Bitcoin – BTC HarryPotterObamaSonic10Inu (ETH) – BITCOIN The Trend Is Shifting FAST!! Brian Evans | Crypto Bitcoin This institutional kind of adoption potentially led by ETFs could be you know, another huge run for for crypto here risks and opportunities for the crypto investors were talking offline about your concerns about how Bitcoin might dominate everything might be good for Bitcoin investor, so not so much For the other.What do you think? Yeah, looking I’m not a Maxi, I’m pro all crypto, just to be clear.And I hope they all do well.And I think they will long term.
You know, for Bitcoin, that the kind of the trend that tends to happen is When when we get a pump to Bitcoin, everything else kind of bleeds, and that’s NF T’s that’s other Kryptos that’s even Aetherium less less so.But the money tends to get sucked into Bitcoin.And if things like an ETF, you know, do happen.That’ll be heavily focused around Bitcoin, in the next sort Of narrative.
And with the Bitcoin having company coming.I think we could definitely see other things bleed, I hope it doesn’t, but it is possible, you know, coming forward that we see a lot of attention go towards Bitcoin again.And that tends to You know, and that could kick off in next bull run for crypto.So that’s not a bad thing.
And then eventually, the money kind of goes up to Bitcoin and spreads out to sort of other things it tends tends to what hat be what happens.Yeah.Why Do you think Bitcoin dominance has been rising steadily over the last couple of months in the sense that we’ve got Bitcoin rising alongside stocks, but most of the altcoins haven’t done? Well, at least the ones that I’ve seen? Yeah, I mean, I think this ETF narrative is really getting people’s Attention right now.And I think that plus the halving coming up next year, let’s say it’s around May of 2024, roughly, when the rewards change for Bitcoin that tends to be a bullish event.And it’s kind of painted this positive narrative right now.So Yeah, it’s a lot of focus is going back to Bitcoin.
There’s also a lot of happening in the ordinals and Satoshi space, this ad space.For people that don’t know those are essentially blocks of Bitcoin, that have different rarities that can now Be you can go back and check your Bitcoin and see what blocks you have.So you could have a rare block or an uncommon block that can actually be worth money in addition to the Bitcoin itself, so there’s, there’s a lot happening in that space, you Can inscribe either names you can do like Brian dot SATs, and you can inscribe images and logos, kind of like NF t’s on Bitcoin.So there’s other narratives happening with Bitcoin right now that people don’t realize that the mainstream doesn’t realize, but the sort of the insiders of the Crypto world are seeing this and there’s, they’re kind of, you know, their eyes are blowing up and everyone’s looking around each other saying, Whoa, this is this is something new happening with Bitcoin, that could drive another bull run with with these kind of three things happening.So I think yeah, with this, this ETF narrative of money potentially going to Bitcoin, you know, in the SAT space, and on top of that, the Bitcoin halving itself is historically over the years tends to be a very bullish event.So yeah, it’s, you know, there’s always market macro factors that Could crush all of this, right.
So so that’s, that’s, that’s always a possibility of things just get pushed down longer, but this institutional kind of adoption potentially led by ETFs.Could be you know, another huge run for for crypto here.One thing we have to be wary of, in regards to having that’s Happening next year, is that every time Bitcoin has the mining costs go up, and so, I’ve actually I’ve heard various estimates as to what the breakeven cost could be.I’ve heard as high as 40,000.Suppose the bitcoin price doesn’t go to 40,000 but then and that we actually see an environment in Which mining costs exceed the price of Bitcoin What do you think’s gonna happen? Could be a problem it will depend on people’s long term views of this you know, if they think bitcoins still going a million dollars people might just bite the bullet and keep going anyways keep mining right You know, I don’t see it as a death of Bitcoin if that does happen.I think people will be willing to sort of invest in see the long term outlook just saying okay, Marcus are down right now.
Yeah, we can see reduction in mining for sure.But I don’t think it’s going to kill it by any means.So there’s no existential threat to Bitcoin right now.I don’t see one.I don’t see one I think I think it’s it’s proven now long enough.
We’ve seen all the threats over the years you Know, in different ways, kind of in market macro conditions and things like that, but I don’t see necessarily an existential crisis on hand.
This is a this is an interesting article I pulled up from coin desk tweeted the Euro headline Bitcoin no longer correlated to US stocks crypto analytics firm block Shoal says it’s nice play on the word black shows.That’s funny, but anyway, not a DAG rolling correlation between Bitcoin and NASDAQ, s&p 500 is now at the lowest level observed since July 2021.I mean, I understand you can take different periods you can get different periods of different various varying Degrees of correlation.But according to this analysis, the last 90 days how has really been correlated.Actually, if you just take a look at the charts, that’s absolutely true.Now that the NASDAQ has been going up, while Bitcoin has been somewhat flat, It’s gone up a little bit since the ETF news has been announced, but it has not caught up with the NASDAQ.
Why do you think that is? I don’t see it on correlation, you know, being uncorrelated.I don’t see that was a bad thing, because the argument against Crypto for a long time and Bitcoin etc.You know, was that, oh, it’s just correlated, it’s just going up and down with the markets.And I actually see a deep I see a decoupling being a positive event.So, you know, I would, I would hope long term People realize that, you know, this is a completely separate thing than stocks in traditional markets, Bitcoin, and other cryptos, obviously.So, to me, I see it as a very positive events to not be coupled with with the regular markets.
So you know, if It takes if it takes a little bit longer, but ended up going a lot higher than regular markets, maybe that’s a positive thing.
Yeah.So.So you mentioned ordinals? What are the practical applications of Bitcoin? Can we see that would be adopted over The next couple of years? Yeah, I mean, I think, you know, well, I think first and foremost, it’s Bitcoin.We look for innovation in Bitcoin.But I think the beauty of Bitcoin is that the system just works great how it is.
So we don’t need innovation In Bitcoin itself, we can have innovation around the broader crypto space, maybe in Aetherium.You know, it’s more combustible and things like that to build on top of Aetherium.
So I think that I think you’ll see a lot more innovation, perhaps On the on the Ethereum side, and maybe that’s a good thing for Bitcoin as well.Because it’s just so tried and proven to be, you know, this the saving, so to speak of crypto and just the safest, you know, the the, you know, and that’s, that’s Probably that the bull case for it is that it doesn’t have a lot of additional things that can be done with it, that it just works so well, how it is, you know, you hear about hacks and all these other things with other Kryptos and other chains.And, You know, that’s because they are innovating in different ways and pushing the limits of what’s possible, and it becomes a bad thing and in some cases, so you know, I personally just think Bitcoin how it is is great, it’s, it’s cool to see what’s happening with the SATs because it creates a collector Narrative, you know, I want to go out and collect those rare blocks right now.So I’m looking around trying to figure out how to get these rare, rare blocks.
And you know, there could be one thing that’s possible, and we’re seeing a Metaverse narrative, generally speaking, in the crypto space and beyond, Obviously, but Bitcoin itself can do with these blocks, you can actually create an Metaverse essentially.So we could see, you know, different different implementations of meta versus and, you know, in on that side, as well with Bitcoin so that that could be an additional kind Of use case.But I’m not counting on that.I think Bitcoin just how it is to be clear, is, is perfectly fine.
And well, and we don’t need the innovation payments.Yeah, it’d be cool if when maybe lightning, etc, you know, payments could be A little bit better faster with Bitcoin, but I don’t think it has to be I think we can use other other forms of crypto for that if need be.It’s easy enough at this point as well swap in and out of Kryptos.So I just think, unfortunately, There’s a there’s a, you know, within the crypto world, there’s Maxis that kind of you know, I’m only a Bitcoin personally.And each person, I’m kind of on every crypto version, I want them all to succeed, I think when the mainstream looks, and I Learned this on a TV show we filmed recently, when the mainstream looks in the normies, so to speak, but they see all this infighting within the crypto world it kind of paints a bad picture is sometimes I just want to log on to my PS five and Play GTA five or whatever.And I want to just Yeah, on Call of Duty, I don’t need to worry about the hassle of creating a asset to share.We were sold bounding my tokens or whatever, you know, it’s just I shoot some stuff.No, no, absolutely.
And That’s part of it.But you know, when you get invested into these games, you know, the game just closes one day, and you’re like, Oh, that sucks.I spent two years building up this character, I don’t have anything to show for it.And that kind of Sucks for some of the game players.And, you know, it’s the games are getting, you’re gonna get to a quality of game, there was this a narrative of play to earn games that didn’t kind of work out, and it just showed us what was possible.
But it wasn’t Really it was just kind of more opportunistic ways of generating money for game creators.
That, you know, doesn’t represent the whole community, perhaps.But I think we’re gonna see less of a difference, we’re gonna see this web 2.5 world where it’s in the Back end, a wallet is being created and your character is being stored as an FTP.
You don’t have to get into the geeky stuff, of creating wallets and swapping tokens around and things like that.So I think it’s going to be more seamless In the future where it just happens is there your gold and your game is your tokens, your characters NFT.And you can take them off and use them if you want and trade them or you don’t have to, but certain countries, certain parts of the world, Japan, for instance, my jujitsu coach was actually telling me this and I didn’t realize this, but it makes a lot of sense in hindsight, that certain parts of the world so in Japan, the there was a lot there’s in many parts of Asia, there was a bigger Narrative of web through gaming.They were way Be more bullish on it than the West perhaps.
And I was thinking, why is that? Well, he was telling me that in Japan like the samurai sword, for instance, some in some families, the samurai sword, the sword has been passed down for Generations, 10 generations, perhaps maybe more.And they had, some of them have a name and a soul in their mind.And they’re more connected to items.So in a web three sense, and in a digital assets sense, they were more connected to their in Game character and items on a deeper level than maybe would happen in the West.So there was more of a focus on that and more of more connection, we saw more development and more usage in those parts of the world.So yeah, there’s different different people look at it a Little bit differently, but it’s certainly a good argument that the games need to be good.Why do we why do we need to trade in game items with tokens? Why can’t we just use the US dollar like yet? Well, the problem is a lot of these games now I’m Playing playing some Diablo four, for instance, you know, there’s a lot there’s a, they don’t even really have an auction house, there’s not really a good way to trade anything.
It’s very clunky, but everybody wants to trade.
So it’s really just the old guard changing of you know, it’s the Same thing as everything else, where it’s a centralized company that wants to control everything, you know, just like the rest of the world and everything else with social media, etc, that they don’t want to necessarily have that because it takes away from their bottom line perhaps but as this Happens, more and more people realize that hey, wait, you can own instead of just spending all the people spent all this money on on fortnight skins, sometimes 10s of 1000s of dollars or more in in, you know, they lose their account to get banned or Something and they don’t they don’t actually own that.But when they start to realize these things of wait, I can spending all this money, I might as well do it in a game that, you know, I can I can take those out and actually own them and not be Locked into the game.Also the other good use cases, you know, games living on I’ve played games before where they just decided to stop supporting it one day.gala games, for instance, has a model where it’s decentralized and they can operate on between me and you can host the game, we don’t Necessarily need them.If they crash and burn as a company, we can still host the game and still play it.So there’s different narratives.
And there’s, you know, this is not a small group of people.This is you know, companies like Animoca brands have invested billions into the gaming Ecosystem for web three.
So this is something that a lot of people are really focused on.And believe is the future of gaming.What kinds of games do you think will most likely see development in the web three space? Yeah, I think role Playing games will be a big one.Because people invest a lot of time MMO RPG for instance, like a World of Warcraft type game, you know will come out The Trend Is Shifting FAST.
Brian Evans Crypto Bitcoin Bitcoin News Bitcoin Crash Crypto News Hello everyone, today our guest is , CEO and Founder of BDE Ventures, discusses Bitcoin dominance, applications for Bitcoin, and the future of Web 3.0 gaming.Brian Evans believes that Bitcoin is going to stay as a dominant digital asset and alt coins may suffer a deep crash in the coming months, also discussing the crypto gaming outlook.By subscribing to our channel, you’ll gain exclusive access to a wealth of knowledge and valuable content that can supercharge your financial journey.Hit that like button to show your support and let us know you appreciate the quality information we provide.
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