if cardano continues on his trajectory i think you're going to see a 20 to 30
x i think it's gonna be a trillion dollar cryptocurrency and i honestly think that's
conservative because of everything that is doing i think i think it's blockchain
is going to be implemented with millions of people hundreds of millions of people
and dozens of governments around the world if not more so the average person to be wealthy
hey welcome back everybody to altcoin daily my name's austin here with aaron joined by friend
of the channel and returning guest crypto jeb who is a technical and fundamental cryptocurrency
analyst thank you for joining us thanks so much for having me also i'm looking forward to it
yeah and by the way i know you're about to get married so big things going on with you on and off
the crypto market so uh thanks for taking the time with us i want to get to cardano you follow the
project very closely maybe before we even get to that what's your take on the general crypto market
right now i think the crypto market right now is being heavily influenced by short-term technicals
and fundamentals that are very bearish but i think a lot of the things that are happening in the
crypto world and in the traditional geopolitical world are actually exemplifying exactly why
bitcoin and crypto was created in the first place you have you know people in ukraine that are not
able to get into their bank accounts you have the ruble over in russia down 30 within three weeks of
the conflict beginning uh ever since february the 17th has dropped from 1.3 cents down to less than
0.9 cents over the us dollar while the dollar is declining so i think what you're seeing right now
is there are all these geopolitical things that are having short-term negative price action on
bitcoin and on the rest of cryptocurrency markets we saw cardano drop below a dollar of course
it's having an impact on people wanting to leave the market it's a distraction
but at the same time a lot of what's going on in eastern europe going on with oil prices
going on with financial sovereignty is actually showing the reason why bitcoin's created in the
first place which is to help people achieve financial sovereignty over their finances
okay interesting and like a lot of risk assets are being drained right now obviously because
huge uncertainty in the global economic sphere is is this an opportunity for cordano or is
now not the time to be looking at these risk assets oh yeah no now is a great opportunity
for every asset cardano and bitcoin included you know there's an old saying in the stock
market billionaires are made in recessions because when people have capital on the
sidelines and you see the stock market go down you know 18 20 22 or you see crypto go down 50
like we saw in march of 2020 then the people that are sitting on the sidelines with cash
in either a stable coin or in fiat currency or in some other investment vehicle that is
less volatile than something like bitcoin and crypto they're able to take advantage of those
drops on bitcoin and cryptocurrencies so i think right now is a phenomenal time to be looking to
get into long-term positions however if you're looking to get into short-term positions with
how much uncertainty there is you might want to be a little bit more careful about that
so cardano is that for anybody that's never heard of it before you know how is it different than the
other layer two competitors out there what is it yeah absolutely so i actually had the
pleasure of interviewing charles hoskinson the founder of cardano about a month ago that was
a great interview for anyone who hasn't i'm not pumping my own channel here i'm just saying go
watch the interviews that he's done with uh dan from crypto capital adventure also very
absolute genius cardano's worth 30 billion dollars for a reason it's because it was built on
principles it was built for people and was built for a purpose there are things that cardano was
built on in a very similar way that bitcoin was built on principles and purpose and the same way
ethereum was built on principles and purpose the reason i talk about cardano quite a bit
and i have no affiliation with cardano let me put that out there i just like cardano cardano
was built with principles for a purpose for people and it puts those people over profits that's the
saying we have in our company quite a bit we put people over profits if we have to make a decision
and that decision either one will allow us to make more money or two that decision will allow
us to put people's needs first and help to serve them in the spirit of humility which is one of our
core values if we're able to make a decision and those are the two choices we're going to choose
people every time and that's what cardano does and many other projects do also but one of the
things that differentiates cardano is that while it yes is a layer one decentralized application
and d5 protocol platform such as ethereum uh such as uh solana such as avalanche it does things a
lot differently and that all of its technology is rigorously tested and back and uh is sent
through the scientific method there's hundreds of research papers they've been written on cardano
i believe it's one of the most thoroughly researched and developed cryptocurrencies
in the entire industry and because it's doing that instead of having to move two steps forward
and take one step back to fix problems that you could have fixed in the first place if you hadn't
built it right the first time cardano was able to lay down a strong foundation and actually build
a solid cryptocurrency the first time without having to go back through things like ethereum 2.0
and reinvent the wheel after you've already got a 400 billion cryptocurrency you have to
go and re-engineer it's not ethereum's fault ethereum was the first to market in its in its
asset class but cardona was learned a lot from some of the other projects that came before it
and i do think it's going to be one of the most rigorously excuse me rigorously tested and one
of the most solid cryptocurrency projects that uh is doing what it's doing in the market right now
i like it but here's the thing writing research papers that's cool doing it with the purpose
for people that's great what about the actual like token economy you know like
like what can we look forward to in the next like year i guess where we see cardano getting used
yeah absolutely so there's a ton of updates that are coming out to help with their three pillars
they got decentralization governance and exclusive accountability those are three major pillars those
are the three pillars of what uh cardano is striving for charles hoskinson spoke about
that on my channel the uh different updates that are coming out along cardano's line are helping
them to develop things such as for one their decentralized nature the fact that cardano is a
is a very much decentralized project charles hoskinson is the thought leader of course and he's
the founder of iohk and uh and iog but at the same time it is a project that's able to self-develop
and it's a community that's grown beyond him then you have their governance functionality
i'm not going to get into all of the different updates and everything that's going on that'd be
a little outside the purview of this video they're working a lot on different projects and excuse
me different applications and implementations that are going to help with their governments
governance and then you also have different updates coming out in their inclusive
accountability sector and basically what that means is that anyone is able to go in and audit
exactly what's going on on cardano so that you can hold the developers and the community of cardano
accountable to what cardano says it's doing and that's something that cardano is attempting to
help different governments do and that's one of the things that they're doing a lot of this year
working with the state of wyoming working with different municipalities around the united states
working with nigeria working with different african nations helping different governments
to bring online inclusive accountable systems so that people are able to fact check whether
their governments are doing exactly what they say they're doing and especially in a political
climate that we've been in for the last two to three years that's something that people take very
seriously because trust of governments is at an all-time low and cardano's attempting to help with
that what is the biggest challenge for cardano in the short next one to three years because
you know nothing is all sunshine and rainbows obviously if traditional markets continue to
tank in this global uncertainty that could be bad for all assets but with cardano what do you see
instant gratification and greed are the biggest problems that cardano faces because a lot of
people see that cardano has rallied to you know three dollars is sitting at the time recording
this on the fourth of march is sitting around and 90 cents right now a lot of people say oh
yes but cardano price go down well yeah but so did amazon amazon was down 80 90 from all-time
high back in the 90s and now it's worth 3 trillion because it focused on fundamentals
and implementation of a product that would help people and it would actually benefit the lives of
hundreds of millions of people so i think one of the biggest threats to cardano excuse me to th to
people missing out on cardano is the fact that a lot of people say yes but the token price is
down 75 yes but that doesn't matter you know it's the same thing with bitcoin when bitcoin's down 50
what people need to remember is that is bitcoin any less bitcoin today than it was yesterday
is it any worse at solving the byzantine generals problem is it any worse at building the most
the first decentralized ledger that was adopted by millions of people is it any less of that no in
fact it's actually better at that today and it's more secure today than it ever has been so what
i would say the biggest threat to the cardano community are people not investing in cardona
because they're looking at the price rather than the product i said this on around the blockchain
uh i believe you were on it with me austin i talked about how um the reason that i have so
much respect for cardano and charles hoskinson is because unlike most projects in the cryptocurrency
space instead of focusing on marketing charles hopkinson actually came on my channel and said hey
we struggle at marketing because we're so invested in product i would much rather have a company that
has an amazing product and struggles in marketing because the product will sell itself rather than
having great marketing and then trying to backfill the product because you promised something that
you haven't delivered yet and i think when people realize that that's what cardano is doing then
they're going to be wanting to scoop some up while it's sitting down here around a dollar
well said very well said i want to remind the audience to check out crypto jeb his links are
down below and if you're getting value from this video leave a comment give it a like but jeb none
of us are financial advisors audience do make your own decisions do your own research at home
but i got a fun question for you okay how much looking maybe 10 years down the line
if cardano holders are right how much cardano would you say the average person
needs to hold you know to become wealthy or for a life-changing gains hmm well that's
an interesting question thank you austin i believe that cardona and i made a video on
this and you guys can hold me to this in the next 10 years if cardano continues on its trajectory i
think you're going to see a 20 to 30 x i think it's gonna be a trillion dollar cryptocurrency
and i honestly think that's conservative because of everything that is doing i think i think
its blockchain is going to be implemented with millions of people hundreds of millions of people
and dozens of governments around the world if not more so the average person to be wealthy number
one they don't just need money i define rich as having to do with money wealth has to do with
money finances family relationships spiritual you know all that wealth i think is a lot more than
money but for someone to become rich and let's say they're able to retire i define retiring as being
able to work not work another day in your life and have enough money to maintain your current
lifestyle that's how i define rich if you if the average american person uh the average american
brings in you know 55 000 a year they want to retire let's say this person is 50 they're
expecting to live to 85 they need 35 years let's say that's let's just make up a number let's say
they need 750 000 it's going to go to 30x you do some simple math you probably want 10 to 30 000
cardano so it's 10 to 30 thousand dollars worth of cardano hold it for 10 years and
then in 10 years say you want to retire i would say that magic number for if you're trying to
retire you're the average person you're willing to live on 60 000 a year you're not trying to
become a millionaire you're not trying to buy a lamborghini if you're just an average person
you're trying to retire using cardano then i would say uh probably 10 to 50 000 cardano in
a bad step and you can build that through dollar cost averaging you don't have to buy all of that
today and in fact i wouldn't encourage that first of all not a financial advisor second of all i
wouldn't encourage you to go 100 in on cardano i one of my employees is actually 100 in on cardano
and i tell them like hey i don't know if that's a good idea but i would say probably somewhere
in that 10 to 50 000 cardano region so about 10 to 50 thousand dollars hold it for 10 years and
see where it would go but again diversification is important this is just a thought experiment
in 10 years let's all come back to this video and see where it ended up yeah you hold me to it now
obviously we're all just speculating that's half the fun of crypto but awesome insights today jeb
you always really know uh you're a great speaker and you have a great uh sort of pov on the crypto
market landscape so thank you final thoughts for the altitude daily audience if you haven't
subscribed already i don't know what you're doing these guys are doing an amazing thing i love you
guys content by the way i watch them like man i just i came here for one thing and i just learned
seven others i think that's kind of the magic of y'all's channel you click on the video you're like
oh yeah i want to hear about sunday swap or i want to hear about this exchange i want to hear about
the hashrate and then i'm like i just walked away with eight times more than i came for and i think
there's a i think you guys are very special in that so if you guys haven't subscribed one of
the best sources in the entire crypto space for updates on what's going on in the crypto markets
definitely gotta give them a subscribe follow them on twitter too they got some great stuff
over there too awesome man appreciate you appreciate that jeb thank you so much