so i mean look right now it looks like that everything's bad and i'm not going to deny
that every asset class is getting hurt uh the one i'm most interested in is crypto because a lot of
people are in crypto and crypto really does seem to be imploding but it goes from 3 trillion to 1
trillion why should it stop at 1 trillion there's no real value there nfts i mean you know you look
at these companies there's these companies that you never heard of and they blew up over the
weekend and you just say to yourself holy cal there's 600 million dollars just going down the
drain we had gary gensel the chairman on a few weeks ago and he just said look anybody who has
a come hither rate uh of investment you just you know it's the rate that you earn you can kind of
forget about them and that's what's happening all right all right places can sam bank and freed save
listen how many can you save we had 13 nine was what the katie's next katie stockton's next bit
uh bitcoin uh support level 39. what an awful lot nfts sold to you welcome back everybody to altcoin
daily this is a video that you do not want to miss just like always guys we take you through the top
stories of the day including information on some of our favorite altcoin projects
we keep you updated this is why you subscribe let's jump right in cnbc analyst jim cramer says
cryptocurrency does really seem to be imploding when it goes from 3 trillion to 1 trillion
why should it stop at 1 trillion there's no real value there and of course juxtaposed this
from jim cramer just a month or two ago shilling ethereum when ethereum was three thousand dollars
i'll tell you if you have been around for multiple cryptocycles like i have like many
people in our audience have what's going on in the media now from the sentiment that they share
to the sentiment that retail shares is a tale as old as time it's cyclical it happens every cycle
my question to you is are we in the anger stage or to me it seems like we're getting more into
the depression stage getting more into it my retirement money is lost how can we pay for all
this new stuff i am an idiot so jim cramer says that there's no real value in crypto he seems to
be conflating nfts with crypto with bitcoin well let's just take a look at bitcoin and
you tell me is there value here i think there's a lot of reasons to be bullish on bitcoin and i
think there's a lot of reasons you know thinking long term zooming out in the grand scale of things
why bitcoin under 20k today might be a huge buying opportunity if it does fall down to 13k i think
that would be a huge buying opportunity of course that's my bias but you tell me bitcoin is trading
below its 200 weekly moving average and short and long term cost basis for only the fourth time
in price history these levels have historically marked generational bottoms to go along with this
oh look bitcoin balance on exchanges is dropping some people understand that there will only ever
be 21 million bitcoin they are getting their piece of the pie and an interesting thing to note
one of the biggest buyers of bitcoin are shrimps with a net position of less than one bitcoin
huge sat stacking by small accounts right now and actually the biggest buyers of bitcoin right now
are mega og whales and those with less than one bitcoin who know that this period is their last
chance to get one whole bitcoin do i believe that do i believe that this period we're in right now
is your last chance to accumulate one whole bitcoin of course i can't speak for you of course
it's different for everybody's personal situation but just like i believe that the chance for a
regular person to accumulate 10 bitcoin a regular person cannot accumulate 10 bitcoin at this moment
in time i believe that over this next year will be the last chance for a regular person to accumulate
one whole bitcoin i believe that i believe that's worth it you tell me what you think below but yes
personally i believe this and then of course the biggest rewards in the future will come
from altcoin projects now am i saying right today is the bottom of cardano it's never going lower
no what i'm telling you is that taking a look at just june unchained cardano stats so cardano stats
in a bear market again things are looking good from a more fundamental level so did somebody say
cardano is a top 10 project by development activity in the last 30 days let's take a
look at what developer activity is and why this matters high development activity implies three
things number one the project is serious about its business proposition number two the project will
likely ship new features in the future and number three it's less likely that the project is an
exit scam so development activity can be used to gauge a project's commitment to creating a
working project product and the continuously polishing and upgrading of its features
so all that being said cardano in the month of june wallets are slightly up eight is staked about
the same delegated wallets about the same stake pools about the same transactions up five percent
native tokens up six percent and pluto's scripts up three percent with policies up three percent so
things continue seemingly to look strong for the cardano ecosystem of course this whole market you
know the market movers are bitcoin and eth and if bitcoin stays low alt coins could get wrecked for
another few months but i'll tell you one thing the biggest gains in the future will be altcoins
sometime over the next year i believe if not throughout the you know throughout the year
you're never going to hit the exact bottom i believe that there's going to be some awesome
opportunities to take out altcoin positions now for cardano specifically at 45 cents
in the grand scheme of things getting into cardano at 45 cents might be a great price maybe a better
price would be 30 cents or 20 cents we don't really know but you tell me which coins right now
i know there's going to be big opportunities over the next few months but what coins right now based
on their price right now do you think are great buying opportunities please let me know in the
comments below we'll continue this conversation in the comments the writing is on the walls and
it's going to be interesting to see if there's a country that gets ahead of america in terms of
support for crypto and blockchain technology because you know we already have spot bitcoin
and ethereum etfs in australia and canada the us that has yet to be approved even for bitcoin
and other countries are funding crypto development italian government will provide 46 million
in subsidies for blockchain projects all companies developing internet of things ai or blockchain
tech will be eligible to apply for government subsidies provided the funds will be used in
specific sectors such as health so the ministry of economic development of italy has announced
that certain blockchain projects will qualify to apply for up to 46 million in government
subsidies starting this september in a tuesday announcement the ministry said companies and
public or private research firms will be able to apply for funding from the
government for the development of projects of things related to ai internet of things or
blockchain tech this is all part of the italian government's goal for investments in technology
research and their goal is to innovate quote we support companies investing in cutting-edge
technologies with the aim of encouraging the modernization of production systems
through management models that are increasingly interconnected efficient fast and secure
the goal of competitiveness requires the manufacturing industry to constantly innovate
and use the potential of new technologies so the italian government is doing it right
in a lot of ways make sure you subscribe to the channel we drop a video every day
keeping you informed hit the like button if you got value today and i'll see you tomorrow