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it allows apps from 50 plus blockchains to to pull data from each other by staking the native token in return for x amount of relays

"I'm not Kim Kardashian". I have to remind people of that all the time as well.

My thesis is simpler. Web3 is a solution looking for a problem, and 99.99% of projects are scams and pumps. It's a great way to speculate and it's one of the only assets that can move 100x. All altcoins are correlated to BTC and when BTC falls they all fall in unison, it's pointless to sell BTC and buy stuff that is much worse than it. I'll wait for BTC to bottom before buying any altcoins.

The counter argument to your thesis is that ETH and ETH layer 2s take most of the future marketshare in the Web 3 space. This would result in your bet not panning out. Good luck!

Sold your BTC? Sold your freedom then…

Skeptical of all those chains, where is the substance and user value that solves problems? Imagine a solution that involves facial id via webcam, transfer and conversion of fiat into something which is 100% safe against govt theft, a live conversion into fiat when you pay for something that works instantly. Or a trading system coupled to actual stock and forex markets doing the same. AI was not mentioned. What I'd prefer is a hardware AI solution in which I can talk to my AI financial advisor on the sceen every morning, offering me investing opportunities.

Web3 has a little "flying cars" vibe going on… Is the reason we don't have flying cars that the tech is bad or is it that it can never be allowed by authorities? Privacy on the internet will never exist, it would threaten the entire civilization

The cosmos ecosystem has so many chains. Where do you feel the most value will accrue in the future? Atom, Juno, Osmosis etc? Atom seems to be the strongest at the moment, but does not have as much built directly ontop of it (aka less use cases). How would you invest into the ecosystem since it is unlike most L1s out there.

Thanks for your videos – always enjoy them! Appreciate your real take on banking, investing and financial management.

I love these types of videos, it's great to know the reasoning behind your opinions.

Hey Michael, can you do a video about Lithuania startup visa? It seems pretty streamlined, schengen access, low investment requirements, wages are pretty low + support for Ukrainian refugees. Would love to hear your take on it. Thanks!

Michael, why not ETH in your list. ETH seems to be on the list of many who are embracing multichannel blockchains. Also ETH developers are working hard to overcome the scalability of there chains. Also ETH has size that many altcoins do not have being the 2nd largest crypto. I would like to ask you also about TEZOS and Stellar.

Great video. Really helpful when trying to get different points of view and not just shilling.

Do you hedge the risk in your portfolio with any stable assets? Like foreign currencies or commodities. It's an interesting play to go from BTC and into these other alt coins. IMO, the bear cycle is not over for cryptos yet. Which would have me concerned about the alts more than BTC. Just because they have a tendency to crash harder in these bust cycles.

Thank you, good, video! You tracking different assets classes…. what data sources you using for valuation, analysis, like a Bloomberg…?

The idea that web3 is an evolutionary milestone in internet and crypto integration to me is a hazy one. It's an area that exists and one we should focus on in hopes of finding the next 100Xs. One can look at chains moving value, executing contracts, providing defi, and all the combinations and variations of these as isolated tools. To call something having web3 potential would be to integrate in a seamless manner some of the functions.
My issue is that we haven't gotten any of those right; yet. Ethereum is a work in progress ('ßeta' one could argue), bitcoin is not what it should be (cheap, fast, fungible), bridges (too centralized), stable coins (lol) and so on.
So web3?
How about we go one step at a time?
and keep an eye on web3 just like we should keep an eye on anything else.

He's on the corner of Couch and Pine Table court.

How does value accrue to the Atom token?

You made a good thesis – my only contention is that it's too long of a time horizon. 10-20 years when most of us are looking at a 4 year crypto cycle. The ones you mentioned are all safe picks for the next bull cycle anyway. I'm sceptical whether sharding will happen in the next 3 years for any of the projects mentioned.

Once again, I agree on pretty much all points, especially those regarding who the contenders are.
While I do still hold a lot of Avalanche, I would never recommend it to someone new to the space, given than I bought it at 33 cents.
I think the best contenders, investment-wise, are those that haven't launched yet.
If following cryptoassets is not your full-time employment, and you have limited time and resources, imo you should only focus on new tech and upcoming offerings, since following everything can be overwhelming and this is the most efficient use of your time.
Just as an example, I was given 2000 AVAX for simply running a node on a $15/month VPS for a month, right before the actual sale. Some people who put their life savings into Avalanche later on still didn't buy that many, and I literally spent 20 minutes configuring the node, and $15 to host it. There is tremendous value in getting in before the initial launch, that speculating on assets that are already 100x up simply cannot give you.

P.S. Given how poorly you value Polygon compared to other chains, I'm curious as to why it is your preferred network to receive crypto payments on xD

I love this channel because I get the insights of doing business in different countries. I specifically enjoy the tours and tips when you are visiting places. The games are fun!! Keep doing it please

Integrated 25 projects. There are literally 1000's of failed projects representing 100's of billions of $'s invested. The only proof of success is how long you've survived. Call me after your projects survive 7 years like Ethereum and 13 years like Bitcoin.

Quite sad that even a dev on the Tornado Cash team got arrested. I feared this would happen because the FBI/CIA was unable to create a backdoor (even enlisting help from the private sector) to Tornado Cash so they outright sanctioned it.

For non-US resident aliens with LLC in USA who live in the UAE and (are NON-USA citizens)
Would you recommend buying USDC coin/stable coin using income from US LLC in the USA bank and sending that USDC to my binance wallet in UAE and cashing out from here?

If i want to move big amount of money just not to trigger the banks or anything.. and you know how slow transfers can be with traditional banking.

Do you advise this? is there any tax implications? once crypto arrives to my UAE binance wallet do i need to report crypto transactions to IRS. thanks