 Welcome to Jalassette News, the top stories in cryptocurrency and Jalassette's and break up down into bite-sized pieces. Today, we've got some stories about mass adoption and some concerning stuff. So first up in the Q3 earnings report, MicroStrategy told all of their investors that they are looking to buy more Bitcoin on top of all the great news that comes along with buying $425 million worth of Bitcoin and seeing go to over $500 million. So we're going to dig into the Bitcoin investor study which was just released by Grayscale. And the most telling information is how far we've actually come to propelling us to mass adoption and we're going to dig into the study which proves exactly what I'm talking about. Surprise, surprise, Coinbase goes down as Bitcoin approaches 2019 highs. It is just amazing and boggles my mind that a billion dollar company keeps going down again and again and again when the Bitcoin price goes up by $500 and more. On top of that, we're going to talk about Coinbase launching their crypto debit card in the US for retail spending and finally some good news which is Nano Ledger is introducing swapping on the Nano Ledger app, Ledger Live. So what this means, you're able to swap cryptocurrencies within Ledger Live without using exchange. So if you're looking for a Nano Ledger, this is the perfect time to grab one because as you add it to your cart and go to the checkout, all you have to do is add digital asset news, click apply and get 20% off immediately. If you're looking for the official link, it is in the description of everyone in my videos. So check that out at your leisure and let's jump into today's market. So today it is October 28th, it's almost 2 p.m. Texas time, so I'm getting done a little early, pretty excited about that. What's going on in the market, Bitcoin is down 3%. Not surprising and I know yesterday everybody was really excited like oh you know might break 14,000, might go to 15,000 but again this isn't my first rodeo and I know pretty much how the markets are going to react. I could be wrong but usually, usually not all the time, you're going to see a seesaw pattern. It's going to go up, it's going to go down, it's going to go up and down. There is no, it's very rare for things just to go parabolic and once that happens you'll know it, you'll see it, you'll feel it but I can just tell you from experience I didn't see that actually coming and people were saying I'm dumping all my money into Bitcoin, like wait, just calm down, relax, it's going to be okay. Dollar cost average because tomorrow it'll probably go down or maybe in a couple of days it'll go down and that's exactly what happened. Now it could have gone up and I would have been completely wrong. However, I always want to err on the side of caution. It's like if it goes up, well you made some money because you already have money into Bitcoin and if it goes down, well now it's a fantastic buying opportunity so you really can't lose and some people say, ah, but I lost up, I lost out in all those gains. Look, it's better to lose out on a little bit of gains than to lose multiple percentages in a 24 hour, 40 hour timeframe and just kind of take it as it comes. So just DCA, be an investor, it's okay. If you want to trade, go ahead and trade. Just don't trade all your assets away. That's all I'm saying. All right, so Ethereum also dropped low 400. Bummer, Tether, XRP, XRP down a little bit but still around 25 cents so that's pretty good. 274 for Bitcoin Cash, it's up 3.5 and that's like the only one that's actually up because everything else is just in a sea of red and I have to tell you, I gotta tell you, I gotta tell you, yesterday I was pretty bummed out because the whole market had gone like way up. Now I'm feeling pretty normal. I'm like, oh great, I can actually dollar cost average and scoop these things up at a discount and this is the great thing about dollar cost average and you don't ever feel like that tightness. You're just, oh, I lost so much. No, when the prices dip down, you're like, this is great. I get to buy them on the cheap, fantastic. And that's exactly what I'm doing with Theta. Where'd Theta go? Here we are. So it's down 6%. This is great because yesterday I was kind of bummed out. I'm like, man, it's almost at 70 cents. Now the day, 61 cents. Guess what I'm gonna do? Buy more Theta. On top of Celsius Network and there it is down 4.7. So again, these are good days for me. I don't know about you, but I appreciate these days. Anyhow, and everything's pretty much down the tubes for today. But hey, tomorrow's a new day. If you don't like the price, just stick around for a little bit. It'll change. All right, that's enough of that. Let's jump into today's top story. So first up, the hits keep coming. This was the earnings report, the Q3 earnings report for MicroStrategy, which was done yesterday. And it's pretty revealing, not just on what's talking about here about Michael Saylor saying, hey, we're gonna buy more Bitcoin. Or actually the president, that's Michael Saylor as the CEO. The most telling thing is about what happened to the company, its stock prices, and how just the notoriety, revelation of using Bitcoin has actually propelled this company into greater height. So what am I talking about? Here's what's happening. So MicroStrategy is looking to add to its 521 million stash of Bitcoin. The company's president said Tuesday during their earnings call. With a recent rise in Bitcoin's price, its holdings are now worth, get this, 521 million or a 22% premium over the 425 million investment. So imagine this, you're a big company and then in the middle of September, you say, hey, let's just take this money and just put 425 million into this thing called Bitcoin. All right, sounds good Pete. And then you do that and you're up like $100 million. You're up like $100 million in like five weeks. That's insane. But that's digital assets and cryptocurrency. Now they could have done this with gold and you know how that would have ended up. So I mean, they still would have gained a little bit, but not like they would right here. And that's the whole thing about people who are like, you gotta buy gold, you gotta buy gold. Sure, go buy gold, but here's the thing. There is a much greater upside with cryptocurrencies, digital assets, and if I had to pick one, I'll say Bitcoin. So why not just do that? Why not just get both? I sound like one has to be the ultimate prize winner. I mean, geez, come on. Anyhow, MicroStrategy president, Fung Lee said this, you should expect that we will purchase additional Bitcoin as we generate cash beyond what we need to run the businesses or the business on a day-to-day basis. So just by then getting into Bitcoin, the stock price went up exponentially. So they had posted a profit of almost $20 million or $2.06 per share, which is up $11 million or $1.13 just a year ago. So pretty good. They were at $1.13, another one, $2.06, not too bad. And here's the thing. I've said this multiple times in the channel. I'll say it one more time. If you're new, welcome. And as this, other companies look to bigger companies. Other companies who are maybe drowning in fiat, as I like to say, they're gonna look at MicroStrategy and go, wow, they've made $100 million in five weeks off this goofy thing called Bitcoin. It's not goofy, it's awesome. Maybe we should get into this ourselves. It's just a reciprocating momentum of self-reinforcing investment. And all these companies are gonna start to say, we need to do that. And of course, what's happened with MicroStrategy, they're being looked at not only by other companies and investors, but also from companies that will use them and wanna partner with them because they are looked at right now as a company who has vision and has foresight into the future. And the president says, this is benefiting our reputation overall, raising our mind share among prospective customers. And then Michael Sayl, the CEO, says pretty much the same thing and that other corporations are gonna look to them as the de facto way to handle an ever-increasing inflation problem of currency. And to finish it all, MicroStrategy's share has risen over 40% since Saylors first Bitcoin disclosure on August 11th. So again, nothing more than great news from a big corporation on top of the PayPal absorption of crypto currencies or assets. And I mean, things are just going in the right direction. I think 2021 is gonna be a great year. I don't know how 2020 is gonna end up, but I think we're going in the right trajectory. Let me know what you think in the comments section. Let's move on. Next up, this was pretty good. Bitcoin investor study from Grayscale. And this was just released yesterday. Last night I got an email. So pretty great stuff. I'm gonna go over it real quick. And the first thing you gotta know is where is this information coming from? So this all came from the methodology. I'll blow this up. This online survey of 1,000 US consumers was connected by eight acre perspective. Data analytics firm, they just, you know, pretty much called up everybody or email. They got the information. This is from June 26th to July 12th of this year. All respondents were between ages of 25 and 64, had primary or shared responsibility for household financial decision-making. All respondents were involved in some form of personal investing with at least 10,000 in household investable assets and at least 50,000 in household income. So they had to create this threshold. And of course, we're looking at it as like, okay, these people had in some way, shape or form, the ability to invest either a little bit or massively into any kind of investment vehicle. So what was interesting to me, let me blow this up the right way, was the interest in Bitcoin. So this is going in the right direction. In 2019, it was only 36%. Roughly a third, still pretty good, not too bad. But in 2020, we're looking pretty fantastic and we're hitting that threshold of over 50% to 55%. So that is great. What was interesting to me, which I didn't think this would be true, but the investment into Bitcoin of what is going on for new people getting in is that it's just happened this year within a very short amount of timeframe. So 17%, the question really was, is when did you buy Bitcoin? So the lion's share of people who were asked, it was 83%, 38, 26, 19. 83% had gotten into Bitcoin within the last year. And the bulk of it happened within the past four months. So what happened the last four months? A lot of bad things. COVID-19, different problems with the economy, quantitative easing. So these are people who are concerned about what's happening in the future and maybe that might have been it and we'll take a look at that in a second. But what was fascinating was that only 17% got into this more than a year ago. So if you're like me and listening right now, I mean, I've been in since 2017. Some people have been in since 2011, 2012. And they are the OGs. So when you take a look at this, you're like, wow, I mean, how many people are getting into it? Because it looks like it's just kind of building in snowball effect just based on this study. I think as time goes on, especially with all the things we just talked about, PayPal, micro strategy, phylogel assets, TD Ameritrade, Paltier Jones, all those things that are kind of building up in the background, it's all gonna lead to this nice huge crescendo or another parabolic bull run, but we will see. So this is why they got into it. So they asked the question, why did you get in and was COVID-19 a factor? And 63% said yes, 37% said no. And to me, I think to myself, well, if it wasn't the coronavirus, was it just because you really dug out of the fundamentals and you really think about Bitcoin, how great it is? Or was it some other factor like, hey, I see it's going up, I'm gonna get into it? Or quantitative easing or small businesses going down? I mean, that was the next question, but 60%. I mean, it seems kind of morbid, but yes, a pandemic is fueling the Bitcoin rise. So what have we got next? So move past this and then coming down. And this was kind of odd. I just didn't really understand this. It says investors who characterize potential growth as a motivating factor to get into cryptocurrency. So in 2019, it was about half. And then in 2020, well, I went up by 8%. I'm thinking myself, do people not realize where they're at? I mean, do they not realize how far Bitcoin can potentially go? I mean, obviously not. Because we just did a video a couple of days ago which talked about Bitcoin of 500K. And at the very beginning, I thought it was just ridiculous and irresponsible for anybody to talk about Bitcoin going that high. And I was doing this on a theta live stream. I ran the numbers and I was like, holy shoot, I'm wrong. I'm the one that's ignorant. And you can watch that video again or check it out. I'll link it at the very end. So I think when people realize like, oh, well Bitcoin went to 20K and they kind of think that's where it is. But if you look at what's gonna happen and how Bitcoin crypto digital assets can actually really dig into the gold market which is $11 trillion on top of tokenizing real estates on top of derivatives, on top of everything else that for example, retail investors and FOMO, I mean, 20K is just the tip of the iceberg, I think. Conservative one, if you're looking at the Winklevoss, they think conservative is 500K. I think conservative is around 150. But that's just me. But again, running those numbers, it could be much higher. So I think there's a lot of room to grow and a lot of education to be done. Which is why I'll be launching the website, Digital Asset News at the end of this week, early next week and it'll be 100% free so people can understand exactly what crypto actually is. I'll let everybody know when it's all ready. Just right now, we're going through beta. All right, let's move down. Again, COVID-19, sure. And this one was interesting. It says more likely to invest in Bitcoin if it was recommended to them by a financial advisor. Now 31% said that overall, all the different respondents said that if their investment advisor said, hey, you should get into Bitcoin. About a third said that they would consider it. 40% who are already considering it would actually, you know, highly think about it. But I think it carries more weight than that because you have to understand, people who are just not in the game like we are, when they have their financial advisor, because they pay financial advisors a good amount of money just to tell them what to invest into. They're not doing it for free. I'll just say that. So they go there for a specific reason. Like, hey, I don't have time. I got two jobs. I got 10 kids trying to have a social life and I got all these things going on. Just tell me why I had to invest in. So if the investors or the financial advisors say, hey, Pete, I think really we should take, you know, one to 3% of your portfolio and put it at Bitcoin. Look, it's digital gold. It's the best performing asset over the last decade. You can send it to anyone, anywhere in the world. For next to nothing, it used to cost a nickel. Now it costs $12,000. I think we should get into this because I think it could go to, if you believe digital asset news, go to 500K. Let's just put one to 3%. It's kind of risky. Let's just do that. If every single advisor said that, you know where we would be right now. We would be a heck of a lot higher than 13,000. I will just tell you that right now. And I think that the advisors carry a lot more weight than what people are actually letting on. And there's a reason why they go to them. There's a reason why they pay the money. And I think if they said it, they would probably a lot more actually get into it. Just me thinking. All right, and finishing up, this was boring. This was interesting. Age. So yesterday, we did a queue of the day and the question was, if everybody's going to go from gold to Bitcoin, should I get into gold at all? And this is what I always talk about is that you should have the new savings account should be gold, silver, Bitcoin. It's only makes sense, a lot more sense than putting money into a bank and getting a fantastic yield of 0.0002%. Gold, silver, Bitcoin seems to be more reasonable for me. And so people said, well, if everybody goes from gold to Bitcoin, gold isn't worth anything. So why would he have that? Here's the thing. Gold will always have value. Gold will always have value. And especially with the baby boomer generation, which has the most amount of wealth in the US right now. If you live in outside the US, could be something different. I have no idea. So you have to understand that the older the person, the more they believe in an asset like gold. Not all the time. I'm not saying I'm not pigeonholing anybody, but the majority, that's pretty much how it is. And this really lays it down. So percentage of audience definitely probably would consider a Bitcoin investment. Usually the younger, the more you would do that. So from about 34, 67% or three fourths said, yeah, I would probably get into Bitcoin. 35 to 44, 68%. That's kind of telling. I mean, still young enough to kind of get into it, but sure, 45 to 54, about half, and 55 to 64, about a third. So these are the people generally who think that gold is more of an asset than Bitcoin. But if you take a look at it, that's still a third of people who were in that age bracket go, yeah, I consider it. So if you got 30% or a third of people, let's just extrapolate that data and just kind of push it all out. If you got a third of people who were in that range who already own gold and say, yeah, I get into Bitcoin, let's say that they allocate, they take out of gold and put into Bitcoin. Well, now you got a third of people who get out of gold into Bitcoin. Do you know how much gold the market cap right now? It's around about $11 trillion. That's what the, that's trillion with the P. So if you get 30% of that, now you're looking at, oh, I don't know, a three trillion if my math is right. Double check me in the comments section, it could be wrong, could be around three trillion, maybe not, maybe so, some around there, right? So if you look at three trillion on top of tokenization of real estate, on top of derivatives, on top of retail investment, on top of FOMO, on top of all the different corporations that are getting into it, maybe you're sitting at five trillion. You know what a five trillion market cap of Bitcoin actually is? That's around $250,000. Because when we did the numbers for the 500K, it was about nine point something trillion would equal 500K Bitcoin. So if you're looking at the half of that, hey, it could actually be. Now, these are just numbers that we're just kind of guessing and getting out there. So don't take my advice, I'm just talking numbers. And then the next telling metric was investing risk tolerance, which was 75%, was aggressive, moderate 55, conservative 33. So that makes a lot of sense, right? The younger you are, the more aggressive you could be, right? So that makes sense with a 20 by 34, 67%, 75, moderate, maybe about half. That could be as you get older, you don't wanna take so many risks. That's about 56%, around 45 to 55, 54. And conservative, older you get, the less aggressive you wanna be. And that also stands the reason, so sure. And then these last two statements I thought was interesting. It says, this was somebody, an investor who says, you know what, Bitcoin's not tangible. Too many variables with its value. This is from a male investor living in a rural area, age 51, they're making between 100K and 250K of assets. So that's the problem. People think, well, if I can't touch it, if I can't see it, if I can't feel it, it doesn't exist. And therefore it has no value. So the question then is, well, what gives things value? Well, I mean, look at Facebook. Facebook isn't a physical thing, it's just a social network. Take a look at Google, it's just a search engine. Take a look at Amazon, it's just a platform. So yes, I mean, all these things, I mean, they do have assets. Amazon has warehouses and workers and all those things. Facebook has buildings and locations and servers and all that stuff. Google has servers, you know, just like YouTube and everything else. So yeah, I get that, but it's really a intangible asset just like Bitcoin and really with our world going digitized, I mean, those things have value. It's like, I remember when, I remember buying DVDs. Remember buying DVDs, that was awesome. Movie comes out, you gotta buy that DVD, oh, I got it in my collection and people would have like this huge collection of DVD racks, right? Well now you just buy the digital version and then store it on Amazon and that's it. You can't really touch that, but there are markets where people sell the digital version of their DVDs or movies that they have bought and that's a real business. So again, it's just a different way of thinking and it's gonna take a lot of education and I think that's the next wave. And then lastly, this is from a female investor. She says, our company computer system was hacked by someone wanting a ransom in Bitcoin so I don't trust it. To me, when I heard that, I'm like, I would trust them more because these hackers did all that work. They don't want US dollars. They're like, hey, pay us a Bitcoin. To me, I'd be like, I should probably look at Bitcoin. These guys, they just hacked this whole system and all they want is this thing called Bitcoin. Show me all that. So that's really all there is to it and it's just another example of this whole report just how we are moving into mass adoption. Let me know what you think in the comments section. Let's move on. Next up, surprise. Coinbase goes down as Bitcoin approaches 2019. So what happened? US crypto exchange Coinbase has disabled trading due to feed issues amid Bitcoin's ascension toward the price of $13,880. What a day it was. Would have been even better if you could make some profits off that and sell it if you wanted to on Coinbase, but it went down again. According to a company update on Wednesday, Coinbase said it is currently investigating the issue, but no further comments were right. This is the exact same thing. It says every single time this thing goes down, that's why I'm a real non-believer in Coinbase. Coinbase has suffered a number of outages during busy trading periods this year, including on September 4th, the last time an outage caused trading to halt according to the company status page. So nothing against Coindesk. They do a fine job of doing all the reports, but it's lacking. It's lacking because it just sounds like, oh, I just did a couple of times. Look, I've got two playlists on this YouTube channel. Two, one is the essentialist playlist, which is everything you should know about crypto and digital assets, like bull runs and scams and what Bitcoin is and Ethereum 2.0, like the basic stuff. The second thing is all the different times that Coinbase has shut down because I refuse to have people just go, oh, just a little shutdown, no big deal. No, it keeps happening again and again and again. And there's no reason why a billion dollar company like that can't figure out the reason why we could actually make this thing actually up the time moments needed most when Bitcoin goes up $500 or more. So this story that we talk about now will also be included in that playlist. Unbelievable. And on top of that, I actually tweeted this out last night and I said, hey, Bitcoin's going up, expect Coinbase to go down. And of course it went down. And there was a great comment from Steve. He's the CEO of Voyager. He goes, we all know there's a solution to that problem. It's called Voyager. When you connect to multiple exchanges and liquidity venues, if one goes down, the customer is still able to trade. And I was like, damn, that's true. That's actually 100% true. So if you don't know Voyager, it's on my exchange of wallets spreadsheet. It's my one, two, three punch. And I recommend it highly. I use it to buy and dollar cost average. And Steve's right, because the thing is that Voyager is not an exchange. Voyager is a brokerage. So it's just like hotels.com. When you want to find the cheapest hotel, you can go to individual hotels or just go to hotels.com and say, which one's the cheapest in Miami? Cause I'm going to be there for whatever. And it finds you the cheapest. Same thing here with Voyager. Now there are some problems with Voyager that is admittedly true. You cannot take every single asset off of the exchange. But just yesterday, they announced another asset, asset you could take off, which would be Cardano. So of course the big ones like Bitcoin, Ethereum, all those different things you can take off. There's some other ones. Well, now Cardano is one that you can take off. And they're working very diligently on it. I've had Steve on the show last week. He said they're working, you know, really hard to get that, that happened. They're going to support that XRP airdrop for Spark. He says it will happen again, let's hold his feet to the fire and see if he does it. But I got a lot of trust in Steve. Seems like a good guy. Anyhow, if you want to sign up for Voyager, I got an affiliate link, you get $25. There's a link in the description. It looks just like this. We'll take you to the spreadsheet and you can sign up right there. Super simple, easy peasy. On the flip side of that, and I'm going to make this really quick, Coinbase to launch a crypto debit card and US retail spending. So this has already been available in Europe and the UK since April, 2019. Now it's coming to the States except for Hawaii. That's the big thing. You get 4% back in Stellar and 1% back in Bitcoin. The question that I have is, are we really going to settle things with cryptocurrency or is it going to be like PayPal? Where PayPal is going to be like, okay, you want to use Bitcoin? Sure, but we're going to settle in fiat. Oh, you want to use Litecoin? Sure, we'll settle in cash. So that's the big question that I have. Another thing that I thought was interesting is that this is actually happening right now. And I think it is to keep up with PayPal and what they are trying to do. So again, it's a game of catch up. They should have done this a while ago, but we'll see how it all works out. I personally don't see the point right now in doing this, but I mean, maybe it'll just lead to mass adoption. So I guess I had to tip my hat to Coinbase for getting this type of thing done, but maybe they should have not worried so much about this and just keeping up their exchange up. Just saying, anyhow. Next up, and this is exciting because I was waiting for this all day. I actually did a theta livestream and I talked about it real quick and I actually showed my ledger live. I didn't want to go through the whole thing so I want to save it from what I actually got to record this video for YouTube because it's just a lot easier to do it in one way. All right, so this is what's going on. Ledger swap, one place for everything crypto. So basically whatever is in your ledger live, you can swap it for something else or your ledger swap or something else. I'm hoping, and that's why I'm excited because I'm hoping that they have a theta token or maybe even a Celsius token that'd be fantastic and I could just swap it right there instead of going through the essentialized exchanges, which is not a big deal, but I just thought it would be cool. So this just happened October 13th and just a little behind the times. So I was thinking, well, if I don't know, maybe some people don't know and this what's going on. So how does this work? Well, we can read this article, but let's just go through it because it's just faster to do it. So first thing up, I'm going to open up my ledger live, put in my super secret password, one, two, three, four, five. So here's my portfolio. I have it hidden, okay, gotta keep some secrets, right? But what was cool about this was that when I opened it up, this little thing called swap wasn't there. I had to update it. After I updated, then it was my little swap. So I click on swap. This is welcome to swap, exchange crypto assets directly from your ledger device. Service is not available to me. Ah, man, what a bummer. Well, hey, I'd love to show it to you, but again, US gets posed. All right, continue to accept. Let me just see if I can do this and game the system. Continue. Probably not very good. Worthless, your worthless ledger. Well, that was fun. All right, thanks, America. You're really falling behind yet again. On some bright news, I reached out to votes. I wanted them on the channel because I'm really excited about voting as far as like blockchain voting because I think it can be a great thing. They've already done this. Let me show you real quick. In Jackson County, Oregon, Republican Party of Arizona, for also in Utah, Massachusetts Democrats, Mass GOP and they've, and of course, Utah County, they talk about, but they've done this already in different formats for different primaries and elections. So my question is this, we can open up a bank account online. We can find our soulmate online. We can read and send government documents all day long online. Why can't we vote online? What is the problem? What is the big deal here about not being able to vote online? We can verify everything in every single way. I mean, look what would just happen over here. Pete sakes. They can find out that, hey, this isn't available in your country. So why can't we vote? It drives me insane. So we reached out to votes and I go, what's the problem? What's going on? Why can't we have this nationwide? And I have the CEO on tomorrow. So what I did was I put a post out and I said, hey, these guys are coming on tomorrow. What are your questions for them? And there's some really fantastic questions so far. One from Udream interviews. What test runs have they done? We talked about that but there was one here that was really good and it was from Hermann or German. What do you wanna say? He says, he can't rank ballots with blockchain pal. And these are some of the things that I want to ask the CEO. Also, I did this on Twitter and we have a voting going on right now. The three questions I had were how are the votes secure? How do you verify the voters? How do you prevent fraud? And then on top of that, other people have put their comments in. So whatever you have, either if you find it on YouTube or on Twitter, just put in there like what you want me to ask and then I'll just aggregate them all and ask them all the questions because to me personally, I don't see why we can't do this but I think the big reason is because just like when we saw with Ledger Live, America just continues to fall behind. I know in other countries, this is already commonplace. I think in Estonia, someone said they've been able to vote since 2005 in Estonia, granted it's a little bit smaller but why can't you just take what's going over there and put it on over here? So I don't understand. Anyhow, that's it for today. A little ticked off that I can't do that on Ledger but hey, what are you gonna do? Thanks for sticking with me through the entire video. I really appreciate it. If you like those types of videos, there's gonna be two months gonna pop up on your left and right. One I think I'm gonna put as the 500K Bitcoin cause that one was we just talked about today and the other one I'll let YouTube do its magic and that's it. So thanks again, really appreciate it. I will see you on the next one.