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How to Retire on Cryptocurrency by 2030 or Sooner | How Much Ethereum Do You Need? - YouTube
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all right welcome back everybody to altcoin daily聽
where you subscribe for a video on cryptocurrency聽聽
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every day my name's austin in today's video i want聽
to talk about how to retire off of cryptocurrency聽聽
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focusing more on blue chip altcoins that are聽
more longer term huddles now keep in mind nobody聽聽
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can see the future i am not a registered financial聽
advisor these are just my opinions but having said聽聽
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that check the timestamps down below in the video聽
description and let's jump in while we are going聽聽
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to start with bitcoin also talk about binance聽
and chain link any savvy investor whether they're聽聽
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involved in cryptocurrency or not will tell you聽
that the key to building wealth is earning passive聽聽
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interest making money while you sleep and earning聽
interest that compounds off of itself that's聽聽
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the key ethereum and staking it in the eth 2.0聽
contract address is going to be a big part of this聽聽
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and although expected roi is subject to change聽
we can calculate expected return from staking聽聽
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ether in the ethereum 2.0 deposit contract we聽
will get to eth like i said check the timestamps聽聽
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but let's start with a coin that is quickly being聽
added to almost every portfolio bitcoin in this聽聽
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recent salt talk that just premiered three hours聽
ago notable investor kathy wood of arkhanvest聽聽
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shares why bitcoin is her number one long-term聽
huddle and listen to the analogy she makes with聽聽
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the bitcoin protocol comparing it to the internet聽
protocol watch this let me know what you think聽聽
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so bitcoin do you think or what's your sort of聽
vision for bitcoin is it going to become a reserve聽聽
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currency is it scarcity value like real estate um聽
it started the purview of every college student聽聽
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including my own um knew about bitcoin before聽
their parents did so what's your kind of vision聽聽
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going on five years and 10 years for bitcoin as聽
an asset class and a value we don't have to go out聽聽
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five or ten years it's here um and we believe uh聽
we we wrote a white paper in 2016 called bitcoin聽聽
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ringing the bell for a new asset class and so yes聽
we believe it's here we believe that bitcoin is聽聽
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the reserve currency of the crypto asset ecosystem聽
we also believe that uh there will be very few聽聽
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huge winners in the crypto space we think the聽
crypto currencies are going to be the huge winners聽聽
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so this is really flipping the internet on its聽
head in terms of how it evolved and the internet聽聽
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evolved without a payments infrastructure and the聽
reason for that is nobody thought commerce would聽聽
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evolve on it this was for intelligence and聽
academia and consumers in the united states聽聽
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weren't even allowed to use the internet legally聽
until 1991 a telecommunications act um so uh we聽聽
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believe that uh the uh bitcoin is and crypto world聽
the value accrual where we will see most of the聽聽
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value accrue is to the cryptocurrencies themselves聽
this is not what happened in the internet in the聽聽
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internet the protocols so bitcoin's blockchain聽
is one protocol ethereum another the protocols聽聽
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uh basically just became standards right聽
technology standards upon which these very聽聽
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valuable applications were built facebook amazon聽
and so forth the value accrued to the applications聽聽
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this time we think the value will accrue to聽
the protocols themselves and the currencies聽聽
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as measured by their currencies we believe that聽
bitcoin is already the reserve currency of the聽聽
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crypto asset ecosystem uh and and we can see that聽
uh in that many crypto assets most i would say are聽聽
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are priced in terms of bitcoin so that's the unit聽
of account the currencies uh are very important we聽聽
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think there will be maybe four or five that聽
are that are going to accrue the most value聽聽
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okay great perspective give me your thoughts down聽
below in the comment section while there is a time聽聽
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to focus on hot cheap alts for quicker gains聽
when you're thinking about retirement it's all聽聽
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about those longer term huddles and notice that聽
kathy said that she believes bitcoin will make it聽聽
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in the end along with maybe four to five other聽
top protocols and while bitcoin is going after聽聽
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the store value slash money market ethereum聽
is going after a separate market altogether聽聽
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it's aiming to be a global supercomputer聽
disrupt the amazons the amazon web services聽聽
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and with the full implementation of eth 2.0聽
still multiple years away let's calculate聽聽
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how much passive interest you could earn per year聽
based on how much eath you stake now the minimum聽聽
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is 32 eth to stake and to be able to run a聽
full validator we made a video back in 2019聽聽
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when one ethereum equaled just a few hundred聽
dollars back in november third 2019 how much聽聽
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ethereum should you own and we talked about聽
this that 32 ethereum is the key now you can聽聽
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do it with less than 32 ethereum you will be聽
able to add a smaller stake to a staking pool聽聽
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some companies can do it all on your behalf so聽
you won't even have to worry about staying online聽聽
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companies are doing this but also crypto exchanges聽
are doing this as well they all want you to keep聽聽
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your eat on their exchange binance is offering聽
this allowing its users to deposit even the聽聽
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smallest amount of ethereum promising a return of聽
between five to twenty percent per year how obi聽聽
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offering something similar while the minimum聽
for ho obi is 0.1 ethereum it promises a聽聽
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slightly higher return of the binance starting聽
at six percent per year up to 20 percent okay x聽聽
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something similar kraken something similar and聽
even number one united states exchange coinbase聽聽
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offering something similar showing that聽
ethereum blue chip altcoin has major support聽聽
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from juggernauts of the space now how much roi聽
you should expect is still unknown it totally聽聽
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depends on how many people choose to stake let's聽
just say that you do have 30 to ethereum that you聽聽
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did see our video back in 2019 and you load it up聽
just in case assuming that the annual interest on聽聽
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your stake will be around 7.69 which to me seems聽
very reasonable and staking 32 ethereum today聽聽
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in five years that would earn you a total of聽
44 ethereum and in 10 years earn you a total聽聽
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of around 56 ethereum for staking for doing聽
nothing that's pretty cool and you also got聽聽
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to think about how valuable will one ethereum聽
be in 10 years when you have 56 now i will聽聽
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link this calculator down below you could聽
do this all day you can put in different聽聽
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settings for you to get the most accurate results聽
for you staking 100 ethereum would get you 138聽聽
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in five years 176 ethereum in 10 years definitely聽
an easy way to support the network and make some聽聽
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money now i do want to talk about some of the聽
other top blue chip altcoins but first let's talk聽聽
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about the ultimate tax-free retirement vehicle聽
cryptocurrency iras basically if you want to聽聽
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buy sell or trade cryptocurrency tax free i want聽
to take 60 seconds and give you a recommendation聽聽
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i like i trust capital they are a partner of聽
the channel but i also personally use them聽聽
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so you can trade 24 7. there's no hidden fees聽
everything is very transparent and the thing i聽聽
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like is they have institutional custody they are聽
insured they are backed so your digital assets are聽聽
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secured i will link my full video breakdown on how聽
to realize gains and trade tax-free linked down聽聽
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below and be sure to use the promo code altcoin in聽
all caps or click the link down below to get your聽聽
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first month free like i said i use them and they聽
just added polka dot as well as chain link with聽聽
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cardano soon to come along with a vast array of聽
the top kryptos check it out link down below okay聽聽
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let's keep moving next blue chip altcoin聽
making news finance and the binance exchange聽聽
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starting today you can trade tesla the聽
stock as a tradable stock token on binance聽聽
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binance announces the official launch of its zero聽
commission tradable stock tokens allowing the聽聽
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users to trade fractional stocks now i don't think聽
it's a coincidence that the weak coinbase stock聽聽
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is going public on nasdaq here in the u.s聽
finance is launching their own tokenized聽聽
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stocks on their exchange users will be able聽
to purchase as little as 100 of a tesla share聽聽
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with the prices settled in binance stablecoin busd聽
this finance product is backed by a depository聽聽
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portfolio of underlying securities managed by an聽
investment firm in germany interesting because聽聽
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finance isn't even headquartered in germany give聽
me your thoughts down below next up big news聽聽
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for altcoin saffron and altcoin chain link聽
saffron integrates chain link to settle and manage聽聽
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tranches and just as a reminder saffron finance聽
is a defy altcoin that actually lets liquidity聽聽
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providers customize how much risk they want to聽
give themselves our web3 app saffron finance is聽聽
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a decentralized application that allows liquidity聽
providers to get various degrees of exposure聽聽
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depending on the risk reward appetite so it's very聽
similar to the compounds to the aves only you can聽聽
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manage your risk reward a little better well聽
they have partnered with chain link to access聽聽
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secure and reliable on-chain reference prices聽
used to settle and manage liquidity for their聽聽
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various tranches on saffron we selected chain聽
link because of its position as a time-tested聽聽
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and battle-hardened oracle solution backed聽
by high quality data and wide market coverage聽聽
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give me your thoughts down below that is聽
the video like always see you tomorrow
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you
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