 There was a great report that just came out which talked about the asset that can beat Bitcoin By all three ways all three measures cumulative Annualized and year-to-date and it was pretty interesting as this report came out Because when you take a look at at Bitcoin how things are doing in the crypto market itself We've taken quite a beating and the answer is to that question is Nothing So this was a great report poured out by Charlie Leo There's a link in the description. You can check them out on Twitter really good information as far as just just data That's been put out and he said look here's a 2023 thus far has been the complete opposite of 2022 with nearly every major asset class seeing gains asset class return since 2011 and it's just a normal Charlie Leo type of datagraph of The different assets that are doing well over time cumulative and annualized and When I took a look at this of course Bitcoin is number one and we can see that This is from 2011 2022 and then 23 and year-to-date thus far Just thus far Bitcoin is up 85% and then we've got the NASDAQ 100 AEF stocks gold US large caps long-duration treasuries EM stocks referred stocks invertible high yield bonds tips EM bonds US small caps US cash real estate investment trust or our EITs and commodities in all honesty Everybody's getting their teeth kicked in by Bitcoin, which is okay because I think if you're watching this channel you may have Picked up a little bit of Bitcoin yourself and it's interesting because people always say well Don't cherry pick and we're taking a look just like at this time frame because you know Don't cherry pick all these different time frames Because you have to be a little bit more honest, and that's true And that's why I like Charlie because he says well look here's what we got from 2011 2023 cumulative cumulative of quite some time of 12 years You're up 10 million 192,975 percent if you invested Since all the way back then and NASDAQ 100 you'd be up 555 percent stocks Gold so on so forth, and that's just a very long time frame, but annualized year over year How would you do because that's another data point people like well don't cherry pick well here you go Bitcoin itself a 155% annualized year over year. Yes, there's some down down terms down times, but As time goes on dollar cost average things tend to work out And we've got 16 and a half percent for the NASDAQ 100, which is still pretty good I must admit 16 percent year over year annualized returns pretty fantastic Almost five percent's for EA if he stocks gold 2.4 percent watch out US large cap 12.2 percent I think Commodities down here 7.3 percent so this is just a nice little little graph of how things are going and I think when when people talk about Bitcoin Crypto market in general they tend to focus on a lot of the negative Which of course is the most recent and that's actually the same and they do when things go up So if you're able to to zoom out things are looking pretty good, and then also The other thing that that actually confused me was this Asset classes in the world and how things are are going because if we're if we're outperforming everything Well, how are we doing as far as like an asset class if we take a look here? This is from documenting Bitcoin. You've got gold 13 trillion Apple 2.6 Microsoft 2.1 Saudi Aramco oil silver Alphabet or Google Amazon broke shy half away in video and then there's Bitcoin at 570 587 billion dollars and if we just blow that up. This is where they got that information from we're actually Right in front of Tesla as far as Market cap just by just barely so again when I take a look at at the history of Bitcoin and you can take a look at other things like you know You might want to take a look at a theorem and how that's done over Over the years annual eyes and cumulative. It just makes me wonder. I'm like, why? Is our market cap so incredibly low? Yet we outperform Essentially everything out there So it's just an odd thing to take a look at and then if we even blow that up into a bigger perspective This is an updated version of all the world's money and markets and one visualization This is updated for 2022. I like this one because it shows a Sam Bakeman freed here Times of change March 2022 Sam had 26 billion today's got 1 billion, but I think it's all locked up You got sports teams 340 billion crypto. This was in 2022 760 billion. This is before the high of 3 trillion 3.1 trillion when we had back in the day Military spending currency is 8 trillion gold again 11.5 12 trillions around there world's billionaires 12 trillion Central bank balance sheets 28 trillion S&P 500 36 trillion and of course when we're talking about S&P 500 Global money supply stock markets just stock markets in general Larry Fink came out From black rock and talks about tokenized tokenization of assets with the next big thing And he's talking about that tokenization of of stocks, I mean look how much we have here. I Mean you've gots What do we have here S&P 500 is 36 trillion dollars global stock market is over a hundred trillion not too bad global debt 300 trillion Global real estate if we can tokenize some of that two hundred three nine trillion dollars. Wow agriculture household wealth 500 trillion Then derivatives, which we think is somewhere around six hundred trillion dollars. Just think of the possibilities here So again, I just have to ask the question Why Is our market cap What is our market cap actually? Curious here The entire market cap of crypto was 1.3 for a trillion But Bitcoin itself market cap is 587 billion. It's just a boggles the mind how things do that But that is what we have. Let me know what you think about that in the comment section I think we're in the right place the right time, but I have been wrong before Also on top of this Here's some I don't know how you're gonna take this might be good news might be bad for some people Celsius There was a great video of Alex machines. He just walking around NYC NFT event like Nothing was going on. Of course. He had a security detail. Follow me on Twitter. Check it on Twitter It's very it's quite disturbing. However Nova Wolf The company where they Celsius their lawyer and their legal team, but you're paying for we're paying for actually They're planning to tokenize equity of Celsius's new firm with two billion and assets. That's our assets so this is what's going on and Before I get into it, I will say this at least things are moving in the right direction I mean, this isn't what we wanted to be I personally thought that we should have gotten all of our crypto back and just wash your hands of it but Unfortunately the powers that be in Celsius said no no we want to create a new code because We know what we're doing and we want to sell it off and this new company Nova Wolf says yeah we we know what we can do and Sure, I I don't believe them, but whatever this what's going on Nova Wolf will manage the new company for five years Which will have a new name and new board directors Will be traded through a fairly untested method of tokenizing assets on the blockchain again What Larry think was talking about? Board directors are chosen by Nova Wolf and official committee of creditors, which represents their interests The plan could take effect as soon as June 30th Wow going pretty fast And this is what's interesting Nova Wolf has committed 45 million dollars in the transaction But our assets could be worth as much as two billion. That's a pretty good deal If I could put in 45 million I get two billion in assets to myself And the assets in question include Celsius's mining units which have been vastly Unprofitable for the longest time. It's loan portfolio state crypto and other token investments according to court thawings This is from the Nova Wolf co-founder and managing partner Jason new says what I'm really most excited about is the flexibility to be in a position to play offense When you have an entire industry that's playing defense Given a major crypto firms are either in bankruptcy or facing regulatory scrutiny And that have been Celsius themselves. So this is what's going on. It's gonna be a tokenized equity Newcomer will trade it on on chain and outside of stock exchange It will have however be under the SEC disclosure rules, which I have no problems with that Look if the SEC says, you know what you need to disclose the information that's going on without the SEC and the public Accountability for Voyager. I never would have known that they made the most the dumbest The dumbest Loan and existence that I can think of they loaned six hundred forty million dollars three O's capital uncollateralized If that document wouldn't have been put out, we never would have known Never would have made that video two weeks before everything went kaput. So if SEC has said, you know We have to disclose this information so much the better see sometimes Regulatory oversight isn't that bad Sometimes it is okay anyhow Echo the tokens will be sold on the Providence blockchain. Has anybody heard of that me neither General earn creditors with claims below five thousand will see 70% recovery of their claims liquidy cryptos Let me say that again because you're gonna have questions general earn creditors, which is most of us you put it in a into Celsius you wanted to earn because we got ahead of ourselves and If you had less than $5,000 you're gonna see 70% recovery Up to a hundred percent of the rest of the assets, which is the vast majority of People who have over $5,000 and earn Minus what is needed to run the new company will be dispersed to earn creditors with claims over five thousand So what's gonna happen is if you earn earn five thousand or less You have 70% recovery if you have a more than that you're gonna get this new co in this shiny new package of Tokenized assets, which is gonna be chain. What's gonna be traded on this thing called the Providence blockchain, which never heard of in my life Here's a Providence blockchain is so I had to take a look a peek of what the heck this is So promise blockchain is purpose built to transform financial services You could tokenize and build and validate and that's adorable My question is this is it centralized or not you can say you're a blockchain and have two validators and go we're decentralized So you got to scroll down here link in the description And where it says become a validator start validating You can click on that and the commissions of voting and gas prices Directly on province blockchain. Here's where it gets into it. So Providence you see osmosis Osmosis an open source D5 platform based on IBC or inter blockchain communication developed in the cosmos network And if we come over here And we can just see actually hold on it says right here purchase If I click on that it's gonna take me to here's osmosis info.osmosis.zone Here's the token called hash and Here's the volume in 24 hours Zippo Here's the price of it two cents market cap nothing liquidity whopping 1543 That's what this is gonna be built on and then also for more news Welcome to province blockchain documentation It's our open-source software is built in the robust foundation of two powerful tech cosmos SDK and tendermint blockchain Applications platform. So when you take a look at the different things about you know, what is Providence blockchain? What it really is you really got to think of yourself always think to yourself this What is this being built on what is the foundation because there's gonna be a ton of different things that are gonna come out But you really want to think yourself. What is this built on? That's why everybody's so big on a theorem Because I know some people hate a theorem. They're like this theorem sucks and it has all these gas fees and that's true We got a point. I'm not a big fan of it but a lot of things are being built on a lot of things being built on that on avalanche on Cardano on on Tendermint and SDK and osmosis or cosmos So when you take a look at these projects and you're trying to figure out which one do I really get into I'm not gonna be financial advice But really take a hard look at what everything is built on and kind of go from there again When the gold miners moved out West and they were looking at their panhandling for gold Who got rich was the people that were in the individual mines mining for gold and and making their fortune now It was the picks and shovels the people that sold them that everything was built on that That was the backbone of the organization and that's how people got rich Just by supplying on the backbone of hard labor and work So let me know what you think about that in the contents in the comment section not a big fan of this Nova Wolf, but maybe I'm wrong and then lastly just to finish up and then we'll get a little chat action This piece I found this quite interesting Not to be able to talk about it hyper casual goliath voodoo Launching its own blockchain ecosystem and crypto now stay with me on this one. I know people aren't big gamers on my channel I get it. I'm not a big gamer either, but we really have to take a pay attention this this sector So approximately 10 blockchain games are currently in development expected launch in q3. That's coming up We're looking at July August of temper, right? Okay. It's gonna be voodoo coin Not telling you to go out there and buy it. I'm just saying stick with me Publisher is expecting to rely primarily on a discord community that has yet to be built But it's planning to be ready by summer 2023 There'll be an advantage to being part of this community because those who test the games in advance will be able to earn tokens in a Privilege way interesting probably not in America, but who knows This is the crux of it across the company's library of apps and games voodoo Had surpassed six billion downloads Six billion downloads One billion of these were achieved within the nine months previous So you might be asking yourself. Well, that's interesting six billion downloads and they want to get into crypto That sounds pretty good. I bet they're really awesome games. Aren't they? No, they're dumb Then I dumb that is goofy. They're casual games This is voodoo games. This is from the Google Store You can see these games are not triple-a ranked games yet six billion downloads. Why? It's because there's a lot more casual gamers out there globally than there is anything else When you're on a flight, I was just on a flight right now. I just flew in from LA and And What did I do? I just well my phone is I can't go the internet So I just play these goofy little games that I've downloaded along the way just casual stupid games These are dumb. Look at this. Look at this What's the point Rob point is this there's a great report Statista And it talks about What gaming is how many gamers are out there? This is from 2023 how many gamers are there globally? There are approximately three point zero nine billion active video game players Just so you know, there's a right roughly around seven or eight billion people in the world roughly half play games on their phone Most those are casual Asia is home to almost one point five billion gamers That's why we don't hear too much about it because here in the US also because my channels a bit older and they skew older They don't play any games Just look at this 2015 there was two point zero three billion number of gamers now this three point two two billion not bad e-sports games by region far away Asia then comes Europe Latin America and Running up the pack is North America Also the last thing proportion Statistically my channel is between ages 35 to 44 Proportion of these are 14% of the number of gamers out there. You're not the target 38% under 1820 Then you got 12 and 9 and 7 the majority of people younger than us, which is how it is and then lastly The most popular video game video games out there are casual games with 63% of people claiming to play these regularly Casual games action shooter triple a right game racing family who family games adventure games What does this mean? Look at the games that are being built right now and what they're being built on There are a lot of games right now. I know people hate a theorem or some people like a theorem There are a lot of games being built on by Polygon right now. There are a lot of games On Cosmos, there are a lot of games being built on the different chains that you Maybe are not interested in but look at the utility of what is being used especially with gaming and That my friends I think is the bigger play at large, but I could be wrong and yeah Let me know what you think about that in the comment section and that is it for the news today. So again, I think that's Even though that's our market our market cap is Only 1.2 1.3 trillion. I think Like we just talked about Bitcoin out shines most things. So I think we got a lot of room to run I don't know if we're gonna have a recession the Fed seems to think we're gonna have a soft recession in q3 Q4 we talked about this. I think that's the long-term play is the best play for me I don't know what it is for you But if we're looking at the four-year cycles, everything lines up 2025 and that's it So look like today's video give it a thumbs up consider subscribing I don't think you should be in just investing and setting and forget it You should probably try to get as much information as you possibly can and that means doing a lot of research So why not? That's it for today. So thanks so much for stopping by appreciate it