High of twenty thousand dollars now i've said this a million times and i'll say it again. The party has not started yet i've gotten zero texts, zero calls and absolutely no one. I know from the real world has decided to take notice of what's happening in crypto land just yet buckle up, because this ride looks like it's going to be a ridiculous one, but it's not just about bitcoin today, because, as always, the altcoins are exploding in bitcoin's. Wake this is how this industry works and why exposure to all coins is absolutely the most profitable strategy to have, if played correctly here in crypto land, and so today, we're going to be going over some altcoins that have been exploding and a new micro cap. All launching in the next few days, at just 250 000 market cap that i have my eyes on to do some serious exes. So if you guys are excited for this episode, do me a favor. You know the drill smash that like button and remember as always, each and every comment on this video is entered to win your very own ledger nano s, but today, we're gon na be giving away that ledger nano s for the previous entries, but have no fear Your comment on today's video is entered to win on the next giveaway with that said, let's dive in once again guys, thanks for bearing with me, i have rugs and sound paneling it's all coming, and i can get back to using this microphone right here.
But until then we're on the headset mike – and i know you guys don't care – you want the information that's what matters. So i appreciate you rocking with me and let's dive into this global bitcoin fomo taking place. The news seems almost never ending here with blackrock chief investment officer, saying bitcoin will take the place of gold to a large extent, we've been making the case on this channel that bitcoin's market cap should be at parity with that of gold, bringing it to over. Four hundred thousand dollars per coin now, if that happens, of course, i believe the fomo will push bitcoin much much higher regardless. What we're seeing here is the beginning of a fomo cycle, the likes of which i believe we have never seen here in crypto, land and it's, starting with the biggest money bags in the entire world. We also have celebrity rapper logic entering the ring as well. This is going to be a continual source of news, as celebs tend to be a little easier and more fomoy than your traditional investors, so they'll be jumping in left right and center, like we saw on the last bull run, but don't. Let this fool you. This news is more fluff than substance, but it's good to see. We also see here exiting sec chairman jay clayton, and he believes that bitcoin is catching on because it is bringing out inefficiencies in current payment rails, meaning that he views bitcoin as a means of payment, which is extremely big because compared to the market cap of gold.
The market cap of all actual currencies or payment methods is orders of magnitude higher to the tune of eight to ten times higher. So what you would see here is if bitcoin occupied the market cap of both gold, as well as fiat currencies, obviously i'm, not making a case. It will fully replace fiat. But if it did start to eat up that market cap, it would go orders of magnitude higher than this six figure prediction that we have it's a little bit mind blowing, but that moon math is certainly on the cards. Given what we're, seeing as far as global fomo around this asset topics, one is cryptocurrency which has been on your watch um. You haven't necessarily approved it uh for for any real market making uh opportunities, and i think there were a lot of people, hoping that you would. I want to show you a tape. I talked to jamie dimon yesterday, obviously jp morgan's gotten behind crypto. I think there were a lot of people who thought that he might also be a supporter of bitcoin and he said that he wasn't because of this. Let me play it for you, my experience with the government is they can regulate whatever they want when they feel like it, and you know, bitcoin is worth 200 billion dollars, something like that. If it gets bigger and bigger and bigger, it will be regulated. So what do you think? Will they well you you didn't! Well, let's put it this way andrew.
We did not regulate bitcoin as a security um, when people use crypto assets as securities to raise capital for a venture. The sec regulates that and what was happening in the ico craze was people were using icos and essentially making public offerings of securities without registering with them. With the sec we determined that bitcoin was not a security. It was much more a payment mechanism and stored value, but the government does the government does regulate payments and what what we are seeing is that our current payment mechanisms domestically and internationally have inefficiencies. Those inefficiencies are the things that are driving uh, the rise of bitcoin and other stable, i won't say stable in the case of bitcoin, but but driving these types of digital assets and we're going to see more of that and we're going to see. I think we're going to see this mature and we're going to see more regulation around the payment space. So you see there jay clayton kind of dodging the question as to whether bitcoin would be fully regulated here. Obviously we know regulation brings clarity. It brings the bigger money bags in. I believe that this is honestly much more bullish than it is in any way bearish. Of course, we all know that regulations are going to evolve. However, this to me means that they're seeing it as a means of payment as a store of value, and that means that they are recognizing its potential going far beyond gold.
Again, i see this as very, very bullish. Again, sweeping regulation is possible, but i highly doubt that this is going to kill the party and here's blackrock cio rick ryder, explaining exactly how he sees bitcoin um before you go. You alluded to the the distinction between what's happened with the price of gold and bitcoin and, and you said that you think it's moving towards bitcoin. Is that a a long term trend? Does that mean you're a bitcoin bull? I asked because we talked to jamie diamond earlier this week who, despite jp morgan, supporting crypto in a very big way and actually bitcoin to some degree um on bitcoin itself. He seemed to think it's still very possible if it ever really reaches escape velocity and maybe it's getting closer as it. It passes, 18 000 uh per bitcoin that the government actually would try to regulate it. So andre i mean, i think, listen. I think cryptocurrencies here to stay, and i think it is a durable and you've seen the central banks that have talked about digital currencies. I think digital currency and the receptivity, particularly millennials receptivity of technology and cryptocurrency is real. Digital payment systems is real, so i think bitcoin is here to stay. I think you know i do am i have a bitcoin bill. I mean i don't do a lot of it or actually any of it. In my portfolios, my uh my corporate portfolios, my business portfolios, but do i think it is probably i you know it's hard to say? Is it worth the price it's trading on today, but do i think, it's a durable mechanism that that you know do, i think, will take the place of gold to a large extent yeah.
I do because it's so much more functional than than passing a bar of gold around and uh and by the way, the tracking, the way you can track what rick failed. To finish in saying, there is that, yes, bitcoin is superior in many ways: it's fungibility transportability, it's tracking, its clarity, it's transparency. These are amazing, features that absolutely no other asset on earth has achieved and so we're seeing here, he's not worried. This is the chief investment officer of blackrock, one of the biggest hedge funds in the world, he's saying it's here to stay. We know that to be the fact – and so this kind of nudging by cnbc to try to come up with some reason why bitcoin will have a black swan event again. Just shows you how there's all this effort to try to discredit something that is clearly superior in every way and we're, seeing the rhetoric out of the sec one of the biggest regulatory bodies for stuff, like this and they're, saying yeah well, it's, not really regulatable. Right now, there's other stuff that we want to crack down on, but not bitcoin, and so we see as bitcoin plows the way forward. We will see in this decentralized world in amazing, flourishing of liquidity and an economy that will develop on its back in the form of altcoins. So with that said, let's dive into the altcoin analysis, because things are really heating up in the altcoin space.
As i told you, they would right before this month started. I said november was going to be an absolutely magical month for alts, and it has been nothing short of spectacular. Of course, i do want to mention quickly that mike mcglone from bloomberg, who has flipped into a massive bitcoin bull, saying that 170k is his target for the top of the next cycle. We'Re gon na have him on the channel next week, so get excited because mike is an absolutely brilliant fellow and as well as a very good friend of the channel. So i hope you guys are excited to have mike on uh he's been coming on for a long time, and this is way more bullish of a prediction than i've ever gotten him to utter on camera. But let's see if we can fix that next week. So get excited for my interview with mike next we have thor chain. Roon we've been covering this thing, since it was, i think, about 30 cents back in august, but look at it. It actually hit a dollar. Yesterday we covered again earlier this month when it was back down to 40 cents over a hundred percent growth out of thor chain, one of the best projects that actually does d5 touching layer, one bitcoin as well as interchange, swaps, native swaps, very cool project check it Out definitely want to have it on your radar again octo this decentralized oracle solution that we were covering at six dollars in october now, over 600 percent growth here sitting at 37.
The octofam is in full stride right now. I think it's that all time high, if i'm correct, yep it's pretty much an all time high right now, and so congratulations to the octofam, if you guys were in on that again, it's, not the end it's just the beginning. There are many more amazing altcoins, coming and that's why we stay so hungry for new projects on this space, because if you miss a train, you don't need to fret you don't need to fomo. You need to understand that in this climate, with bitcoin escalating to hundreds of billions of dollars in value, potentially one trillion dollars in value in the not too distant future. That is going to open up floodgates for smaller projects to experience absolutely life changing percentage growth with moving from 1 million dollars up to 100 million dollars, maybe even a billion dollars. A billion dollars is just one one thousandth of the market cap that bitcoin would hit. If it hits a trillion dollars, you got ta understand. The math here is very much in favor of altcoins doing insane gains and that's what we're, seeing and that's why i stay so hungry for the new hot altcoins in the space, because i believe that that is the winning strategy. Just my strategy, not financial advice. Of course, i encourage you guys to always do your own research come to your own conclusions and, of course, learn to find these things on your own that's, the most powerful strategy you can have.
That said, freeway token also made a nice pump back here. Getting up here to 0.006, we covered it at 0.0015, so literally a 400 growth still from where we covered it, even though it was all the way up to a penny at one point, uh before dumping here we're going to have the team from freeway token on For a little bit of an ama so prepare your questions, fire them in the comments section below and we'll make sure to get them answered by the team themselves. Anything you want to know about albert and the freeway token we're gon na have them on the channel to explain a little bit about what's going on in the near future. And finally, we have truss swap here, who's actually been performing really well. They got up to about 37 cents here and they've had a little dump here, but they've charged back and, as you can see, they've been really uh recovering here from what was an insane sort of amount of fomo that drove them up to about a dollar. Fifty here um, but the reason why they're pumping pretty hard is that they are actually working on an acquisition and they haven't actually disclosed exactly what this acquisition is yet, but, as you can see, they have an acquisition coming and if you guys are excited about albert, Remember albert was actually a project on the trust swap launch pad. The reason why i really liked trust swap in the first place was the idea of a decentralized launch pad where the best tokens were coming through and you needed to hold that swap token to get access, and this is starting to really become a fulfilled reality.
Trust swap did have this incident where hatchdow came through and exploited their brand to sort of create an exit scam, and i think they've recovered really nicely from that. They'Ve really been putting a lot of work and effort into just getting this launch pad delivered in the form that it needs to be delivered. This project coin actually looks really solid, coming through the truss swap launch pad and again uh. The more really good projects coming through the launch pad the more value to that swap token, and, of course, if they're doing an acquisition of something that could make this launch pad even better i'm. Wondering what's going to be this case. But it's got people a little bit excited here and so that's what's going on with this trust, swap bullishness over the last sort of week or so, as you can see on the seven day chart you can see they have this uh huge spike from 27 cents. All the way up to almost 40 cents right, so that's a pretty big pump there, and now you can see they're trying to find a little bit of a middle ground here, and i took a very small position in uh this particular coin 88 mph and the Reason is, it was called out by uh the real ll capo de tutti and uh. This one essentially is marking to me the beginning of yet another yield farming mania right as d5 mania returns, so will the yield farming mania? I'M.
Gon na be honest with you guys, i haven't had that much luck with yield farming tokens. I famously missed my entry into yfi at uh, just under five thousand dollars, and i never really got you know a tremendous amount of luck with other yield farming tokens, and so you know i tend to think that they pump and dump pretty hard. So they kind of stay away from them because i'm, not sure which fundamentals truly matter, but supposedly this 88 mph project allows you to you know, earn a fixed rate interest on certain coins as well as they apparently have a grant from ave as well as they Have potentially more grants from leading d5 protocols there's some interesting stuff going on here with 88 mph again, this one has recently exploded and done. You know quite a bit of growth. Let'S go ahead and show you here, yeah it's and, as you can see, this thing has done some pretty significant growth here. It'S shot from you know about one all the way up to 35. But to me this shows you that these yield farming protocols will probably make a big comeback, and so, as d5 mania returns, so will yield farming mania and even though it's not my forte i'm starting to brush up a little bit. Because i think that this could be an easy place for some gains right, and so this is what i'm looking at i'm seeing the writing on the wall here.
Another retro yield farming uh protocol here, that's doing insane growth um at the end of 2020, and i think this is a harbinger of things to come here. So we'll see what happens with 88 mph i'm, not in big i'm in just a little bit just to get a little taste here, because this, like i said before, it's, not my forte um, but to me it's a sign right that you're gon na see these Retro stylized yield farming projects make another charge back that's. My prediction. I also wanted to touch back on this on union, because when i did this episode on union unn, i hadn't quite figured out that essentially all of the pre sale tokens were immediately unlocked. After the token sale had occurred, and i got a lot of pushback in the comments after doing this interview with the founder, which i like this protocol, i think insurance is smart. This is one of the sort of more legit new insurance platforms, that's coming to the space um, but as far as the tokenomics, i actually brought this to the team and so they're going to institute some locks on these initial token sales, the pre sale tokens. I actually have some pre sale tokens i assumed they were locked because most pre sales are locked at the beginning and they get leaked out in small amounts, and so i actually told them – and i said, look i'm happy to lock my tokens.
I just want to make sure that the retailers, if they jump into this token, sale that there's just not all this, you know instantly multiplied liquidity that could dump on them. They were actually really receptive to it immediately brought in a lot of people, and i believe that they're going to be instituting some locks. I just wanted to show you guys that when you guys speak – and i have the ability to try to help make something – a better situation for everyone involved, i'm really happy to do that, and it makes me more bullish on union the fact that they were receptive To this and that they wanted to do the right thing by their community, so this type of stuff makes me bullish, i'm excited, and i just wanted to give you guys that update finally we're. At the token, this micro cap, that i was talking about at the beginning of the episode spider dao, which now has support as you can see, from polka dot, and so this is my next sort of micro cat pick, because i think that this thing could do Some serious x's, given the fact that it's, starting at a 250 000 market cap 250k market cap, it is an extra extra micro here, and so if this thing gets any hype at all, i think it's going to do some serious gains and that's. Why? I think that this could be a really good opportunity. I don't know what the long term vision is for it, but we're going to walk through this project right now.
I think that at least for a short term hold – or at least you know, riding it up a little bit right at the beginning at launch, and then you know protecting your capital. I think that that could be a pretty slam. Dunk type situation here, because a 250k market cap dow that actually has a hardware play a hardware element and some unique attributes about it. With support from polka dot. It seems to check a lot of boxes here, right and so spider dao will be underpinned by the polka dot governance mechanism, allowing us to combine on chain and off chain governance tools. We aim to bring a new standard of fairness to existing dow frameworks by bundling multi layered hardware and software tools on top of polka dots. So let's dig in here a little bit to what spider dial is, as they are a producer of hardware vpn, so they're, backed by the spyder vpn, which is actually a hardware based vpn. I think they're going to be shipping me one so i'm, going to check it out and yeah it's. Essentially a vpn play it's, not really a lot of users right. 6. 400 users is not a lot, but in crypto you know, it's, not nothing right. So they're, essentially the first hardware based dao and they're, excited mainly because they've gotten the support from polkadot and kusama right, which is a huge nod in this modern bull run. Polkadot is one of the hottest topics of 2020 easily, and so, as they say here on the development front, the first service in the spider down ecosystem will be the spyder vpn.
It combines the hardware dow concepts with their existing vpn business. They have a pre existing business here and secondly, the token economics are an essential part right, starting this at a 250k market cap is kind of the juicy details here, because it does have some fundamental strength here: i'm, not gon na, say it's like that fundamentally strong. I don't really know how big the vision is, but i just think that you know in this climate right now, with all coins is really hot, with polka dot. Really hot with dows and hardware plays, are very interesting and it's a differentiator. I think they've got enough that i could see this thing making it to. You know at least a two million dollar market cap, or something like a one to two million dollar market cap and that's, almost a 10x guys that's, almost a 10x. If this thing gets it just to a two million dollar market cap, so this is the micro game right and on that way up. Obviously, if you end up with a 5x or something off the pop, you want to protect your capital and that way, if this thing dumps down again you're you're protected right, because this thing is going to be super volatile anyway, there's, not too much information here. They have their hardware, they have their polka dot integration and they're at dow, and i think that they're launching with the tokenomics that are going to be very favorable to those early buyers.
So so this is my next micro cap that i'm looking at. If you want more information, you can check out their twitter and follow for updates and their telegram the links for those are going to be in the description of this video again guys, because i always get this question. This is not a sponsored review. Nothing like that. I just try to find coins that i like that, i think, have upside and present them to you with time enough for you to make actionable decisions based on this information again, not financial advice, just what i'm doing i'm gon na be getting involved in spider, dao And seeing what happens now, as promised before we get out of here, we're gon na go ahead and give away this letter nano s so we're gon na take the last 10 videos generate a random number number. Five go to our channel count: five videos back one: two: three: four: five best bitcoin price predictions revealed we'll go ahead and we'll get this url and let's go to our random comment. Picker, get these youtube comments and go ahead and select a winner and danny c says: solid. Danny go ahead. Hit me up on telegram or twitter we'll go ahead and confirm your identity and get you that legend os again, if you guys did win, feel free to enter, leave a comment below and you'll be entered on the next giveaway, and i wish you all the best Of luck in that regard.
Well, if you guys got some value out of this episode, do me a favor and smash that, like button turn that little thumb blue help me obliterate this, like it's, a great free and easy way for you to support the channel and, of course, remember that if You want to be made aware of the most undervalued coins in the entire space coins. Like octo coins like roon coins like spider dao before they come out giving you the edge in this entire market, then all you have to do is subscribe and put that bell. Notification on and that way, you're made aware of every single coin that i find valuable before it comes out before it comes to market and if that's a value to you guys, i sincerely hope you guys subscribe and put that bell on as usual. If you want to connect with me personally feel free to follow me on twitter or join my telegram group, the links for both of those are in the description. We have an amazing community, almost 22 000 strong on twitter and over 11 000 on telegram and growing. Those communities are absolutely awesome, you're, definitely going to want to get involved for the latest and greatest all coin discussion. As usual, my name is elio trades. Thank you guys.