welcome back everybody to altcoin daily my name is aaron where you subscribe for daily videos
taking you through everything going on in the space today smash the like button
let's get those likes up to 55 000 because bitcoin has recaptured 55 000 for the first time since
may congratulations if you took the risk like i did like we did bitcoin is pumping all coins are
pumping make sure you stay tuned for the end of the video we'll take you through the path to alt
season and those of us who've been in this space a while those of us who have been subscribed to
this channel for a while might already know this but we'll take you through this chart before that
if you didn't invest in bitcoin when it was six thousand dollars if you were scared to invest in
cryptocurrency when it was low i'm not surprised they called you an idiot for investing in bitcoin
and crypto when it was low the mainstream media mocked you for investing in bitcoin and crypto
when it was low the only thing that should double that quickly is the value of bitcoin just kidding
that was a garbage investment and you're an idiot bitcoin is just beanie babies for tech bros
look man every person i went to high school with was like yo bitcoin
is gonna change your life btc get on it right now and i'm like tommy wilson
you work at office max what the [ __ ] are you talking about
oh by the way by the way hey internet comments it's trading at 6.5 k go [ __ ] yourself look
the clip we just watched was from comedian hassan minaj circa 2018 from his old netflix show i say
old because this show is no longer on the air and since this point in time when bitcoin was around
six thousand dollars bitcoin broke above its previous all-time high twenty thousand dollars
rallied to a new all-time high sixty five thousand dollars and at this point in time
it is getting close to re-testing that and i believe bitcoin will break above it he called
us idiots for investing in bitcoin he told us to go f ourselves what do you think about this
many people in fact at this time circa 2018 were telling us to go f ourselves or calling us idiots
i'm talking about people in the mainstream media they should have been subscribed to our channel
you can go back to 2018 so when we first started the channel alleging that bitcoin would go up
alleging that crypto was the future and now we're here these same people are going to be calling us
lucky in the future saying we just got lucky now higher prices are coming i know this
because bitcoin education bitcoin awareness has literally never been better when it
comes to mainstream media like this when it comes to independent media people are truly
understanding the opportunity that is bitcoin that is cryptocurrency if you're one of those people
who is totally lost about bitcoin and you need someone to explain it to you watch this one of
those people that is totally lost when it comes to bitcoin so what is it can you explain that
yeah i was there with you at one point too but bitcoin is essentially a form of digital money
and a digital store of value it is completely native to the internet and the hardest thing for
some people to wrap their head around with bitcoin is that it's not physical like paper money but you
know think of how little we actually transact in paper money or cash today right and think of
how something like the internet and email really change the way we communicate over something like
paper mail so the two most valuable aspects of bitcoin are its scarcity and its decentralization
it is decentralized in that no central bank or government controls its supply and there
are actually no third parties involved in the transactions you are sending value directly from
one person to another and they could be across the world and it settles almost instantly and
as for the scarcity this one is really important when we see what's happening with inflation today
and really the decreasing purchasing power of the us dollar bitcoin was programmed to only have 21
million coins ever to come into existence making it more and more valuable every year
bitcoin was actually invented in 2009 and its returns over the last 10 years are nearly
1 million now apple and amazon over that same time period did about a thousand percent
the s p 500 about 300 and your average savings account today with that tiny little you know
percentage yield actually depreciates in value due to inflation so that's why so many people think
this is the future of money doors are opening up for bitcoin and cryptocurrency that is why i say
in my opinion i'm quite confident that bitcoin and crypto has higher prices ahead of it gary gensler
the head honcho at the sec clarified and said the sec can't and won't ban bitcoin or cryptocurrency
the us approach to crypto regulation is actually quite different from that of china which is a good
thing and doors continue to open up regulation means they're not banning it regulation equals
game on another first has happened for bitcoin and crypto holders u.s bank announces bitcoin
and crypto custody services u.s bank will launch its crypto custody service amid ever increasing
interest in digital assets the interest is there they have to adapt or get left behind that's right
the fifth largest bank in the us is now offering bitcoin custody services for bitcoin for litecoin
for be cash this is in partnership with nydig and they're soon to add ethereum and other digital
assets now switching to another bank i found this quite interesting bank of america identifies 20
high-profile u.s companies with crypto exposure did you realize all of these public high-profile
companies have exposure to crypto walt disney fox corporation and jp morgan are among a list of
20 publicly traded u.s companies with some level of exposure to crypto and digital assets based
on data by bank of america according to bank of america report published just monday companies
like morgan stanley signature bank warner music group also have some exposure to digital assets
now in all 20 of these companies that bank of america identified as having exposure to crypto
these are public companies bank of america also rated the stock as either buy sell or neutral
and actually all of these companies with crypto exposure are either buys or neutral according to
america's second largest bank now as part of the report bank of america categorized these
companies as seeking significant market value growth because they're interacting with these
digital assets and of course this is on top of a report that bank of america previously published
citing their bullish outlook for cryptocurrencies including nfts including d5 this is why i say the
world is changing most people don't realize this yet but we're seeing the dominoes fall
george soros their fund manager says bitcoin has gone mainstream and george soros and the fund owns
some coins i'm not surprised nfts on ethereum in q3 a 300 percent increase over 2.44 million
in q2 every quarter nfts have gotten more popular yet every quarter we always hear this is the top
this is the top this is the top this is the top there will be a top and the market does go in
ebbs and flows we're in a nascent market which is exploding and there's a lot of opportunity here
probably nothing right mike tyson snoop dogg shaq steph curry just to name a few getting into nfts
probably nothing lightning network capacity crosses 3 000 bitcoin for the first time ever
probably nothing right fashion retailer pacsun says it's going to start accepting crypto payments
from online shoppers through a partnership with bitpay starting this week pakistan will
accept 11 cryptos including bitcoin ether and also five usd stable coins you can see the way
the future is going so let's talk about altcoins and actually let's specifically talk about chain
link because what's happening with chain link is actually a microcosm to what's happening
with more quality altcoin projects in general and of course let's talk about alt season in
general and how we can profit from this the most by just talking about how the market usually ebbs
and flows but first of all let's talk about chain link a microcosm for all quality altcoin projects
chain link wallet count trending up and to the right the chain link wallet count has actually
risen steadily since chain link's inception august 2020 less than 200 000 january 2021 around 300 000
october 2021 almost 600 000 actually 600 000 soon so just think about the future the number of chain
link wallets looks set to reach 1 million sometime between april which would be the
most bullish outlook to august which would be the least bullish outlook sometime this year either
way we're going to make it how many link wallets do you think we'll see by end of year 2021 2022
what are the more quality projects that have similar charts like this in the cryptocurrency
space let me know your thoughts on this in the comments below let's finish off by talking about
many people are wondering you know i see bitcoin pumping i see some higher caps pumping but i want
to really profit off these altcoins i love what secrets of crypto shared with us when alt season
don't focus on a date but understand money flow duration of phases are parabolic meaning first
takes the longest and last goes the fastest phases overlap and can temporarily reverse
so prepare accordingly actually prepare for anything i loved this write-up path to alt-season
alt-season is a function of the market due to new participants flooding into crypto around the same
time phase one takes the longest phase four goes to fastest phases overlap can temporarily reverse
before continuation it's likely that there are multiple alt seasons per crypto bull cycle of
varying degrees the biggest one being after the end of bitcoin's bull run when the largest
number of participants enter the market right at the top i don't even think we're at that yet
but let's just go through these like the video if you appreciate us sharing this with you i'm gonna
like it because i appreciate secrets of crypto sharing it so phase one money flows into bitcoin
flow of money moves into bitcoin causing the price surge we're seeing this now
of course these phases overlap phase two ethereum ethereum is actually outperforming bitcoin and
we hear talks of the flipping we hear this every time phase two and phase three overlap large caps
ethereum has been outperforming bitcoin and large caps are going parabolic and in the final phase
alt season large caps have gone full vertical we're seeing blow off tops mid caps low caps
micro caps all tend to pump around the same time large caps have been outperforming
bitcoin and ethereum it seems every coin is going parabolic regardless of fundamentals
memes are everywhere everyone is super excited and you feel the mania in the air when i think
we're at each one of these phases i'm surely going to report it to our audience so make sure
you subscribe and i hope you got value in this video with that being said i'll see you tomorrow