) to record highs in 2024. Yet, AI isn’t the only trend dominating the sector. Web3 is increasingly gaining traction as investors eye the intersection of cryptocurrency and the internet. But what actually is Web3? And will it actually be able to take hold?to discuss the current cryptocurrency market and what Web3 may mean for the average investor. Despite the recent dip in cryptocurrency, Johnson notes,"The state of crypto actually is pretty solid.
And the reason why I would say it was solid is because yes, we had a dip and that was because Germany decided we've got a ton of crypto that they need to get rid of.Um But they didn't know how to actually get rid of it.Um And then right after that, you had the fear of Mount Gox. So if I bought Bitcoin two years ago, last year, whatever, if I'm using, using a dollar cost averaging strategy, now I have a blended strike price and now I can figure out well, how long do I want to hold?
And then when all of these people buy in, they're selling, selling, selling and then they just disappear.I mean, the boiler room stuff doesn't happen, you know, all that much anymore, right?I I have a question for you going back to the basics kind of is crypto going to become what the US dollar is.You have a lot of businesses out there that actually do want to accept crypto.So when we set up your ecommerce site, we help you get your obviously your web two address.
Basically, it's, I don't have a single entity or s or a small group of entities that control everything about a given project.So Ethereum is a decentralized project, meaning that it's a layer, one and no one single person or one single group can control that coin.I don't really get though how D FI is supposed to kind of free us from, you know, Gary Gensler's boot when it takes, it takes years to get a crypto ETF registered.
So what's hilarious is I'm actually a principal member of the Metaverse Standards forum where we actually work to actually do something like ready player one.How do you do that with your Avatar's hairstyle, things like that?Um So that that's a very specific use kind of ex extrapolating how deeply maybe looks in the future.
So if you look at regular finance, you go to your bank and they say, oh well, we can give you 0.005% return.We need to take a quick break, but coming up, we're going to be talking about the debt ceiling and also a crypto showdown for the ages in the next chapter of who wore it better Defy edition.We're going to talk about the debt ceiling now because that is, that relates to our number of the day 31.4 trillion.We've seen this play out many times before.
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