 Welcome to Jalassa news. Take a top stories in crypto and bring out a bite-sized pieces So today just like the thumbnail suggests September the last week of September might be one of the toughest We're gonna take a look at some key indicators of why that might be So first we're gonna take a look at a news story that broke featuring Anthony scaramucci the mooch where he talks about how Institutional investors really aren't there also take a look at the story behind the story as far as JP Morgan or Jamie Diamond What he says as far as a fool's best thing into Bitcoin They're gonna break it down some on-chain data some analytics Then we're gonna take a look at what I think is the most concerning issue right now Which is whale games look at some data on chain as well What's going on and then finally we'll go over the retirement story follow Which I think is another big scary thing that's been going on So we'll take a look at all those things at first take a look at what's going on the market So today is as expected not a great day Not a great week not a great month September has been sucking. Let's just be let's call a spade a spade We've got one point eight four trillion as far as a market cap down now almost four percent for the day Bitcoin price still holding okay 41,000 650 the sentiment is amazing to me Bitcoin deli seven eighty five over a hundred. It's like people in this space Just don't care. They're like, you know what we've seen the ups and downs We know what's happening and we just are ready. So just bring it because we don't care about this week We don't care about next week. We are in it for the long haul or at least a lot of people are but I think there's things to be Concerned about and on this channel. I don't just give you the rah rah Hopium stuff. I try to give you both sides of the story so you can make more informed decisions So if we take a look at just how far down we are as far as the coins themselves Bitcoin I talked about aetherium 2849 slip below 3,000 tether is now the third spot the reason why is because people are what's called tethering up They are selling off some parts of their crypto getting them tether. They're staying in crypto essentially because tether's Peg to the dollar and they're waiting for this dip to play out and we'll see how that works cardano down I think it's a 2008 might slip below two bucks. I'm not surprised. I hope I can pick some ups XRP 91 cents watch out 131 for Solana. Everything's just down. Geez 8% for Solana. That's a pretty big dip. I must admit 11% for Terra that was pretty hot not too long ago 4% 6% for FTX Hey, Bitcoin cash 13% go figure and Axie infinity 4% that is a great play right there if you're gonna go on that So that's what's going on the market. Let's just break in to today's top stories This one's a little bit more difficult and more involved to really bring things all together So I'll try to do my best here as far as what's going on So this first one here. It's with the mooch Anthony scare moochie used to be White House press secretary and of course before that he was a big investor He is the CEO of Skybridge capital and he says look institutions aren't there even though He himself and his company are getting into the cryptocurrency game. So here is what is going on Scare a moochie or the mooch say that according to his experience experience only 10% of the institutional world is Actively investing in crypto according to scare moochie. It's a minority that has some impact Just some he states the institutions are not there anybody who's telling you there's institutional adoption into the space is Not being totally honest or they're seeing something that I'm not saying I think in this situation Scare a moochie is in this traditional finance space and he talks to a lot of people and he knows what he's talking about I have I have no doubt about that. I don't know I Mean you can make your own assumption about why but I think the mooch Kind of has his own downfall just like I do I think everybody's like me and I kind of see the world in a certain way But I really have fatal flaws not seeing people as they are or not seeing the the situation a little better And that's why I try to give the most information I possibly can so here's a prime example with Mike Novogratz. So Mike You know galaxy capital he says look I spoke to this was a tweet in august 15th Because I spoke to 20 the smartest people I know in the space and zero of them saw a cardano Having traction with devs and I can understand Mike Mike got an early with a theorem So of course he wants a theorem to do well I want a theorem to do well it is like my second or third hold depending on the day and how well it goes up or down But I own a lot of other cryptocurrencies as well And that's that's Mike because he sees a certain way He talks with certain people and he's in a bubble and then on top of that We can just see that this was a tweet I sent out in September 21st Called proof of github and it talks about github daily development activity for developers Number one cardano two is kusama three is polka dots number for agnosus status of theorems lunch and like great right So that was just on september 21st But you know just so you realize this if you go to proof of github it changes all the time So this was from a front of the show a to ape and he goes look he goes It's nice to see someone else being number one and this was during the cardano virtual summit and you can see that Theorism is number one those developers are cranking it out. Solana kusama polka dot mdx numbers The theorem is not even or excuse me cardano is not even there and the reason is So all the developers or me else was in the space as far as a virtual summit So that makes a lot of sense now this one proof of github just came out two hours ago September 28th, which is today and again cardano ethereum Still up up top. So when we take a look at these things we just got to take it with a grain of salt and go you know I know scarimucci's in the space. I know mike's in the space But it's kind of sometimes like we're in this echo chamber and we're talking to the people that want to talk to when seeing the Things that we want to see and some of the things i'm going to tell you today You're probably not going to like but you have to get both sides of the story. Anyhow to continue on Scarimucci says instruments like etfs will play a major role in getting that a second I personally think that an etf will not be approved anytime soon. I've been hearing this forever and with uh, ginsler in the house sec i just don't see how That would actually happen But if it does it will put a lot of capital into crypto These states uh institutionals or the article states institutions still have reasons to be weary or wary of investing in crypto Some maintain there is no clear regulation in the sector and if there was we would have etfs We would have had a lot bigger play It's just that they're dragging their feet and that is just in america In any case, there's been an increase in intention and attention to crypto From big institutional firms like open sex jp morgan and fidelity among others And i've started offering crypto service to the customers. So even though mooch is talking about like look There's not that much going on. I think there's a lot a little bit more than what He may lead us to believe that leads me to my next point. So We're talking about all this stuff remember that there's a lot of institutional and players getting into the game and a lot of these places Can't get directly into crypto, but they can get into it by proxy because just like we talked about with rate If there was regulatory clarity I'm telling you we would be at three four five trillion dollars right now But because these institutions can't and their customers don't like to play in this in this arena because it's so volatile They get into it by proxy. So this was from uh bitcoin magazine morgan stanley doubled down on the grayscale bitcoin Which you know grayscale the bitcoin It's not the exact bitcoin. It's a paper bitcoin essentially And the bank owns 58 000 shares up from 20 000 last quarter So they know where this space is going, but they can't get into it any other way also on top of that We take a look at places like black rock black rock is a major institutional player with nine trillion assets under management and a mandatory sec filing dated june 30th Shows that black rock has stakes in two bitcoin mining companies almost seven percent in marathon or mara, which i own myself And uh almost 6.6 in raya blockchain total capital commitment is almost 400 million between both miners again This isn't a lot of money For these big huge players because they can only get in so much But i'm telling you if there was clarity We'll be a lot farther along and i think this is going to lead to a showdown coming up So that is what we have as far as the first story now Let's jump into the story behind the story as far as jp morgan what he says as far as people buying bitcoin or fools so jp or jamie dimon ceo jp morgan he stated that uh That whoever borrowed money That's pretty funny to purchase bitcoin was in his opinion a fool However, his personal opinion has not clashed the fact That jp morgan the company that he runs Now has access or is offering six crypto funds For its customers that even created its own digital ledger token for payments called the jp morgan coin So it's kind of like the it's it's like the ceo is at odds with what His company is offering and what his customers demand It's not jamie diamonds or any ceo's job to determine what people want It's to give them what they want and move forward. So I just don't see what I just don't understand why he's he's clinging onto this Because he's offering it to him and he states. Um, he goes look I'm not a buyer of bitcoin. I think you could borrow money to buy bitcoin. You're a fool and however He also acknowledged There is the possibility of the crypto sector could increase its value 10 fold In the next years and this was actually uh a meme that's been going around in the twitterverse crypto twitter Everywhere and this was the I even I retweeted this it says jamie diamonds says if you're stupid enough to buy bitcoin You'll pay the price one day this was on 2017 And then of course This is the only part that we see is bitcoin price could 10x in the next five years Not the other part of what he says because you're still, you know It's ridiculous to own it and blah blah blah, but it's still going to go up majorly So really if you look at it and you really want to take the best parts of it you got to say well jamie Uh, if you think it's going to go up 10x, I'll go with that and if you keep offering it That's great. And whatever you think about it being a fool. I suppose I'll be a fool if I can 10x I don't think I can get that with uh the s and p 500 the dow or bonds or something like that And uh, that's what I see So let me know what you think about that in the comment section and let's move on to a little positive news As far as on-chain data before I get to a little bit of negative. So on-chain data It's pretty good to look at and it kind of eases our fears It kind of takes a look and cuts the noise because math is true Data is well, not all data is true. The internet is the internet, right? But as far as like on-chain data This is You know pretty good as it gets as far as like what we want to see so this Is the unique addresses for all bitcoin wallets and if we take a look at this We can see that and if we look at Just how many wallets are out there Uh, and we just and we just extrapolate that by metcalfe's law I know people talk well at time But really if you think about it the more people are actually using a product the more valuable it usually becomes because it is the Network effect as people open up all these new addresses these new accounts and things just kind of start rolling from there But what I want to make mention of this is yes over here We see we're coming up, but see this right here these new unique addresses for uh, uh, bitcoin wallets Right over here I don't know if you can see it. Oh, you can't let me let me bring this up a little bit this part right here Where it's at the very tip top That is november 29th 2017 That was not the top Of bitcoin price action bitcoin price Actually, I think it topped out like the third week of december or something like that So even though we're at the tippy top tippy top of unique addresses The real action didn't come until two or three weeks later and then we take a look over here This is june 16th 2019 another big inversion or june 22nd We didn't see Action or fireworks for the bitcoin price until about a month or two later And then then the actual unique addresses went away and then I want you to see this our latest one january 6 2021 that is at the peak Of the last unique addresses used and as we know We didn't get anything as far as like real price action real explosion until around middle of april That was like, you know three months or so Three four well three three and a half months or so later And now there was a big drop off as people sold off and now look what we have again Another increase of unique addresses and it's not just bitcoin I mean we take a look at the ethereum addresses as far as like unique addresses It's the same thing going but it's even more Relevant and we can just see that the unique addresses as far as like ethereum Just going through the roof and then if we take a look at Just how many people are actually staking just let's just take a look at staking for ethereum 2.0 Which isn't even going to be out yet until 20 or the third the third leg of it won't be out until 2022 If we take a look at 30 days and take a look at stakers It's pretty much just going a straight line up Everybody is staking and then with with cardon or a senior with ethereum Everything just goes up and that's locked in that's not coming out until ethereum 2.0 launches again Probably mid to late 2022 So that's as far as like a pretty good sign as far as the belief Of cryptocurrency now let's take a look at cardon a little bit different because of the cardon There's no slashing and you can take it out anytime you want to however we take a look at stakers Same type of thing We're just going up and up and up and there's a little bit of dips here and there not too many Then people are just going up because people are staking and they see the value. Why is there such a huge Inversion right here september 25th. Well, we had that Virtual conference. I think that got people excited and they started to Start to stake more. I saw an increase in my stake pool Which you can find over at danteachescrypto.com how to stake as far as with the denew stake pool But again looking pretty good as far as staking. Well, it's a little bit different for something like let's take selana so lana Great project a lot of things going on. We take a look at the stakers themselves over the last 30 days You can see that it's pretty jagged But it is kind of going up, but it goes down and up and down and up So as far as staking as far as with selana not too convinced on that one yet Still think it's a great project, but if you take a look at the three in crano things are looking pretty good So there is just that piece as far as like good data and then if we take a look at this is from into the block Average time Bitcoin is held is 3.3 years out of all the different addresses there. I'll be honest with you. I've been holding Most of my bitcoin since 2017. So I fall within that category But if you even break it down even more and we take a look at I think it's ownership by time held Holdlers are people who hold for a year or more in the blue as far as like going back a year or so It's the majority more people are holding They're at least they're bitcoin for a quite a long time as opposed to getting rid of it and the more that you hold The more it takes it off the exchanges the more of course there's going to be demand and the price should go up However, just hasn't done that so far now. We take a look at just the basics of like this new Partnership or El Salvador actually getting into the game as far as cryptocurrency. Did you know that? As far as the amount of users 2.2 million El Salvadorians have opened up a chibo account, which is their Wallet for bitcoin So they are actually getting into the game and remember in El Salvador You're looking at around four to five million as about four and a half million as far as the population And out of that four and a half million you got 2.2 million that actually opened up an account For bitcoin. That's a pretty good sign. I'll take it and then also another good little piece of data this is All miners to all all exchanges transactions. This is really hard to see I can let's see if I can blow it up a little bit There we go. So just so you know When the miners are bitcoin mining or mining all this stuff and they dump it on the exchanges Usually Usually the price will go down a little bit see right here. We had a little big Dump right here price went down a little bit But it came right back up Then it kind of goes jagged and then off it goes but right here lately If you can see it. Ah, there we go There hasn't been a lot of miners Selling their bitcoin to the exchanges. They're holding on to it. And of course More people that hold on Creates more demand price usually goes up Then lastly I just want to leave you with something like this as far as the good news I know that the price action hasn't been the greatest and I can't tell you that There's going to be like everything fantastic, but if we take a look at just like How much Money there is sloshing around the world. I I show this all the time That's a good recap just to make sure we all know this little square is a hundred billion dollars and then Gold is 11 trillion. Why couldn't we get I don't know 25% of that money makes I mean, I don't see why not how about Playing in the stock markets stock markets. That's about almost well as a hundred trillion now Why couldn't we see 10% of that money supply global debt? Yeah, sure And then how about global real estate tokenizing real estate? I only see that makes that makes sense as time goes on We can tokenize art So why can't we do this we can tokenize a lot of things and then global wealth There's 360 trillion dollars sloshing around and then derivatives I mean geez options futures forwards swaps That's that's over a quadrillion, which I didn't know that number existed until I saw this this chart So if you look at all this stuff all the money sloshing around and we're here That's cryptocurrency at under two trillion dollars. I just don't see How we don't get a bigger piece of this pie coming down and that Is the good news now as far as I'll have to give you the other part, which is the whale games and the whale games that I stole that from george cryptosaurus. Thanks george and This is what I came across. So this is from crypto quant and blow this up So just like we talked about the price has been going down and why is that this is a All exchange whale ratio. What's way too big per se? And what this is? It's the relative size the top inflows Uh for all exchanges the number increases means an increase in selling pressure from whales. So As whales start to uh put their crypto onto the exchanges then usually Sometimes I would say you see a a reduction in price. So we can see it here We can see it here price goes down Price goes down the second one in the third ring. They do it again price goes down and then what happens over here Uh one two three and the last one Everywhere that they've put it on there. The price has gone down down. This one actually went up I take that back this one kind of went sideways down a little bit And now we're their whales are doing it again But you kind of see actually look at this a little closely You can kind of see that the whales don't have the effect that they used to But it does happen a little bit and the problem with having a mark out of two trillion This is the problem. Uh is that's things just are easy to manipulate so Again, I think that uh This last week is gonna be kind of sucky. I know this month isn't gonna be the greatest It's already been proven to be true and who knows but um, I see a lot of positivity But again, this couldn't this could be the the pretty tough week Could lead into the next week, but I do see a lot of fireworks Q4 potentially in a q1 actually I don't think everything starts in q1 in 2022. I think fireworks happen in q4 And I think they may continue all the way in q1 2022 Let me just think about that in the comment section. I know there's a lot of information But it's hopefully it eases some tensions. Let's uh, uh, finish off with a little retirement story follow-up. So Uh, this was from uh, actually got us from james or invest answers and that's pretty good information Really what it says here is that there was a survey done three quarters of americans surveyed by, uh, Natix's investment managers think that rising government debt will lead to reduce social security benefits making harder for four and ten To make ends meet retirement Four and ten people say it's going to make a miracle to retire securely That's sad honestly and most think private sector businesses have a role in helping americans Save for retirement and i'm just going to challenge you like this Uh, I don't believe that I believe it's up to you To make sure that you are financially solvent Uh in your old age and your retirement and if you haven't done that now this is not this is financial advice I'm going to give you financial advice at some point you're going to have it's all going to come on you So for all the things that you've done out there it is up to you to make sure That you can retire with ease you cannot rely on social security That is not going to be here and as time goes on and if you think the government's here to bail you out They're not going to that's why the government is not the greatest So it's up to you and uh, I can't tell you how to get there, but I can tell you what I do And to make it quite simply I use itrus capital the reason why I use itrus capital. It's a 401k It's a Roth IRA the things that I put in there as they appreciate As they appreciate, uh, they do not Garner taxes. So I put in there. It's it's post tax money that I've made I put in there. I invest in the cryptocurrency and then in the next five 10 15 years Next time I'm getting older as I take it out. It's tax-free and this is the same thing Uh, that a lot of people have used it in the past Peter, uh, teal is the one that put His stock in paypal and it turned into like under seven 107,000 of the stock. This is back in the 90s turning into billions of dollars I'm not saying that's what happened to you, but that's why I use uh, I trust there's a link in the description Looks something like this And there's actually a video where I kind of break everything down as as far as like A regular traditional and a Roth IRA and how it all works in a sep IRA And then also just so you know, they're coming out with their, uh, mobile apps So you can trade and what's pretty cool about this is that you can you can trade within your IRA And tax-free so that's I'll just leave you with that and yeah Look, that's it for today. If you if you stuck on me all the way And it was over 20 minutes. I really appreciate this is a long one If you like the type of video give it a thumbs up give it a like Also, consider subscribing. I think we talk about our time sensitive and uh, but that is it for today So thanks so much for watching. I appreciate it. I'll see you on the next one