A U.S. Congress Candidate is bullish on blockchain, MicroStrategy keeps the gas on the floor and buys more Bitcoin, and you might have heard all about layer two protocols, but what about Layer threes? My name is Ben, this is your nightly crypto news wrap up, LET’S GET IT!
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January’s Vote for Crypto
VIDEO LINK (3:58 “So the reason…”- 4:28 “wrong here” AND
A United Utah party candidate, January Walker, is a self-described 32-year-old moderate millennial and she’s running for Utah’s forth congressional district. As you all know, we don’t like to choose sides or talk politics on this channel, but I’m bullish on January because she’s bullish on blockchain. I’m not talking in terms of price action either…she’s bullish on blockchain because she sees pragmatic use cases where it can optimize real life issues. As you heard from the clip, she believes that blockchain could improve voting and make elections more legitimate while simultaneously cutting back on wasted funding. Not gunna lie…She has a point; you can’t rig an election if every vote is verifiable on the blockchain. Just yesterday, she took to twitter saying that “Blockchain will solve the water crisis.” She elaborated in a follow up tweet saying that smart water grid systems would enhance consumption, allowing for sustainability and resiliency during droughts. See, these are the types of free thinkers we need on the front lines of politics teaching the people why and how blockchain can improve the world as we know it. In a different interview we learned that January’s top two Altcoin picks are Cardano and H-Bar, because of their efficiency. And if we were talking about price action, I’d say those are DEFINITELY two solid choices for long term holds. I don’t live in Utah, but if I did, I’d vote for January Walker. Let’s pass it to Frankie Candles for a Market Watch!
Micro’s Macro Strategy
Michael Saylor and MicroStrategy are keeping the gas pedal all the way down on the floor, because this morning, Saylor tweeted out that they purchased 301 more Bitcoin for $6 Million dollars. After this purchase, they now own 130,000 Bitcoin, worth just shy of $4 Billion dollars, for an average buy in price of $30,639 per bitcoin. There’s a lot I could say about this MASSIVE purchase, but I want to keep it relatable to the audience. This goes to show that it’s worth HODLing for the long term, even if you’re down from where you bought in, and that’s regardless of how big your bag is. I know this bear market seems like it will never end, but please, have faith that there’s a light at the end of the tunnel. I have faith because no matter how bad the price action gets, the top whales in the industry keep adding to their bags, and they wouldn’t spend billions of dollars if they didn’t think it was a sure win. If you’re wondering where the best place to buy bitcoin for yourself, be sure to check our deal with Binance, where you can get up to $600 dollars just for signing up.
Ethereum Layer 3’s?
We all have our favorite layer two projects, right? Like Matic, Optimism, Immutable X, etc…but what about Layer three protocols? Well, that’s because they don’t exist…at least NOT YET! Ethereum Founder Vitalik Buterin recently posted on his website all about his vision for layer three’s and how to make sense of them. It’s quite the read, and if you want to dive really far into the technical stuff, we’ll leave a link for it in the description. Long story short, layer twos are used to help scale the Ethereum network, the other hand, according to Vitalik’s vision, layer three’s will be to provide “customized functionality,” as well as more security and decentralization. To elaborate, Vitalik states, “One possible argument for the three-layer model over the two-layer model is: a three-layer model allows an entire sub-ecosystem to exist within a single rollup, which allows cross-domain operations within that ecosystem to happen very cheaply, without needing to go through the expensive layer 1.” There is obviously still a lot to iron out with this idea, and it’s all still completely theoretical, but rest assured, if anyone could make it a reality, it’s Vitalik. That’s all I got. Be blessed. BitBoy out!