Transcription
People who look at this and are saying, "Oh, well, once it gets to a million, I'm going to sell and I'm going to take some massive uh, you know, returns." They don't, what they're really saying is they have no clue what's actually playing out here.
The Bitcoin price continues to consolidate as weak hands sell to strong hands, as short-term holders sell to long-term investors. Cuz if this if if this goes to a million, it's going to 10 million, it's going to 100 million, it's going to look like a Zimbabwe note of 100 trillion uh units.
Macroin investor Preston Fish explains what most people don't understand with Bitcoin and this new market.
If you think it's just going to go up to 500,000 and then it's going to kind of stop there and that's kind of like where where it ends and like that's the end of Bitcoin. It's now, you know, stabilized at 500,000. you really do not understand like what's playing out here.
And be ready for this market like we've seen before to start to get explosive.
And and I think the higher that you go like that, the more uh the more aggressive the bid is actually going to get and and kind of get away from uh legacy policy makers and uh people controlling uh currencies, fiat currencies as we know them.
Because as this bull market continues, the data that suggests that Bitcoin may be seeing diminishing returns, meaning the Bitcoin price has less gains as the asset gets larger, may just not understand where Bitcoin is on the Scurve of adoption. But um people that are that are suggesting that Bitcoin is going to have smaller and smaller returns into the future um I think are getting duped a little bit as to like what kind of plays out in the middle of that scurve. Um I I think that's what's happening with with those kind of ideas and comments.
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Because while I understand that Bitcoin is probably going to do well longterm, what are the altcoins with potential, we know Solana has a big big advantage because if something from Solana is missing, the Solana devs are on record that they'll just add it. the the great thing about competitors um and like the way that we think at Salana and like I'm not Salana but uh you know I would say it's common to to as well is like if people do things better than us we will just steal them we will just say okay that looks good uh if it helps our users we'll also do that uh right and so we don't have holy principles other than uh what's here which that says increase bandwidth reduce latency um and because once you do that then everything else kind of takes care of itself So, Sana's a yes. Bitcoin's a yes. We have two yeses.
What about Ethereum?
If just being an asset that companies can have as part of their treasury is uh is good.
Well, we know Ethereum treasury companies are sucking up all the supply right now. They're trying to buy all the supply before banks, before governments, before you can buy enough. What does Ethereum founder Vitalic Butrin think about this and also pay attention to his warning that he issues?
The social aspect of coordinating around if just being an asset that companies can have as part of their treasury is uh is good and valuable and uh like giving uh having different vehicles for people to have access to ETH which is I think one of the um reasons why you know like people are buying into treasury companies instead of just huddling ETH directly is uh also good right like giving people more options is good there's always people in all kinds of different financial circumstances that put all kinds of uh like requirements or incentives or properties on uh like what formats of things that they participate in and so no I think there's definitely yeah valuable services that are being uh provided there um and yeah like if you woke me up uh three years from now and told me that you know treasuries led to the downfall of ETH then of course my guess for why would basically be that somehow they turned into an overlever game and then uh at some point uh you know like they uh a 30% drop turned into force liquidations that turned into a 50% drop and then a 70 and 90% drop and then that got compounded with a loss of credibility and but uh I mean I think uh the you know people in Ethereum in general uh you know even including the people doing finance in Ethereum are responsible people like uh you know these are not Duke one followers that we're talking about. And so I think uh like yeah, as long as uh you know like leverage doesn't go too high and uh these things like don't start getting into those those kinds of mechanics.
So Bitcoin's a yes, Solana is a yes. Ethereum's a yes. Just don't let it and you can say this for any coin, but don't let it get too leveraged.
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We do have Ono. Ono is tokenizing financial products, institutionalgrade finance onchain. That's a huge trend. And even the SEC themselves recognizes the potential of tokenization. Here is SEC Commissioner Hester Pierce recently signaled on Bloomberg that the SEC is willing to work with firms on US equity tokenization. Ando is one of the main players in town.
And that's a point that you've made in the past that tokenized securities are still securities. You do have some firms, I'm thinking of Robin Hood for example, rolling out tokenized stock trading. I believe that's taken hold in Europe. So, I mean, do you see that as a potential area where you could run into some of these uh confrontations over firms trying to uh re really regulate and innovate and introduce measures such as that, but potentially coming up against some of these regulations that you're putting in place?
Well, without talking about any particular firm's approach, I think the bottom line is that we encourage firms to come in and talk to us. We expect that there will be some different approaches taken to tokenizing and we're looking forward to working with folks to to try those different models out and see what the market's like.
And speaking of tokenization, founder of Chainlink, Sergey Nazerof says right now, in his opinion, we are at sub 1% levels of everything being tokenized, meaning 99% to go, and chain link is positioned to be one of the players.
I think everyone is starting to realize that the amount of things that can be tokenized and put into decentralized finance protocols such as a for lending purposes is very very far beyond where we are now. Right now we are in my opinion at sub 1% levels of everything that can be tokenized and the transition we're really going towards in the world in our industry is actually all of this being tokenized. So this huge amount of assets becoming tokenized is really what this is about. When that happens, the cryptocurrency or blockchain or digital asset industry, depending on who you are, will be about these tokenized things. Our industry is fundamentally defined by the highest value thing that it represents. Right now that's cryptocurrencies. But even if cryptocurrencies triple or even if they frankly 10x and Bitcoin goes to a million dollars and Ethereum goes to, you know, whatever it goes to, you still have a huge gap between that market size and the market size of everything that can be tokenized. And so what you're what you're really going to end up in in this industry if it reach reaches even a third of its full potential and mainstream adoption is the tokenization of of the real world.
So chain link is a yes. Ono finance is a yes for me. And all you have to do to learn about this every day to be the crypto guy among your friend group is click subscribe. That is the video. Take advantage of the opportunities.