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(MARKET) Whatâs the Market saying? (5 mins)
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BTC Price
- Republican house = no tax cut repeals, no increase in capital gains
- = Bullish?
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- Biden presidency = Pro stimulus, pro MMT
- BTC on Ethereum
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BTC futures ATH volume before election (link)
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ETH Price
-
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Prediction Markets (literally âwhat are the market sayingâ)
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- FTX centralized exchange
- PolyMarket
- nTrump and yTrump tokens from Catnip, built with Augur + Balancer
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Uniswap 4B in 1 week (link)
(RELEASES) What got released?
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ETH 2 Deposit Contract announced
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Alpha Leak & Guide (link)
- If 500k ETH gets deposited to the Depositcontract.eth, december 1st or 7 days after threshold is reached, Phase 0 is launched.Â
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- ETH staking is officially here
- FUD? Yes according to Preston and also facts
-
- ETH canât be transferred in phase 0Â
- Anyways, the people that put their ETH on the line in the name of ETH 2.0 are not speculators. Theres no product market fit here.Â
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- Shill Bankless content
- Â
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FTX playing with âBeacon Chain ETHâ as a secondary ETH asset to-be traded on FTX (link)
- Before moving on, worthwhile to let people know about this ETH graphic
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Loopring Smart Contract mobile wallet (link)
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Verizon playing with blockchains for news verification?? (link)
(NEWS) Whatâs in the news?
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Australia CBDC (20-27.html">link)
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- Companies have committed to CBDCs
-
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PayPal Q3 Earnings call indicates that their Crypto products are in high demand (tweet) (transcript)
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- Takeaways from PayPal's Q3 earnings call:
- BTC and CBDCs pretty much of equal importance
- Venmo gets crypto in first half of 2021
- Surprised by the reaction to their announcement
- Wait list was 2-3x larger than expected
- Users check the price a lot after buying crypto (lol)
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PayPal signals interest in enabling more assets, specifically eyeing CBDCs (link)
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Fidelity doubling down HARD on digital assets (link)
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- Hiring a cohort of over 20 developers
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US Gov seizes $1B in BTC (link)
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Huobi under nation state attack (link)
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Fincen proposal to lower Travel rule threshold to $250 (link)
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- Canât send 250 or more internationally without reporting. Big thumbs down.Â
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SBF is among Bidenâs top donators (link)
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- Getting ahead of his illegal actions by donating. We know how this works.Â
(TAKES) Whatâs on your mind?
- (David) Lack of trust in institutions means there's is increasingly becoming room for people to be open to new alternatives
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- 2020 has changed so many paradigms, that adopting things like Bitcoin and Ethereum just donât seem that crazy by comparison any more.Â
- The common phrase that we hear all the time is that âtrust in institutions are at an all time low
- What is Bitcoin, Ethereum, and DeFi other than new alternative institutions in which we can place our trust?
- I don't see how we are gaining trust in institutions back. I donât see us âvotingâ our way into a richer world. I see us adoption new institutions that canât break our trust.Â
- (Ryan)Â
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- Uniswap is doing $4b per week--you can no longer say DeFi/Ethereum is useless
- (Ryan) Take 1: ETH is not priced in
-
(Ryan) Spicy takeÂ
-
- We don't need a Bitcoin v2 because it already exists.Â
- It's called Ethereum.
What are you excited about?
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David: The arrival of Ethereum 2.0 brings so many 2nd, 3rd order consequences
- ETH triple point asset thesis moves closer to the status quo.Â
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- ETH price has an entirely new value proposition
- To this day, we still hear people citing John Pfeffers ETH investment thesis, which some in the ETH camp, us included, cited as total BS from day one (at least how it relates to ETH), but the Ethereum side of things never had any hard evidence to back it up. NOW WE DO.Â
- All previous unfavorable theories of ETH are defunct
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Ryan: ETH as a Digital Bond (link) (link)
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- investors are going to wake up to ETH as a yield asset
- Digital Bond
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.