“People are Panicking” Bitcoin Ethereum MASSIVE UNLOCK!!! 🚨

Tension crypto holders there are two big catalysts 
in the cryptocurrency market today that if either   Of these two catalysts play out could send crypto 
prices lower a lot lower not trying to create fud   Because rest assured in today's video I'm going 
to give you the full picture do not be fooled what   Are the two catalysts crypto holders are worried 
about number one the SEC will take action against   Ethereum and classify ethereum as an unregistered 
Security in fact coinbase CEO recently warned that   The SEC may consider ethereum a security not 
that he wants this just warning that the SEC   Is cracking down and it's not surprising by the 
way you know the current Financial system is built   On 40 year old technology some of the laws have 
been around for 100 years before the internet even   Existed if the SEC decided to take action against 
ethereum and deem ethereum and unregistered   Security that would surely tank the market 
because if that happens virtually no cryptos   Except Bitcoin could live let alone thrive in 
America that action would create fear uncertainty   And doubt across the world this is particularly 
of concern to the cryptocurrency industry in   America because the SEC just went after popular 
cryptocurrency exchange Kraken to discontinue what   They call their unregistered security offering 
I.E the staking that you can do on kraken's   Platform is an unregistered security to the SEC 
they made him pay 30 million dollars settle the   SEC charges you can no longer stake on Kraken 
crypto Catalyst number two could be a massive   Unlock of both Bitcoin and ethereum flooding the 
open market this month crypto personality and   Analyst Kobe tweets they're going to release the 
mount gox Bitcoin the same week they unlock post   Merge staked ethereum they just want to maximize 
chaos 6 to 12 months away probably it's going to   Be funny don't trust anyone this was kind of a 
joke tweet by him back August 27 2022 seems like   Reality is imitating parity Mount gox creditors 
May finally start seeing their Bitcoin this month   March Shanghai upgrade where ethereum eath becomes 
unlocked from the staking contract slated for   March this would be the most massive unlock from 
people with mostly lower cost bases than current   Prices could get ugly no God no God please no 
no addressing issue number one is ethereum at   Risk of being classified as a security and as we 
answer this we need to make sure we understand the   Finer points of why the SEC went after kraken's 
staking program in the first place what exactly   Were the issues Andrew Keys co-founder and 
president of Dharma capital on coindesk Andrew   Does all this talk about eth potentially 
being a security make you nervous at all   I don't think it makes me nervous I think when 
understanding what the SEC explained they took   Specific issue with how Kraken was using their 
program for staking as a service uh when you   Dig into the details there were two pieces that 
I found uh specifically compelling one was that   The SEC took issue with the co-mingling of assets 
and the other was that rather than a technology   Service provider that charged a percentage of 
a validator's return for example if a ethereum   Valid or generated 10 ether you could have a 10 
fee uh and and basically nine ether would go to  

The client one percent would go to the technology 
service provider they didn't publish the way that   The staking yields were processed so chairman 
Gensler used the example that Kraken could have   Potentially traded to generate yield or lent uh to 
generate yield or state to generate yield so so I   Think there was specific Nuance that should 
be considered with respect to understanding   Really what the issues that were taken yeah and 
just to remind viewers Kraken paid a 30 million   Dollar fine to the SEC as a settlement and they're 
discontinuing its crypto staking services for U.S   Customers what lessons can we learn from this 
then so I think the Lessons Learned are to uh   Potentially have non-custodial staking with assets 
that are not commingled and that staking vendors   Really need to operate as service providers 
not uh entities that are essentially offering   A certain amount of yield that you would see in 
an investment contract addressing issue number two   Mount gox Bitcoin plus ethereum staking massive 
unlock happening at the same time this month March   First of all the Mont gox Bitcoin flooding the 
market this has been a fun narrative since 2014.   People have been talking about this exact thing 
flooding the market with Mount gox coins since   2014 since right after it happened not saying that 
it won't create some cell pressure but I do think   The fear uncertainty and doubt around all of this 
has been largely overblown and after it happens   We'll be all good let's talk about ethereum 
staking so the ethereum staking unlock happens   When the Shanghai upgrade goes live this has been 
slated for March for a while this is true that   The unlock will happen however it is a myth that 
all the eth staked will be unstaked and unlocked   All at the same time or same day not even the same 
week not even the same month because when Shanghai   Goes live it will actually be a waterfall or a 
ladder sort of thing where each stakers will be   Able to unstake their eth In Waves I've said this 
before that I think the eat staking event although   There could be some initial unstaking and initial 
selling in the beginning I think being able to   Unstake ethereum in the long term is bullish 
because it will ultimately get much more people to   Stake ethereum over time again taking Supply off 
the market not to mention in true ethereum fashion   Ethereum developers push back Shanghai upgrade to 
early April so not even in March anymore and it's   Possible they push it back even more so I think 
that this is overblown for full context and more   On what exactly ethereum's Shanghai upgrade will 
do let's go back to Andrew Keys is he bullish or   Bearish Shanghai is scheduled to occur in late 
March or early April and what this does it enables   Ethereum staking withdrawals so essentially we've 
had a one-way Street where uh participants could   Stake their ether earn the yield but weren't able 
to access that yield or the principal ether now   We'll be able to have withdrawals so big picture 
I actually think short term this could be bearish   As people access liquidity but long term I 
definitely believe this to be bullish as now   There's the ability to withdraw we believe that 
more will actually stake currently there's about   15 percent of all ether that's about 29 billion 
dollars of total market cap that's being staked  

And I could easily see that number going to 30 to 
40 percent over the next 24 months and and lastly   I think once this upgrade is done we're getting to 
the really interesting scalability upgrades uh so   Proof of State kind of set the stage for what's 
called dank sharding uh where uh ethereum can   Have shards of the network form consensus rather 
than having the entire network form consensus so   Uh getting this kind of logistical upgrade out 
of the way sets the stage for a really important   Scalability upgrade which is kind of the what 
ethereum has really promised and has researched   Over the last five seven years get your tickets 
to nftla it's now called the outer edge it's   The second time they're putting on this nft and 
web3 event in La March 20th through 23rd use code   Altcoin daily 10 sent off hope to see you there 
will be speaking or moderating some panels it's   Going to be awesome get your tickets to bitcoin 
2023 Miami May 18th through 20th Miami Beach this   Year use code altcoin daily 10 off this is the 
biggest Bitcoin Conference of the Year ticket   Prices continue to increase as we get closer to 
the event use code altcoin daily 10 off get your   Tickets now so with ethereum Shanghai upgrade and 
all the upgrades that can be done after that you   Know bitcoiners have long said be your own bank 
now ethereum can provide all the functionality   Of a real life Bank two-factor authentication 
password recovery set spending limit subscription   Payments too in this case we're talking about 
account abstraction and the launch of ERC 4337   Specifically this is coming up in ethereum's 
roadmap so how bullish should we be once   Ethereum's Shanghai upgrade goes live once account 
abstraction goes live once sharding goes live not   To mention the developing L2 ecosystem everything 
that ethereum has going for it projecting out in   The next one two three five to ten years 
how bullish can we be on ethereum ethereum   Is taking is a big industry but it's going to 
get so much bigger than anyone can imagine solo   Staking centralized decentralized liquid staking 
derivatives institutional stakers restaking liquid   Staking derivatives as defy collateral and more 
this will all lead to ethereum staking becoming   A trillion dollar industry the bull case for 
ethereum staking is no longer that ethereum will   Be the settlement layer for the internet that's 
not the base case the new bull case for ethereum   Is that it's the security layer for the entire 
internet eth staking goes from one dimensional   To omnidimensional so as an investment what are 
we talking about let's go back to coindesk make   Sure you subscribe to our channel daily videos 
keeping you informed on the entire cryptocurrency   Market smash the like button and let's talk about 
price prediction and return on investment for   Ethereum we believe that ethereum has proven that 
blockchains can form consensus without the over   Consumption of electricity as in bitcoin's proof 
of work which we think is extremely important   Furthermore the ability to generate yield without 
the need to rehypothecate like what's happened in   Celsius or block Phi with their lending programs 
we find very compelling and lastly as a network we   Think ethereum has proven to become deflationary 
through What's called the eip1559 which is a  

Method of burning ether per transaction so in 
terms of kind of the Institutional Investor   Outlook we think that this is probably the most 
compelling asset in terms of risk-adjusted returns   We still believe there's probably a 10 to 50x in 
ethereum over the next five to ten years and now   That one can be ESG friendly generate yield on the 
asset so you can essentially earn more of it by   Being long and contributing to beneficial actions 
within the network and having this deflationary   Policy within the ecosystem is compelling it 
would be fair to say I have a majority of my   Chips on ethereum because I believe this is the 
substrate for the next generation of the global   Economy and I think that this commodity of ether 
and and the block space that it represents will   Continue to be one of the most important 
assets going forward over the next decade


Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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