Michael saylor were going to be talking about cz im, going to be talking about some important things about blockchain and also do an update on tara luna classic as well. So if that sounds good to, you guys make sure to smash the thumbs up button. If you guys are new to the channel, you like these broad crypto updates to stay up to date, make sure to subscribe and as always, this is not financial advice. Im, not a financial advisor, but i hope you guys are enjoying the journey so far and uh. One thing i want to kick off with today is actually the crypto prices gon na do a bit of a reverse uh, but you guys can see right here the crypto market today broadly in the red. So there is a lot of fud out there and well get to some of the big fud happening in the crypto market. Soon, but broadly, a lot of the cryptos are actually down in price today. So you can see a big drop off in bitcoin down 3.3. Am i worried about this in the long term? No im not but uh what is causing some of this in the crypto market today, and one thing that is important to understand is that michael saylor hes kind of acting like the batman of the crypto world. Right now so anytime, the crypto market goes down, he does seem to come in and he does uh rally the market with some buys, and he said right here.

Micro strategy has purchased an additional 480 bitcoin for 10 million at an average price of 20 817 per bitcoin. As of the 28th of june, 2022 micro strategy holds 129 699 bitcoins acquired for 3.98 billion at an average price of 30 664 dollars per bitcoin. So, michael saylor, he is basically the batman of the crypto space. Hes got diamond hands and he is here to reinforce the crypto market, even though the crypto market is looking a little bit rocky today. Well, get to those key reasons why its down a little bit uh, but that is good to see and if michael saylor is the batman, then cesar is acting as a little bit like robin right now, and he says right here. Minnie may laugh at him now, but saylor will get the last laugh in time. Bookmark this tweet so again, youve got double diamond hands coming out of both cz and michael saylor, even though the crypto prices theyre down these guys are bullish, and on that note, if you guys are looking for a good crypto exchange to trade on and you want To get some good bonuses you can sign up to q coin, go to 500 worth of usdt bonuses for completing some tasks on that crypto exchange ill leave a link to that in the description of this video, but its always good to get free bonuses where you Can and guys lets get on to one of the big reasons.

I feel that crypto prices have went down today and have a look at this article right here. So some big big fud this time its coming out of the pentagon in the usa and theyre, saying right here, blockchain has concerning vulnerabilities, so lets dive into this article, and it says right here: pentagons recent study finds some disturbing vulnerabilities in blockchain technology, thats qui that Questions its decentralized nature, the study by the pentagon states, the blockchain technology has concerning drawbacks, even with the rising adoption of cryptocurrency, the article does continue, but there is a a lot of focus on. I guess centralization and some of the nodes and some of the possible attacks to do with cryptocurrency, and it does say right here, one of the things that uh you know is at risk for, according to their study, warns of a civil attack that could disrupt the Entire blockchain network and a civil attack occurs when an attacker floods, the blockchain network, with malicious nodes that are controlled by a single entity or person, and it says here, according to a trail of bits, ethereum can be disrupted by two entities, whereas bitcoin can be disrupted By just four and most of the proof of stake networks by less than a dozen, so that is uh really interesting to learn about um. How legit is this fud im, not sure again, you know cryptocurrency, it is an evolving uh technology group. My take personally would be you know if if blockchain was exploitable or bitcoin was exploitable, it would have already been uh exploited already.

I have heard things about quantum computers in the future, but i feel that uh my understanding right now is that is a long way away. Those types of risks – and there can be encryption to protect against that, but uh well find out, but that was just a big piece of uh. You know interesting fun to know about in the crypto market today, so that report coming out of the pentagon right there and uh with that, you guys can see. There actually has been a recent sell off in uh bitcoin. So im not sure if thats 100 coincided with that report, but uh. We also know in the crypto market right now. There is a whole battle happening uh in the d5 realm or the centralized d5 realm. So you have all these uh centralized lending platforms and a lot of them have risky loans at the moment, and there could be just be a lot of liquidations, a lot of people. You know volatility in the short term. You know moving around the bitcoin price. You know dropping prices to liquidate people and make profits that way. That could be another thing explaining this recent sell off in the crypto, but overall im still bullish in the crypto space im not too worried about that and guys lets do a quick update on teraluna classic as well. So we have an update of billion for the burn, which is great to see – and we also have this article right here.

So terra luna classic has been accepted as payment into starship universe, which is good and also burning 1.2 percent of our payments. And if we do take a look at our lunar classic in the immediate term, the short term, there has been a lot of volatility, a bit of trading happening, but also you guys can see right here. There has been some really nice uh price windows opening up. So around 188 in our profits have been happening with this cryptocurrency. Potentially, some short term trading is happening with this crypto, but again this is another one that is uh long term. In my opinion, so even though this one has went up 188, i think i do think its a good way to think about long term. So where can this one get in the long term? Currently its sitting around? You know 800 million market cap in the past. Luna, the the crypto that one actually got up to like a 40 billion dollar market cap so can luna classic repeat that we will find out in the future. In the back of this, we also know the burn is going up and, on top of that, to kind of cap off lunar, classic the two big factors that are coming into play for this crypto. You guys probably know if youve been tuning into the channel its going to come down to that 1.2 burn, that is uh kicking in uh in in the future, and also on top of that that community growth, so those two things are very important and uh.

Third factories are actually drop in. Here is a development of the lunar classic chain. So it is important that this crypto, once these burns, do kick in that uh. You know the actual development has utility in the ecosystem, and people have reasons to kind of transact use. The ecosystem uh in the long run, so i do feel like its a long term cryptocurrency play and if we do take another look at the coin bubbles chart, you guys can see a lot of red today and uh that has been led by the bitcoin price. You guys can see the bitcoin price its down a little bit and a lot of the other crypto is going down uh with some of the fun thats out there, and also some of the volatility in the short term, but guys in the long run. Im still staying bullish on crypto and if you guys want to do your crypto trades, encrypt them on a secure internet and make your crypto portfolio a lot safer and your access to the internet a lot safer. What you can use is a vpn and a vpn. Basically helps to encrypt your network, protect you against malware attacks and things like that and right now, nordvpn has some very nice discounts, time limited exclusively for you subscribers out there, so you get some really nice deals on their long term deals and its always good to You know keep it safe in the crypto space you dont want to be getting hacked, especially on your mobile phones, on your laptops, if youre traveling around in particular so connecting to public wi fi, and things like that.

You always got to be super careful and do the right thing you can check it out, leave a link in the description of this video, but guys that is a big update on the crypto market for today, im staying bullish and shout out to michael saylor today For buying up 480 bitcoin, so i think all of us appreciate that and we want michael seller to buy up more bitcoins because thats going to help the price go up.