 Great. Welcome to the last set of news. Take a top stories in crypto and break them down into bite size pieces So today just as the thumbnail and title suggests Bitcoin is disappearing and where is disappearing from? Are the exchanges as people start to take Bitcoin off the exchanges and when this comes down to a couple of different reasons But first of all, we're gonna take a look at why does it run on the bank? We take a look at the Bitcoin reserves right a three-year low and what caused that and then we're gonna break it down Into the actualality of why why is it happening right now? What are the factors that have led so many people to take bitcoin off of the reserves and then are off the exchanges? And also we'll take a look at on the good side Just take a look at just how much things are being generated as far as donations to the Ukraine situation And at the very end we'll just do a quick q&a which is five questions in five minutes So before we get started first of all if you're here for the live stream, welcome Thanks for stopping by Monday. Everybody's excited because uh, you know when the market opens up We'll see what happens and I can just tell you from the prices. It's not looking good Also over here for the replay just know there'll be time stamps below so you can fast forward do what you want to do News takes around 15 to 20 minutes and at the end of the q&a So let's jump into it. Shall we and see just what the heck we got not good The market is and I gotta tell you like it takes me a couple hours to get things ready And I have just watched this market cap number go down and down and down over the last two hours or so So it was around gosh. I want to say almost 1.9 Trillion and now we're below 1.8. Where did a hundred billion go? I could I seem to have lost a hundred billion I don't know if you could check the couch cushions, but it's gone a hundred billion gone And I think it's because people are anticipating a pretty big drop Into the opening bell for s and p 500 nasdaq and the traditional markets here in the states an assumption and We'll see how it works and I actually did a quick poll and asked people that and over a couple a couple thousand people Responded on twitter and they all pretty much said the same thing first actually i'll pull it up to the very end But for the majority we're like it's probably going to be a drop and then the next What people said was in three to five years who cares and I think that's the that's the bigger picture But as you can see remember fresh this again. Let me make sure it hasn't dropped even more Yeah, same So bitcoin, I mean below 39,000. I mean it held for a while But of course here we go here we go again Ethereum big loser down five percent everything's down anything up. Solana's up point two percent. Wow And everything else is down who's down big time six percent for phantom Three percent four percent. That's just how it goes. I mean for for quite some time You're going to see some pretty big blood in the streets and I think That is just the the crypto market and there's some people out there and I've I've been a Against leverage plays But in all honesty if you take a look at the at the leverage plays this is from coin glass Now you can look this up. It's coin glass.com forward slash liquidation data And if you take a look right here where it says 24 hour wrecked 200 million that's not that much in all honesty 200 million isn't a ton But I just want to Show this to you real quick. These are total liquidations over from from 30th of november 2021 so not too long ago And you can just see that this is the longs and the shorts of what gets liquidated You tell me which one do you think it's liquidated more just by taking a look at this Which one gets hurt the long is the shorts Yeah, that's the shorts Just kidding. Yeah, it's the longs the longs are the ones that get liquidated the most because it's the people with the most exuberance And the most belief and they think well, it's going to go pretty well And then they they go and leverage trades and they just get crushed and I think it's that's just either the inexperience of the market or The hubris of people who believe that everything's just going to go to the moon I look I can tell you where things are going, but I can't tell you when So that is why it is important to be careful Do your own research all that stuff I talk about And if you want to be safe just dollar cost average Who cares what's going to happen tomorrow or today? The big the big thing is what's going to happen in three five ten years And that's how you set yourself up for success And if you want to play this game down here go right ahead and I can tell you If you want a short Short works out pretty well until about one time that it does not Take a look at December 2017. It doesn't happen too often, but it does happen. So that's what we have So let's just jump into it About what's going on and the big news day, which is this This was there's a couple of videos that I put out that have been sent to me On my twitter account if you haven't if you don't follow me It's at news asset on twitter links in the description as always And uh, this is where I pretty much field out all the big all the stories I'm going to talk about today And you can see this is a pretty long line for first of all I thought this was a line from mcdonald's because I kept seeing the mcdonald's like McDonald's that great and of course no it's uh people In russia trying to take out money From their ATMs And you have to understand that ATMs only hold so much. So as time goes on where people going to go Well, they're going to go to the banks and what are the banks going to tell you? Well, if you do a run in the banks, there's a little hint Uh, they don't all that money. It's in your bank account. Like if you had 250,000 your bank account I don't care what bank it is most banks if you go up there and go I want my 250,000 cash right now. It's like sir, ma'am We don't have it. You have to wait a couple days for us to get that money. Like are you serious? Yeah, it's just zeros and ones It's just uh, it's just an electronic ledger that we keep essentially that's especially what it is If you want cash, we'll get it to you just hold on So you're gonna see a lot of this happening and ATMs can only do so much here's another video itself So not that there's a run in the banks per se right now. There's a run in ATMs ATMs only have so much and they go to the banks and the banks like well, we've only got so much so sorry So we're gonna take a look at what's going on. But this is the this is what I found interesting today I was just taking a look at a little Little on-chain analysis from a friend of the show crypto quant links in the description You can send it if you want to but I'm just taking a look here I found it pretty interesting that uh, this is all exchange reserves Bitcoin all exchange reserves so all the all the exchanges that have bitcoin and you can see that That's in the In the purple there exchange reserves and you can see down here It's been going pretty low since october actually starts up here around two point might blow this up so you can see it 2.4 2 by 4 million Okay, then it kind of just whipsaws and goes down a little bit and comes up but now you can see it really going down and uh sense of rounds Right about here 30th of january people got spooked All of a sudden the things that were going on with with the governments and different countries and things like that and people talking about freezing Accounts and freezing wallets hint. You can't freeze wallets You can freeze centralized exchange wallets, but you can't freeze Ethernet wallets or paper wallets or ledgers or things like that, but whatever So you're gonna see like people just like well I want to take some out and then of course forks in the phone and all the news about ukraine and here we are at uh What went up a little bit 2.37 2.37 million And if you take a look at that you're like, hmm, it's interesting. Let's just take a look back and go back a year or so It was just a study decline Actually, there was a lot of people right here And this of course when bitcoin price goes down people want to for some reason want to put on the exchange and sell like crazy And then of course, that's the wrong time to sell or whatever And then you can see it went back and here it is that it's almost 3 million exchange reserves. Let's Let's go back even further And you can just see like this is and I'm going back to 2019. Hold on There so you can see it better We were here and just keeps going down now. We were all the way up here and we're back 2019 And the only time it was below That let me go all the way back was right around Jeez not even here here And around august of 2018 he's 19, 19, 20, 21. Yeah, so through actually three and a half years And this is when you know The markets first of all, we didn't even because of bitcoin money. We didn't have the I mean, there's only so many bitcoin that were actually produced every single block. There's so many that are produced I don't have a 6.25 or 12. I always forget but um, you can see over the years like This is Not that much as far as reserves and we're lower than we were in 2018. So the question then is well, if all this is going on Where's it going? Well, if you take a look at glass node This is the number of non zero addresses non zero addresses of bitcoin for just addresses themselves And of course these are these will be wallets. I mean, it's only so much that the exchanges can can produce I mean, it looks kind of weird here because it has this hundred thousand on the right and you're like is that that's so On the upper right hand corner you have a hundred thousand and ten thousand That's the bitcoin price on the right and on the left You can see the number of wallets or the number of sorry of non zero addresses And this is the highest highest it's ever been non zero addresses just reached 40 million So what does that mean? That means a lot of people Either they're splitting up all of their wallets into smaller wallets, which which could be it But I think what a lot of people are doing is kind of figuring out like bitcoin looks pretty good We should probably get into it now that doesn't reflect to here Obviously, which would be nice, but it doesn't yet But if we take a look here, but like wow, there's a lot of people who are Hang on To bitcoin or getting into bitcoin so that leads me to the question then Of course of why why is this all going on? Why is this happening right now? There's a couple. There's actually many reasons. First of all, you're gonna hear this a lot today Ruble denominated bitcoin volume surges the nine month high The ruble is going to be in shambles with all the sanctions and things like that and we'll get to what Russia wants to do and they want people to actually, you know sell off their Their other currencies and just put it on the ruble, which I don't think they're all going to do but whatever And this is a pretty good article trading volume between the russian ruble and bitcoin increased to nine month highs As the country's fiat currency plunged to record lows and it's an interesting article This is all you gotta know. This is all you gotta know for this article This is a spike in the ruble based crypto trading volume. And this is mostly this is all in finance You can see that when russia invaded ukraine Everybody's like, you know what? We'll just try to get out of the ruble and put ourselves into bitcoin, which would kind of make sense, right? We want to put ourselves into bitcoin and then we can transact with bitcoin and do the things we want to do And the people that didn't do that, of course, this is what happens now. Is this The end all be all like everybody shouldn't be in bitcoin. No I don't think everybody should be in bitcoin doesn't doesn't make sense for everybody in every single situation Obviously not right and the next question is well, why don't they just use debit cards? Well, it's because the sanctions that are coming on Uh, some of these sanctions these credit card debit card processors They're now offline for russian citizens, which is a shame because it's not the russian citizens that wanted the war and the sanctions Uh, it was the people in power the government. That's always the problem There's a big dichotomy between the government and the people itself So I just want everybody to make sure we're clear on that. It's not like i'm here to To uh pile on the russian citizens. They just got screwed by their government, which you know, not the first time And also We'll have to take a look at this russian banks raise key rates to 20 and desperate measure to save everybody first of all What are key rates? The key rate Is the interest rate At which banks can borrow when they fall short of their required reserves, which of course Uh, that's what's happening right now because people are taking all their money out So if we take a look here authorities told export focused companies people industries corporations who export products and services mostly products Uh outside of russia to sell the foreign currency As the ruble tumbled to record lows. I'm gonna tell you I don't know if I would if the government told me to do that Hey, sell all the dollars for something else. I'm like, what? I I don't know if I should that's a good business move for here The ruble opened 40 lower against us dollars a monday russia state owned uh spurbank Is failing or likely to fail another bank to fail the european central bank set in a prepared statement And that's one of the sanctions they're pulling, uh Russian certain russian banks off the swift system now. That's could be catastrophic for other industries But not all banks are being pulled off looks like there's just a just a few and maybe this is uh spurbank Russia's all sort of companies to sell 80 percent of their foreign currency revenues The central bank and the finance ministry said so again if you're uh Russian citizen And you're like, well, I got to do that I got to sell my foreign currency Well, maybe I could put into something else that might hold its value and I think that's that's that's the interesting part I don't know what the does anybody know the the price of gold today I don't know if I would put into gold. You know what I got it. I got the internet. Let's see Gold price. It's ought to be interesting I wonder if that store of value narrative is working out further I don't know Actually is doing pretty good. It's doing better So we went here down here down here. Yeah, okay I guess for some people it can work out. I got to tell you I don't know if if I was in russia And I wanted to get a store of value and start to transact with people. I don't know if carrying around Coins and bricks of gold would will work out too well But maybe it works out for some people and then also on top of that another reason is I think the reason why People are taking bitcoin getting to bitcoin and taking it off the off the exchanges are stories like this because I think the smart people know that Okay, well, you can shut down centralized exchanges, but you can't shut down My ether wallets or my paper wallets or my ledgers or my bitcoin wallets because you don't have access to those But you do have access to those exchanges Okay So ukraine asks exchanges to freeze russian and belarusian Crypto accounts. I think this is a huge huge mistake. I can understand what they're doing it But I mean, who does that really hurt? Who does that hurt? Does it hurt vladmer putin and and and their government? Uh, no Hurts people so ukraine's vice prime minister and minister of digital transformation of ukraine Michaelo Fedorov has asked all major crypto exchanges to block addresses of russian users Binance said it had no plans to unilaterally freeze user accounts in russia. Congratulations. Binance did the right thing in my opinion You're welcome to disagree with me, but tell me why in the comments And they state this crypto is meant to provide greater financial freedom for people across the globe To unilaterally decide to ban people's access to their crypto would fly in the face of the reason why crypto exists However, we are taking the steps necessary to ensure we take action against those who have had sanctions Love it against them. These will be individual oligarchs. I would assume Maybe accounts for whoever else that's uh are high up there that are specific to government While minimizing the impact to innocent users should the international community widen those sanctions will apply it as well And then there was something else still before that Yeah, this part I I must have forgot this so fedorov That's from the ukraine He also said it's But it's crucial to freeze not only the addresses linked to russian And belarusian politicians, but also to sabotage ordinary users. I don't know if that's a misquote But I don't know why he would Say, yeah, we want to sabotage ordinary users. That doesn't make any sense. So anybody would say that But there are people in the fight and say, yeah, I'll do that So demarcate a ukrainian-born digital assets company that works as an exchange to trade virtual items from any game on any platform States connecting the entertainment industry with the global meta metaverse has accepted Company tweeted to say ukrainian-born startup demarcate cuts all relationships with russia and belarus due to the invasion of ukraine The registration the platform is prohibited for all users from russia and belarus accounts of previous users From these areas are frozen Look, man, you're welcome to do whatever you want to do. I just don't know how that would affect Essentially the people that caused this issue And whether you want to say well america caused this issue and nata caused this issue and russia Is governments. I think we can all agree on that it's not like The people at general is like we really want to invade and here's the other thing Does anybody in any country these days really say well, I can't wait for war It's that's not how it goes It's most of the people in power that want more power power begets power and that is the problem So let me just think about that in the comment section and lastly here's some good stuff donations so There's already been like I want to say over 15 million had flooded into ukraine for these donations and I know all people will say we got to watch out for different nations. That is true because some places you will donate to They'll just take all your money but right now I would say that uh People in ukraine need not only and this is where there's a ton of of effort being put in this Not only other are they being shipped medical items, but they're also being shipped weapons And different supplies of the need to fight this war sure But I think there's a bigger issue that's going to unfold. I talked this last three days, which is the refugee issue So this was pretty cool. This was from uh Who's this coin desk? Binance is going to donate 10 million dollars to ukraine refugees great because look all these people that are coming out And if you're in between ages of 18 and 60 as I understand it you can't in a mail You can't leave ukraine. You're there to fight and if you go across the border you put your your turn back So who are these refugees? females elderly children I think that's the ones who really need it Binance says the money will be noted don't donate to ngo's in the ground to help your refugees and children Binance will allocate the funds through organizations such as unicef unhcr the unrefugee agency iSans and people in need and before people say ah that place sucks and this is awful and look It's the best option. Will it be mismanagement of funds? Yeah, probably But uh, you know at some points you got to get off the sidelines and just say well, I got to do something The donation is in addition to a crypto crowdfunding project humanity first Ukraine emergency relief fund which is a target of almost 20 million Donations can be made in bnb b usd bitcoin and earth and ether and then uh, I'll skip this one unhcr will provide immediate E-burden to see relief such as food water medical supplies and working to improve the living conditions In the shelters again for the refugees as they go over to poland different different places And then binance supports the international strategic action network first set up an organization in poland 2020 Uh, and has operations in slavakia to open up another critical path that begs over people That's pretty cool. And this is how you do it. So I linked it at the very top of the description of this video If you click on that link Let me see might blow this up. You don't want to see my enormous head so When you go there, it's binance dot charity forward slash ukraine And Again, the links in the description is the very first one And when you go there if you click on that donate that yellow That you can see in the back. I already done it and then you can just donate right here It's pretty cool. So you just go like i'm gonna donate Around almost 4 000 right or whatever bitcoin. I think you can change over here. Yeah Okay, this is the amount i'll click continue I've already got my information in digital asset news Message of beneficiary whatever you want to say you click continue And then you scan this so how I would do it is I would take my phone And I would just go to The easiest way is use an exchange honestly like I would just use a Voyager I go to voyager. I don't want to I click on bitcoin. I click transfer Send bitcoin out of voyager and see that qr code right there I can voyager on the upper right corner. It'll it'll have like a little barcode. You click on the barcode You scan that and then you Whoops and you just send it and You can do it. You can just do it like that. You don't need this part here the transaction ID This is only if you want to I believe it's only if you want to Display your name on the donation page Could be wrong but yeah So that's it So that's how and then you just put your transaction ID right down here after you're done And that's it. That's as simple as you possibly can get it and I think it's uh, I'll get to it later No And that's what's going on. So look That's what's happening in the world today right now Expect some some obviously extreme volatility, especially when things open up. I don't know like I have I thought there would be a little bit better because like the news itself is pretty positive about what's going on as far as the community coming together, but I think that people think They're scared and of course there there comes volatility. That's it. So look, that's it for today's News piece if you got to take off and get things done, it's cool. I'll see you later Thumbs up if you liked it thumbs down if you didn't just tell me why so maybe I can fix it next time Also, consider subscribing if you're already here might as well subscribe. We're here all day. It's been 23 minutes. Come on And uh, that's it now we get into the q&a five questions in five minutes and we'll get the heck out of here Let's do that Let's do that Muhammad first question What does the title of this video mean it means that and you can go back and watch it So it's gone the amount of reserves that were on All the exchanges for bitcoin Has has been evaporating and it's only going to accelerate and we talked about how this is like a three and a half Really a three and a half year low of the bitcoin exchanges It's gone and then it's going into cold storage And I talk about that and I talk about why it could actually accelerate and we see things like that are going on in Ukraine also other different governments that are talking about freezing different accounts because People don't want to have their accounts frozen exchanges. They take them off into cold storage. Hope then answer your question Yes actually what we do So the revenue from this youtube channel for this month's going to go to Ukraine Uh Second question. Good day, Rob. Now you're worried about the iso standards that may not be met by majority of crypto coins as per e use Market m i c a that's a market in crypto accounts Yeah, that's it and um, so The iso standards that they're talking about first of all they have to put it to a vote And that vote that was supposed to come out I think it was supposed to be today has been pushed back because they were talking about banning proof of work so First of all that whole that whole law that has to now be rewritten So we'll see how that goes as far as like the standards and what they want to do the big thing to me is Uh, how are they going to actually work with the exchanges? To actually, you know, get everything in place and make things a little bit more easier for for people to use And uh, if it'll actually be like more of the same or they can ban things. That's my big thing Uh, okay. Where are we? Thoughts on luna decoupling from bitcoin question number three Look, there's been a huge amount of money raised for luna Seems like a lot of vcs and a lot of people want that thing to work so just remember just right now it's decoupling and it's a bump I don't think that you're going to see for a long time bitcoin going down Down down and luna going up up up or the exact opposite happening Usually it's just a little bit of a pump and then off we go. Let's take a look. How's luna doing today? That's not it Well, it is I guess in it's up 52 for the week But again, it's down almost a percentage point, but who cares if you're in the money for that like I own luna I think it's gonna be great but I don't think it's Decoupled decoupled you still gotta you're still in the shadow of this guy Or this juggernaut, which is bitcoin. Good question That's a good question question number three aid. Hey, robb. Do you own gold? Yes, if now would you consider? um I'll be honest with you man. I don't The only reason I own gold is because there's just been a narrative for so damn long I saw this this interview was between Richard Hart and some guy Some gold bug guy who's irrelevant and uh, it was sad. It was just a sad debate You can find it. Uh, it was I think it was last week or a couple days ago And this and this gold bug was at first He's like he's like gold's the greatest and then he gets into it And he's like, you know, I don't tell people to put everything into gold I say it should be a you know a small percentage of your portfolio And then he's like, but it's but but it's but it's good against things But you know, I also get into stocks and know the stuff because there's more appreciation And I'm like, well if that's what you're going for man And you and you're talking about how much there's appreciation and upside Why don't you just talk about bitcoin because that's been kicking the living tar out of got a gold and metals for the longest time so that guy Personally has lost has lost more people money From him touting about how gold is great and turning them away from bitcoin And other digital assets that it's staggering Even my brother fell for it and I'm like god damn it. You know, if you just would have Listen, I know his name. I just don't say his name on this channel. I'm so because it's just It's like you've caused so much problems And I get it. You can't help everybody. So that's it. But yeah, I own gold Which is why I'm like, I don't see why you can't own gold and say, you know If you if you're gonna gold as far as a store of value and as far as an alternative asset Why wouldn't you just get a little bit coin? I don't see the problem Question number four. Do you cold store most of your holdings? Yes Already came with some voyager. No and the reason is because there's a couple reasons I mean if you can gain yield on voyager and cracking and Gemini and finance the most places and that's great and you can gain yield and and defy By putting it in as far as like Farming liquidity, that's fine But for me, I put in a cold storage because I know it's safe and you never know what's going to happen Now voyager has never been hacked Even though it is it is a broker. It's not a It's not an exchange per se. It's the hotels.com of crypto essentially But you know, you never want to put all your eggs in one basket because You know, we've seen it all happen before so I don't put everything up there And that's it And it's all about your risk tolerance. How much do you want to keep in there or not? Ah, this is a great question question number four I think this is it maybe five. Have you tried to use anchor protocol? No, but I heard such great things And uh, I'm going to put out a when I get into that because that's a good yield producer and I was actually talking to my friend Jerry Jerry hall is he has on youtube channel. He's over there in Costa Rica and he's doing some crazy things with the cosmos ecosystem and their wallets Like a hundred percent yield and stuff like that for quite some time actually and he's like he's like this isn't sustainable Right now it's looking pretty cool. I'm like I gotta do I gotta get him on the show just to show you guys how what he's doing. It's pretty cool And again, there's a lot of risk in that but hey Oh Someone says gold is being suppressed. It's all being suppressed man There's always some boogeyman in the background that's manipulating everything and puppet masters and such and so forth That's why like like when I hear those those things I mean as it could be true or it could be not true. I'm like, you know This morning before I even woke up The same voyager executed the same order that it executes every single day by the same Six or seven different cryptos every single day and just goes off without action So I'm like, even if there is somebody some puppeteer behind there manipulating everything at some point You're gonna want that price to go up and we've seen it go up before And sometimes you just can't control it and when that happens Well, I've been I've been I did my job I've been dollar cost averaging for years dollar cost averaging since 20 early 2018 Ah, so I'll take advantage one when it goes up No Juma You know I said is that it was was with Richard. I was pretty good. Yeah, but it turned into like a big shouting match. So it's like I'm unsubscribed. Well, I want the door hit you on the way out. See you All right, and Frank says last question. Well theta bounced back. I hope so I want a lot of theta and uh, if I would have executed my my exit strategy like I was supposed to And I've I've done videos on exit and actually if you look in the description I've got my exit plan down there But if I would have executed my my exit strategy for theta, I would have only kept 20 of it Because it actually did way better than my prediction and uh Now I could have actually bought a lot more but I didn't so Theta is one of those things that people talk about how great it can be with the metaverse and the things that it does as far as data Data storage that it works in conjunction with as far as like putting it on to your computer and It can do Gosh losing my friend. I thought This is how theta works apparently So You can stake it puts on your computer and then all those those different, uh hd 4k videos that are out there Well, you can either buy a massive data storage center, which is what google does and youtube does Or you can store it on different pieces of people's computers You can pay them in theta because they're running nodes and then you don't have to pay those exorbitant amounts from data centers Makes a lot of sense, right? Also, dav chen who is one of the founders of youtube is one of their big advisors also One of their enterprise validator nodes is also google So i'm like, you know, if you look at at some pedigree and things that they've done looks pretty good But uh, just hasn't really performed right now. So we'll see but I mean they do have a pretty solid team We'll see how it works out. I think it's just one of those things where Time in the market is more important than timing that particular market. And that's it. So look guys, we've gone 30 and ladies 8% statistically, uh, we've gone 34 minutes For this one. So let's let's get out of here. So look you like today's video go to thumbs up get a thumbs down that's I mean i've probably Made some people angry about the gold comments, but Whatever, I don't see why people can't just own both me and if you can't Come here and have it all in mind and Adios, but that's it. So thanks so much for watching. I appreciate it and I'll see you on the next one And then I'll put up two more videos right here so you can watch some more stuff