 Welcome digital asset news to get top stories and crypto now bring on bite-sized pieces So today this is the thumbnail suggests if you really want to focus on anything It's really just this one thing Which is just to be able to to zoom out about what's going on as far as that bitcoin etf That's coming down the pipe as far as pro shares, which will be launching tomorrow So we're going to take a look at a couple of data points Take a look at in the details of pro shares bitcoin etf We're going to take a look at some news from Morgan Stanley and uh, El Presidente from El Salvador As he makes a pretty gangster move on uh on hanky and then last we're going to talk about russia mining and nft So what's just uh, let's just jump right in first of all I will say this uh, there's been a lot of uh things going on about this bitcoin etf Everybody's talking about everybody's really excited. I however am not super excited about I think it could do well It might might be stay there might even do a little bit of a negativity We've covered those in the last two videos. So today what I want to do is just really just Give you some solid advice that uh, that I could give this is investment opinion Of course on investment advice, but just some advice About the markets in general not where to put your money or whatever else to do is just to take a just zoom out So first of all, let's just take a look at some data points So data points will start with the most basic of basic, which is what the heck is the market doing? So today it is monday It is the uh, what is it 18th? Yeah, and uh, bitcoins not doing too bad It's up about one and a half percent. It's pretty good eight percent for uh, the month or I'm assuming seven days That's pretty great Um, theorem is down over 24 hours. Binance coins down or up or excuse me up a little bit Everything's just kind of a little bit sideways hip or dogecoin. Congratulations. Like a dogecoin holders I don't know what you're seeing it, but great and uh 14 percent for shiba. You know also congratulations. I still don't know I don't understand that one uh as well and then of course everybody will tell me in the comments Uh, how stupid I am for understanding shiba, you know, so okay, go right ahead and then that's it Uh, whoo 16 for stacks good for stacks holders and that's just uh, what's going on in the market? I think we're around, uh, I think we had 2.5 something eight trillion somewhere around there or 2.52 excuse me Trillion, so I think it was an all-time high, which is fantastic. Hasn't really trickled down in some alts But uh, bitcoin's been a heck of a run, but we're still haven't seen that 64 66 000 all-time high then we take a look at Just some data. I'm going to do a regular view because I you can't get all three of them in there on the view and the view is Is that we're taking a look at uh, bolinger bands one of the four hour candles And it just looks like everything's compressing in the top right here um And you can just tell that over four hours there has really been a lot of of action You see a little bit of support right here on the green as we uh bounce from 59 9 to 62 Then we got like a little dogey here and there's just some indecision about what's going on Then you got the rsi right in the middle. So it's not like it's oversold overbought. So that's fine And then the mac d I mean switched over uh back around here went from a little green to the red and then but it's just pretty much moving sideways And uh, because everybody's just kind of sitting on their on their hands just waiting to see what happens and I think Uh, that can also be stressed if we take a look at longs versus shorts now this one I'm going to blow up so you can see a little better. This is uh, bybt We can take a look at all the the longs and the shorts and you see this period right here It says 24 hours I put a 24 hours so you can see an expanded view of of who is Into the longs and of course the longs are in green and who are into shorts And that is in the red and you can see like even of the 24 hours You can see that there's a little bit more as far as the shorts go But if you take a look and kind of just drill in again This is not we're supposed to do supposed to be zooming out But if you really want to do it in the last hour or so you'll see there's a little bit more Short action last 30 minutes or so and the last 15 minutes, but that's not really a good indicator I like to see over the last 24 hours see what's going on and that's what we have That's what we have as far as longs and shorts And um, I even did a little poll and just asked the people This and we just had almost 2,700 votes. I said, what will bitcoin's price be with the launch of the etf tomorrow? and the Bear the barely winner I shouldn't say bear the the winner that's just eating things out Is around 60k ish because I think that's what people are kind of thinking Everything is right in the middle. You can even take a look at the sentiment analysis for for bitcoin Let me see here. Let me break down a spotlight sentiment analysis We're still neutral average le sentiment bitcoin deli sentiment even this little poll which is Totally unofficial of course. It's a very small sample size, but 60k ish now Some people thought it would go to 65k. Some people won't say moon. I think people just sometimes just click on moon because it's funny But uh, 26 36 39, so yeah, it's right in the middle Maybe below 55k so maybe a little bit on the bear side, but people really Are just kind of sitting back on I don't know about this one and for the reasons that we talked about before So it is just something to consider and what I also want to take a look at real quick is is pro shares And this is who actually got approved by the sec for this Futures etf and I will tell you this if you go to their website pro shares.com probably the ugliest Website I've seen since 1997 This one does not give me much faith as far as like the streamlined look of everything I mean not that against them. They're like, you know, they they deal with doing our Etfs and funds and they know that they don't need my advice But uh, just doesn't look just looks like some from like the the late 90s early 2000s Anyhow, if you click on bitcoin strategy etf, let me blow this up so you can see it uh the out of value Bitcoin strategy etf here we go So it says right here very clearly this fund does not invest directly In bitcoin just so you know and then if you open up you can do an overview performance and quote and daily holdings All that stuff if you look at uh the fact sheet It says very clearly right here and I I have to commend them for their their disclaimer And I'll get to that in a second. It's pretty funny. Whoa says like this The pro share bitcoin strategy etf is the first us bitcoin etf designed to provide investment results that generally correspond to the Performance of bitcoin the funds takes to provide capital appreciation primarily through managed exposure to bitcoin futures contracts The fund does not invest directly in bitcoin and if we go all the way down Let me bring this up so you can see a little better. It states here The value I love this of an investment and the etf could decline significantly and without warning including the zero You should be prepared to lose your entire investment. You gotta love that. That's a that's a solid disclaimer right there The etf invest in bitcoin futures contracts The etf does not invest directly in or hold bitcoin the price performance of bitcoin futures should be expected differ From the current spot price of bitcoin and these differences could be significant and so on and so forth So uh, that was just uh from pro shares just so we get like a brief overview about what's going on Which is supposed to launch tomorrow and we'll see exactly how it goes And the big thing I just wanted to make mention is of this It really doesn't matter what happens tomorrow I don't think we're going to go down to 20k like some people think uh and then and I I garnish that that information from uh james over the best answers. He talks about once bitcoin slides, you know below Gosh, I think he was talking about it's uh 55 or 57 He goes it just gets bought up immediately by everybody else and just keeps going up or not up at least up a little bit So, uh, if you just look at these things of what's gonna happen Really who cares um to me. I'm just gonna sit back and uh, see what happens, but it's not the big story It's not really what's going on because tomorrow It might be lackluster. It might have some huge implications. It might go up and it might go down but in reality, you're super early to this space and uh, usually just holding a little bit will be okay And uh, that's the best thing I can sell it for you just when in doubt zoom out if we take a look at the price history of bitcoin over time Um, we're super early. I think we're gonna have some fireworks later on Anyhow, let me reach the thing about that in the comment section And let's uh, let's expand on that a little bit about as far as like Where are we going with a couple of stories from uh, morgan stanley and uh president from al salvador So morgan stanley and this was I think we covered this a couple days ago. Actually the ceo says bitcoin's not a fad Uh, crypto is not going away and this is a this is directly Inverse of what was going on in 2017 now. We've got these big money players going. Yeah, this is good Morgan Stanley ceo james gorman talked about bitcoin and crypto during the bank's third quarter earnings call with analysts thursday So with all of his what the earnings call all the people that uh are within that circle He says look i've said it publicly before i'll say it again. I don't think crypto is a fad I don't know what the value of bitcoin should or shouldn't be but these things aren't going away And that's from a person who's in traditional finance has been there for a very long time So it gives us I don't really care so much about like what an individual says But it's the weight that it gives the people that listen to that person So like in this situation, uh, this would be a lot of people who are like involved in morgan stanley traditional finance Who are sitting on the sidelines going? You know what? I don't really trust bitcoin, but I trust the ceo here He's done pretty well by me so far Debatable and so maybe I should get into bitcoin. That's what it's all about. And then also that leads me to my next point when you looking at people who Who are looked up to in the traditional finance Steve hanky here is an economist at john hopkins senior felon director project cattle institute fx and commodity trager Reagan white house views are wrong This guy carries a lot of weights economists, right? And I got nothing against steve, but he said this uh, there was this great Tweet that he put out on September 23rd 2021 where he states uh Bukele who is the president of el Salvador is playing fast and loose with el Salvador's tax dollars again After bitcoins prices tumbled to a six-week low Bukele bought 150 more coins and proudly said that we just bought the dip with bukele at the helm ELSL faces financial ruin Which sounds awful, right? And when you hear that when some people hear that from like an economist and they maybe are in that circle Is they make you like yeah, that's right. I knew it the whole time well Now we get to see the exact opposite and not just me El presidente said hey you were saying which is a great Little just a nice little passive aggressive swipe gangster move at steve hanky going You know what eight weeks ago or nine weeks ago or six weeks ago When uh, bitcoin's around 40 000 or so something like that 45 47 and now we're at 60 61 when we bought that dip Well, guess what every El Salvadoran who is holding bitcoin is up massively as compared to the dollar How do you like them apples? So for me, I'm like this is just a good thing as a reminder So you can't let people get away with things as far as like what they said hold their feet to the fire And I like that and then on to our our last two stories Which I think is uh, we'll play out a little bit more as time goes on as far as like where we're going Russia and Belarus move to introduce special electricity tariffs for crypto miners, and this is just a real quick snippet um, and it makes sense the idea has been backed by the russian ministry of energy to actually Take the bitcoin miners with our cryptocurrency miners and go you can't Pay the same rates that households do Crypto miners should not pay for the electricity that use at the rates intended for households He states to maintain the reliability and quality of power supply We believe it's necessary to exclude the possibility Of electricity consumption by miners at tariffs for the population I think this is going to play a bigger role later down the road because there is a lot of problems right now with electricity, especially in china and their, um, their lack thereof Of producing coal and the electricity usage that they have which is I think a pretty good indicator of why they Kicked out the bitcoin miners like look you guys are sucking up all the difference, uh of of electricity Of course, there's probably other factors, but you're sucking up a lot of electricity for our Residents for our citizens so get out and go someplace else And I think as we go other places and they go to Belarus and to russia and then into kazakhstan and then into north america and then into texas even those areas I think renewables are going to have to be used a lot more But remember this the more renewables they use it's still the more electricity to use So I think There's gonna have to be something going on as far as like proof of work Uh, it's a maybe go a little bit in a different direction or whatnot Maybe proof of stake is the answer or maybe in all honesty We need to actually just have them self contained so uh everybody can stop complaining about the electricity because let's be honest It does use a little bit of electricity, but of course so do banks so does government So does everybody else anyhow that is it for that section. Let me know what you think and then we'll we'll uh, just finish up With the nft section and this is from uh front of the show a to ape And uh, he's gone through with the nft of wild warriors This is going to be a a new project uh built on cardona or minted on cardona So you know if you're into nfts, this is something to look at As far as what is going on because what's great about this is that you don't have those uh those huge gas fees And there's going to be some other things going down the pipe as far as like getting into this nft Uh project which is going to launch in the next two or three days somewhere around there maybe four or five It's uh, you got a couple time a little bit of time, but if you get into this one here Then there's going to be other Rewards down the road one of those is being uh as far as like when other projects come about get massive discounts Or just free ones coming about and all those things will let so I will put that in the uh Uh description of this video so you can check out wild warriors. You can see mine on the bottom left hand corner That's actually not mine. I just did a screenshot of that one and then lastly Are next to last Ryan crypto ryan decrypto. I've got uh, if you want to know about nft is the next big thing I can't cover everything right? I mean I try to dabble into it and there's some good stuff But this guy, uh, he's got a very few subscribers 15 14.9 And uh, he covers a lot of great things about nft's if you're looking for the The really like new products and things that are going on or help to you explain This is like there's no like he's one of the few that really explains it in a calm Rational manner, so I will link uh, he is actually going to be in the description of all my videos now In the all the youtubers I recommend so check him out at the very bottom and then lastly lastly lastly, I will say this My goals aren't your goals, okay? And uh, when we're talking about these things as far as like, you know, where are things going as far as bitcoin? Well, it's really comes down to this. What can bitcoin do for you? That's the big thing. Are you going to hold on to it forever and just uh, say, hey, I've got I've got Half a bitcoin a quarter of a bitcoin or or 20 bitcoins or a hundred bitcoins But what does it do for you? So at some point you have to remember that crypto in general is If you're investing into it the investment must work for you and your goals and whatever they are and If just holding on to to crypto is your thing, that's your thing but uh as time goes on and you probably think about selling and maybe Buying a house or buying another investment property or or buying a car for your kid or Or putting some something away as far as like assets or or doing whatever it is because again, everybody's goals are different It really depends on What you want to do and I think that crypto isn't here to be held on forever Because you have to understand what is it doing for you? Maybe at some point down the future You can actually be using it to to pay for all types of different things But at some point you're going to have to use that crypto to pay for things Or sell that crypto to pay for things or take a loan out against it to pay for those things And then the real thing comes down to if you're here right now, you're super early What happens if this all goes crazy and you become a millionaire multi-millionaire? 10 million 29. I mean who knows so um, I made this I had this blog post out and uh Just want to link at the very end because really it's Money and crypto and all the things that are all the other units They're really just coming out of freedom units and it's all that the things that you can do with them I've got I had some pretty bad news lately and I'll share that with everybody later But um I'm glad that All the the investments that I do allows me to do the things that I need to do To put the people around me in a better position So I just remind everybody that uh, it's not just about holding on forever. It's about Making the right decision for you and the people around you. All right, so that's it So look, uh, like that video give it a thumbs up consider subscribing I've made this far. Thanks so much. I appreciate it and that is it. So I appreciate you sticking around. See you on the next one