John Wayne Voice* Hello there, pilgrims! *End John Wayne Voice. It’s Thanksgiving!

As you gather around the table with your friends and family to give thanks, give a blessing to those less fortunate.

Think of the FTXs of the world or those struggling with SEC regulations, or anybody who has just absolutely lost the shirt off their back (and their pants) in this bear market.

Anyway, let’s stay not being them. To the news! Or join us live on Twitter at 11am ET!

Espresso Shots

☕️ A Bitcoin Prediction to be Thankful For 🦃 🚀

In the midst of a lot of doom and gloom in the crypto space, we had a bright spot in the form of a Bloomberg interview.

Cathie Wood, CEO of Ark Invest, believes that Bitcoin will hit $1,000,000 by 2030.

If that’s true, we’ll have a lot to be thankful for on Thanksgiving of 2030. And we’ll be able to afford a lot more gravy.

☕️ Musk Denies SBF Twitter Involvement 🐥 ❌

There have been reports from Business Insider that Sam Bankman-Fried owns a $100 million stake in twitter.

Musk took to twitter to respond:

Insider reports that SBF had been initially been buying up Twitter stock in the hopes of his own potential takeover. Musk has since denied this report via a comment on Twitter.

Musk has explicitly denied that SBF has a $100 million stake, Musk has yet to comment in SBF’s overall involvement in his acquisition of Twitter.

Musk also has yet to comment on who makes those boxy black t-shirts he likes so much. Is it Gap? Old Navy? SpaceX? We need answers.

☕️ Fenbushi Founder Loses $42 million in Hack 💰 🚔

Bo Shen, founder of the venture capital firm, Fenbushi Capital, had $42 million in crypto stolen from his personal funds.

$38 million of the stolen fortune consisted of USDC Stablecoin.

SlowMist, the crypto security firm that were supposed to protect Shen’s assets, said that the money was taken from Shen’s wallet seed phase.

Shen was using Trust Wallet, a non-custodial platform, to store his crypto. Bo Shen confirmed his $42 Million in losses via Twitter.

More like DIStrust wallet! Sorry. They can't all be winners.

Spilling the Beans

Dining Table Discourse! 🍽 🦃

It’s more than likely that Crypto may be on the menu for Thanksgiving dinner. The FTX scandal isn’t some niche story we’re covering, it’s huge, mainstream news

And when your relatives hear about something on the TV that they don’t really understand, you know what that means…

Incorrect, forceful opinions!

We thought we’d help you get ahead of this. We’ve compiled the most common, potential crypto debates and we’re gonna talk you through counterarguments. Ready? Lessago.

1. Crypto (or Bitcoin, or Ethereum) is dead, over, this is the end.

We suggest you refer your relative to the Bitcoin Obituaries page provided by the good folks at 99bitcoins.com. They estimate we’ve heard that Bitcoin is dead 466 times already. And counting!

2. Crypto is a fad/scheme/ponzi.

In a Fidelity survey, 58% of institutional investors held digital assets and 74% intended to purchase or invest in digital assets.

3. NFTs are useless!

Your aunt starts railing against, “those sunglass gorillas,” and tells you that when you buy art you can at least put it on your wall.

Be sure to mention some of the real world applications for NFTs, like tokenized real estate. If you own a Roofstock NFT, you have that house in the physical world.

4. Web3 is a fantasy.

When your Dad starts pointing that finger at you and insisting, “No son of mine will use a decentralized internet!” You can tell him it’s already too late.

All of the brands that he knows and loves are already there. The NFL. The NBA. Warner Bros. Disney. DC Comics. Lamborghini. Starbucks. 

“It’s too late, old man, Web3 is inevitable.”

Hopefully that should be enough to get you through even the most turbulent of crypto debates. But if they refuse to listen to reason, there’s always alcohol. 

You can always just drink your family away. And if you’re sober, there’s willpower. Just will them away with your mind.

And if you’re young enough, you can still cry in front of your family if they’re upsetting you. There’s no shame. Just bawl like the little baby you are.

Happy Thanksgiving!

Meme of the Day

Sure you were Uncle Sam!

The Last Sip

Thanksgiving Pies Ranked:

1. Pecan Pie. Indisputable King, this is more of a southern comfort than Southern Comfort. This pie is what made Paula Deen obese.

2. Pumpkin Pie. A staple of the holiday. Delicious and goes down easy. If you’re one of those people who is like, “ew, goop! It’s pumpkin slime!” you need to sit at the kids table.

3. Apple Pie. Despite this dessert’s good fortune in being considered “as American as,” this may be the lowest tier of pie at any Thanksgiving gathering. It’s often super dry, which is why it needs whip cream, ice cream, or, if you’re a serial killer, a slice of melted cheddar cheese.

We’re not even discussing any of those chocolate mud pies or peanut butter ribbon pies. If there’s chocolate or oreo in it, that’s not a pie, that’s a cake. Nice try.

Again, Happy Thanksgiving!

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.