.

World Liberty Financial goes on a buying spree. They’ve bought $47M of $ETH and $wBTC each. Reason? To celebrate Trump coming into office. Today’s cookies are giving me such top cycle vibes.

We’re hiring! We currently have 4 open positions - so hurry before someone else beats you to it.

We’ve launched a guide for top credit debit and credit cards. With so many options out there, we’ve broken it down and picked the best card for every type of user.

*This is sponsored content.

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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.