00:00:00: Bitcoin still the best investment according to BlackRock and why is Ethereum potentially cutting its staking rewards?

00:00:09: Added more in The Crypto Talk this week.

00:00:26: This video is not a financial advice.

00:00:29: This episode we will focus mostly on Bitcoin, but also have a look at Ethereum.

00:00:35: So today's episode will feature two charts – mostly as I said bitcoin and ethereum!

00:00:41: But if you dive into this first new story right here….

00:00:44: We should talk about the news report from BlackRock that came out on Monday.

00:00:48: Robert Mitchnick, the global head of digital assets wrote in his report monetary alternative and unique portfolio diversifier remains unchanged.

00:01:03: Specifically even after the minus fifty percent of a price dive that we have experienced in the last couple months, Now, favorites in terms of a perspective.

00:01:20: Of course because BlackRock is mainly focused on both Bitcoin and Ethereum as let's say kind of this the main asset.

00:01:28: we can clearly see.

00:01:29: blackrock is not giving out ETFs or ETF products for every other altcoin.

00:01:34: they are very focused on bitcoin being these alternative global monetary system essentially an ethereum being at the enabler of the tokenization world.

00:01:45: And BlackRock is specifically banking on these two assets, and it does make sense because BlackRock as strategy is one of the biggest holders of Bitcoin in the investment world.

00:01:56: anyway.

00:01:57: now One of that thesis at that could prevent bitcoin from rising even further would be the declination off the clarity act.

00:02:05: Now The SEC is proposing That we might actually see a new crypto rule even if the clarity act doesn't pass or passes very, really late because currently the clarity Act is more less on vacation until September.

00:02:19: We'll probably discuss the Clarity Act mid-September once again.

00:02:23: now Polymarket is saying chances for the clarity are sitting at around ten percent so fairly low If you ask me.

00:02:30: but the SEC is saying No, we're continuing this crypto innovation train.

00:02:34: specifically SEC chair Paul Atkins is saying.

00:02:37: We need rules to future proof the United States for the Crypto Capital of The World and he's even talking about the Innovation Exemption specifically four new tokens or two token volumes that are being generated specifically up to five million US dollars in tokens during a four year period an upto seventy-five million usd month period, as well as a safe harbor which would exempt specific cryptocurrencies from being treated.

00:03:10: Now, that is very specific wording.

00:03:13: That comes from the SEC and a huge change compared to let's say five six seven years ago when the SEC clearly stated that every crypto asset that it being released is potentially an investment contract must be treated as such and must be regulated as such.

00:03:29: And exactly this Is where we are standing for the SEC?

00:03:34: with the clarity act may be coming through in September.

00:03:37: We might actually see higher prices now for Bitcoin, not a lot of things has changed In the last couple days and weeks.

00:03:44: we're standing at exactly same area kind this mini range that is building up here between sixty two and sixty six thousand US dollars And I would expect these to break fairly soon for it to go towards seventy four thousand US dollars, that would be kind of the next very nice and interesting movement.

00:04:04: And development now.

00:04:06: one chart that I actually like even more than a Bitcoin charges Ethereum.

00:04:09: but Ethereum is struggling with its own kind of troubles an issues they theorem foundation or its researcher Justin Drake actually suggested at the big validators and the big stakers are taking too much off their staking revenue?

00:04:24: The main reason is this statistic right here the staking ratio sitting at around almost thirty five percent and just recently that was lower than uh thirty percent so sitting at about twenty nine percent.

00:04:37: And since then Justin Drake has suggested EIP eighty three sixty one which essentially would say that especially the big validators and stakers wouldn't get as much revenue.

00:04:50: We're talking about two point six percent reward rate currently in the Ethereum world, which equates to about three hundred million US dollars for Bitmine if we are being honest.

00:05:01: so that's not a little amount of Bitmines.

00:05:04: specially your shareholder of BitMine is well essentially would mean lose their parts, but others would gain especially the solo validators and The idea, of course in from Ethereum's perspective is to be as decentralized as possible.

00:05:27: That is kind of the main focus and As I've mentioned a chart From ethereum i like way more To Be Honest.

00:05:33: Here We Can See This Thing Is Gaining A Bit Of Steam At A bit Of Upward Movement After A Long Kind Of Stretch And Drought For The Ethereum Investors Currently Sitting Around One Thousand Nine Hundred Twenty Two this Might Break Fairly Soon.

00:05:48: In My Opinion.

00:05:49: Once It Breaks it Will probably go towards two thousand one hundred where it will have kind of a slow or slow rejection to bounce back toward two thousand and then jump in the next couple of weeks.

00:06:04: So for me, this chart is actually looking much better than the Bitcoin chart but of course bitcoin is drumming the main music.

00:06:11: so as soon as bitcoin is pushing Ethereum will push even harder.

00:06:15: But right now in my opinion ethereum is gaining a lot of steam.

00:06:19: That was it from The Crypto Talk This week.

00:06:21: make sure that you're subscribed to not miss any other crypto news.

00:06:24: I'll see on the next one.

00:06:25: Have A Good One.

00:06:29: CFDs and digital assets are volatile, not suitable for everyone.

00:06:33: SwissQuote assumes no responsibility for accuracy or losses from its use.

00:06:37: Products & services were offered only where legally

00:06:39: permitted.".