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It supports the podcast and it doesn't cost you anything. Well, folks,
let's start by looking at the prices. Bitcoin currently still consolidating in that fifty
to fifty one thousand dollars range. If you look at the charts, nothing
spectacular happening. However, one analyst did highlight that Bitcoin is bullflagging, So
you got this falling wedge setup that's taking place and looks like it's about to
break out. But we got to let these things play out and give it
time. One great thing I am seeing is that the DXY Dollar Currency index
is starting to pull back. It looks like it had has hit its peak
on this run up, So fingers crossed that it is incorrecting because when it's
going down, asset prices pump. So this will be good for bitcoin,
all coins as well as the stock market. But you know, there are
no guarantees here so we have to watch these things closely and adjust our thesis
based on the facts changing and what's happening on the charts. Now eth is
looking really bullish today. It crossed over thirty one hundred dollars multiple times.
Right now it's at three thou ninety eight dollars and I'm expecting higher moves upwards.
Here ral pal Macro investor share the etherorem bitcoin chart, he said,
the eight slash BTC chart is an absolute stunner and ready for the next big
move, the break of the mega wedge. Let's see how this pans out.
So we gotta be patient. We got to let the market play out,
let these rallies prove themselves. And look, you also have to take
profits where you can. I took some profits on the fat token the fetch
dot ai. I was up over five hundred and thirty six percent. My
plan is to take profits where possible, and then when the market pulls back,
buy back in and then hold for new all time highs. I'm not
doing that with my entire portfolio, just certain coins that are up significantly,
that are ripping right. You got renders also doing the same thing. So
you've got to take profits where possible. Another factor that's bullish bitcoin is that
the Great Scale GBT Trust has seen the record lowest outflows since its conversion,
so they're selling it has been ramping down. That's a good sign because when
you know it's ramping up and there's a lot of selling, it puts sell
pressure in the market. And even though they may be doing this OTC and
not on the market itself, it's not news that you know you want out
there, so great to hear this is ramping down. That's a good sign.
Now, as far as the coins that are trending on social media,
I want to highlight the data from sentiment here, Cody. I actually don't
hold this in my portfolio, but it's getting the lion's share of social media
trends, mostly positive sentiment. And the reason being there's reports that the price
has doubled in a week. It's up over one hundred percent in the past
week, and this is following the introduction of a privacy enhancing feature known as
garbled circuits. So once again, I don't hold this token. I don't
know much about this project, but I want to share this data with you.
Second is DBG. I actually don't know this coin. Oh, this
digitiite. Excuse me, I should have known that digitide has been around for
a while. Then you also have thor chain Rune coming in a third,
Ultra or UoS at fourth, the gt protocol. I don't know about this
project. At fifth, spell Token, at sixth Phoenix Global. As seventh,
Cardono is trending pretty strong here. I think it's seeing some nice price
movements as well. You get Verge, and then finally fetch dot ai,
which once again has been ripping. That's a token I'm bullish on. It's
an AI theme token. So that's your latest and this was actually updated within
the past thirty minutes. So that's what's happening from a market sentiment standpoint.
As far as the top all coins trending. Now, guys, we've got
big news. Brian Armstrong, CEO of coinbase, tweeted out today interested in
learning more about John Deeton as he is going up against Elizabeth Warren. This
is a big highlight of what John Deeton's doing, and it could mean coinbase
is ready to open its war chests and give John Deeton a lot of campaign
funds. We saw reports that coinbase a sixteen Z to Wiggle Bosswins and many
others were donating to the Crypto Superpack, and that fund is being used to
promote or support crypto advocates within Congress and different parts of the government. So
Brian recognizing what John is up to here is super important. I hope he
comes out and supports them even more, backs them, and Coinbase does the
same because Coinbase, once again they got a huge war chest of capital.
Well, not to mention just giving John the visibility, right, Brian tweeting
out it by John gets him in front of one point three million people who
may not have heard of him. So really great to see this, And
I think John's going to get more support because he's fighting on behalf of the
industry. And Elizabeth Warren we all know, is the enemy of the entire
crypto industry. She's formed what she calls the anti crypto Army. So we've
got a fight on our hands and I'm supporting John. I've donated, and
I will continue to amplify news around him and his campaign. And we've got
to support him. Guys, even if we're not based in Massachusetts, we
can retweet, we can donate, and we can try to get the visibility
to the people in Massachusetts, so they're aware of what's happening here. But
we saw just this past week Boston dot Com and other major mainstream news outlets
within Massachusetts are picking this up and it's becoming a big story, all right.
Moving ahead, newly released Satoshi email reveal a treasure trove of early Bitcoin
lore. I'm not sure how many of you saw, but these early satoci
emails are coming out, and it's fascinating to get some insights into the personality
and the things that have been said. It's very interesting. So one major
takeaway was Satoshi didn't come up with the term cryptocurrency and wanted to downplay Bitcoin's
anonymity, so that's interesting. A litany of insights into the early days of
cryptocurrency were recently revealed when Bitcoin creator Satoshi Nakamoto's earliest collaborator, Martin Malmi,
published one hundred and twenty pages of email correspondences between the two on GitHub on
February twenty third. So I actually have to go through all of these emails.
I'm actually very intrigued by what was discussed back in the day and to
get a perspective on how Satoci was looking at bitcoin, you know, outside
of the white paper. Obviously, the true identity of Nakamoto remains a point
of conjecture throughout the greater cryptocurrency and blockchain community. However, the emails recently
published on GitHub by Malmi were initially introduced as evidence in a London court brought
by the Crypto Open Patent Alliance against Craig Wright, who has claimed to be
Knakamoto. So we all know Craig Wright is a buffoon, a clown times
ten. This guy needs to go away. But these emails are just fascinating
and there's a lot of nuggets in there, so you guys can certainly go
check that out. But here are some other callouts. When asked how bitcoin
my scale in the future, so Toshi theorized the network would have a maximum
of one hundred thousand nodes. Here he goes into the calculation and the economics
of the network at scale, notes about fifty thousand nodes run the software today,
so he was thinking one hundred thousand nodes. So Toshi believed bitcoin mining
would be less energy intensive than the legacy banking system. Note this is by
far his best new quote. Now there's a quote here on the word cryptocurrency
and that becoming a category which bitcoin is in. In fact, one of
the emails kind of took down the narrative that Satoshi and you know whoever he
or they are, created the term cryptocurrency, when in fact they didn't.
And per Satoci, here's a quote. Someone came up with the word cryptocurrency.
Maybe it's a word we should use when describing bitcoin. Do you like
it? Interesting? Now? On anonymity, he said, I think we
should de emphasize the anonymous angle. With the popularity of bitcoin addresses, instead
of sending by IP, we can give the impression it's automatically anonymous. It's
possible to be pseudononymous, but you have to be careful. So I think
it's pseudononymous, right because you can do some blockchain analysis and trace the wallet
addresses and so forth. Sure you won't get all the details, but there's
some tracking ability here, and this is why it's not great for criminals,
right, And the facts of being able to track this on the blockchain with
different data analytics goes against a false narrative that Elizabeth Warren has put out there.
The email continues to essentially predict the rise of blockchain forensics. Here's a
quote. If someone digs through the transaction history and starts exposing information people thought
was anonymous, the backlash will be much worse if we haven't prepared expectations by
warning in advance that you have to take precaution. So even sassoci here just
highlighting what we see happening today with chain analysis and these other companies that do
blockchain analytics. Now, quick word from our sponsor, and that is v
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go to vchain dot org link wi beating the description. Now, weve
got news here that eigenlayers one hundred million dollar hall ignites a series of adjacent
investments. So I don't hold this token in my portfolio, but let me
give you guys an update. The company behind a theorem restaking protocol, Eigenlayer,
announced a one hundred million dollar investment this week from the coveted venture firm
Andrees and Horowitz. The rays puts Eigenlayer in a small group to clear nine
figures in a venture round over the past several months, joining the of Hong
Kong Exchange hash key and interoperability platform Wormhole. Folks, there's a lot of
capital coming in, right, and to get one hundred million dollars from a
sixteen Z is huge. So Eigenlayer allows ether that has been staked to secure
the Ethereum blockchain and to be restaked or used to secure other chains and services.
A sixteen Z general partner Ali Yaha said this vision to add revenue streams.
The Ethereum's consensus mechanism has the potential to change everything. Interestingly, the
protocol is hoping to help build a network of other chains and services secured with
eigenlayer have drawn funding interest too. Alt Layer, for example, announced a
fourteen point four million dollar funding round this week, co led by Polychain and
hack vc. At Layer creates restaked rollups which apply Eigenlayer's mechanism to the layer
twos used to batch transactions on top of the etherorem blockchain. So, folks,
we are seeing investment, the building out of the infrastructure, all types
of new features, functionality, and much more. So huge, huge adoption
news here. Now let's talk about alio privacy focus. Alio users concerned after
KYC documents leaked to claim a reward and Alio users must complete KYC slash AML
to pass the Office of Foreign Assets Control screening in accordance to Alio's internal policies.
So this is the challenge that we will continue to see privacy coins.
I have no issues with them, in fact, I think they're great.
The problem, what I've been telling a lot of people is that governments are
going after privacy coins they want to know everything. That's why KYC and AML
is going to be a big part of the future of crypto. Any on
and off ramp is going to have kyc AML, So it's going to be
interesting to find a balance, you know, where we want to have a
blockchain encryptocurrency that is anonymous, but it's going to be tough and I think
it's risky to hold privacy coins. Honestly, that's my opinion. I could
be wrong, but I know the governments are going to go after him.
Now. Obviously, if you're not doing any illegal activits, you don't have
anything to worry about. And I don't think the criminals will try to use
it because blockchain analytics right usually they are able to track the on and off
rams as well. So decentralized blockchain platform Alio has revealed some users information on
February twenty fifth, According to reports on x or Twitter, the platform focuses
on zero knowledge ZkS cryptography and uses a third party protocol for Know your Customer.
A pseudononymous user by the name of Oh, I'm not even going to
try to pronounce that said alien mistakenly sent KYC documents to his email. These
documents include selfies and ID card photos of another person, making him concerned about
the security of his own information. So this is a challenge, folks.
And you know, if you are going to invest in privacy coins, you
have to take into consideration all of these things, right, and how governments
are going to perceive these privacy coins, how they're going to treat it,
and I think they will be heavily regulated. We see the direction they're headed
in, right, folks. And I don't know. I don't know,
because for example, I'm a big fan of Monaro and even z cash,
but you know, holding them maybe to make some money, sure, but
just be careful what you do with them because these governments they're not playing around.
You don't want to get yourself stuck, you know, by the government
government mistakenly flagging you as for someone doing something bad or whatever it may be,
and then you have a whole bunch of problems. All right, folks,
that's the news. Let me know what you think. Leave your thoughts
commons below hit the thumbs up button. Also check out Uphold, which is
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the top all coins you could trade precious metals such as gold, silver,
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Thank you for listening and watching, and I'll talk to you all later