Have you ever watched the movie Varsity Blues!? Well if not there
is a scene I like to quote all the time…stick to the basics my friends. What does that mean
in football as well as crypto?? Stick to the basic fundamentals. And that is what we
are doing today…some deep dive FA, fundamental analysis. So are you ready for our Oppty Oop?
Well you don’t really have a choice…because it’s time for Chico Crypto!!
So fundamentally…what should be the goal of a crypto investor!?
Well in my opinion finding the projects who have a fundamental reason to stick around….aka
longevity. The ones that aren’t going to disappear in a cycle.
Bitcoin & Ethereum aren’t going anywhere, and there are many altcoins who fit this bill too.
And there is a certain altcoin…one of my favorites
who has fundamentals on lock. They have a growing use case, they have BIG partnerships,
and they are using the tech which will allow it to scale far into the future.
And they were just mentioned by name in a very important press release, from the world’s
largest asset manager, with 10 trillion dollars in assets under their management.
Blackrock posted this blog “BlackRock bitcoin private trust” and it says
“BlackRock is committed to providing clients with access to their choice of investment opportunities
and has launched a spot bitcoin private trust. The trust is available to U.S. institutional clients
and seeks to track the performance of bitcoin, less expenses and liabilities of the trust”
Now this is important because it’s a spot bitcoin trust…not a paper futures trust.
This means there will be real bitcoin, bought on the spot market, inside of this trust.
But the blog shedded more light into how this trust will work.
Blackrock says “BlackRock is encouraged that organizations such as RMI and Energy Web are
developing programs to bring greater transparency to sustainable energy usage in bitcoin mining,
and will follow progress around those initiatives.”
And as you can see they hyperlink to a certain program in the post. Clicking into that we can
see it takes us to a medium post from Energy Web titled “Climate-safe crypto:
Energy Web and RMI unveil decarbonization approach for electricity-intensive industries” and the blog
states “Energy Web, and RMI have released a draft approach to evaluating the material impact of
market-based renewable energy purchases. The approach is applicable to any sector and is
currently being trialed with bitcoin miners as the foundation for an eventual certification program
that will credential renewably-powered mining and hosting operations.”
Further down it says “The process of accreditation, data verification,
and issuance of verifiable credentials for cryptocurrency will be conducted
using an implementation of Energy Web’s open-source Green Proofs solution.”
Green Proofs? Well everyone should know, Blackrock has gone
full throttle into sustainable ESG investing. This is apparent on their
website as it states “Sustainability is BlackRock’s standard for investing”
So it’s obvious to me, Blackrock will be using Energy Web’s Green Proofs for BTC
solution to decide which miners or entities they will be purchasing the Bitcoin from for the Trust.
Because if you go back to the blog it says “With the announcement,
RMI and Energy Web have launched a broad stakeholder engagement consultation,
with the goal of refining and improving the draft approach following public comment and feedback”
Blackrock is a stakeholder in this. Do you need more proof? Well as you can see the blog from
Energy Web was posted May 9th. Now look at this tweet from Walter Kook of energy web
on May 9th, in reply to the launch of that blog post…he
posted a rock…that went green, and said “ProofOfGreen rocks”...
Can you say hint much all the way back in May??
Now if we go back to Blackrock’s release on the trust…there may be some more bready crumbs. It
says “BlackRock recently announced a partnership with Coinbase that will
provide common clients of Aladdin and Coinbase access to the digital assets trading lifecycle
through connectivity between Coinbase and the Aladdin platform, starting with bitcoin.”
Could this be a hint of a connection between Blackrock, Energy Web & Coinbase? These were
the only 3 entities mentioned in the press release…Energy Web Coinbase listing imminent!?
So do you think I’m just gonna stop at this?
No Chico Crypto has way more fundamental alpha to drop on you all…
Have you ever heard of the D-Rec Initiative??
Well going to their website…we can see they are “Creating a new global
mechanism for the certification of distributed renewable energy (DRE).
And below it says “We are designing, delivering and demonstrating new ways to certify and value
distributed renewable electricity attributes through the creation of a new, internationally
recognized market instrument called the D-REC (Distributed Renewable Energy Certificate).”
Now going to the about us, we can see…a company called southpole is one of the two leaders of
the project & below this, we can see Energy Web is one of the implementation partners.
Now in October of last year…this D-REC system was presented by South Pole….and at around 12 minutes
into the presentation, they drop this slide which shows how extensive the ecosystem of partners
is…Microsoft, Google, Coca Cola, Heiniken,
and many many more partners, including listing Energy Web…but how involved is Energy Web?
Well let me tell you….BIG TIME!! Later in the presentation, they explain what
the D-Rec does…let’s listen in. Now did you notice anything in that slide? Well let’s just go back…as
you can see D-REC is built on the Energy Web Chain….
Although…this goes even further. Soutpole tweeted back in October that the D-Rec
initiative would be presented at COP26, the United Nations 2021 Climate Change Conference,
and look who was presenting besides Southpole…Google was…
But we already know Google has been working with Energy Web for
over a year now…who else could be connected to EWT??
Well at the end of 2021, Paypal released this document, their “2021 Global Impact Report”.
On page 32 they have a section titled “Assessing & Mitigating the Climate Impacts of Crypto” and
in this section they say “. We support efforts to develop GHG emissions accounting guidance
that is consistent with recognized and widely adopted accounting frameworks
and have used recent research from Crypto Carbon Ratings Institute
and South Pole to begin preliminary estimating our own impact.
And they include a hyperlink…which takes you to a document from Southpole
titled “accounting for Cryptocurrency Climate Impacts” and it says under
about this report “This report was jointly developed by Crypto Carbon
Ratings Institute (CCRI) and South Pole, in consultation with PayPal.”
Now if you search the document not by Energy Web,
but by Crypto Climate Accord, we can see this is referenced three times!!
Who is the Crypto Climate Accord!? Well if you don’t remember, the Crypto Climate Accords goal
is to make crypto and its supply chains Green.
Jointly created by Energy Web, RMI, and the Alliance for Innovative Regulation.
It seems pretty obvious to me, Paypal is likely to be joining
the Crypto Climate Accord & will be using solutions built on the Energy Web Chain….
Who does research like this on crypto youtube!? Not many do like Chico…because we
always…stick to the got damn basics. Cheers viewers, I’ll see you next time!!