🇬🇧 Financial Powerhouse?

Happy Easter - Jordan here🐣

The bull run is nigh, my focus with the In A Nutshell newsletter is on real and relatable stories which can be digested in seconds. Not on price.

Saying that I’m also not a mug and know price brings many new people into the space.

Can I ask you to please hit the ‘forward button’ on this email, and pass this along to 3 friends who may need less price chat and more of our content in their lives?

Legends!🙌 Enjoy the newsletter and your Easter Weekend. I’m away to see how fast I can consume this egg and then likely feel ill the rest of the day.

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🇸🇻 El Salvador Upswing

El Salvador's economy is on the upswing, according to a Santander report. Tourism and foreign investments are up, driving GDP growth to 3.5% in 2024.

The country's financial health is better with a lower deficit, but it still needs to resolve some fiscal issues and finalise discussions with the IMF to keep the momentum going.

🤯 Best performing ETF… ever

BlackRock CEO Larry Fink was on Fox Business this week chatting about Bitcoin, highlighting his surprise at how well the new Bitcoin spot ETF is performing.

Stating that their spot Bitcoin ETF "is the fastest growing ETF in the history of ETFs.”

⛏️ Gold miners want Bitcoin?

The CEO of Nilam Resources, a gold mining company, resigned amid allegations of a "pump and dump" scheme following the company's announcement of acquiring 24,800 bitcoins. This announcement led to a nearly 1,900% surge in NILA stock, raising concerns about market manipulation.

Scepticism regarding the financial feasibility of the purchase has also been noted, with a lack of clear financial strategy from the companies involved.

The NILA stock has now returned to pre-announcement prices.

🇬🇧 Financial Powerhouse?

The London Stock Exchange will launch a new market for Bitcoin (and Ethereum) exchange-traded notes (ETNs) on May 28, 2024, pending approval from the FCA. ETNs, unlike ETFs, are unsecured debt securities backed by the issuer's credit rather than the underlying assets.

The once financial powerhouse has been heavily criticised recently for stifling innovation and lagging behind when it comes to adopting Bitcoin. This move might signal some light at the end of the tunnel but only time will tell.

🔥 What else have you missed?

1. Bankman-Fried Is Sentenced to 25 Years in Prison Over FTX Collapse.

2. A homeless man and his girlfriend buy a new house using Bitcoin.

3. A new peer-reviewed study: showing Bitcoin mining coupled with green hydrogen can enable wind farms to expand capacity by up to 73.2%.

4. Dave Portnoy is a little bitter about not learning about Bitcoin.

5. Is Bitcoin’s price about to go parabolic?

6. SWIFT planning launch of new central bank digital currency platform in 12-24 months.

🍾 Friday Fun!

This week there is no theme, it’s a free-for-all - Play here

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