►
From YouTube: Current state of crypto market
Description
Peerplays Official Channel
A
Right
now
we're
in
a
situation
where
the
larger
macro
markets,
which
are
the
s
p
and
the
nasdaq
and
all
the
all,
the
all
the
trading
and
and
the
fiat
world
is
impacting
the
crypto
scene
in
a
large
way.
There's
been
a
lot
of
regulatory
sort
of
speak,
that's
been
coming
out
from
the
u.s
and
there
that's
caused
some
concern
for
some
people.
A
lot
of
people
are
looking
at
the
interest
rate.
A
When
you
look
at
what's
happening
as
far
as
bitcoin
goes,
you
have
a
situation
where
it's
been
floating
around
40k
40k
or
like
ever
actually,
the
last
or
the
last
four
weeks,
as
a
matter
of
fact
has
been
around
the
same
level
and
we
haven't
seen
that
kind
of
extent
of
the
we
haven't
seen
that
kind
of
price
action
going
sideways
that
long
in
over
two
years.
I
believe,
and
because
of
that
everybody's
expecting
some
kind
of
breakout
up
or
down
right
and
of
course,
that's
anybody's
guess
now.
A
What's
happened
aside
from
bitcoin
there's
the
alt,
the
altcoins,
the
altcoins
haven't
been
performing
so
great
lately,
primarily
because
there
is
more
bitcoin
dominance
happening
now,
more
people
are
moving
into
bitcoin.
Currently
I
believe
the
dominance
is
currently
over
60
right
now,
so
that's
got
a
lot
of
kryptos.
A
Basically,
a
lot
of
the
altcoins
are
down,
but
a
few
of
them
are
shining
stars
among
them,
dogecoin,
which
took
off
thanks
to
elon
musk
once
again
with
his
announcement
that
he's
going
to
be
acquiring
twitter
and
because
of
that,
of
course,
lots
of
people
are
expecting
more
integration
with
doge.
Because
of
that
and
then
there's
a
and
then
there's
a
few
other
stars
that
are
shining
but
they're
they're,
not
on
trend.
It's
not
necessarily
a
trend,
it's
kind
of
like
a
moment
just
like
crypto.
It's
it's
it's
volatile
right.
A
I
believe
it
was
cnbc
and
they
asked
me
the
question
of
how
much
will
be
how
high
can
bitcoin
go
right
and
on
that
show
I
said
it
could
likely
go
to
a
hundred
thousand
dollars
right,
and
that
was
back
in
2017
that
I
said
that
right.
I
preface
it
by
talking
about
the
winklevoss
twins.
I
was
just
like.
Oh
you
know,
like
the
likes
of
the
winklevoss
twins
are
saying,
could
go
to
a
hundred
thousand
dollars,
so
nobody
can
come
back
and
say
that
I
said
100,
but
I
didn't
I.
A
I
learned
to
be
more
more
firm
with
my
own
own
predictions.
Obviously
it
didn't
go
to
100.
It
got
to
21
back
down,
but
here
we
are
around
40
now,
so
you
got
to
think
about
the
fact
that
bitcoin
as
a
market
as
a
total
market
cap,
is
currently
only
about
one
trillion,
like
it's
loading
below
a
trillion
dollars
right
and
there's
a
huge
amount
of
in
of
of
institutional
interest
in
bitcoin
now.
A
Okay,
so
imagine
that
everybody
is
now
going
to
be
able
to
put
to
be
able
to
direct
their
401k
to
be
able
to
go
into
bitcoin
before
they
couldn't
do
that
they
just
been
able.
They
just
been
able
to
start
to
do
that.
So
this
is
going
to
be
eight.
This
is
gonna,
make
it
so
that
all
that
money,
that's
going
into
pensions
is
now
gonna
be
able
to
move
to
bitcoin,
there's
etfs
that
are
being
approved.
So
that
means
more
institutional.
A
Money
is
gonna,
be
able
to
make
movements,
so
it
it's
going
to
take
it'll.
It
takes
just
so
little
of
the
current
market.
Capitalization,
that's
going
on
like
in
the
world
to
come
into
bitcoin
to
make
it
go
to
in
the
next
10
years
easily,
and
I'm
and
I'm
being
conservative
easily
within
the
next
10
years,
it'll
be
over
a
million
dollars.
There's
just
there's!
No
denying
that
you
look
at
you
look
at
the
size
of
the
markets
as
they
are
the
inflation
that
we've
seen.
A
You
know,
even
as
I
say,
a
million
dollar
bitcoin.
You
got
to
think
about
what's
happening
with
the
value
of
the
dollar
today
and
where
it's
going
down.
So
as
as
fantastic
as
a
million
dollars
sounds,
a
million
dollar
bitcoin
sounds
in
ten
years
that
could
sound
to
us
today
like
a
hundred
thousand
dollars
when
you
think
about
the
rate
of
inflation
and
the
rate
of
of
of
of
the
value
of
the
dollar
going
down
so
quickly
right.
So
I
think
that
within
the
next
10
years,
a
million
dollars
is
very
conservative.
A
If
we
see
more
of
a
collapse
happening
with
the
current
markets
in
terms
of
the
the
value
of
fiat,
and
we
see
more
countries
moving
away
from
the
u.s
dollar,
then
the
value
of
bitcoin
is
going
to
appreciate,
while
the
value
of
the
dollar
is
going
to
depreciate,
which
means
that
the
million
dollar
bitcoin
is
it's.
It's
yeah
you're
talking
about
millions
now
we're
talking
about,
possibly
in
the
neighborhood
of
like
five
to
ten
million
type,
bitcoin,
so
being
able
to
have
point.
A
A
Maybe
it
sounds
like
you
know,
bitcoin
maxi
kind
of
a
kind
of
talk,
but
the
truth
is
is
that
you
got
to
look
at
the
size
of
the
market
at
where
we
are
now
it's
still
early
like
it.
We
we
really
are
early
and
there's
still
so
much
room
for
growth.
Will
it
reach
beyond
that?
Possibly,
but
just
just
the
other
day,
I
believe
the
central
african
republic
actually
started
accepting
bitcoin
as
as
legal
tender.
A
A
It's
gonna,
be,
I
believe,
sometime
until
the
larger
ones
will
consider
it
simply
because
they
have
so
much
power
with
their
fiat,
as
it
is
they'll
probably
be
late
to
the
party,
but
I
believe
that,
as
we
see
more
of
that
attrition
of
the
current
financial
system
just
scrape
away
at
what's
left
of
its
rotting
bones,
you're
gonna
end
up
seeing
them
turning
over
to
it
as
well.
There's
just
gonna
be
no
choice.
A
So
it's
pr,
I
believe
that
within
the
next
ten
years,
you're
gonna
see
conservatively
a
million
dollar
bitcoin,
or
it
might
be
something
that
we
we
may
not
even
in
the
next
10
years
to
be
truthful.
We
may
not
even
be
looking
at
things
in
terms
of
dollars
like
the
concept
of
like
there
might
be
a
mindset
change
to
where
we
don't
look
at
the
price
of
things
in
dollars
anymore.
We
look
at
the
price
of
things
in
sats
right,
like
how
many
stats
is
that
burger?
It's
like.
A
Oh,
it's
point,
zero,
zero,
zero
one
or
something
like
we
won't
even
think
about
it
in
in
in
in
sats
anymore,
we'll
think
of
it
in
milliset
right
so
we'll
give
it
like.
Oh
it's
like
one,
it's
one
millisecond
right
and
then
that
way,
that's
how
we're
going
to
get
away
from
the
you
know
the
the
difficulty
we
have
of
the
of
the
the
eight
precisions
from
one
where
normally
with
dollars.
We
only
have
two.
We
have
two
cents
to
deal
with
here.
A
We
have
eight,
so
I
think
people
might
get
into
millisats
as
being
the
common
funicular
and
then
they're
gonna
actually
start
calculating
things
in
that
way,
and
then,
of
course,
when
that
happens,
who
cares
how
much
it
is
in
dollars?
Right?
Bitcoin
is
worth
a
bitcoin
and
and
10
years
from
now
how
far
that
bitcoin
goes
when
there's
only
21
million,
technically,
probably
only
about
16
million,
then
that
that
are
actually
in
circulation,
you're
gonna
be
see,
you're
gonna
see
just
massive
amounts
of.