I want to know where I got wrong about Bitcoin or explain it so I understand it finally. This is a crazy week for crypto right now. As of tomorrow, Microsoft shareholders will vote on adding Bitcoin to their treasury.
Amazon shareholders propose a 5% Bitcoin treasury; of course, this would have to be voted on and approved. I could keep going. Riot Platforms is raising half a billion dollars to buy Bitcoin amid the price surge.
All this equates to unrealized demand for an asset that has a limited supply. Demand is increasing, not waning, and while the true opportunity may be with the altcoins, watch today's whole video for the alpha. I want to share with you this video and this video because they target two completely different sets of audiences.
This is Fox Business, this is the former CFTC chair of the United States educating Wall Street and the big on why to buy Bitcoin. We live in a time where one out of every four dollars has been printed in the last five years. We are actively debasing our currency, and at the same time, Bitcoin has embedded into its design a program of scarcity: you can never have more than a certain amount of Bitcoin.
So, while the dollar is depreciating, Bitcoin is appreciating. Quick factoid: in 2018, the average American home would have cost you over $260,000 and over 400 Bitcoin. Today, the average American home is now over $460,000; it would cost you less than five Bitcoin.
What's been the better investment over the last five years: Bitcoin or dollars? So that's a message on why to buy Bitcoin, directed at the big institutional money coming from a voice they respect. And then there’s Dave Portnoy, founder of Bar Stool Sports, who’s speaking to the average person.
By the way, Bar Stool Sports has over 66 million unique monthly users, meaning millions of people. This is Michael Saylor convincing Dave Portnoy that Bitcoin is better than SafeMoon. I chose SafeMoon; I put 40 grand into SafeMoon, a coin he bought and lost a lot of money on back in the day.
I bought 40 grand on my own; I picked them on my own, and I lost the money on my own. Michael Saylor is using sports metaphors to educate Dave. This is a full two minutes I want to share with you the whole thing, then react.
Dave showed up about 20 minutes ago and I want to look at the setup we have here. I want what we talked about because we have the video of the Winklevoss twins telling me Elon Musk is going outer space and raining gold down. That confused me; I sold it.
Yeah, and if he mines all the gold in the asteroids above Earth, then all of a sudden, gold is that like a real statement? Yeah, I think he will. Like, the next.
. . so all of a sudden—wait, what?
So after sitting with them for half an hour, do you have any idea what Bitcoin is? I literally have no idea what Bitcoin is, do you? No, you just buy, buy, buy, buy 400 something thousand Bitcoins with your company, and you.
. . So, if I want to know where I got wrong about Bitcoin or explain it so I understand it finally, yeah, I think let's talk about it in sports metaphors.
Like, first of all, there are some games that you can't play; you got to watch. If you're just watching the game and the team wins, that means your season tickets are going to get more expensive next year. But there are other games you can play.
You go into a casino and you play the game, but you know the game's rigged against you. There are some games where the house wins; you're not winning. And Satoshi created a game that's rigged in favor of the individual.
Is he a real person? Satoshi is a real person—gone but not forgotten. Do you know who that person is?
We're all Satoshi. We're all Satoshi. Now, Dave, okay, right.
I don't know if Michael's really killing it with this explanation thus far. Let's give him a chance. Will Dave be able to understand it?
The most important thing to know is that, like Prometheus gave us fire to warm you up, Satoshi gave us a game we can all win, right? And Bitcoin is that game. You know, there are certain things where you don't want to be on a network where they can censor what you say and they can freeze your account.
Bitcoin is a monetary network where it won't censor where you send your money; it won't freeze your account and it's engineered in such a way that, on the margin, you're winning the game over time. So think of it like this: wouldn't it be great if you had a basketball team? You had, you know, LeBron James, you had Michael Jordan, and you had the digital version of them, and they played forever.
You could get on the court and play with them. When they score points, you're scoring two points but you're all getting rich together and you're all winning together. That's what Bitcoin is like.
It's like everybody gets to play, and everywhere in the world I go, there's like a fan club—there are hundreds of millions of people that are on Team Bitcoin. You should join Team Bitcoin! You, the 100 million fans, would be rooting for you.
And the great thing about it is you don't just win the game; you get wealthy while you win. Honestly, I do think that's better than the. .
. maybe Michael should have just said, "Dave, this could literally be your last chance to. .
. " Buy Bitcoin under $100,000. Do you want that Flex or don't you?
And you know what? I'll say it: I think I could have done a better job of just talking to Dave like one of the dudes, you know, an average guy, and explaining what Bitcoin is at its most simple level. What is Bitcoin?
What is the blockchain? It is just, yeah, I don't know what a blockchain means. That's the other thing: it's just a digital ledger.
So, Dave, I put this challenge out to you: I can be on your podcast tomorrow, but let's talk altcoins because you subscribe to Altcoin Daily to stay in tune with the market and understand what's actually happening. So, Ando Finance, since launch, holders of Ando's tokenized treasuries have earned over $25 million in yield. We are proud to deliver real value and put yield back in the hands of holders.
The global markets I think truly has the potential to transform what people do on public blockchains. The goal is to take publicly listed securities that have deep liquidity in traditional markets and put those on. Cool to see the product being used and fundamental metrics keep going up and to the right!
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Well, Chain GPT, which is AI crypto infrastructure, is an interesting tool to use our AI trading assistant. It'll help you feel less overwhelmed with technical analysis, bearish/bullish signals, and live chart patterns. Let's go to this link.
Again, this may work for some people; this may not work for others, but it's important for you every day to tune into Altcoin Daily and just keep understanding what's out there. So, the AI trading assistant—this is a TA assistant, and it is premium, so you got to pay, meaning I paid five bucks for about 500 credits. But we go to AI trading assistant right here.
Start. Hmm, I like to trade Solana. Great!
Gathering Sol data. Can you specify the time frame? Let's go daily.
I'm trying to win this trading competition and actually on Bitu next; let's go and match the same. So, we're going to go to the Solana USD trading pair; we're going to make sure we're on the daily. Please choose a trend you want to analyze from the list below.
So, I guess this doesn't quite tell you the pattern, but if I thought maybe this was a head and shoulders pattern, maybe we would go to head and shoulders. Anyway, this is not an instant "this is how you trade" tool, but another tool to check your work, find the trends faster. And this is interesting: my favorite L2 this cycle is Meus, and it's gearing up for a massive breakout, in my opinion.
So, some things to note about Meus, according to the analyst, they received a $100 million grant from the ETH Foundation. Vitalik Buterin is the lead dev; we know this. It's the only layer two with a decentralized sequencer, and it does seem to be in some bullish consolidation.
And very interesting news coming out of MetaMask as well as Ethereum L2 Linea: Memomics—the economy of memes. MetaMask and Linea, now we're starting to understand the value of meme coins. What's up, everyone?
Welcome to Memomics 101: the economy of memes. We'll talk about why memes on Linea, maybe even shout out a few favorite community projects. Obviously, we know that Foxy is currently the blue chip meme coin on Linea, and as the head of growth on Linea has stated, he expects MetaMask to capitalize on memes by using its existing infrastructure portfolio—wallet, etc.
—and its unique position as a crypto stalwart. I'm curious about your perspective: are you aware of any memes on Linea that you think have a very strong community? Yeah, I mean, you know, I’ve been supporting Foxy since day one.
It's really good to see that recently, you know, it's acting as the example of what you guys plan to do with memes on Linea. So, it's very cool that they're amping up the memomics. If you've made it this far in today's video and you feel you got value, hit the like button, and like always, see you tomorrow!
