welcome back everybody to altcoin daily you subscribe because on a daily basis we
take you through major stories happening in cryptocurrency we break things down
make the whole crypto market easy to understand just like we're doing today let's start with
a rather revealing interview kathy woods of arc invest gave cnbc squawk box as you know she's a
famous investor highly well respected and she is very bullish on cryptocurrency as a whole
so they ask her if you're so bullish what are you putting your money on and she laid out three
verticals that she is hugely bullish on not just for the next year or two but for the next decade
so listen to her three verticals she's bullish on in crypto number one bitcoin we really do believe
while we are in a massive slump right now uh we do believe that the three revolutions around crypto
that we set forth in our big ideas 2022 and you can find that on our website
that they are underway and they will not be stopped the money revolution that's bitcoin first
global digital private rules based monetary system number two ethereum and d5 d5 d5 really
came of age in 20 and 21 and while the reach for yield went way too far and the leverage in
some protocols way too far and algorithmic stable coins as a an economist myself i didn't understand
them it makes sense that they're not going to exist but defy itself has taken off and we're
impressed at how robust the ecosystem has been a lot of people expected the terra luna meltdown
to cause a systemic uh chain reaction and we're seeing a little bit of that so far the ethereum
blockchain upon which d phi is built has held up very well and number three nfts and digital
property rights and then the third revolution which is the most in its infancy is probably where
the token revolution was in 2017 and that's nfts but we do believe that digital property rights
which is what nfts represent digital property rights are going to become incredibly important
i know again from my economic background that property rights lift people and countries out of
poverty and we think that the opportunities that the uh digital property rights will allow creators
and and many others we're going to find all kinds of utility and we can't even think of it right now
just like we couldn't understand quite what defy was going to be when tokens first came around
so we're believers and we think the ecosystem if it consolidates that's not a bad thing
before we get to recent news involving polka dot involving maker dao celsius and micro strategy
i don't want to be clip heavy this episode but snoop dogg and his crypto partner champ medici
also were interviewed on cnbc and it's amazing to see a-list celebrities now making cryptocurrency
part of their identity so the whole interview was rather lengthy i'm just pulling two clips for you
i thought this was really cool first of all music icon snoop dogg speaks on the cryptocurrency crash
and why he is still bullish on the future of the web 3 industry listen to this we're in currently
a crypto sell-off just what do you make of the sell-off though no you didn't know that right
how long do you think crypto went to trip won't last forever cuz it's crap guys crypto flying
no i mean um i think it was a beautiful industry that was created i feel like every great industry
has a downfall there was always a depression in every industry you can look at alcohol tobacco
clothing uh food every industry that you can imagine but they all made a
a certain incline when this when the industry got back right and i just feel like this weeded out
all of the people that wasn't supposed to be in that space and all the people who were abusing
the opportunities that were there and now it's going to bring on great business and moving
forward when the market gets back right it'd only be great things that you know pick and choose from
and then just one more clip snoop dogg and champ medici speaking on something that they're very
familiar with nfts and web 3 how it relates to the music industry in their opinion it will be big
do you think that nfts still have a major place in the music industry i mean that seems like in the
arts but specifically in music that's really where it kind of took off the opportunity for people
i know i know it has a great opportunity to be big in music because sooner or later the label's
going to have to come on in and they're going to have to come on home and they're going to have to
sit at the table and understand that you know their catalogs and things that they hold on to
are better served on the blockchain than sitting in the catalog collecting cobwebs
and well and death row seems to really have set kind of a blueprint for that have you have
any of the other labels kind of reached out to you for guidance or all of them all any advice and
it's not even just labels it's it's movie studios it's tech companies it's beverage companies it's
everybody's rushing to web 3. and you know they see how big you know dog is in the space
and how we're pioneering amongst all the other natives that's been here for the last five six
seven years feels good to be in crypto let me get to some recent news let me update you on what's
going on with some of our favorite protocols first of all and this is a big one for polka dot polka
dot unveils new on-chain governance model first of all the key takeaways polka dot is getting a
new on-chain governance model the new gov 2 model aims to improve inclusivity and decentralization
while increasing the number of decisions polka dot governance is able to make gov 2 is set to
launch on kusama their canary network imminently following a final professional audit of its code
for further details to understand what's going on the main goal of the new governance model is
to increase the number of collective decisions the polka dot governance system is able to make
whereas the current system uses a public proposal queue the new governance model will allow anybody
to start a referendum at any time as long as they wish this means that under the new gov 2
structure there can be multiple referendums covering a wide range of issues happening
simultaneously and no limit to the number of referenda that are open to voting at any time
while the new system grants more freedom and more flexibility new measures have also
been introduced to safeguard the protocol from attack so polka dot getting bigger and better
more decentralized more secure what do you think about this as a polka dot holder i like it in
other news one of the blue chips in the ethereum defy ecosystem maker dao of course they have the
over collateralized decentralized stable coin die maker dao may invest in bonds and diversify into
the traditional financial world what you need to know is this maker dao is looking to invest 500
million die into u.s treasury bills and possibly corporate bonds as well the move which has been
discussed for months within the governance forum is an attempt to generate yield with some of its
holdings while diversifying the community is currently voting on the preferred investment
strategy though it still has the option to reject the proposal altogether it's great to see so much
in decentralized finance hold up especially as we're seeing so much in traditional centralized
finance crumble celsius news celsius denies that ceo mashinsky tried to leave the united states
of course withdrawals are still paused on celsius of course users still have their money
in celsius they want back i guess some people are saying that machinski was trying to leave the u.s
celsius denies this celsius has denied reports that its ceo alex machinski attempted to leave
the united states this week on sunday reports that machinski has attempted to leave the u.s via a
new jersey airport began to circulate celsius is facing a liquidity crisis its closed withdrawals
over two weeks ago and is being investigated by regulators and finally bitcoin jesus himself
knew bitcoin jesus and his company microstrategy continues their bitcoin accumulation amid
the market slump microstrategy has added another 480 bitcoin to its holdings despite the steep
market downtrend one of the reasons i bring this up we'll probably ask him about this tomorrow
we're interviewing michael saylor on our channel it will be pre-taped recorded we'll release it
a few days later but please i'm gonna leave the link to this tweet please comment under this tweet
i'll leave the link below what other questions do you have for michael saylor obviously he
wants to talk about cardano obviously he wants to talk about ethereum and crypto and guess what
what other forum what other podcast what other youtube channel would he get a chance to be asked
about cardano or theorem we'll surely ask him some of this of course he'll want to
talk about bitcoin but super excited to have the legend himself on our channel so comment your
questions below this tweet i'll leave it linked below that's it for me ladies and gentlemen my
name is aaron at altcoin daily subscribe to this channel join our team and i'll see you tomorrow