GM. This is Milk Road, your stage mom in crypto (we’re out in the bleachers cheering “you show ‘em who you are baby!” at the top of our lungs.)

Here’s what we got for you today:

Today’s edition is brought to you by Meanwhile - the life insurance that lets you access your Bitcoin wealth tax-efficiently while you're still alive. Read more about Meanwhile here

WHY ‘BUY LOW, SELL HIGH’ DOESN’T WORK FOR MOST PEOPLE 📊

I’m worried this is actually true…

(Nope, yep – I just checked the chart and it really is that simple.)

If you buy $BTC when Fear & Greed enters the orange/red zone and sell when it flips green – you’re going to make money. 👇

It’s simple – sure. But ‘simple’ does not mean ‘easy.’

Problem is: we’re human. Which means we have those messy things that therapists refer to as ‘e-motions’ (am I pronouncing it correctly?).

That means we often want to do the opposite of the ‘smart thing’ – selling into fear and holding amidst greed.

We personally see the ‘f*ck it, I’m out!’ switch get flipped every time there’s a pullback – it’s marked by a massive spike in unsubs across this-here newsletter and Milk Road PRO.

Hell, the PRO team was close to calling the top in December and freakin’ NAILED the exact bottom of this recent pullback in April, but we still lost 250+ PRO subs during this pullback.👇

Point is: the fact that you’re still here and reading this is a WAY bigger deal than you realize!

It means you’re still committed to getting smarter about crypto and making better investment decisions.

And we believe that’s worth celebrating… so that’s exactly what we’re doing.

To commemorate your commitment, we have:

$BTC HASHRATES HIT ALL-TIME HIGHS 📈

If you hear the words ‘Bitcoin hashrate’ and think:

You’re not alone. Much like my parents sex life, recommended serving sizes, and the actual chances of winning it big on a scratch off – when I hear ‘Bitcoin hashrate,’ I think:

I don’t need to know about that.

But that changed this morning. 

See – ‘Bitcoin hashrate’ is just a fancy term for ‘the amount of computers plugged into the Bitcoin network.’

More computers trying to mine Bitcoin (aka: process Bitcoin transactions and earn $BTC in return) = increased hashrate.

And right now, hashrate is at an all-time high. 👇

Now – lemme walk through the line of reasoning that made me start caring about hashrates:

More miners on the network = more competition = higher costs to mine…

Higher costs to mine means there should be less people entering the mining space, but we're seeing the opposite – hashrate is increasing.

This can mean one of two things: 

(Boom, just like that – you care about hashrates.)

MILK ROAD PRO PORTFOLIO UPDATES 📊

Today we invested a fresh $1,000 into a Milk Road PRO Portfolio token. 

(And before you say it – no, it wasn’t Bitcoin.)

Ready for the big reveal? Go PRO and keep scrolling to find out. 👇

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 moderate decrease over the past 7 days. Our portfolio value is at $152.5K, down 5.12% since last week.

This is what a choppy market looks like — just waiting for a fresh catalyst to break out of the current range.

While there’s still a chance Trump could shake things up in a negative way, most investors seem to be holding out for more solid data to confirm that the next big move is likely upward.

And we’re all here for it. 🤗

Portfolio changes 👀

BITE-SIZED COOKIES FOR THE ROAD 🍪

$1.5B Bitcoin acquisition?! Another company looks to be joining the Bitcoin Treasury club.

Invest in Bitcoin through bonds? Russia’s largest bank just rolled out a product that does exactly that. It’s the first time we’re seeing anything like this.

What’s going on with tariffs? Our latest Milk Macro edition explains how the ongoing saga can impact your crypto bags.

Want to trade on HyperEVM but don’t know how? Here’s a quick rundown on how to go about it on Definitive.

Invest as you spend with the Gemini Credit Card®. Get approved by 6/30/25 to earn $200 in Bitcoin when you spend $3,000 in your first 90 days. Issued by WebBank. Terms apply.**

**this is partner content.

RATE TODAY’S EDITION

MILKY MEMES 🤣

ROADIE REVIEW OF THE DAY 🥛

VITALIK PIC OF THE DAY