 Welcome to digital asset news. Take a top stories and cryptocurrency digital assets and bring them out of bite-sized pieces Today, I want to do a quick video and just talk about how it is not The end and I just want to go over a couple of quick news stories that has been going on the last week To two weeks sometimes a little bit longer just to see exactly where we are And there's gonna be things that we're going to talk about Like little pieces of fud here where the usc's is 2.3 million dollars in bitcoin and how they actually did that A statement by former president of the United States Donald Trump as he says bitcoin is a scam And those are just two of the recent ones that I want to remind everybody about first of all How we line up as far as like where we are now and the past and actually where we're going in the short to long term And I want to just talk about some of the good things have been happening throughout the entire World globe as far as like India El Salvador Paraguay all the way down to Mexico Even the great set of texts that I live in and all the great things that are happening around the world for crypto and digital assets And we're getting at all those things and then finally I just want to ask the question When all these prices go down, what do you do? What do you do yourself? So we're getting all those things, but first take a look at what's going on in the market And why are we doing this video today today? It is just one of those Extremely red days. I mean we're down to 1.4 trillion, which sounds kind of ridiculous. When you say that when I say that a lot It's kind of weird The market is down to only 1.4 trillion dollars I can remember just three or four months ago when we were all celebrating because we had Broken that all-time high of 1 trillion dollar market cap and here we are Complaining we're like shoot. We went below two and now we went below 1.5 and here we are 1.44 trillion Was anybody under the disillusion that this was going to be super easy where we would just Put our fiat money into and then everything would just go to the moon and we'd have no turbulence Especially with this year being I think one of the biggest years that will ever be In crypto as far as mass adoption. I don't think that's how it works Actually, I'm a hundred percent sure of it and this is just one of those videos you're going to watch and go like Okay, I get it. So let's see how bad the action is. Well, I can tell you right now bitcoins Might go below 30,000 just might and then we're down almost 12 percent if there is down 14 Binance everything's down mostly double digits. Everything holding For even single that's kind of weird to say I didn't even holding single digits No, it's all massively down except for theta fuel. Congratulations. T fuel holders myself included And uh, yeah, that's about it. So yeah, not a great day for the crypto market So let's take a look at some of those things which caused us to have fear Which caused us to have uncertainty and which caused us to have doubt Otherwise, otherwise known as fud and see exactly what's going on. So first up This is a story that we covered briefly yesterday USC's is 2.3 million and bitcoin paid to colonial pipeline hackers This is all about ransomware and you heard this you're going to keep hearing this again and again and again about how It's weird because people will talk about how awful it is that all these criminals use cryptocurrency assets to Do these ransomware bitcoin is is the end all be all and bad guy stuff. Well, first of all Before bitcoin everybody just used the good old american dollar cartels used it Terrorism used it terrorists use it People who were you know, just the unscrupulous out there and doing the wrong things They were all using the dollar. Let's just call a spade a spade. So when people say, oh bitcoin is it makes it easy? No, it doesn't here's an example So The first thing I will say is we covered this briefly But the real question was how did they Recover these funds give that a second. So this is what happened the just department on monday yesterday Recovered 2.3 million in crypto ransom paid by colonial pipeline company Cracking down on hackers who launched the most disruptive us cyber attack on record Deputy Attorney general Lisa Monaco said investigators had seized 63 bitcoins now valued at 2.3 million Well, I bet last week was probably with a lot of more And and to finish up an affidavit filed on monday said the fbi Was in possession of a private key to unlock a bitcoin wallet that had received most of the funds It was unclear how the fbi gained access to the key. So at first glance when people look at this and they say hold on Wait a second Are you telling me that the u.s. Government can at any time just get a private key? Unlock anybody's account and then take all their crypto and the gelus I thought you said they couldn't do that And when people read this and hear about this, they don't know what they they have no idea First of all, they have no idea what bitcoin and crypto is and that's this the reason why that thing that spins Above my head all the time dan teachers crypto.com. That's the reason why I made that Website and I made it 100 free so anybody could go there and learn I don't care if you are in north america south america if you're in bangladesh or sub-saharan africa 100 free 100 free if you have a mobile phone and an internet connection And it doesn't have to be great Then you can go to dan teachers crypto and learn all these things. So again when we're talking about These things people like oh, well, I don't understand what it is. That just means that the government can crack it That's not what happened. So here's what happened. This was uh, actually Retweeted by katlyn long and is from adam back adam back bitcoin. Oh g says bitcoin was not hacked No bitcoin wallet was hacked nor is it is even known to be possible Ransom hackers used a rented cloud server Fbi got a subpoena and took control of it and recovered coins. That's it pretty simple, right? And you can read the whole thing as it goes through here and adam lays it out exactly In more detail what happens if you need more detail. So that makes a lot of sense So my big thing yesterday was like this you can't have it both ways Okay, you can't say that oh bitcoin is awful And uh, it's gonna lead to more ransomware and then go. Oh, wait, wait, but but the government can hack it So, you know, whichever way you go. It doesn't matter. It's bad either way. No, no, no That's not that's not what it is. So when people talk about this, make sure you Send him this article and just say no, no, it was a rented server. This is how bitcoin works Nodes decentralization go to danteacherscrypto.com teach y'all everything you want to know about it And that was just one part and the second part came from this Um Donald trump said that bitcoin's a scam. All right, so this was in a fox news interview Fox business. He says bitcoin. It just seems like a scam. I don't like it because it's another currency competing against the dollar and Somebody had said they go they go. I didn't hear him say anything except that bitcoin's currency. That's fantastic. And uh That is what he said. He's really understanding that bitcoin is a currency He goes, but I don't like it's another currency against the dollar. I want the dollar to be the currency of the world That's what I've always said and then just as a recap in 2019 He said he was on a fan of crypto and then in a tweet he had said at the time crypto was facilitate unlawful behavior Including drug trade and other whatever So same thing that we hear again and again and again and again So that's never good when you hear a former president in the united states say That the asset that you are investing in is a scam I don't care how you want to slice it. Not a good thing and that could lead to this This dip these two stories and then but you have to remember This is the probably the most important part Doesn't matter the stories that come out. It's not directly related those stories Usually what what people will do is some people will panic and they'll sell But a lot of people and this is why this was my thesis of always why people when people would tell me But rob you don't understand The institutions are coming in and they're going to stabilize everything and you just don't get it because you're just Shell shock from 2017 I told everybody the same thing I'm going to tell you today as long as there is greed and manipulation and whales Uh and uncertainty This will always be Volatile and people will always sell to enrich themselves and that's exactly what is happening here So when you see these photo articles, yeah, there can be some some panic sellers, but On the flip side, you're gonna say people just go, you know what? I think people are gonna sell a lot I'm gonna sell and then they sell and then there was a nice little Death cross as far as like ta is concerned technical analysis coming out And I'm actually gonna be on alex's alex massiola show. We'll talk about How things are just kind of breaking down and it is it's totally breaking down and we're going lower. So before we all lose our minds Relax, it's gonna be okay If you're new here Just take a look at the people around you that have been here for a while. It's a great community. Welcome. Not a big deal Do I know what's gonna happen tomorrow? I don't know what's gonna happen tomorrow I don't even know what I'm gonna have for dinner tonight, but I can tell you in the long run Things usually work out pretty well for crypto if you take a look at bitcoin in the very beginning I mean it was uh, I mean I remember reading stories about people were celebrating when bitcoin hit a dollar Because they were so excited that it was on par with the u.s That they were like I they couldn't even believe it They got it's amazing Then one then I went to a hundred bucks people lost their minds Then it crashed down then I went to a thousand we crashed on again Then I went to 20,000 to crash on again. Then I went to 60,000 to crash on again. What do you think it's gonna go? So if you just look at history, it's a decent indicator of what things are going speaking of history Let me show you a little something. So this was from Uh, Raul Powell a real vision and what he does is he lays out a pretty good case. He just overlaid um from the bitcoin price from 2016 and made May 2016 to 2018 when we had that massive run up and he overlaid that Already put that in the background the blue the blue lines And the white line is the bitcoin current price And you see how it kind of matches up which is kind of weird because in may 2021 when we were doing pretty well We had a nice little peak and then it went sideways and then it dropped off Towards the end of may and then in june. I wanted to blow this up even more so and just tell you see really How close we are look at this This right here Is may in blue that's uh, what is that that's may 2017 Make sure yeah may 2017 And then over here is july 2017 Then blue in white We have may 2021 And then we don't have july 2021 yet, but as you can see if we just cut this in half This would be considered june We were actually pretty high In june if you want to really take a look at it as compared to what happened before then there was a big drop off And this is if this is june Then this will be june 15th And then this yellow line will be july 1st Let me see. Oh, sorry. So the first you can't say my my arrow my cursor So that first white dotted line where it says june big red arrow That's june 1st the second white dotted line next to that that is june 15th and then the final Yellow dotted line. That's july 1st. So if you look at this We're probably gonna go down again I mean even if we take a look at the moving averages Which we're going to take a look at with the guys at mark of rebellion. We're probably going to move down even some more That's not fun. That's just what the history shows us. Do I am I 100% sure? No, I'm not 100% sure But if it does go down just so you're mentally aware, okay, it's going to go down If we look at the past, but what happened after that that's a good question rob Well, this is what happened We bought them out And a lot of people got out and those people I got out are probably kicking themselves now because they didn't enjoy that massive run-up in 2017 One in one from like 1,000 1500 bucks all the other 20,000 and this is what We're all here for but again, we could see another another peak up to 80,000 Crash down to 67,000 and then run it up all the way to 100 130 150 This is not investment advice. This is investment opinion. Don't take my word for it. This is just the way I see things So there is that little piece And I'm going to skip over to the to the last part here So when this happens and we'll get into the good stuff when this happens, you have to remember what are you going to do about it? I'll tell you what I did today. You know, I did I woke up at two in the morning. I couldn't sleep for some reason Something was wrong. Obviously. It's the market And I saw how much it was going down and I bought I bought Bitcoin I bought Voyager. I bought storm x I bought some other ones I bought some other ones. I forgot which ones I bought but uh, they were just so low. I'm like, huh sure enough I've already bought this is like my fifth dip. I bought. I'm actually running out of money. So hopefully things work out But again If we look at things in the past I can see it So the question is what are you going to do when things start to bottom out? Are you just going to be like, wow, that's going to bottom out like this like my man diesel diesel cane says I really hope bitcoin drops to 10,000 so us peasants can try to get in the market Here's my thing. I bet even if it drops on a 10,000 people will be so fearful the majority They won't buy it They won't buy it. So like, oh, it's either it's going to be too risky for them or they think it'll go into 5,000 It'll go into a thousand it'll go into 100 and before you know it It just shoots up again So get in where you fit in try to find those those spots That's what I do not financial advice and that's where I'm coming from So if we take a look at that and all those great things, let's take a look At some good news in the past. Well, just real quick the reserve bank of India They came out and they made it very clear that nobody's banning anything as far as crypto And they're going to try to incorporate that into their country So that is a huge news for India. If this would have happened in 2017 We would have already rocketed up on top of that El Salvador president announces plan to declare bitcoin a legal tender another country Well a country, excuse me. I think the first is going to say yes We're going to we're going to say bitcoin is Legal tender and is a currency and they're going to give People who want to move their permanent residency for all you crypto holders and I believe no capital gain stacks interesting So another great big news on top of that. This just came out Paraguay congressmen calls for bitcoin adoption They're going to be working within the parliaments or whatever they have over there to actually move bitcoin To actually adopt it in their country on top of that. We've also seen that there's a politician from mexico with laser eyes I think we all know what that means and then finally from the great state of texas We've got greg abbott coming out. This is a couple days ago and said hey look I just signed into law A new bill where we're going to have a master plan for blockchain for texas If we would have had all this in 2017 We would have lost our minds and that's why Even though that today is an off day When in doubt zoom out, I know it's tough to do those things But you have to take a look at the entire picture of what's going on I personally believe that there's a lot of manipulation going on to drive everything down I for one am not selling and that's it So thanks so much for watching all the way the end I really appreciate if you like this video give it a thumbs up that helps channel tremendously Also consider subscribing as I think we talk about as time sensitive. That's it for today. I appreciate it. See you on the next