all right welcome back everybody to altcoin daily where you subscribe for a video on cryptocurrency
every day my name's austin in today's video i want to talk about how to retire off of cryptocurrency
focusing more on blue chip altcoins that are more longer term huddles now keep in mind nobody
can see the future i am not a registered financial advisor these are just my opinions but having said
that check the timestamps down below in the video description and let's jump in while we are going
to start with bitcoin also talk about binance and chain link any savvy investor whether they're
involved in cryptocurrency or not will tell you that the key to building wealth is earning passive
interest making money while you sleep and earning interest that compounds off of itself that's
the key ethereum and staking it in the eth 2.0 contract address is going to be a big part of this
and although expected roi is subject to change we can calculate expected return from staking
ether in the ethereum 2.0 deposit contract we will get to eth like i said check the timestamps
but let's start with a coin that is quickly being added to almost every portfolio bitcoin in this
recent salt talk that just premiered three hours ago notable investor kathy wood of arkhanvest
shares why bitcoin is her number one long-term huddle and listen to the analogy she makes with
the bitcoin protocol comparing it to the internet protocol watch this let me know what you think
so bitcoin do you think or what's your sort of vision for bitcoin is it going to become a reserve
currency is it scarcity value like real estate um it started the purview of every college student
including my own um knew about bitcoin before their parents did so what's your kind of vision
going on five years and 10 years for bitcoin as an asset class and a value we don't have to go out
five or ten years it's here um and we believe uh we we wrote a white paper in 2016 called bitcoin
ringing the bell for a new asset class and so yes we believe it's here we believe that bitcoin is
the reserve currency of the crypto asset ecosystem we also believe that uh there will be very few
huge winners in the crypto space we think the crypto currencies are going to be the huge winners
so this is really flipping the internet on its head in terms of how it evolved and the internet
evolved without a payments infrastructure and the reason for that is nobody thought commerce would
evolve on it this was for intelligence and academia and consumers in the united states
weren't even allowed to use the internet legally until 1991 a telecommunications act um so uh we
believe that uh the uh bitcoin is and crypto world the value accrual where we will see most of the
value accrue is to the cryptocurrencies themselves this is not what happened in the internet in the
internet the protocols so bitcoin's blockchain is one protocol ethereum another the protocols
uh basically just became standards right technology standards upon which these very
valuable applications were built facebook amazon and so forth the value accrued to the applications
this time we think the value will accrue to the protocols themselves and the currencies
as measured by their currencies we believe that bitcoin is already the reserve currency of the
crypto asset ecosystem uh and and we can see that uh in that many crypto assets most i would say are
are priced in terms of bitcoin so that's the unit of account the currencies uh are very important we
think there will be maybe four or five that are that are going to accrue the most value
okay great perspective give me your thoughts down below in the comment section while there is a time
to focus on hot cheap alts for quicker gains when you're thinking about retirement it's all
about those longer term huddles and notice that kathy said that she believes bitcoin will make it
in the end along with maybe four to five other top protocols and while bitcoin is going after
the store value slash money market ethereum is going after a separate market altogether
it's aiming to be a global supercomputer disrupt the amazons the amazon web services
and with the full implementation of eth 2.0 still multiple years away let's calculate
how much passive interest you could earn per year based on how much eath you stake now the minimum
is 32 eth to stake and to be able to run a full validator we made a video back in 2019
when one ethereum equaled just a few hundred dollars back in november third 2019 how much
ethereum should you own and we talked about this that 32 ethereum is the key now you can
do it with less than 32 ethereum you will be able to add a smaller stake to a staking pool
some companies can do it all on your behalf so you won't even have to worry about staying online
companies are doing this but also crypto exchanges are doing this as well they all want you to keep
your eat on their exchange binance is offering this allowing its users to deposit even the
smallest amount of ethereum promising a return of between five to twenty percent per year how obi
offering something similar while the minimum for ho obi is 0.1 ethereum it promises a
slightly higher return of the binance starting at six percent per year up to 20 percent okay x
something similar kraken something similar and even number one united states exchange coinbase
offering something similar showing that ethereum blue chip altcoin has major support
from juggernauts of the space now how much roi you should expect is still unknown it totally
depends on how many people choose to stake let's just say that you do have 30 to ethereum that you
did see our video back in 2019 and you load it up just in case assuming that the annual interest on
your stake will be around 7.69 which to me seems very reasonable and staking 32 ethereum today
in five years that would earn you a total of 44 ethereum and in 10 years earn you a total
of around 56 ethereum for staking for doing nothing that's pretty cool and you also got
to think about how valuable will one ethereum be in 10 years when you have 56 now i will
link this calculator down below you could do this all day you can put in different
settings for you to get the most accurate results for you staking 100 ethereum would get you 138
in five years 176 ethereum in 10 years definitely an easy way to support the network and make some
money now i do want to talk about some of the other top blue chip altcoins but first let's talk
about the ultimate tax-free retirement vehicle cryptocurrency iras basically if you want to
buy sell or trade cryptocurrency tax free i want to take 60 seconds and give you a recommendation
i like i trust capital they are a partner of the channel but i also personally use them
so you can trade 24 7. there's no hidden fees everything is very transparent and the thing i
like is they have institutional custody they are insured they are backed so your digital assets are
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cardano soon to come along with a vast array of the top kryptos check it out link down below okay
let's keep moving next blue chip altcoin making news finance and the binance exchange
starting today you can trade tesla the stock as a tradable stock token on binance
binance announces the official launch of its zero commission tradable stock tokens allowing the
users to trade fractional stocks now i don't think it's a coincidence that the weak coinbase stock
is going public on nasdaq here in the u.s finance is launching their own tokenized
stocks on their exchange users will be able to purchase as little as 100 of a tesla share
with the prices settled in binance stablecoin busd this finance product is backed by a depository
portfolio of underlying securities managed by an investment firm in germany interesting because
finance isn't even headquartered in germany give me your thoughts down below next up big news
for altcoin saffron and altcoin chain link saffron integrates chain link to settle and manage
tranches and just as a reminder saffron finance is a defy altcoin that actually lets liquidity
providers customize how much risk they want to give themselves our web3 app saffron finance is
a decentralized application that allows liquidity providers to get various degrees of exposure
depending on the risk reward appetite so it's very similar to the compounds to the aves only you can
manage your risk reward a little better well they have partnered with chain link to access
secure and reliable on-chain reference prices used to settle and manage liquidity for their
various tranches on saffron we selected chain link because of its position as a time-tested
and battle-hardened oracle solution backed by high quality data and wide market coverage
give me your thoughts down below that is the video like always see you tomorrow
you