Bitcoin Market is about to go ABSURD! (10 Altcoins I Like)

Bitcoin Market is about to go ABSURD! (10 Altcoins I Like)

I think it’s important to zoom out whenever you’re talking about crypto we see volatility day-to-day we see it week to week month to month but when you look over the last decade Bitcoin has been the top performing asset against all asset classes Bitcoin is down yes but not out today popping above 6,000 when in doubt zoom out on longer term time frames Bitcoin is going in One Direction up and to the right I’ve said before if bitcoin’s not going to zero it’s going to a million the real question is is it legitimate asset if it’s a legitimate institutional asset everybody is under allocated to it like I’m bullish in 2024 US presidential elections coming up both sides trying to pump the economy as much as they can whether you like this or dislike this whether you think this is a big deal or not this is an example of how election years are different yesterday he did something so great and I don’t know how many people are aware of it but you got this thing with the airline passed that now when an airline for some reason screws you up and doesn’t let you you know whether you can’t make the flight they used to give you a credit but now they are forced to refund you and like I think that’s a huge deal again the point of this is to show you that politicians are on their best behavior during election years there’s a lot of junk fees too we like for example Banks can’t charge a 35 bucks for overdrafts anymore C you3 or 8 I mean whole range of things that matter and crypto is just order of magnitude above where it ever has been in its history with regulations being better than ever with plumbing an infrastructure being better than ever with giants like Black Rock doing things like this with not just Bitcoin but with ethereum and tokenization in general I see value in having an ethereum ETF as I said these are just start stepping stones towards tokenization you want to talk about issues around money laundry and all that this eliminates all corruption by having a I system not to mention the M2 money supply is going up again look at this send it and here we go let’s get into some facts and figures let me update you on everything you need to know going on in crypto smash the like button subscribe to the channel we keep you updated on the crypto markets on a daily basis and like the CFO of coinbase says this volatility is totally normal but don’t lose sight of the forest for the trees it’s also important to note when you look at all past prior bull runs where you see price appreciation over a period of time there’s been intra week intraday int month corrections to the price we’re prepared for the volatility it’s just another day in crypto it doesn’t mean that the long-term doesn’t continue to be as rosy as it was last week so speaking of coinbase q1 numbers are in and they’re bullish and while it is important to note these are lagging indicators they’re really Reflections on what happened last quarter bullish metrics like this are important and kind of reorient everybody looking at these numbers to see that wow there’s a lot of value here so coinbase q1 earnings are in coinbase generated 1.6 billion in Revenue during q1 of 2024 this is compared to 736 million for the same period in 2023 also transaction Revenue across both institutional and consumer clients increased 1 billion q1 was a very strong quarter for coinbase and we saw growth across the board driven by the strong market conditions but we also saw the product Investments that we’ve made over the last two years really pay off so we gain market share across spot and derivatives trading we saw all-time highs on our Prime platform which is our institutional platform we accelerated adoption and scalability of Base our layer 2 blockchain which is designed to bring people on chain and into the next generation of crypto applications and really we just continue to make strides at building a stronger more durable iers ified revenue streams it’s not just coinbase crypto exchanges across the board are seeing amazing numbers binance exchange just hit 190 million users 200 million users are in sight according to Richard Tang the new CEO of binance and of course it’s not just centralized crypto exchanges anymore Unis swap wallets more than doubled over the past year 140% increase from 3 million in May of 2023 to to 7.2 million in May of 2024 the doubling comes as Unis swap surpasses a historic 2 trillion in cumulative trading volume in early April and if we really dive in to some of these q1 metrics particularly versus last cycle we see that retail isn’t even here yet what can we learn from coinbase retail trading volumes over q1 versus prior years well number one we learn that this is going to be an Institutional driven cyle institutions are coming in hot number two most of the money that poured in over the last year were not from new participants they were from people that were already here just sidelined waiting for bullish signs or tourists on Hiatus from last cycle that came back as soon as we broke all-time highs again and number three and just in general the conditions for this cycle totally different from the conditions in 20120 2021 no stimulus checks no retail stuck at home no quarantine the biggest takeaway for me is that retail hasn’t even entered yet compare this data to 2021 and you see that retail isn’t even here yet retail was here in 2021 institutions were here in 2021 and yet still the institutional data is not as high as it was in 2021 we still have much more of this bull market to go your institutional transaction Revenue was up 133% uh quarter over quarter stronger a lot smaller yet stronger than consumer transaction Revenue do you expect that to continue you know we definitely have seen an increase in institutions coming into crypto I think it’s important to remember in the last bull market in 2021 this was just when institutions started to adopt crypto and they’ve continued to be steadily growing their exposure to this asset class over time so over the long run yes I expect to see more institions come into this space But as we look quarter to quarter I think it es and flows and I think we could see different Trends impacting consumers institutions and so we don’t look at just one quarter of impact to say this is a durable Trend but over the last few years we’ve definitely seen increasing institutional adoption and we expect that to increase I like Michael sailor I think Michael sailor is spoton when it comes to bitcoin however Michael sailor just went on record saying that the SEC will classify ethereum as a security and reject spot ethereum ETF in fact mentioning ethereum BNB salana Ripple cardano all by name saying they will be deemed Securities this summer I don’t know do you think Michael sailor has any inside knowledge on these specific altcoins or do you think this is just wishful thinking by him or even just the way that Michael sailor frames the importance of Gary Gensler and the sec’s classification of crypto in general like what do you make of this and when ethereum is not going to be approved sometime this summer it’ll be very clear to to everyone that ethereum is deemed a crypto asset security not a commodity after that you’re going to see that ethereum being be salana Ripple cardano everything down the stack is just a crypto asset security unregistered none of them will ever be wrapped by a spot ETF none of them will be accepted by Wall Street none of them will be accepted by mainstream institutional investors as crypto assets this is the one universal consensus accepted institutional grade crypto asset in the world there won’t be another one I don’t know call me crazy but I’m bullish on altcoins I’m bullish on crypto especially with metrics like this metrics we’re seeing Bas coin bases ethereum L2 processed over two times more transactions than ethereum itself in the last 30 days and it’s not just base as the L2 there are a lot of sustainable l2s meus is self-sustainable by Design metis’s EDF the meus ecosystem Development Fund EDF is a 4.6 million meus fund dedicated to bootstrapping development liquidity activity and adoption in the musas ecosystem so the meus EDF fuels our growth and boosts network activity with rewards more transactions means more revenue for users Builders and meus the network shares go back to the EDF sustaining Perpetual incentive for network activity I’m just trying to show you that cool things are happening in crypto the first LimeWire token burn of their second token burn is completed we successfully kicked off our second burn program today with 46 milon 44 million in USD tokens burned and to me it’s all about Revenue what protocols are generating revenue and bonus points if that revenue is shared to the community the 12th Palm Revenue share distribution has has been sent out in total 700 wallets received Revenue share with the lowest amount being $3 and the highest amount being $2,400 the distribution remained consistent with only a minor increase of receiving wallets compared to the previous distribution the project Palm AI has now distributed approximately $375,000 us so far a testament to the continued success and growth of the project I like karate combat I think they have a great product I love watching the fights I love participating on the app and it’s cool how consistently and constantly and how often they promote their token within the fights a whopping 12.3 million karate tokens placed in up only gaming votes by our token holders this evening Joe Schilling 60% of our token holders think he’s going to get the job done tonight Franklin Templeton just put out a big report on salana salana accelerated adoption I mean you should read through this yourself salana survived the ft TX collapse in late 2022 emerged even stronger in 2023 in the past year salana has seen significant growth demonstrated in an increase in both Total fees and Dex volumes on the network it’s cool that Franklin Templeton is putting this out and polka dot q1 ecosystem growth is in daily active addresses hit an all-time high of half a million 48% up quarter over quarter xcm messages up almost 100% quarter over quarter 300% over the past 6 months and of course Gavin wood the founder just put out a new game plan called Jam join accumulation machine Mina protocol and Celestia partnering for better Tech S network achieving a throughput of 800 plus transactions per second today the blockchain is being used and easily handled by theu blockchain and this comes on the one-year anniversary of the S mainnet you’re here because you excited about s you want to learn about suiu is the universal coordination layer that’s going to power the future look my friends now is the time to be serious about your crypto Journey now is the time 2024 is the year 2025 is the year we are altcoin daily updating you on a daily basis we talk about things the mainstream media will not cover if they do never in any depth like we do 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Crypto is PRIMED for 2nd half of 2024 (10 Altcoins I Like)
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Timestamp:
0:00 – Bitcoin & Crypto is PRIMED for 2nd half of 2024
2:47 – Coinbase Q1 Earnings – What can we learn?
4:01 – Binance & Uniswap
4:40 – Biggest Q1 takeaway
6:45 – Michael Saylor vs altcoins
8:08 – 10 Altcoins I Like in Q2

**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin & Ethereum.

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Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.

Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT, TOMI, SEED, TET, COTI, AIT, Prisma

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