Crypto Water Cooler: Donald Trump Bitcoin, Elizabeth Warren John Deaton, Reddit, AI Coins, Avax Ep10

David from the @TheNextBlock3 channel joins me to discuss:
– Reddit invests excess cash in Bitcoin, Ethereum, and Matic
– John Deaton running against Elizabeth Warren
– Donald Trump warms up to Bitcoin
– Kraken, LEJILEX with Crypto Freedom Alliance of Texas filed a lawsuits against the SEC
– Avalanche AVAX goes down
– Bitcoin pulls back, what happens next
– Render (RNDR) and other AI Coins pump
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⏰ Time Stamps ⏰
00:00 Intro
01:32 Reddit buys crypto
04:34 Bitcoin’s next move and halving
07:25 Altcoins moving include AI coins
14:20 John Deaton vs Elizabeth Warren
19:45 Donald Trump Bitcoin
22:56 Kraken and new exchange sue the SEC
27:11 Avalanche AVAX goes down
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It’s one thing if you call for regulations or you say hey this is happening but she took the banner of I’m anti- crypto and I’m building an army so right away you got the entire crypto industry whether regardless of if they’re Bitcoin maximalist or this maximalist everybody’s going to be on

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Your funds if you’d like to learn more about uphold please visit the link in the description welcome to the thinking crypto podcast the crypto water cooler Series this is episode 10 I have David from the next block YouTube channel with me today David happy Friday yeah man

Happy Friday good to be here uh you know excited to talk crypto and everything that’s going on because you know right now we’re in crypto summer is what I would say and there’s a lot going on so not a day goes by there’s not something you know a big headline something crazy

Happening so a lot to talk about for sure yeah it’s never a dull day in crypto man and yesterday we got huge news that Reddit the social media platform and giant uh they bought Bitcoin and ethereum with their excess cash reserves they also are accepting madic polygon madic uh which is

Incredible another major company adding crypto to their balance sheet um what are your thoughts on that uh you know I was reading through the article and also Reddit is looking to um go public right IPO and you know there’s a lot of talk there which has and I I think in the

Article I found it said the last uh social media platform to go live or IPO was Pinterest and so I kind of went back and did a little research on Pinterest and just there its chart and it’s it’s still up from where it ipoed but I you

Know I had a big run you know once it uh you know after it IPO ran up to like from like 20 to like 90 or $100 per share and then it obviously had a pretty big drop back down and I think you know they’re they’re definitely trying to

Position themselves to reap the benefits right of the successful platform that it is and I think um you know aligning with crypto and and starting to hold Bitcoin starting to hold ethereum and use it I think it’s also just to kind of play into you know into that hype right and

Generate some of that buzz uh you know I don’t know if maybe that’s part of their reasoning like you know they want to IPO and they want to make sure they get some some of their crypto native you know users who you know to get excited about

The stock price or the stock that you know they’re going to you know eventually release but uh yeah it’s it’s B bullish because Reddit like you said it’s one of the larger um you know social media platforms that are out there and we know Twitter X you know

It’s obviously gonna you know with Elon Musk and everything has a it’s going to have more um you know uh you know things within the crypto realm using you know base payments and stuff like that so it’s exciting for sure what are your thoughts yeah no I agree with you that

There is a bit of playing to the market right to ramp up uh no and get attention especially from the crypto industry because there are a lot of crypto users on Reddit there’s the tons of subreddits for crypto uh projects and tokens and businesses um look I even have one for

The podcast on there so there’s an active Community obviously crypto Twitter is the biggest but there’s an active Community there um in addition I think it makes sense for every business right now who are educated about it to go after micro micro strategies Playbook we’re entering into the next bull market

Cycle put it on your balance sheet and look you can cash it out when in in the Euphoria phase just like an an average investor right and they can make a nice return versus keeping those cash reserves and it’s getting the base right you’re not getting much from it put it

In Bitcoin put in ethereum and you can do really well now obviously you don’t put your entire cash reserves you got to diversify bit and be smart and be safe and RIS averse but I think you know for the IPO standpoint it makes sense and even from a fiduciary standpoint it

Makes sense for for Reddit yeah and and just curious on your thoughts because I know you know I think I’ve mentioned this a few time on on our water cooler series here that you had a chart you know back when Bitcoin was I think around like 25 and it was kind of in

That 20 to 25,000 range uh you know showing Bitcoin running up to 50K possibly and then maybe traversing back down to the 30s 20K range before maybe the happening and then having another uh you know obviously that maybe the run to new alltime highs maybe late 2024

2025 um you know what are your thoughts there are you still leaning towards that thesis or do you really think that with where bitcoin’s at now that and having obviously being close that we could see it continue to run into the havening maybe even hit new all-time high sooner

You know before the havening or something like that what are your thoughts there yeah look anything is possible and I always tell people like sure Bitcoin could run up to new alltime High by the having but is it highly probable right it’s not a matter of is it possible or impossible it’s possible

But I don’t think it’s highly probable and I’m going off of historical um movements now we know markets don’t repeat but they do rhyme right and and uh we have to look at the correlation with global liquidity in the stock market because that is factual that is

Data and the stock market looks like it’s pulling back a little bit and uh could we see some sort of Correction sure but I think it’s a healthy correction I’m not talking end of the world crash or anything like that just a healthy correction to build support

Levels and then you know it moves sideways consolidates then bounces that’s what I’m anticipating I think that’s more realistic in what we’ve seen historically and uh look if it does go to new all-time highs by the having I am super happy about that I always sell

People I’m not a bear I’m actually a Perma bable but I want to be realistic I don’t want to be going off my emotions and hopes and dreams I got to at least validate what I think with the charts and what’s happening in the macro right

And what the FED is going to do so my thoughts I think uh Bitcoin is going to top out pretty soon if it hasn’t already pull back to like 35 between 35 to 40K Bill support levels and then we continue moving up and I think new all-time highs

Later this year in my opinion yeah yeah and I I honestly think you’re your spot on I mean especially with you know like you said the you know it doesn’t repeat exactly to a te but it does rhyme and we’ve seen the you know I’m sure if

You’re on crypto Twitter or Reddit you know you know and your following the cryptocurrency space you know that Bitcoin runs first then you have ethereum run and then you have altcoin season memec coin season and then everything kind of you know is done for a while rotates back into cash and then

You know the cycle repeats itself goes everything funnels right back into Bitcoin and I think right now it seems like you know ethereum hitting 3,000 uh kind of teetering around there it seems like ethereum is starting to see its you know season start to pump more uh and

Alts I mean you know alts are popping left and right I feel like even memes you know we’ve had kind of you know it’s kind of an intermittent though with you know salana having its like meme coin season and um you know obviously Avalanche kind of having you know a

Taste of that as well um but yeah I I definitely think new all-time highs for Bitcoin later this year and you know the entire like I’m a perable as well um obviously though you got to be realistic and know that they’re you know a 30% correction I think the last you know

Bitcoin uh bull bull run had like three or four uh you know 30% size Corrections in that run up so um you really have to you know if you’re in super big profits take some off the table I know I took some profits um on render which is a

Huge play in the AI side and it got the salana hype as well um and Nvidia you know they just it just keeps printing I mean if you if you’re holding Nvidia stock I don’t know you know you should probably be taking some profits because it’s I just saw a tweet yesterday that

Showed Invidia is literally uh its valuation is more than the entire like Hong Kong you know you know uh Stock Exchange market cap and even bigger than India and you know a couple others put together uh you know when you put in like meta and Nvidia Google like the

Fang the big tech stocks it’s like the valuations it’s almost you know at some Point you’re like is it going to you know just consume everything and you know and but that also does make me leery on like the crash that’s probably coming um but you know I’m enjoying the

Ride of that and my render bags have been pumping like crazy and I hope it continues to run with Nvidia yeah to your point the AI tokens like I took profits on fetch fetch.ai I was up I tweeted about it this morning I was up

Like 536 on Fetch and I took uh some on render as well so my plan is is is to once the correction happens buy back in yeah you know take some of those profits and buy back in and get ready for uh new all-time highs later this year as well

As 2025 but to your point like the market and and these prices can’t keep running up in a straight line that’s not sustainable and unfortunately the average Joe and Jane they’re not educated about that they see a pump and that’s when they enter in and unfortunately many times it’s right at

The top and then boom they get wrecked yeah and and even then it’s it’s like when you have a winner it’s hard to even want to sell it you just kind of want to keep adding on to it but that’s also how you can kind of get wrecked because then

You know then if it if it starts to fall down you start to second guess yourself you start to sell and then you know then news pops out positive news and then it runs back up and then you’re chasing the pump again so you really do have to have

Those convictions and those plays my my buy or my spot for render taking profit was 8 to $10 I think it got like to 790 something so obviously you know we’re right there starting to take profits um but I you know I I know there are permes

On Twitter that are or on X that are saying 50 500 you know $100 you know maybe I don’t know but you know I’m not willing no not right now like maybe later this year when the blowoff top happens but for right now those are huge gains you especially I was buying render

At a130 so you know a130 to where it’s at now that’s a lot that’s a couple X’s right there yeah and that’s why it’s so important to educate yourself and not just see tweets and people hyping things up because look don’t get me wrong my first go around in the crypto Market I

Was paying attention to that people were like oh this coin is going to boom and this and that and it’s like oh I better go buy now but I had no concept of where we’re at in the market cycle how to read the charts you know looking at Fibonacci

Models and technical analysis and so forth now I know better and this is where when I see coins like this are running up I’m like okay it’s hitting maybe a rejection Zone take profits let it crash down buy back in run up again take profit right rins and repeat and

You can you know people are always looking for or I should say they have the lottery mindset I need to make a million dollars winning the lottery right when you’re investing you can’t have that mindset because not everyone is going to walk away with millions of

Dollars but you may walk away with tens of thousands or hundreds of thousands and you can you know build that treasure chest uh or War chest that you can continue to invest which can grow the portfolio to Millions yeah and unfortunately people are not conditioned

To you know to do that and I’ll say this I feel like the crypto Market especially if you’re if you’ve been in the past few years has really warped people’s minds it’s warped my mind I have to continue like try to get myself out of this thought process that that that a double

Or a triple in a short amount of time is is normal like that and that’s just the thing that the crypto you know because of how volatile it is and you have people flexing that you know they got a 100x or 1,000x or they put in $16 and

They made 200,000 that you that that’s what everyone expects they expect when I buy this I’m not going to sell it until it makes me you know super wealthy and a millionaire and it’s like but if you really think about it you know if you’re

If you’re able to you know in the just my few years I’ve you know I’ve had many many coins I’ve bought that have doubled in price and it’s like if you can string together enough of those you can make a million dollars over 10 15 trades but

You have to be willing to sell when it doubles wait even if it keeps running wait for another good opportunity to buy back in and then write it up again absolutely and that’s the way to do it you know unless you’re a hedge fund that has a starting with a million dollar

Yeah it’s it’s not really possible who you know those hedge funds usually have like tens of 20s of analysts running charts all day and U making micro trades and macro trades none of us you know if we have dead jobs and so forth we can’t

Do that but yeah my son doesn’t allow me to to to focus as much as I as I would I mean I literally even I sold yesterday a it was a very small market cap project building on base and I was trying to you know flirting around with some

Speculation and I sold it had to go take care of him and do some things come back that a tweeted dropped that literally pumped the price like you know 80 90 per percent I was like ah you know what that’s just the that’s the nature of the

Beast right you walk away from your screen for an hour and things anything can happen as long as you’re walking with your money you’re winning yeah right and and that’s the mindset people have to have a foundational I’m walking away with a reasonable profit I’ve won

Yeah um and and you got to not think about the lottery not have the lottery mindset which I’m G to play these numbers and I hope I win the Mega Millions right no that’s not what this is right um this is investing and you got to learn the principles and so forth

All right let’s talk about some big things happening in crypto from a political standpoint we got Attorney John Deon going against Elizabeth Warren she’s scared scrambling sending out emails donate to me please John Deon is running against me and we know John of course was fighting on behalf of a lot

Of xrp holders he uh has also participated in other lawsuits with uh within the crypto industry I think this is great I think John has a good chance and you know in any other political cycle I would say he wouldn’t have a chance but because Democrats are in a

Bad place right now with Biden and the economy and all the things the macro headwinds that Democrats are fa facing I think John stands a strong chance yeah and and you know I obviously you know I’m not a huge political person I don’t follow everything as close but I do know

This like you said Biden you know a lot of Democrats a lot of Biden’s Administration has you know not has had better days to say the least and so yeah I and obviously if you’re in crypto you know Elizabeth Warren’s stance and you know her attacks and how she’s try to

Stall and slow crypto adoption in the United States so CN deon’s run against her is bullish I I hope he can win I hope we can get one younger um people in uh more uh younger thoughts and ideas uh into the political sphere and that can

Have you know a good influence um and you know I’m I’m all for it and I definitely think he has a shot I really hope to see uh you know more crypto Pro Advocates uh you know getting elected this year as we go through a lot of election Cycles obviously you have the

President ele presidential election cycle and it does seem like more Republicans are kind of leaning into that and they know that like hey having a pro crypto stance or at least maybe even neutral to Pro crypto stance is probably better than what the current Administration has with a lot of you

Know Democrats being very uh negative towards crypto and crypto adoption yeah absolutely and I think Elizabeth Warren I think she took the wrong bet here it’s one thing if you call for regulations or you say hey this is happening but she took the banner of I’m an crypto and I’m

Building an army so right away you got the entire crypto industry whether regardless of if they’re Bitcoin maximalist or this maximalist everybody’s going to be on the same side here saying no no no we hate you and we’re going to vote your ass out and then I think just this week we saw

Coinbase a16z the wink of Awin a bunch of people are donating to that super pack that’s for crypto uh uh uh political candidates and members of Congress so the war chest is being built by the crypto industry and I think with Gary genser who’s closely tied to

Elizabeth Warren taking all these L’s in court getting scolded by the judges all these factors don’t uh you know align for Elizabeth Warren and I think that’s why she’s scrambling I think that’s why all these emails are going out she’s asking for other Democrats to help her

Fight John Deon it’s it’s like Jon is like a political nobody yeah he’s like a regular guy and she’s that scared so she knows de maybe even taken a little bit from Trump’s Playbook right I mean no one really thought Trump when he first ran for presidency because of his you

Know he wasn’t a super big politician but he was kind of you know he had that whole vibe of you know I’m on the ground I’m I’m one of you right and so that’s reason and I feel like he kind of carries that same you know had a rough

Upbringing you know I was just reading a little bit of history on on him uh and you know just his kind of rise to where he’s at now and it’s like you know people can align with that people don’t align with career politicians who’ve been sitting there milking the system

Just getting money money money and then you know coming out and maybe attacking something that many see as you know what the US should be embracing and you know obviously I know that some people don’t want to embrace cbdcs and and some of the maybe negative aspects of crypto but

There are still a lot of good aspects of crypto that I think you know with her with her very rough stance as you know building an army to attack and Destroy crypto I just think you know she’s kind of cemented herself and I think you know John definitely has the upper hand

Especially with you know I I saw video your short you put out uh you know Trump kind of talking and he’s softening up to crypto there are a lot of Republicans softening up to it and so I think this presidential election um having you know

A pro crypto stance is gonna is going to be a big factor I think and and honestly I hope so because you know as we see and if we see the Biden Administration not get reelected and and someone new enter into office um you know I think you’re

Going to see people like G ginzler starting to sweat I think you’re going to see you know a lot of the people who had a lot of control and power in in the Biden Administration really lose that and that could like you said you know after the elections into the year next

Year that could be the reason why crypto takes off and we see new all-time highs and and you know crypto adoption spread in the US is because new people are in new money is in new control new power and and they get to push their own

Agenda yeah and it it’s just going to add confidence to investors and the market right that you have someone Pro crypto and to your point um you know with political candidates we saw VC ramaswami Ronda santz RFK Jr who’s now an independent leaving the Democrats um they were all pandering to the crypto

Industry they were all putting out the hey I support crypto regulations y yada um and I I we just see the tone changing and then that you know the interview with Donald Trump I know some people are trying to say oh well he didn’t say he supports Bitcoin but he didn’t say he’s

Against it and that’s the tone shift cuz I I put it in my newsletter today that in 2019 I put the Tweet he was like I’m against Bitcoin and crypto and blah blah blah it was a harsh stance now it’s like you know I see people are accepting it

And I’m fine either way right yeah it’s a softer tone so it’s almost like he’s moved from against to neutral and we could see potentially like you were saying as we get closer to the election cycle or deeper in the election cycle maybe he says hey I’m ready to support

Crypto uh currency in the United States with regulations right and we could see I I honestly think so because VC is now in his camp and VC was a guy who was very educated and spoke well about crypto and understood the Dynamics of it so it’s interesting times man and uh and

Plus you got a couple bills in the house and a couple bills in the Senate Patrick mckenny trying to push that through so there’s a lot of things aligned here moving in the same direction towards crypto yeah and and you know like I like I’ve said you know I’ve told many of my

Friends this too it’s just like when you look at the political landscape right now with where crypto’s at I feel like if you if you have if you don’t have one you have to have an opinion on crypto but I just feel like if it’s not pro

Crypto in some form or fashion it you know it’s going to be a tough uphill battle for you just because I feel like that’s where the Innovation is like that’s where the excitement is uh right now especially you know as bitcoin’s taking center stage with the ETF news

And all that stuff like you know a lot of my friends are starting to again ask about Bitcoin start to get interested you know many some of them are buying some of them are not but I don’t know I I think it’s going to be a hot topic for

For voters uh coming this election and you know let’s let’s be honest all politicians are are paid you know are kind of you know yes they have their own opinions but you can literally just look at Biden look at Trump look at any of them and go back you know 10 15 years

Ago and see what their uh you know their political stance was probably completely different right they will change where when when the money changes and you know what is the you know the largest you know asset managers Black Rock Fidelity all these guys are into Bitcoin so of

Course if that’s where all the money’s at then that’s where the politicians are going to be absolutely I was just about to say that it’s about the money and on those Wall Street companies like you said they they make campaign donations so Black Rock who’s talking about tokenization who’s supporting usdc and

Custody their reserves who’s launched a Bitcoin spot ETF are they going to go vote or uh provide campaign donations to someone who’s anti- Bitcoin anti crypto which would hurt their bottom line no right especially when Bitcoin is going to it’s going to hit new alltime highs like the having is going to happens

There’s going to be a shock in Supply uh the demand is going to go through the roof and that’s when you’re going to see everybody you know needing to have that Pro crypto and pro Bitcoin stance because you know right now bitcoin’s a better money than you know or better

Store value than most anything else that’s out there yeah absolutely now let’s talk about uh related to l war and Gary genser we’re seeing the crypto industry going on the offensive I’m so happy to see this man because I think people are taking the glows off they’re

Not afraid of the Gary against in the SEC because they’re like look he’s going to come after everybody anyway so we might as well go in the offensive and tie him up in litigation put the bad Optics on him because you had Kraken exchange yesterday file a lawsuit for a

Dismissal of the case against them and then legil I actually haven’t heard about them before this news um they’re base out of Texas and there were startup crypto exchange they joined with the crypto Freedom Alliance of Texas and filed a lawsuit against the SEC same thing tell us what the rules are and

Tell us that you’re not going to sue us if we launch our crypto trading platform yeah because they they’ve said that they’re going to list you know certain cryptos that have been deemed possible Securities in past uh you know SEC filings and SEC statements and you know

I don’t know it’s it’s funny too I think that that the exchange name that they were going to be going with was going to be like the legit exchange which I thought was kind of funny just thinking about like you have to you have to call your exchange legit I don’t know that’s

That’s kind of funny but um you know yeah it and you’re going to see more and more of this you know people going on the offensive to attack what the SEC is saying what Gary ginzler is saying because they realize that Gary giner has backed himself into a corner that he

Can’t get out of and that’s what I’m saying like I think if especially if we see you know a Republican or independent you know if if uh you know someone else can win presidency and it not be this current Administration I think you’re going to see out with the old guard in

With a new guard you’re going to see new people popping up left and right that are going to have different views probably a more open stance for crypto and so yeah they’re going to get beaten and and badgered all throughout this year um because they’ve not been clear

Right I mean maybe you could say guinsler has been clear that he doesn’t think Bitcoin is a security but you know just look at every single interview when he’s talking about ethereum and anything else else and he just he can’t and and I think that’s just because the people

That are paying him are paying him to to be very uh you know ambiguous and just very confusing and not laying out you know the rules um because he says the rules are there they say where so yeah and oh sorry go ahead no I was just

Gonna make a fun pun you were saying that they’re taking the gloves off and I was uh it just made me think that you know there’s somebody else in the crypto space who’s taking or putting the gloves on to go to go to bat forest and that’s

Bit boy he’s he’s put the gloves on he’s going to be fighting tonight at 700 p.m. so that I got to I got to tune into that and see a crypto influencer tribe boxing I don’t know I feel like the stage wait who is he fighting again some other some

Other like crypto YouTuber I don’t even know who it isto Crow or something like that yeah yeah I think so they’re in like Mexico City I don’t even know if it’s like boxing or MMA I have no idea but like that’s the stage like that alone should tell you where we’re at in

Crypto uh is local top yeah exactly like it’s got to be today you know today has got to be something you know monumentous if we have literally like crypto influencers stepping in the ring to fight and and box it out but that was just a funny quip when what you made me

Think of it I I think a lot of people like to get in the ring with with bit boy Ben Armstrong he’s made a lot of enemies and they would want to beat him up yeah I definitely seeing him March up there I’m like there’s no way this fight

Lasts more than 3 minutes like like someone’s G to get even if it’s just like an accidental knockout like someone’s G to get knocked out very quick if it is crypto Crow because I don’t know um he’s a huge dude like pretty big he he was taller he was

Definitely taller than than bit boy obviously bit boy’s maybe a little bit more Stout but yeah I’m sure his reach is gonna play into that’s I don’t know like as long the only thing that better not come out of this is this better not be the rise of the next like uh Logan

Paul or whatever where bit boy somehow gets a knock out out and then he starts to challenge you know big Fighters and somehow win oh my gosh if that happens then this is I have no then we’re living in a matrix for real yeah oh my gosh um

Let’s talk about Avalanche avax because the news broke today that they went down um obviously we’ve seen salana go down and salana has gone down like over 11 times I think yeah I think this is the first time Avalanche is going down and he said it was after they released some

Sort of update so I kind of give them the benefit of the doubt but uh man it just shows that we’re still early and there’s you know more fine-tuning and iterations that need to be done on these blockchains because you can’t have Enterprises running on these things and

Then your blockchain goes down right but yeah I mean even looking at you know I’ve seen tons of tweets saying ethereum still expensive you know I have been experimenting with Bas and optimism and yeah there’s tons of nfts that I’ve been able to buy and trade and and uh tokens

I’ve been able to swap on base and I’m only paying 10 cents here 20 cents there you know maybe 5 cents seven cents as low um and yeah it’s way easier but people who are still using ethereum’s main L1 you’re you know I’ve seen some people saying fees of 800 they’re you

Know failed transactions losing and then you go to the you know the newer layer ones that are supposed to be competing salana goes down even amid all the hype and and the traction it was getting um makes you wonder you know can it continue to stay online and it’s still

In beta then you have Avalanche just now going down um and that’s that is you know to your point that’s part of decentralization right I mean when an update goes through all the you know the people who are securing the network and holding up the network have to update if

They don’t this is the you know the the problem you run with a truly decentralized um platforms um and then you know to your point of ENT Enterprise you know level applications being built like that’s the reason why you have to see where are these companies actually

Choosing and right now there’s not many that are actually building anything I would say of substance um in you know on a blockchain because they’re still waiting right and they’re still they’re still experimenting and testing I mean obviously you have you know some businesses that have done nft drops you

Have Starbucks and Nike that have dabbled in things here and there but nothing truly like wow you know to really wow you and say like this is it um obviously I’m a huge you know believer still in alaran and I’ve loved it and there’s been many things from

Real state to nft airline tickets to other things that have built you know on the chain and and and they say every single time you know I’ve interviewed them on our P podcast you know I ask them why did you choose alran and you know they would say it’s because it’s

One of the um you know blockchains that is ready for uh Enterprise level uh Solutions but many people in the ethereum and other uh chains out there would say well alr’s not decentralized enough right it’s too centralized and and obviously they making moves to get towards that but it’s still a very

Competitive layer One race out here in in you know and that’s why I still believe we are so early because we’re still seeing you know the the wounds and the scars and the bandages being ripped off of these blockchains and kind of you know seeing what’s really going on under

The hood yeah know I I agree with you and um the other thing I was thinking as you were saying that about decentralization I you know I I don’t even know what the perspective is or the POV of these Enterprise is if they care so much of something being totally

Decentralized like we do in crypto um and on crypto Twitter maybe they don’t really care maybe they prefer some centralization right that it’s not 100% decentralized who knows I I would I would say they they definitely they want control um you know I mean let’s be

Honest if you if you had a multi-billion dollar company uh you know you don’t want to leave that you know you wouldn’t put that on you know your your you know you wouldn’t put your business on a chain like salana right now knowing that hey if it goes down you know my

Customers the you know the people that are paying me and funding my business are they would have a a poor you know user experience so they want control I think that’s why you’ve seen you know hedera you know I don’t really know intricately how much Google and Boeing

And T-Mobile and all of those Partners really are working with hadera but you know to an extent Hader is you know more centralized maybe than certain others with that governing Council but you know at least even then that’s some decentralization between at least there is a council you know of big companies

It’s not just one or two entities it is um many so I think you know big companies they’re going to want some control over their Network and that’s why I think in the future you’re going to see you know it’s going to be a multi-chain future you’re going to see

Enterprise level things built on Enterprise ready chains and then you’re going to see more DJ and more Defi and decentralized things built on decentralized change and that’s why I think you’ll ultimately see a a true battle of defi versus centralized Finance you know you’ll have the people

In in the world who are controlling their own money and and controlling their own wallets and doing all those things and then you’ll have the other side of the aisle that says you know what I’d rather use a coinbase and use my coinbase wallet or you know my

Fidelity wallet or my bank’s you know app and just be comfortable there but nonetheless it’s all going to be on chain it just matters on which chain all right David uh great set a top thank you for joining me everyone check out the next block YouTube channel link will be

In the description as well as David’s uh Twitter profile David thanks for joining man yeah thank you and have a good day and to everybody out there make sure you’re taking profits if you’re up big because you never know what’s going to happen in the crypto markets absolutely great advice David thanks man