Another BITCOIN Crash!? Panic? No! Pump in 3..2..1

Hey yo, what is going on & what is up, with
the Chico Army and any new soul, who I like to call a viewer of the tube. My name is Tyler the host of the crypto channel,
that looks like a hippie, but blows you away with the talent, kind of like this group of
beach bumps…..so I made a big mistake…try to see it once my wayy! You know our Alice in Chains, it’s time
for Chico Crypto! Well, would you look at that…Bitcoin goes
down, once again….but looking back at the charts, we can see that 9k level is a tough
support level.. Something or someone is not letting it drop
further….I wonder what it could be.??? Could it be those stonky stonks? Well pulling out the DowJones over the same
time period…it reeks of a strong correlation.

Pretty much following each other to a tee,
dip, pump, or whatever you want to call it. Now just keeping the Dow Chart up, we can
see the liquidity pumps, each and everytime to save the markets this week, 3 times there
was a spike, and this was when the market looked bleak, like they were going down, or
when they started trading sideways. Who could this be? Well, we know…it’s BlackRock doing that
funny business, they were hired to do, by our current administration. Save the stock market…at all costs! Which means, I don’t believe crypto will
be going down anytime soon. Like I have been saying, let’s enjoy this
summer of market euphoria while it lasts. Because come Fall, things are going to get
ugly, and ugly quick, in my personal opinion.

But, we will talk about that, the closer it
comes. The 4th of July is coming, and stonks gotta
be redhot for that! Fireworks…you know what I mean? It’s America’s day come this weekend,
and do you think for one second, they would let a significant collapse happen then or
even for the markets to look bearish? No way in hell! So short term, and mid term to me the markets
look great for crypto! And I’m eyeing an opportunity, of which
I touched on 2 days ago with Centrifuge and their Tinlake product, which takes invoices
and mints them as NFTs, and companies from their invoices, can access liquidity from
investment pools by individual DeFi users.

As long as they provide a return to the investors,
which come in the form of token shares in the pools. So the tokenization of assets in the real
world like invoices and digital world, like investment shares DROP and TIN in Centrifuges
example…is going to be a big wave coming. You don’t have to look far to these, tokenization
is on the top of tech powerhouse minds…like Microsoft…they published this paper “Tokenization:
Establishing Digital Representations of Value as the Medium of Exchange” in October of
last year.

And they say “However, hidden in plain sight,
at the core of one of the most hyped and misunderstood technologies, blockchain, lies an immensely
powerful concept that will forever change the way transactions between parties execute. And that is….Tokenization They specifically mention Non Fungible tokens
in the report, and they mention their token taxonomy framework, TTF, of which I have covered
before, but from a blog post about the framework release from Microsoft, It says “The initiative
brings together some of the most important blockchain platforms from the Ethereum ecosystem,
Hyperledger and IBM, Intel, R3, and Digital Asset…. Ya they mention Ethereum and it’s ecosystem
1st. I wonder why? Because that is what they are choosing to
build the TTF tools on first, and then the other blockchain…

Per example, the github for it which as we
can see the overview was updated in May of this year. Going down to the section on Tooling and Taxonomy…it
says “Other GitHub repositories can link to the taxonomy repository to link implementation
specific code to specific taxonomy symbols like a behavior or token specification. This code is then mapped as a platform specific
implementation of that artifact. For example, in the Ethereum community OpenZeppelin
there is a popular open source repository for Solidity source code that developers use
and is mapped to several artifacts in the TTF.

So why is this important? Well a non crypto news outlet in the payments
industry explained it well. From a payments journal article, titled “Look
out Payment Providers! A Standard Is Born for Defining a Token’s
Properties and Behaviors” The article says “Card payment networks have implemented
proprietary tokens that establish a unique mapping between card numbers, card accounts
and the network issued token that resides in a digital device. More recently, both Mastercard and Visa have
announced that they intend to use a new tokenization process that will enable direct access to
bank accounts that have no card associated with them. These private tokenization efforts will now
compete with a new open standard for designing and implementing tokens created by the Enterprise
Ethereum Alliance (EEA). Ya friends, I'm talking this is what allows
crypto to go mainstream, where a token, whether it be ethereum, an erc20, a stablecoin, an
NFT, loyalty points and more could be accepted for payment at your local stores.

Why didn’t I talk about other blockchains
and tokens? Well the article goes on to say “While the
press release touts that the Token Taxonomy Framework is independent and is operational
on any technology, including blockchains or databases, it appears that the GitHub repository
leans towards the Ethereum environment…For example, the article goes on to identify a
Santander implementation of a TTF token that is tied to an Ethereum smart contract which
restricts access to “entities who’d passed the know-your-customer (KYC) regulatory process.” Hmmm need more confirmation they are going
with Ethereum? Let just go to Microsoft azure’s blockchain
tokens, which as we can see developers can “Easily define and create Token Taxonomy
Framework compliant tokens that represent digital or physical assets” Let’s go a bit deeper, and look into azure
blockchain documentation and then scroll down to development tools and samples.

And lookey there…azure blockchain development
kit for….Ethereum & then an ethereum blockchain connector. As well as github code samples. So the signs are there, on the surface level,
but what exactly has Microsoft the company built themselves. Well NFTs based on the ethereum erc1155 standard….I’m
sure you're like who wait, who created that token standard…I know Microsoft didn’t…it
was a blockchain company… Well it was Enjin, and it happened in December
of last year. From the blog post about the NFT reward badges
they created it was “A collaborative pilot program between Microsoft Western Europe and
Enjin, Azure Heroes rewards developers with blockchain-based digital badges—styled as
badgers—for various achievements, verifiable acts of impact, and meaningful contributions
in the developer community.

And there was even a custom blockchain explorer
for the NFT badges, created with EnjinX and Microsoft’s logo plastered right there. And going to the transaction section, we can
see that yes the badges are being earned by the public, to ethereum addresses and they
are being transferred back and forth. The pilot is working! So, I see the opportunity for NFTs, as it’s
a brand new arena. The end of 2017 can be considered the beginning
of the ERA, so basically just over a couple years old. Then going to nonfungible.com…which has
began tracking NFT sales volume, that almost 100 million dollars USD has been traded for
a digital representation, since they began tracking. So 100 million since the beginning. Not that great, crypto exchanges do that in
a day in just bitcoin trading sometimes.Well, again this is a new concept, I’m sure for
some of you even… Remember…NFTs have only been around 2.5
years, compared with bitcoin’s over 10 years. So Chico’s opinion DeFi, Token Standards,
Fungible tokens and NFTs are going to rock this world…one industry at a time.

Cheers viewers, I’ll see you next time!.

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