Hello everybody. Welcome back. Welcome back to the channel. Welcome back to your daily crypto news break. Is everybody ready for some wild and wacky news? I don't know. It just the the news always ends up getting a little bit crazy just about every single day. So, I don't really know what to say anymore. Hope everybody's doing great. Hope you're all doing well. Uh, hope you're all remembering to invest and to save and to make a brighter future for yourself cuz no one else is going to do it. You have to do it for yourself. Uh, don't forget to follow me on social media. There are links in the description below the video. Uh, yeah. So, I mean, it's not like we really lost any optimistic time frame. It's kind of been a long flowing river in our direction of great, good, awesome, mega cool cryptocurrency news. Companies are not letting up. I really don't understand. And I mean, no, I I get how someone could be temporarily at the moment pessimistic on crypto prices or the market or where things could go. Uh, I find it very weird that people aren't by default long-term investors. That there's just no thing in people's minds that you could read and hear and see and go over and be informed of all this news every single day and there's nothing in your mind that clicks. Like I was watching something on online obviously and someone was talking about uh the housing market for those of you who haven't seen housing markets around the world right now are like extremely lull or people are putting stuff onto uh different markets and they're just not selling, you know, the whole shebang. And they were like, "Is this the end of the housing market for good? Like will the housing prices ever recover? " And I was like, you think housing prices are never going to recover? You think that they're just not going to 3x in the next decade or two from here? It this is I I don't know if it was simply for whatever they were trying to do or information give, but it's similar to crypto. It's similar to stocks. It's similar to valuations for companies. There's this really weird if prices aren't in the green always. People just run and they hide and they go, I can't I don't want to be near it. so and so. And then when the market's doing well, like, dude, you you missed two years of of just sitting there scared, sitting on your hands because you didn't want whatever the case might actually be. So, like I said, even in crypto, we get really good news all the time. Like, the developments keep on coming. The companies all haven't shied away. They like we're not getting news like, well, one Bitcoin got transferred today. That was it. No money moved through the chain. No, it's still trillions of dollars every single month. These coins are being accumulated very fast. We had news was it a day or two ago about Micro Strategy. Uh last week they accumulated 1. 1 billion and then they did another 800 million and now they're trying to do a more like prolonged sustainable thing where they're going to be the numbers were like 200 to 300 million on an interval basis of and I'm like you hear that all these companies are accumulating and that banks are getting into it and corporate and like I don't whatever but like I said before not everybody's going to make it. I said that to uh to a cousin one time years ago and she was very offended. She I can't believe you said that. And I was like look around us like everyone we know is broke. These people don't want to make it. They like they want to say that they want to do stuff. Like people always I want to make money. I want to go out and hustle. No you don't. You don't want to do anything. You want to stay exactly where you are. You have no idea of like what it takes to actually make money. And if someone sets it before you and lets you know exactly what you have to do to become a millionaire. I'm not even talking about billionaire status. 99% of people run away. And then and then the people who ran away 10 years later they get jealous because you have the money and it's like no I like I put in the work. I stayed in the market. I paid attention. You you didn't hear that the that these seven governments were getting into Bitcoin. You didn't hear about all these banks and these companies who were making ETFs. you didn't hear about the states who were buying up Bitcoin. Like, what
Segment 2 (05:00 - 10:00)
do you want? Like, it's not to be like angry or whatever, but I I'm so exhausted with people. I have so many friends, well, not a lot of friends, whatever, who were in the market or who were in other kinds of markets. I like persuaded them years ago. I was like, just put like a hundred bucks into this market. Just do that. Prices go down. And I I'm chatting with them like, hey, what's up? What's going on? Yeah. Remember that thing a couple years ago? Yeah. I sold everything. And I'm like, what? Like, you sold when the market's down? Yeah, it was too stressful. I was checking prices every day. I was like, "Dude, you had like 3,000 in the market. Not that 3,000 isn't a huge amount, but like you're acting like you have 1. 7 million and you needed to go like buy baby formula or like you just in the grand scheme of things that 3,000 is supposed to sit inside the market to grow so that you have money to retire with or that like to. " So in the news today, of course, the cryptocurrency market and space continues to expand in all directions as companies basically know what's up. Morgan Stanley has announced that they're intending to use the ticker symbol MSBT for their anticipated spot Bitcoin Exchange Traded Fund. According to details shared in an updated filing with the United States Securities and Exchange Commission, yeah, the last three months, I think seven other companies, Morgan Stanley's huge. Morgan Stanley's monstrously gargantuan as a company uh who have announced that they're all planning on launching Bitcoin ETFs usually spot so that they will be buying it themselves. We also had a couple I think one or two for Ethereum as well but Bitcoin's Bitcoin so Bitcoin is Bitcoin. Yeah. So we already have situations where Micro Strategy is accumulating 7x the amount of Bitcoin mined per day. Black Rockck last we heard was doing 78x as well. Then you have Fidelity, then you have Grayscale, Morgan Stanley, you have uh PayPal, you have Tether, you have Coinbase, you have the Winklevoss twins. Like everyone's buying gargantuan amounts of Bitcoin. But, you know, let's be negative. Let's all be really sad and scared when the market falls down by 3% because, you know, we can't handle money. Heaven forbid should we should we stay inside of a market and actually, you know, okay, the newly disclosed information also sheds light on the technical structure of the fund underlying Wall Street sustained interest in the crypto space. This move signals that traditional financial giants continue seeking a foothold in digital assets market. They've been telling us this for years. These companies have literally told us to our face, we are going to buy as much Bitcoin and crypto as we possibly can. And they haven't lied. These people are doing this every single time. And then it talks about when Morgan Stanley was founded. Fantastic. The bank's push for a spot Bitcoin ETF demonstrates the ongoing trend among Wall Street institutions to bring crypto assets to a wider investing audience. It says since the start of 2024, active spot Bitcoin ETFs have collectively attracted over 56 billion US in investment capital. This impressive volume points to both institutions and individual investors expressing strong demand for indirect crypto exposure. The impact of new offerings on this upward trend remains a closely watched development. I'm sure it is especially with every single institution getting into it. I wonder what it is. I truly wonder because and I say this from we all live very different lives. Obviously, we have very different perspectives on what life is, what it means to make money, enjoy things. I don't know what it is. I have this thing where like my mind only focuses on the future. It's not so much like an anxiety thing, but more every time I invest, every time I put money into something, I like think of what it's going to be in the future, and this propels me forward with my investment. So, so many people don't have anything like that. I'm not even talking about investing. I mean just like from the standpoint of like I'm going to get older. I don't want to work in a McDonald's when I'm 91 years old with robots. Like I don't want to be the person like cleaning the windows and my back hurts. Like it just it's all these things like so many people don't think like I would love to retire in five years. I would you know in 10 years I you know I want to be on a beach somewhere. have my own business and all these
Segment 3 (10:00 - 15:00)
other it's just like it's only now this is what I was talking about it's the same exact people who always like brag they're hustling they're doing this we're going to make it we're going to so and so it like you you check your weather app and it says sunny all day you go outside you feel one raindrop and then you stay inside for the whole week like what are people doing anyway so Morgan Stanley's getting into Bitcoin Uh this is unsurprising. Every major institution is it even says it in the article like these people aren't stopping. Like it's not an ongoing trend. It's like they are hungry for as much Bitcoin as they can possibly have. And as retail investors have left the market and they they've given up. Uh they're going to own all their coins. So cool. That's the Morgan Stanley news. Surprise, surprise. And yeah, let's move on. Also in news, I won't even classify this as uh popular or insane, whatever. Uh Ethereum has some a light small identity crisis going on. Ethereum used to and I assume the the answer is money. years ago, Ethereum or the groups behind Ethereum would say, "We have an update coming. " And the update would take two to three years for us to actually get it. And that was kind of the that was their there were their mantra. We're working on it. We're going to have it. It arrives. It's not what anyone wanted or expected. It's like slightly better than what we had before. Bob's your uncle. Now, Ethereum and developers seem to be announcing almost every 4 days that they're trying to get something done. And what once again, backtracking, the answer is money. There's and I can only imagine that the people from the Ethereum Foundation or who are talking to Vitalic, you know, they know something we don't. That there's a whole bunch of stuff going on and a lot of money that's meant to be entering the market. We've heard countless times, Ethereum's going to have all this money flowing into its space. It's going to have a multi-t trillion dollar market cap. We're going to get to an $8,000 Ether, a $22,000 Ether, and then the illustrious in three to four years, a $100,000 Ether. So, in between all of that, you got to upgrade the system. The the upgrades that we've had before have been good. They work wonderful. Awesome. I love it. Uh but also like we still don't have a 100,000 transactions per second. million transactions per second or like we're missing a lot of the components. So over the last six months we've had a bit of a doozy from the Ethereum Foundation and also from Vitalic uh basically announcing every 4 days that there's another new up mega awesome grade happening to the system. And at this point, I think we have like 27 of them. Will any of them actually happen? I don't know. But investors are quite excited. The Ethereum Foundation has announced it is targeting faster transactions, smarter wallets, better crosschain interoperability, and quantum resistant security as its protocol priorities in 2026. There's a huge amount of fear around quantum computing. There were multiple news stories a week ago. if not 10 days ago surrounding Bitcoin. Someone from some foundation came forward and said, "We're working on Bitcoin quantum readiness. The CEO of Coinbase, Brian Armstrong, held a press conference and was like, "We are giving funding to another company who was working on making Bitcoin quantum ready. " The original fear was by the year 2035, I don't know, that Bitcoin that quantum computers would be strong enough to be able to dismantle the security systems of blockchains. Apparently, we must be a lot closer because this is all that everyone's constantly talking about. And then once again, faster transactions. If Ethereum is supposed to be the one of the main chains where all these banks are going to be launching their central bank digital currencies and stable coins, I mean, you you can't just have like a 100 transactions per second. You literally have to be able to have at least 20 30,000 transactions per second. There is a dilemma in all of this for
Segment 4 (15:00 - 20:00)
those of you wondering why. In order to maintain a certain amount of decentralization, the speed of the network kind of has to take a hit. So you can make it less decentralized and make it a lot quicker, but the point is to always have decentralization kind of reign. But when you do that, then you take a hit in the amount of transactions per second, especially if you want network security. If network security comes in, you can make the network security fall dramatically and you can have a million transactions per second. you can have like people spamming the network and then so it's the actual trifecta that ends up kind of balancing each other out and this is why Ethereum has made such a large push to have so many other uh chain layers. The Ethereum Foundation wrote on Twitter protocol priority update for 2026. And then there's a little beautiful image of a crystal in in this in the ground with an Ethereum send symbol and spaceships flying by. You can't have photos like this when you still don't have a thousand transactions per second. You can't have something futuristic when we're still sitting in in 2013. The Ethereum Foundation said it will also focus on improving user experience in 2026 with an emphasis on I don't know if you know that joke. Uh an emphasis on enhancing sometimes I I I say words in like a joking manner and then I get comments being like this guy doesn't know how to say emphasis. There's an old movie from years ago Austin Powers where he makes a joke. He says, "You put the empasis on the wrong syllable. " I know only some of you will get that joke, the emphasis on the wrong syllable, so you mispronounce it. But the moment I said empasis, I was like, "No, no, no. Someone's going to give me a comment and be like, "This guy's an idiot. " And it's like, it's just a joke. You got to calm it down there. On enhancing smart wallets through native account abstraction and enabling smoother interactions between blockchains via interoperability. Cool. Fantastic. Can't wait for it. There's um really twice a week now some kind of a conversation about how Ethereum is going to be upgraded and I assume once again money. All these banks and institutions, they were like, "Okay, cool. We waited for 12 years. What do what you got? " And they go, "Well, uh we got staking. " Cool. What else you got? Um, so you know how like we had five transactions, now we have a hundred and they're like, "Oh, cool. " Like big money's here now. All these upgrades and updates to the system, they should have happened around 2020. Yeah, cool. That's the Ethereum news. This is all the time. I hope they do it. You know, nine got you got nine months left. Their upgrades used to take three years. So, um, Godspeed to Ye. That's the Ethereum once again talking about getting faster news. Okie dokie. Let's move on. Also in the news, a new legislative proposal in North Carolina aims to allocate a portion of the state's public assets to Bitcoin, signaling a significant shift in long-term financial strategy. Introduced in the Senate State Senate as bill number 327, the plan envisions building a Bitcoin reserve under the management of state authorities as part of the broader move to enhance embrace digital assets. Um, this is I don't think we've heard from North Carolina before. I think there are currently around nine 10 11 states in the last few like two months who've reannounced uh there are new bills there are new proposals there are new things being written uh for that individual state to be able to accumulate uh crypto and I say crypto as a broader meaning of their bills say crypto but there's something inside of the actual wording of the bill that says we can accumulate assets that have a market cap higher than a trillion dollars. And at the moment, it ends up being Bitcoin, but most of the bills say crypto. According to the bill, Bitcoin purchases are to be conducted only via regulated US exchanges with timing determined by prevailing market conditions to optimize largecale acquisitions. The treasuries would also be authorized to assess the feasibility of state-run Bitcoin mining
Segment 5 (20:00 - 25:00)
operations as a means to increase the state's holding. Would that mean that they are able to authorize access? Huh. I guess that means they are able to buy from them. I assume that's not them taking it from the actual people who are mining it. Uh, this one's different. Every other one has not had the word uh state funds inside of it. Every other bill has said something along the lines of uh using Bitcoin that was acquired through other means or any leftover money from like private something that money could be used as the one that says like public assets to buy Bitcoin. That's a very different behemoth that you actually have in the uh in the room there. North Carolina's bold proposal is drawing attention as other US states explore similar avenues. States including Texas, New Hampshire, and Arizona have already passed legislation enabling part of their public funds to be allocated to Bitcoin. This trend reflects a growing appetite for innovation in public finance across state governments. I think they just probably if we know that Bitcoin's finite, these people also know it as well. This isn't like a secret anymore. It has nothing to do with like grow. No, no. Like they they and I dare not even say the word need. If you get wind that Morgan, Stanley, uh Fidelity, etc. are buying up all the crypto. Micro Strategy has 700,000 Bitcoin. It's a race. You need to do as much as you can to accumulate to kind of like be on their level. What if Bitcoin does go to like $17 million a coin in 15 20 years and your state didn't accumulate any. You look crazy. Like everyone else is sitting there with like 4,000 Bitcoin and you're like, "Yeah, we're still waiting. We want the price to go down. " Meanwhile, states such as Maryland, Iowa, Kentucky, Michigan, South Dakota, Illinois, Tennessee, and Missouri are currently considering comparable bills to establish Bitcoin reserves. Other states, including Oklahoma, Utah, and Pennsylvania, are reviewing proposals at the committee stage, while efforts in Wyoming, Montana, and Florida have been paused or rejected. Florida still is the most surprising to me. Florida in 2018 was like the crypto state. So, uh, yeah. So, we got three states there. And then you got 1 2 3 4 5 6 7 8 9 10. Look at me. I can count. 11 12 13. No, 11. Yeah. 11 stops here. These three said no. 11. And then North Carolina makes 12. I'll try and remember that number. We now have 12 states again who are trying to have some kind of crypto bill. These three already have them. I forgot the news that we had recently, but they're basically working on like how to accumulate and I assumption we will get some kind of interesting news when the accumulation actually takes place. Yeah. Very fascinating. Cool. That's the uh the way that things are going. I understand being sad or dreary if prices are down on any given day, but being outwardly pessimistic or negative on the market, especially long-term is very confusing to me, especially with all this news that we've been getting. Uh I think a lot of people, this is how I feel. I think a lot of people are going to be very upset in the future when they realize that they don't have any crypto. That's just uh that's a an expectation. I think that's going to do it for this video everyone. I hope you're all doing well. great. Hope you're all having a great day. When I was reading North Carolina, I was thinking of Myrtle Beach. If you've never been to I think the top of Myrtle Beach is in North Carolina. It's like most of it is in South Carolina. If you've never been to Myrtle Beach, go to Myrtle Beach. I love it. I used to go there all the time as a kid. We used to go every single summer. Not some summers. summer and stay there for like a month, month and a half. I loved it. I have a lot of fond memories of my summers in the south. So yeah. Uh thank you all once again. I don't know memory. again for watching, listening, liking, commenting, and supporting. and I will most certainly be talking to you all soon. See you.