 Traditional finance knows something and they are making big moves right now And I think this is going to be big for Bitcoin and the crypto market in general before I get and talk about those big stories I just remind everybody that it's gonna be alright. Just relax No right now some people a bit antsy about what's going on the market Just let it happen and there was this promo that I did yesterday This is for NFA live with me guy and and Ben from the cryptoverse. I just said this I go You have to remember something Let the weather be the weather Let the market be the market because you can't control either and before anybody says oh a rock Why can't control the weather or the government controls the weather? So that's one thing like yeah, maybe true, but you're not the government So just relax and just control the the little sphere of control that you can possibly have and just move forward so today what I'm talking about is there was a tweet Charlie Baleo and He came out and he has a really good piece from white charts. He says active managers Had less than 20% exposure to equities last October So think about this way last October when the S&P was at 3500 now. It's a 4500 only one fifth of all the active managers that take money from people like you and me and actively Invest into those equities they were during that time holding off expecting something to happen to never happen They really should have deployed that capital because now we're at 4500 and of course that says here today They're equity exposures jumped above 99% so almost everybody with the S&P 500 above 4500 So basically what's happening is this these guys they take your money They take people's money and they invest at the top and they'll probably buy You know towards the bottom because I don't know either They don't know what's going on or they're just taking those different funds That's people are giving them and just collecting massive amount of fees So for me when I see stuff like this That is not what we're used to even here in the crypto market You're probably a better investor than them and you probably know more than them right now So I can't tell you what to do as far as financial advice not your dad and all those things But I have to tell you when people who are using these active managers to invest for them So to figure out like wait, wait I'm paying all these fees and you invest at the top and I and the gains have been Compared to all different things that are out there. Why am I using you and those have to look at all the things go Hmm, you know what there's this thing called Bitcoin and it's up 80% Since the beginning of the year, maybe I should try to look at Bitcoin and crypto digital assets Maybe just the thought so when I see this I just think to myself when people say it's smart money getting into it It's not smart money It's just big money and that would lead me to my next point where there was this this video and I can't play you the whole thing because this guy is just constantly cussing and What has happened here is he was just told that he's not gonna get a pension or he's gonna have a Minimization of his pension after 30 years working on the yellow plant and I can just tell you that I believe this is gonna happen more and more and There's been some discrepancies in the video itself and someone said no No, he's he's gonna get his pension But it's gonna be reduced and he says this company has been in rough shape for years I believe they are now filing on death's doorstep after the 35 billion bailout So again, there's a lot of zombie companies that are out there I don't know what exactly this company is But usually if you see something like this just google the term pension crisis And you'll know what I'm talking about and you may be one of the victims of that yourself So for me why take a look at these things? I'm like, why do we still have these archaic ideas of? Gaining funds by working for a company for 30 years that may or may not last and then we try to get a pension Which is gonna be reduced so for me I think it just better to invest for myself Diversify and I'll play the cards that way so let me just think about this in the comment section I think people will be turned off and it will lead them into other assets that they can Accumulate and that would be Bitcoin and digital assets on top of that Here's a little story about how Treadfy is coming over into our world chain link co-founder wants to bring trillions of dollars into the crypto from banks and That is a Sergey Nazarov right there. This is what we got Chain link launched its cross chain interoperability protocol just a few days ago No, it's a making easier to send money between blockchains if you don't know I Tweeted out yesterday Actually July 17 three days ago the chain link cross a interrupt BOP ability protocol CCIP officially launched on avalanche ethereum optimism and polygon main nets and again I said hey look this is a big news, but I'm super biased you have to understand I've been dollar-cross averaging chain link since 2017-2018 I sold some in the in the bull market, but it's been dollar-cross averaging since 2022 so for me Take over the grain of salt, but I think it's still pretty big Co-founder chain link has far broader ambitions and simply linking public blockchains together Remember it is an oracle which it brings in outside data onto the blockchains, which they cannot do so this is what chain link does Sergey Nazarov anticipates that banks and financial institutions will roll out their own blockchains Likely controlled or permission in some ways and that's okay They can have their their controlled on permission that's already been rolled out already and they can do those things But at some point they're gonna have to use some kind of chain and it may be a theorem or some other l1 But they're gonna need oracles He states you have this public blockchain and internet of contracts primarily defined by DeFi And you have this bank chain world, which I think will be primarily defined by real world asset tokens The next stage will be in these two worlds to allow to overlap And when that happens beyond the efficiencies and the gains for each of these groups, then you will see blockchain industry as a whole I think grow very rapidly by trillions of dollars and he states So I've been seeing these banks blockchain stuff I've been selling these banks blockchain stuff for about six seven years And the historical pattern has been that when there's a downturn in crypto the banks lose interests But this time is the first time after the four cycles that I've been through that this has not happened I think the reason it hasn't happened is because their clients want blockchain stuff And I'm gonna explain to you why that is just a bit when we get to the stage two So Nazarov claims that the stage is a bank adoption stage one folks on custody stage two encompasses token tokenization of real-world assets, so you know when we had this gentleman named Larry Fink and Larry Fink came out and he was talking about tokenization of assets. Well, just take a listen to this. This is like seven seconds I believe the next generation for markets the next generation for securities will be will be tokenization of securities We will and if we can have that distributed ledger that we know every beneficial owner every Beneficialist seller we all have our our code of who's buying who's selling instantaneous settlement and Think about it changes the whole ecosystem. So that kind of lays it out right there tokenization of real-world assets if you don't know who this is this is Larry Fink he is the founder and CEO of BlackRock and they have nine or ten trillion assets that are management and they are one of those by giant financial institutions That are vying for a Bitcoin ETF So when Larry talks, I think people listen and when Sergey is talking about like all of a sudden is like wow It's amazing now banks all of a sudden want this It's because you've got other people in traditional finance going you know what we think we know what's good And there it is and then also when Sergey talked about how he says well, you know I've been selling these things to banks for years. He ain't lying So this is from the chain link ecosystem and you can see that chain link has been working with Swift since oh 2017 and Swift if you don't know is a messaging service, which is what allows us to transport funds between banks which is an archaic and awful system and quite expensive and then just recently as 229 2022 Swift partners with chain link. So it became official even though they've been working in since 2017 So we can see that there's a lot of positive things going on in a synergy between traditional finance and crypto and again I think that's good for Bitcoin digital assets, but to finish up He states that stage 3 is where chain link comes in this development of financial protocols and their proprietary chains Essentially mirroring the contemporary DeFi and that third stage They're invariably going to be dealing with us because we power the vast majority of DeFi They're gonna need market data Identity data Automation functions all the stuff that we make they're gonna use and I know that because I've already said a lot of the designs and the Designs are basically copying the DeFi protocols. We already power So good luck to Sergey and that and also to me because I own a lot of chain link Let's see how that works out But I think it can be quite a boom moving forward, but one of the things that he did talk about here He's talks about regulation And when he talks about that to actually happen and to go forward it's all gonna hinge on the government that's in power at the point and also the SEC and I know people are kind of anxious about the SEC, but I want to put this in perspective and It's an article which talks about ripples and hot water But the person that said it is the most interesting part So according to Kristen Schultz a former assistant chief litigation counsel at the SEC's enforcement division he actually worked for the SEC in the enforcement division It isn't just some lawyer off the street somebody doesn't really know too much It's a guy who's already been there and he states the SEC's case against Ripple has the potential to disrupt the agency's other ongoing legal proceedings Despite being a district court ruling he states there's no way to look at that Ripple decision as anything but a win for the crypto industry XRP is not a security and the companies and executives transactions and XRP on the secondary market do not violate those laws Although other federal district judges are not obligated to fall towards ruling the opinion should still hold weight That being said it is a thoughtful decision from a well-respected jurist The other judges will find persuasive and it could spell problems for the SEC and other pending litigation such as coin pigs Particularly those that are focused primarily on secondary market activities. So We're talking about regulation. I think I personally think Gary's days are numbered I don't personally think the Biden administration is going to be around for the next presidential election And that means that when they step in the old ones step out And yeah, let me want you to think about that in the comment section and then before we get too bullish because let's not get over our skis You're gonna see articles like this Take it with a grain of salt. This is Jesse Pollock. He is one of the developers on coin bases ethereum focused layer-to-network called base And he says that 8 billion people will go on chain over the next decade Ah He says our feeling is that there's so much growth ahead of us We have less than 10 million people on chain today. That's true But there's gonna be 8 billion people on chain over the next decade. Do you know how many people are in the world right now? 7.88 billion. I don't know where the other people are coming from I'm not going to try to guess maybe he was misquoted But just know that when you see something like these articles just be aware that sometimes they are a little crazy and to finish up two items of Concerned to me first of all sweat sweat I've been talking about for quite some time on this channel and If you had no, they're the fourth largest DAP as far as like the as it's called here unique active wallets and For the amount of people that are using this on DAP radar. They are the fourth largest Wallets that are being used on a 30-day rotating basis at almost a million and they are right behind Pancake swap v2 and v3. They are ahead of Uniswap v3. They are ahead of 0x protocol They are ahead of a lot of different things and I'm excited for this project first of all again biased bought into it But also because it's finally gonna get rolled out in America on September 12th of this year So in a couple more months, we'll have it and I hear there may be a surprise listing. That's all here say who knows So on top of that also know that as of this month It is now becoming deflationary and there's a couple of the surprise that are coming out So now we'll cover that later in another video Maybe on this channel or the secondary channel Dan D gen and then also I Interviewed Ken Oling the CEO of meld and one of the things I told him was like Ken I don't trust you because you know, we got it. We got a truck. We got a verify We can't trust so how do we know that things that you guys are doing which is these self-paying loans and yield Application and how you're doing that. How can we trust you guys? So he said well talk to Pepe Blasco, so I had Pepe who was the meld CTO He runs us how to take a look at meld, which sits on top of Cordano and Avalanche Shanes so you can verify and not trust I'll put that video out Hopefully this weekend and as it for today. So look like today's video give it a thumbs up consider subscribing everything We talk about is time sensitive. So thank you so much for stopping by I do appreciate you and I'll see you on the next one