[Music] welcome back to the Crypt Trends podcast where we cover all things cryptocurrency blockchain web 3.0 and AI I'm Robert croak and I'm joined by my co-host Armando panoa both of us and our amazing team are excited to bring you the best information guidance and strategies each and every Wednesday so follow along and always remember to take notes and take action okay so let's get into talking point number one ethereum ETFs get approval the fit 21 act also got through Congress billions in inflows could push ethereum to new alltime highs Armando with the approval of the ethereum spot ETFs how significant do you think this will impact the current ethereum prices yeah I mean the crazy thing is me and you we said it we predicted this down to the month we said 70 80% chance in May and it happened in May all the naysayers said it wasn't going to happen the SEC was like coming out against ethereum they said it's a security all the major bloggers all the major analysts said it wasn't going to happen and it ended up happening right that's why it's so important to watch this podcast right but I think that this inflow of capital that's going to come into ethereum is definitely going to push ethereum back to alltime highs uh alltime High the is around 4,800 right now it's around uh I think in right right at about 37 38 uh but I think that it's going to push it right back to and past where it was the all-time high was right and the reason why is I believe that ethereum always said this I said ethereum is the easiest uh case uh for retail investors right is that Bitcoin you know you have to compare it to Gold you have to compare it to a store value these are Concepts that the average person does not understand but with ethereum you say look man it's a worldwide computer uh the token is to pay for access to this worldwide computer and you could do these things like create nfts you can create code on there you can create applications on top of that that could store data for you the average person that's way easier for them to understand so I always said always the last five or six years I said ethereum would one day be the number one crypto on Earth and I think this passing of the ethereum ETF is Paving way for that to happen yeah absolutely the ease that ETFs offer could definitely open the floodgates to the new capital into ethereum and really potentially leading into a new price p week and also another thing that's really important that happened this week that I've heard no one talk about is the fit 21 act approval and that made it through Congress and just has to make it through Senate now and what that means is the fit21 act is the financial Innovation and Technology act and this is so so important because if we look at the bigger picture right now of where we're at in the crypto markets we went from all bad news and all of this negative news just 30 60 days ago go to now it's all really good news everywhere we look there's new Adoption uh the governments are easing and I just think it's a really good situation so with the potential approval of a salana ETF as Anthony scaramucci and Brian Kelly talked about what do you think this means for salana especially given its recent challenges with the SEC I feel it's all good news and it's going to be hard for the government to really kind of backtrack now just because everything is going in a positive light so talk about that and what you think is the future for salana because it's such a big blockchain and such a great project as it is where do you think it goes now if they get approved as well yeah I got a question for you before we get into salana the fit 20 21 Act was a huge deal for cryptocurrency why do you think nobody's talking about this I haven't heard anybody say it so far you know well I think it's because everyone follows each other and that's what we try not to do and I think it's because we actually do the work every week to be ahead of the news to be ahead of the you know different aspects of what makes these coins go big or what changes the markets and I think it's just the research that we and our team do that gets us ahead of the curve because we were all over the fit 21 act within an hour of it happening same thing when you called me about Trump's adoption to crypto on his website these are things that other people people are talking about now but they're not ahead of the curve so I think that's why I think it's just because a lot of people are reactive in their information getting it from people like us that actually put in the work and investment is so it's so important to be proactive because a lot of times the inside is like with the ethereum ETF people say why did it run up before the announcement because the insid is already new right that's the reason why it was a 30% increase right before the announcement so by the time the news get out it's too late so you have to be on top of these things that's why it's important listen to this podcast follow me and Robert on social media because we make sure you get the best information now back to the salana ETF now I think that either it's going to be either salana or xrp which is the next ETF and I I don't you know know which one to be first uh but they're both good cases for ETF and like I said is I think if they do approve a salana ETF that's going to be a big turning point for uh for salana right is that uh it's not only going to validate salana as a legitimate cryptocurrency but it's also going to secure place in the market uh we know that salana had a lot of problems uh in the last few months with the blockchain going down technical issues but if this they do move forward on that ethereum ET I'm sorry on that salana ETF it's going to be huge for that particular uh token so with the approval of the ethereum ETF that clears the path for salana to be uh to be formed into an ETF because those blockchains are very very similar but the benefits of salana is that they have faster transaction speeds and lower cost as compared with ethereum so I think that if they do approve this salana ETF it's going to be huge for the salana network and also for the token and that lays the groundwork for the xrp ETF which I believe will come soon after um just because we're still waiting on what's going to happen with the settlement which I assume also is going to go away pretty quickly because of the fact that now if you look at kind of the presidential race Trump announces that he's accepting cryptocurrency for campaign donations for his merch on his website etc etc so then automatically boom you see the Biden's Administration backing down because they win the presidency so it's like now all of a sudden crypto is the big pingpong match of who's going to win the presidency now that the the race is narrowed down to Biden and Trump so I think it was a really really smooth strong play by the Trump Administration to be first in saying hey we're supporting this all the way because at the end of the day it really needs to happen from the presidential level to get companies to stop looking to move out of the US and the Innovation leaving the us because of the fact that the US has been so hard on crypto for the past two or three years so with Trump going his Direction and now Biden softening his message I think it's going to be huge huge huge for the crypto space in the coming months and years because if we don't lose all of that Innovation it's going to really help the US maintain the lead uh in Innovation throughout crypto and blockchain and it's just going to be incredible so the crazy thing is man is that even with Trump accepting crypto even with the fit21 ACT even with the SEC passing both the Bitcoin and ethereum ETFs there's still people out there that's calling it a scam yeah like out it's like some kind of cognitive are they cognitive dissidence whatever it is dissidence said well how can you possibly not see the writing on the wall it's very it's crazy to me like I can understand 5 years ago maybe 6 years ago but now you have to be I'm sorry to say it an idiot not to be able to see that crypto is becoming a coming is is coming into mainstream adoption yeah it's crazy because I had a really dear friend of mine send me a video the other day and it was a chart and it was pretty uh pretty crazy about Bitcoin but it was doing it in a satire manner in comedy so my response to him was I was like are you sending me this this chart in this video because you're making fun of me because I've been telling you all to buy Bitcoin since 2011 or are you applauding me for being right and he said well let me tell you this I'm definitely applauding you because I didn't listen he goes and we were all at a party the other night and people were talking about how early you were on in crypto and how right you were even though none of us listen so for me it's just awesome and I love it when people still challenge us on crypto information because are there going to be cryptos that go to zero absolutely same as in the startup world most of them are going to go to zero but if you're in on the right projects like we talk about and you're being an investor and not a gambler that's why all of you listening and following this podcast and following our Instagram are really learning the ways to be a solid investor in this space you won't get wrecked like the others that are just out there trying to follow the schillers and get that next 100 200x coin so I think it's really important but let's talk about the approval of the ETFs the ethereum ETFs and what that means of how altcoins are perceived moving forward because I think this is a huge Monumental approval heading into what we believe is a big altcoin season for us so let's talk about that for a minute yeah so like I said people don't realize that uh the approval of the ethereum ETF also affects altcoins because the vast majority of altcoins are built on ethereum ERC erc20 right those are tokens that are built on the ethereum blockchain now they you may you know like if I buy uh you know uh Shiva or buy any other these uh erc20 tokens now to exchange those tokens I have to pay a little bit of gas that's what I'm paying to the blockchain to record those transactions so by the approval of this ethereum ETF you've also enabled a world of altcoins that are built on that Network so I think this is actually going to cause a a boom in altcoins right is that we both talk about it all the time we both feel that this next crypto cycle or the cycle that we're already in will be a super cycle right and we can see you know many times gains from many coins of the top coins to top tokens but I also think it's going to usher in a a massive altcoin season right especially with AI tokens and we're going to talk about that later but I think that this is great news for altcoins because like we said they're mostly built on ethereum blockchain that really leads us into let's talk about ethereum's decision to delay the release of the pectra upgrade until the end of q1 in 2025 ethereum has made so many great inroads with the new programs they're launching to lower gas fees but let's talk about the pectra upgrade a little bit because this is another one that I think is really important moving forward for ethereum that I haven't heard anyone talk about yeah so I know some of those guys on the ethereum uh development team and I they they're very they're some of the best developers in the world some of the best uh computer scientist some of the best mathematicians in the world these are the best of the best and they won't move forward inless they're sure that something's going to work that's the reason why etherum has been so Flawless in his execution over the last what nine years is because the team is very very uh precise in how they move forward so I think that this is a good idea it actually shows us how much Focus they put on quality and in Effectiveness when they move forward with a lot of these things so I think the the the delay is actually a good sign for ethereum and I think that uh it's going to be a big boom for the ethereum network once it's released in q1 one of the biggest featur features I like that they're integrating is p do and what that's going to do it's going to improve the ethereum virtual machine and that's going to improve the developer experience when they're developing DS or daps on top of the ethereum blockchain yeah it really just highlights their commitment to Quality and stability rather than rushing their timeline like a lot of projects do and I think with this careful approach it just really speaks volumes to ethereum's dedication to their platform and why in the longterm all of these security upgrades are going to just make it really efficient for everyone and just continue to build them as a world leader so yeah I think it's a great uh delay that they're doing but it's going to be really good for the future of the project also one of the other features that they're trying to work on is they're going to improve the proof of stake mechanism right and a lot of people always have challenges with uh with blockchain is they always talk about especially with proof of work in Bitcoin they say uh you know uh uses so much electricity and this and that but what you don't understand is that both these blockchains Bitcoin and ethereum they actually uh incentivize people to use less resources Y and what this in this pectra up upgrade is going to do is going to decrease the energy uses on the blockchain right on the ethereum blockchain so as we move forward with Bitcoin ethereum and many other coins the electricity concerns will go down over time either people will replace them with more efficient sources or either zero sources like volcanoes you know they do it in Al Salvador a solar power I even imagine one day that we'll have satellites around the Sun and it'll get direct energy from the Sun and that's how we'll M Bitcoin and other coins in the future yeah it just really kind of rallies us to a point that I want to add in today and that is thinking about Nvidia last week crushing their earnings we've been hearing so many people for months and months talking about how you know AI is in a bubble and crypto this and crypto that all of this negativity but if you look now Nvidia is still crushing it they just announced the 10 to1 stock split which is going to be great for the retail Market getting the stock price down from 1,100 or 1,50 whatever it is down to 105 which is going to be amazing for the average retail investor that wants to get in on Nvidia but then also what that does to the AI Market in crypto if everyone isn't aware the ASI merger is now finished complete and launched and you can now buy the ASI token through the coinbase wallet which I think is going to be incredible because we both loved all the projects that merged into the ASI coin so I think this is huge as as well and it just really speaks volumes that while most people we deal with in our DMS and through our public lives on Tik Tok or Instagram that we do and in our community is it feels like they're always looking for the negative rather than really looking more at a macro scale and seeing all of the positives we could spend an hour right now on this podcast just talking about all the positive news yet what happens is the market doesn't go up and to the right meteorically so then people panic and think it's all bad they don't realize you are early in this news cycle and in cryptocurrency as a whole and all of this news that we've spoken about today is huge news as you say it is incredible and I love it and everyone just needs to realize this and really do what we say and that is take notes and take action so let's get into our next big piece of news that I thought was just incredible this week this is not a uh this is not a golden seal of approval for Mr Trump um president-elect Donald Trump but it was a gangster move and I thought it was really intelligent for him to announce on the website that they were accepting crypto for campaign donations to be able to buy the merch and all of that and I believe the list was Bitcoin ethereum xrp Doge salana and sheba enu so far um I think that was the list and I thought it was just incredible so walk the listeners through what you think will happen to bitcoin's prices and also the rest of the crypto Market you know with all of these talks that we could see a 200k Bitcoin in the coming months because of all this news and the recent uh news from the Trump campaign yeah like I agree with you I think there was a gangster and it was also a chess move right is that it was a brilliant chess move is that he saw the environment he saw that a lot of generation Z's and Millennials are in the cryptocurrency and he saw that there was a restriction a restriction against it with the Democrats and SEC and every you know the current Administration and he saw he saw an opportunity to go opposite of that uh to gain those voters and it could be a it could be because he really likes crypto or it could be just a move to get voters it doesn't really matter because with Trump trump the type of Personality that Trump has is that once he gets into something it doesn't matter what it is and people like him in that industry or like him in that group he will start to Champion that idea yep he always hasn't in his first term so I think that once he starts showing up at crypto conferences and he's going to probably do it because I think crypto is going to be a huge uh political point this election you know by the time we get to November we'll be right in this smack dab in the middle of the bull run and it's going to be a political issue they're going to be on a debate stage and I could I could predict this and I'm sure you can too they will be talking about crypto on one of those debate stages eventually uh in his next presidential election so I think that uh it was a great move by him I think that he'll eventually Champion cryptocurrency uh decrease regulations talk about it more put it on a on a front stage for the average American to see and they're going to see Bitcoin go through those 100,000 15 200,000 not because of that but that's going to Aid it in getting to those price points yeah I agree and it looks really bad for the Biden Camp as well because they have to flipflop now because he's been he's been fully 100% I'll sign off on it no matter what all the way to all the way and now Trump pulls this move and now the Biden Camp if they want any chance of winning in my opinion they're going to have to flip-flop back and say well we want to keep innovation in the United States and this is what we're going to do and so I love this kind of pingpong match that they're in because it only benefits all of us that are investors in the crypto space and that's why it's such great great progress for the US in general so let's talk about a little bit more about cryptos becoming mainstream obviously we've had so much good news in recent months and now the SEC is getting backed into a corner the governments are starting to back off and the agencies and I just think it's a really great step along with everything else for major adoption because so much of crypto has been kind of compressed suppressed because of the fact we have haven't been able to get the mass adoption like we'd want and that prevents and that creates a lot of naysayers coming forward and so I think this is huge for us in the future to allow more adoption and that's going to create more and more Innovation for these smaller projects as well so talk our listeners through your thoughts on this a little bit and uh and we can go from there yeah uh the SEC has to be in panic mode right now I mean they they had crypto On The Run for the greater part of 2 three years you know uh backed in a corner SEC you know people panicking and you know a lot of people leaving the country even to get away from the sec's reach uh some projects even being taken down a lot of people getting sued over the last few years uh and now all of a sudden we see a complete turn in that right is that it has to be uh a panic in the SEC offices because they just lost a lot of power this week with the approval of the ethereum ETF uh with the uh the approve of the fit 21 and also there's a third one is the uh the house passed uh anti- uh Central Bank digital Currency Act yeah that's that's a big one that nobody's talking about that's a big one right is that that basically says that uh the government uh they hasn't passed the house the Senate yet the president s has to approve it but it may get caught up in there but what it says is that the US government cannot create a digital currency uh you know for that Central Bank digital currency so they have to choose something that's already existing and now the only currencies out there that are viable are cryptocurrencies So eventually if this passes the Senate and passes the presidency if Trump gets elected uh they will have to pick a cryptocurrency Bitcoin ethereum maybe even xrp uh to be the Central Bank digital currency so uh these things are causing sec to be in panic mode but it's also increasing uh the average person's uh you know uh Viewpoint y on cryptocurrency right is that uh as we see it become a political issue as we see uh more commercials and more you know average people getting into crypto we see the Bitcoin and ethereum ETFs which people can put into their 401ks uh that's going to open a the it's going to be 100% adoption uh within the next 5 years because of what happened last week yeah this is a great episode just to really illustrate all of the advancements that the cryptocurrency space is making in 2024 and it's incredible because it just seems like it's rapid fire now like you said the SEC is reeling because they just keep getting beat up and the powers that be the black rocks of the world and the arcs and the fidelities you know they're stamping their feet on the floor and saying this has got to go away here's why because at the end of the day all of this fighting between the government agencies the SEC and everybody about crypto is all going to go away because of what it does to make all of these different Industries better this disruption is going to make everything more efficient cost effective and just better for everyone when you think about crossb payments the real estate market tokenization of real world assets all of this is going to be great for the future not only for the governments and the banks in the end but for us the retail investors first and foremost so that's why I love it so much if you think about something and I want to talk a little bit is that it actually just hit me while you were talking this is crazy is uh a realization just came over me is that Bitcoin will be once Bitcoin gets to where it's going uh 5 10 years maybe even 20 years from now it will be the only real unmanipulated source of money in history yep I mean gold has been manipulated in history right people you know they they alter the prices or they store some somewhere or they don't let you get access to it government seized a lot of of of gold uh in I think it was in 1930s or 40s US Government actually seized people's gold it was illegal to hold gold for so many years in the US so over a certain amount uh so cryptocurrency because it's like you said it's decentralized it goes across borders it's worldwide nobody can control that at all nobody can really seize it from you because they don't even not even sure if you have it so it probably will end up being the only real source of money in history the real the only real unmanipulated uh third part you know uh third parties cannot get involved decentralized currency in history yeah and that's what's going to change a lot of people's lives and it's going to increase uh I think worldwide happiness it's going to increase industry it's going to just usher in a whole new world of innovation and also uh just uh you know people just being more comfortable with their lives yeah and one of the number one points that we don't talk about enough because we've been in this game for so long in cryptocurrency is that the math on bitcoin is this there's only ever 21 million units 21 million Bitcoin that can ever be produced and just like a dollar or a100 what everyone needs to understand is with the dollar fiat currency they can just keep printing more and more and more and more and that's why it devalues with Bitcoin you can't do that but to understand the flip side of it in layman's terms is people say well I can't afford to buy a whole Bitcoin for $70,000 you don't have to you can buy what is a Satoshi and a fractional part of a Bitcoin for as little as $10 or $5 or $20 whatever you have so the way to understand that is this if one Bitcoin is 70,000 and you want to buy $100 worth a Bitcoin you can do that and it's the same thing when you go to the bank and you want to buy a $100 bill if you don't have the $100 bill enough to buy a $100 bill with a 100 ones then you can still buy a portion of that $100 bill which would be a $50 bill or a $20 bill that's what everyone needs to understand you don't have to be rich or wealthy to get into the crypto game because all of it can be bought fractionally and get yourself in the game because you have to look at it from an RO y perspective if one Bitcoin right now is $70,000 and it goes to 500,000 or a million dollars each do the math of what the returns are on that and stop worrying about the price too many people worry about the price of a crypto and they buy all the cheapest ones because they think that is better it has nothing to do with price it has to do with what you believe the return can be on that cryptocurrency and that goes for any type of investment it's just a decimal point that's all it is is that with Bitcoin and a lot of people believe this they'll eventually move that decimal point and what that's going to do is they're going to denominate it in Satoshi it's 100 million Satoshi in one Bitcoin so when they denominated is that that's going to cause like like a stock split it's going to cause a new influx of money and so when Bitcoin gets to a million 2 million we won't talk about Bitcoin being a million dollar we'll talk about it a lower amount like oh Satoshi is 10 cents or 5 cents or a dollar or whatever it's going to be uh so I think that's where Bitcoin is going just don't get caught up on like you say don't get caught up on the decimal point doesn't matter value is value percentage gains are percentage gains I love it well this was an awesome episode and I want to thank each and every one of you for listening and following along you can find us on Instagram at crypto Trends podcast and on Spotify apple and YouTube we're so excited for 2024 and Beyond and sharing all of our crypto insights with all of you and remember if you love the podcast please give it a share give it a five St review and we'll see you next week