 Welcome to Digital Asset News, the good top stories in cryptocurrency and digital assets, and breaking out of bite-sized pieces. Today we have some concerning news about some banks who just don't get it and like to shut down accounts for people who are investing in the cryptocurrency. So we'll take a look at HSBC. Those are ones that just don't get it and a couple of banks that just finally figured it out. So we'll take a look at those two stories and finally we'll finish off with NYDIG brings Bitcoin to a six trillion dollar global insurance industry called Liberty Mutual and New York Life. So these are two big ones today, but let's first take a look what's going on in the market. So today it is April 9th. It is 2 p.m. El Paso, Texas time, beautiful day, about 85 degrees. Nice day and good day to be out here in the office. So what do we got? Well, the market cap has been teetering around two trillion, some like 1.99, 2.1, whatever. It doesn't really matter. The big thing here is that I like these days. I like these days when things just kind of go in sideways or a little bit down a little bit up because the dollar cost average, it's a great day. When things go up and I feel good because like my portfolio goes up, but in all honesty, and it's weird to think about, but these days I really like when things go down because of my code, right? Because all those automatic orders that I have already just sitting there waiting to buy the cryptocurrency, I'm going to get it at discount and it's just awesome. And it's just great to feel that way that, hey, if it goes up, portfolio is going doing good goes down. Well, I'm going to pick up some cheap cryptocurrency. And you know, that's pretty much going on. And then we can see that in what's going on with the actual crypto market and the coins. Let me blow this up so you can see what I'm talking about. You've got, oops, we got Bitcoin. You've got, where are we at? Bitcoin is at 0.89% up. Wow. Ethereum 0.35, Binance Coin 4%, 32% for the week. That's pretty good. Then 73% for XRP. Watch out. Congratulations, XRP holders. And then everything's just pretty much sideways. Except for like, well, let's see, Filecoin went up massively, 11% in 24 hours, which is weird because everything else is kind of taking a big dive. 40% almost for VeChain. Congratulations. And those are the big ones, 27% for Tezos. So the thing I want to make mention of is first of all, a couple of things. Let's take a look at the projected range for what could be like the next breakout over the next hour. If you're a trader, look at Digital Note, Komodo, Basic Tension Token, Elron, and Genesis, and Quant. Looks like there's, this is with 90% accuracy because it trade the chain. Link in the description. You can get a 14-day trial. It's got 11% up in the next hour, 3%, 3%, whatever. I'm not a big trader, but that looks pretty good to me. That's the first thing. Second thing I want to talk to you about is this. And that is, you know, we just took a look at Filecoin and went up massively. That's one of those that I was this close to pulling the trigger on and adding it to my portfolio. I just didn't do it. Something happens, gets in my way. And I know that you probably saying there have probably missed out on some crypto or digital asset that you should have gotten into, but you just didn't do it. And you probably feel like, damn it, I missed it out. Here's the thing. You'll never hit 100%. You'll never get them all. Just be happy with the ones that you have. This is not a financial advice, I'm not a financial planner. But what works for me is I just find, I just invest in people. If the team looks good, the person behind it looks good, the actual token actually does something right now and the white paper is relevant. And I got some pretty good financial backers. I just go with them all day long, delicose average. Over time, usually it works out. And that's just all I got. So that's what's going on in the market. Let's jump back and just talk about what's going on with people like us getting our accounts shut down. This was something on Twitter. I love Twitter. It's easy just to find all the great information that's up to date. I love it. And this was from HSBC. I'm just going to blow this up as much as possible. So what you can see here, it says, dear clients, you got to love that HSBC, dear clients, would like to inform you that HSBC has changed the policy on virtual currency such as Bitcoin, Ethereum and others and products related to or referencing the performance of a virtual currency. HIDC will not participate in facilitating product related to virtual currencies or products related or referencing to the performance of virtual currency. So they says our record show, because I thought myself like, wow, they're going to shut down just like, you know, buying Bitcoin, Ethereum and stuff like that. Like, no, our record show that here at HSBC Invest Direct Account is holding MicroStrategy Inc, a virtual currency product. While we permit the holdings of MicroStrategy to be held and resold, we're not going to be allowed to actually transfer anything else or buy anymore else. So that's kind of crazy, if you think about it, right? HSBC, whatever. So this bank, just so you know, this was actually brought up in the threat itself. HSBC, they're dirty themselves. I mean, they just went through a little scandal. This wasn't too long ago, September 21, 2020, where they moved vast sums of dirty money on a Ponzi scheme. Actually, first of all, they warned everybody about it, like this could be a Ponzi scheme, yet they still transferred all the money and did everything that they wanted to do. So when you see something like this, when you see these types of stories like HSBC, these banks shutting down, look at the banks behind it. Nobody's perfect, right? But you see like an HSBC, I know US Bank, they've also shut down some people. PayPal, they shut down before, before they got into it. So good for them. But you take a look at these banks, these are the ones that are going to get blockbustered. When I say blockbustered, I mean, they're going to let all these different cryptos and digital assets and technology just pass them by, just like what happened with blockbuster and with Netflix. The smart ones got on board like Disney. Disney figured it out like, okay, look, we can't, we make a bowl of the money with all the things that we do as far as bringing people into our attractions, our musical parks. Let's get into the movie industry. Let's get into, let's just buy Marvel. And you know what? Let's also get into the streaming industry, because that's where things are going. And it worked out pretty well for them. So like when I saw this, I'm like, geez, unbelievable. So the thing to me is, why does some banks do it? Some banks shut them down. But then you got stories like this where banks adopt crypto and Bitcoin supply crunch. It says this week, Goldman Sachs CEO, David Solomon, forecast a big evolution of the government's regulations on Bitcoin and crypto, predicting they will continue to evolve. The bank announced last week that Goldman's private wealth management division is close to offering Bitcoin exposure to larger clients with portfolios of 25 million or more. News Flash, if you don't have 25 million, you can go to any exchange and buy Bitcoin Ethereum yourself. So don't worry. State Street, the second oldest bank in the US, which currently manages 3.1 trillion assets under management and a staggering 38 trillion and assets under custody is offering its multi-asset trading platform to pure digital. That's a leading crypto trading system for institutions of banks. Great. So State Street now joins BNY Mellon, one of the other oldest banks out there, JP Morgan Chase, Citigroup, BNB Pariba, and of course Goldman Sachs to introduce digital assets and they're allowing it and going forward. So it is a weird thing, right? Where you have, on one side, you got an HSBC, US bank or whoever else is doing all this crazy stuff where they're stopping people who are doing no problems and buying crypto because they know it's going to go up. Two, you've got this other ones that are just like, you know what, we're on board, do whatever you want to, we're going to get on board with you. So these guys will go away and these guys were flourish. And to me, I don't know why they're doing it, why they can't see the future. It's either they see it and they don't want it to actually happen or they just don't want people because crypto is all on a public ledger, right? So some of these places, maybe they don't want you to see what's going on publicly. Maybe they just want to be behind the scenes until, you know, they get caught and have to pay a little bit of a fine, which is what they call just the cost of doing business. We'll pay a billion to get a couple billion. Anyhow, that's what we have for those little snippets. Let me know what you think in the comments section. Is this right or wrong? And let's move on to our next piece. All right, next up, and this is another great story about adoption. And the reason why I bring these up is because all the people that have been lied to and that have been told the same song and dance like you shouldn't get into crypto because it is funding for terrorist organizations and cartels and something stupid like that, right? It's on public ledger. Good luck. So when they see these types of things, then they're like, whoa, wait, so all that price appreciation that's happened over the last years, they've been lying to us. Now we've got these old institutions, old institutions, 100 plus years old institutions getting into this. I didn't get into this. So all the old money, all the money that's sitting on the sidelines getting into stuff that should or should not be, again, not financial advice, they're like, you know what, I'm going to get into this. And these are the types of stories that you can tell your parents, grandparents, kids, coworkers, friends, family, everything else, like, you know what, I'm just telling you what I'm going to do. But look, other big institutions and smart money is getting into it. So maybe you should take a look at that. So that's why I like to do this because I think 2021 is going to be a great year. And these are the stories that will compel people to get into the industry. So what's happening? So NY Dig revealed on Thursday, a plan to create Bitcoin-powered products and services for the 6 trillion per year global insurance industry. They previously raised from New York Life, MassMutual, a bunch of money. And now they've raised 100 million of additional growth capital from star insurance and liberty, liberty, liberty, right? Ross Stevens, CEO of Stone Ridge, an executive chairman at NY Dig said this, and this was interesting to me says, fiat depreciation causes inflation and fiat premium. So if you take a look at a little quantitative easing, and all the money that's being injected into our economies across the world, because the dollar is the US reserve currency, you can see that it actually dilutes dollar and the purchasing power of the dollar actually goes down. So if that's happening, then the premiums that you're paying, they don't really do too much for these insurance companies. They're like, wow, thanks for giving us this depreciating asset. Maybe if we take these dollars, and this is what Michael Saylor and Michael strategy said, instead of us just sitting on dollars, let's putting it into something that can actually appreciate or maybe even stabilize called Bitcoin. And we'll just do it like that. And when we need to get into money, we'll get into money or cash when we need to. So this makes sense. We see a brighter Bitcoin power future for the billions who depend on the insurance industry every year. So this is also great news, like we just talked about, but I think it kind of goes beyond that. And this is the big picture. The big picture is this. When people tell me, because I'm a big believer in the four year cycles, right? 2012 to 2016, 2015, yeah, did a little math there. 2012, you had your halving, 2013, all-time high, dip reset. 2016, you had your halving, 2017, all-time high, dip reset. 2020, you had your halving, 2021, we're going to have our all-time highs. We've already have all-time highs. And then we're going to have a big dip and reset. The question is then, what people will say is for all these big companies, all these institutions, especially these old ones, like a BNY Mellon, like all the ones that we just talked about, these guys are old-style institutions, especially insurance companies. They're not going to sell it at the drop of a hat. So these will actually stabilize Bitcoin a little bit more. Will it stabilize pick your altcoin? No, they're not. They could, but maybe not. And that's why, for my exit strategy, I'm actually, when this bear market hits, because it's coming, I don't think that, actually, I'm going to be selling 50% of my Bitcoin and holding on to 50%. The alt's 80%, minimum. So that's just where I'm at. Now, the question then is, is it going to be another bear cycle, like we saw in the last two, four years and four years and eight years, where it's going to last for years and years? I have no idea, but I can tell you this. Just look for this. Again, not franchise. This is what I'm going to look for when you say like that. When you see a big hockey stick and you see the price go like this to the moon, it's hard to see like 100%, 200%, 300%, over a very short amount of time. That's unsustainable. And right now, this entire market is pretty overvalued. And we're only in April. So I'm expecting this to go all the way to December, like we had before, but look at August, September, October, find your price points, watch my video on exit strategies, and just to do your own research and kind of formulate from there. Don't follow my advice to a T. It's just a small piece of things that you need to put together to find out what works best for you. And that is essentially it for today. So I just want to say, first of all, thanks for sticking with me. That was a little bit of a rant, but that's what's going on. It's going to be a great year for 2021. I think crypto angel assets will do phenomenal. It just depends on how phenomenal. All right. So thanks for taking with me again. If you liked the video, give it a thumbs up. It helps tremendously. Also consider subscribing. A lot of things we talk about are time sensitive, and that is all. Thanks so much. Appreciate it. See you on the next one.