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Ethereum Rallies BEYOND Expectations (DON'T SKIP This Cryptocurrency Update) - YouTube
Channel: BitBoy Crypto
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after what felt like an eternity of fud
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coming from all directions
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the crypto news cycle appears to have
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turned a corner and the markets
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are responding bitcoin has reclaimed
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several support levels
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and ethereum is doing the same i'm not
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saying we're out of the woods
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just yet but the negative sentiment
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seems to be falling behind
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just like the atlanta falcons
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[Music]
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today we'll be looking at giving you the
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lowdown on all the stories affecting
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ethereum
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as well as some of the most exciting
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developments coming on the blockchain
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let's get it
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welcome to bitboy crypto home of the bit
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squad the largest and greatest crypto
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community in all the interwebs
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my name is ben every day on this channel
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i show you how to make money in crypto
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if you like money
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and crypto then make sure hit that
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subscribe button and smash the like
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in this video i'm covering the latest on
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what's happening with
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ethereum the last few days saw markets
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rally in anticipation of the
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long-awaited
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b-word conference virtual summit between
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three of the most influential people
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in business today hand to the king jack
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dorsey
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kathy wood as well as crypto's very own
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court jester
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the muskrat the discussion was mostly
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about bitcoin but in a surprise move
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elon also revealed that he's a fan of
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devi and personally holds some aetherium
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as well as a stack of doge probably
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worth billions of dollars
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didn't hear it from me the news sent
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crypto twitter into a minor frenzy
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with its value climbing around 11 in
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only a few hours now don't get me wrong
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i was as happy as anybody to see some
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big green candles but as much as i wish
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crypto would truly decouple from elon's
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influence
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there's no denying that he still holds
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significant sway in the space
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and that likely will continue for many
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years to come
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speaking of twitter there may just be a
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new kid on the block
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with divi project ave gearing up to
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launch an ethereum-based alternative to
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the social media giants later this year
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while this wouldn't be the first attempt
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to build a meaningful decentralized
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rival to challenge twitter's monopoly
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ave is a serious player in the device
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space with over 11 billion dollars total
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value locked
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tom this recording personally i love ave
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and i have plenty of it in my portfolio
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this comes in the wake of jack dorsey's
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plans to create a new division
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in his payment company square intending
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to bring device services to bitcoin
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wow in response ave founder stanley
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kulichov
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tweeted that ave should build twitter on
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ethereum and it seems that's exactly
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what they
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intend to do citing concerns over
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censorship
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and a monetary structure that benefits
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shareholders over users
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will it work well those that have tried
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so far have failed pretty dismally
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justin's on is it possible for a
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decentralized ethereum based twitter
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alternative to succeed
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well you could do a lot worse than
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having avi at the helm
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smart money interest in ethereum also
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continues
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reports hit the headlines this week jp
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morgan is now allowing
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all its wealth clients exposure to
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crypto assets
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what noble leaders jp morgan clients can
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now invest in a series of five trusts
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which includes the grayscale ethereum
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trust
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and the ethereum classic trust ask
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yourself if jamie dimon still has no
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interest in crypto
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then why is he allowing his clients to
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get exposure to it go figure
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also in the headlines was the rothschild
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investment corporation
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with data from the sec showing they
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added to their investment
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in the grace kill ethereum trust
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bringing their
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treasure chests to almost 280 thousand
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each
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i'm no ross child but i do want 280 000
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likes on this video
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so don't forget to hit that button and
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smash the subscribe button it really
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helps us out
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keeps you in the loop on the latest in
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crypto
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meanwhile at the legion of doom i mean
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goldman sachs
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a report has come out indicating that
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over half of the family offices
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associated with the firm
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are already investing or interested in
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investing in crypto assets
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unsurprisingly the reason behind this
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level of interest
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was a growing concern about higher
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inflation prolonged low rates
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and other macroeconomic developments
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this comes only a few weeks after a
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goldman sachs memo suggested
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they believed ethereum could overtake
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bitcoin as the dominant store of digital
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value
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it seems jp morgan is on the same page
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on this one
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with some analysts at the investment
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bank predicting staking rewards to hit
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40 billion dollars by 2025
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it's nice having others support my
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predictions even if they are wall street
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scumbags
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look i've said it here before but if
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you're new here listen up
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goldman sachs and jp morgan are the same
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institutions that have been spreading
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fud
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in the markets in a bid to drive prices
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down what's important
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is that we ignore what they say pay
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extremely close attention to what they
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do
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while always remembering they call it
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smart money for a reason
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and just look data from glass node shows
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how sharply the interest of eath held on
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exchanges has dropped in recent weeks
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that's crazy low and it's just
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accumulation across the board
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from both institutions and retail alike
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someone who's never doubted crypto in
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ethereum's use case
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is real vision ceo and former goldman
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sachs hotshot
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raul powell in a recent interview on the
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defiance
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raul would double down on his belief
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that ethereum was the number one crypto
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asset
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he put simply if you could only own one
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asset over the next 12 months
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what would it be it would be ethereum
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because it's the least risky with the
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highest rewards
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raul also expects a big pump coming soon
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signing ethereum 2.0 transition to proof
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of stake as well as the eip1559 upgrade
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scheduled for august 4th
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and it seems he's put his money where
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his mouth is
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revealing that 55 of his portfolio is in
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eth
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only 25 in bitcoin and the remaining 20
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percent
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is a range of other alts a well-known
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advocate of metcalfe's law and the
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network effect
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he recently tweeted this interesting
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graph showing how much more growth
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ethereum has experienced since 2018
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than any other network out there as far
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as he's concerned though
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this is just the beginning in a recent
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interview on the defiance podcast
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raul goes all in on what he believes to
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be the next big thing coming to ethereum
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bigger than dvi and nfts combined social
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tokens
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that means tokens for brands influencers
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sport teams you name it
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uses disney as an example a global brand
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with a legion of fans as big as 3
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billion
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i think 3 billion might be a stretch but
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hey either way it's a huge number
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but what if there was a disney token
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something that worked within the disney
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ecosystem
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not only allowing token holders to spend
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it benefiting from exclusive deals
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discounts and access
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but also sharing in the economic
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prosperity of that community
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according to raoul powell this would
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represent a whole new value system
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culture is something you can invest in
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where consumers become aligned with
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their favorite brands or influencers
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in a totally unique way last but not
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least
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the rumors of nft's deaths are turning
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out to be a bunch of bunk
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one particularly vocal proponent is
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entrepreneur gary vaynerchuk
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who couldn't be more bullish comparing
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the nft space of the early days of
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internet and social media
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hopefully picked up some space jam nfts
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last week which played a major part of
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the marketing strategy
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to go with the film's release these
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non-fungible tokens also served as a
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vehicle to launch nifties
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a new nft marketplace with backers
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including our old shark tank bro
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mark cuban and thinking about it space
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jam is the perfect movie to champion the
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use of nfts
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the story of a man who goes down the
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rabbit hole
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only to find himself transported to a
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new shiny digital world
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full of weird characters and high stakes
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plays sounds like many of our journeys
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into crypto so a big money player is
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super bullish on ethereum and the
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network effect
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proving just how versatile the network
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is it's hard to believe it will continue
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to stand in bitcoin shadow
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much longer if you've been following
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this channel you'll know
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we've been calling for what's dubbed the
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flipping
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for a long time and i maintain
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it is inevitable if not this year the
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next
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why well sometimes it's all too easy to
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focus on our portfolios and forget
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what we're actually investing in
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ethereum isn't just a number on a chart
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it's a technology that has the power to
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change the world
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in ways we can't even imagine yet with a
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use case that extends into almost
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every aspect of modern life oh and it's
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also going to become
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ultrasound money to boot so go
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underneath
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and as always be blessed good boy out
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[Music]
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you
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