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Welcome back and hopefully everybody had a great holiday season we are now entering 2024 and it’s time to get back to work in today’s video I’m going to be discussing why I bought ethereum as we’re entering 2023 did Solana’s price top out at over $100 more than 10x in just the last year

Since the FTX collapse and B and the pond Ox founder calls Charles hoskinson and cardano a scam we got a lot to discuss in today’s video make sure you guys are subscribed to the channel give the video an absolutely free thumbs up and uh remember guys I

Upload every single day of the year since 2018 completely for free to bring you the latest happening in the financial world let’s get right into the the biggest topic that we have going on is what has happened with Solana over the past month or so we have seen Solana

Effectively go from an $8 price at the FTX collapse at the end of November 2022 and uh you can see you know where we were at the end of December was about $9 $8 now we’re at $115 so you can see the one-year return on Solana is 900% the three-month return

Is basically 500% and just in December 100% return so there is a lot of movement in Solana and yes guys I got it wrong you know I called Solana as the banker coin as the billionaire coin built by and for the billionaires I’ve been very consistent about that since

2020 but you know what uh as I explained you know there are a lot of cryptos here that you know we like to identify when the top and the bottom of the market is and I miss the bottom for Solana but that doesn’t mean there’s not other opportunity out here because there is

And I want to remind you guys that I don’t I don’t look at like trades like this and say oh I missed it I I missed out I missed the boat because guys there’s 20,000 cryptocurrencies and most of these cryptos are micro cap cryptos that have the ability to move 10x in the

Matter of a day based on just volume increase so I never look at it with regret because this is when there’s already people that I’m seeing on X uh in the comment section YouTube videos saying oh it’s time to buy at $100 time to buy at $110 I’m like what we we just

Went $900 100% higher with zero correction in the last year on Solana’s price you don’t think there’s going to be a correction of course there’s going to be a correction uh so I’m not looking at it that way the other thing to keep in mind is you know back to getting back

To work in this bull run right we’re at the very very very I think it’s the pre-stages of the bull run I don’t even think that we’re in the bull run yet even though people are like cryptoviser what are you talking about this is a

Bull run no no this is a bare Market rally I don’t think that we’ve uh approached the bull run yet but either way even if we have in approached the run we’re at the very early stages of it and so we have to look at where the market is going to rotate because

Remember the value isn’t just going to disappear if the market corrects the value is going to move out of Solana into other assets and identifying what those other assets are is something that we do on this channel and what you should be doing probably in your investment thesis and strategy and by

The way nothing I say on this channel is financial advice I could be wrong about anything and everything that I say I’m not a financial adviser and I’m definitely not your financial adviser so make sure you guys do your own research before you make investment choices and don’t make investment choices based on

What I say now Ryan Watkins who is the co-founder of syn syncrasy capital and previously a Missori crypto said Robin Hood really sold their user Solana at $19 in June and remember you know we had a lot of uh a lot of D listings happening earlier in

2023 and the likes of like Robin Hood and some of those other smaller type retail trading apps they just closed user positions they didn’t even allow transfer off the platform when they were delisting and so $19 think about all those users uh that had number one a taxable event with those sales from

Robin Hood At $19 and then number two those that probably didn’t reinvest that money and they could have effectively been 10x just since June so once again thanks so much to the SEC for protecting the Solana investors anyway Max Kaiser is uh you know having a little uh you

Know I don’t know what to call it an argument a fight he’s upset because obviously we know Max Kaiser is a Bitcoin maximalist and he’s a lot to say about cardano and now he’s talking about Solana calling it a quote shitcoin and saying that if you’re gambling with

Solana you’re a gambler uh so one person on X said in the short term Solana will get you more Bitcoin what’s important to understand here is that this is really what we’re going to be hearing in the upcoming bull run from a lot of these Traders I’m already seeing the Traders

Back on X back on social media saying oh you know buy this bought bought this and got this trend line got this trend line boom we’re up 1500% it’s like what in 30 seconds listen guys they will never post their their losses they will only post their wins and granted they may have

More wins than losses but remember all of these traders that are winning they’re also Los losing and so if they’re making let’s say you know a th% gains they may be losing 800% gains so they’re really only making 200% gains and dealing with all of the the stress

Of trading the market and all the risk where holding and letting the market do its thing I believe is a better strategy personally but there’s a lot of people who disagree with me and think that trading the market is the route to go I mean there there’s a a you know

Positives and negatives on both sides and maybe you want to hold some cryptos and trade some cryptos but but actively trading on a day-to-day basis this is not how most people make money guys and most people are actually going to lose doing it that way because they they they

You can’t zoom out when you’re trading on an hour by- hour basis or a a minute-by-minute basis which there are a lot of those in the bull market there is no possible way that they can fully understand the macro and when I’m talking about the macro I’m talking

About what this Solana value is going to rotate into when we get a pullback now maybe we won’t get a pullback but likely we will because like I said like markets don’t go straight up so going from $10 to $115 over the course of 6 months that’s

A pretty big move and so we will probably get a little bit of a pullback and those pullbacks are going to keep hearing by the dip by the dip by the dip by the dip but what I’m looking for is where the rotation needs to go so anyway

Back to uh what Max Kaiser said about this tweet he said uh basically they said in the short term Solana will get you more Bitcoin right by by getting into Solana and then tra trading it on the Solana Bitcoin trading pair as Solana’s strength goes higher and Bitcoin strength lowers but

Again this is very very shortterm thinking because Bitcoin will regain some of that dominance and like I said Solana will probably correct so that increase is when is that going to actually happen but anyway Max Kaiser said false you are gambling with a shitcoin Solana and your mindset is that

Of a gambler and by the way if you’re up to this point in the video make sure you guys are subscribed to the channel we upload every single day right here on the cryptoviser podast to make sure you guys are on top of the latest happening

In the financial space and also give the video a free Thumbs Up So Max Kaiser said you’re gambling with a shitcoin Solana and your mindset is that of a gambler and so it’s guaranteed you’ll keep gambling until you lose you don’t know yourself you don’t know how much of

A degenerate you are but you’re about to find out you’ll come back to bitcoin with less money and be paying higher prices hash fact now I don’t completely disagree with what Max is saying here again I don’t I’m not speaking to any IND individual uh user on X or any

Individual Trader I’m just saying in generally speaking a lot of these Traders they’re going to keep trading the same coins and in my view this is uh this is a losing strategy and we’re going to talk about cardano in just a little bit we’re going to be talking

About ethereum in just a few minutes here but again the idea is to identify okay when the money starts to when people start to take profit which is going to happen right but remember a big part of the reason the price has gone so high here in in Solana so fast I believe

Is because there is a huge cohort of bag holders that are still in the red okay look at the last major Peak was at about $143 that was in basically end of March in 2022 that was effectively when the market was rotating you could see that

Was the last gasp of air uh after the major drop from November of 2021 up until you know February or March of 2022 you know we had the major drop a little bit of a gas for air and then another major drop and so we’re still basically

Under where I believe a lot of the bag holders are so this is why we’re not yet seeing a lot of selling but the selling will come and so when the selling comes where is the money going to flow what is currently in my view undervalued and what is going to gain

Some of that valuation well if we understand Solana is a major competitor to ethereum and really was supposed to be you know a resolution or a solution for some of the ethereum issues like Layer Two and scaling situations well then I would imagine that some of that

Value is going to move into ethereum especially if there’s not that much price movement and you can see here the 7-Day charts Solana is up 61% ethereum is basically flat uh up less than 5% if we look at polygon the layer two which I believe is going to follow the the price

Movements of ethereum it’s basically the same thing it’s up 4% on the last 30 uh sorry seven days um I think they have other price yeah so the price change in 30 days you could well we’ll do year-to-date change polygon is up 12% year-to date Solana is

Up 1,000% year-to date and ethereum is up 91% year-to date so you can see there’s a huge disconnect Solana is up 10 times more or more than 10 times more basically 12 times more than ethereum is up and so I think that there’s going to be a

Correction here and this could push some of the money some of that value some of that worth into other assets like ethereum and polygon and this is why I have entered a position into ethereum and so I have basically not held ethereum or cardano since the beginning

Of 2022 when the bull the bull market was rotating into a bare market and it sold off a lot of my uh my crypto but I have re-entered ethereum for many different reasons earlier in the week I uh posted a video explaining why Peter brand went basically short on ethereum

He opened short positions on ethereum based on this chart where it looked like ethereum was hitting the upper uh upper lend of upper whoa upper line of this uh I would guess this is I think ascending wedge or ascending triangle anyway uh he since changed his opinion on ethereum he

Said strong opinions that are weakly held when circumstances change he says my opinions change Peter bran said my recent appraisal of ethereum called for an immediate price collapse has not happened and therefore he said that he withdrew his bearish Outlook based on the chart structure so effectively you

Know Peter brand is doing exactly what I just talked about right changing your investment strategy or thesis based on the movement in the markets you can enter a position and be wrong about that position there’s nothing wrong with that what’s wrong is when you know that you’re wrong in that position but you

Keep holding because you’re just hoping and praying that the position is going to change and then you’ll be right it’s a very terrible way to invest right when you realize that either the asset that you own is no longer of value or it’s overvalued time to make a decision and

If you don’t hold an asset that you think is now undervalued and it’s time to open a position as well and this is why I have opened a position into ethereum not just because Peter Brandt is removing his bearish Outlook but also because of the Solana trend of this 10x

And this value is not just going to disappear and it’s not just going to hold this is not how the markets operate especially in crypto especially in these early stages of the market rotation to a bull market we are going to see all this whole top 10 reshuffle and

When the top 10 reshuffles it’s going to then reshuffle again and then it’s going to reshuffle again and then it’s going to reshuffle again and we have to identify which assets we think they’re going to be reshuffled back into the top 10 because then we can rotate from

Solana if we’re holding Solana into maybe ethereum maybe polygon maybe Avalanche maybe arbitrum uh but for me I I’ve opened a position in ethereum and polygon and uh closed some of my other positions that I had in my portfolio because I believe this rotation is imminent I believe this is going to

Happen now I could be wrong this is a risky play but again I believe now that because we’re in the early early stages of this bull market of this Bitcoin having cycle the earlier you are in the bull run the easier it is to take risks because you know that eventually the

Market’s going to go back up but you have to you have to play that very cautiously because like I always say you don’t know when we’re going to hit the top of the market until afterwards same way that we just identify that Solana bottom was $8 and I missed that right

Maybe I I probably wouldn’t have invested in it anyway at the time uh but utilizing Solana as this key point to understand what what what is going to happen in the market next I think is key for us as investers and not only is Peter Brandt withdrawing his ethereum uh

Bearishness call but also Ral pal is also continuing to talk about ethereum he said for all the ethereum Bears in February of 2021 Bitcoin first hit $444,000 where it is today and ethereum was at $1,400 now ethereum is at $1250 n months later ethereum was up

245 Bitcoin was up 45% now keep in mind Ral pal is talking about 2021 which was effectively the the top of the market year the second year in the bull run and so it was at the end of the bull run we’re now at the beginning of the bull

Run and so he believes that ethereum is going to outperform bitcoin and this going to be a key macro trend of 2024 now I don’t know whether it is or isn’t but I do think that ethereum is undervalued and so does Arthur Hayes Arthur Hayes posted this at the end of

December I have a confession to make he said I received a message from the Lord he said dump that Sam coin POS which is Solana and profess your love to vitalic so he said so he dumped Solana and bought eth and his prediction is ethereum $5,000 which would effectively

Be a doubling of where we are right now and put us basically right back where we were towards the top of the market and like I say guys I don’t know that we’re going to reach new alltime record highs before the having but maybe we will it

It doesn’t really matter and the other thing to keep in mind is that we have the Denon upgrade coming for the test Nets in January and February for ethereum this is going to be very bullish but again this is a trade okay and you can see that the the major

Traders are already rotating they’ve been rotated and don’t get caught up in all of the hype about Solana because if you’re buying Solana now you’re probably buying into selling and that’s going to be a downward slope and so Ralph pal said only in our weird and wonderful

Crypto corner of the world can ethereum do 100% and everyone is utterly miserable because Solana went up 1,000 % got to love this asset class unlike any other in 10 years time we will look back and yearn for these early days enjoy it and he’s basically alluding to the fact

That as time goes on right the volatility and the price movements higher are going to diminish right we may still have 100x um sorry uh 100% gains in the crypto markets But as time goes on the increase percentages decrease right because you have more volume you have more people in the

Market you have more people betting against the market market so that kind of uh stabilizes the prices over the course of time and so yes I have entered a polygon and ethereum position I do think that these are going to be good holds and uh you know make your own

Decisions because by the time you’re watching this video I may have already sold these assets right because I believe in you know constantly rotating based on where the market goes but I believe Solana dropping will increase other assets and I’m putting my money on ethereum and polygon could be right

Could be wrong who knows we’ll see let me know what you guys guys think about that next up Paulie the founder of the pond ZX cryptocurrency rhon X cardano is a scam Charles hoskinson is a scammer now th this is uh I don’t know bull market stuff because during the bar

Market nobody was really paying attention to cardano or Charles except the cardano community but now that we’re back in the bull market and everybody has to talk right now here’s the deal I’m I’m critical about cardano and some of the technology and some of the the roadmap directions that cardano

Takes but I don’t believe that cardano is just an outright scam I I think we’ve covered this extensively before um you know I there’s a lot of things about cardano that are not great right and there’s a lot of things that are about cardano that are great but I don’t think

That it’s a scam there are real developers there are real users there are real investors there are real people who love the ecosystem the project cardano cardano Foundation IM mergo Charles kinson I mean there’s a guy who has a a hotel that is basically cardano themed and inspired by cardano um you know

There’s a lot of different people around the world that cardano means something to them and I don’t think that we could take that away and say that those people are just you know oblivious to this large scam that they’re a part of right this is the same thing that people say

About hex does it like do these have some kind of components that could be like scammy of course but every ecosystem does I mean Bitcoin uh core developers are basically saying that Bitcoin ordinals are scammy and spammy for the network but the people who are developing that technology and using

That technology and training that technology they think that that’s completely irrelevant and Bs well there was a lot of back and forth on X about this uh post but one user said my mind is blown can you explain more I’ve been a fan of cardano since it launched well uh Paulie the

Founder of pond X then responded to that tweet stating anyone with the nerve to write something like this and not be joking is one a sociopath a con artist knowingly lying using Bud words to seduce you or unable to build and that’s everything I can tell you about Charles

Hoskinson simply from reading his pinned tweet and he uh posted a screenshot of the pin tweet from Charles that says cardano is an open platform that seeks to provide e iic identity to the billions who lack it by providing decentralized applications to manage identity value and governance and that

Was posted August 2 of 2020 and so Paulie is basically saying that by Charles writing that he’s either a sociopath a con artist knowingly lying using Bud words to seduce you are unable to build I mean uh he’s basically this is the same thing when people come into my

Comments and say cryptoviser you’re wrong you need to do more research I’m like what am I wrong about and what do I need to do more research about cardano I’m like okay what specifically right what specifically are you saying that I need to do more research on right uh and

That I’m wrong about about cardono right they they can’t do it now this is basically the same thing just saying Charles is posting this and pinning it and saying that he’s lying or a con artist or using buzzwords um yes I get that but at the same time cardano does

Have an open platform for the most part cardano is attempting to provide economic identity to billions who lack it right they’re in Ethiopia on a test program for educational records which manages identity value and governance for their educational system and obviously this is just a pilot program

But that pilot program is part of a a wider entry into blockchain digital identity which we see kind of being tested around the world in many different areas and so I don’t understand granted Charles has used using a lot of buzzwords here but what he’s saying does it has Merit and it has

Actual technology deployment behind what he’s saying he’s not just saying it and again I don’t agree with everything Charles says I don’t agree with everything that cardano does or uh or or or like their pathway but I’m telling you guys in my view like this this is

Just one of those I don’t know bull market nonsense now Charles responded to that post now Charles responded with this by quote tweeting the uh the post that we just went through and uh with a gif and it says yeah well you know that’s just like your opinion man anyway uh I don’t

Know who this this guy actually is um Pond I mean he’s talking about basically like alluding to the fact that cardano is a shitcoin and that you know Charles is trying to pull the wool over everyone’s eyes and scam them but meanwhile uh he’s in you know the pond

Coin I’m pretty sure this is it actually no that was not it this is the pond coin it’s pndc and it’s worth this much so uh yeah meme coin of the mem coins the market cap is $29 million and you compare that to cardano which is uh

Effectively I think 13 billion when I’m recording this video let’s pull up the price chart and see him by the way while it’s coming up don’t forget to give the video an absolutely free thumbs up I upload every single day of the year to bring you the latest happening in the

Financial world so hit that subscribe button turn on notifications and give the video a free thumbs up yeah masari’s new uh page is very difficult to navigate because it doesn’t H actually I think it does have the uh I think it does have the market cap it’s just over

Further yeah right here so cardano’s market cap is 21 billion doar right this Pond coin is $29 million so basically 10x from there will be $28 9 million 10x from there would be 2.8 million and then 10x from there would be 28 million so basically Pon uh cardano is 10,000 times

Larger 100 no a thousand times larger I don’t know let’s just do the math on this uh 29 million and if we times that by 1,000 yeah 29 billion so yeah cardano is basically 1,000 times larger than Pond coin and he’s saying pond coin is I

Mean cardano is a scam and Charles is a scammer I mean you can’t you can’t make the stuff up but anyway uh cardano is providing real world value to people around the world at the end of the day is it the best crypto in the world no do

I hold cardano at this current moment no but I don’t think that it’s a scam and I don’t think that Charles is a scammer there could be scammy things in the cardano ecosystem but that doesn’t mean cardano is a scam just like ethereum having Bridges hacked doesn’t mean

Ethereum is getting hacked it’s the same type of concept and so as we’re entering this next cycle this is what you have to pay attention to you have to have a strategy as you go in otherwise all of these influencers the max Kaisers of the world the paules of the world the Solana

Maxi of the world they’re going to make you like think now is the time to invest in Solana after we’ve already basically you know 10x in the last 30 days and this is I mean in my view it’s definitely not the right time it’s the right time to look where the rotations

Are going go maybe some of the rotation is going to go into cardano as well maybe Avalanche polka dot Etc there are a lot of coins that I believe the price is being suppressed one is of those is Litecoin the other one is definitely polygon polygon at 87 cents and it’s

Been basically flat year-to date is completely absolutely insane uh internet computers still while we’ve had great gains over the last few weeks internet computer is still I believe highly highly suppressed Stellar lumens another big one the price is barely moved years effectively uh and there is real you know uh there’s real quality

Projects that have that are deployed and being used on Stellar so some of this this is going to change and it’s going to change very rapidly so this is not the time in my view to be like getting nervous and rotating your poorly performing positions into Solana really

What you have to look for is which of those projects that are not performing are going to per perform and the ones that are not performing that you don’t think are going to perform maybe rotate those into the ones that you do think are going to perform but again those are

Decisions you have to make in your own portfolio based on your own strategy and uh another interesting thing is you guys know about true flation they’re now working with coinbase’s base blockchain now true inflation tries to provide a real economic indicator of what the inflation rate is because we get the

Government data on where the inflation rate is but anybody who goes to the grocery store pays for a home or goes you know for uh you know car insurance or home insurance knows that inflation is much higher than they’re saying 3% year-over-year and so true flation inflation rate aggregated is the average

American purchasing power has been eroded by 22% since 2020 that’s a big number that means if you had a $100 you now have uh basically 7 less than $775 doar of purchasing power left and so if you’re not in an asset that is increasing uh to offset

That rate of your purchasing power being eroded clearly you’re making less so somebody who’s making $100,000 now and they were making $100,000 in 2019 they’re effectively making the same amount in dollars but they’re losing when it comes to what they can actually purchase with that let’s look at the US just the

Inflation rate this is the year on year change and this is updated daily the government is reporting a 3.1% and true inflation is showing a 2.58% so it’s actually true inflation’s actual true number is lower than what the government is telling us so uh and they they go

They show you the full breakdown of how they come up with these numbers so you can go to trl.org coinbase’s new video uh advertisements it’s all about changing the future of Finance you know building a new Financial system and to be part of that new Financial system you you

Actually have to participate right so that could mean just holding uh crypto as a store of value it could mean holding and transacting in stable coins but if you guys want to be part of this transition right and and benefit from it Now’s the Time to get involved right

Because there’s a lot of people who are not and the more people that get involved the lower the interest rates become the more lending and borrowing that you see so those rates come down so the further we go less profitable this whole industry is going to be this goes

With any industry right uh but this is the new world of finance and I think that this upcoming year is going to be a very fun and exciting Year let me know what you guys think about ethereum polygon Solana cardano Pond and the overall markets I’ll see you guys

Tomorrow make sure you guys are subscribed to the channel give the video a thumbs up check out my other over 3,000 videos that I have dating back to 2018 bringing you the latest happening every single day right here on the cryptoviser podcast invest responsibly do your own research and crypto on