Bitcoin, I need you to step up on stage and join me, brother. I need you to testify in front of all of these good people.

That’s right, my brothers and sisters of the Coffee & Crypto tent revival, our Bitcoin has had a vision, a divine visitation, if you will, and Bitcoin’s holy prophecy could mean happy days for all of our flock.

Brothers and sisters, can I get an ayyyyyyyymen?

Espresso Shots

☕️ Fidelity’s Ethereum ETF Delayed 🛑

The SEC announced in a filing last Thursday that it would be delaying its decision on the Fidelity Spot Ethereum ETF until March at the earliest.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” The filing read.

Slightly disappointing, but almost entirely expected considering the numerous delays in the Bitcoin Spot ETF approvals.

It appears that the SEC wants to reboot the Bitcoin Spot ETF news cycle, but sub Ethereum for Bitcoin. Guess what, SEC? We will play along.

☕️ Web3 Gaming’s Big Upgrade 🕹️

Ronin Wallet, one of the premier web3 gaming wallets, will now be able to access the Ethereum mainnet, Polygon, and BNB chain.

This update was brought to us by both the developers behind the Ronin blockchain and Sky Mavis, the publisher behind Axie Infinity, one of the most popular web3 games.

It’s an exciting release, but the Ronin wallet won’t reach its true potential until it’s compatible with straw hats and samurai swords.

Spilling the Beans

Bitcoin and the Golden Prophecy 🏆

Hey, we like visions of the future as much as the next newsletter.

We’re not here to critique Moses talking to a burning bush or whether or not Nostradamus predicted both world wars and the atomic bomb.

If God, magic, or Professor Xavier feels inclined to beam images directly into your brain and you feel confident enough and compelled to share them, we say more power to ya.

But you know what our favorite sort of fortune-telling is? When we get an exciting vision that’s both repeatable and backed up by years of market analysis.

Well, it would appear that Bitcoin has stumbled into just such a prophecy.

Because yeah, Bitcoin’s chips are down right now as BTC hovers around the $41,600 mark at the time of writing.

And when is faith ever more important than when things are at their darkest?

But don’t worry, we’re not asking for too much faith, as we’ve got some hard evidence to back it up.

And that evidence arrived last week when the golden cross formation appeared, for the first time ever, on Bitcoin’s chart.

Now, the Golden Cross isn’t some floating crucifix that brings good fortune or Indiana Jones’ latest quarry, well, wait, actually it does bring good fortune.

The Golden Cross is an indicator of a long-term bull market. In trading, The Golden Cross occurs when an asset’s short-term, 50-day moving average (SMA) rises above the asset’s long-term, 200-day moving average.

This pattern usually ushers in a long-term bull market. It’s the opposite of the sinister-sounding, “death cross,” which is a formation that appears when the SMA dips below an asset’s 200-day moving average and ushers in a bear market.

But like any true believer, we’re prepared to put our faith in the golden cross. Because it’s not magic, it’s science.

And while the disappointed masses are chanting “bear market, bear market,” in the wake of the post-ETF plunge, we hold out hope.

It’s an exciting, promising formation on a chart we like to look at.

Not like that bad chart that the doctor showed us. The one that proved we were lying about our weekly alcohol consumption and indicated that we might in fact be, “actively intoxicated.”

The Last Sip

The Coffee and Crypto tent revival meetings will no longer feature snake handling after last week’s incident with the spitting cobra.

We will continue to pray for Mrs. Johnston’s swift recovery and feel entirely confident that Bitcoin will restore her sight.

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.