one other thing is i think i looked at there's 32 companies that have bitcoin on its bal there's
uh so there's 40 about 40 50 000 publicly traded companies globally on global exchanges okay 32
of them have bitcoin on their balance sheet square microstrategy tesla only 32. do we think
that number is going down or going up right what happens when that number's a hunt of uh 500 100
000 10 000 what does that do to the price of bitcoin it's it's not even the it's like
the second pitch of the first inning you know in terms of when you think of where this thing can go
and then when when the companies all have bitcoin on their balance sheet then a central bank's gonna
fall because they have gold on their balance sheet right they do that because they know what
they're doing by printing money they stack gold they're just going to start stacking bitcoins
all right that was of course billionaire investor tech aficionado tyler winklevoss illustrating
just how early we are how much potential bitcoin a digital gold has in 2021 and beyond now in today's
video i want to go right to the expert's mouth and talk about the easiest way to 10x your money
turn 1k into 10k with cryptocurrency i also want to update you on ethereum on decentraland
on cardano as well as the latest token being pumped by elon welcome back everybody to
altcoin daily where you subscribe for a video on cryptocurrency every day like always let's jump in
and let me be very clear that the easiest way to get rich with cryptocurrency is to huddle it's not
the fastest it's not the most exciting but it's the easiest and today i want to talk about big
picture strategies to help get us there tip number one and this is according to tyler winklevoss
is to buy bitcoin today if you can or just sometime in 2021 and hold it's that easy bitcoin
has a minimum of another 10x in it over the next five to 10 years according to tyler according to
cameron and that's how they've kept such strong conviction to hoddle for years we are early
watch this why have you guys held on this entire time there's been volatility all this stuff like
what what has kept you guys so convicted since the very early days until today so we still think it's
really early um we think uh bitcoin's gold 2.0 it will disrupt gold so its market cap has to be 10
trillion or more because that's the market cap of gold so bitcoins hovering around 1 trillion now
we still think it's a 10 at least conservatively at 10x from here so even at 35 000 it feels like
a really good buying opportunity uh long term because we think at a 10 trillion dollar market
cap we think one bitcoin will be worth uh 500 000 and we think that could happen inside this decade
uh definitely the next five years so we're hobblers at least until 500 dollars and then
at that point you won't even have to sell because you can borrow off or whatever right yeah the
thesis hasn't really played out yet we're like one twelfth of the way there and when we wrote that uh
that thought piece in august bitcoin was at 13 000 it hit i think 64. this august this august you
know um so this story's really just playing out it's just getting started okay very interesting
do you agree do you disagree comment below let me know your thoughts but either way this
is precisely why we've only just started seeing institutional adoption for bitcoin and let's take
this one step farther bitcoin potentially is more valuable than gold it's more valuable than a 10x
and the winklevi will tell you why gold has perceived scarcity people can choose to mine
more gold if and when they choose bitcoin has actual mathematical scarcity watch this then let
me know what you think you know we we've seen this but yeah like cameron said our gold 2.0 thesis
is that it disrupts bitcoin disrupts gold and we think that's the conservative bull case obviously
bitcoin's a lot more than gold it's an open source project that continues to evolve and can
do so much more it can become the global reserve digital currency of the world of the galaxy like
when we get to mars what's the currency going to be on mars it's gonna be dollars no it's gonna be
yeah bitcoins right like bitcoin is software gold is hardware you can do so much more with software
and iterate at such a faster clip so i think 10 trillion is sort of like the conservative bull
scenario gold likely contracts over the next 25 years you put a probe on a asteroid with trillions
of dollars of gold i mean there's so much gold in this universe it's plentiful like sand
uh just on this planet it's it's a little bit more more scarce it's scarce not fixed and a lot
of people don't understand that bitcoin is the only fixed asset that i know of in the world in
the galaxy it's the hardest soundest money we've ever known uh two-thirds of the of the gold supply
has been mined since 1950 so as the price for gold goes up people find ways to mine it becomes
more profitable no technological breakthrough can change the supply of bitcoin it does not expand
with an increase of demand or technology just doesn't happen there's no commodity like that ever
okay really really valuable perspective in my opinion give me your thoughts if you agree or
disagree down below again point is easiest way to 10x your money invest in bitcoin and huddle
having said that there are other ways there are other coins right well bitcoin is going for the
use case of digital gold store of value money other coins are going for different use cases
and have potential value as well ethereum a coin in which the winklevi had described as digital oil
going for the use case of digital supercomputer is beginning to see institutional adoption as well
anchorage digital has just rolled out eth-backed loans with america's 10th oldest bank and what's
surprising is we're seeing heavy interest from traditional finance the firm rolled out its
latest lending product today in partnership with bankprov which was founded back in 1828 known then
as the provident bank and this tie-up will allow institutions that custody their eth with anchorage
to put those assets to work and historically we would have only seen this with more traditional
assets but now they're choosing eth anchorage will continue to hold the eth as collateral while bank
prov extends lines of credit denominated in us dollars and backed by ethereum now this structure
of lending products isn't new anchorage already offers btc-backed loans in partnership
with silvergate digital asset bank but what's interesting is silvergate that's not traditional
finance this is a very tech savvy new age digital asset bank they do this with bitcoin currently
both anchorage collateralizing and eth opens new doors and the partnership with bank prov targets a
different client base in a direct quote silvergate primarily has crypto clients bankprov has a larger
set of traditional clients so you can also see this as another step in crypto becoming mainstream
what this means to you is this is just another green flag from traditional finance for ethereum
as an investment now let me pose this question to you maybe digital gold isn't your thing maybe
a global super computer isn't really your thing maybe gaming is your thing well next piece of news
major auction house south of bees heavily respected opens a virtual replica of its
london gallery in decentraland the virtual gallery is located in decentraland's voltaire
arts district and can be found using map coordinates 5283 wow very cool and i suspect
they wouldn't be giving decentraland the time of day if they didn't see potential value there
sotheby's i hope i've been pronouncing this right sotheby's the 277 year old british auction house
announced friday it is claiming its stake in the metaphors with the launch of its very own virtual
gallery with the purpose of that virtual gallery being a destination for artists collectors and
viewers to engage in a direct quote we see spaces like decentraland as the next frontier for digital
art where artists collectors and viewers alike can engage with one another from anywhere in the world
and showcase art that is fundamentally scarce and unique i.e nfts but accessible to anyone
for viewing okay mana definitely an altcoin to keep on your radar let's keep moving next piece
of news for eth competitor slash inner operator cardano cardano ada stake addresses have exceeded
a 600 000 milestone i.e more people than ever are choosing to support the network that's according
to the data according to the data provided by pull tool which is cardano's data collection tool the
total staked value of ada is 42 billion which represents 73 percent of the total 60.2 billion
supply and subscribers of this channel we covered a similar story like this a few days ago but
what's significant to me here is this increased growing exposure of cardano staking by various
platforms marks a turning point for ada for example imining a publicly traded canadian company
recently included cardano in its list of supported assets for staking services i-mining aims to
introduce cardano to institutional investors very interesting what are your thoughts on this
from january 1st to the end of april the number of ada active addresses increased by over 417 percent
while the number of transactions on the network increased by 380 percent over that same time
period i like it now again some of this data we've mentioned to you before but as different
projects different alt coins continue to grow this channel will always keep you informed
and next piece of more fun crypto news lower cap altcoin news did elon musk just pump c-rocket and
yes that is a name of an altcoin and this is what elon musk just recently tweeted pretty interesting
troll but what are the details so did the ceo of tesla and a literal spaceship builder just
support a cryptocurrency called c-rocket named so for its mission to send mail e-jack in the
same direction as his reusable rockets and the answer is yes it looks like it and from what i
can tell this low-cap altcoin is aimed to be a network of adult-themed nfts hence the name and
this is not a one-off for elon it's probably a two-off investors think this is the second time
that musk has endorsed the project the first they believe was yesterday when musk tweeted canada
usa mexico with no additional context people are thinking that's an acronym for the altcoin
now you'll have to tell me your take on this i'm choosing to see this as a positive because
i think it's now clearer more than ever that we shouldn't take his tweets as gospel he has the
biggest troll on twitter but if you're interested in adult themed nfts maybe this altcoin is for
you it was actually founded a few months ago by lydia a british tick-tocker and software engineer
and lid used to post videos about cryptocurrencies but she fell in
far deeper and elected to create her own project based on the binance smart chain adult actresses
shelby paris lacey london and lauren phillips are ambassadors of this altcoin wow what a time to be
alive i'll keep you updated like always that is the video my name's austin see you tomorrow
appreciate you
you