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Bitcoin itself is a well-publicized scam. It's just not the real thing, and he'll end up being a king without clothes. I have always been categorically against cryptocurrencies, Bitcoin, etc. If I were the government, I would shut it all down. Breaking news: JP Morgan now predicts that Bitcoin will have a higher return than stocks, bonds, and gold over the next 10 years. This is the first time JP Morgan has published a long-term forecast for Bitcoin, and it is quite confident. They expect that cash investments over the next 10 years will yield about 3.2% per annum, compounded. They predict that the large- cap stock market will return 7.5%, the small- cap stock market will return 7.7%, gold will return about 5.5
% annually, real estate will return about 8.2% over the next 10 years, and Bitcoin will return 10% annually, outperforming all other asset classes. And why is this report so important? Well, because JP Morgan Asset Management manages $4.8 trillion . The report covers over 200 assets, meaning pension funds, advisors and consultants use it to plan long-term portfolios. And while they don't say it's not risky-they do say it is risky. It is accompanied by the highest volatility. If JP Morgan is right in predicting Bitcoin to grow at an average annual rate of 10% over the next decade -and that's their base case, by the way. This would mean about $214,000 per Bitcoin in 2036. And it's really not about what the world's largest financial institution just said
about Bitcoin, but what they're saying about Ethereum, Solana, and a few other altcoins. Watch today's video in its entirety to understand everything, because this is the first real cycle where Wall Street and institutional capital are trading cryptocurrency differently. This is just crazy for SOL. Solana executed over 50% of Nasdaq's total trades each day for 2 months. And I expect this trend to continue, right? Solana is better mechanisms, better technology, attracting real money and real people to the network. And in less than 24 hours, Solana's biggest update, called Alpenglow, will go live on the mainnet on Wednesday. That's when the final transaction confirmation time will be reduced from 12.8 seconds to 150 milliseconds. Solana will soon
become much faster. We understand that the Hyperliquid crypto platform, one of the gems of this cycle, is starting to integrate with serious big players. Not to compete with them, but to integrate, as co-founder and CEO Jeff Yang explained. When you look at Hyperliquid as the protocol that it really is, it is not trying to compete with any of the companies you mentioned. But I really think that for any company, it's just a tool, a kind of level that they can implement. Nobody competes with the internet, right? You're just using the internet as a tool, right? Take Robinhood or Kelshe, for example: they offer perpetual futures, but they do it in a very vertically integrated way. They seem to own the user at all levels of the system. To put it in perspective:
Hyperliquid is an infrastructure layer for developers, and now we have interfaces like Valor that are worth talking about. Valor, MetaMask, Phantom, well, you know, FOMO. And all these companies shouldn't be building this basic infrastructure. They simply plug into this best-in- class Unix primitive. And if you're optimistic about Hyperliquid, I think you 'll be optimistic about this too. I want to invite you to trade with me. This is through our partner exchange operator Liquid Trading. What I like about Liquid is that they are non-custodial: they are built on Hyperliquid, which means you control your private keys, your coins, and you don't hand them over to an exchange. I call Liquid Trading a kind of universal exchange, because there you can
trade stocks, of course, cryptocurrency, commodities, prediction markets, and even perpetual futures on private companies like Anthropic or OpenAI, even before they go public. Now here's the thing. Hyperliquid does not have its own app. I like the Liquid app, especially their UX and UI. And at night and on weekends, when there is news, say, about SpaceX, I can trade. Everyone else is sleeping at this time. I have an advantage. Use the code Altcoin Daily to get a bonus, as well as a lifetime 10% discount on fees. Link below, go ahead.
Also understand that Bitcoin appears to be breaking away from traditional financials, tech stocks, and the Nasdaq, exhibiting decorrelation, which is significantly better. BTC continues to outperform the Nasdaq, up 40% since late June. This coincides with what we saw at the beginning of the " bull" market in 2023, when BTC outperformed the index for almost 6 months, rising from lows despite a difficult macroeconomic period: inflation, wars, rate hikes, just like today. But in reality, this was the early phase of the 2023 bull market, although the market often believes that BTC is just a leveraged Nasdaq. However, this is not always the case. In 2023, it began to disconnect. This was an early "bullish" phase. Today, or rather, since the end of June, we have started to
disconnect. BlackRock continues to build products around it. BlackRock is filing for another Bitcoin ETF, ticker PBIT. This will be a buffered BTC ETF, meaning you sacrifice some of the potential profit but get protection from downside. Note the global dominance that BlackRock enjoys with premium assets, or simply assets in which they see great potential. First: capture the market. Second: launch more such products. Breaking news: Switzerland approves its first retail spot Bitcoin ETF. This is a huge event. That means 3.5 million potential new investors, more capital, and more big buyers continuing to emerge. And Bittensor Tao has an update.
Click the " like" button if this video is beneficial to you. I would be grateful. This helps me grow the channel. We present eTao, a new system that gives subnetworks control over the distribution of alpha emission. So, subnet owners, remember that subnets are early- stage companies built on the foundation of Tao. These are early-stage robotics companies and AI startups that can now decide how much their miners, validators, and themselves earn, depending on the needs of the subnet. I like it because before everything was stagnant. Until now, subnets have followed a standard distribution: 18% to the owner, 41% to validators and their stakers, and 41% to miners. Such a rigid division did not give subnet owners the flexibility to adapt
rewards to the operation of their subnet, despite the very different needs of each of them. Today, it has become customizable. This can be tailored to each individual network, giving each subnet more power and customization options. I like it. And that brings us to JP Morgan and other altcoins, because you know it. We already informed you a few days ago that JP Morgan is choosing Ethereum for JPM Coin as the tokenization race intensifies. This is important because they had JPM Coin on a private, controlled, centralized blockchain network for years, but realized they needed a network effect. They need to attract liquidity for a better chance of success, and they chose Ethereum. This is a signal. Also this: JPMorgan orchestrates landmark US
commercial paper issuance on Solana public blockchain for Galaxy Digital Holdings. This is serious. How it affects you, how it affects Solana, and why it matters: The transaction, completed on behalf of Galaxy, which also acted as the structure, marks one of the first debt issuances to be conducted on a public blockchain. Coinbase acted as a lead investor along with Franklin Templeton. So don't just go by their words, look at their actions and we can see which public blockchains they choose for tokenization. If you've watched this far in today's video, click " subscribe", join this community, and stay up to date with what's happening in the world of cryptocurrencies. And as always, see you tomorrow.
