i think fidelity's put their finger on an issue there's 80 million americans that currently own
or have owned digital assets 30 percent of institutions want to own these digital assets
a 401k plan is a is a pretty common thing for millions and millions of workers to use to save
uh in order to protect their family interest and this is gonna uh fill um uh fill an important
vacuum in the investment product market welcome back everybody to altcoin daily
where you subscribe for daily videos on everything going on in cryptocurrency
in today's video we'll talk about the huge bitcoin adoption news and integration with fidelity
we'll talk about the major ethereum l2 news and a new token that's dropping you could potentially
claim this we'll also update you on what's going on with some of our favorite altcoins
like cardano like avalanche like tara and so much more if you appreciate us coming at you on a daily
basis smash up that like button and let's jump in fidelity is one of north america's largest
financial service providers they've just made a huge step towards bitcoin adoption and integration
fidelity to allow bitcoin in 401k retirement accounts fidelity's new product will let americans
allocate as much as 20 percent of their retirement savings into bitcoin why is this such a big deal
it's because fidelity is literally the largest in north america by the numbers
40 million individual investors at fidelity about 11.8 trillion assets under administration
about 4.5 trillion total discretionary assets about 2.8 million daily average trades
when you do well we do well as a privately held company we use our investors mindset to make
sound judgments for the long term for our customers and our business and to articulate
why this is such a sound long-term product to offer their 40 million customers and trillions of
money under management is michael saylor to clue us in as to why bitcoin is first of all why would
you want to put it in your retirement account and second what are the advantages bitcoins
digital property and that makes it the perfect asset for a retirement plan it's less risky than
bonds than stocks than you know commercial real estate than gold it was kind of built for this
most people buying bitcoin they want to give it to their grandchildren and their great grandchildren
so i think fidelity's put their finger on an issue there's 80 million americans that currently
own or have owned digital assets 30 percent of institutions want to own these digital assets
a 401k plan is a is a pretty common thing for millions and millions of workers to use to save uh
in order to protect their family interest and this is going to uh fill um uh fill an important vacuum
in the investment product market now and i realize that microstrategy is technically a tech
company but it is also the largest publicly traded company uh in terms of bitcoin holding
so are you expecting many of your employees to actually adopt this into the retirement plans
yeah there's been a lot of demand for this they've been asking for it for quite a while and so
uh it's a technical uh challenge to offer 401k savings plans and fidelity has overcome that
challenge in offering a great product so we're really uh really delighted to be able to offer
it to our employees let's talk about ethereum and then the optimism l2 token airdrop first of
all 10 percent of all circulating ethereum is now in the eth2 deposit contract what does this mean
the hunger for eath staking is insatiable this is the data you can see that ten percent
of circulating eath is now in the ether2 deposit contract at current prices that's over 33 billion
committed to securing ethereum through staking ethereum layer 2 network optimism is dropping a
token this is what you need to know this is being referred to as airdrop number one i'm
going to tell you how to check to see if you can claim your tokens and what's coming in the future
first of all optimistic protocol op is dropping five percent of total initial token supply
to about a quarter million unique addresses the focus is on people who have used optimism
contribute to their communities in a positive some way or are l2 curious or have been priced out of
l1 the airdrop includes git coin donors bridge users multisig signers snapshot voters even if
you haven't used optimistic protocol you should probably check whether you're eligible be very
very careful what you click on the official site is app.optimism.i and you can go to the governance
section heads up you actually can't claim yet you can only check to see if you're eligible
and most likely you will be eligible if you have bridged to optimism and used the l2 this is what
it'll look like if you're eligible to claim the airdrop you can see the eligible criteria are
repeat optimism user multi-sig signer optimism user donated to git coin grants priced out of
ethereum dow voter going forward this is what you need to know this is the first air drop five
percent of the total supply is being airdropped but in the future 14 of the total token supply is
reserved for air drops if you are not eligible to claim the free tokens in airdrop number one
you should probably still bridge your little heart out and use optimism's l2 if you're used to l1
optimism feels like magic and you will perhaps be eligible for future airdrops for the users
isn't that interesting regardless if you're able to claim in this airdrop number one or not
in the future you will most likely be able to claim if you are an optimism user starting today
future op airdrops is the best psyop it drives activity on optimism it generates more fees for
revenue for the protocol they donate fee revenue to public goods such as users turning degeneracy
into re-energy and then just finally what's even the point of optimism's token crypto needs to
scale the path to a super chain eth i guess should be paved with public goods the optimism's team
ultimate goal is to decentralize itself into nothingness and seed full control to the
community another stone on the road attention crypto holders attention crypto traders do you
invest in crypto do you trade crypto if yes i have a major opportunity that i need to clue you into
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you won't have to pay any capital gains tax your future self will thank you take advantage of this
use our link and receive fifty dollars in free bitcoin when you set up an account take advantage
of this let me know if you did in cardano news cardano has just increased its block size
by ten percent to speed up transactions and dap performance cardano is planning for its big future
along with avalanche avalanches new wallet will feel smooth as silk according to their president
so right now if you use avalanche you probably use it through the ethereum hot wallet metamask well
they're about to launch their own it's called core it will be a browser extension and mobile wallet
specifically for the avax ecosystem look forward to that if you're bullish on avax
and then finally with tara luna news fire blocks launches defy support for terror amid growing
institutional demand institutional investors have reportedly poured in over 500 million in
the first week since the integration has gone live the key takeaways are
leading crypto infrastructure and custody solutions provider fire blocks has announced
that it has integrated terra into its institutional platform the integration
allows institutions including venture capital and hedge funds to invest and earn high yields on d5
protocols like anchor lido astroport ontario fire blocks reportedly saw customers deploying
half a billion into the terra ecosystem in its first week since the integration went live
on april 18th my friends we are early i know there's still a lot of fun and misinformation
in cryptocurrency this is akin to the internet even in 1999 the media attacked the internet over
energy saying a lump of coal is burnt every time a book is ordered online today the same attack
has shifted towards bitcoin yeah bitcoin's not moving up very fast but it's not going down very
slow it's chopping around in a range is it boring maybe but boring is good if you want institutional
adoption i'm extremely bullish on bitcoin ethereum and the future of this industry that being
said join our team subscribe to the channel we release one video every day i'll see you tomorrow