 Welcome to Digital Asset News. Take a look at top stories in crypto and bring them on a bite-sized piece. So today, just like the thumbnail suggests, we're going to talk about three things that have led to a semi-crypto market recovery. And one of those things that we're going to start off with is what everybody on YouTube is talking about is the debate or the discussion between the car salesman, Elon Musk, and Jack Dorsey from Twitter, and Cathy Wood from Ark Investment. And we did a live stream and I'm going to summon all up in about 30 seconds. So we'll take a look at that on top of the fact that what I call smart money and big money. Let me take a look at Goldman Sachs shows at 45% of family offices who have a ton of affluent or affluent investors. We also have a billion-dollar investment from Rothschild Investment Corp. Getting into Bitcoin. And there was a sum up on the Alex Maskeoli show where he takes a look at just this massive amount of big money moving from the traditional market into cryptocurrency. And finally, we're going to take a look at the grayscale situation where Sunday's grayscale Bitcoin shares unlock held more shares than the remaining events combined. So basically, if you live past Monday and that's a big little dip, you're going to be okay. And then finally, I just want to talk about how we did a deep dive into looping. And you can find that over on the Digital Asset News Clips channel. We'll talk about that at the very end. But first, let's take a look at what's going on into the market. So, hey, not a bad day. Had a little bit of recovery looking pretty good. And we're almost at 1.3 trillion right where we kind of started about a couple of weeks ago. So that is something to celebrate. And really what it comes down to is just that everybody was expecting some big fireworks from this discussion today. And I can tell you, we'll get into in a second, but it was some people will call it enlightening. I call it extremely boring. And I'm glad everybody was there during the live stream. We live streamed over on Digital Asset News Clips. And that made it pretty much enjoyable. But a lot of things weren't as good as I would expect. But anyhow, Bitcoin right now is sitting around 31,000, almost at 32,000. We were at people were expecting so much that the price of Bitcoin was up 10, 11%. And it's dipped down a little bit below that. But here we are. Ethereum 1952, I believe it crossed 2,000. Check me in the comments, but I think it did. Tether's Tether and just a couple of people care, apparently. Binance Coin, 7% up, 7% for Cardano, great 6%. Dogecoin up 10%. Congratulations, Dogecoin holders and all that good stuff. Polygon is up 22%. And before this discussion, it was up 30%. And pretty much everything across the board is up. So it's looking pretty good. I think that's, you know, this was one of those events that people were expecting fireworks. And I mean, it did its job. It didn't launch anything into space, but it got us past a little bit of hurdle. So let's just take a look at what happened today, as I call it, the car salesman discussion. And like I said, we did a live stream. I will link this at the very end in the very last piece where you can click when I click on those different videos. And I got to tell you, thank you everybody who showed up. Because if it wasn't for the comment section, I would have fell asleep. Now, I know like there's going to be a ton of people and, you know, they're going to have their opinions and their views. And that's fine. My opinion was, I was expecting a little bit more and we didn't get it. What we did get was that Elon Musk did say that, hey, he still owns a lot of Bitcoin, a lot more Bitcoin than he does Ethereum and Dogecoin. He believes in Bitcoin, he believes even the layer two solution, he believes in the store value narrative. The one thing had disappointed was that the whole thing about renewable energy sources. And he pretty much came out and said, look, he goes, the different studies that I've seen, you can't do that. You there is no way that the renewable energy sources can power the Bitcoin network as we start to ramp up and have more of the hash power come through because of all the different miners that are going to be turning back on their mining rigs as they move from China to Texas or wherever, right? So he said that was one of his things that he was concerned about still. And of course, you can you were welcome to sound off in the discussion area of the comments about, you know, his company and green energy and everything else like that. But Kathy Wood, who I got to tell you, Kathy Wood is right here in the middle, as I am looking on with pure disgust. I'm just kidding. And Kathy Wood, I'm a new fan of Kathy Wood. She is the CEO of Ark Investments. She has invested heavily into Tesla. Also, she is a cryptocurrency proponent. And she just when she talks and when she talks about the things going on in the cryptocurrency and digital asset space, it makes a lot of sense. And when you listen to Elon, we know he's a genius. But man, as far as like being articulate, that is not his strong suit. And Jack Dorsey, another smart guy. And I mean, he had a really a couple of great points about Bitcoin and the intricacies and the elegance of what is going on as far as the blockchain itself. But again, it just kind of fell a little bit short. And it was good. And the one that really made it great was pretty much Kathy Wood. So I'm going to link that in the end here. But as far as like things that we discovered, there was nothing really new. Jack talked about how they're going to be working more on hardware. They're going to be making a Bitcoin hardware wallet. Hopefully, it's a lot easier than what we have right now. And God speeded him. Hopefully, it all works out. So that was just, as I say, the first part to this little market recovery. And the second one I want to talk to you about is smart money and big money. And this was an article that just came out today. A Goldman Sachs survey shows 45% of family offices want to invest in crypto. That's pretty good. A recent Goldman Sachs survey, more than a, there we go, 150 family office around the globe shows that 45% of them are interested in investing in cryptocurrencies. 15% of survey participants already have exposure to the asset class. Those looking to get in are worried about a long lasting low interest rate environment and rising inflation. Last week, US Treasury Secretary Janet Yellen forecasted several months of rapid inflation. And right there, that should be a big cue for a lot of people to get into this space. Family offices, if you don't know, are private companies that are responsible for handling the riches of wealthy families. So again, they are smart money and big money all rolled together with over 70 billion, well, at least big money. I don't know about smart with over 70 billion in total assets under management, Microsoft co-founder Bill Gates casket investment is the largest investment company of this type. Nearly one fifth of those family offices that participate in the in the survey have more than 5 billion in assets under management. And so if you take a look at this and go, wow, well, 40% of them want to get into it. And the reason is because they see the writing on the wall, just like what Janet Yellen is talking about. Look, we're going to have a lot of inflation. We're going to have rapid inflation or we're going to have stagflation, whichever one you want to look at it, something bad is going to happen on the pipe. And there is a couple of ways to protect yourself. One of those is T bills. And, you know, you can debate that all all you want to, but there was a rapid increase of people getting into T bills as they get out of the S&P 500 and then traditional equities. And then you have another market called crypto and digital assets. So why not just head your bet, split your bet and go there. Now, of course, on this channel, investment opinion, not investment advice, but it makes sense to me. So let me know what you think about that piece in the comment section. Let's continue on with some more smart money as Rothschild, yeah, those guys, Investment Corp is accelerating exposure to Bitcoin. What's going on here? According to new records, Rothschild Investment Corp is pushing hard with Bitcoin involvement, having quadrupled, let me say that again, having quadrupled, that's forexed its exposure to the digital asset since April. A number of major companies are continuing to buy while most people are selling. And that's the big thing when we talk about the smart money and the long-term investor and the people who just get a little bit scared, you can kind of see like, like which ones they are. It's like the long-term investor and the smart money, they don't really care about the day to day operation, the week to week, the month to month, they're really just looking down the road. And that could be six months, that could be 60 years in all honesty, but they don't really care so much about what's going on in the near term. It's all medium and long-term type of thinking. And that's really where all the riches are made. Look, for me, I started out just like a lot of people, I just wanted to get rich quick, I'll be honest with you, like I saw crypto currency, I'm like, it's gonna go to the moon, it's gonna go to the moon. And then I realized, I'm like, as fast as this is, it's the fastest thing really out there, right? But I have to be more disciplined and I have to take my lumps and I have to just plan for the future. And that's why I'm always talking about dollar-cost averaging, because it just works. So that's just one of those things. Let's jump back to this article where the investment firm has confirmed ownership. This is a Rothschild of 141,405 shares of the grayscale Bitcoin trust. And no, right now, you're probably going, the Bitcoin trust. I know, it's not really, it's not Bitcoin. If it starts with a GBTC, that doesn't mean it's your Bitcoin, it belongs to grayscale. And this was in a filing with the United States SEC. Rothschild is a major play on the space, however, having invested in the grayscale Ethereum and trust as well. So this part right here, it states, per the filing, the company owned 38,000 plus grayscale Bitcoin shares in April. Each share is worth 0.0009 Bitcoin, which is equivalent to $4 million. And I was like, $4 million? Okay, that's like a drop in the bucket to these billionaires. And then the next sentence got me. It says, ARK Invest also reported purchase of 310,000 grayscale Bitcoin shares to take its holdings to 8 million. So look, Kathy Woods, a pretty big believer in it, and they've got 8 million. And Rothschild is just halfway behind him. So could that potentially increase? Yes. And especially with the story that we just took a look at, where these family offices are also looking to get into it. It's not about just one huge entity. It's just taking bits and pieces from people and groups and institutions all around the space to invest into our space and get them here. So I don't have to have these multi-billions or trillions of black rock to put all their 8 trillion into Bitcoin. I just see percentages. That's really all it is comes down to. It's a game of inches. And then lastly, grayscale now has the attention of crypto space after unlocking 16,000 Bitcoin worth of grayscale shares on Sunday. There were concerns that the move would force the coin's value down, and they seem to be given credence by sharp moves, and we saw that as well. And just remember, in spite of that, grayscale Bitcoin investors aren't allowed to redeem shares for Bitcoin, and they sell for fiat so Bitcoin markets aren't in the picture. So just remember, when people are selling their grayscale shares, it's just paper. They're just selling paper. They're not selling any Bitcoin whatsoever. And then this was also telling. Grayscale CEO Michael Sonnenschein pointed out that businesses are not bothered with short-term movements. Businesses and long-term investors. Investors in this asset class are not focused on short-term movements and price. These are really investors looking at their allocations in the medium to long-term, just like what he said. And so any volatility or dampening of volatility is not something anyone is phased by. So look, that was just two examples of big money and smart money. But there was this point on the Alex Masculi show, and he summed it up perfectly. When you listen to this, just think to yourself, man, is there any doubt that we could be seeing some major fireworks in quarter four? Quarter four of this year, quarter one or quarter two of next year? Because just listen to all the money that is getting in real quick. Check this out for send these over. But look at this FTX $900 million in funding at a round valuation of $18 billion. Open C, where we NFTed Ryan's hair, or are going to at least $100 million in series B round at $1.5 billion valuation. Tighten $58 million in a series B led by Andreessen's Harwitz's A16Z. Look at that, $192 million for two funds with a crypto focus. DeFi derivatives protocol Vega, $43 million in a token sale. Tell me where the lack of institutional investing is because... Yeah, I don't know. Because it seems like we're just seeing a ton of those. And then also don't forget that the former head of the New York Stock Exchange is going to be head of the new cryptocurrency exchange called bullish, which is where they're going to combine the best parts of DeFi so you can have liquidity providers provide cryptocurrency and get yield right off of that. So when you think about it, gosh, what's going to happen in the future? I have no idea. I have no idea. I don't have a crystal ball, but I can tell you it looks pretty positive. And speaking of positivity, that leads me to one of my last points when we talk about grayscale. Now, this was an article that says Sunday's grayscale unlock held more shares than the remaining events combined. And I can sum it up in this one sentence. Bitcoin holders now have a silver lining. Unlockings are only scheduled until August 25th. So you're like, ah, crud, I got under a month ago. And the outstanding shares are fewer than Sunday's tranche, or just that's a huge piece where everything just dipped down. But just let me blow this up. So look at this real quick. Look at this. So all this time from April, especially May, when everything started to plummet, look at all the unlock schedules. And then of course, in around 20th to 21st, this is when we had the big spike, that big spike right there. And now everything's just falling off. Now there's a couple of little minor spikes here in August, but in September, October, November, smooth sailing, my friends. So that's, that's it. I mean, that's really what it comes down to. So again, all these stories that are coming about as far as the flood stories and the like that, I think we're in a pretty good place. And I think we're going to see, like I said, some fireworks coming up soon. I don't know if it August will be the month or September, but I got a pretty good feeling. And I don't see anything getting in our way unless some kind of a black swan event. But who knows, but pretty positive news. So let me know what you think about that in the comment section. And let's move on to our very last piece. And I'll make this real quick, which is we did a deep dive on loop ring. And I was able to use loop ring and use it just like how it's supposed to be a decentralized exchange. They use ZK rollups. It's a Ethereum layer two solution. And it's super fast. And usual, the gas fees are anywhere around like 10 bucks. Now I have 10 bucks, 12 bucks, something like that. But when I used it, the fee was 12 cents. So if that interests you, then check that out. I will link that at the very end. And that's essentially is it. So look, if you if you liked the video, first of all, give it a thumbs up. Thanks for hanging with me. I appreciate it. If you like these types of videos, subscribe. A lot of things we talk about here are just the news over at digital asset news clips. We do those things where we take a look at loop ring, we take a look at world mobile token, take a look at meld, Charlie, all those big projects. And we do live streams over there. So definitely check out that channel. Link is in the description. But that is it. So thanks so much for sticking with me. I'll see you on the next one.