Crypto News: Bitcoin ETF 2021, Gold, or Tesla? NFT Tezos News

This week it’s all about the big players. We 
don’t just mean the big players in crypto,   we mean the biggest financial 
juggernaut this planet has ever seen Jerome Powell, chair of the Federal reserve 
has dropped a crypto bombshell and Fidelity,   one of the largest financial institutions in 
the world, is taking a crack at a Bitcoin ETF.,   and for you NFT fans Tezos is setting 
sail and just what can you buy   with your crypto? Stick around to find 
out on this week’s Exodus Crypto news.
  Welcome to the weekly news round up everyone, 
I’m kris Merkel and if it’s your first time   make sure to subscribe to the channel for so 
you never miss out on new videos every week.
  Jerome Powell, head of the 
United States Federal Reserve,   briefly mentioned Bitcoin this week. And I quote,  “More a speculative asset.

It's 
essentially a substitute for   gold rather than for the dollar.” 

Don’t 
believe me? Listen the the man himself. Incredible! The most influential monetary policy 
maker in the United States has compared Bitcoin   to gold. You’ll notice that he didn’t call 
Bitcoin rat poison squared. He didn’t say   it’s a fraud, a ponzi scheme or outright 
worthless.We’re really making some progress here!  However, Jerome did go on to say 
that cryptocurrencies are volatile   and not backed by anything. Interesting point, 
Jerome, but have you looked at the dollar lately?  It’s backed by, uhhhhhh, what is it??? Oh yeah!  $27 trillion dollars of unpayable 
debt. You’ve got to wonder,   would you rather hold a fiat currency “backed” 
by tens of trillions of debt, or a cryptocurrency   backed by nothing? Now that’s a question 
that we wish someone had asked Mr. Powell.  The SEC is where Bitcoin 
ETF applications go to die. That being said, if ever there was 
an ETF that gets approved it could   be the Fidelity application. 
Here are four reasons why.  Fidelity is one of the largest and most 
trusted financial institutions in the   world. They have awesome name recognition 

Fidelity has their own custody service.   Having a way to safely custody a 
commodity, whether it’s gold or BTC,   is an important part of getting an ETF approved 

Gary Gensler is the new head of the SEC.   Before getting into government work he 
taught a course on blockchain technology   and cryptocurrencies at MIT.

Given 
his background we’re all crossing   our fingers that Gary is going to take 
a more positive approach to crypto 
  And finally, Canada approved a Bitcoin 
ETF last month and Brazil just announced   that they’ll be doing the same 

Not to get too elevated on hopium,   but if there was ever a time for the 
SEC to approve a Bitcoin ETF application   it could be now. If it happens we promise that 
Exodus will be the first to let you know!  NFTs aren’t just for Etherians anymore! 
The Tezos network is dipping their toes   in the water. OpenSea, the largest NFT marketplace 
in the world, is going to start supporting the   Tezos NFT standard. 

This will provide a much 
needed alternative for artists who are paying   exuberant gas fees to mint NFTs and  allow a 
whole new cohort of investors to get involved with   Tezos NFTs. Hopefully it will also encourage 
new artists to build on Tezos since they’ll be   able to sell their artwork on the most 
liquid NFT marketplace in the world.  You’ve heard the names before…  The Barclays center, Wrigley 
field and MetLife stadium,   just to name a few.

What you 
won’t find on that list is a   stadium of any consequence that’s named after 
a cryptocurrency or a cryptocurrency company.  I can’t wait for the day when I 
can catch a game at Bitcoin field,   but FTX stadium is a step in 
the right direction at least.  The cryptocurrency exchange FTX is reportedly 
planning to buy the naming rights to the Miami   Heat stadium. Currently the building 
is known as the AmericanAirlines Arena,   but if the deal goes through the 
name is going to get a lot shorter.  FTX stadium? FTX arena? The FTX sports zone?  Whatever they end up calling it, this will be 
another milestone in cryptocurrency history.   FTX will reportedly pay $90 million over the 
course of 19 years for the naming rights.  Congrats Sam Bankman-Fried 
and the entire FTX team! 
  A few months ago we said that Tesla 
had bought $1.5 billion worth of BTC   and that they were planning to accept 
BTC payments for their cars.

Well,   the day has finally come and there’s now 
a BTC payment option on the website.   Think it’s just a publicity stunt? Guess again. 
Tesla has said that when people pay in Bitcoin   they’re going to keep the BTC on their balance 
sheet instead of converting it to dollars.   That’s some Michael Saylor level conviction 
right there, kudos to you Tesla! 

What   Else can you buy with your crypto? We’re way 
beyond Alpaca socks and Pizza at this point.   Real estate, software, and if 
you have a a crypto debit card.   We’ll the sky is the limit.

Literally. 
Book your next vacay and fly there. Thanks for watching everyone, 
make sure to hit those  Like   and subscribe buttons, and until next time.  Until then hodl on! .

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