Crypto valuation relies on network usage metrics (explaining 87% of Bitcoin's rise) and gold comparison models, while successful investing requires patience and avoiding emotional buying during market downturns; the future of crypto lies in tokenization and decentralized identity systems.
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Just before we jump into the video, please remember nothing in this video is financial advice. I am not a financial adviser. Crypto is extremely risky and no results are guaranteed. There are some affiliate links in the description and I may earn a commission at no extra cost to you. Today is a scary day for crypto and Bitcoin of course, but I think it's always important to look at the silver lining to look at some other options and to not always be so doom and gloom. So that's what we're going to be discussing in today's video. All right, guys. With that said, if you did want to grab our channel partners' exclusive bonus today, there's $3,000 up for grabs over on CoinW, you can access this using the affiliate link below this video, but more on that later. Let's jump into it.
>> And then, of course, from October, I think that's when a strong a very strong rally starts. I don't know if you saw Mark Cuban said that he's now dumped or sold all of his Bitcoin uh given that he no longer believes it's acting as a hedge uh against inflation or anything else. Argues gold is proven to be a a a better a better bet and and that Bitcoin has not acted the way it should if it's supposed to be digital gold. What say you?
>> Well, um you know, on the one hand, I think Mark is right. Crypto's been disappointing because crypto should move with, you know, equity markets and it should be rallying with software.
Software has really started to rally big and crypto hasn't moved. Um, so I think there are what what I call quote rage quitting people selling here as if something is wrong. I mean, one I think that's what always happens at the end of crypto winner. You know, if someone asked me, is the thesis for Bitcoin or Ethereum broken? You know, it's absolutely not because one, the more work we do, and we're hearing it from founders like Palunteer, Bitcoin and Ethereum are really the future of money because mass and compute or comput and energy, however Elon puts it, really are what's scarce.
>> I really think people find it easy to forget this when the price action is down. That's the most important thing I always want people to understand is chasing the excitement like charts like this. People get excited, the price is up. It feels good to buy. But buying in fear, buying in uncertainty, buying on a day like today where Bitcoin has fallen to 66K, right out of a bare flag that if you are watching the right technical play out, technicals play out, you would have expected this to happen. And buying on a day like today or yesterday is scary. But that's the thing. People in euphoria. And every time in history, I've seen people buying just because of price action that looks like this.
Listen to what I'm saying. The I'm not saying the AI trade is about to pop, but what I'm saying is is buying just because of price action. And you're going to need to control agent systems.
And as age AI systems evolve, right, we're now talking about using commerce and operating websites, you need decentralized identity and verification.
That's really what crypto does. And we know Wall Street wants to go towards tokenization. It's a vast improvement in efficiency of the of actually how money moves and it's an innovation. Well, that only happens on Bitcoin and Ethereum and other smart contracts. So, the future isn't changed, but the spotlight today is of course on semis, memory, starting on software, but as as people focus downstream into the future, that's really I think when the bid comes for Bitcoin and Ethereum because you when you drove.
>> So, it is really quite simple. You just need to have patience. That's what he's saying. You just need to have patience.
You need to practice patience in a moment like this and then the eyeballs are going to move back again. And that's the mistake like I've been saying that everyone makes >> about stocks. It was so easy for you.
You got you did it. $10 times four, that's you know, $40. Put a multip that's 800 points. Why do you even try with with Bitcoin or Ethereum? What what's your your comparable analysis to be able to come up with anything to make predictions about Bitcoin or Ethereum?
There's there's nothing that you can base it on, Tom, except maybe psychology or sentiment or something.
>> Yeah. Um well, there's Yeah, actually uh market sentiment is plays a huge role because it's sort of essentially risk premium, but there are two uh proven ways to value um crypto. One of course is just network usage because wallets and activity per wallet still explain like even now 87% of the rise of bitcoin. So as long as more people use it and they're transacting it the value of bitcoin should go up. It's a network effect. And the second is the umbrella value of gold. You know gold at when it hits 5,000 if bitcoin had the same network value as gold and gold is not as scarce as bitcoin that would put bitcoin at around 2 million. So to me, >> I think there's still two ways to look at the value and and of course for Ethereum, it's been shown for every dollar of tokenized assets, you know, tokenized dollars or others, it's created $1 value for for ETH, the coin. So if you believe Wall Street's going to tokenize, Ethereum's price should go up a lot.
>> So as you can see there, Tom Lee, of course, still bullish on the market no matter what happens. Yes, we're a little bit lower than when he was talking, but I think his thesis remains the same. I do feel bullish, but of course, we have to understand we are in a bare market.
Tom Lee is known for very grand predictions, and actually those predictions coming right, but not in the same time frame he's talking about. So, it's always good to gather your information from many different sources, but I thought it'd be good to bring someone on that was a little bit more bullish, a little bit more chilled today, so it's not all doom and gloom.
With that said, hit that subscribe button. And to remind you guys, if you do want to trade, CoinW is offering $3,000 in an exclusive bonus just for my users. So, you can sign up and you can get the first time deposit bonus, the trading volume bonus, and all of the rewards there. You can read the terms and conditions. And guys, as he's talking about and everyone's talking about, there's a lot of excitement around, for example, the Space X IPO, and you can trade these IPO prices, trady, commodities, gold, silver, all on CoinW as So, if you do want to check it out, make sure you use the affiliate link. And guys, with that said, I'll see you in the next one. Hey,
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