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GM. This is Milk Road – “the cold pizza of crypto newsletters.”

(Enjoyable, anytime).

Here’s what we got for you today:

7 CRYPTO BULLS ON TRUMP’S ROSTER 🐂

Big news!

That’s right, another member of Elizabeth Warren’s anti-crypto army has been replaced with someone “pro-crypto”.

It seems Trump is making good on his crypto promises because Pauly Boy isn’t the only crypto fren that’s made the team.

Here’s the current lineup of crypto bulls set to take positions of power in the coming administration:

What significance do these roles have to the proliferation of cryptocurrency in the United States?

Not a whole lot for Secretary of Defense, Secretary of Health, and DOGE (other than the obvious 🐶)…

Vice President and Secretary of Commerce? Sure, there’s definitely room for support there.

But the key positions we’re looking at are the Treasury Secretary and SEC Chair.

These two roles have the potential to make a massive impact on the US crypto sector, through planning (Treasury Secretary) and regulation (SEC Chair).

Cool. What does that mean exactly? Let’s dial in on each role…

1/ Treasury Secretary: Scott Bessent

Scotty will be responsible for formulating domestic and international financial, economic, and tax policy, while managing the public debt.

Unlike his predecessor (Janet Yellen), Scott is a crypto bull.

Which means he could see crypto rails as an ideal upgrade to many pieces of financial infrastructure within the US, and view a Bitcoin Strategic Reserve (BSR, if you’re nasty) as an ideal tool for lowering the public debt over time.

Adoption on that kind of scale, from a global super power like the US could have (and we cannot stress this enough) MASSIVE effects on crypto.

2/ SEC Chair: Paul Atkins

Ooof. How do we frame this one?

Picture the cruelest, most hard line teacher you had in high school – the kind that took joy in getting ‘creative’ with their interpretation of school rules in order to make your life miserable.

(If you can’t picture that kind of teacher – think: Snape, from Harry Potter).

Now, imagine if one year they just up and quit.

Meaning you could get back to learning and growing, without a constant fear of facing random repercussions for breaking vague (and seemingly made-up) rules.

That’s the kind of hope that we have for crypto’s newest best friend, Paul.

The TL;DR on Paul is:

Now, to play devil’s advocate: Gary Gensler was seen as a crypto bull before he took on the role of SEC Chair (the dude taught a class on blockchain at MIT!).

But in the here and now – the next four years feel very bright for the crypto industry.

FORGET L2’S – SUPERCHAINS ARE WHERE IT’S AT 🦸‍♂️

Right now there are 100+ L2 chains within the Ethereum ecosystem. 

(It’s as exciting as it is daunting).

Everyone is building on Ethereum – that’s exciting!

But there’re so many tokens to analyze – that’s daunting!

Here’s the good news: there’s only a small handful of chains you need to worry about.

‘Cause once you zoom out, you’ll no longer see a scattering of 100+ L2 chains, but instead – a concentration of value spread across four separate/competing superchains:

Each of these superchains are battling it out to be THE umbrella that most L2s live under.

(E.g. Base, Ink, Sonium, Mode, and Zora are all part of the Optimism [$OP] superchain – top left) 

Think of each superchain as a state (within a country) – and the L2s as businesses within that state.

Let’s break it down in a literal sense:

The state of California currently has a GDP larger than most countries – which was kick started by the gold rush of 1848–1855. 

…but the state didn’t gain its riches from gold as much as it did from the businesses that cropped up as a result of that initial economic boom.

Businesses which continued long after the gold rush ended (like Wells Fargo, and Levi’s Jeans), and translated into decades of recurring tax revenue.

Same goes for these superchains!

Many of the L2’s that use their technology will succeed. Many will fail. 

Either way, they’ll all send revenue back to one of the four superchains listed above (each superchain has a token available for purchase).

So here’s the trick to reducing your decision fatigue:

Don’t focus on the 100+ individual L2 projects and tokens – focus on the superchains they’re housed under.

…and BOOM! 

Just like that, you’ve reduced 100+ decisions down to 4 foundational superchains that will each absorb economic value from the growing Ethereum L2 ecosystem over time.

MILK ROAD PRO PORTFOLIO UPDATES 📊

Look! Up in the sky! It’s a bird! It’s a plane! It’s… the Milk Man sharing his latest portfolio changes.

Like clock-work, every Tuesday, we’re here to share our updated list of investments from the Milk Road PRO Portfolio. 

Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “how to build a crypto portfolio in 2024” report to learn more about our portfolio strategy.

Portfolio performance 📈

The Milk Road PRO Portfolio saw a significant increase over the past 7 days. Our portfolio value is at $135.1K, up 6.31% since last week.

We’re continuing to grow at 6% per week—not too shabby! And guess what? We just hit a new all-time high! Finally! 🎉

Meanwhile, even though the macro environment remains a bit dicey, crypto just keeps climbing. Looking at our portfolio, 6 out of 12 tokens gained more than 10% this week—once again! Meanwhile, Bitcoin is only up 3%, and the cycle’s favorite, $SOL, is actually down 3%.

We do hold Solana, but we also hold a variety of other tokens—and this week shows the true power of diversification. So, even though it was a relatively calm week for the majors, our portfolio outperformed and grew more.💪

Portfolio changes 👀

BITE-SIZED COOKIES FOR THE ROAD 🍪

Uphold, a global crypto exchange, offers USD Interest Accounts. Instead of letting your cash sit idle, Uphold puts your dollars to work, earning a sweet 4.65% APY.*

Coinbase now supports Apple Pay for buying crypto. Onramping into crypto just got a whooole lot easier. Frictionless conversions between fiat and crypto, hells yeah!

France proposes to tax unrealized crypto gains. Unrealized gains? Wow, that’s brutal. For the sake of all the french folks, I hope this doesn’t go through.

We’re currently growing our team and are on the hunt for a WordPress Developer & SEO Specialist at Milk Road. Think you’ve got what it takes? Click above to read the job description and apply.

Milk Road's Ethereum Price page is an easy way to track the price of Ether ($ETH) and follow real-time updates. Bookmark this page and let Milk Road keep you dialed into everything $ETH, all day, every day.

*This is sponsored content

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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.