The Crypto Market Is About To Go F**king Crazy (altcoin supercycle) Transcript, AI Summary & Key Points

00:00 I would expect 10 years from now by 2036 everything we own of value is going to be re rendered into a tokenized digital form. >> I can't believe what he just predicted in this clip. >> This is going to happen. It's going to bring enormous opportunities. >> The crypto super cycle is finally here. Altcoin season is here. The data shows us that altcoin season is finally here.

00:28 After months and months of being in Bitcoin season, altcoins are breaking out after a 2year downtrend. There is more room for this rally to run. But think back to how bearish everyone was back in June, July, August of this year. And now alts are really rallying. Super up 175%. Zcash up, wow, 370%. Near up, wow, 250%. Everyone was bearish back here, but this was the time to buy.

01:07 Good thing you subscribe to Altcoin Daily, guys. Smash the like button if you appreciate me getting this stuff on your radar. The crypto super cycle is finally here. And this isn't even according to me. Altcoin Daily, the number one most watched crypto news and media channel in the US and around the world. This is based on what the former CFTC chairman Chris John Carlo just predicted in this clip.

01:32 He gives his 10-year outlook for crypto markets and actually all markets and in no uncertain terms, his prediction is that nearly everything will be on a blockchain in the future. If the future really looks like this, all of us are going to be rich, I think. Well, you tell me what you think. This is a twominute long clip from BMTV. >> Crypto has now jumped the chasm from being a kind of funky new alternative asset class to really being the architecture on which the financial system is being rebuilt.

02:11 And it's starting with stable coins as becoming a a new digital payment mechanism. And it's going to now evolve into all starting with securities whether they be uh government debt or whether they be uh equities and companies are going to be put into tokenized form on digital blockchains which are going to increase their mobility, their accessibility, their utility to you and me and the issuers of of securities.

02:39 And then we're going to be able to greater use them for collateral. We're going to be able to use the collateral in our homes in a digital fashion to do so much more. And so whenever you go from an analog system to a digital system as we're doing now, the tolerances get tighter, the efficiencies get greater, the utility goes up. And the first wave of the internet was the internet doing that to information that was formerly locked away in libraries and under a lock and key.

03:10 and you paid high subscription fees to access that data and suddenly the internet unlocked that and all of us can gain can can communicate and gain data from one another. This wave of the internet is going to do to banking and finance and money itself what an earlier wave of the internet did to information gathering, social networking, uh uh photography and other things.

03:31 It's it's going to be truly remarkable. And as I say in my book, I would expect 10 years from now, by 2036 that there won't be a securities offering of any site that's not directly in tokenized form on a blockchain. And that's going to be whether it's debt, equity, and and ultimately it's going to be a whole range of real world assets. Everything we own of value is going to be re rendered into a tokenized digital form.

03:57 And of course, why wouldn't it be? Everything else in our life has gone from analog to dig digital. This is going to happen. It's going to bring enormous opportunities, but it's also going to bring enormous dangers. You know, criminality doesn't go away simply because the te technology changes. So, we're going to have to be vigilant. We're going to need good rules and regulations, and I'm confident they're no going to get written.

04:17 >> Alt season is finally here. The data shows us this. This breakout is a clear indication of the current trend change. Those of us who actually invest in this market are reaping the rewards today. But I actually think crypto and even more precisely altcoins have a whole lot more room to run, especially considering crypto is entering a whole new era.

04:42 The SEC and CFTC are ushering in an altcoin super cycle. This is according to Clear Street analyst Owen Laauo, who breaks it down on Fox Business. altcoin super cycle. >> What is this innovation exemption that came late last week from the SEC? What is that and why is that a big reason crypto stocks are rallying? >> Uh the SEC introduced innovation exemption last Thursday.

05:14 It essentially allows some brokers or exchanges to create some kind of alternative trading system that trade tokenized stocks such as tokenized Microsoft stock, tokenize Nvidia. The reason for that is it allows 247 trading around the clock. It also facilitate faster transaction and settlement that will save a lot of the cost in the back end. That's why SEC is pushing this innovation exemption last week.

05:42 >> So it's legislation absent of Congress doing it. >> I would say it's regulation in the absence of legislation. >> Regulation without legislation. Federally speaking though. >> Exactly. Exactly. So what that means is um you know the the next uh SEC or the next administration can still reverse some of these trends but at least at this point even though we don't have the legislation but we have the regulatory clarity at this point.

06:08 >> Okay. >> If you're interested in making money in crypto and staying informed make sure you subscribe to Altcoin Daily. And I do want to be clear that even though I believe that crypto is in altcoin season, Bitcoin has always been a strong anchor in any portfolio. I do think the Bitcoin bottom is in. The Bitcoin investment thesis is digital gold programmed scarcity, a debasement trade.

06:37 And as fiat currencies continue to get debased by governments around the world, Bitcoin will grow stronger and bigger. Again, this is not according to me. This is according to the former CFTC chair who understands where the future is heading. We've watched Bitcoin evolve from a novel digital asset into something that institutions are now comparing with gold and other macro assets.

07:01 How do you see Bitcoin's long-term role in portfolios? Is it primarily a digital gold or do you think we're still underappreciating something that's, you know, a native digital 247 global asset and and the role it could play in financial systems? >> Well, as your listeners know, one of the key elements of Bitcoin is its program scarcity. The number of bitcoins is is limited and that limitations written into the DNA of the of the product itself.

07:29 And so at a time when uh we're seeing government uh pol uh uh uh wild spending and debasement of the currency um an asset that that holds its value that is the the direct opposite of debasement makes a lot of sense and so that's one of the core value propositions of Bitcoin. Historically that's been the value proposition of gold. Gold has always served as a rebuke to government u pro profacy and in many ways the digital form of money in the future or the digital form of gold in the future is bitcoin.

08:02 You know historically money has always been grounded in a commodity whether it's gold or silver or other things that came out of the ground. Many would argue the dollar over the last three years has been anchored to oil the petro dollar. Why do we historically anchor things to to money to things that come out of the ground? Because you can only extract things from the ground so fast.

08:25 And so therefore, it serves as a break on debasement. And so is it far-fetched to think that in a future of debasement that actually we governments may tie their money this time not to a commodity out of the ground but a digital commodity like Bitcoin that has a limited supply and therefore um uh is is is a is a response to the debasement that all governments and sadly every major um reserve currency in the history of mankind has gone through.

08:57 Let's hope that the debasement somehow reverses with our dollar, but if it doesn't, Bitcoin will its value proposition will grow and grow and grow. >> Big week coming up, crypto holders, stay subscribed. Make sure you check out our latest interview with Hunter Biden. It brought Austin and I together. We asked him the tough questions, and things really do get wild in this interview.

09:21 I could have played you so many clips, but I'll play you this one. This really surprised me. Hunter Biden really went in on his own party, the Democrats. And you know, I just thought this was really refreshing to hear him say this about the Democratic Party. But again, the whole interview was wild. This is just a small part of it. Uh, I'll leave you with this.

09:45 See you tomorrow, my friends. >> I definitely do not represent the Democratic Party, and I find that their position on crypto is just purely soporic and and reactionary. I think that they're against it because those guys are somehow for it. What they don't understand is that the horse is already out of the goddamn barn. This is a technology that is not going away.

10:04 This is this, you know, I I don't know how long I since I read the internet of money and I've heard uh people say that Bitcoin's going to zero next week and you got this guy, what's his name from the OC going out and making documentaries about how it's all a scam. What a bunch of man. What a total bunch of That documentary in and of itself is so factually wrong just on so many things that it's not like how does anybody take it seriously?

10:29 But what happens is you have the mainstream media that comes along, whether it's the Wall Street Journal and the um uh that are basically mouthpieces and and bullhorns for um you know the banking industry um who by the way is all going into cryptocurrency on the side as they go and try to kill things like the Clarity Act until they can get it at the cheap price and then and then turn around and try to institutionalize it in a