Now, we don’t pretend to know the future.

We think the divine threads of fate are best left interpreted by stronger seers such as Nostradamus, The Simpsons Writers’ Room, or Raven of That’s So Raven.

But in 2024, we think we might just take a crack at some predictions of our own because the stars are aligned and it looks like crypto’s fate is sealed… but in, like, a good way.

Espresso Shots

☕️ Goldman Sachs in the Cointucky Derby 🥇 💸

Goldman Sachs is in talks to act as the “authorized participant” in both BlackRock and Grayscale’s Bitcoin Spot ETFs if the firms' applications are approved.

As the authorized participant, Goldman Sachs would be responsible for creating and redeeming ETF shares to ensure the ETF’s products trade in equal value with their underlying assets.

Goldman Sachs has yet to officially comment on this development, but the rumor was reported to CoinDesk by two anonymous sources close to the situation.

But if Goldman Sachs drops out of this deal, BlackRock and Grayscale will have to compromise and begin interviewing men of silver, or even bronze.

☕️ Could Fed Rates Reinvigorate BTC? 🏛 💲

The Fed released its minutes on Wednesday and the meeting indicates that the Fed will likely cut interest rates in 2024.

This is generally a bullish indicator for Bitcoin, which has a well-deserved reputation as a hedge for periods of recession or inflation.

Alternatively, this could lead to sell-offs as investors look to limit risk exposure and hunker down for a recession.

"This sequence often occurs because the Fed tends to overshoot by raising and maintaining high(-)interest rates for longer than necessary, inadvertently stifling economic growth. Rate cuts usually come into play only when the economy is visibly declining and unemployment is on the rise. By that point, a recession is typically inevitable," wrote investment firm Piper Sandler as reported by CoinDesk.

In addition to the Fed cutting interest rates, it looks like they’re going to cut the art program at my nephew’s middle school, mostly because these kids can’t stop drawing naked superheroes.

☕️ RDC Free From SEC 🦅 ⚖

The Receipts Depository Corporation (RDC) which is backed by the holding company, Franklin Templeton, has announced that it will begin issuing Bitcoin-backed depository slips in early 2024.

Though these depository slips are only available to institutional investors, these slips are not under the purview of the SEC, per the Securities Act of 1933.

“We are excited to provide qualified institutional buyers with the secure, regulated access to digital assets they have been waiting for via BTC DRs,” said RDC co-founder and CEO Ankit Mehta, as reported by The Block. “There are many benefits to using depositary receipts, such as their tried and true structure, providing direct ownership of the underlying asset and easy inclusion in institutional products.”

It’s cool when products are exempt from regulation, like my cousin Ronnie’s Eight-Loko, a potent mix of Panera Lemonade, 5 Hour Energy, and grain alcohol which he claims is beyond the bounds of the FDA, FAA, and BATF.

Spilling the Beans

Crypto’s Crystal Ball 🔮 💎

Betting on the outcome of anything is always a gamble.

That’s why you’re allowed to bet money on it. Because your predictions are never a sure thing.

But what we are sure about, is that gambling is the only, proven way to get rich and almost definitely the only way to win my wife’s trust back.

Yes, we jest, but we just feel like we’re going to come across as degenerate gamblers when we tell you that we’ve got a line on a couple of pretty sure things for crypto in 2024.

And when it comes to predicting crypto’s future you don’t need tea leaves, a crystal ball, or a length of sheep intestines to see what’s in store.

You simply look at the schedule.

We’re poised to witness the exciting conclusions to several of crypto’s prominent, regulatory conflicts in 2024.

There’s the pulse-pounding conclusion to the Ripple saga, as Ripple will once again battle the SEC to determine whether several tokens constitute securities.

The SEC, of course, is fighting a war on several fronts as the regulatory body will also have to face the legal challenge levied against them by Coinbase. These charges represent a bold, legal path toward demanding the SEC clarify both its stance and regulation for crypto.

Additionally, there’s a coming Supreme Court case that could potentially cause some major overhauls in the Executive branch and diminish regulators’ abilities to redefine their roles… like the SEC has been doing with crypto for the past several years.

Not to mention the Bitcoin halving coming in April 2024.

Now, this is a year that’s absolutely stocked with big, potential regulatory releases and maybe some entirely new stances on crypto.

Again, we don’t want to predict the future, but we have a feeling this is going to be pretty good for us.

Also, a tall, dark, beautiful stranger is going to enter your life and you should be wary of the third cry of a loon on a moonlit lake.

Crypto 101

ASIC Mining: ASIC stands for “Application-Specific Integrated Circuit” and these are specialized devices designed to mine crypto.

Because ASIC uses tech that is designed specifically for crypto algorithms, ASIC rigs mine with a speed and efficiency that outpaces the other three most popular forms of crypto mining.

The Last Sip

The Last Sip: Though Goldman Sachs is one of the world’s most formidable financial institutions, Wall Street scientists have reportedly been working in a secret lab to create “Platinumman Testes” which will redefine the market as we know it in 2028.

Stay Caffeinated,

Coffee & Crypto Team

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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.presiplane