hey welcome back everybody to altcoin daily this is a video that you do not want to miss
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and let's get into it wells fargo yes the wells fargo has just issued a report basically the tldr
is that it is not too late to invest in crypto in fact it is incredibly early now if you wanted you
could actually read the entire report yourself understanding cryptocurrency special report this
went out to all of their clients the big ones the medium ones the small ones everybody who's anybody
in the traditional financial world or probably has a banking account or financial account over
at wells fargo is reading this and just so you understand the key takeaways cryptocurrencies
too early or too late cryptocurrency users are growing globally and rapidly off of a low base
cryptocurrency appears to be near a hyper adoption phase similar to that of the internet
during the mid to late 90s so we're getting closer to where the internet was in the mid to late 90s
what this means for investors we believe that cryptocurrencies are viable investments today even
though they remain in the early stage of their investment evolution and i really liked this how
they illustrated this they're putting out charts like this now just like people in cryptocurrency
put out charts like this now wells fargo is doing it and they're showing the different s curves of
adoption that technologies go through electricity cell phone automobile color tv internet radio you
can see their s-curves of adoption and you can see where they placed crypto in relation
to all of these other revolutionary technologies we understand the too late to invest argument but
do not subscribe to it it is early it is not too late to invest it is early let me know what you
think about this in the comment section below so wells fargo is saying what we've been saying
on this channel for years wells fargo maybe they listen to us either way i'm i'm happy to see that
a respected institution like wells fargo no matter how you think of them a respected institution a
big brand like wells fargo is basically coming to the same investors thesis that we have it's
pretty eye-opening and especially with stuff like this shows you just how early and just how much
opportunity there is russia big news out of russia russia to regulate crypto dispelling
the fear of the ban government's plan to license exchanges and tax large transactions has the
support of the central bank which previously wanted to outlaw mining and trading so what
you need to know is this instead of banning cryptocurrencies the russian government has
decided to regulate them legitimizing a 2 trillion asset class in the world's 11th largest economy
a document settling the principles for the regulation of cryptocurrencies appeared on
the government's official website tuesday night notably the plan has the support of
this central bank which had called for a ban on crypto mining and trading but no more
and for full context as i'm sure you know russia is one of the biggest countries in the world
population 144 million residents of russia own over 12 million cryptocurrency accounts and about
2 trillion rubles or 26 billion worth of krypton just as big takeaway coming out of this is that
the russian government is recognizing bitcoin and crypto as currencies they recognize that
bitcoin is a currency they recognize that crypto is currencies which the way they regulate it as
currencies this is a win this is a big deal before we get to altcoin news i do want to invite you
again to hang out with us bitcoin miami conference 2022 use altcoin daily this code to get a 10
discount in any ticket you buy use the code we'll be there everybody's going hang out with
us use the code altcoindaily let's talk about cardano let me update you on cardano in 2022.
cardano has achieved a new milestone as total transaction count crosses the 30 million
mark let me give you some context and perspective cardano one of the most promising ecosystems
within the cryptocurrency community continues to make developments it's fair to say that cardano
is off to a flying start in february 2022 on the 2nd of february iohk the research and development
company behind the cardano blockchain announced the increase in the network's block size by 11
this would see the total block size grow from the current 72 kilobytes to 80 kilobytes
thereby allowing cardano's block to carry more transactions well they're reaping the benefits of
this now according to data by google data studio the cardona blockchain surpassed the 30 million
mark in transaction number this is the total number of transactions up and to the right i
like it as a cardano enthusiast this is good to see let's talk about ethereum scaling solution
arbitrarum ftx one of the biggest exchanges has integrated with arbitrary as for coinbase
they've added a petcoin ftx users can now withdraw ethereum directly to arbitrary mainnet
key takeaways are as follows ftx has added support for the ethereum layer 2 scaling solution arbitrom
the exchange will let users make direct deposits to ethereum's layer 2 without having to bridge
assets from the mainnet while binance and ftx have shown their interest in supporting layer twos
crypto enthusiasts have slammed coinbase for showing more interest in petcoins now i like
arbitrum i like optimism i like meatus and i did want to point this out to you in other news
interesting fact meatus which started off as a hard fork of optimism but decided to aim towards
decentralization well now metis has flipped optimism with more total value locked so i mean
this is just good for all l2s in general in other news tara has signed a five-year deal 40 million
sponsorship deal with a major league baseball team washington nationals ending weeks of speculation
tara has finally revealed which sports franchise it struck a deal with nationals terra and we've
been seeing so many sports partnering with crypto companies like this uh huge for adoption right you
know this is a raindrop in the flood of positive pr and marketing that cryptocurrency is getting
and will continue to receive in this case for five years huge news again this is big blackrock which
is the largest asset manager in the world i believe 11 billion assets under management
blackrock is now planning to offer crypto trading clients would be able to trade crypto through the
firm's aladdin investment platform said one of the sources but again blackrock is the biggest one
in the game and the fact that they're doing this i mean i'm sure many others who are smaller or
mid-sized to look to them will be like well now we can do this now crypto's no longer taboo
we're all getting into this grand theft auto game publishers are highly convinced by the opportunity
that is nfts they're not launching any nft related thing with grand theft auto yet but the publishers
say that nfts are a huge opportunity and they do want to head in that direction that's great
if you are in southern california make sure you meet up with us at this meetup it's coming up
tomorrow let me know if you're going hope to see you there it's a joint meetup with bitboy
and crypto wendy should be pretty fun my name is aaron at altcoin daily see you tomorrow friends