Krypto: Der Altcoin Anstieg wird KOMMEN !

Summary

In this cryptocurrency-focused livestream, the speaker discusses various topics such as Bitwise Bitcoin ETFs, the potential of altcoin ETFs, and the decline of Polkadot. They dismiss the idea of a 'Trumpcoin' replacing Bitcoin as a global reserve, emphasizing its political and practical impossibility. The speaker also shares insights into crypto trading strategies, comparing exchange fees and tools like Binance's converter and spot market. They critique projects like P Network and analyze market trends, advising viewers to watch for opportunities, particularly when Bitcoin dominance signals favorable altcoin prices. The speaker promotes their Patreon group for deeper engagement with their crypto community.

Takeaways

• 😀 Bitwise Bitcoin ETP has a low Total Expense Ratio (TER) of 0.2%, but its fund size is small, holding only about 300 Bitcoin.
• 😀 In the event of Bitwise's bankruptcy, the Bitcoin held in the ETP would remain secure as it is owned by the investor, not the company.
• 😀 The idea of TrumpCoin overtaking Bitcoin as a reserve currency is dismissed as politically and economically unrealistic, even by Trump supporters.
• 😀 Solana, XRP, and Litecoin ETFs are likely to emerge in the future, but it’s uncertain whether they will have the same impact as Bitcoin ETFs.
• 😀 Polkadot's value and relevance have declined significantly since its peak, with the host having moved to Chainlink, which has performed better.
• 😀 Polkadot is viewed as being overtaken by other blockchain projects like Solana, and the host does not foresee its future growth.
• 😀 P Network is strongly criticized, with the host suggesting it may be a scam, as it has failed to deliver any significant results over time.
• 😀 The Bitcoin market shows slight growth, while altcoins are experiencing fear-driven sell-offs, reflected in the rise of Bitcoin dominance.
• 😀 Despite the potential for Polkadot ETFs, the host is skeptical that they will drive significant price increases, as similar ETF launches for Ethereum have not led to price surges.
• 😀 A possible upcoming market shift could happen after the release of U.S. job data, which may impact the next phase of the cryptocurrency market’s growth or decline.
• 😀 The host encourages the community to join their Patreon group for more in-depth discussions and access to exclusive content, including portfolio updates and strategies.

Q & A

What is the Total Expense Ratio (TER) of the Bitwise Bitcoin ETF, and why is it significant?

The Total Expense Ratio (TER) of the Bitwise Bitcoin ETF is 0.2%. This is significant because it indicates the costs associated with managing the fund. A lower TER means investors are paying less in fees, which can improve overall investment returns over time.

What is the main concern regarding the size of the Bitwise Bitcoin ETF?

The main concern is that the Bitwise Bitcoin ETF is relatively small, with a fund size of only €29 million, which is equivalent to about 300 Bitcoin. This suggests that the fund may not be as liquid or significant in terms of market impact as larger funds.

What happens to the Bitcoin in the Bitwise ETF if the provider goes bankrupt?

If the provider of the Bitwise Bitcoin ETF goes bankrupt, the Bitcoin in the fund should still belong to the investors, as the coins are held for their benefit. The bankruptcy of the provider does not affect the ownership of the Bitcoin, as long as the coins are not mismanaged or liquidated inappropriately.

Why does the speaker believe that TrumpCoin will never replace Bitcoin as a global reserve currency?

The speaker believes that TrumpCoin will never replace Bitcoin because it would be politically damaging and impractical. Even Trump supporters would not support such a move, and no major government or financial institution would back it. The idea of forcing countries to buy TrumpCoin would be detrimental to U.S. international relations.

What does the speaker think about the future of Polkadot in the cryptocurrency market?

The speaker believes that Polkadot's time has passed, and it has been overtaken by other projects like Solana. While Polkadot was once a promising investment, it has not shown the same growth and potential as other blockchain projects, leading the speaker to trade Polkadot for Chainlink, which has performed better.

How does the speaker view the P Network project?

The speaker views the P Network project as unreliable and potentially fraudulent. They have been hearing about P Network for years but believe it has not made any significant progress. The speaker thinks it could be one of the longest-running crypto scams without any real results.

What is the speaker's opinion on the impact of ETFs on altcoins like Polkadot, Solana, and XRP?

The speaker is skeptical about the impact of ETFs on altcoins. While they acknowledge that Solana, XRP, and Litecoin ETFs are in the pipeline, they doubt that these ETFs will have the same positive effect on altcoins as Bitcoin ETFs have had on Bitcoin. The speaker points to the Ethereum ETF, which did not lead to a significant price increase after its launch.

How does the speaker recommend selling USDC on platforms like Binance?

The speaker recommends not using the Binance Converter for selling USDC, as it has high fees and wide spreads. Instead, they suggest using the normal spot market, where users can see the order book and set limit prices, allowing for better control and lower fees during the transaction.

What is the current sentiment in the cryptocurrency market according to the speaker?

The speaker indicates that the current sentiment in the cryptocurrency market is one of fear, particularly among altcoins. Bitcoin dominance has increased, and altcoins are showing signs of being in a fear-driven phase. The speaker advises watching the market closely and waiting for better buying opportunities.

What does the speaker suggest regarding the upcoming U.S. job data release on Friday?

The speaker suggests that the release of U.S. job data on Friday will be a key moment for the market. The data could either trigger a rise or a complete capitulation in the market. They advise viewers to wait until the job data is released before making significant decisions about investments.