WHO vyhlásila rychle se šířící epidemii opičích neštovic za celosvětově ohroženou zdravotní situaci

FIRE System
We put all opportunities through our FIRE System. This system evaluates each idea through four criteria and rates each category as Low, Medium, or High. Generally, we look for higher future potential and higher income, with lower risk and lower effort. Of course, each opportunity will differ.

The Crypto FIRE System – Cosmos (ATOM)
Criteria Comments Rank
F Future Potential 👉 Cosmos is attempting to solve some of the biggest problems in cryptocurrency. Its network and framework make blockchains interoperable, scalable, and instant. High
I Income 👉 The return on ATOM can range from 7% to 20% based on a number of factors. As of this report the yield is around 12%. Medium
R Risk 👉 While the Cosmos team has been building for over four years, the Cosmos mainnet has only been live for a few months. High
E Effort 👉 Staking ATOM tokens is a straightforward process. Most of the work is in setting up your stake. After that, minimal time is required.

So how do we value Cosmos? By comparing it to its closest competitor, Ethereum.

Now, Cosmos launched five years after Ethereum did. So it has some catching up to do. But just like how we have more than one credit card issuer, we think there’s plenty of room for more than one blockchain development platform. Being bullish on Cosmos doesn’t mean we’re bearish on Ethereum.

Think of it like investing in MasterCard and Visa. Owning shares in MasterCard doesn’t mean you believe Visa is going bust. In fact, smart investors would own both companies, since they’re the most widely used cards in the multibillion-dollar payments industry.

The same will likely be true of the crypto finance space. I believe it’ll eventually become a multi trillion-dollar industry. There will be plenty of room for winners. So it makes sense to own what we believe to be the best players in this space.

Now, let’s get back to our comparison…

Currently, Cosmos’ market cap is $1 billion. Based on its growth and expansion, we project it’ll grow to at least half of Ethereum’s current $48.5 billion market cap…

If it does just that, its market cap will grow to $24.25 billion – an 2,325% increase from today.

But remember, Cosmos has a countdown clock. When it hits zero, its rate of inflation will drop 43%. That could propel its market cap significantly higher. Under a “blue sky” scenario, Cosmos could be worth as much as $250 billion…

If that seems outlandish, please remember when I first wrote about Ethereum, I said I thought it would grow from a $1 billion market cap to $30 billion. I was ridiculed for writing that report… And yet, a little over a year later, Ethereum’s market cap peaked at $137 billion.

If Cosmos can hit a $250 billion market cap, each ATOM token would rocket to $1,250. Today, we can buy ATOM for about $5. That’s 24,900% higher from here… enough to turn $500 into $125,000 or $1,000 into $250,000.

When I initially recommended Cosmos, it was an exciting opportunity to take advantage of its 12% average yield. But what we’d really uncovered was a project with a rapidly growing ecosystem and explosive growth potential.

And with its countdown timer winding down, Cosmos is ready to take off

Nějak se červename

Jdu dat short na akciové Opce 💪🥂

The following are 14 signs that the U.S. economy is poised to crash really hard during the second half of 2022…

#1 One survey that was just released discovered that 35 percent of all small business owners in the U.S. “could not pay their rent in full or on time in June”.

#2 A different survey found that 51 percent of all small businesses owners in the U.S. believe that rising prices could “force them to close their businesses within the next six months”.

#3 It is being reported that 45 percent of all small businesses in the U.S. have already decided to freeze the hiring of new workers.

#4 Sales of previously owned homes dropped 5.4 percent during the month of June. That is now the fifth month in a row that we have seen a decline.

#5 In three-fourths of the metro areas that Redfin tracks, at least 25 percent of home sellers reduced their asking price during the month of June.

#6 Blackstone has prepared a war chest of 50 billion dollars so that it can scoop up depressed real estate all over the country after housing prices have crashed in the months ahead.

#7 The number of Americans applying for jobless benefits has risen to the highest level in eight months.

#8 Employment postings for software development jobs have dropped off by more than 12 percent during the past four weeks.

#9 The Conference Board’s index of leading economic indicators has now fallen for four months in a row.

#10 The S&P Global Flash U.S. PMI Composite Output Index just went negative for the very first time since the last recession.

#11 The latest number for the Philadelphia Fed manufacturing index came in at -12.3, and that was much worse than what most experts were anticipating. Any reading below zero indicates contraction, and needless to say this reading was way below zero.

#12 Inflation continues to rage out of control even as economic activity in the U.S. significantly slows down. If you can believe it, the average price of a used vehicle in the United States has now risen to a whopping $33,341.

#13 The Atlanta Fed is now projecting that U.S. economic growth for the second quarter will come in at -1.6 percent. If it is ultimately confirmed that the U.S. economy has already been contracting for two quarters in a row, that would mean that we are officially in a recession right now.

#14 Thanks in part to the rapidly tanking economy, Joe Biden’s approval rating has plunged all the way down to 31 percent.

😂😂😂😂

Fed hikes rates by 0.75 percentage point for second consecutive time

https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html?source=iosappshare%7Ccom.hammerandchisel.discord.Share

Superkrize: Cena plynu na burze v Amsterdamu prolomila hranici 223 EUR za 1 MWh po šokujícím oznámení Gazpromu, že německý Siemens odmítl opravit turbínu z právě odstavené druhé větve Nord Stream 1 s odkazem na sankce EU, USA a Kanady proti Ruské federaci! Na burze vypukla panika, Nord Stream 1 se už do plného provozu zřejmě nevrátí a Moskva tak bude tlačit Berlín do zprovoznění politicky zablokovaného Nord Stream 2 v co nejkratší době! Podle Bloombergu stojí německá vláda před největším ponížením ve své moderní historii!

😂😂😂

Because of Putin's invasion of Ukraine, Germany is at risk of running out of toilet paper by winter.

nechci to tu bugsymu plevelit infem od někojo jiného, než je on sám, ale vzhledem k tomu, že tu dělší dobu není nic nového a je to tématické tak_

Evergrande misses deadline for $300bn debt restructuring plan
Evergrande has failed to meet a self-imposed deadline for a proposal to restructure its $300bn in liabilities, adding to uncertainty over the fate of the world’s most indebted real estate developer.

The struggling property business, which was the most prominent default last year in a sector-wide liquidity crisis in China that shook its entire real estate market, said in January that it would publish a “preliminary restructuring proposal” by the end of July.

Last month, it told creditors it was on track to meet the deadline and urged patience amid threats of legal action.

The long-awaited announcement late on Friday evening in Asia outlined the potential use of equity in the company’s offshore subsidiaries, including a property services business and electric vehicles unit, to repay bondholders and said the company had made “positive progress”.

But it did not provide concrete details of how it would restructure its more than $300bn in liabilities, around $20bn of which are held by international investors who have seen their holdings plunge to a fraction of their original value.

A person close to the international bondholders said Evergrande was “nowhere near” a comprehensive restructuring plan.

China's crumbling real estate market has the world on edge
Analysts expect property sales to have dropped 25 percent from January to June, amidst China’s “Zero Covid Cases” strategy. Numerous developments in China have halted as property developers have run out of capital to finish construction.

The world economy is staring as another major crisis as one of the global growth engines China’s realty space has developed bubble, which if bursts can have its ripple effects globally. Hundreds of thousands of homebuyers have begun a “mortgage boycott”, not paying their mortgage for delayed or stalled housing projects in that country.

Home sales have collapsed by nearly 60 percent compared to a year ago, and the current constant decline of sales (11 months) is pegged to be the worst in China’s history, the business daily reported.

Strojový překlad příspěvku os AdamB

Evergrande promeškala termín pro plán restrukturalizace dluhu ve výši 300 miliard dolarů
Společnost Evergrande nedodržela lhůtu, kterou si sama stanovila pro návrh restrukturalizace svých závazků ve výši 300 miliard dolarů, což přispělo k nejistotě ohledně osudu nejzadluženějšího realitního developera na světě.

Problémový realitní podnik, který byl v loňském roce nejvýznamnějším neplatičem v rámci krize likvidity v celém odvětví v Číně, jež otřásla celým tamním realitním trhem, v lednu uvedl, že do konce července zveřejní "předběžný návrh restrukturalizace".

Minulý měsíc sdělila věřitelům, že je na dobré cestě k dodržení termínu, a vyzvala k trpělivosti uprostřed hrozeb právních kroků.

V dlouho očekávaném oznámení, které bylo zveřejněno v pátek pozdě večer v Asii, bylo nastíněno možné využití vlastního kapitálu zahraničních dceřiných společností společnosti, včetně podniku poskytujícího služby v oblasti nemovitostí a jednotky vyrábějící elektromobily, ke splacení držitelů dluhopisů a bylo uvedeno, že společnost dosáhla "pozitivního pokroku".

Neposkytla však konkrétní podrobnosti o tom, jak bude restrukturalizovat své závazky ve výši více než 300 miliard USD, z nichž přibližně 20 miliard USD drží mezinárodní investoři, jejichž podíly klesly na zlomek původní hodnoty.

Osoba blízká mezinárodním držitelům dluhopisů uvedla, že Evergrande není "ani zdaleka" blízko komplexnímu restrukturalizačnímu plánu.

Čínský trh s nemovitostmi se hroutí, svět je v napětí
Analytici očekávají, že od ledna do června poklesl prodej nemovitostí o 25 %, a to v souvislosti s čínskou strategií "nulových případů krytí". Řada developerských projektů v Číně se zastavila, protože developerům došel kapitál na dokončení výstavby.

Světová ekonomika zírá na další velkou krizi, protože v jednom z motorů globálního růstu, čínském realitním prostoru, se vytvořila bublina, která v případě prasknutí může mít své vlnové dopady v celosvětovém měřítku. Statisíce kupců bytů zahájily "hypoteční bojkot" a neplatí hypotéky za zpožděné nebo zastavené bytové projekty v této zemi.

Prodej domů se ve srovnání s obdobím před rokem propadl o téměř 60 % a současný neustálý pokles prodeje (11 měsíců) je přisuzován jako nejhorší v historii Číny, uvedl hospodářský deník.

Jiskra, která zažehla první světovou válku, vzplanula v bosenském Sarajevu, kde byl 28. června 1914 srbským nacionalistou Gavrilo Principem zastřelen arcivévoda František Ferdinand - dědic rakousko-uherského císařství - a jeho manželka Žofie.

hotelu Grand Hyatt ve čtvrti Xinyi, ale příslušné úřady to nepotvrdily.
Diplomatické zdroje prozradily, že Pelosiová se setká s prezidentkou Tsai Ing-wen a vysokými představiteli Národní bezpečnostní rady následujícího dne (3. srpna) v 8:00 a v 10:00 téhož dne Tchaj-wan opustí. Rusko Německo Čína Čína
Agentura Reuters uvedla, že Pelosiová má v úterý navštívit Tchaj-wan. USA informovaly "některé spojence" a během své návštěvy se má setkat s některými aktivisty, kteří se otevřeně vyjadřují k právům Číny.
Čína: "Pohřbíme vás"
Není to tak dávno, co bojové velitelství Východní zóny Čínské lidové osvobozenecké armády zveřejnilo video vyzývající vlastence, aby "pohřbili všechny nepřátele, kteří se pokusí o invazi".
"Být ve stavu plné bojové pohotovosti, plnit rozkazy, pohřbít všechny invazní nepřátele," uvádí se ve videu.

A double torpedo was launched by the president of Algeria and the ambassador of Nigeria who declared they are ready to join BRICS confirming WarNews247. Russia and China are moving to control Africa and the global energy flow. 
Algeria probably acts as a precursor to Turkey's entry into the BRICS Union, while it is Africa's largest natural gas exporter.

Asi tady máme změnu kurzu , možná je načase začít zadávat shorty

PRE-IPO

LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, as it tries to rein in runaway inflation.

The sixth consecutive increase takes borrowing costs to 1.75% and marks the first half-point hike since the Bank was made independent from the British government in 1997.

Markets had broadly priced in the more aggressive approach at the August meeting, after U.K. inflation hit a new 40-year high of 9.4% in June as food and energy prices continued to surge, deepening the country’s historic cost-of-living crisis.

Bank of England Governor Andrew Bailey vowed last month that there would be “no ifs or buts” in the central bank’s commitment to returning inflation toward its 2% target.

Analysts had been keen to assess the language in the Bank’s latest report, particularly its previous commitment to act “forcefully” on inflation.

Je jasne, ze sazby mely jit nahoru o 100 bps, na 8 %. Pokud Michl tvrdi, ze se opira o novou prognozu CNB, tak lze, jako kdyz tiskne. Vsechny kriticke promenne v nove prognoze jsou totiz vyrazne proinflacni. Jenom se tedy potvrzuje, ze noví clenove bankovni rady jsou jeho a nikoli osoby kompromisni. Specialne Frait a Zamrazilova by se meli ptat sami sebe, jak dlouho chteji hrat tuto Michlovu nezodpovednou hru, ktera muze mit neodvratne nenapravitelny dopad na ekonomicky a nasledne potiticky vyvoj Ceske republiky. Dnes uz nikdo neargumentuje tim, ze inflace je nakladova, nebot pri projekci CNB, ze bude 20 % je to absolutne irelevantni, jenom Michl 🤦‍♂️. Christine Lagarde vi, ze neni ekonomka, Ales Michl nevi ani to! Zdroj: Motejlek FB

IDF publishes a video of the airstrike on the senior Islamic Jihad terrorist commander, Tayseer Jabari in northern Gaza.

Red Rocket Alert

Izraelské letectvo zaútočilo na pásmo Gazy.
Cílem izraelského útoku byl jeden z mrakodrapů. Izrael vyhlásil v pásmu Gazy výjimečný stav.
Izraelská armáda oznamuje, že v Pásmu Gazy provádí operaci proti skupině Islámský džihád.

This $10 Trillion Titan Is Coming Into Bitcoin
Unlike the last Crypto Winter – when nearly every institutional player hastily backed away from their early commitments to “examine” bitcoin as it dropped 85% – just yesterday, the biggest institutional player in the game said it’s entering the space.

I’m talking about BlackRock, the world’s largest asset manager with over $10 trillion under management.

On Thursday, BlackRock announced a partnership with crypto exchange Coinbase.

Drink that in for a moment.

BlackRock says its institutional clients want access to this space so badly that it’s teamed up with Coinbase to provide them an access point to crypto assets.

According to Bloomberg, BlackRock said the focus of the partnership with Coinbase, the biggest U.S. crypto-trading platform, “will initially be on bitcoin.”

The company’s institutional trading platform for crypto assets, Coinbase Prime, will provide crypto trading, custody, prime brokerage, and reporting capabilities to institutional clients on BlackRock’s Aladdin, who are also clients of Coinbase.

Aladdin offers a suite of software tools designed to help institutional investors manage their portfolios.

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” said Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock.

👉I bought more bitcoin on the BlackRock news.

I’ll increase my BTC position by another third if Federal Reserve Chairman Jerome Powell caps the next rate increase at 50 basis points.

And I will double my entire BTC position once he stops raising rates.

This isn’t the first time I’ve doubled down on bitcoin.

In April 2019, when everyone else was running scared, I sent you an update saying now is the time to double down.

On that day, BTC traded at $4,922.80. Fast forward to April 12, 2021, and BTC hit $63,314.01. That’s a nearly 1,200% return in two years.

And that was without a titan like BlackRock stepping into the arena.

So you can see why I’m so bullish.

The bond market is telling us rates will start dropping in 2023. Once they do, so-called “risk-on” investments will soar.

Friends, remember bitcoin is the mother of all risk-on trades.

If the bond market is right (and I believe it is), the prices we pay today for BTC (and crypto in general) could prove very cheap.

Isn’t Bitcoin Supposed to Be Immune to the Fed?
It’s a bitter pill for me to swallow, but I must acknowledge that even bitcoin is beholden to the Fed for this market cycle.

It would be a far more bitter pill for all of us if I lacked the humility to accept that this is the current reality.

But don’t let that fact get in the way of owning more bitcoin.

Long story short: It’s time for us to start adding new projects to our portfolios and doubling down on the projects we love.

Again, let me be clear: We aren’t out of the woods yet…

But we can now see a way out through the trees when before there was nothing but darkness. Reinforcements are coming… and any big bad wolf in this forest won’t live long when facing the army of institutional capital gearing up to join our cause.

Strojový překlad - This $10 Trillion Titan Is Coming Into Bitcoin

Tento titán v hodnotě 10 bilionů dolarů přichází do bitcoinu

Na rozdíl od poslední Crypto Winter - kdy téměř všichni institucionální hráči narychlo vycouvali ze svých dřívějších závazků "prozkoumat" bitcoin, když klesl o 85 % - právě včera největší institucionální hráč ve hře prohlásil, že vstupuje do tohoto prostoru.

Mluvím o společnosti BlackRock, největším světovém správci aktiv, který spravuje více než 10 bilionů dolarů.

Ve čtvrtek společnost BlackRock oznámila partnerství s kryptoburzou Coinbase.

Chvíli to vstřebávejte.

Společnost BlackRock tvrdí, že její institucionální klienti chtějí přístup do tohoto prostoru tak moc, že se spojila s Coinbase, aby jim poskytla přístupový bod ke kryptoaktivům.

Podle agentury Bloomberg společnost BlackRock uvedla, že se partnerství s Coinbase, největší americkou platformou pro kryptoobchodování, "zpočátku zaměří na bitcoin".

Institucionální obchodní platforma společnosti pro kryptoaktivy, Coinbase Prime, bude institucionálním klientům společnosti BlackRock na platformě Aladdin, kteří jsou zároveň klienty Coinbase, poskytovat možnosti obchodování s kryptoaktivy, úschovy, prime brokerage a reportingu.

Aladdin nabízí sadu softwarových nástrojů, které mají institucionálním investorům pomoci spravovat jejich portfolia.

"Naši institucionální klienti mají stále větší zájem o získání expozice na trzích s digitálními aktivy a zaměřují se na to, jak efektivně řídit provozní životní cyklus těchto aktiv," uvedl Joseph Chalom, globální vedoucí strategických partnerství s ekosystémy ve společnosti BlackRock.
Na základě zpráv od společnosti BlackRock jsem nakoupil další bitcoiny.

Pokud předseda Federálního rezervního systému Jerome Powell omezí příští zvýšení sazeb na 50 bazických bodů, zvýším svou pozici v BTC o další třetinu.

A jakmile přestane zvyšovat sazby, celou svou pozici v BTC zdvojnásobím.

Není to poprvé, co jsem zdvojnásobil svou pozici v bitcoinu.

V dubnu 2019, kdy všichni ostatní utíkali strachy, jsem vám poslal aktualizaci s tím, že nyní je čas zdvojnásobit.

V ten den se BTC obchodoval za 4 922,80 USD. Rychlý posun vpřed do 12. dubna 2021 a BTC dosáhl 63 314,01 USD. To je téměř 1 200% výnos za dva roky.

A to bez toho, aby do arény vstoupil takový titán, jako je BlackRock.

Takže vidíte, proč jsem tak býčí.

Dluhopisový trh nám říká, že sazby začnou klesat v roce 2023. Jakmile se tak stane, takzvané "risk-on" investice prudce vzrostou.

Přátelé, nezapomeňte, že bitcoin je matkou všech risk-on obchodů.

Pokud má trh s dluhopisy pravdu (a já věřím, že ano), ceny, které dnes platíme za BTC (a krypto obecně), by se mohly ukázat jako velmi levné.

Neměl by být Bitcoin imunní vůči Fedu?
Je to pro mě hořká pilulka, kterou musím spolknout, ale musím uznat, že i bitcoin je pro tento tržní cyklus poplatný Fedu.

Mnohem hořčí pilulkou pro nás všechny by bylo, kdybych postrádal pokoru přijmout, že je to současná realita.

Ale nenechte se touto skutečností odradit od toho, abyste vlastnili více bitcoinů.

Zkrátka a dobře: je na čase, abychom začali přidávat nové projekty do svých portfolií a zdvojnásobovali ty, které máme rádi.

Znovu zdůrazňuji: ještě nejsme z nejhoršího venku...

Ale nyní vidíme cestu ven skrze stromy, když předtím nebylo nic než tma. Přicházejí posily... a každý velký zlý vlk v tomto lese nebude dlouho žít, když bude čelit armádě institucionálního kapitálu, který se chystá připojit k naší věci.

Iron Dome dnes večer na obloze nad jižním Izraelem.

Máme začít dělat zásoby na zimu? 😄

1. Nikdy neztrácejte peníze
Jedna z nejoblíbenějších Buffettových rad zní takto: "Pravidlo č. 1: Nikdy nesmíš přijít o peníze. Pravidlo č. 2: Nikdy nezapomínej na pravidlo č. 1." Pokud pracujete se ztrátou, je mnohem těžší vrátit se tam, kde jste začali, natož vytvořit zisk.
2. Získejte vysokou hodnotu za nízkou cenu
V dopise akcionářům Berkshire Hathaway z roku 2008 sdílel Warren Buffett další klíčový princip: "Cena je to, co platíte, hodnota je to, co dostanete." Ke ztrátě peněz může dojít, když zaplatíte cenu, která neodpovídá hodnotě, kterou tím získáte. Například když platíte vysoké úroky z dluhu na kreditní kartě nebo utrácíte za položky, které jen zřídkakdy využíváte.
Místo toho žijte skromně (jako i sám Buffett, který bydlí celý život ve stejném domě) a hledejte příležitosti, jak získat větší hodnotu za nižší cenu. "Ať už mluvíme o ponožkách nebo akciích, rád nakupuji kvalitní zboží, když je zlevněno," uvedl Buffett.
3. Vytvořte si zdravé peněžní návyky
Buffett řekl: "Většina chování je o zvyku a zvyky nás svazují. Tato pouta jsou slabá, než aby je bylo možné cítit, dokud nejsou příliš pevná na to, aby je bylo možné přerušit." Pracujte na budování pozitivních peněžních návyků a rozbití těch, které poškozují vaši peněženku.
4. Vyhněte se všem špatným dluhům
Buffett vybudoval své bohatství tím, že získával úroky – místo toho, aby platil úroky sám. "Viděl jsem, mnoho lidí selhat kvůli alkoholu a pákovému efektu – pákový efekt jsou půjčené peníze," řekl Buffett v roce 1991 během projevu na University of Notre Dame. "V tomto světě opravdu moc nepotřebujete páky. Pokud jste chytrý, vyděláte spoustu peněz, aniž byste si půjčovali."
5. Mějte hotovost a dostatečnou rezervu
Dalším klíčem k zajištění bezpečnosti je mít hotovostní rezervy vždy po ruce. Firmy i jednotlivci by mohli mít chuť dát likvidní hotovost do práce

prostřednictvím investic. "Hotovost je však pro obchod jako kyslík pro jednotlivce. Nikdy nevnímáte, že tu vůbec je, dokud vám nechybí," řekl Buffett.
6. Investujte do sebe sama
Podle Inc.com Buffett řekl: "Investujte do sebe tolik, kolik můžete. Jste svým zdaleka největším aktivem." I vaše výnosy jsou velké… "Cokoli do sebe investujete, dostanete zpět desetkrát," řekl Buffett. A na rozdíl od jiných aktiv a investic vás nikdo nemůže zdanit ani ukrást.
7. Vzdělávejte se v penězích
Součástí investování do sebe by mělo být učení se o hospodaření s penězi. Buffettova práce jako investora spočívá v omezování expozici vůči rizikům. A "riziko pochází z toho, že nevíte, co děláte," řekl kdysi Buffett podle Forbes. Čím více budete vědět o osobních financích, tím větší jistotu budete mít, protože minimalizujete rizika.

8. Důvěřujte nízkonákladovému indexovému fondu (ETF)
Zatímco většina Buffettových moudrostí a rad hraničí s filozofií, poskytl také několik užitečných tipů, které může použít téměř každý. Například Buffett nabádá průměrného investora k nákupu indexových fondů (ETF). "Dejte 10 % hotovosti do krátkodobých státních dluhopisů a 90 % ve velmi levném indexovém fondu S&P 500," napsal v roce 2013 ve svém dopise akcionářům Berkshire Hathaway.
Buffett tuto radu dával léta. "Pokud jste investovali do velmi levného indexového fondu – kam nevložíte peníze najednou, ale pravidelně, měsíčně po více než 10 let – bude vám lépe než 90 % lidí, kteří začnou investovat do stejného indexu ve stejnou dobu celou částku najednou," řekl Buffett na výročním setkání Berkshire Hathaway v roce 2004.
9. Darujte
Podle Forbes Buffett jednou řekl: "Pokud patříte mezi nejšťastnější 1 % lidstva, dlužíte zbylým 99 %." A jako sám nejvyšší člen tohoto 1. % si Buffett dává záležet na tom, aby dal své peníze tam, kde má.
Spolu s Billem Gatesem je Buffett zakladatelem The Giving Pledge, což je slib více než 100 miliardářů, že rozdají své jmění. I když možná nejste miliardář, stále můžete obohatit svůj život tím, že budete něco darovat.
10. Pohlížejte na peníze z dlouhodobého hlediska
Buffett jednou řekl: "Někdo dnes sedí ve stínu, protože před něj někdo kdysi dávno zasadil strom." A je to pravda. Zasazení a pěstování semen finančního úspěchu nyní povede ke stínu, který si budete moci užívat v pozdějším životě. Tento stín může zahrnovat osvobození od dluhů, bezpečný důchod, pasivní příjem nebo cokoliv jiného.

🔵 👉 👉 👉 Double-Down Pick No. 1: Ethereum (ETH)
Over the next decade, I believe Ethereum (ETH) will count itself among the world’s most valuable financial assets.

Let me make that more concrete: Ethereum will likely be more valuable than shares in Meta, Amazon, Apple, Google (Alphabet), and Microsoft.

That’s why last year, I predicted ETH would be the next crypto to reach a $1 trillion market cap. As I said at the time, the next stage of transformational software development will happen on the blockchain… not the traditional internet. And Ethereum is the world’s most widely used blockchain development platform.

Just like Microsoft was the world’s most popular PC development platform in the 1990s… And Google’s Android and Apple’s iOS are the most popular mobile app development platforms today… Ethereum is – and will continue to be – the go-to platform for blockchain projects.

That’s because unlike the bitcoin blockchain – which is solely used to transfer value, i.e., bitcoin, between users – the Ethereum blockchain transfers value… runs complex computational tasks… and can execute different programmed functions.

It’s like how Apple created a multibillion-dollar ecosystem with its Apple App Store versus Microsoft’s initial focus on in-house-created software that would only run on desktop computers.

Now, in recent months, we’ve told you how Ethereum has a massive catalyst on the horizon called “the Merge” that will be a gamechanger in the entire crypto space.

We’ll get to that in a bit.

First, let me explain why Ethereum is one of the dominant tokens in this space… and why it will continue to hold that position.

Ethereum makes this list because it’s home to the most developers and activity in the space.

As you know, developers are responsible for building applications that attract users. So, networks are dependent on developers to grow.

According to Electric Capital, a research and investment company in the blockchain space, Ethereum has roughly 4,000 active developers. That’s more than double the second-largest network by developers, Polkadot.

Having the brightest minds working to develop your product (and having more of them than your competitors) is critical to its success. Just look at some of the top tech companies in the world.

For example, Amazon has 35,000 developers. And Google has over 27,000.

It’s the same in the blockchain world. Having more brain power working to advance your project will set you apart from your competition and drive more usage.

Network usage is what drives revenue. And no network generates more revenue than Ethereum.

Over the past year, Ethereum has generated $9.8 billion in revenue.

That’s more than 10 times the amount generated by the second-largest network in revenue, Binance Smart Chain.

And compared to publicly traded companies, Ethereum generates more revenue than 212 of the 500 companies in the S&P 500 index.

The S&P 500 index is made up of the 500 largest publicly traded companies in the United States. If Ethereum were a publicly traded company, it would trade alongside the best of the best.

This revenue comes from users paying transaction fees to use the network.

We expect this figure to grow as more users enter the space and the network’s capacity for transactions continues to improve.

While Ethereum’s road map to onboarding billions of people is years in the making… Its largest catalyst yet is just around the corner.

👉 👉 👉 The Merge Is Coming
In less than a month, Ethereum is scheduled to make the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum calls this the Merge.

As you know, we’ve been writing about this moment over the past year.

It will be the largest event in crypto since Ethereum launched seven years ago.

It’s a massive undertaking from a technology perspective.

In the PoW model, miners use powerful computers to secure the network. They solve complex math problems to validate transactions on a block. The first miner who solves the problem earns the block reward. Bitcoin is an example of this model.

Meanwhile, PoS miners validate transactions by staking tokens on the network. The network chooses the miner who earns the reward based on the number of coins they own and other factors.

And once Ethereum makes this switch, it will have a big impact on ETH prices going forward.

That’s because it will reduce the amount of tokens emitted into circulation each day by 90%.

This massive cut is because Ethereum no longer has to pay as much to secure the network.

You see, with PoW, blockchains use warehouses full of computers running at full capacity to mine the network. This involves expensive equipment and lots of energy consumption.

The process is expensive. And Ethereum needs to pay these miners enough to cover their expenses. It does this by issuing them new ETH tokens.

But once Ethereum makes the switch to PoS, the cost associated with validating the network dramatically reduces. That’s because under PoS, the barrier to entry to help secure the network is much lower, which means more users can participate.

You no longer need warehouses full of expensive computer equipment. And your energy consumption drops by over 99%.

This means Ethereum can reduce the amount of ETH tokens it emits to compensate these network validators.

So after the Merge, Ethereum will become a deflationary currency, as there will be fewer tokens in circulation – making each more valuable.

The transition will also allow ETH token holders to generate income by staking their tokens.

Staking is the process of participating in a blockchain protocol to earn income.

This income dynamic will also usher in new investors. Funds only interested in income-generating opportunities will now give Ethereum a second look.

With Ethereum, you’ll be able to stake your ETH tokens in return for a share of the network’s profits once it makes the switch to PoS.

And the returns investors can generate is nothing to look past.

Users can expect to generate anywhere from 4–8%. This number will vary depending on how many users are staking their tokens and network activity.

Let’s say one of BlackRock’s deep-pocket clients puts $1 million into ETH and stakes their tokens to generate income. We’ll also assume that ETH yields 6%.

That means this client would generate $60,000 each year.

That’s more than double the amount they could get on a 10-year U.S. treasury bond.

And as the price of ETH climbs higher, so does the yield. That’s because rewards are paid out in ETH.

So if the price of ETH doubled, this client would then be generating $120,000 each year. That’s 12% in income based on their original investment.

That’s more than four times the amount they would be making on a 10-year U.S. treasury bond.

As the Ethereum network continues to solidify itself as the go-to network of tomorrow’s internet, investors will line up to feast on its income.

And remember, BlackRock partnered with Coinbase to make it easier for institutional investors to get exposure to bitcoin.

But its appetite for blockchain exposure won’t stop there.

The next blockchain asset that makes sense for it to offer its clients will be the largest smart contract platform, Ethereum.

We’re already starting to see this happen outside of BlackRock… Coinbase Prime added staking for its institutional clients earlier this month.

This will help institutions enter the space since they won’t have to worry about holding the assets or the technical know-how of staking.

Once Ethereum makes the switch to PoS next month, the demand for exposure to ETH will surge, making Ethereum a must-own project.

If you have yet to add Ether (ETH) to your portfolio, we strongly recommend taking a stake now.

👉 👉 👉 Still Plenty of Runway For Ethereum
As mentioned above, users are spending roughly $9.8 billion in transaction fees each year to use the network.

To get a sense of what this means for the value of the network, we can compare it to the likes of global payment processing giants Visa and Mastercard.

Today, these two companies trade at an earnings multiple of 35. If we apply the same earnings multiple to Ethereum, it would be valued at roughly $343 billion.

But since Ethereum is on the cutting-edge of technology with higher growth potential, we believe Ethereum will command a premium at least three times greater than legacy payment companies like Visa and Mastercard.

That would translate to a market cap of $1 trillion… Or $8,565 per token.

That’s a 362% increase from today’s prices.

And under a blue-sky scenario, we could even see Ethereum reach $25,000 in the coming years. That’s a 1,248% gain – enough to turn every $1,000 into $13,477.

I can’t think of a lower-risk, higher-reward setup like this in public markets.

If you already own some ETH and are looking to add more to your portfolio, now is a great time to do so as the network inches closer to its biggest transformation yet.

🔵👉 👉 👉 Double-Down Pick No. 2: Uniswap (UNI)
We recommended Uniswap (UNI) in October 2020. It’s the go-to decentralized exchange (DEX) in blockchain.

DEXs are important because they give users a trustless and secure way to exchange assets.

Prior to DEXs, you had to rely on centralized exchanges. While they’re easy to use, they have their setbacks.

They often find themselves a target of hackers. Since these exchanges control a large amount of funds, all a hacker has to do is find one point of failure to exploit in order to make off with users’ assets.

Over the years, we’ve seen countless hacks involving exchanges. And they almost always result in the loss of their users’ funds.

DEXs like Uniswap solve this issue due to their decentralized nature. Because it’s decentralized, the exchange doesn’t have a single point of failure… and it allows users to maintain self-custody of their funds.

When it comes to DEXs, Uniswap sits at the top of the leaderboards. No other DEX comes close to matching its success.

Uniswap accounts for 70% of the volume exchanged on Ethereum and 60% of the volume exchanged across all networks in the space. On average, it generates roughly $45 billion in trading volume each month.

While Uniswap originally launched on the Ethereum network, its success doesn’t stop there.

As you know, the Ethereum network is often costly to use due to network congestion. And to solve this problem, layer-2 networks are starting to roll out.

Layer-2 networks execute transactions off-chain (outside Ethereum). The transaction data is then posted to the Ethereum network in batches for security.

This enables layer-2 networks to improve transaction speed and bring down costs on Ethereum without sacrificing its security.

These layer-2 networks are seeing an increase in activity as users seek cheaper solutions.

They’re often over 95% cheaper and faster than using the Ethereum mainnet. And remember, users are getting these added benefits without sacrificing security.

To capitalize on this, Uniswap has launched on the layer-2 networks Optimism, Arbitrum, and the Polygon sidechain.

Combined, these networks are generating roughly $3.7 billion in trading volume each month. Just a year ago, they didn’t exist.

We expect these numbers to continue to grow as users continue to favor cheaper solutions.

👉 👉 👉 The Next Big Step for Uniswap
Now that it’s solidified itself as the go-to exchange for fungible tokens, Uniswap is making moves to become a key player in the non-fungible token (NFT) arena.

Something that’s fungible is not unique. It’s interchangeable with another of its kind. For example, bitcoin is fungible. Each bitcoin is just as valuable as the next.

A non-fungible item is unique. It’s one-of-a-kind.

An example of a non-fungible item outside the blockchain world is the jersey Tom Brady wore during Super Bowl XLIX. There’s only one in existence. And it’s not interchangeable with any other sports jersey.

NFTs are tokens that represent ownership of an asset. Because they exist on the blockchain, they provide instant, verifiable proof of ownership.

As we mentioned in last month’s issue, Uniswap is expanding into the NFT space with its acquisition of Genie.

It’s an NFT marketplace aggregator that will serve as a one-stop-shop for purchasing NFTs.

We’re excited to see Uniswap make its way into what will become a multi-trillion-dollar industry. It’s a massive opportunity for Uniswap to grow its exchange volume… And ultimately, profits for UNI token holders.

We’re up 172% on UNI in two years. But here’s why we still think it’s a great buy at these prices…

👉 👉 👉 Why You Need to Buy UNI Today
When we originally recommended Uniswap, it was generating roughly $387 million per day. Today, it’s generating about $1.5 billion each day. That comes out to roughly $548 billion in trading volume each year.

In the future, we believe Uniswap will impose a small 0.05% trading fee for the services it provides. If so, it would generate $274 million each year… Or $0.60 per UNI token based on circulating supply.

To get a sense of what this means for the UNI token price. We can compare it to three publicly-traded exchanges and their price-to-earnings (P/E) ratio.

[The P/E ratio measures a company’s share price compared to its earnings per share.]

The CME Group, Intercontinental Exchange, and Nasdaq trade at an average P/E ratio of 27.15. That means investors are willing to pay $27.15 for every $1 in earnings.

If we applied this same metric to Uniswap, it would be valued at $16.28.

But as you know, innovative tech companies like Uniswap command a higher premium.

For instance, Amazon commands a multiple 5.7 times higher than Walmart. And Tesla trades at a multiple 15.5 times higher than GM.

We believe Uniswap could fetch a P/E multiple 10 times that of its legacy counterparts. If so, each UNI token would be valued at $162.81 per token.

That’s a 1,910% increase in today’s price… Enough to turn a $500 stake into $10,050. And a $1,000 stake into $20,100.

Uniswap is a must-own project in the DeFi space as it continues to solidify itself as the go-to trading platform.

For these reasons, we’re raising the buy-up-to price on UNI in our model portfolio.

Uniswap is among the top-quality DeFi projects in the space.

🔵 👉 👉 👉 Double-Down Pick No. 4: Polygon (MATIC)
We recommended Polygon (MATIC) in December 2021. It’s one of the largest Ethereum scaling solutions.

As you know, using the Ethereum network can be frustrating at times. When the network is busy, transactions can take hours to clear and cost up to hundreds of dollars.

These are the growing pains that Ethereum is facing today. While they’re good problems to have if Ethereum is going to onboard millions of new users, they need to be fixed.

And that’s what Polygon is working to solve.

Polygon operates scaling solutions that can dramatically improve the experience of using Ethereum. These solutions speed up transactions by 100x and reduce transaction costs to fractions of a penny.

Polygon has multiple scaling solutions in its arsenal – several of which are layer-2 scaling solutions.

As we noted above, layer-2 networks execute transactions off Ethereum’s main chain to free up the network without compromising its security.

Each of Polygon’s solutions come with designs tailored to businesses, individuals, privacy, and more.

As we explained above, developers are critical to the success of any project in the space. And when you look at developer activity on Polygon, the numbers are impressive.

Polygon has roughly 350 full-time developers working on its network. And if we include developers who aren’t full time, that number expands to roughly 11,800.

Of these developers, roughly 74% work exclusively on Polygon.

Collectively, they’ve helped build over 37,000 dApps on Polygon. That’s four times as many as the network had at the start of the year.

Many of the biggest dApps have expanded to Polygon to improve user experiences. Some of these include Aave, Uniswap, and Opensea, which have over 5 million users combined.

In addition to seeing a growing number of applications spring up on Polygon, we’re seeing adoption on the enterprise front.

Last month, Polygon was the only blockchain provider selected to participate in Disney’s 2022 Accelerator program. It’s a business development program designed to jumpstart innovation and will focus on the metaverse.

A partnership with a huge conglomerate like Disney shows that Polygon is highly regarded. And it further shows just how promising Polygon’s scaling solutions are.

👉 👉 👉 Polygon Is Insanely Undervalued – And That’s Our Opportunity
We’re down 60% on MATIC. But here’s why we think it’s a great buy at these prices…

Today, there are over 250,000 active users on the Polygon network. That’s almost twice as many as there were last year.

And as Polygon is set to launch its layer-2 networks in the months ahead, I believe it will achieve major success over the next few years. That’s because new users entering the space will flock to Polygon’s networks in search of faster and cheaper transactions.

In fact, I believe we could see 100 million users on the Polygon network within the next five years due to it becoming the go-to scaling solution for Ethereum.

Now, let’s say each user makes three transactions each day. And we’ll also assume each transaction costs two cents.

If so, the network would generate $6 million in transaction fees per day. That comes out to roughly $2.2 billion each year.

And to make sense of what this means for the value of the MATIC token, we can compare its earnings to financial powerhouses like Visa or Mastercard. Both trade at an average P/E multiple of 35.

Remember, disruptive technology companies command a higher premium due to higher growth rates. So we believe Polygon can fetch a P/E multiple five times higher than legacy payment processing companies like Visa and Mastercard.

If so, Polygon’s value would be about $383 billion – or $51.50 per token when accounting for circulating supply.

That’s a 5,633% increase from today’s prices… Enough to turn every $1,000 investment into $57,332.

That means if you invested $500 into MATIC when we recommended the position and double-down today, you could see your stake grow to $44,257 if MATIC reaches our $51.50 price target.

Polygon is playing a critical role in scaling the most popular decentralized application platform, Ethereum.

🔵 👉 👉 👉 Double-Down Pick No. 6: The Graph (GRT)
We recommended The Graph (GRT) in May 2021. You can think of it as the “Google” of the blockchain world.

As you know, Google is the go-to application that helps you search the web. It organizes information for its users in an easy-to-read way.

And that’s what The Graph is doing for the blockchain world.

While there are tools that exist today to help you search the blockchain, they’re controlled by centralized entities. This opens the door to potential errors and even fraud.

And that’s the problem The Graph is solving.

It searches, organizes, and delivers information to the user in a completely decentralized way.

If you want to achieve end-to-end decentralization, The Graph plays a critical role in the ecosystem’s infrastructure. And that’s why we like it.

Since its inception, The Graph was free to use for many of its services. This decision was made to bootstrap adoption. But that’s changing…

The Graph is now starting to phase out these free services as it progresses through its roadmap.

Why does this matter?

Because users of the network will have to pay for the data they use. And this will soon influence token prices as more users plug into The Graph.

That’s because fees to use the network are paid in GRT tokens. And a percentage of that fee is burned from circulating supply.

The Graph expects to completely phase out hosted services by the end of Q1 2023. And when this happens, we can expect to see an increase in token prices from users being forced to purchase the data they consume with GRT tokens.

Right now, we’re down 83% on Graph. But like MATIC, we think it’s a great buy at these prices.

👉 👉 👉 Don’t Miss the Fire Sale on This Discounted Technology
The Graph is a key piece of infrastructure in the decentralized web. It solves the problem of accessing blockchain data securely without relying on a third party.

There’s an endless amount of data that’s being produced on the blockchain. And demand for that data will skyrocket as more users enter the space and use cases expand.

You’ll see demand for data from NFT sales… to virtual concert ticket sales in the metaverse… to lending activity in DeFi.

There’s no telling the potential use cases we’ll discover on the blockchain. We’re just beginning to scratch the surface.

Since its launch in December 2020, The Graph has served over 640 billion data requests. Today, it’s servicing over a billion data requests each day.

Over the next five to ten years, we believe this number will grow 100x as the ecosystem grows.

Let’s assume The Graph can monetize this data at an average price of 1/100th of a penny per data request. That would generate $10 million in revenues per day… or roughly $3.65 billion each year.

To get a sense of what this means for a valuation, we will give The Graph an earnings multiple similar to Google.

Today, Google trades at a P/E ratio of 23. If we apply the same valuation to The Graph, its market cap would be $83.9 billion. That’s $8.39 per token when accounting for maximum token supply.

That’s a 6,670% increase from today’s prices… Enough to turn every $1,000 investment into $67,700.

That means if you invested $500 into GRT when we recommended the position and double-down today, you could see your stake grow to $39,164 if GRT reaches our $8.39 price target.

Today is a great opportunity to add The Graph to your portfolio if you have yet to. It’s also a great project to add exposure to considering the pullback in its token’s price.

As more users enter the space, the data they produce will become increasingly valuable – whether it’s trading volume on a DEX, the prices of NFTs changing hands, or any other transactions triggered by users.

The Graph is disruptive blockchain tech trading at an insanely low valuation. And you can own a piece of it at an incredible discount. Don’t pass up this opportunity.

💯 💯 💯 Bringing It All Together💯 💯 💯
The positions we’re doubling down on today are the best opportunities right now in the market.

Some of these picks are up massively. But as you can see, they still have plenty of runway ahead.

A couple of the projects are down significantly. We believe these are incredibly undervalued… And when the market shifts, they’ll bring even greater returns considering their discounted prices.

When you analyze crypto, you need to look at adoption. Just like you would with any new technology.

You need to know if new users are entering the space. And you need to look at what rate they’re coming in.

The story of bitcoin and crypto assets is an adoption story.

That’s why I cannot overstate how bullish the BlackRock news is for this asset class.

BlackRock will open the gates to hundreds of billions of dollars that will enter this space in the years ahead.

This capital will come from new users who were previously shut out from the space.

This might be due to risk requirements, legal uncertainty, or the ability to custody the asset.

Look, if you only look at the price action, you might question the future of crypto.

But as you can see, this space is moving forward.

New developments are made each week on the technology side. And demand for the asset is stronger than ever.

If you position yourself with quality assets like the ones we own, all that’s left to do is let time do the heavy lifting.

Be patient. And don’t let the volatility shake you out of your positions.

💯 The Tornado Cash Controversy
I want to talk about some things over the short term that might be behind some of the weakness we’re seeing in bitcoin. The Ethereum Merge is coming up on September 15, but nothing is set in stone.

If the Merge gets postponed or there’s a problem, it’s going to create volatility in the markets. No question. And it’s impossible to say whether that will happen successfully.

We think it will. If you look at all the testnet, they’ve all moved over successfully.

But if they don’t move over successfully, if there’s a problem, or if there’s an acrimonious chain split, then you can have some volatility. So we have to see how that plays out.

I’m also keeping some extra cash on the side, if the Merge does not go smoothly or is postponed.

The other thing that’s causing some weakness in bitcoin is the news around Tornado Cash. Now, if you haven’t been following this news, or if you don’t know what Tornado Cash is, this is something you need to get educated on quite quickly.

I’m going to explain what’s happening, what it is, and why this is very worrying. And why anybody who has any type of influence or authority at all should be exerting it right now in defense of Tornado Cash.

Tornado Cash is what’s known as a mixer. It’s a way to anonymize the senders of cryptocurrency. I’m not going to get into the deep mechanics of it, but, essentially you send your crypto to the mixer, and it mixes up all the crypto so people can’t tell where the crypto came from before it sends it out to other addresses. It’s a way of creating a truly anonymous way to send money.

So why would you need something like that? The government would say, “Well, the only reason why you’d need to do that is if you want to launder money, funnel money to terrorists, buy drugs, or essentially just be a bad guy.” And that’s true. It’s used for that, but it’s also used for other things. It’s used for people that want to donate money to Ukraine, but maybe have family in Russia, and don’t want the Russian government to know that they sent the money.

It’s used to send money into places where it’s illegal for people to have money from outside the country. But if those people don’t have money, they’ll starve, so there’s a very real need for this type of technology.

There’s a need to be able to anonymously send money and there’s a need to anonymously be able to buy something. Let’s say you want to buy something that’s potentially embarrassing to you or your partner. Do you want that on a blockchain that somebody can tie to your name, I don’t. I’m sure that you don’t and that’s where you have that anonymity with cash, right?

Cash is completely anonymous. You can go to any store, use cash to buy something, and nobody can track it. Why can’t we have that same level of freedom with our crypto transactions?

It’s crazy. So some people will say, “Well, if you look at tornado cash, 74% of its use is for illegal activities. It’s for laundering funds that were stolen from hacks. It’s laundering funds from North Korean hacker groups. And so it’s bad.”

This is the same argument that was used against bitcoin. In 2011, virtually a hundred percent of the commercial activity on bitcoin was for buying drugs. When the VCR came out, virtually 100% of VCR use was for pornography.

And yet think if we said, “Okay this VCR, it’s just being used to distribute illicit pornography. Arrest anyone that uses it. Block anyone that uses it. And the guy that created it? We’re going to put him in prison.”

This is exactly what’s happened with Tornado Cash. Tornado Cash is a piece of software that nobody owns. It’s open-source software. It’s a smart contract. And one of the developers, Alexi Persev, has recently been arrested in the Netherlands. He’s just been scooped up for writing open-source code.

This is the same as trying to arrest the guy that created the VCR because people were using it to watch illicit or illegal things. This is the same as attempting to arrest the person that invented the cell phone because cell phones were used for crimes, or money laundering, or coordinating terrorism.

👉 Open-Source Code is Essential for Our Democracy
Now, things have even gone a step further, where the segment of the U.S. treasury called OFAC, the Office of Foreign Assets and Control, stated that anybody interacting with the Tornado Cash smart contract is in violation of American sanctions.

I’m going to read to you what they wrote to show you just how little they understand about how smart contracts work. “‘Today, treasury is sanctioning Tornado Cash, a virtual currency mixer that launders the proceeds of cyber crimes, including those committed against victims in the U.S” said Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian Nelson. Who continued that, “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis, and without basic measures to address its risks.”

It’s a piece of open-sourced code. There is no CEO of Tornado Cash. This isn’t somebody using an AWS server and the guys at Amazon saying, “Screw you. We’re not going to do anything about it.” This isn’t somebody using a Facebook page to do terrorism fundraising. And they can call Mark Zuckerberg and say, “Mark, you better take this down, or we’re slapping sanctions on you.”

This shows the fundamental lack of understanding by the Treasury as to how this works. The Treasury can scream at Tornado Cash all at once. And Tornado Cash will just keep working no matter what. And because it is open-source, nobody owns it. People can just copy the code and create another version of it. You can have a million versions of these mixers. So what’s crazy about what the Treasury is doing is, they’re not drawing the distinction between the technology and the user.

Now, if a user is using technology in a malicious way, what do we do? The authorities go after the user. They don’t go after the technology. You can’t sanction a technology. You can’t arrest everyone that uses a phone. Cars and trucks now are being used in terrorist events. What does that mean? We’re going to arrest the guy who designed the car? We’re going to arrest the guy who built the car? We’re going to make it so you are sanctioned, so nobody can ever use a car.

You can’t hold an entire global population hostage to the actions of a few people. Do you know how much crime is committed through phones, through the internet? Let’s talk about money laundering. They’re talking about $7 billion being laundered through Tornado Cash. To you and I, $7 billion is a lot of money. But $7 billion is not even a spit in the ocean for the $2.5–5 trillion a year of money laundering that goes through the banking system.

Are we all now criminals because we use banks, or all banks criminals now because they allow this? Well, that’s a whole other discussion.

My point is, when you shine the light of logic on this action, you can see it’s driven by crazy overreach and control. And it’s also driven by absolute ignorance. Everybody has learned that you can’t control this type of technology. And so what you have to do is go after end users. And so this is a distinction that was made by the Financial Crimes Enforcement Network (FinCEN), another area of the Treasury.

This is very strange. You have OFAC and FinCEN, the right arm doesn’t know what the left arm is doing. So FinCEN has drawn a distinction between service providers and software providers. If Joe blow operates this mixer, then he is subject to bank secrecy acts. The software is independent. The software is almost like an LLC or corporation, even more so, in fact, because nobody owns it.

And it’s the thing that regulators are having a tough time getting their head around. That you can have a piece of software that operates like a corporation, facilitates billions of dollars of transactions, but no one owns it.

There is no one to sanction. And so trying to say you cannot interact with this piece of technology, ultimately, I don’t think it will stand up, they’ll have to reverse their position. And go after the people that are using it.

If you can tie certain addresses to the use of Tornado Cash that are doing illegal activity, fine, go after them, sanction them, put those addresses on a blacklist. But you can’t blacklist the entire piece of software.

You had people that were using it legitimately, and now their money’s tied up. They can’t move it anywhere. And now all of their addresses that they use that interacted with Tornado Cash are blacklisted. Their accounts everywhere else with these centralized exchanges have been completely locked down.

USDC, the stablecoin, has literally locked those coins. Think about how scary that is. At least if you hold cash, the government can’t press a button, and take my cash. They’ve got to kick in the door, find the cash, and then take it.

But USDC just says, “Okay, sorry. OFAC says that we have to block anybody that has touched the smart contract,” and at the press of a button, they can completely lock your capital. That’s insane. It’s why I would never keep sizable amounts of money in a stablecoin. Sure, it’s fine if you need to move money from one platform to another. But in terms of holding your money in a stablecoin, no way, at least not a stablecoin that can be controlled to that degree.

That’s insanity.

👉 The Government Will Steer Clear of Bitcoin and Ethereum
There’s a lot still to be done within the space to improve it. And so I think this is creating some fear in the marketplace, where people are saying, “Well, okay, what’s to stop the government from cracking down on another Ethereum smart contract? Or what’s to stop the government from saying, “Oh, you can’t ever interact with the bitcoin blockchain. We’re going to put that on the OFAC list.”

Now, before you freak out, it’s not going to happen. And I’ll tell you why. One, the government has already come out and said, “We’re leaving bitcoin and Ethereum alone.” But two, the government knows how many American citizens own bitcoin, and for them to do something like that, which would, of course, radically rack the price of bitcoin, you would be torching tens of millions of votes.

Because its base of ownership is so large and so broad among different socioeconomic levels and different political power bases, it’s politically untenable for the U.S. government to now make a move like that against bitcoin.

But I don’t think everybody’s thought that through, which is why there’s some weakness happening in bitcoin and also Ethereum. The same is true for Ethereum. They’re going to leave Ethereum alone. It’s just too big. And there are too many people in power that own it that have the economic incentive to protect it for the government to shut them down. But, they’re nipping at the heels in these different areas. And it’s important that if you have any type of influence at all, that you should exert it here.

👉 We All Need to Fight for Privacy Rights
Now, I don’t want anybody to spin this, that I’m defending money laundering. I’m not, but I’m defending privacy and I’m defending the right for everybody to have access to technology.

I’m fighting against a small group of people in a room determining what technology you and I can interact with, because if they had their way, we wouldn’t have had the VCR.

We wouldn’t have had email. There was an uproar about email when email first came out. That it was violating postal rules. That we wouldn’t have had cryptography. That gives us a measure of privacy. Now, we wouldn’t have had the internet. Think about how much economic value has happened because of the internet. These are all technologies that a small group of people decided we couldn’t have. We couldn’t have that much freedom.

It’s up to us to stand up and say, “No, this is our freedom. You don’t get to tell us what to do.” This is not 1984, even though it feels like that. For those of you that are young, that don’t know that, look that up. George Orwell, 1984.

So it’s important that we make a stand here because privacy, I believe, is a fundamental right. If I want to be able to spend my money privately, there’s nothing wrong with that. And I don’t have to justify that. I don’t have to be in a position where I’m made to feel like a criminal, because I want to buy something without somebody else knowing what I’m buying. That there’s absolutely nothing wrong with that. And to hold a global population hostage for the actions of a few criminals, well, then we might as well be living in cells and they just let the doors open when it’s time to go to work.

They monitor us, and we go to work, and then the cell door opens, and then we come home and they close the cell door again to keep us safe and make sure we’re not committing crime because that’s the direction the world is going in. And I, for one, don’t want to live in that kind of world. And so it’s important for us to raise our voices and be heard when the government is trying to overreach and impinge upon our liberties. And this is one of those times.

Friends, this is not a political thing. You can be on the right, you can be on the left, wanting to be able to spend your money however you want to spend it, as long as you and I have no interest in money laundering or helping criminals. And 99.9% of us don’t. There’s a small population that does. Why do we have to live in a world that is built around controlling these fringe lunatics? Why do we all have to pay that price?

No, absolutely not. That’s trying to make the government’s job easier. Government, we’ve given you the money, you go find the lunatic. Don’t hold us all responsible for the activity of these few people. And again, it’s not a political thing, whether you’re on the right or the left, whether you’re in the middle, whether you’re on the moon, privacy matters. And we all deserve it.

All right, friends, that’s enough out of me. If you have any questions, comments, please send them in. Of course, I can’t give you any personalized investment advice. I’ll continue to keep abreast of what’s going on. If anything changes between now and the Merge of particular importance, I’ll be in contact with you.

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Na 2000€ zmrazí cenu

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