CARDANO ADA: Holy Fu*king Sh*t... If this is True!!!!! wow.

Summary

In this video, the host discusses the potential for Cardano's price to skyrocket due to several exciting developments. These include President Trump's proposal to eliminate capital gains tax on U.S.-based cryptocurrencies and a possible collaboration between Cardano founder Charles Hoskinson and Elon Musk. Speculation about a federal blockchain voting system involving Cardano and other cryptos adds to the excitement. The host also highlights his personal trading strategies and Cardano's growing position in his portfolio, making a case for its potential in both short-term and long-term investments.

Takeaways

• 😀 Trump proposes eliminating capital gains tax on cryptocurrencies, potentially making profits from US-based crypto assets like Cardano tax-free.
• 😀 Charles Hoskinson, Cardano’s founder, could become President Trump’s crypto advisor, signaling possible collaboration between Cardano and high-profile figures like Elon Musk.
• 😀 A federal blockchain-based election and voting identity verification system is being considered, with Cardano potentially involved as a core part of the technology.
• 😀 The Cardano blockchain is being explored for its role in ensuring election integrity across the US, which could boost its recognition and adoption.
• 😀 Charles Hoskinson is working to push crypto legislation in the US, with plans to gather key industry leaders to shape the future of crypto regulation.
• 😀 Cardano’s price could skyrocket if the speculative developments, such as the tax reform and regulatory changes, materialize.
• 😀 The presenter’s live Cardano trade is currently profitable, showing the potential for short-term gains while awaiting long-term opportunities.
• 😀 The market is currently in a Bitcoin-dominant phase, but Cardano could see major growth once Bitcoin's dominance starts to decline.
• 😀 The creator is taking profits during euphoric market moments, with a strategy that includes buying the dip and managing risk via dollar-cost averaging.
• 😀 Cardano is part of a growing crypto portfolio that has been expanding since May 2023, focusing on assets with strong communities like Cardano and others.
• 😀 Despite being speculative, the creator is optimistic about Cardano’s future, with potential partnerships and legal shifts paving the way for substantial growth.

Q & A

What is the primary focus of the video?

The video focuses on the potential future growth of Cardano (ADA) and the speculative events and partnerships that could drive its price up, including news about U.S. crypto legislation and Cardano’s involvement in major crypto-related projects.

What role does President Trump play in the speculative news discussed in the video?

The video mentions that President Trump is pushing for the elimination of capital gains tax on cryptocurrencies issued by U.S. companies. This could make profits from holding U.S.-based cryptos, like Cardano, tax-free, which would have a significant impact on their adoption and value.

What connection is made between Charles Hoskinson and President Trump?

The speaker speculates that Charles Hoskinson, the founder of Cardano, might become President Trump's crypto advisor. This connection could lead to Cardano being involved in federal blockchain-based projects, such as a blockchain election and voting identity verification system.

What is the speculation regarding Elon Musk, SpaceX, and Cardano?

The speaker suggests that there could be a collaboration between Charles Hoskinson and Elon Musk, with Cardano potentially becoming the base layer for a new financial system integrated into X (formerly Twitter), as well as being part of futuristic projects involving SpaceX.

What is the significance of the federal blockchain election system discussed in the video?

The video mentions that President Trump is exploring the creation of a federal blockchain-based election and voting identity verification system. The system could be developed in partnership with Cardano and other blockchain platforms, which could enhance election integrity and eliminate voter fraud.

What is Charles Hoskinson’s role in upcoming crypto legislation?

Charles Hoskinson is planning to work towards passing crypto legislation in Washington D.C. within the next 6-9 months. This would involve bringing together leaders in the crypto space to shape the future of crypto regulations in the U.S.

What is the speaker’s perspective on the potential of Cardano in the market?

The speaker is highly optimistic about Cardano’s potential, particularly given the news about potential legislation and collaboration with key figures. They believe Cardano could see significant price movement if these speculative events unfold.

What does the speaker mean by 'chasing the euphoria' in cryptocurrency trading?

Chasing the euphoria refers to the practice of buying into a cryptocurrency during a price surge (often driven by hype), with the hope that it will continue to rise. The speaker mentions this in the context of taking short-term profits while monitoring for a pullback to buy more at lower prices.

What is the strategy the speaker uses in their Cardano trade?

The speaker discusses using a short-term swing trading strategy, where they take profits at euphoric price points while keeping an eye on the market for possible pullbacks, at which point they might re-enter with more capital. This strategy is used to build up trading capital for long-term investments.

How does the speaker balance between short-term trading and long-term investments?

The speaker emphasizes that their short-term trades are separate from their long-term spot positions. For long-term holdings, they do not focus on taking profits quickly, whereas for short-term trades, they actively take profits during euphoric market conditions, aiming to accumulate more capital for future opportunities.