This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.This isn’t an intro about literal plots of lands in the metaverse. This is an interesting concept regarding Bitcoin and Ethereum.Michael Saylor is known for saying that “Bitcoin is digital real estate," an idea that he first presented on my podcast. Last time he was on the show, he laid out an incredible case as to why owning Bitcoin is like owning "a piece of Manhattan." I thought the idea was brilliant and it has since popped up everywhere.There is a case to be made that Ethereum is a superior corollary for digital real estate and the actual, “piece of Manhattan.” I just recorded an episode with Haseeb Qureshi, (another brilliant investor), who made this case, not knowing about Saylor's earlier assertion. The episode releases Thursday and is one of the best conversations that I have ever had on the podcast, hands down.Below is an excerpt from Michael Saylor, followed by an excerpt from Haseeb Qureshi. Decide for yourself. What do you think? Are they both digital real estate or does one make a better case?Michael Saylor’s Case:“I think you're going to see digital property, digital currency, and digital applications Scott. And digital property is Bitcoin, it's like the block of cyber-Manhattan and it'll be based on a proof-of-work network and it'll be mined. Digital currencies, they're going to be stable coins and CBDCs, they're going to be with digital property. You optimize it for integrity and durability, but you want it to last for a thousand years like the city block in Manhattan it's on granite. Manhattan is built on granite, that's why it's still there 300 years later because you can build something. You don’t build on sand, you don't build on clay, you build on granite. Do you want it to move fast no, you don't need to move fast. Does it need to be functional? No. It needs to be inertial if I'm going to lean on something, I need to know it'll be there in a hundred years.”Haseeb Qureshi’s Case:“I think Ethereum has defined itself as being something else, trying to accomplish a different goal. I argue that Ethereum is like Manhattan. It is the most valuable per square foot place on Earth when it comes to blockchains. Look at Detroit, Jersey City, LA, they are cheaper, bigger, can take more people in, but Manhattan isn't trying to do this. It is trying to be the most valuable place where the largest players and most money go to roost. Yes, it is congested, yes it is expensive, yes it is annoying to get across town and sucks in annoying ways, but if you are trying to play the largest games, you go to Manhattan. If you want to start a bank you go to Manhattan. But if you are trying to build a country, you build cities with different properties, hit different price points, and specialize in different things. This is like what we are seeing with different blockchains. They are all trying to hit different points on the centralization to performance trade-off curve. Maybe Solana is like Houston and Avalanche like LA and another blockchain like Denver. Bitcoin is more like a commodity, it is very scarce. Ethereum is more like a city, it is a network. Cities are not valuable because of the granite; it is valuable because people live there. If a bomb went off, everyone would leave, nobody would care about the granite.”The two excerpts above only scratch the surface of their arguments. Both Saylor and Qureshi spent a lot of time talking about these ideas, so I highly suggest you watch both episodes (tomorrow). They have a way of putting abstract concepts into more digestible forms, something I strive to do every day for all of you.Chart Request Live Stream at 1:30 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 12:30 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormYouTube ChannelIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.In This Issue:Digital Real EstateMetaverse Tokens Running Hot - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsBitcoin Fixes ThisCanada Launches Ethereum ETFCanada Approves Bitcoin Spot ETFMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #382 - Digital Real Estate
The Wolf Den #382 - Digital Real Estate
The Wolf Den #382 - Digital Real Estate
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.This isn’t an intro about literal plots of lands in the metaverse. This is an interesting concept regarding Bitcoin and Ethereum.Michael Saylor is known for saying that “Bitcoin is digital real estate," an idea that he first presented on my podcast. Last time he was on the show, he laid out an incredible case as to why owning Bitcoin is like owning "a piece of Manhattan." I thought the idea was brilliant and it has since popped up everywhere.There is a case to be made that Ethereum is a superior corollary for digital real estate and the actual, “piece of Manhattan.” I just recorded an episode with Haseeb Qureshi, (another brilliant investor), who made this case, not knowing about Saylor's earlier assertion. The episode releases Thursday and is one of the best conversations that I have ever had on the podcast, hands down.Below is an excerpt from Michael Saylor, followed by an excerpt from Haseeb Qureshi. Decide for yourself. What do you think? Are they both digital real estate or does one make a better case?Michael Saylor’s Case:“I think you're going to see digital property, digital currency, and digital applications Scott. And digital property is Bitcoin, it's like the block of cyber-Manhattan and it'll be based on a proof-of-work network and it'll be mined. Digital currencies, they're going to be stable coins and CBDCs, they're going to be with digital property. You optimize it for integrity and durability, but you want it to last for a thousand years like the city block in Manhattan it's on granite. Manhattan is built on granite, that's why it's still there 300 years later because you can build something. You don’t build on sand, you don't build on clay, you build on granite. Do you want it to move fast no, you don't need to move fast. Does it need to be functional? No. It needs to be inertial if I'm going to lean on something, I need to know it'll be there in a hundred years.”Haseeb Qureshi’s Case:“I think Ethereum has defined itself as being something else, trying to accomplish a different goal. I argue that Ethereum is like Manhattan. It is the most valuable per square foot place on Earth when it comes to blockchains. Look at Detroit, Jersey City, LA, they are cheaper, bigger, can take more people in, but Manhattan isn't trying to do this. It is trying to be the most valuable place where the largest players and most money go to roost. Yes, it is congested, yes it is expensive, yes it is annoying to get across town and sucks in annoying ways, but if you are trying to play the largest games, you go to Manhattan. If you want to start a bank you go to Manhattan. But if you are trying to build a country, you build cities with different properties, hit different price points, and specialize in different things. This is like what we are seeing with different blockchains. They are all trying to hit different points on the centralization to performance trade-off curve. Maybe Solana is like Houston and Avalanche like LA and another blockchain like Denver. Bitcoin is more like a commodity, it is very scarce. Ethereum is more like a city, it is a network. Cities are not valuable because of the granite; it is valuable because people live there. If a bomb went off, everyone would leave, nobody would care about the granite.”The two excerpts above only scratch the surface of their arguments. Both Saylor and Qureshi spent a lot of time talking about these ideas, so I highly suggest you watch both episodes (tomorrow). They have a way of putting abstract concepts into more digestible forms, something I strive to do every day for all of you.Chart Request Live Stream at 1:30 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 12:30 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormYouTube ChannelIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.In This Issue:Digital Real EstateMetaverse Tokens Running Hot - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsBitcoin Fixes ThisCanada Launches Ethereum ETFCanada Approves Bitcoin Spot ETFMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO