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Easiest Way to Turn 1k into 10k with Cryptocurrency in 2021? | Tyler Winklevoss Explains - YouTube
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one other thing is i think i looked at there's 32聽
companies that have bitcoin on its bal there's聽聽
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uh so there's 40 about 40 50 000 publicly traded聽
companies globally on global exchanges okay 32聽聽
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of them have bitcoin on their balance sheet聽
square microstrategy tesla only 32. do we think聽聽
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that number is going down or going up right what聽
happens when that number's a hunt of uh 500 100聽聽
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000 10 000 what does that do to the price聽
of bitcoin it's it's not even the it's like聽聽
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the second pitch of the first inning you know in聽
terms of when you think of where this thing can go聽聽
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and then when when the companies all have bitcoin聽
on their balance sheet then a central bank's gonna聽聽
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fall because they have gold on their balance聽
sheet right they do that because they know what聽聽
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they're doing by printing money they stack gold聽
they're just going to start stacking bitcoins聽聽
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all right that was of course billionaire investor聽
tech aficionado tyler winklevoss illustrating聽聽
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just how early we are how much potential bitcoin a聽
digital gold has in 2021 and beyond now in today's聽聽
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video i want to go right to the expert's mouth聽
and talk about the easiest way to 10x your money聽聽
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turn 1k into 10k with cryptocurrency i also聽
want to update you on ethereum on decentraland聽聽
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on cardano as well as the latest token being聽
pumped by elon welcome back everybody to聽聽
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altcoin daily where you subscribe for a video on聽
cryptocurrency every day like always let's jump in聽聽
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and let me be very clear that the easiest way to聽
get rich with cryptocurrency is to huddle it's not聽聽
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the fastest it's not the most exciting but it's聽
the easiest and today i want to talk about big聽聽
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picture strategies to help get us there tip number聽
one and this is according to tyler winklevoss聽聽
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is to buy bitcoin today if you can or just聽
sometime in 2021 and hold it's that easy bitcoin聽聽
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has a minimum of another 10x in it over the next聽
five to 10 years according to tyler according to聽聽
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cameron and that's how they've kept such strong聽
conviction to hoddle for years we are early聽聽
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watch this why have you guys held on this entire聽
time there's been volatility all this stuff like聽聽
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what what has kept you guys so convicted since the聽
very early days until today so we still think it's聽聽
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really early um we think uh bitcoin's gold 2.0 it聽
will disrupt gold so its market cap has to be 10聽聽
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trillion or more because that's the market cap of聽
gold so bitcoins hovering around 1 trillion now聽聽
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we still think it's a 10 at least conservatively聽
at 10x from here so even at 35 000 it feels like聽聽
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a really good buying opportunity uh long term聽
because we think at a 10 trillion dollar market聽聽
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cap we think one bitcoin will be worth uh 500 000聽
and we think that could happen inside this decade聽聽
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uh definitely the next five years so we're聽
hobblers at least until 500 dollars and then聽聽
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at that point you won't even have to sell because聽
you can borrow off or whatever right yeah the聽聽
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thesis hasn't really played out yet we're like one聽
twelfth of the way there and when we wrote that uh聽聽
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that thought piece in august bitcoin was at 13聽
000 it hit i think 64. this august this august you聽聽
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know um so this story's really just playing out聽
it's just getting started okay very interesting聽聽
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do you agree do you disagree comment below聽
let me know your thoughts but either way this聽聽
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is precisely why we've only just started seeing聽
institutional adoption for bitcoin and let's take聽聽
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this one step farther bitcoin potentially is more聽
valuable than gold it's more valuable than a 10x聽聽
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and the winklevi will tell you why gold has聽
perceived scarcity people can choose to mine聽聽
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more gold if and when they choose bitcoin has聽
actual mathematical scarcity watch this then let聽聽
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me know what you think you know we we've seen this聽
but yeah like cameron said our gold 2.0 thesis聽聽
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is that it disrupts bitcoin disrupts gold and we聽
think that's the conservative bull case obviously聽聽
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bitcoin's a lot more than gold it's an open聽
source project that continues to evolve and can聽聽
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do so much more it can become the global reserve聽
digital currency of the world of the galaxy like聽聽
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when we get to mars what's the currency going to聽
be on mars it's gonna be dollars no it's gonna be聽聽
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yeah bitcoins right like bitcoin is software gold聽
is hardware you can do so much more with software聽聽
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and iterate at such a faster clip so i think 10聽
trillion is sort of like the conservative bull聽聽
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scenario gold likely contracts over the next 25聽
years you put a probe on a asteroid with trillions聽聽
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of dollars of gold i mean there's so much聽
gold in this universe it's plentiful like sand聽聽
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uh just on this planet it's it's a little bit聽
more more scarce it's scarce not fixed and a lot聽聽
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of people don't understand that bitcoin is the聽
only fixed asset that i know of in the world in聽聽
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the galaxy it's the hardest soundest money we've聽
ever known uh two-thirds of the of the gold supply聽聽
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has been mined since 1950 so as the price for聽
gold goes up people find ways to mine it becomes聽聽
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more profitable no technological breakthrough can聽
change the supply of bitcoin it does not expand聽聽
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with an increase of demand or technology just聽
doesn't happen there's no commodity like that ever聽聽
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okay really really valuable perspective in my聽
opinion give me your thoughts if you agree or聽聽
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disagree down below again point is easiest way聽
to 10x your money invest in bitcoin and huddle聽聽
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having said that there are other ways there are聽
other coins right well bitcoin is going for the聽聽
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use case of digital gold store of value money聽
other coins are going for different use cases聽聽
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and have potential value as well ethereum a coin聽
in which the winklevi had described as digital oil聽聽
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going for the use case of digital supercomputer聽
is beginning to see institutional adoption as well聽聽
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anchorage digital has just rolled out eth-backed聽
loans with america's 10th oldest bank and what's聽聽
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surprising is we're seeing heavy interest from聽
traditional finance the firm rolled out its聽聽
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latest lending product today in partnership with聽
bankprov which was founded back in 1828 known then聽聽
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as the provident bank and this tie-up will allow聽
institutions that custody their eth with anchorage聽聽
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to put those assets to work and historically we聽
would have only seen this with more traditional聽聽
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assets but now they're choosing eth anchorage will聽
continue to hold the eth as collateral while bank聽聽
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prov extends lines of credit denominated in us聽
dollars and backed by ethereum now this structure聽聽
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of lending products isn't new anchorage聽
already offers btc-backed loans in partnership聽聽
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with silvergate digital asset bank but what's聽
interesting is silvergate that's not traditional聽聽
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finance this is a very tech savvy new age digital聽
asset bank they do this with bitcoin currently聽聽
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both anchorage collateralizing and eth opens new聽
doors and the partnership with bank prov targets a聽聽
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different client base in a direct quote silvergate聽
primarily has crypto clients bankprov has a larger聽聽
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set of traditional clients so you can also see聽
this as another step in crypto becoming mainstream聽聽
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what this means to you is this is just another聽
green flag from traditional finance for ethereum聽聽
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as an investment now let me pose this question聽
to you maybe digital gold isn't your thing maybe聽聽
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a global super computer isn't really your thing聽
maybe gaming is your thing well next piece of news聽聽
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major auction house south of bees heavily聽
respected opens a virtual replica of its聽聽
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london gallery in decentraland the virtual聽
gallery is located in decentraland's voltaire聽聽
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arts district and can be found using map聽
coordinates 5283 wow very cool and i suspect聽聽
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they wouldn't be giving decentraland the time聽
of day if they didn't see potential value there聽聽
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sotheby's i hope i've been pronouncing this right聽
sotheby's the 277 year old british auction house聽聽
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announced friday it is claiming its stake in the聽
metaphors with the launch of its very own virtual聽聽
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gallery with the purpose of that virtual gallery聽
being a destination for artists collectors and聽聽
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viewers to engage in a direct quote we see spaces聽
like decentraland as the next frontier for digital聽聽
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art where artists collectors and viewers alike can聽
engage with one another from anywhere in the world聽聽
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and showcase art that is fundamentally scarce聽
and unique i.e nfts but accessible to anyone聽聽
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for viewing okay mana definitely an altcoin to聽
keep on your radar let's keep moving next piece聽聽
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of news for eth competitor slash inner operator聽
cardano cardano ada stake addresses have exceeded聽聽
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a 600 000 milestone i.e more people than ever are聽
choosing to support the network that's according聽聽
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to the data according to the data provided by pull聽
tool which is cardano's data collection tool the聽聽
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total staked value of ada is 42 billion which聽
represents 73 percent of the total 60.2 billion聽聽
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supply and subscribers of this channel we covered聽
a similar story like this a few days ago but聽聽
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what's significant to me here is this increased聽
growing exposure of cardano staking by various聽聽
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platforms marks a turning point for ada for聽
example imining a publicly traded canadian company聽聽
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recently included cardano in its list of supported聽
assets for staking services i-mining aims to聽聽
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introduce cardano to institutional investors聽
very interesting what are your thoughts on this聽聽
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from january 1st to the end of april the number of聽
ada active addresses increased by over 417 percent聽聽
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while the number of transactions on the network聽
increased by 380 percent over that same time聽聽
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period i like it now again some of this data聽
we've mentioned to you before but as different聽聽
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projects different alt coins continue to grow聽
this channel will always keep you informed聽聽
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and next piece of more fun crypto news lower cap聽
altcoin news did elon musk just pump c-rocket and聽聽
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yes that is a name of an altcoin and this is what聽
elon musk just recently tweeted pretty interesting聽聽
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troll but what are the details so did the ceo聽
of tesla and a literal spaceship builder just聽聽
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support a cryptocurrency called c-rocket named聽
so for its mission to send mail e-jack in the聽聽
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same direction as his reusable rockets and the聽
answer is yes it looks like it and from what i聽聽
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can tell this low-cap altcoin is aimed to be a聽
network of adult-themed nfts hence the name and聽聽
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this is not a one-off for elon it's probably a聽
two-off investors think this is the second time聽聽
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that musk has endorsed the project the first they聽
believe was yesterday when musk tweeted canada聽聽
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usa mexico with no additional context people聽
are thinking that's an acronym for the altcoin聽聽
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now you'll have to tell me your take on this聽
i'm choosing to see this as a positive because聽聽
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i think it's now clearer more than ever that we聽
shouldn't take his tweets as gospel he has the聽聽
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biggest troll on twitter but if you're interested聽
in adult themed nfts maybe this altcoin is for聽聽
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you it was actually founded a few months ago by聽
lydia a british tick-tocker and software engineer聽聽
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and lid used to post videos about聽
cryptocurrencies but she fell in聽聽
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far deeper and elected to create her own project聽
based on the binance smart chain adult actresses聽聽
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shelby paris lacey london and lauren phillips are聽
ambassadors of this altcoin wow what a time to be聽聽
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alive i'll keep you updated like always that聽
is the video my name's austin see you tomorrow
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appreciate you
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you
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