bitcoin is sound money it's a non-sovereign hard cap supply global immutable
decentralized digital store of value you can have an argument about whether or not that's important
or not i think that's very important i think having a non-sovereign digital store of value
is uh a great use case i think moving over to layer one smart contract platforms the
the broadest way i would characterize this is if i look at big tech broadly and i say is the
state of big tech causing problems in society yes or no my answer to that question is yes
it's causing problems in society and then when i project out you know is technology going to
be more or less intertwined with humanity in the future more or less i think the answer
is more okay so if technology is gives big tech companies and centralized technology
are causing societal problems today and humanity is going to become increasingly more intertwined
with technology in the future in the coming decades then what is the likelihood that the
problems that exist today will be exacerbated in the future as humanity becomes more entwined with
technology i think there's a reasonable likelihood that they they will become exacerbated and then i
believe that decentralization can serve has the potential to serve as a platform to uh sort of
alleviate the types of societal problems that are uh they're being caused in with big tech right now
welcome back everybody to altcoin daily where you subscribe for daily videos on everything going on
in cryptocurrency on a daily basis we keep you informed this is why you subscribe who we just
listened to is none other than bitcoiner travis kling the cio and co-founder of akigi asset
management if you follow the market every day like we do you realize why what travis just said is a
big deal travis kling super smart guy been full time into crypto since 2018 and up until now he's
a super smart guy but i've always thought of him as more bitcoin only he's really only shared the
value prop of bitcoin specifically so travis cling going on record today in the bear market of 2022
and saying it is crypto nfts dows x to earn and web 3 this asset class is going to outperform
every other asset class over a 3 5 10 year horizon i'm convinced of that talking about
how his investment fund is shifting strategies a dawn of a new era this is a big deal let me share
with you a twitter thread he put out explaining his decision why he thinks that crypto web 3
x2 earn is the biggest opportunity in this space today he loves bitcoin but crypto is a whole lot
more than bitcoin in 2022. follow along a dawn of a new era for akigi we launched akigi in
december 2018 at the depths of the bear market so maybe it's a good omen we're launching our first
venture fund now couple thoughts first of all we believe deeply in bitcoin that's been true
and remains true it's one of the most important innovations of the last 100 years full stop it
has enormous potential to make the world a better place it was an idea we could fully get behind
however we are not bitcoin maximalists we never have been but over most of the last several years
we just believed that bitcoin's value proposition was much more clearly defined than other cryptos
we no longer believe that and we think other use cases in crypto can greatly benefit humanity too
for context through 2019 and 2020 we struggled to come up with compelling investment thesis for most
cryptos outside of bitcoin sure names would pump to high heaven but they often ended up crashing
and producing limited to no lasting impact we worried about publicly supporting that sort of
thing in summer of 2021 that changed we watched axi infinity change the world that specific
project may or may not prove to be a flash in the pan but the innovation gave thousands of people
in developing nations a living wage that might not otherwise have had it that was a big deal that was
something we could get behind that was objectively making a positive impact on humanity by leveraging
technology we started doing a lot of work on play to earn scholarships guilds and we were
compelled by long-term potential we wanted to back these projects and others we strongly believed
had the potential to make the world a better place these are multi-year commitments to projects
through thick and thin and you need long-term capital for these sorts of investments today
in 2022 our mandate has shifted and is now broad within web 3. we expect to be spending a lot of
time in the metaverse x2 earn gaming game fi dows nfts and whatever else hasn't been invented yet
we can be first money in or partner with projects further along in their life cycle
we will back web 3 teams and web 3 projects that can make the world a better place
projects that are leveraging technology to empower humanity rather than the other way around
we believe acts to earn will redefine the concept of work in the coming decades it's the top of the
first inning our commitment to the space is and you can trust that we'll do our best to do our
little part in pushing this whole thing a couple steps in the direction of driving societal change
for the good through decentralization that's why we named it akigi and this is why their fund is
shifting from bitcoin only to web three broadly played to earn nft's dows the like the fact that
travis kling such a notable bitcoiner and notable voice in the space has laid his cards on the table
not only shifting his rhetoric but also shifting where he's putting his money and money talks
travis kling saying that for the past few years we didn't want to be responsible for
talking about different crypto projects because we really couldn't see the use case and value prop
being as clear as bitcoin but in 2022 this is all changing we're putting our money into web three
we're going to be talking about web3 a lot more this is the future again he said crypto nfts daos
x to earn and web3 this asset class is going to outperform every other asset class over a 3
5 10 year horizon i'm convinced of that i wanted to share this with you because this is where smart
money is going smart money is continuing to get into not just bitcoin but quality
cryptocurrency projects in the space if you have an x to earn web 3 nft dow project that you like
that you think has potential let us know in the comments below i'm excited to research some of the
coins that you guys like in the comments section attention crypto holders attention crypto traders
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set up an account take advantage of this let me know if you did everybody's always worried about
regulation so let's talk about regulation real quick the cftc chair so not the sec chair but the
cftc chair both of those organizations work hand in hand to regulate securities and commodities
the cftc chair went on cnbc recently and this is important he reaffirmed that ethereum is
not a security he says it is a commodity like bitcoin it's obvious bitcoin is a commodity
he says ethereum is a commodity and many other cryptocurrencies although there are
many securities pseudo securities there are many other commodity type coins too and both the cftc
and the sec it is important that they regulate in good faith and there will be winners in the space
the sec chair gary gensler has said he thinks most of those tokens are securities under the
law right now does that sound about right to you well i you know i could say for sure bitcoin which
is the largest of the coins and has always been the largest regardless of the total market cap
of the entire um you know uh digital asset market capitalization is a commodity so um ether as well
i've argued this before my predecessors of as well is a commodity so there may be in fact
hundreds if not thousands of security coins uh but there are plenty of commodity coins and i
think it makes sense as we've done historically to make sure that each agency has jurisdiction over
commodities and security my name is aaron at alt coin daily see you tomorrow friends