La Semplicità, dalla Finanza Tradizionale a Youhodler - Francesco Britti
NapulETH Meetup·Thu, Oct 9, 2025, 12:00 AM
NapulETH 2024 Open Village
Transcript
exactly the best part now I do n't like being on stage a lot so we're going to do a presentation that will be a bit fun I'll also try to interact with you So guys First of all let's welcome cryptocurrencies and this wonderful event that is Naples so obviously I'll make a disclaimer to start because it's important that everything you see is content but obviously we don't push anyone to do things that you haven't analyzed or studied in advance so essentially what we 're going to see will be very interesting but obviously Each of us must have their own study so I'll introduce myself who I am I'm Francesco Britti I have a degree in economics and finance and I've always been passionate about this technological world I started my career with a bit of trading like all people do winning losing After that I found my own strategy I worked at consultancy companies and I created my own startup Which subsequently Being a digital startup it was then sold to a multinational and then acquired by a multinational the program we'll see Today will be very interesting In fact we'll see what has changed from finance before to Finance today that is why we Now we want to embrace this world of cryptocurrencies. What interests us compared to the world we all know? We know gold, we know stocks, but we'll take a good look at the difference. Then what's in this world, so we'll see how to approach this world. And why then choose certain platforms for our operations?
It's important, as I told you at the beginning. I like to participate with you. So at the end of this speech, there will be a short quiz between all of us, so it will be a quiz of speed and listening. There are prizes. We have as a prize.
I believe that all of you in the end know what the external wallets are for holding your cryptocurrencies, so I recommend you listen because the first will take home this Ledger, and we obviously have prizes for the second and third place. Now, what's the difference between finance? No, the previous one and today's finance, so the traditional one here. I've given you a few differences between a Sifi and a defi world, so we know that the Sifi world is a centralized world, therefore centralized Finance, and obviously what's the advantage? It's regulation.
We have an institution, we can go. from the institution and have our services as customers. What is the disadvantage? It is the limitation that we find. So obviously if we don't go to that institution we cannot do any type of operation.
While the defi world, as you can read here on the right, gives you the possibility of accessing many services. Eh, which are obviously global because today we only need an internet connection to be able to access our wallets, our properties. In the future, the blockchain will also use a subdivision system for what will also be real assets in the real world. So we will talk about houses, we will talk about real estate and the disadvantage is that there is no real protection. To date, many new institutions are starting to form.
Now, regulations are arriving and this is a truly essential and important thing for adapting to what the financial system is and I. In fact, now I want to ask you all a question. If you have ever thought about what you actually go to buy when someone goes to invest in something, then because I want to invest and I bring you to the last question. If you have ever thought about what you consider when you go to buy, let's assume. a stock So I have now brought you an example and I hope that you all know both Apple beautiful graph both Apple and Nvidia and we know that Apple and Nvidia are companies both technology companies we know what Apple produces and we know what Nvidia does but compared to the purchase of these stocks here compared to Bitcoin or cryptocurrencies why And this is the question I ask you all obviously you can answer freely what is the thing you consider When you go to think about an investment in a stock we think precisely about the company so what exactly does the company do So ultimately we think that this company is forming it is being created it has a balance sheet produces certain things so it can be graphics cards for Nvidia operating systems for Apple it can be the new iPhone it can be the iCloud operating system and therefore the expansion of what is their sales system essentially and So what we go to consider when we evaluate investments or stocks of this type is precisely the product slash well that that company offers I know that every September Apple produces the new iPhone 15 16 17 will come out and They will also change the name because marketing has now arrived and therefore I know that maybe from August to September there will be many more sales.
So I know that there is a product in between that goes on the market and that's why I go to evaluate certain types of investments as an investor and therefore we have to relate the same idea to what the crypto world is so if we with stocks and Guys I come from an American education so I was used to analyzing the balance sheets to understand why a company makes certain movements certain investments and here I have brought you some of the essential metrics that are used in the financial world and it is precisely the bit from the ratios between eh profits and losses and dividends that are then given to investors in the same way we must consider cryptocurrencies as assets like companies so we know that Bitcoin Yes it is digital but there is not only Bitcoin We are at na pulit so we know that ethereum is another type of cryptocurrency so on ethereum You can create other platforms on top and this therefore leads it to become something that can be used by other companies for favor development so essentially What we are going to look at the market CAP which is precisely the adoption How many people are using that cryptocurrency we also look at the circulating supply i.e. Bitcoin we know that there are 21 million Ethereum are 130 then in a deflation phase so at a certain point we know that there are a certain number of coins available so then there will be fewer coins in circulation therefore more investors there are A shock effect is caused and that is why prices make movements of a certain type So these are some of the values that are essential when we go to analyze cryptocurrencies And it is precisely the supply the price between the historical maximum and the roadmap because as we said if companies develop certain products why cryptocurrencies can't do it So cryptocurrencies also have their own development roadmap there is a team there are products inside and all this then finally brings us to the partnerships because the partnerships have meant that even the ETFs or Exchange Trade Funds have arrived inside the stock exchange and this makes us understand that there is an interest from the institutions they have lost a some time but seeing that the situation is still growing there are developments there are partnerships new projects being created Well even the investment world has come closer and it couldn't help but do this here I have reported the flow of ETFs on Bitcoin from the beginning to today I'm sorry that the graph can't be seen very well but I tell you that there are about 15 billion between 15 and 25 and 20 billion Sorry billions in continuous accumulation and this is the area that perhaps interests us most where in the last few months we say we are having a market that is not completely bullish Indeed it is more in a distribution phase and therefore to show that despite the price of Bitcoin being distributed Ok in a certain sense we are no longer at the maximums so there is not that flow of money arriving but in any case the ETFs are accumulating so the big companies have understood that perhaps the best time to start accumulating is when there is little interest this because as we said at the beginning the interest Then brings the push of the price here we have the graph of the flows on ethereum we see that ethereum is also It started from you can see the arrow Yes, about 4 billion and it is maintaining itself at 2 and a half billion in revenues, so even Ethereum, which is the second most capitalized cryptocurrency in the world, has a strong interest now, what I want to understand as an investor and client of any of these platforms. Eh, but the price of Bitcoin. Ok, so in itself, what perception does this cryptocurrency have within the world, that is, how do investors perceive the value of Bitcoin and here is a fundamental indicator that is also used within these systems of these analysts who go to study the value perceived by people, that is, today I can also tell you that Bitcoin could reach a certain price.
But if this thing, This Pens, is not a shared thought or there is not a feeling of this type, I will not be able to make certain projections and here we can see that in the underlying area, therefore in the Green area of this indicator which is the zcore, it makes us understand if this asset is overvalued or undervalued. So in a certain sense, I can understand if ok. At today's price, how do investors perceive it and therefore this gives us an idea that there is still enough room for being able to grow and here we come to the turning point so more volatility more movement to grow allows us to be able to act within the market and do what is called Trading This is our platform of uhr in the multi section which is the area to be able to trade multicode in a very simple way makes the possibility of analyzing those main cryptocurrencies and having a main idea on the front page So with multicode I do not need to open other platforms to understand if that cryptocurrency is valid also because on older before all the cryptocurrencies are listed a due diligence work is done so the team is analyzed you see the narratives that are developed What type of information is there within that cryptocurrency and perhaps one of the let's say the most useful tools is precisely the integration of trading View directly within the graph So as a Trader as an investor I have identified prices where perhaps I would like to enter I produce my analysis it remains within the platform and so in a certain sense I always have my analyses at hand the interesting part is that as you have seen and I hope as You will see later that the platform is very convenient to use and these are some of the essential services that we have within the platform to ensure that adoption is good so there are no opening and closing commissions there are no profit sharing fees you can open trades with 10i and there is always personal assistance so there is no GPT chat there is no BOT that answers you It is always a person which is something that lately is starting to be missing within the systems and the execution is instantaneous so to invest in cryptocurrencies we must understand Bitcoin well is a little undervalued there are other cryptocurrencies around but I have to treat this asset as if it were a stock I have to study it intelligently otherwise if I simply want to throw money away maybe it is better for me to go to the casino and we must understand where Bitcoin is positioned in the total assets of the world so we know that Bitcoin is 60,000 it has reached 70,000 we all want to invest but actually does it make sense to invest where it is positioned in the world and we can see that Bitcoin However as a capitalization in the world assets is in the position of top 10 so in position 10 and this will obviously vary as the capitalization and therefore the adoption will increase and now I will analyze together with you some factors that each person should analyze before launching into the market and as we said at the beginning there are essential metrics that I must consider and one is the capitalization of the market listing Where can I find that cryptocurrency is there liquidity or can I buy it only in a very specific place what narrative story is it if it is a Meme if it is a layer 2 whatever it may be Then tokenomics and circulating supply to make us understand What is the number of eh and the possibility of growth of that project now we will look together with the graphs don't worry and as we said before the partnerships which are the essential part here I will go a little quickly because I hope you all know what I'm talking about and we know that the capitalization is calculated precisely by measuring the value of that cryptocurrency for the supply that is there therefore the possibility of expansion so a high capitalization suggests an excellent market adoption having a high capitalization I expect that this project will also be present in many places and here comes the essential of the listing or the quotation therefore in which Exchange it is and is it possible to buy or sell certain cryptocurrencies because as an investor I absolutely do not want to go and buy a project and then I do not know where to sell it we have seen lately there are many t to earn many games on the telegram section and also Yes to make themselves known they have the need and the necessity to be present on as many platforms as possible now essential is the narrative How many of you have seen projects grow and in any case see parabolic numbers absurd numbers without actually having considered that Oh maybe that cryptocurrency is driven by interest perhaps driven by hype or is it really a serious project and therefore I am going to calculate if the narrative at that historical moment there is strong I do not know if you remember around In 2020 when there was precisely the covid that took away the narratives of the metaverse no there was that Boom where all the viewers came out games were developed within the metaverse and so we saw that that narrative was a narrative that took hold at that time and therefore all other cryptocurrencies within that narrative which can be Mana Sand and we have seen many have had that result there lately in recent years we have seen the narrative of the beautiful AI has come out CH GPT has come out Apple Intelligence has come out lately which will not be released in Europe among other things many new Sora programs for video editing companies have come out that are able to scandalize and analyze the details to ensure that the product is optimized for the customer be prepared that soon they will also arrive within for example Google Maps No whatever it is of the directions So when you go to walk down the street the advertising will arrive at that moment because in fact there is a development on the person of the product and therefore I have seen as an investor the growth of the layer 2 of all the AI games and how to understand if they are in the right historical moment to invest in that project side economics and the circulating supply I want to bring you a real graph so here we can read we know that Bitcoin has a finite number of coins more than those are not developed and This then is also explored by the effects of the halving when more tokens are distributed in quotation marks essential so it is the project The project is a good project Now I am not specifying any type of project but what I would essentially look at is the partnership so what access to resources does that product have if the network is expanding if there is shared innovation between various companies So if they are mentioned If there are interesting things for other brands for their development here I brought you a token this Meme actually Bonk which by the way has been listed is ST has been listed recently within Uh hodler and I want to analyze this project with you because often Perhaps under everyone's eyes most people when they enter this world they approach the world of Memes because it is the thing that one knows first no So I find myself on social media I see many of these Memes Well where I invest the first thing that comes to mind are often these types of topen So it is good that I now going backwards So what we said I go to understand if a project is valid or not For those who do not know it Bonk is a Mem Coin launched on Solana was launched with the idea of joining Dodge Coin and Shibainu who were pioneers within the Ethereum network while this other one has different characteristics. So I know it's a Meme and I know it 's given by high speculation, the movement is given by speculation so it's nice, the interesting project came before my eyes but I don't foolishly go and buy it, I'm going to analyze where I can find it so here comes the listing and the volume that on the listing we can then see all the various names of Where can we find and sell that coin and then what type of saturation is there in the market guys Here they are I'm sorry they can't be seen very well but when we go to talk about the 2% depth it is the amount of money that is necessary to put into that type of Exchange there to give it a movement of 2% or less 2 in short depending on the direction essential is to see the volume when we talk about cryptocurrencies with high capitalization have a volume that goes from 3 to 5% here we also see an 8 so it's a little higher than what we expected It makes us understand that there are investors but there are traders there are people who exchange so that coin despite a Meme is not dead on 1.4 billion dollars having the 8 are 120 million moved every single day so it makes us understand that there is interest now I saw that there is interest I saw that it is present on several parties what do I have to go and see now and here we were talking about tokenomics and supply so in a certain sense I know that the token will be distributed according to a program absolutely and I have to know the number of tokens that are then distributed so as we said at the beginning Bon is a Meme it was almost created as a joke but there is a team behind it Yes the team behind location so it has the possibility of having these coins Yes how the team is working is creating partnerships that we will see later but what awaits us now and the important thing now is I see that there will be a distribution over time from now until 2026 of Tot number of tokens So mentally I have to consider that if today's price is at a certain point and is diluted then many more coins are added to circulation the effect of the dilution just as we see no with inflation that the same euro cannot buy a bottle of water something similar happens the price is diluted because there are more coins in circulation and now we get to the point of the partnerships Although it is an mcoin, how is the team working behind it, that is, is the interest monetary or is it an interest in growth and the essential part of observation that the investor must then do is go on Twitter which is one of the social media of most interest for the niche of the crypto market and we see that in any case there are excellent partnership developments we see that between the alt Bonk has closed partnerships with Baseball United they are creating new games with other Exchanges with other platforms continue, um, the execution and production of new partnerships therefore new games.
Obviously we are talking about a new mcoin so it cannot be something that is detached from the project and this makes us understand that the team is in development so essentially these are the things that every investor should look at before making any type of purchase but here we are not just talking about cryptocurrencies but any type of investor movement who we are you have met me I am Francesco and this is the company Uh holder you can see all our colleagues and we are a Swiss company based in Lausanne we have been in the market since 2018 So we have seen and experienced moments both beautiful, but difficult times, in short. And our offices are mainly in Switzerland and Lausanne. Then Milan, Montenegro, Serbia, France, Paris, and Cyprus, as I told you a little while ago, we were launched in 2018 and we have over 90 employees in 17 countries, so we are very expanded. The team is global. So we also have the opportunity to interact with different minds.
This is why the project often manages to have strong and continuous growth. We are also looking into the world of legislation. So we have all the necessary certificates and, as you know, the friend has also arrived which will take effect from December onwards, and therefore it is essential that an Exchange has all the necessary regulations. And then we are super proud of AV and of being and having a Ledger volt, therefore a Ledger partner. Where, in fact, we have anti-crime insurance up to 150 million dollars.
As you can read below, we have regulation in Italy, Spain, Gentina, the vasp, we are a financial intermediary in Switzerland, we have the leer Enterprise custody and we are partners of Torino FC because Torino FC is a partner of Torino FC because Torino is a team that has been on the scene for some time. Italian has experienced many situations so we can almost consider it. Of course it has had bullish moments and berish moments and what we offer is the possibility of living experiences inside our Skybox during the championship matches so I absolutely recommend you to follow us on social media because we have the possibility of making you live an unforgettable experience with us For more information Obviously I invite you to visit us at our stand Now let's see the simplicity of investing with New hler we have said many things but I want to focus on some of the products we talked about multicode which is the area where you can trade a multiplier we have the possibility of having crypto loans which are precisely loans in cryptocurrencies So if I maybe have some cryptocurrencies and I don't want to sell them I can take out a loan I get the equivalent in cash After that no one asks me questions how many days do you have other documents no we are talking about cryptocurrencies So I take what I need I use it and I can continue to do what I want we have the Exchange section the cloud Miner is a gamification system so every time you perform actions in the app the customer is rewarded and This is perhaps one of the nicer things and loyalty that the platform has and we have yield accounts So a yield a fairly high yield This is the cloud Miner in a very visual way where a gamification system as you can see are these these honeycomb-shaped hexagons where every action that the customer goes to do within the app has the possibility of, forgive me the term in quotation marks, mining a small percentage of Bitcoin but that is a reward for all the actions that the customer does there is a loyalty system So obviously there are levels within the app one the more loyal you are the more rewards and high returns you have In fact the yield account goes from 8 to 30% per year Depending on the level of loyalty that the customer reaches there are no special conditions required and there are no let's say complicated things that block or interfere with my yield I every week I have the possibility of withdrawing my yield and reinvesting it so obviously there are no type of blocks Well guys I hope it was fun but here I obviously need to ask you if you have any questions to ask if something is not clear Now maybe I'll come down if you have any questions. Here I am, even a game pass, we are at the questions and then quickly I'll take you to the famous game that I told you about. Let's go to the question, I wanted information regarding the use of USDT on the trc20 network since they cannot be used due to the mica regulation.
What some exchanges still give the possibility of using them and purchasing other cryptocurrencies. And then converting them, I wanted to understand. What was the position of the waterers and what does it allow you to do? Thank you very much for the question, guys, as we know, USDT is having a bit of a difficult time. The regulations have arrived and an exchange can operate in a panorama of incoming regulations, as Ben said, obviously the question is how USDT is used within UOD.
It is not possible to use it because USDT is no longer compliant since the beginning of the arrival of the mica, so there are some exchanges that are adapting. Some exchanges adapt late because obviously the exchange wants to make a profit, so the more time they have to delay a certain type of operation, the better. We are not like that, we like to be compliant. We are Swiss and we have a transparency which is what keeps us going So with us it is only possible to operate with USDC CC from Coinbase because it is the only compliant one at the moment Then if things change in December Obviously we will review what can be done there I hope I have answered the question Well guys if not if you have any other questions This is the moment otherwise we are ready for the brawl I hope you are all connected to the WiFi so check that you have an internet connection and I invite you to scan the QR Code Yes I am now active Yes you see everything true perfect Ok guys you can also scan the QR Code at the bottom right It should be the same and Show me these damned hearts everything everything we are 18 19 20 guys then the game will take place as I told you a moment ago it will be about speed in answering the question and the correctness of the answer So if the question is wrong do not trust your neighbor because maybe he will tell you another answer or he is faster than you So it is you you can only trust yourselves and so it is also in the crypto world Wallets must be had We are ready I would say there we are almost all let's leave another 5 4 3 2 1 seconds Ok I see you all Come on 26 I think we can start Ok 25 we weren't 26 one came out Ah here it is Perfect Ok Guys I'm about to leave read the question carefully Don't trust the nearby main advantage of the CFI exactly guys This was perhaps the simplest a little bonus there will also be some other bonus questions I wasn't very bad this time and Congratulations to whoever answered the regulated now from the next question I'll read it to you so maybe you also have that extra microsecond to be able to answer and there is a ranking This is the best part So obviously we identify the names between two three questions pay attention to president guys eh I'll tell you ok Alex president yuksek This is the top 3 next question don't get distracted 3 2 1 Indeed eh how much capitalization does Bitcoin have this very bonus come on guys very very bonus This was the total asset within the world it was that graph we had seen where Bitcoin was in tenth position and compared to months ago If you want to know Bitcoin was above half now of Capital Attention is below and guys we see a change of scene so the top 3 has changed now the third question obviously we will go and see who it will be put I like otherwise I won't go on like this I want you third question 25 the last one is missing 26 Here it is and let's go Don't trust the neighbor Bonk eh Uf 2 1 an mcoin Exactly By the way Shiba is also a also a breed let's see if there has been a reversal of the rankings Ok there has been a reversal between the second and fourth place between Alex and Matt Lorenzo first position Mat second oxl Ton Italia third Ok guys 23 24 26 Player you all have to be the last one is missing Player he left he came back he has the phone Ok Next One What is the maximum percentage yield that can be obtained on Y older 30% is the maximum on all the tokens just listed recently there is a 30% annual return goski fifth question look at the screen I'll read it to you yield after how many days does the payment from staking arrive who listened to me You know exactly Guys I told you exactly 7 days every 7 days It is possible to withdraw the staking and do it again so among other things there is also a compounding effect let's see if there has been a reversal This was a slightly peculiar question let's see That the top 3 still does not give up the top 3 does not give up war between Lorenzo and Tony Italy Who knows who it is let's go to the third to last question look at the screen I go multicode is a function for Ok you all voted you were very quick three give with multiplier just as we said we have the possibility of opening trading operations within the multicode section let's see oh oh oh we have an exchange placed second and third 23 Player Ok 24 I go multicode which statement is correct here Who is quick to read here Who is quick to read was a little luckier That's why you have to read the books not just watch the movies and let's see if there has been a reversal of position Be careful with those it Be careful with those it that Ledger brings you home be careful 22 Player two more don't give up Anything can happen as you can see from the fourth you get to the first from the last to the tenth which is not there 3 2 1 How many levels does the cloud Miner have This was a small paragraph This is bad ouch ouch ouch ouch the loyalty levels are 8 and it was written inside the slide guys Let's see if something happened in the ranking that brought someone to different positions as I told you everything is possible don't give up and don't trust your neighbor Last question you hodler differs from traditional banks for crypto and Fiat As you have seen this was complicated because it made a reference to I must say an image where you could clearly see Fiat and crypto let's see the class a little and if there was a reversal of some places and I really want to tell you Congratulations you were super active and et He was the winner I ask the alien to come closer to the stage so guys do you want to make a statement it was difficult but with commitment and consistency everything can be achieved Thanks Alberto Thanks You're welcome You're welcome Good guys obviously we also have a second and third place as promised and I ask Alex and oxel Ton Italia to let me know who I'm so that I can Ok Perfect now guys I'll move on to another last slide so we'll upload the prize into the you odler account and I invite you all to follow us obviously on the social pages so as to always stay updated to have the opportunity to come to the Torino Skybox and live the experience of having the opportunity to participate in other events and now I'll leave the center scanned the various QR those who follow us already know the benefits that you get those who don't know will find out Well guys Thank you it was a real pleasure to have you here with you and a warm greeting to everyone and to this wonderful event i
Automatic transcript — names and jargon may be misspelled.