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GM. This is Milk Road. The newsletter that cooks harder than a crockpot sitting on the Sun!

Here’s what we got for you today:

JIM CRAMER: THE COUNTER SIGNAL GOAT 🐐

Jim Cramer has been described as “an idiot savant (minus the savant)”... 

But we don’t think that’s fair.

Who cares if a pundit is right? Consistency is what matters in the end.

And Jim is so consistently incorrect, that his insights often hold real value (you just gotta do the opposite of what he says).

Don’t believe us? Here are some of JC’s greatest hits:

1/ “It’s never too late to sell [crypto]” – Dec 05, 2022

BOOM! Jim calls the bottom. If you had bet against Cramer here, you would have made a ~347% return.

2/ To those buying $SOL at $11 (Dec 2022) “I think you’re an idiot”

Jim calls the bottom once again! If you had bet against him here, you would have made a ~1700% return.

3/ “Netflix! BUY !” Netflix dumps -57% – Jan 3, 2022

4/ “The bear market is over” The S&P falls a further 13% – Mar 25, 2022

5/ Jim calls the 2024 election

The moral of the story:

JC is out here, pumping pure counter signal into the market, helping us all make money…and some want to disparage that contribution?

Uh-uh. Not on the Milk Man’s watch. 

It’s time we put some respect on his name.

James Joseph Cramer: the counter signal GOAT.

THE $BTC ETFS JUST SAW THEIR LARGEST INFLOWS TO DATE 📈

Alright, find some chalk – we need to update the scoreboard.

‘Cause the Bitcoin ETFs just added another “hold my beer” moment to their record.

Yesterday the $BTC ETFs set a new daily record for inflows, pulling in $1.36B to beat the previous record of $1.14B, back in March.

And get this: of that $1.14B – $1.1B came from BlackRock’s $IBIT alone. 

That’s one fund, pulling in almost as much investment as the 11 combined ETFs did on their previous best day!

Still not doing it for you? (Ok, tough crowd).

How’s this for some context setting:

Each day, there are roughly 450 Bitcoin mined. Yesterday alone, the $BTC ETFs gobbled up about 18,000 Bitcoin. 

Which means the daily demand from the ETFs was roughly 40 times that of the new supply entering the market.

(Increased demand + restricted supply = number go up)

As it stands today, the Bitcoin ETFs are at $25.5B of total inflows (and counting).

Dare we say, things are about to get…

Bananas?

ALTCOIN SEASON WILL START WHEN $BTC HITS $80K

That headline – right there? 👆

That’s a hot take from Jesse Eckel, who joined us on today’s episode of The Milk Road Show!

In this episode we covered:

Click below to watch/listen now!

YouTube | Spotify | Apple Podcasts

BITE-SIZED COOKIES FOR THE ROAD 🍪

Hacken’s Dual Defense Flash Pools are on fire, with over 4M HAI locked across 6 pools, delivering APYs up to 180%! More pools are on the way—dive into real yield with the first security prediction market! *

Coinbase’s wrapped Bitcoin ($cbBTC) launches on Solana. Bitcoin is incredible, Solana is insane. Bitcoin on Solana? Now, that’s bonkers.

Institutions are betting big on RWAs. While sectors like memes and AI are prime examples of pumpamentals, RWAs are on the other side focusing on fundamentals.

High-risk DeFi loans surge after the US elections. We are still early days into the pump but there’s already some signs of a pullback on its way. Keep your eye out.

$ETH ETF flows turn positive. All eyes today have been on the $1.3B of inflows into the $BTC ETFs but $ETH ETFs are also showing signs of a positive trend. Sure, their inflows are smaller ($79M), but hey, it’s a step in the right direction.

Bitcoin sets another ATH, Solana touches $200. The field seems to be getting a bit crowded because everyone’s taking a victory lap. Let’s keep this going.

Milk Road's Ethereum Price page is an easy way to track the price of Ether ($ETH) and follow real-time updates. With live price insights at your fingertips, it’s a page you’ll want to bookmark or keep open for quick reference.

* this is sponsored content, not financial advice

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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.