 Welcome everybody to the Monday live stream. I got to tell you I love these days because there is literally Nothing that we have to do Except just sit back and enjoy the fruits of our labor because essentially what we did in the bear market for all that time All that time that we got laughed at and people were saying this is ridiculous Why would you invest in a somebody that's going to zero these the days that I love because we exactly don't have to Do anything and if you don't know There's a little really little mini rally going on today and it's a quite a quite a jump for the largest Crypto out there which will be Bitcoin because it's very difficult to move Bitcoin You know 1% 3% but to go to go almost 6 7% and 24 hours and actually in our 12 hours Is something to sit up and take notice as a matter of fact the last 24 hours the volume has been 33 Billion 817 million 697,421 and the market cap is well over a trillion now We're at one one point six nine trillion and the market cap itself the entire crypto market is almost 2.2 trillion now the largest that we've gone is around 3.1 3.2 trillion dollars for the entire market cap correct me in the comment section Which was back in roughly November of 2021, but I got to tell you now I've been telling us saying this for quite some time is that we are extremely early and we've seen signs of that We've gone through the DCA list. We've taken a look at the amount from going from the last all-time highs to the having periods from 2013 the highs to the 2016 to the to the having We did the same thing for 2016 and 2020 Our 2021 and now we're taking a look at it again. We're just way ahead of things. Hold on one second Let me close this green screen There we go. That's better green screen gets a little out and Across the board. We're looking pretty good. It turns up. I mean there was almost at 3.2 That's not too bad. And you know what if you look at let me see something Coming into Bitcoin real quick. Wow. Look at that 24 hours. We topped. I think at 50 Almost 55k, you know those round numbers people like to take profits. So that's a pretty good run For what 12 hours somewhere around there. So yeah, and then of course why the question always is why why did this happen? Why Rob? Why is it is Bitcoin going up? Why did it happen right now? Well, there's a lot of theories out there Frankly, I don't really care. I don't really care because someone will tell you something and somebody else will say something else And this is the reason but behind the really what it all is is There's a lot of money sloshing around and there's things that we'll never know about I'm just here along for the ride and dollar cost averaging. So just appreciate for what it is and I will remind everybody that this Again is that if you're here right now, I appreciate you. I appreciate you because we're on the tourists here yet And I hate those guys So I just wanted to I put this on on Twitter this morning. I said hey congrats to everyone who bought Don't feel bad when you sell your bags. I know some of you've got bags that look like this I'm myself included but remember this you did all the hard work you provide a liquidity During these really hard times these projects that need the liquidity to keep going To actually make it out of this bear market. So congratulations for what you did now Don't feel bad for dumping on people. I'm just gonna be honest with you I'm gonna dump on everybody I possibly can Because my job as an investor is to make sure that these markets these Projects keep going and they build and they become strong. I did my part now the tourists that come in now It's their part. There's no free rides. I don't care what you I don't care what you say There's no free rides. We did that we did the tough lifting and Just to reiterate this because some people say raw I can be so mean and dump on people It's because this I put this out in January and I said look I Said and this is when everything was going down like 10% 810 15 20% and I said dump it dump it on me. I'll buy all your bags I said but do not complain to me when everything goes up 10 2050 100x and I unload on everybody That's just how it is. So it's that little piece. That's again why I'm happy today because We did our hard job. So congratulations everybody. We made it now. There is something to take notice of which is There was a new player in the game not of ETFs, but Investments and investment advisors and a 30 billion dollar financial advisor platform approves only for Bitcoin ETFs This is a per blimp Bloomberg Here's what we got. So Carson Group a 30 billion registered registered investment advisor platform has approved only for ETFs Leaving out the majority of funds Currently available to investors. So essentially what this is is, you know, they are an investment advisor They have a lot of their employees. They say look offer this to our customers But you can only use these four ETF groups, which are black rock fidelity Franklin Templeton and bitwise Nobody else You can't use anybody else, which is fine. I don't really care who wins. I'm like I don't really care I'm glad that they picked this up. This is good And I think this is the narrative that gets pushed the narrative probably becomes something like this like look We know we were making fun of Bitcoin a couple of years ago But now that it's going up and you know black rock came in and then there's this micro strategy and Michael Saylor and of course It's legal tender and El Salvador and then we've been talking about it And of course the SEC has lost a couple of different high profile cases. Yeah Yeah, don't don't don't remember that what we're talking about is now and right now And we know it's really high price, but we think it's gonna go higher So maybe you should get in now We front-run those guys so that's great and You know, that's gonna be the narrative moving forward. I'm happy for it and Just to give you some context here There's black rock failure bitwise Those are the three they didn't include include arc or in Vesco They did include Franklin, Templeton, Valkyrie, Van Eck, Wisentree and definitely not the scourge of the ETF world Which is grayscale like no, no, no, we're not gonna allow that we're not gonna like to go in that way just these four which is again, like I said fine and On I did this show I did this show. I think it was on Thursday or Friday I've read this completely wrong and everybody in the comments were like Rob. That's not in Bitcoin That's in dollars. I'm like, oh my god. Sometimes I just keep thinking in Bitcoin, but Regardless, just so you know in the upper right hand corner where it says total spot ETF That's in billions. Well, it's in millions, but it's five billion five hundred and ten million That's the total spot ETF as of 23 or February, which is Friday now, of course today I think we're on the 26 so with those numbers aren't in but you're gonna see that The biggest dumper of all was grayscale for obvious reasons. We talked about this You know FTX has to unload and don't like the 1.5 percent and they're moving things around. It's fine Blackrock fidelity bitwise they're doing the big majority of the numbers Also arc is actually doing more than bitwise matter of fact. I did not notice that 1.4 billion It's an interesting that they got left out. That's a bummer, but I think they'll be okay And just moving across the board. It's been pretty well, but just so you know Grayscale had their lowest output On Friday, which is looking pretty good So I'm happy for that everybody's happy everybody's having a good time But There are some things we have to watch out for because not everything's great right on this channel I can't Sorry green screen On this channel, I can't make everything super positive Because it goes against my nature I like to you know Give you the light and the darkness in there So you're aware so you don't get too exuberant and I can bring you back down to earth. So just a little bit And that is unfortunately The people that are going to come back And there's two things I wanted to bring up and this is from user blah blah blah. He says Rob And we were talking about crypto loans and and you know talking about the the possibility of potentially selling your bitcoin If you ever want to do I don't know what your your plans are But he said he or she or they they said rob just because the network out for you meaning taking loans against Uh your collateral doesn't mean it's not possible in the future. Celsius was a scam, which is horrible But the space always evolves I would like to see some youtubers dive deep into taking loans against because it's Something that most people don't understand it would really be helpful for many people But hardly anyone covers it because I don't think it's an easy topic to be an expert on First of all two things true difficult to be an expert on pretty much anything But I have some pretty good experience in this area and just Take it for what it's worth Loans are travesty And from what I've seen so far, I just do not see how they're going to work If you're going to take a loan out for your crypto Any reasonable responsible organization is going to Have you put up collateral Now they could pull a voyager and do something incredibly stupid And let you post that without collateral like what voyager did to three hours capital $630 million on collateralized loan. Why was that nobody knows stupidity arrogance. Who knows? But they will and they're going to ask for a collateral. So if you want to put up 200 300 or 400 percent of uh of your bitcoin Have at it, but I uh, I will tell you that when margin calls come and they'll come because nothing goes up forever And these businesses will go down They will just like the just like Celsius just like all the rest of them I'm not saying they'll all fail, but I'm just saying that for me it's not in my interest to do these things And uh, you can do whatever you want to this is just my experiences and I think we're going to see more of this Moving forward. So there's that piece and then also Oh, that was kind of a bummer after that nice that nice bullish talk. Let's go back to that chart. Shall we? Ah Look at that sweet chart No one cares what rob says because look at that very nice not only that Ah, what's the big gains today? See avalanche is up five percent. It's pretty good polygon nine percent. Wow Three point five four percent for icp she but he knew is up three point six 13 percent for near protocol 2.5 for youth classic. All right bit tensor said man. Look at v-chain I know I have some v-chain hanging around. I should probably dig that stuff up 14 percent Anyhow, uh, that's the good stuff. Let's move on to some bad stuff Uh taxes, sorry about this I Sorry about this what I have to say it. I have to say this um Someone is going to get put in prison this is from shihan friend of the show shihan chandras akhara. He is a CPA specialized in cryptocurrency and digital assets And he puts out a tweet today and it was fascinating said this month federal prosecutors brought the first pure legal crypto tax Endightment against the taxes individual first of all, let me just tell you right now. This was not me I don't even live in texas anymore. I live in portorico but uh This happened so this is kind of important Just because when people say I don't need to pay taxes I mean you can try it Wesley Snipes Al Capone Yeah, whoever you want to do Anyhow the individual sold three points of a million of bitcoin and they bought a house nothing wrong with that 2017 tax return they falsely inflated the cost bases of bitcoin to reduce Capital gains saying yeah, yeah, I didn't buy it at this point. I didn't buy bitcoin at a thousand dollars. I bought it at 20,000 It didn't work out 2018 2019 tax returns. They failed to report 650,000 in bitcoin sales. Wow, that's a lot Uh for structure earnings sold bitcoin in exchange and made a series of bank deposits of the cash In amounts less than 10,000 each to avoid triggering currency transaction reporting requirements So, I mean, I get it. No one wants to pay taxes, right? I get He faces a maximum penalty of five years in prison But not just five years Straight it's five years for each count For each structuring count and three years in prison for each false return count So I know he had two false returns. That's six years five years for structuring Uh I guess that's only one. So let's you know I I could be wrong here, but he's looking at like 11 years maximum. He might just face a couple of years. I don't know Per the irs criminal investigation unit now more than half of crypto related caseload involves tax evasion cases let me say that again per the irs criminal investigation unit now more than half Of crypto related caseload. I guess it's not all caseload just crypto caseload It involves tax evasion cases concerning individuals who engage in legitimate transactions Involving digital assets, but committed tax evasion by failing to report or falsely reporting their transactions. Look I don't like the irs any more than you do You know, it's not like I'm like super happy to pay taxes And not people will ask me but you're in Puerto Rico. You don't pay taxes untrue So for capital gains everything that I brought over from 2021. I still have to pay taxes on all those cryptos So I accumulated in 2022 in 2023 and when I sell later. Yeah, I'm good But I'm still having to pay taxes back then So don't think that I'm just you know Off scot-free So when these stories come out, I just want everybody to be aware of what could potentially happen I don't want I want to see everybody happy and You know, you know to live their life Besides having the stress of being audited and go through tax evasion stuff like that I'm not saying you are but saying this is the things now. I understand the taxes are a little bit cumbersome I got you So this week I invited jordan bass on he's a cpa founder of tax and cryptocurrency a firm specializing in cryptocurrency taxation so uh, I'll have jordan on And uh, he is from he's one of the cpas that works with coin ledger And uh, we're gonna be here on thursday. I think it's at uh, three or two p.m. Eastern center time I'll put out the information and you can ask us any question you want Any question that you have as far as taxes? What about with celcius and I got some something back? What about with voyager? What about with the ftx? What about with moving things? We'll answer all your questions the best of our abilities and go from there and uh, of course you know coin ledger pretty good stuff if you're uh Would like to do some of your taxes This would be the one that I've used three straight years. So links in the description. You can check that out But there's one more thing I like to talk about which is this um, I know I believe we're way ahead of schedule like we've talked about this right but Did you know we're like at If we're at 55 You know we're like $15,000 away from an all-time high for bitcoin actually $14,000 and dollar really So look at this The first halving was in November 2012 the price of bitcoin during that time frame in 2012 was 12 bucks And then in 2013 it was $1100 the second halving was 2016. It was 650 bucks Which is quite a big jump And the price after the halving actually was around 20,000 That was the all-time high 196 somewhere on there and the third halving which was uh, actually may 11th. I believe 2020 It was 8500 bucks back then 8500 bucks. We're at 54 almost 55,000. What do you think we're going to be in two months? We might be at the all-time high which would be insane to think about insane Like I said, we're way ahead of schedule. So the price of bitcoin after having of course was 69,000 We could actually hit that. I don't know if it's it's real. I'm sure the ta people will tell me how Dumb I am for saying that but it could happen But I just was thinking about this as far as like taxes go you know if you Wanted to sell one bitcoin you have one bitcoin And let's just say right, you know, it hits an all-time high at 69,000 just today and even if you held it for over a year For cap gains taxes roughly 20 for long-term cap gains So you're looking at $14,000 Just to pay the government so you don't get put in jail for five years or 11 years like we just talked about that sucks Here's an alternative And we just talked about this You could do what I did Which is you know all the the crypto that you have when you come here to Puerto Rico Uh, you're gonna have to pay capital gains tax on that the moving forward you won't You have to do some things in there and I talked about this I did two videos I linked the second video in the description I talk about my mistakes my scripts what I would do differently if I had to move to Puerto Rico again All the new all the different Stipulations and processes for no taxes. That's option one. You can go to portugal. I believe there's no There was no capital gains tax there Oh, and then one of the other things is that I also do is I trust capital did you know That when you use I trust capital There's no cap gains For a Roth IRA. I have this and people ask me Rob They're like, why do you still have your I trust capital Roth IRA when you don't you're not gonna pay capital gains It's because I don't know what's gonna happen with me here. Maybe I want to move back to Texas I love Texas love El Paso And I'm like, I really want to be here And you know when that happens, well, guess what the Roth IRA when I want to cash out if I ever cash out Which I'm gonna have to at some point. She's sweet Mary and Joseph. That means I want to have to pay capital gains So if I put in a Roth IRA, I don't have to so a Roth IRA If you do this now In America, I don't know. I mean Roth IRAs for Americans. There's other different programs throughout throughout the world I don't know what those are. I'm sorry But just for Americans real quick Think about this you have a limit every year And depending on your age, mine's over 8,000 oxen mold is dirt but Like every year you can only buy seven thousand dollars with a crypto and put it in imagine that So like if you were wanting to think about doing this like I've had this for three years straight It might be something to behoove you To take a look at it because all the prices are going to go up, especially after the having So if you're into crypto and you would like to not have those capital gains a Roth IRA is a legal way to do things And here's all The assets that you can do and you know, and I and this is where I actually have my gold and silver They have axi infinity. That's crazy Yeah, silver and gold So there's your options. There's a link in description and just for transparency. They These are affiliate links. You don't have to use the affiliate links But if you do They get discounts for sign-up. So and there's no there's not even any monthly fees There is a 1 transaction fee if you want to trade with your your IRA account And if you do trade within your IRA account, that is also Tax-free crazy, right? Anyhow, something to think about That's it for today. So look congratulations everybody. We did it and it wasn't easy So I really I tip my hat to you for sticking around and Going through this this slog Because you you deserve it you deserve everything that's coming to congratulations. Sonia everybody Thanks so much for stopping by appreciate like today's video. Give it a thumbs up consider subscribing