) 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.
And so that brings value, but the fact that I can move money around the world because crypto is stateless. Because if there's too much held by the do developers, then I'm gonna start to think that, well, maybe that's not such a good situation for me.Uh But how important is the community to really getting these things off the ground and keeping them sustained?So the more active your community is, the more use that your community gets from it, the more they're going to talk about it.
So the timeline should be by the end of the year and we'll get that hard fork and it's gonna introduce the ability to build daps and all kinds of applications, build use cases, meme coins almost whatever you want. Um, we were consulting a company and we used to have this desk and we sat right across just like this and then we started day trading and, well, you have a little bit of time.So you start day trading and then, you know, I looked up and I was like, oh, wow, it's this crypto thing.And I said, hey, we're gonna buy Bitcoin and we're gonna buy Ethereum.
Any final words for investors here, I would say you want to pay attention to purchasing meme coins and understanding how to get out of those meme coins and then stretch that a little bit further and say I wanna buy a regular coin.Always have an exit strategy wise words here and we had to wrap things up.TD Says Deep Rate Cuts Will Revive Canada’s Economic Growth
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