It was a little bit muted, so i turned it up. So welcome to today's bitcoin and cryptocurrency news. I am george happy friday. Um things are a little weird. Bitcoin was going up and up and up, and why did it dip all of a sudden so that's what i'm going to be talking about today, uh? Why did bitcoin dip? Also, a lot of people been asking me what is foulcoin all of a sudden everyone's talking about falcoin seems to have come out of nowhere, so i'm gon na discuss that and uh and other other crypto news, um, so yeah so welcome. Uh welcome everyone. Thanks for tuning in, as always smash up the like subscribe to the channel, if you are new, it is friday. I have these streams every friday, 11 a.m. Central standard time reason why i choose friday is because it's it's a looser day. People don't want to work right, so let's keep it nice and loose. Anything goes during q, a and uh and that's it let's get started all right. So let me bring my screen here: bitcoin eleven thousand three hundred and thirty one dollar, thirty three dollars – and this is pretty much where it was a few days ago and then it went up to ten thousand, almost seven. 700. I'M. Sorry, 11. 700. Almost one up to 11 700. um and then all of a sudden it's like boom like why why the sun crash why'd it dip down to 11 100, now we're back to basically where we were before overall um it's it's, not a real dip, it's it's, not A five hundred thousand fifteen hundred two thousand point dip like the old days.
This is just a few hundred points and the reason being is this: people are fearful about okay x, one one of the bigger exchanges out of asia. Um. All of a sudden, the exchange decides to suspend withdrawals now i'm. Looking at this, and the way this is worded is very confusing right, because if you look at the headlines and everyone's saying the same thing, uh look at key holder not available due to corporation with investigation. So when you like really look at this rule at a first glance, you're like oh whoever is arrested, one of the main guys they hold the key right and then you're thinking. That would be stupid. Why would one guy hold the key to all the wallets but that's? Not it? I mean this is basically saying one of the key shareholders like one of the main guys of the company, so the company just decided to withdraw to suspend withdrawal which doesn't really make any sense he could be under investigation. He could be working with uh. I don't know you know the agencies that that are questioning him right now right. There could be a number of things going on, but why do you need to suspend all withdrawals? It should be. Business continues, um as usual. So this is a very weird situation and the headlines don't help with it, which is why bitcoin dipped down a few hundred points, because we were like, oh you know – are they gon na go under? Is something fishy going on and we don't really know at this point, but it's just it's, just really weird: why why do you? Why do you need to do this like, for example, even if cz gets arrested or you know, gets pulled away from binance for for questioning right? That does not mean binance should all of a sudden just stop all withdrawals right, it's, not like that one single guy should have control over the entire company or control over any of the private keys, so it doesn't really make any sense right, but this is this.
Is the reason why bitcoin dipped a little bit, nothing really to be worried about um bitcoin has been really really really stable within the last few months, actually for basically the almost entire year and that's because of really it's helped by what's going on around the world. Uh with, of course, the pandemic with economic uncertainty with unemployment, a lot of things going on right, but one thing is for sure: bitcoin is changing, people's minds because of what's going on, and now you have not only retail investors, like average joes, like you, and i That are dollar cost averaging, and not only that you have whales, you have hedge funds, you got investment companies and now you have publicly traded companies that are coming out of nowhere, saying that they're buying a hundred million dollars with a bitcoin as a reserve currency. They have nothing to do with with bitcoin or investing or anything like that they're coming out. So my last video a few days ago was talking about that. I mean that that didn't happen before people were afraid to be associated with bitcoin right. Bitcoin was like a taboo kind of thing that you don't really want to tell other people about at least back in the day now come three years later, from 2017 to 2020, things have changed now you have a lot of companies that that's actually proud to say. We'Re, putting our money into bitcoin and and they're getting a warm reception.
Their stocks actually go up um, so i posted this a few days ago, i'm gon na bring this up again, and there was another company right after this that also bought 115 million dollars. With the bitcoin, but you could see man it's just increasing right, some of the the older players like galaxy digital from mike novogratz. We we've uh, heard about him over the years, but i mean he has a lot. He has almost 200 million dollars with the bitcoin right and then you got newcomers like microstrategy and also square that's getting involved. And then you got a lot of other players involved, ones that that run wallets and stuff. And, of course, you have the biggest one of all this. Basically, the sun grayscale that controls almost 450 000 bitcoin, remember satoshi's wallet right was was approximately holding a little bit under a million bitcoin, and that is the biggest wallet that is in existence right now. As far as i know – yes, it should be, but if graveskills purchasing continues, they're going to be the biggest whale right and at this scale, they're purchasing more and more and more not only for themselves, but also because you know they're offering these trusts that could be Bought publicly so there's a lot of other companies and investors that's also buying it, which is why this is growing so much, but man that's growing. So i mean just this alone – is seven billion dollars right and then you look at all the other facts.
You know the holders how the holders keep adding and keep holding the number of inactive addresses, keep increasing right and there's. Another statistic: coinbase their custody service uh, has 11 billion of bitcoin locked in just sitting there right. So the number of holders are increasing. Okay, uh they're, just if you look at this whole circulating just not that much i'm, not even talking about like lost bitcoins right there's, approximately about 30 percent of bitcoin is lost forever. So you look at what's, certainly out there. You got to cut out like 30 right away and then you cut out everything that's being held, and then you finally come up with a number and you realize there's just not that many it's, just not that many okay. So what is my point? I'Ve been rambling on for a while. My point is: that is why bitcoin is so stable right now, we're, not seeing. Those thousand point swings right, the volatility that that we've seen for the last three years – and that is good and bad. I guess, if you're trying to swing trade, it's kind of boring, because you can't really swing trade bitcoin at this point, but for those of us that are holding for long term uh. This is fantastic right. Not too long ago, bitcoin was still below ten thousand once it broke above ten thousand that's pretty much it now. We'Ve broken through eleven thousand that's, pretty much it it just. It continues to linger along inch higher and when it's ready it makes the legs next leg.
Up next leg up could bring us past 12 000 or it could bring us even higher than that, maybe 13 or 14 000, as it smashes through some of these previous highs. So bitcoin is definitely in a very, very good spot. So news like okay x, suspending withdrawals uh at this point. It'S, like you know it shouldn't, really have any effect at all. Even if okay x went belly up and yeah there was, there would be a lot of bitcoin and crypto lost. You know, uh. The market will move on right, but ultimately, what this means is. Yes, you got to be careful with your own crypto uh. Try not to keep everything on exchanges. If you can right leave them on a hardware wallet um, because you never know you never know. What. May happen with these exchanges right, but but this story still the story still doesn't, make any sense to me just because one of the main guys um gets arrested or brought in for questioning. Why do they have to suspend withdrawal? It just doesn't make any sense. All right uh, what else is there? Well there's someone dan taprio um, basically claims shorts will be dead. Bitcoin can face a supply shortage if institutional demand for bitcoin continues to rise. Well, i agree right, so this kind of relates to what i just said there's. So many people that's just hoarding and buying bitcoin as much as possible here's an another interesting statistic about grayscale grayscale, recorded's largest ever quarterly inflows over 1 billion in q3 at 2020, making a third consecutive record breaking quarter.
So look at this. It just keeps increasing at an exponential rate, not just like a small increase like this. This is increasing exponentially higher year. To date, investment to grayscale family products has surpassed 2.4 billion more than the 1.2 billion cumulative inflow into products from 2013 2019. So more than double i should say so think about that for in six years, 2013 2019 grayson only inflowed 1.2 billion – i say only but just in just in 2020 and the year's not over. It already doubled that so the buying is increasing. Like i said exponentially, everyone wants a piece right, so, if you're, not if you're not involved yet you're, not in the game you're not in the bitcoin game, right uh, it may soon be too late because bitcoin is not gon na stick around at these levels forever. You know in another few years, two three four five years. You know when i'm still streaming and i'm looking at the price and i'm gon na be saying the same thing when bitcoin is at thirty thousand fifty thousand hundred thousand two hundred thousand. You know it's gon na be a different story. It'S gon na be a different story versus where it is now so yeah. So i i agree. I can't say i disagree with this all right, um, so that's, bitcoin let's, move on to the other big topic, which is file coin. A lot of people have just all of a sudden.
You know they got an email or they're they're, noticing the headlines and they're. Like what the heck is foulcoin and if you look filecoin is at number 27.. Okay, it's dropped 43 from yesterday, but that's because the day before – or i should say hours before, i don't know how this is calculated, because filecoin's only been out for like a little bit over a day uh they were up 124 percent, so the actually their total Market cap is 754 uh bill, uh million they were above billion and then they you could see that's a crazy charge, just shot up and down right, so they're definitely doing well. Can they go down more? Yes, i would say so because after a tremendous like pump like that, they certainly could. But what is foulcoin well. Filecoin is exactly what it sounds like um, basically, it's, decentralized, storage, all right and if you some of you guys remember because they actually, they actually were around back in 2017 that's when they held their ico but um. So this is the. This is what a lot of people saw like yesterday: gemini uh, sent out an email saying: oh filecoin, trading and custody is live like out of the blue right it's, just one of those things just came out of nowhere and if you look there, there it's not Just gemini, like every major exchange, decide to list um, basically simultaneously other than coinbase, but you know that's coming, but binance already has a list of them: gemini kraken, um and uh others like polio, knacks kucoin.
I mean basically every every big exchange out there. Um. All of a sudden just decide to list them, but anyways, so here's here's a good breakdown but basically think about it. They'Re, a decentralized storage that's it okay, so anyone can run their own node and basically get paid for it, and filecoin is used to incentivize people to give up, storage and and create this network of decentralized storage. So the premise is, you know like right now: data centers very little data centers spread around the world that is controlled by very little companies, a few companies that basically control the world's data. So the point of decentralized storage is get away from that right, so that you could basically store your files and it gets spread out entire basic entire world and there's, no one entity or country or person that that can uh that can block it right. So that's. The whole point um but they're, not they're, not the only player in this game, there's a lot of companies that came out before that's, also in the same space, uh space like cya coin storage, um, and you could argue that that uh even like tron, is getting Involved because of bittorrent uh, i mean there's a lot of players involved right but filecoin they held, i believe, the second or the third largest ico in 2017., and the reason why it comes to mind is because oh check it out, he's wearing a lego, sweater or Uh windbreaker that's, pretty nice, so he's a lego fan um.
But the reason why i remember specifically and like in 2018, i think later in 2018, people are like how come no one's talking about file coin and how they basically pulled exit scam um because they took 200 million. They don't have a product right, so they didn't. They continue to work, execute and it's been three years and now i mean that's a lot of money right, that's, a lot of money they they seem to have really just put their head down and built something good, um and who's, the main guy, juan and bennett. He is the guy, he is the guy that actually invented ipfs. So he is someone that actually knows what he's talking about uh, at least development, wise with decentralized storage. So he actually went through y combinator, which is a very, very popular incubator setup in summer 2014. He founded protocol labs and within protocol labs. He developed ipfs and the concept to filecoin and uh he's been basically working at that for a long time and he has developed other things. Uh other protocols, including lib p2p, which i've heard of before i know developers, know what that is. I don't a modular network stack for peer to peer apps and systems, ipld data module for interoperable protocols, multi formats, etc, etc. So this guy seems like he's the real deal and he's the guy behind filecoin so seems like it's, led by a good developer, but i don't know in terms of business, acumen and stuff, like that.
I don't know how well versi is, but we will see we will see so that's the that's, the rundown for for file coin. So is it worth investing into? I would say yes after it dies down right. You don't want to get involved when it just gets listed and it gets pumped up to the moon right so seeing how it raised 200 million dollars, um in ico and now it's worth 761. um, so approximately 4x. But i don't think that's how it works, because when they raised ico they weren't selling 100 of the tokens right. They they only sold a little amount, so it's actually probably worth a lot more. I don't, i don't, know the calculation, maybe maybe it's like already 10x. I don't know the calculation how much it was. I did not invest in filecoin, so uh yeah uh who's, this guy uh he's going timeout right there zebra head welcome 12 minute delay. Well, keep in mind when i talk there is a delay ready. So i don't know how how you're getting a 12 minute delay, but anyways um, i don't know who that guy was, but i put him in timeout uh all right. So those are the two things i wanted to cover really uh. Why bitcoin dip and foulcoin, because over the last few days, really nothing uh? Nothing else, interesting. The one thing that i did find interesting, the mo the motley fool: they usually talk about stocks, but they decided to you know clickbait people because they want to draw on bitcoin people to you, know kind of just get some attention, but anyways forget bitcoin.
Here are the three stocks you should buy. Instead, these companies make for much smarter investments than a potentially flawed digital token. So this guy is basically uh, taking a stance of peter schiff right so basically trying to irritate you or get bitcoiners mad and and – and you know, look into it right, but the one. The one that he has mentioned in here before that i do agree with so those of you guys that aren't purely in 100 in crypto and you actually do have some stocks uh. So he mentions three square and then c limited. I have no idea who they are and shopify i do know who they are. Shopify in my opinion has nothing to do with crypto, but i do think that uh they're actually they're actually on to something right. Uh. Basically, you can create shops and sell anything, and if you want to accept crypto, you can so shopify don't disagree, but i'm let's just say i'm neutral. I have no idea who c limited is, but i do agree with this square right square is run by jack. Dorsey, who also runs twitter, we all know he is a big big bitcoin bull. He isn't he, he even paying out of his pocket to have this this, like kind of like a bitcoin support, team, um, yeah, so he's really into it and, of course, score recently. Just bought 50 million dollars worth of bitcoin around 4 800 bitcoin and i think that's only go continue and jack dorsey himself.
He dollar cost average. I forgot how many he buys like one bitcoin per week or something like that it's, something like that for him. It'S like more than reasonable um, but because of that big i mean square is really even though they're in digital. You know: processing uh in that space, but it's very easy for jack to just kind of like slowly transit square into a crypto payment company. Right now you could take credit cards, but you consulted crypto and um. I do think that they're they're a really good bitcoin play too, because now they do own a substantial amount of bitcoin and let's not forget. The cash app is also owned by square right, and that is generally a huge amount of revenue for square also and that's. A bitcoin play right, so i do believe i i do agree with this one. I do think if you, if you invest in square in their their shares, it is, it is a bitcoin play. It is a bitcoin play overall, a crypto and bitcoin blade, but mostly bitcoin play, so i do agree with that. Um, as for the broader market, continues to do well. You know, i think, i think, right now, it's it seems, like things have topped out a little bit. People are waiting to see what happens uh after elections right that's coming up um, i don't know what's go go what's going to happen. I don't know if the market's going to go skyrocket or or dump if either canada wins.
I have no idea, but it seems like the broader market is kind of just lingering. At this point, waiting to see what happens but uh bitcoin continues to do its thing and continues to inch higher and higher and higher and higher all right, um that's. All i have to say that's all. I have to say so. I'Ll turn to you guys: let's uh let's do some q a you know normally before i um john welcome uh. Normally, during like my non streaming hours, which is almost uh all day every day but uh, i normally don't get any calls and somehow, within this stream, i've gotten like five calls so like it's, a popular time right now, i don't, i don't, know what's going on, But anyways uh yeah there's some controversy with tron in the chat right now i think tron is fine. They'Re fine, so cardano is looking to be strong. Hopefully, people have been saying that for a while now so let's see if it uh comes true, but there's, some fierce competition out there already right so it's kind of like who's going to be on top and of course, besides who's on top there's going to be Like a second second big player, right, like with anything there's, always like two uh, you got a bigger player, and then you got like a strong competitor behind right with with um. You know with like a protocol with a network. I think there's gon na be more than two but it's kind of interesting, like it's there's, not one clear leader right now, um.
Well, i take that back clearly there's ethereum right now, um. I take that back. So yes it's ethereum, mostly because of d5, because the development base, you know the tools and stuff but let's say besides ethereum, all the other newcomers that's fighting to get top spot like cardano, like polka dot like tron like eos, like i don't know. What else is there nulls uh v chain, let's put those in there um they're all fighting right and they're all like the next generation they're, the next wave they're all trying to overtake ethereum, so we'll see who wins, we'll see who wins? I always be positive. I appreciate that uh yeah that's, you know uh, sometimes it's hard to keep emotions in but other times you know it's just you've been in you've, been through it or been in it for so long. You just kind of get numb to everything. So that could be it too yeah. You know, like um, i think my last stream on friday right because i'm talking about damn right, what you're saying about those bdc giveaway scams, because last friday, after my stream, i saw that my monetization, not that i make really anything from ads on on these streams. But um, but i said it was limited right, so i have inside contact someone that works at youtube. I'M. Like hey. Why is this going on? They double checked the video. They said. Okay, go peel it because i was afraid if i appealed something bad might happen because that's how my channel got banned before, because i appealed, but it went through okay, but i think that's, because of all these bdc giveaway scams.
That'S going on, i think youtube is, like you know, they're, i think mostly they're still operated by bots um in terms of like content, filtering and stuff like that, so they're trying to tweak it and i think, for their bots it's really hard to tell what's real And what's, not between a stream um that's talking about bitcoin news and a stream that's trying to give bitcoin away as a scam, so it's hard. Hopefully they can resolve that um. Do you agree with uh raul, pal's recent price prediction hitting 1 million? I mean he's he's, not the only person. A lot of people have said that before um it could happen um, but if it happens, i think it means that it's pretty bad if it hits a million dollars. I think um. I think you're gon na see some governments topple some fiats collapse and there could be worse things going on. So i think it's one of those things you got to be careful what you wish for, but bitcoin going to 100 200, 000, 250, 000 sure, but to get to a million plus. I think bad things have to happen. So may not be that good unless you're holding a ton of bitcoin, then i think you'll be you'll, be good. Did i ever tell you, i sold my dodge viper for cardano on v chain. Now i could rebuy three dodge vipers. Well, congratulations so sounds like you did it at the right time.
If you did it maybe a month ago you probably end up with three quarters of a viper now, but that was smart, um that's part of the reason why i sold um my ferrari 360 earlier. This year, so a couple months ago, three months ago, i sold it partly because i just want to have the cash on hand. I never drove the car. I never had a chance to really enjoy it, especially where i live so i'd, rather have that cash on hand. In case something happens right like if the if the crypto market falls, because the broader market falls or something like that, i want to have cash ready. So that's kind of why why i did it, so i have the same mindset but good for you that you did at a right time why? No one talking about old coins like polly uh loop rings? Okay, you want david, you must be out of it like one of the ones you name substratum is, is a it's done they're done, they're like they don't even operate anymore, um polymath. That project was never gon na, be good. They would go. Try to sell security tokens and without the without the support, scc that'll, never happen. I'Ve always said that i always said: polymath makes no sense. Uh, i don't know power. Ledger loop ring they're still in the game, power ledger haven't really heard much about them. Um blueprint is still involved, um, they kind of moved away from decentralized, dexes that's their thing.
So i mean some of them are just hanging around, but some of them have completely died. So david, you might want to look into some of those alts that you still hold why don't people talk about litecoin cash well, first of all, you spell light wrong it's lit because of the total money, crap that's. Why um? Did you see foul coin? Well, you missed it, you have to scroll through at the beginning. Yes, i talked about it. Half of this half the stream is about five coin, so they came out of nowhere recently because they got listed, but they've been around since 2017, since they held a 200 million dollar ico uh back in 2017.. So they definitely done well, and i like how juan is into the legos so i'm, a big fan of legos. Actually i realized you can't, say: legos. Lego is just like singular and plural, but i just don't like saying referring to lego as a plural. I didn't know that until i watched lego masters, wan chain is done. Ontology is still there strat. What is that? I forgot what strat is stratus? I think they're done. I haven't really heard anything about them: polka, dot, polka dot. I do like um, mostly because they're lead, they're, very it's kind of like i don't, want to say it's kind of like cardano, but the reason why people love cardano is because of charles right and people. Why people? Why? The reason why people love polka dots same thing, they're, led by gavin wood he's, not as outspoken, i don't think or as public um as charles.
But if you look into gavin wood he's, like the main guy one of the main developers behind ethereum and he wrote a lot of things and developed a lot of things uh for ethereum, so he does have good rapport with the ethereum community, so that's. Why they're right there like neck and neck with each other right? These two guys are trying to outdo the creation that they worked on right, they're, both trying to out i'll do ethereum, okay, david! You just it just sounds like you need to pay attention to some of these alts. It seems like you've been out for a year or two, so you need to start researching some of these alts that you hold and decide, because some of them basically have done nothing. The last two three years and some of them have – and some of them have collapsed, like substratum, which basically you know, turned out to be a total show and apologize for swearing, but it did so yeah. When does the peter shift and beat and george debate, i can't there's no point in debating peter schiff at this point we know he's just he's, just trolling, just doing it to grab more attention. I don't believe he honestly believes what he says now about bitcoin um he's, just doing it because he knows he can. He can uh stir up the pot right, stir up the pot and get people mad and and he's actually probably gaining more followers because of it.
So i i there's no point. That is why uh antholy pomp um, when he debates peter schiff, now it's like almost a joke to him, because he knows he can't convince him right. So i've seen some of the ones he's done on his podcast, where he's like drunk and he's, trying to debate him because it's just no point it's just for fun. At this point quarter caller good morning, uh bullish on chain link yeah, i don't think chain links. Could go away. I don't think it's gon na go away. I mean recently fell down to like eight dollars, something below ten dollars: i'm, like man that's a good buying opportunity. I didn't think they would fall below 10 anytime, soon or ever again, but they did but yeah chain link chain link is so unique because they're not just involved with dfi. I think people only associate with them with d5 right now, but they were created to be an oracle network for anything right, not just price data, so they're involved with several big protocol coins like polka dot, right below them, they're they're partnering up with them. Uh t t zos is partnered with them a lot of dapps a lot of dexes a lot of d5 projects. They all utilize chain link and that's, because uh newcomers in a space you know they don't want to develop their own oracle system. You could certainly develop it, but it hasn't been tested right. Can you really rely on a new oracle system right so that's, where chain link? Definitely has the lead on that, so i don't think chain links will go away anytime soon and yeah i'm still bullish on them.
T lock. You know yeah in terms of my vlog on my other channel, trying to find interesting things, but like right now. What i've really decided to do is really go all in on my automotive channel, because i realize i have very good traction with it. I mean very good viewer base. I have the favor of youtube algorithm, so now i'm spending a lot more time to develop the website, which i really didn't pay attention to getting articles trying to build that out into a destination and concentrate more on that and the social media aspect about that too. So that's what i'm spending most of my time on, besides this channel and that's, why i haven't really worked on my vlog channel. I do, but you know it's i'm, just so busy right now, i'm, really really really busy so being a full time. Youtuber is not easy work, no matter what anyone says or portrays it's. Not you end up spending more time. Um, you know working on videos, editing coming up ideas, whatever you know behind the scenes stuff than a normal nine to five job, but i wouldn't trade it for anything else in the world. What is going on with these, these bots man, i don't, know mcafee actually got thrown into jail. I mean he was. He was extradited from spain, but let's take a look i'm wondering if there's been uh any updates, so the biggest thing is um. Not only was he shilling all coins right, but scc will just find him for that.
But the main thing is, it seems, like he's, been indicted for tax evasion and something that he's been proud to boast on twitter. He would say: oh, i haven't paid taxes in years, whatever so that's. What they're going after them for and tax evasion is, as we know, uh a good tool for the government to arrest people when they can't charge people for anything else. They look at their taxes and they usually get them on taxes. So we'll see it looks like there hasn't been any any other updates since uh since about a week ago, john mcafee didn't kill himself he tweets from jail. Oh so i guess there's something about. He was he killed himself, hey t lock. I appreciate it. That'S that's a lot. Thank you. I appreciate it. Usually i don't spend 25 on lunch, but i'll take it. Uh, oh he's, still oh he's, still sitting in a spanish jail takes that long. It'S been a week and they still have an extra diet of him and the fact that they give him a phone to be able to tweet from his jail cell that's uh that's, pretty good anyways. I don't know i stopped. I stopped believing you know i for john mccaffey. I i used to just put up with his antics, because overall he was still bringing good attention to bitcoin. I got off john mcafee as soon as he declared that he no longer believes in bitcoin. That is ancient.
He compared bitcoin to model t and then he started shillings of whatever other coin um. I think some some security coin and then he got kicked out of that security coin too. So, basically, everything you know he didn't really believe in anything, everything was just a ruse and that's. When i got off the john mcafee bandwagon 100, his thing about you know: bitcoin going a million dollars it's just a matter of time, it's all math and all that stuff. That was just all fake that's, a bs on his part, and he said, oh just kidding i'm not going to eat my own dick. If it doesn't hit 1 million dollars by 2020, so yeah roger i've been testing a new rav4 i've noticed the old rav4 offered 70 more horsepower and greater towing. So why buy a new one that's, a really old rav4, the one with the v6 you're talking about um yeah? They got rid of it. Unfortunately, that was a good engine that's just their v6 engine. So why buy the new? Well, the newer one is still nicer and you have more safety features and a lot more features. For example, like i haven't really used apple, carplay or android auto until recently and um and i've started playing around with it um and it's really nice. So all these new cars, basically all have android, auto and apple carplay, as long as they have some kind of screen up. So you don't have to worry about navigation or anything like that.
You plug it in and it comes up. You could stream all your stuff um besides netflix, they won't allow you that but spotify pandora and, of course, your google maps, anything pops up, it's, really nice it's, really really nice that's the new thing. And then now you have wireless apple, carplay, android, auto. So you don't have to plug it in so that's really nice, but yeah that's, the reason that's, the reason. All these bots are showing tron don't. They realize they're actually hurting tron, like they're, actually making a project of trying to shield worse, because people are saying the project is actually hiring uh people that run bots to spam. I don't get that that just makes no sense at all. If you're towing a boat, you should not be towing with the rav4 roger let's. Just be honest there. Why would you want a doe with a rav4? It makes no sense, you'll get a forerunner, you know or get a sequoia. Then you can tow whatever you want, but don't tour, the rav4 uh. I remember you go test, drive a kia telly ride, but didn't catch. What you thought of it. I did, and i came out. The video teleride is honestly my favorite non luxury suv. It sounds good, it drives really good looks is questionable, but i think it looks good it's, big spacious, it's, quiet kia knocked out a park. I think it's better to the hyundai palisade, but with that said, when it came time for me to actually buy um a car right, because my my uh my wife's lease is over, i had to choose right the the only the only re.
The only thing holding me back from buying a kia telluride is the name kia um. A lot of people will never buy kia because of the name, kia and that's, because old, the old kias they depreciated extremely badly and because they were unreliable, it didn't matter. They had a 10 year warranty. You had to bring it in like every other week because they were just breaking left and right. So kia has a lot to prove with their new products like the telly ride. With the k5, the new elantra noise elantra, no that's uh that's hyundai um, whatever else car they have right, they all look great and they ride well. They perform well, but you don't know until five ten years down the road to see how reliable they are. They really need to prove that otherwise there's just going to be people that will never buy it and plus the creation depreciation is based on how reliable they are too. So that will help, but right now, that's that's. The only thing holding me back from buying kia, uh ocean axe, so i'm, assuming they're decks because they're listing themselves on on their own decks. I don't think anything about ocean x. They look like they're just another exchange and that's it. How to videos like what kind of how to videos john doe had my sorrento for 10 years. The problem is rust. Well, that's, a problem too we'll see we'll see i mean kia obviously turned the corner.
They collaborated with hyundai or honey, bought them or whatever and hyundai has been improving their brand for a while now so um. It could be a matter of time right matter, time uh before they really catch up to the japanese. But right now the only thing holding back the koreans. Besides just bran the brand and um and depreciation is engines too see i mean i could ban the bots faster than they could come in. So still it doesn't help it doesn't help. If you guys are trying to to she'll try, it just makes your image look worse, but anyways the engines for the telluride and other kias and hyundai's they're they're lacking right now. They i think they need to develop better engines. Do i have the cro card? No, i do not. I do not uh, i don't want to smell my crypto on anything right now, that'd be insane. Why would you want to spend it now? If you have millions and millions of bitcoin or other crypto then sure spend it, but why would you want to spend it now? So no, i would not be spending it at all jack dorsey against being about his senate. Is this bullish or bearish news for bitcoin? I, i would say it's it's uh bullish. I think they'll probably go just question them on digital currencies. I don't know what it's about but uh jack is so such a such a bull for bitcoin, uh, he's gon na get every chance he gets.
He talks good about bitcoin or blockchain or or whatever so it's it's only gon na be good file coin worth the hype. Yeah it's worth the hype, but you don't want to buy it when it's sky high like right now um. So i like the leader, juan um, i think he's, a very smart guy. I don't know about his business acumen, but he's very, very intelligent developer. He invented ipfs, which is what falcon is based off of. They taught they have a ton of treasury, so they could. Last but um, you know they shot up like whatever amount like 100, 100 or 200 over a single day. You want to make sure that that cools down before you get involved, otherwise it could still be coming down, but i do think once they level out it could be a good hold. Um there's, a lot of decentralized storage in the space. The samsung storage is actually one of the good use cases if you think about it for blockchain, but none of them have really taken off, but maybe foulcoin will one of my number one alt recommendation. I i would say number one recommendation overall is just bitcoin. Just just contract bitcoin there's just too too little to go around bitcoin scarcity keeps increasing it doesn't, really matter that bitcoin's price is not moving right now, when everyone is trying to get as much bitcoin as possible, including hedge funds and and publicly traded companies.
Now that have nothing to do with bitcoin or crypto or finance or or investments um when that's starting to happen. You know this is a. This is a big turning point, so i would say going forward collect as much bitcoin as you can. All coins will be fine. Some of them will do well, some of them won't uh they're good speculative play right, but you don't want to go too heavy into any alt anyways. You want to contract bitcoin, so that's that's, my stance, roger i'm, going to say bitcoin again, wabi is still around. Gifto is still around gifto, just basically gave up on the western market, so they kind of kind of died off. They were trying to expand wabi. I haven't heard much about them. They were still trying to grow in china, but due to coronavirus, i think they got. They got really held back um he's. Not a lot of people are shopping, especially in in asia and china, so they're both still around but haven't done much recently, no ethereum will not be my number two um yeah. My number two would be someone like chain link or v chain, so they're kind of they're kind of kind of mixed – i think v chain – has a has a better long term. Promise more of a long term play chain link is more of a short term. Play it'll, probably grow faster, short term, but v chain i think, is gon na be a lot more dominant in the future, but those two would be my tied number two spots.
All right guys, i think, that's it i'm gon na i'm gon na take off get a little hungry, but uh yeah. So, to conclude, why did bitcoin go down? Why did it dip well because of this, but this is really. This is a really weird story. I don't know why they would need to suspend withdrawals just because one of the head guys gets taken away for questioning. You know i i just don't understand it. So this is the reason why but bitcoin will. You know just just shake that off right: bitcoin, doesn't care bitcoin is too scarce, being it's, it's, uh too coveted by too many right now and there's only one place you could go and that's up and uh, and this is the time to be accumulating as much As you can before, you can, because trust me, you go watch me on a stream three years, five years from now and when i have this up, this will be at fifty thousand or a hundred thousand and then you're gon na be like okay. I should have listened to you back in 2020 and you're gon na regret, not not doing so so right now, it's, definitely a time to be constantly on bitcoin um and i talked about filecoin right. So hopefully, those of you guys that wanted to learn a little more about filecoin. If you missed the beginning, then rewind to the beginning, all right guys, thanks for uh, thanks for watching hit the like and subscribe to the channel.
If you are new stay tuned to my future videos on uh uh this coming week and of course, my live session again next friday, 11 a.