 Welcome to Jalassette News to get top stories in cryptocurrency and Jalassette's and break them down to bite-sized pieces. Today, we've got some pretty interesting stuff. First up, big institutions are only interested in Bitcoin, says NYDIG CEO. So the question has to be asked, what does this mean for the altcoin market? And we really should get verification because this is just one CEO's opinion. Also, cryptocurrencies face greater oversight under Gensler-led SEC. This is going to be the new chair of the SEC. And my question is, what does this mean for XRP and the lawsuit that's going on? And finally, I'm going to take a look at a great question from a subscriber who asked me what I would do with a hundred thousand dollars if I wanted to invest in the cryptocurrencies as well as save a small business. So I will answer that, but first let's take a look at what's going on in the market. So today it is January 16th, 9.30 a.m. El Paso, Texas time. Nice sweet day. It's going to be 64 degrees. So I'm going to get out of here and play a little sand volleyball. I don't know where you're at, but that's what I'm doing. That's the great thing about living in Texas when it's hot as hell. All right. So Bitcoin, 7.6% up in a 24-hour time frame. Unbelievable. We've been bouncing up and forth. I think we almost hit 40 not too long ago, and now we're down at 35. Now we're at 37. So just expect volatility. This is normal as we do a stair step fashion all the way to the promised land, which is major, major all-time highs because this is the year 2021 for the massive boatman. Ethereum up 16%. That's pretty good. 12.75 almost going to hit that all-time high of, I think it was 14.40. Tether's Tether. Nobody cares unless you're an auditor or the New York State Attorney General. It's got a polka dot, 46% in 24 hours. So congratulations all you polka dot holders. You're up to $17.36. I remember when polka dot first came out. I wasn't a big fan of it, but then I looked at who is behind it because I invest in people. And when I took a look that Dr. Gavin Wood is behind it, who is also part of that Ethereum mafia, I was all about it. And I'm glad I got in at the right time. So for all your holders, congratulations 86% for the week. XRP has been flipped with polka dot and really it was close and it was going back and forth, but now there is a massive difference in the market cap. You've got XRP at $13 billion and polka dot at $16 billion. So it was it was flipping back and forth, but I think this might be it for a while until that lawsuit gets terminated, hopefully. Cardano up 26%. Skid like coin 12%. 9% or 10% for Bitcoin Cash. Link is up, wow, 22 bucks, 46% for the week. Just fantastic gains all around USD. No, let's see. Ave, they're 40% almost $200. I still need to get Stani on this channel. I'm going to talk to him about loans, mortgage loans, 30 years we're talking about. And also here's a real quick thing, synthetics, this number 18. We did our show, which is the Trinity of Trading, where it's me, Weston and CJ. Weston does sentiment analysis to trade the chain. CJ does tentacle analysis with Mark Rebellion. I do the fundamentals and we had invested four days ago into synthetics at $15.08. And actually, you can see all our trades that we do. I'm not a big trader, but I listen to those geniuses and they tell me do this and I'm like, yeah, seems reasonable. So of course, you know, we take a look at different factors, but right now it's at $15.08. We were hoping for 20% gains and hopefully we get that. Weston had called it out at 8% for a short term. And then for the one to four days, we're hopefully for 20%. But if not, we might have to only take, you know, 13% gains. How awful would that be? So that's what's going on. We'll be doing Trinity trading every week. So get ready to check that out and we'll do another one next week. All right. And that's what's going on with the market real quick. I just want to go through and just look at how would we have done if we were invested just in Bitcoin? Because that's what we need to compare it to, right? Want to just invest in Bitcoin, make things easy. Well, if you invested in Ethereum at 8%, DOT 35%, Cardano 17, Litecoin, you'd be up majorly across most of the altcoins. And that is the big thing about this. That is why for my portfolio, I try to be as safe as possible. And I will put in half is Bitcoin Ethereum. I mean, the other half is different altcoins, you know, Cardano and Voyager and EOS and Polkadot and all those good ones. But for the most part, I just want to play it safe. And I've been dollar-cost averaging for the last four years now. So it just depends on what you want to do. And again, altcoin season looks pretty good for right now. So we'll see how it all goes. Oh my God, sushi 23%. Watch out. And Avalanche, which I need to really check out, looks pretty good. All right. So that's what's going on the market. Let's jump into today's top story. This one was pretty interesting because NY Dig, I'm not really familiar with what those guys are. I know what they're doing, but I'm going to bring somebody on who actually does. And what this is all about in the latest episode of The Scoop, NY Dig, The Scoop is a podcast brought to you by the Block Crypto. And it's pretty good. But they had NY Dig Chief Executive Robert Gutman. He said that most of the serious investors, and that's the keyword, serious investors, that he's speaking with are only interested in the largest crypto by market cap. And he states this 100 out of 100 of the last conversations I've had with investors seriously looking to allocate, let's say over $50 million, 100% of those conversations have been about Bitcoin. And 0% of them have been about any other crypto asset, he said. So that is an interesting case to talk about. And I mean, this is good to know, what does this mean for altcoins? Does that mean that you shouldn't invest in altcoins? No, absolutely not. This is just what big institutions are doing. I think when very large institutions, when he talks about over $50 million, getting to the whole rigmarole or what's going to happen, if they're going to invest that much money, then that will stabilize the crypto market Bitcoin wise. Now, as far as altcoins, it's going to be a little bit up and down. But that could be what you want. If you're looking for fantastic gains, that could be where it is. But for right now, to play it safe, it looks like Bitcoin is the safest bet that you could make because a lot of these places are getting into it. But that is just one CEO's opinion. So what I want to do is I want to ask somebody else who is an institutional player and actually talks to these guys, these billion-dollar hedge funds, so we can kind of just back this up. So let's talk to Alex real quick. So Alex, that was the article right there. And that was Guttman, the CEO. First of all, who's NY Dig and is that the truth? Because you deal with all those different billion-dollar hedge funds because you are the head of institutional investment at Bitcoin. So tell me if that guy is full of it or if that's exactly what the people that you talk to are saying. Yeah, that's a good question. First of all, the answer is he's spot on. The folks over at NY Dig, which is a New York digital investment group, is a group within a traditional asset called Stone Ridge. And Stone Ridge is actually a very prolific manager in the whole side. And the fact that they have $12 billion plus in assets from investors under management. We've been doing this for quite some time. They have been under the radar for the last three plus years going through various regulation hurdles and getting wrecked up. One day they popped out into the news and said, hey, we're a qualified custodian. We have our own custody business. We have our own this, our own that all around digital assets. And it was quite impressive. But they're a very quiet, large force in the crypto space. Got it. Okay. So that was the big question. And then the people that you talk to, because you're talking to, and of course you can't tell me your partners, but when they're asking you for talking about cryptocurrency, are they talking about we want to get into Bitcoin or like we want to get into Ethereum, we want to get into XYZ, EOS, Cardano, or is it just Bitcoin, like he was saying? No, there's two different buckets of the institutional side. One is the corporates, the treasuries, the investors. Those guys are only talking about Bitcoin right now. That's all they want. They're seeing what Square and what Microstrategies are doing and how that can enhance their balance sheets or their long-term investments. The other bucket is asset managers. And those asset managers, depending on what their strategy is, will take arbitrage opportunity and any coin that presents itself with arbitrage. But when it comes to the corporates and the treasuries, those institutional investors are only talking Bitcoin. Gotcha. So it makes sense. So Bitcoin, the safe route, but there's still a lot of room to run for the altcoins. There is. And I think Ethereum is a close second in conversation, but there needs to be some more, how do you say it, long-term studies done on it. Yeah, I got you. All right, man. Hey, appreciate it. And then let's jump back. All right. So I hope that puts into perspective because these stories are great, but really to get the whole picture, we have to get it from multifaceted sources. We can't just just rely on something. We try to get as much source as we possibly can. And that just makes sense to me. So just to continue on with this one, I just want to follow up on a couple of things. So this was actually the block crypto where you can actually listen to the podcast. But what was in that podcast that wasn't talked about in the other article was this. Bitcoin investment firm NYDIG raised 50 million in October. It quadrupled its clients and life insurance company Mass Mutual purchased a minority stake in the firm. So Mass Mutual, if you remember, they put $100 million into Bitcoin, which is nothing to them because they have billions of billions of dollars. And they are like old school players. So when they put something into an asset, what the CEO of NYDIG talked about, he said, hey, you know, these guys, they do their due diligence. They have a team of people look at all the different assets they could potentially invest in. And it's a very slow process. So when they get to the point when they're actually going to invest, they're going to come big, they're going to come heavy, and they're going to put a lot of money into it. And this is a prime example. So not only do they put money into Bitcoin, they also put money into NYDIG because they did a lot of research. And that's what they found is the best option for them. This came about because Bitcoin is transitioning to a predominantly institution asset according to NYDIG CEO Robert Gutman. So this is the big thing. When you see people out there who are big time players, one of them would be Menard, this is the chief investment officer for Guggenheim. At first, he came out and said, hey, we want to invest into Bitcoin at $10,000 and $20,000. Well, they couldn't get regulation in time. Now it's at $40,000. And he went on a little Twitter, a little tweet rampage and said, you know what, price takes some profits and just sell your Bitcoin because they want the price to go down. And I think that's what's going on. I see that Kevin O'Leary from Shark Tank. And he's on every single time I see him, he's like, well, I understand Bitcoin, I understand Bitcoin. And he's been doing this for years. And I'm like, I know this guy has, he's not stupid. He's got to be investing into Bitcoin and just poo-pooing all over publicly. But in private, it's like, hey, buy some Bitcoin. Nobody's, nobody's that dumb. Nobody. And, and he always talks about, well, I don't understand the whole process of it. I don't understand. Yeah, you do. Yeah, you do. You were talking about in 2013. So anyhow, Mass Mutual made a $5 million equity investment at NY Dig last December, as well as a $100 million Bitcoin investment for its general investment account through NY Dig based on a set of macro circumstances 2020 presented, COVID, quantitative easing, massive printing, insurance companies are starting to question whether they can go forward only buying corporate credit to make good on policies. Over some number of years, hard for me to imagine. It is not all of them coming into Bitcoin. He said if Mass Mutual can get there from a diligence perspective, so can the next one. It's definitely coming. And then he just talks about, hey, you know what? Everybody should be in Bitcoin. It's their fiduciary duty to get into Bitcoin because if not, your stockholders be like, what did you do? You put it all in the cash and the treasury. The purchasing power of the dollar has decreased. There's so much being printed. We're printing trillions of dollars. You guys messed up. We're not going to invest in your company. We're going to go to a micro strategy learning what the hell's going on. So that is what's going on with that piece. Let me know what you think in the comment section. Let's move on. Sue. This one's pretty good. So this guy, Gensler, he's going to be leading the SEC. The last guy, he wasn't really big on cryptocurrency, but this gentleman here, I listened to a talk. He was talking at MIT and he was talking just like, I mean, he could run this channel, probably more so. And he was just saying exactly what cryptocurrency could be. He specifically talked about Ripple. Get to that in a second. And this guy really knows the ins and outs of digital assets. But Gensler previously chaired the CFTC and the Commodity Futures Trading Commission and was a partner in Goldman Sachs Group. Goldman Sachs, let me just tell you one thing. The same thing we just talked about a little bit ago about people like, oh, no, I don't understand what's going on. Well, guess what? So Goldman Sachs, they're going to enter the crypto market soon with custody. And this was a little piece that just came out yesterday. And instead, like JP Morgan, we have issued an RFI, a request for information, looking at digital custody. We're broadly exploring digital custody and deciding what the next step is at the Goldman Source, blah, blah, blah, blah, blah. Technotic shift took place. Whatever. That's boring. So the whole thing about this is JP Morgan in the beginning all said the same thing. Don't like Bitcoin, Jamie diamonds, like I will fire any of my traders who even touch it. But all of a sudden they get into it. And then here we go with Goldman Sachs. Not only that, Goldman Sachs, not just recently in May 27th, they had a little investor pow wow, where they brought everybody and just showed them slides about investment opportunities. And out of that, they just said that, oh, no, cryptocurrency and Bitcoin, it's not even an asset class. This was an investor call Wednesday. This was back in May. Discuss current policies of Bitcoin and inflation, the context of the COVID-19 crisis, the big takeaway, investment bank is still not a fan of Bitcoin or the cryptocurrencies. And the call materials, Goldman notes that while cryptocurrencies like Bitcoin have received enormous attention, they are not an asset class. So it's, I don't mind people changing their mind. I don't mind you. That's funny. I don't care if people change their mind, right? That's great. You have more information and you change your mind. But to me, it just seems very odd timing that all of a sudden everything's going up, like, oh, you know what, this does look pretty good. You're telling me Goldman Sachs, a multi-billion-dollar company, didn't have the ability and the foresight to put a team of people together and go, you know what, take a look at this and tell us that this is something to invest into. And after 10 years, there's the best performing asset class over a decade of like, you know, we're going to pass. Yeah, right. Anyhow. So, Ginsler, he's advocated for a nationwide way to register and monitor cryptocurrency exchanges instead of leaving oversight to the states. Interesting. Because every state, they have to approve you for whatever you were doing for cryptocurrency. New York is one of those things. You have to have a specific bit license. And that's why, like, if everybody's looking for Voyager, one of my top picks for 2021, the VGX token, you can't get it in New York because New York sucks. And that's just how it is. They don't suck. They're just doing their due diligence. Don't sue me. So it is good to have an ex-banker in there who is smart enough to recognize the value of Bitcoin and other cryptocurrencies to building wealth and value in society, said Tim Draper. He will understand the importance of allowing innovation while watching over banks who might try to restrain trade by blocking the use of superior currency. Ginsler is also advocated for greater regulation of cryptocurrency exchanges. Real quick, I would love to have this happen, actually, for regulation for cryptocurrency exchanges, because some of them go down at the most inopportune times, Coinbase, and I don't understand why they do these things, Coinbase, because they shouldn't be allowed. If you have more lawyers than you have engineers, there's a problem there. So I think, Billy, what it comes down to is, if they want to regulate some exchanges and say, what are you guys doing? Why is this download time? Are you holding out for your institutional investors? Because we know you're helping out micro-strategy. We know you're helping out these other big institutions. So are you holding back some things? Don't sue me. I just think that's what's going on. And just my personal opinion, I have no proof of that. If it gets broad adoption, if we really think the crypto world is going to be part of the future, it needs to come inside of public policy envelope, says Ginsler. This means we need to guard against illicit activity, and yes, we need to protect investors. The crypto exchanges, big exchanges like Coinbase, need to come within the SEC or the CFTC. And lastly, Nick Carter, co-founder of Coinmetrics, says this guy knows what he's talking about, essentially that's what it is. And he does. Like I said, there was an MIT piece where he was just laying it all out. This is what cryptocurrency is. This wouldn't do the last sets. And he specifically talked about Ripple. And people, especially the XRP owner, were really ecstatic when this video came out like, ah, see, this guy's going to drop. This guy's going to drop it, not so fast. So this is Jake Trevinsky. If you don't follow him on Twitter, give him a follow at Jay Trevinsky. He is the chief counsel for compound, the cryptocurrency, compound financial. And he states this, Gary Gensler deeply understands crypto and has strongly supported Bitcoin for years. This election as SEC chair signals a policy shift in favor of Bitcoin ETF. That's big. Maybe Kevin O'Leary can stop spewing his nonsense about Bitcoin as an ETF before I get into it. Sure. He also went on record in 2018 saying there's a strong case that XRP is a security signaling no shift on that issue. So if you're excited about Gensler coming in, just remember he called XRP a security. He was big proponent of Ripple, but Ripple is the company and the software company and XRP is the cryptocurrency. So let me just think of the comments section. Let's move on to our last piece. So this one was interesting and I already answered that via email, but I wanted to bring it to everybody's attention, see what they thought. So this was from Michael and I blocked out his information because I don't want to share any of that. I'm not ledger. Sorry. Hi, sir. I hope all is well. I'm seeking your financial advice on an investment. Here's my background. I have a small business food industry that is failing miserably thanks to COVID. That does suck. I need to somehow save it. I have $100K to invest that probably I can stay without for one year. I'm torn between investing in Cardano or Voyager. I need what will give me the best return over a one-year period. I may be a long shop and any help directing me would make a difference. Thanks for your help, Michael. So first of all, Michael, let me come here. Talk to you real quick. I'm not a financial planner. I can't give you any financial advice. I just can't. I can't tell you what to do, especially with your business. That's a deeply personal decision that you have to make what's best for you and your family and your business. I can say this. If it was me and this happened to me, well, first of all, you have to understand as a business owner, the PPP, the Paycheck Protection Program round two had just been ruled out. So talk to your bank about that because that's exactly what I did. I called out my bank. I said, hey, they just rolled that out. So what's the process? They emailed me over some forms that I filled out and I'm going to apply for the Paycheck Protection Program. So that's one thing that I am doing. I'm not saying that you should do that, but definitely you might not take a look at that. I don't think that's financial advice. That's just something to look into. So that is the first part. The second part is if my business is struggling, first I had to take a look at my business. So with COVID, there's a lot of businesses that are definitely struggling. So you have to understand like I just went out last night and me and my wife and we went to a place called Julio. It's right down the street. Great place. And it was a 30 minute wait for the restaurant to get in. 30 minutes. So wherever you're at, I don't know how destitute it is as far as COVID. Sometimes you have to take a real hard look at your business and say, am I doing the right things? Am I attracting the right customers? Am I doing the right things to stay competitive in post COVID-19? And they were doing a lot of different things as far as separation and they spaced everything out. So even though there was a long wait, maybe they also are hurting. So that is really that part. The other part is the sound principles is it doesn't matter how great your product is. I hate to say this, but really it comes onto marketing. And I'm going to give you a prime example. You sitting there watching this video, what is the best hamburger in your town? What is it like? Like a Bronco's burgers or Dave's or Jerry's best burger down the street or whatever else? Who has the best burger in your town? I don't know where you live. I don't even know what country you're at. But I can say it right now. The most popular burger is McDonald's because they serve billions and billions and they wipe out any other different place that you have in your local town. And that's who's there mostly. And the reason why they do it so well is because they are masters at marketing and land ownership. Really, it's land ownership. Everywhere you go, they're there. Also, you'll see them on social media, you see them on commercial, you see them everywhere and they're just a juggernaut because marketing. Are they the best food for you? Absolutely not. They are delicious though, but not real good if you're working for your apps. That's for sure. So take a look at, am I marketing enough? And then to get to your question, what would I do with 100,000 between Cardano and Voyager? Well, first of all, I think Voyager has a huge upside potential and I've talked about this in a couple of different videos and I will link them at the very end. But if I had to make a choice between those two, I would put Voyager 60%, Cardano 40%. And would I invest 100,000? No, probably not. Because you have to understand, if I have 100,000 and that's what is, my family is depending on that, you have to realize that with cryptocurrency, we can lose 80% of the value tomorrow. And that's a reality. That's a reality. Something could happen, some other crazy thing that pandemic, who knows what could happen, right? We saw this in March. There was a huge dip. So if you're depending on that to pay bills and put food on the table, I would not put in the cryptocurrency because you never know. However, in the long run, the dollar cost average in, I would do that. I would probably take 100,000. And the first thing I would probably do is I would take, if I had 100,000, depending on so many variables, I would probably put $1,000 into action, let's say 1,200 bucks into Voyager, and I put $800 into Cardano and see what happens. And then I would go from there. And then I would probably think about every couple of days to investing and see where things go. Or I could do what me and Diddy talked about. Diddy went all in. I do more dollar cost averaging for the long haul. Or I just, we call it the triple DCA, which is a Diddy-Dan dollar cost average. So instead of just taking it one lump or over years, you just take six, your whole watt, whatever it is, let's say that I say I have 100,000, maybe I take, let's make a six times 318, let's say $24,000. Okay, 24,000. And I'm going to put two, three, four, six, and yeah, I'm going to take $4,000 today. And I'm going to split up between Cardano and Voyager. And then in two more weeks, I'm going to take $4,000. I'm going to split between Cardano and Voyager. And then two more weeks and two and two and two. So that way, if you do something like that, if you look at the charts, especially if I would have done this in 2017 and just took all my money, let's say I had 100,000. And instead of going in the, like towards the top, if I would have said, okay, I'm going to take, you know, 20%. And I'm going to put it in on day one, two weeks later, I'm going to put 20%. Two weeks later, 20%. Well, that's actually fit, but whatever. Math. So I could have really spread that out. Now, if you want to ask me what I would do as far as like safety, Cardano and Voyager, you never know. Right? I think Voyager is going to be a big play. But what we just talked about in the very first article, if I want to be very safe, I put a lot in Bitcoin. I put a lot into Ethereum. And then I would scale down. And I would probably look at Voyager, Cardano, Polkadot, Chainlink, and however you want to do that. So that is essentially my, what I would do again, not investment advice, these are just things. And there's many options for you to do. But the big thing is just be careful, sound money principles, take a look at your business first, paycheck protection program, marketing, what am I doing post COVID, and then go from there. All right. So that is it. Thanks a little bit longer on a Saturday, but a lot of things go on. What can I say? So if you like types of videos, it'll be too much going to pop up on your left and right. And that is all. So thanks so much. I appreciate it. And I'll see you on the next one.