So nearly half of all the corporate Money being pumped into this year's Election is coming from the crypto Industry according to a new report from The nonprofit Watchdog group public Citizen this is insane new data has just Come out showing that the crypto Industry is outspending Big Oil the big Banks and the Coke brothers pumping Money into this year's election this is On both sides and these are from Companies you've heard of now the sector Which has been under high scrutiny by The Biden administ Is outspending Big Oil and Banks's cycle With Coke Industries in a distant second Place in terms of corporate Contributions heavy weights like Coinbase Ripple and VC firm Andrew and Horowitz which has a sizable crypto book Have collectively given more than 146 Million dollars with the goal of trying To get candidates who are friendly to The industry into office now most of That corporate money being raised is Going to the popular and bipartisan Pro Crypto super pack called fairshake which Is one of the top spending packs this Year I spoke to their team last night to get The latest numbers on the four largest Donors to fairshake and its Associated Packs coinbase has contributed $49 Million a16z and ripple have both given
47 million each and jump crypto put in 15 million and keep in mind this money Is not just going to one side and not The other probably a little more has Been donated to Trump from the crypto Community but this is not just for Presidential candidates it's for Senators it's for congressmen and this Is going to both sides now as where all That money is going a filing with the Federal Election Commission this week Showed that in July fairshake dispersed Almost 75 million and still has nearly $120 million left to deploy with 73 days To go until the November election the Super PAC has pledged $25 million from That pool of cash to 18 house candidates In the general election to be split Among nine Democrats and nine Republicans it's committed another $18 Million to three Senate races Joe the Bitcoin super ccle has begun click the Like button if you believe and before we Get to altcoin news now this goes back To the very ethos of telegram itself Which does not believe in censorship This potential super cycle is much Bigger than political donations nice Visual of the US Bitcoin ETF flows we've Actually just seen the biggest Bitcoin ETF inflows in the last 3 weeks meaning When Bitcoin dipped arguably the most Interesting monthly candle in bitcoin's History showing this dip was bought up
So aggressively so quick and I think we Understand why it's easy for people to Buy it um and it can get stored on their Brokerage account there's a qip number Uh and as you know because you and I Have been on Wall Street a long time This is my 35th year on Wall Street Wall Street is a selling machine and they Haven't even amped up that selling Machine yet but just imagine tens of Thousands of fas and raas out there Explaining to people that they need a Position like this in their portfolio so So it's it's coming and Wall Street Investor political Insider Anthony Scaramucci does a great job in Explaining why Bitcoin today in the low $60,000 is most likely going much higher And so the regulatory clearance for the ETF made it safe to go into Bitcoin for Lots of institutional investors and even Places like Morgan Stanley are now Allowing their finan Cal advisers to Solicit people on bitcoin and so we had Black Rock Executives out here uh Talking about this phenomena theyve got $23 billion it's the most successful ETF Launch in history so so that's Paving The way and making it more acceptable so I think it's been very meaningful if you Had said to me last year when Bitcoin Was in the 30s that we'd be here in the 60s post having I think most people in The industry would be very happy and
Buying Bitcoin point today is an easy 10x on your money says billionaire Michael sailor the best idea if you want To make 10x your money is you buy Something that everybody in the world Needs Nobody in the world can Stop and almost nobody understands much Like buying Amazon stock or Google stock Back in 2010 okay so in 2010 that was Amazon or that was Apple or that was Facebook or Google these are all Dominant digital networks that everybody In the world needed that nobody could Stop but if you'd ask the typical Mainstream investor is this a good Investment they would all say oh it's Very scary it's Overvalued Amazon doesn't make Money you know uh mobile phones used to Cost $50 you know it's like am Apple's gonna Sell an iPhone for $600 it's they said It's too expensive the iPhone $600 is Too expensive no Kia will sell me one For $30 they said Apple it's going to go To $30 and of course what happened is Apple went to $1,500 and so so the conventional wisdom Was against these big tech companies and Breaking news for telegram as well as Their altcoin ton coin telegram founder Pavel durov arrested in France now Facing 20 years for refusing to censor His platform he has been detained uh by
The office which is quote preventing Violence against minors who had Previously issued an arrest warrant for Durav in a preliminary investigation Quote into alleged offenses including Fraud drug trafficking cyber bullying Organized crime promotion of terrorism He is accused of failing to take action To curb the criminal use of his platform The investigator said quote enough of Telegrams impunity adding that they were Surprised that he came to Paris knowing That he is a wanted man now this goes Back to the very ethos of telegram Itself which does not believe in Censorship now ton coin dropped almost 20% on the news as well as ton coin Ecosystem coins like NCoin selling off As well now does the founder of the Platform deserve to be charged for Crimes that he did not commit yet were Committed on his platform to me I don't Condone criminal activity I think those Criminals do deserve to be punished but It does seem these single points of Failure like a CEO who's not even the CEO of ton coin just telegram they'll Always be dragged in if your platform Gets big enough what do The Regulators Do in response to a system that cannot Be Regulated they regulate the bids they Can they regulate the exchanges they Regulate the bank accounts they regulate
The national currency side of things They shut down the on ramps and off Ramps they say we will not let you take Your money with You and what do Millennials say to that Dude I don't have any Money all I have is my creative Potential my spirit my productivity and I can sell that directly for Bitcoin Without an exchange without an onr Without an offer and when I need to buy Something I'll use my digital currency Directly without re-entering your system To which I was never invited shut down The on ramps shut down the off ramps and I will stay on board I will stay digital I will touch your guilted page anymore Cuz I don't need You now obviously that's Andreas Antonopoulos speaking about Bitcoin how You can't censor the underlying protocol But could come after and regulate the Bits the centralized aspects of the Ecosystem will the telegram CEO need to Step down and maybe turn telegram's Leadership into a DA also this is Interesting finally announcing the Legendary Dylan Francis who's a DJ as The headlining Act of our token 2049 Singapore Side Event register now or buy A table for guaranteed entry spots are Limited this is the side of that my Brother and I altcoin daily are Media Partners on September 17th at the
Marquee in Singapore awesome venue so Again for everybody heading to token 2049 be sure to register early link down Below and news for AI altcoin chain GPT Start a junior robot and rise to AI Overlord in tap cgp climb the Leaderboards and earn your share of $1 Million in prizes so just a gamified way That people can earn money so this is One of those tap to earn games you tap For XP each tap earns you XP crucial for Climbing the leaderboards daily rewards Simply for just logging in also you earn By inviting friends daily boosters Etc And as you tap your way through tap C GPT you'll unlock unique characters at Each stage of your journey here's a look At the progression system AI Overlord is The goal and of course to unlock over a Million dollars in rewards so something To keep on your radar if you're bullish On the AI blockchain ecosystem as you Know I'm an ambassador for chain GPT so I always like to keep you updated as Best I can be sure to watch our Deep Dive on telegram's cryptocoin and their Ecosystem tcoin linked down below and Like always see you tomorrow
