all right welcome back everybody to altcoin daily let us know if you are our half a
millionth subscriber this is a huge milestone i want to welcome everybody to the channel of
course the reason you subscribe is because you're interested in making money in cryptocurrency
and staying up to date on a daily basis on everything going on in the crypto currency market
we have so much to talk about today i want to talk about bitcoin i want to talk about
elon musk we know he's buying bitcoin but is he buying ethereum is he buying cardano
i'm going to show you the evidence it's just speculation but there is some evidence to back up
this speculation and of course i want to know what you think in the comments if you think elon musk
would touch ethereum or would touch cardano i want to know and then of course we're going to
get into altcoin news that you need to know about so make sure that you like the video support the
channel and let's get started bitcoin has printed its biggest hourly candle in history a 10 000
drop holy [ __ ] that's one hell of a wick and some serious buying volume and this is what
the bitcoin price chart looks like on the day chart as you can see bitcoin dropped currently
to where it was just two to three days ago and even if we go to the lowest point in the week
because keep in mind guys now you know pro tip here now that bitcoin has had an 18
dip it's possible we could go into a consolidation mode because market structure has been broken
possibly of course nobody knows the future and the more important point here
is if you're scared when in doubt zoom out bitcoin is in a great place the best thing you can do if
you're one of the new people who bought recently continue to learn continue to study every day
and huddle bitcoin right huddle bitcoin and guys i've said this before certain types of fud
against bitcoin it's over there's there's always going to be fud but as far as people selling or
the majority of people selling because of on-chain data this type of information is something we've
never had this quality and quantity of any other bitcoin cycle we know that bitcoin supply on
exchanges is shrinking it's just a fact even as price has been going up for months and months
this is unprecedented in a bull market compared to every so this is us this cycle how much bitcoin
has been taken off exchanges compared to last cycle it's a lot longer it's a lot deeper again
this is unprecedented in a bull market and there's nothing more fundamental in economics than supply
and demand so am i a bitcoin buyer here you bet i am and plenty of other people are before we get to
cardano before we get to ethereum finishing up on bitcoin as we know microstrategy a microcosm for
you know what's going on in the corporate world plans to buy 2 000 bitcoin per second as you know
the company recently raised another 1.03 billion dollars according to the firm's ceo michael saylor
they're planning to make a purchase of over 2 000 bitcoin per second in the span of 10
working days and this is just the company that we know about the guy who likes to talk about it
imagine how many companies or entities or whatever is buying bitcoin without us knowing about it yet
and will only feel safe coming out and supporting bitcoin when the price goes higher well we can see
on chain data that shows us that this might be the case two whales just withdrew a billion dollars
from coinbase bitcoin has never been more expensive they withdrew one billion dollars
has left coinbase in the past day 36 separate transactions were made each valued at between
351 and 391 bitcoins so case in point no matter how you look at the data bitcoin is being bought
up with that being said let's talk about elon musk if what i'm about to share with you is true
this would be big there's reason to believe that elon musk is either getting into ether or getting
into ada now just a year or two ago even saying elon is getting in on bitcoin you're thought of
as being a crazy person and there is a you know what's true is that elon musk understands the
value proposition of bitcoin about 1.5 billion for his company accepting it for his product
so make no mistake about it he's putting his money into bitcoin however there is reason to
believe that he may be getting into ethereum or cardano as well i'm going to lay out the
case again this is just speculation you'll have to tell me what you think in the comments below
let's start with ethereum for a long time elon musk never mentioned ethereum the first
time i could find him talking about it is july 2nd the summer of 2020. what's interesting is
that he was responding to a tweet from a year earlier may 2019 william shatner tweeted at him
my friends vitalik and elon were trying to decide what to build on ethereum and he never responded
until a year later he goes i'm not building anything on ethereum i'm not for it not against it
just don't use it or own any so ether maybe wasn't on his radar in 2019 he wasn't interested in 2020
at least we know it was on his radar especially to respond to a tweet from a year prior and he says
i'm not for it i'm not against it but it is on his radar the next time he brought up ethereum was
just a few days ago he was arguing against peter schiff just talking about bitcoin just talking
about bitcoin and then all of a sudden just a few days ago he says that said bitcoin and eth do seem
high lol oh well there you go he says they're high he's not going to buy anything if it's too high
lol bitcoin ether what's interesting is this tesla stock price is too high in my opinion this was
may 1st 2020 as you know elon musk over the past year or tesla rather has been doing stock buybacks
may 1st 2020 wow the tesla stock was too high that's interesting so when elon musk
tweets bitcoin and eth do seem high the fact that eth is on his radar the fact that he
kind of did this similar with tesla stock it's just interesting that's why a lot of people think
elon might be getting into ethereum well how about cardano that's a new one as we know ethereum has
high gas fees a lot of people are touting cardano as a another viable solution an up-and-comer
is elon musk getting into cardano now the reason anybody thinks this is because he just recently
changed his avatar from bitcoin laser eyes to fork in the road metafork as it were why does
that matter well if you go to cardano's website discover cardano and you scroll all the way down
to purpose this is what it says cardano is a fork in the road according to the website it takes us
from where we've been to where we're destined to be a global society that is secure transparent and
fair and which serves the many as well as the few like the technological revolutions that have come
before it offers a new template for how we work interact and create as individuals businesses and
societies truly cardano is a fork in the road so is elon musk buying cardano a fork in the road
let's get to some altcoin news polka dot a lot of people are fans of polka dot
goldman sachs jp morgan ubs are trading an etp tied to polka dots crypto this is interesting
goldman sachs icap jp morgan and ubs have bought the first exchange-traded product that offers
exposure to polka dots dot cryptocurrency for clients this is according to bloomberg this is
according to bloomberg terminal data and has been reviewed by coindesk so i would say that
these companies are all interested in trading polka dot they think polka dot has some upside
that's what i assume that's what i glean from this information either way i think this is a very um
interesting metric and bullish indicator for polka dot moneygram drops ripple citing the sec lawsuit
moneygram will no longer use ripple's xrp based liquidity product due to the uncertainty
surrounding the crypto asset so actually they came out months ago and said we hardly used it at
all but here's the thing guys i know we have some ripple bulls in the audience i've never
been a believer that's just me hey you can think whatever you want it's only been eight years maybe
it'll get some bank adoption eventually and of course just two years ago moneygram was touted as
such a big deal now that's dropped now the sec is suing the company i would say from a fundamental
perspective it doesn't look good however you know 589 xrp whatever the thing is thousands of users
flock to binance smart chains latest app i just wanted to point this out that finance smart chain
competing directly with ethereum it's a fork of ethereum the only thing that really changed is
that binance controls all the binance smart chain nodes it makes the fees a lot cheaper
we are seeing users flock to it at this point we'll have to see you know more long term if
binance smart chain is used because you know it's centralized it's just a fact right block fi.com
altcoin daily i always see comments about block 5 in our comment section saying most people like the
service that block fi provides it's traditional financial services for cryptocurrency if you use
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apy with a blockfy interest account and if you use our link if you use the code altcoin daily you can
get up to 250 crypto bonus with a deposit of 25 or more in crypto make sure you check out the terms
and restrictions yourself i like block fi block five is one of the best in the game you can do all
sorts of things trading buy sell they're backed by some of the biggest names in cryptocurrency again
if you have bitcoin ether litecoin stable coins just sitting around and you want to earn up to 8.6
apy why not take a portion and put it into block 5. nfts and crypto collectibles are getting huge
soccer fan tokens on the march as poland's biggest soccer club adopts crypto so they're issuing
fan tokens to all of the fans of their you know of the game the spread of blockchain based soccer
fan tokens across europe continues on monday as poland's most successful soccer club partnered
with sports fintech firm chillas the leg fan token is expected to launch in the coming months
and will grant supporters voting rights on various club decisions token holders will also be eligible
to take part in exclusive games competitions and vip experiences the supply of leg fan tokens will
be capped at 5 million um this they joined 21 other european football giants to have created
fan tokens on the platform recently that's pretty interesting nba top shots sees 32 million of
trading volume in one day thousands of people are trading the nft based basketball trading cards
dwarfing that of any other rival product a lot of hardcore bitcoiners make fun of nfts and
they make fun of digital art but the people are speaking they're interested they're all about it
they like it finishing up this should be an nft for eth you know we're seeing a big correction
and not just bitcoin eth wicked to 700 on kraken only huge wick and then besides that as far as
eth goes they have plenty of things coming up this year that i think is going to be bullish
for the price all right thank you guys very much my name is aaron make sure you're subscribed to
the channel feel free to check out either of these two videos for more information see you tomorrow