In this fast‑paced YouTube episode, Crypto Mason (Mason Versluis) delivers a daily crypto‑news roundup. He opens with community‑building calls‑to‑action, then dives into market price analysis, highlighting Bitcoin’s struggle to break $40K, Ethereum’s proximity to $3,000, XRP’s sub‑$1 status, and Quant’s $40 level. He references the overall $1.6 trillion market cap and Bitcoin dominance at 44%. Mason explains the Glassnode Stablecoin Supply Ratio (SSR) as a potential bullish signal for Bitcoin, noting a record low indicating dry‑powder ready to flow into BTC. He labels several headlines as FUD, notably Bybit’s shutdown of Chinese‑registered accounts, and critiques Elon Musk’s Dogecoin developer call‑out. The episode features short clips from Bobby C. Lee (bull‑market advice) and discusses a St. Louis Fed president’s claim that most cryptocurrencies are worthless. Mason argues Ethereum may eventually flip Bitcoin’s market cap, citing a Guggenheim co‑founder’s utility comparison and a leaked Goldman Sachs report favoring ETH. He cites Raoul Pal’s 100‑200× market‑growth forecast and highlights Ripple’s placement on CNBC’s “most disruptive companies” list due to its regulatory lawsuit. The energy‑consumption debate is addressed, with a US miner claiming near‑zero carbon mining and a comparison of Bitcoin’s energy use versus gold and banking. Mason downplays the Bitcoin Mining Council, urging attention to the Hedera Hashgraph council and promotes a low‑cap token, Suku, linked to Hedera. The video ends with standard channel promotion and social‑media links.
Chapters
What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. You guys are the Gold Squad. I am part of the Gold Squad as well. We are the gold excellence, folks. I would call you the gold standard because that would be a cool name for a squad. But we are not standard. There in— there is nothing standard about us. We are the gold excellence. Before we get into it, make sure you smash the like button, uh, and make sure you drop a comment for me. You can comment gold squad or something. Squad up in the comments. Um, but we've got a really good video today. We've got a bunch of stuff to cover. Every day is so crazy in cryptocurrency, and that's how I know we're headed for something big. Um, we're headed for something big, and this will change the world. So we've got a lot of stuff to cover today. Make sure you subscribe, but let's get into it. Also, before we start going, if you want to support me with a monthly donation so that I can keep waking up at 6 AM and doing these videos and making 8 TikToks a day and 2 live streams a day, you can become a channel member with the join button below or the link in the description of this video. Now we've got Bitcoin still struggling, struggling to, um, I don't know why I laugh at this, but it is— I don't know, I don't know why I'm laughing, but Bitcoin cannot get past $40K. It cannot get past $40K. Um, Ethereum is at $2,629. So for me, I look at two key price levels, uh, one being $40K right here and one being $3,000 right here. It used to be $60,000 and $3,000. That's how crazy this is. You see how, how Ethereum is closer to $3,000 right now than Bitcoin is to $60,000? Um, because I remember Ethereum soared past $3,000 while Bitcoin was struggling to hit $60K. We've also got XRP still below a dollar. So what I'm doing right now, if you want to know what I'm doing, I'm doing what I always do. I am chilling. I'm looking for some good buys. If anything drops below, um, some kind of key price, I will be picking some up. Zinfand does look like an insane buy right now at 5 cents. Um, I want to check our, our baby Quant right here, even though Quant is not a baby by any means. It's more of like a grandmother figure. We're hitting $40 right there. Um, so we did have that huge run-up and then we dropped down. So that's what's going on with the markets. We're at a $1.6 trillion market cap. Uh, Bitcoin dominance is at 44, so we climbed back up. We took a little dip right there. Um, so it's climbing back up, it's climbing back up. We were on a steady downtrend since January 1st. We didn't stop going down at all. I guess we did right here a little bit, but that thing was downtrend. Um, we checked the social listening charts right here. We see HODL coin. Basically the top 10 is filled with some shitcoins. Um, coin of the day is Ethereum Classic. Not really a fan. I would rather hold Ethereum. Now let's keep it moving right here. Lex Moskovski is, uh, saying that the stablecoin supply ratio is hitting a record low, so there's lots of dry powder on the sidelines. What he means by dry powder is like funds and cash ready to be dumped into Bitcoin. So here's the chart from Glassnode right here. This is the SSR ratio, and when this gets low right here, when this gets low, the current stablecoin supply has more buying power to purchase Bitcoin. So this could be taken as a bullish indicator for Bitcoin, like a semi— just, it doesn't mean a lot, but it means a lot if you know what I'm saying. Um, this means basically that there's a bunch of funds being ready or, or ready to possibly dump into Bitcoin. Now here's some FUD right here. We've got Bybit to close all accounts. By the way, the reason I put the FUD in there is because reality isn't FUD. Shout out to Mr. Whale for that quote. Reality is not FUD, okay? If something is really happening, that's not FUD. So Bybit is closing all accounts registered to Chinese phone numbers on June 15th. So basically this stupid China ban, we know it's actual bullshit, the China ban. It is having a ripple effect. And I guess Bybit is now shutting all Chinese phone numbers on June 15th, even though Bybit is an exchange based in China. They're shutting it down. I don't know. That's some, some weird FUD right there. Here's the original tweet from Wu Blockchain right there. Keep it moving. We've got some dumbass Elon Musk stuff right here. He says, if you'd like to help develop Doge. So he's trying to get Doge developers because there is none, probably. And we've got Dave Lee right here, um, questioning IOTA. Like, he's saying, what's your thoughts on ETH 2.0 and all of these real coins, right? All of these real coins. Elon replies with, Doge has dogs and memes, whereas the others do not. Like, this dude is gone, so far gone. And then Dominic Scheiner, co-founder of IOTA, says our memes are feeless though. And he's talking about that Tangle, that Tangle algorithm or the Tangle protocol. I don't know what to call it. Blockchain, and then you've got Tangle, and you've got Hashgraph. Tangle network, I think, would be the right term. Now we've got Bobby C. Lee right here, who's the founder of Ballet Crypto and a bunch of other things. He says that bull markets never end on panic selling. They end when the market runs out of steam. This makes sense from a common sense level. Let's watch this short clip right here.
No, this is, this is not it. This is not, this is not the end. Don't sell during a panic. If anything, if you want to sell and take some money off the table, you should sell it on the way up. So, so remember, bull markets never end on panic selling. OK, think about that. Bull markets never end on panic selling, rather, or other news events from regulatory things. You know what happened last week? Rather, they end when the market runs out of steam. OK, so, so because of this price correction, this is a normal price correction for Bitcoin. It's not, it's not the end, certainly not the end of the bull market. I think 2021 will be the year of the bull market.
So he definitely is very bullish by the, by the looks of it. Um, okay, so let's move on. We've got St. Louis Federal Reserve president saying most cryptocurrencies are worthless. He says most of the assets are worthless. We have a couple of thousand of these around. It's not a couple. It's not a couple. Look in the top left of your screen right now. 10,046 cryptos. Um, most of them are worthless. So I think for the most part, people are going into this with eyes wide open. They're certainly not blind to the idea that this is a volatile area. So, I mean, we know that most of these are worthless. Most of these are useless and will end up worthless. We know that. Um, and we are in, in my opinion, we are in the correct cryptocurrencies. If you've been watching this channel, you are invested in the correct cryptocurrencies because yes, there are correct cryptocurrencies. In my opinion. Now, Ethereum. Okay, so Ethereum is like— it looks to me like they are setting the stage for a flipping. Now, I am a huge, huge supporter of Ethereum's market cap flipping Bitcoin's. Now, I don't know when this would happen. Nobody can ever predict that, but I do see it happening, honestly, if I'm being honest. Because look at this: the Guggenheim co-founder Todd Morley says Ethereum has much higher utility than Bitcoin. Basically yesterday we had the leaked Goldman Sachs document, right? The leaked Goldman Sachs report basically praising, uh, Ethereum over Bitcoin as well. So it looks like the stage is being set. I mean, it could happen, it could happen. As I've said multiple times, if that does happen, immediately call me Crypto Mason Moon Boy 100x. Just Rename my channel. I think I'll rename my channel that— Crypto Mason Moon Boy 1000x— because all of my coins and all of your coins, you should be extremely bullish. Because what would happen is a psychological barrier, um, which is Bitcoin always being the king, would be broken, and any coin can now go to crazy heights. So the Guggenheim— if you don't know what this Guggenheim is It is an investment and advisory financial services firm. They have $270 billion assets, dollars in assets under management. We have Raoul Pal right here saying 100x to 200x growth is coming to the crypto markets, and we love this. He says, I don't think this is the top, just interim large correction right here. And he compares, uh, BTC now versus 2013. As you can see, the white line here, if you look on your screen, the white line is, um, the Bitcoin current price, and the, uh, 2010 to 2013 is right there as well. So on the, um, is that the y-axis? I don't know these graphs. The y-axis, um, or the x-axis, you can see the current price being measured against the 2013. And then you've got 2016 and 2018 right here. And on this one, this is the 2017 one. Look where we would be technically. We would have like about halfway still to go, which is crazy. Um, moving on, we've got a list from CNBC of the top 50 most disruptive companies. Yes, Robinhood is number 1 Stripe Discord. But watch this, watch this. If we go to number 38, we find Ripple is right there. And the reason they made it is very concerning and interesting. It says making waves in crypto regulation. That's the reason Ripple is the most disruptive, the 38th most disruptive company. Because they're making waves in crypto regulations. Wouldn't it be that they're, um, revolutionizing banking or cross-border payments? Wouldn't it be one of those? Hmm. So I do think that a major, major thing will come out of the Ripple XRP lawsuit. Um, they, they listed it as, as, um, see, all of these are, are actually, if you read through what these are they actually list them for what they're doing, but instead they list Ripple as making waves in crypto regulation. Very interesting right there. Um, here we can defuse some of the Bitcoin energy FUD right here because I'm about the truth, folks. The truth is some of the Bitcoin energy stuff is BS, but there are greener alternatives and they should be used, in my opinion. So a USA-based Bitcoin miner has said that they produce almost no carbon when mining. This is DGI. 90% of the energy consumed, uh, by Digihost is from sources producing zero carbon emissions. Over 50% is from renewable sources of energy. And then they list a couple more firms that came— or, uh, mining people that came out and said that as well. Now Here's the graph we need to see. The estimated annual energy consumption, right? This is Bitcoin, this is gold, and this is the banking system. It's almost double. Um, so the banking system is huge energy consumption. Now clearly Bitcoin is better than gold and it's better than the banking system, but I'm about the truth, folks. I'm always going to give you both sides of this. There are ways that you can implement stuff into this banking system that will make it greener than all of this. You'll make it, you'll make it on a 30 scale right here instead of, what is it at, 260? You'd make it on 30. So I mean, Bitcoin is better than them, but there are ways we can just improve this if they wanted to, right? Or we can use Bitcoin, which I'm down with as well. I'm a big supporter of Bitcoin. It gives the power back to the people. It is an idea that can't be banned. I love it. I love that whole side of it, but I also love making wealth off banksters. So the Bitcoin Mining Council is to be formed to promote energy usage transparency. So basically, Michael Saylor, right, he owns like so many bitcoins. Michael Saylor is, is the king of Bitcoin. He's teaming up with Elon Musk and they're making the Bitcoin Mining Council. Now this is absolutely not the council you should be paying attention to. You should be paying attention to the Hedera Hashgraph council, um, instead of this mining council. Now we've also got Hashgraph shouting out Suku right here. They shouted out Suku. Um, Suku was a hidden gem that we found on one of our Twitch live streams. It's right here, it's 38 cents. I might have to buy in on this. No guarantees, but we found it around up here when it's at 50 cents, and now it's on a, on a nice dip right there. It's a small cap, so be careful, but it is connected directly to Hedera Hashgraph. But that is all we have. Thank you so much for watching. Make sure you hit the like button. Join us for live streams on Twitch. The link is in the description. Follow my Twitter, Instagram. I love you all. Thank you all for subscribing for this daily content, and goodbye.
