Electroneum - What's In Your Wallet?/Bakkt

Hey, you all, welcome back to the channel. And guys, today I want to talk a little bit about some thoughts on some earlier videos about how I was starting to really look at Electroneum as taking the place of Bitcoin. And I just found it kind of interesting. I was reading this article here on CoinGape. And it's speaking about Bakkt. Bakkt ready to lead a big leap in crypto evolution with regulated exchange and custody services. So I thought about custody services and these custodial accounts that we're hearing quite a bit about. And Bakkt is actually owned by the same company, the NASDAQ's parent company known as the Intercontinental Exchange or ICE. And that's all very interesting because basically what Bakkt is looking to do is take cryptocurrency like Bitcoin, use these custodial accounts to where now people can hold Bitcoins in their 401(k)s, insurance companies can hold Bitcoin. And so it's like earlier what I had, how I had envision what type of things would have to happen for cryptocurrency to really be mass adopted and really reach these levels that many of us speculate they could reach. But unlike the stock market, stocks, bonds, and various securities, Bitcoin and cryptocurrency weren't fully regulated. They weren't integrated into many of these services where everyday life people are invested automatically into the stock market without having to understand it or know anything. And so Bakkt is kind of bringing that now to cryptocurrency. Now, the reason I found this significant, I'm not a big Bitcoin enthusiast. You all probably know from my earlier videos that I kind of just said, hmm, Bitcoin, When it first started, that was great. But what's happening with Bakkt, what Bakkt will be doing is they will be issuing a type of Bitcoin future. And I know a lot of people go, Bitcoin future, we already have those and they were horrible. But these are a little bit different than the Bitcoin futures we got on the CBOT. Chicago Board of Trade. These futures are settled in Bitcoin. Now, in order for a contract to be settled in Bitcoin, that means the person on the other end of the contract would have to already hold the Bitcoin, which, which means that it's going to require for them to go on the market and buy Bitcoin, which translates to the price of Bitcoin goes up. Now again, even though I'm not a Bitcoin enthusiast, I do believe in that this could spark a bull run. And because of that, in many cases, the altcoins are going to feel the effect and be brought up as well. And the thing about when it happens with altcoins, it's very much more exaggerated, right? So you're going to have big gains and leads. And this kind of goes back, in my opinion, to the view on, uh, my view on, uh, what's going to happen with Electroneum. Now, uh, the article goes on to speak about, uh, the time frame in which these are things are expected to happen, uh, November being everything getting, uh, set up and on the road, and December finally getting approval from the CFTC. So, um, this approval from the CFTC, uh, with the head of the CFTC now, Giancarlo, who is very much pro-cryptocurrency, uh, he's probably the most pro-cryptocurrency person in regulation, uh, and so, uh, it's probably, in my opinion, very likely it will be approved in December, uh, which means, um, with them having to hold all these Bitcoins, I wouldn't be surprised if they're all— they're going to start loading up on Bitcoin just based on the possibility going through the CFTC that this is going to get approved, that they're going to be buying a ton of Bitcoin, you know. And now relating this back to Electroneum, which is very important, you know, since everything that's went on with Electroneum, and although I've spoke a lot about Electroneum, uh, eventually breaking away from Bitcoin being its own thing. The reality still at this point in time is that the altcoins are going to follow Bitcoin up, the entire cryptocurrency market as it rises. We're going to have that effect. And why I think this is so very significant, guys, we haven't had a chance to really see what Electroneum could do yet in a bull market, right? We've only gotten to see with all the great things that's been happening with Electroneum, We've only gotten to see it happen in a bear market. So it would have been very much more significant if it happened in a bull market, but it's doing great how it is. It's holding, it's sustaining very well. It hit that 2 cents, it didn't go back down, it didn't look back. And so I found this very interesting, guys. And so what am I saying here? What is my opinion? Not financial advice. But if you're holding Electroneum, you should keep holding it. And, uh, this is an indication for me personally to start back on a buying frenzy. So, and Electroneum, again, I'm not a big Bitcoin person, but I, I do think it's going to create a trickle-down effect for the altcoin market. I hold a little bit of Bitcoin, but again, Bitcoin is not really my thing. But, uh, speaking to the Electroneum community to let you all know, this may be an indication that this is definitely the time to either be holding more Electroneum or buy more, specifically because I believe the price of Electroneum will possibly rise up as the rest of the cryptocurrency market begins to rise up. It missed this news. So that's my opinion, not financial advice. Always do your own due diligence and, you know, make sure you do all the research possible. And then I also want to just end the segment with, you know, what's in your wallet, guys? So this is more— this is less about, you know, it's more me asking you all what type of coins you are holding. I would love to hear what you guys are holding besides Electroneum. That is because if we're starting to look at if Some of you guys are in agreement with how my thought process is looking at Electroneum. And if you're starting to look at Electroneum as kind of our type of Bitcoin, it's probably going to be things traded against Electroneum, as Electroneum would be our pillar, our stability there in the cryptocurrency market if things are trading around it. What are some of the coins you think you would trade against Electroneum, much like how we trade many things against Bitcoin? What are some tokens that you could see yourself holding that you would trade against Electroneum? And please let me know in the comment section, like, if you have to pick one. To be honest, guys, at this point in time, to be completely honest with you guys, I am— I've become very much, uh, you know, uh, careful with many tokens, many altcoins, right? Um, you know, I'm definitely gonna hold some Electroneum. I'll always hold a little bit of Bitcoin, but I'll hold more Electroneum than Bitcoin, that's for sure. But as far as these other tokens and coins out there, there are a few that have potential that I like. I'm not going to get into them in this segment, but I'd love to hear you guys' opinions. There are a few out there that I think could do pretty good. I, you know, I'm still very much pro BitTube because I think BitTube has so much room to grow. It's so easy to use. I could see people getting on that. And BitTube has broken 10 cents, and it's, you know, it was well under that. It was— when I first got involved with BitTube, I remember it being like around 3 cents, and that wasn't very long ago. So there's a lot of room to grow. I love BitTube. I do love some social media networks, and I love the centralized exchanges. But I would very much love to hear what you guys are holding. What do you think is What would you trade against Electroneum? Guys, that's all I want to say in this video. And guys, if you like content like this, don't forget to like, subscribe, and until next time, take care.