 Great welcome digital asset news to get top stories in crypto and bring out of bite-sized pieces So today just the thumbnail title suggest What is it going to take for April to be a better month than we've been having because let's be honest We've been getting kicked in the teeth for quite some time here in the crypto and digital asset space We're going to take a look at what could potentially be some of those factors and just to give us a little bit of hope because let's be honest It's tough out there So we're gonna talk about how March in my humble opinion is pretty much over and will April be better Especially in the US with tax season coming up and people selling off to pay for said taxes Also, we're gonna quickly talk about the proof-of-work ban that fell flat in the EU And lastly we'll finish up with the talking about FTX and Binance continue their world domination tour as they open up things around the globe and lastly we'll do a little Q&A Five questions in five minutes will go over all those things So just wait and hold all your questions until the end. So before we do all that stuff Let's take a look at what is going on in the market It was very quickly and just so you know if you're here for the live stream welcome I know it's a bit early today's one of those weird days where I have to wake up super super early to Get out to the beach faster because a lot of things going on and I want to be out early, so this will be like a super Early session, but anyhow Just so you know if you're watching the replay which I think most of you will be time stamps will be below so you can skip ahead and do Whatever you want to do and just remember that if you want to continue the experience go over to danteacherscruiter.com It's 100% free website made it for you for you is free always will be free. So let's jump into The market so not a good day. Let's just let's be honest and I think you know what I think you know what The market is doing is probably check your portfolio all the time So as we know actually let me refresh this because I usually just what I like to do is Just keep this open from yesterday's video and just to see how we're jumping around and see if it's a bit of a better day As we reload the page And it's even worse. That's always a bummer. So Bitcoin's down if there is down to only five Pretty much choppy sideways. I mean this is what it's been like just slowly eating away at your soul As you watch your portfolio dwindle Which is always a bummer or depending on how you look at it. You might look at this go You know what this is actually an opportunity to accumulate However, I will say that it is quite annoying to hear the same things over and over again where it's like It's gonna go up. It's gonna go up I know because I'm living this too and I've been living this way since 2017 So even me who I've been around for quite some time It still gets annoying and it still takes me off and I'm like just get on with it Let's see some price action. But again, we have to remember We're not Perfects we have our our flaws We said to sit back and just be a little bit patient because if we take a look back things have been going pretty well I actually have been pretty going pretty well for Elrond. Look at that 7.9% I think that was because of their license that they got in I want to say the In Romania and yeah, good for them good for all the Elrond holders looks like it's going pretty well That's probably one of the few ones also Thorchain go figure. All right, so that's what's going on And then also if we take a look at traditional markets, I mean just because we're down. I mean, how's the traditional markets? worse Well, not worse, but for them. This is like catastrophic You know 0.74% is just an abysmal day if we take a look at the S&P 500 That's exactly what we have but maybe it's been good over five days. No, not really. How about a month? How about six months? How about one year? Yeah, one year looks good five years. Oh, yeah looking good But again, it doesn't really matter because if you take a look at this and go, you know, if this was me I still wouldn't be too happy. What about Nasdaq because that's how we It seems like we're correlated to Nasdaq 500 and yes, even worse one day five day one month six month How about a year? No, how about five years? Yeah, okay, so again, everything's down. What's going on? I gotta tell you There's two things I see that could really turn this around and it's and people will say well There's all this money coming in Rob. You understand. There's all these hedge funds and there's institutional money I don't care. I don't care if if if if everybody's coming in. I know that's great for the space I understand that but you have to you have to also understand that You're not gonna see a massive influx as much as people are talking about unless we see two things First of all people are still scared about that that war going on in Ukraine and Russia. It's a war so There is some ambiguity There are problems that people as far as investors go. I don't really see what's going on I don't really trust it. So I'm gonna you know hop out the second thing is regulation Biden came out. He said look we're just my executive order. We're going to study this I want to pull in the CFTC the SEC and the OCC but until there's some real Regulation because I was just an executive order just to study things. Nothing's changed So I mean it's a step in the right direction But until those two things those two narratives change I don't see a major hop-up unless you have a central bank saying we're buying Bitcoin on the balance sheet That's the only thing I could see or another nation going we're gonna make this legal tender So even if there's people in the background buying up and they're buying up massively You're still gonna have the flip side of people being scared and selling and going I'm out of here because I don't trust this and I'm scared about what's going on over here Those are just my two cents, but to give I know, you know, I'm not all negativity trust me To give you a little lightened point because I like to give a little balance. I'm not a moon boy channel I don't think that everything's gonna go to the moon and if you'd you know, Bitcoin's going to 100,000 tomorrow That's stupid what I see is it's a long-play game and what I'm talking about is this so March is over Well, April be better. So there is this great website. I've been talking about this. This is my second day This is Ben's site into the cryptoverse. There's a couple of things. I we talked about this yesterday I want to reiterate What was said and this is a great one the crypto market cap and trend and trend line We talked about this yesterday The fair value we're still actually above the fair value in between these two bands and that's the fair values like 1.4 trillion What are we at today? What's the we're at 1.8 trillion? So we're still above Where the fair value would be. So what does that mean? We could fall But it just depends crypto is pretty volatile. We can go down like we are under here and we hit these bands We could go up or just straight trade flat, but I see it again to be positive Over time the fair value price Will just continue to go up and we could go below that but I mean in two years Where else are you gonna put your money? Like I had I had max on he's a millennial and he said look This is the only place I can do it, you know, I can't put this into bonds and savings doesn't work I like that. So that's the first part. I also want to take a look at historic risk levels and What's great about Ben site is that everything he does he puts a video and explains exactly why this comes in So if you look in the description, it'll say Ben's into the cryptoverse. It's not a affiliate link But it's a great site. So if we take a look at like the risk levels, you know We are pretty darn low. Actually it was 0.30 0.34 So if you're looking at like the riskiest part the riskiest part would be up here Or everything's super high, but I did want to show you this the time in the risk bands This is actually pretty good. So unfortunately There has been a lot of days Specifically a thousand plus days where it's in that 0.3 to 0.4. So I know people like god dang it I wish it would go up. That's just how it is So when we're seeing these things of like 0.3 to 0.4 as far as like risky risk levels We're gonna be here for a while. I think and hopefully it can turn around but that leads me to my next point, which is this here's the good news So these are bitcoin monthly return tables and we've talked about this before but it's it's important to note that March historically has been a really crappy month for a long time January February not not too bad pretty good actually but march just red red red red red red red And that's over since 2011 April is probably Not the best performing month. You could say I think that's like a december january potentially type thing But if we take a look at the negativity as far as like the monthly returns 1.68 plus 2.9 plus 2.0 3 4 5 6 7 percent Down maybe But then you got 34 28. I mean some pretty good Time frame and what I was always concerned about was this I was like, you know If we take a look at what happens in april in the us a lot of people got to sell for taxes, but here April is actually a pretty great month And then even in february If you take a look at if you take up these negativities 8 30 and 13 that's still not a great Month historically, I mean 2020 21 was not too bad, but I will say that april could potentially be a pretty good month Which is before I would have thought it'd been a bad one because people I thought would sell for their taxes And that historically is not true. So again two things that could turn that around one get out of this war Maybe some peace talks Maybe a little bit of progress in the in the right direction And two a little bit of regulation concrete that would come down and say this is what we want This is what it is. I know people on this channel. They don't like regulation, but If you really want that it's a double-edged sword if you want that big money to come in Those people want regulation. They want a little bit. Will that will they over-regulate? I don't know. Will they under-regulate probably not But it worked out pretty well in the internet days in the 90s when law 230 was passed It gave the ability for the website owners to not get sued for what people said on their websites And that was their big issue back in those days. So that allowed the internet to flourish Who passed that law congress passed that law in the united states and it worked out pretty well It was a kind of a hands-off approach. So does does government always screw up? No, they screw up a lot Yes, so I think if we can just get a little regulation with a lighter approach, I think we'll be okay Which leads me to my second point, which is this taxes so the thing about Taxes right now is people believe first of all If you take a look at the statistics people don't even understand what they're supposed to be paying in taxes This is a report that just came out from crypto trader and I'm going to skip over the No, most of it actually This was a sample size from a thousand adults Who own our best in crypto? So it's only a thousand people. So take that with a grain of salt, but I found this interesting that More than half of people actually pay their taxes I thought it'd be much lower actually Because I didn't think that people would like I'm not paying my taxes because for as much as I hear in the comments about All taxation is theft and it's awful and da da da. I gotta tell you a lot of people pay it but There's a quarter of people that just don't pay And then the 17% they prefer not to say that means they're not paying either So really it's like a 50 50 split of between people actually paying and not paying. So I'm like, well, maybe that's why April's a pretty good month so people aren't selling to pay off their taxes And then this was interesting a quarter of non packed non taxpayers didn't know crypto was even taxable So you got a quarter of people going not only it's really taxable, but I'm just gonna ask you this It's not from my position to say that you should pay your taxes I'm not your dad but If you have signed up to any exchange where they've asked you for your name and maybe A license or your social or some type of identifying number They're probably reporting that to the central government wherever you're at So I don't know where you're at But there's a pretty good chance that the government knows that you've bought crypto and they're tracking that So just so you know, I'm not telling you what to do. I'm just telling you that's what it is And if you got a quarter of people who don't know what's taxable, it's taxable There's some caveats, but that's not what I'm here for and then this was a good one 20% of non taxpayers didn't know how to report crypto and their taxes and this this cartoon sums it up right here Remember what I said about with regulation Uh, I really believe people want to do the right thing. I'm a eternal I can't say I'm an optimist. I mean that that first intro was pretty bad, but uh People will say rob. You're just naive, you know, people are all evil and they're awful and whatever I don't believe that people are awful. I think people are pretty good. They want to do the right things in general When within reason right and I think when you get these politicians and people in power and they say there's There's tax evasion of tax fraud and a list of activity. I think they don't know what they're talking about Really what it comes down to is this people don't know how to do it people don't know how to how to report and actually you know Uh Get their taxes actually paid and I think it really comes down to is that these guys Don't pass the regulation to give the guidance To give the rules to the game so we know the ways around the game and that's what it really comes down for me And then lastly, uh, where is this? not this one Oh, this was funny less than 15 of non-tax payers are actually actively evading taxes I can't believe people actually admitted this but they did Roughly 15 percent says the government doesn't know about my crypto. Maybe I don't know. Maybe you lost on the boat I have no idea or six percent said I don't want to pay taxes, which that's that's really a hundred percent I don't want to pay taxes either, but this is what it is. So The thing where we talked about With april being a bad month. I think people just first of all Statistically looks pretty good I thought it would be worse because people have to sell for taxes now I find out that people don't know they have to pay taxes. So if you're having troubles There's a link in the description crypto trader tax you get 20 off and it looks just like that And you can get done and you can stop fretting and and uh being concerned I just did it myself took me about 30 minutes to set everything up for the api integration Send it over to my cpa and he's working on it right now a little bit tricky for me because I'm in portorico But uh, that's what we got. So let me know what you think about that I think april again could be good take it with a grain of salt I'm hoping especially with these things going on, but we'll see Anyhow, let's move on To our last two sections and we'll do a q&a. This was pretty good actually, uh, I thought that personally I thought this was this was pretty clownish as I call it clown news and what it comes down to was this there was an eu vote And people got this way way wrong I was watching the youtube was in the twitters and and uh different people talk about they're gonna ban bitcoin They're gonna ban this. Well, they're not banning bitcoin per se. They were trying to ban proof of work and that was the bigger thing so Really what it comes down to is they couldn't even they didn't even do that This is what happened eu parliament committee votes against proof of work ban support until their amendment Uh, the proposal Includes a de facto ban on proof of work a last minute addition to the bill So he's kind of stuck that in Patrick Hanson head of strategy at unstoppable finance says the econ community of the eu parliament just voted against The de facto proof of work ban big relief and political success of the bitcoin and crypto community So they even watered it down. They didn't even pass that that's good, but this is the concerning part 23 members did vote in favor of the ban 30 voted against and six Epstein so if you had the six that just said i'm not gonna vote and they all voted in favor That's 29 30. I mean it still would have wouldn't have passed, but that's pretty close I would have it's amazing to me that's uh, how many people are against innovation, but I get it Uh, it's like cto larson put out and he said that You know in all if you take all the major european banks to top 10 They're not even they have a lower market cap or Lower assets under management than what bitcoin is actually worth. So like it does make sense and then this There's an alternative amendment which is actually being supported So hands on out of that an alternative amendment from the european parliament member stefan burger receives support instead So this is what they're going to try to do by the 1st of january 2025 So you got three years The commission shall present the european parliament into council as appropriate a legislative proposal to amend regulation In accordance with article 10 of that regulation with a view to include the eu sustainable finance taxonomy any crypto asset mining activities that contribute substantially to climate change mitigation and adaptation and we talked about this yesterday where They have to lay out those standards as as to what is the the minimal viable product as far as For environmental safety, which they didn't really do in this language. So we'll see but I just found it quite interesting That's uh, they couldn't really get that going and and i'm glad it didn't so good for us Anyhow, that's what we got in the clown news. Let me just think about in the comment section and let's finish up With some more positivity ftx and finance global world domination or just a world tour as I talk so Uh crypto exchange ftx wins license plans regional headquarters in dubai so I like to see these stories because it's not stories that it's going to move the price As far as uh crypto, but what it's going to do is as time goes on we get more people in there It becomes more of a viable product and people see it as a Legit business as you start to expand it was the same thing is like I don't know if you remember this There's this company called amazon and when I first heard about I'm like who's going to Buy products. I'm shipping to your house. I just go on the street. Go to walmart. It's super easy Right and now as time goes on like well, that's that's silly So when I see stuff like this and the reason why amazon did so well It's because they just kept expanding and expanding expanding you just saw it everywhere And I think the same thing is going on with ftx and finance. I'll explain the second so this one right here ftx europe A division of operating in europe in the middle east is among anchors in dubai world trade center They will offer complex crypto derivative products With centralized counterparty clearing to institutional markets. So they're going to be set up It looks like it's already in the works and they have their license which looks pretty great Uh, it's already been approved and then uh, this was approved by I think the central Oh a virtual asset license in dubai great Now so they have that part going and then finance also got a crypto license in dubai under the same program on top of that finance Which is granted a crypto asset service provider from Bahrain's central bank. So Central bank of barang has awarded crypto exchange finance a license that allows it to operate in the country Providing services including crypto trading custody and portfolio management services To barrainy customers and they are going everywhere. It seems like so you've got ftx You've also got uh, finance And um, again, I think it's a good news to spread out more people hear about crypto more people that get into it Hopefully it'll mean a little bit better price action. And if you're looking for Uh, some links to sign up for ftx. I've got an affiliate link here These are all affiliate links matter of fact and you get between 25 and 40 for things You sign up for like like voyager and celsius Cuckoing crack and all these things and there's these are things I recommend why I don't recommend how I compare them And what's what's available and what's not it's a big spreadsheet. You can check it out Links in the description. It's just called exchange of wall fees and uh, yeah, check out now You don't have to click on the links. You can go right to ftx.us or ftx. I think it's ftx.com But uh, yeah, if you don't want to get the bonus, but that's that's what's going on So look that's it for today. So I know it's a little bit early a little bit quicker But I just want to give them some things done and out of the way now. It's time to go play a little ball So look, thanks so much for stopping by. Well, this concludes the news part We're going to do uh five questions in five minutes and that's it So if you like the video, give it a thumbs up not give it thumbs down to say why why it sucked Why you hated it and I'll consider subscribing Even if you click the thumbs down and that's it. So thanks so much for sticking around Let's go into a little q&a Ah, all right Ooh, this is a good good question We're off the bat. Great questions. All right. I gotta tell you it's sometimes it's hard to get good questions Be surprised van. Do you think if cardano takes a nose dive from down to 30 cents? World cardano fail. No, I don't think that'll fail. I think what'll make it fail is if uh If they don't increase those the tps times I know they're working on hydra million transactions per second. Great, you know, see when that gets rolled out uh and then Also adoption, let's be honest the sunday swab decks wasn't The smoothest ride of all time now people will say but rob. It's super fast now and works out great. Sure But I can tell you that uh, I was talking to some different projects on cardano yesterday And they were talking about how there was a quite a heavy load on on the uh on the network Now, of course, they're talking about increasing the limits of the of the block space. That's great But I can only tell you what's going on now. Well, I well, I think it goes to 30 cents It'll it'll fail no and I'm gonna tell you why it's because the cardano community Is as passionate as as as the xrp community As passionate as about a different a lot of other communities out there, but I think it's It won't go away just for the community itself. And that's what we got. Good. Great question all right Another question. Good question. Do you think regulators will come after synthetic equities? So synthetic equities if you don't I always think as an american which is Yeah, that's a bad way to think I I believe Which I'm like everything's open to me, right? I can go to I can open up robin hood. I can go to Any kind of app e-trade I can go to a broker and I can start trading You know stocks like no like no problem But people around the world can't do that So synthetic equities what they're doing is they're like if you want to get a Tesla Well the portion of that that we can put in a blockchain you can trade that back and forth And that's what we'll do. So Do I think the regulators will come after synthetic equities? First of all, uh, if they're here in america probably I think that's one of the reasons why uh liquid Which was based on cardano stepped away from that for a bit. I don't know if they came back to it, but I think Outlook the government's trying to shut me down. Just kidding. Just it's just wi-fi Puerto Rico wi-fi. So what I think is that in america, they're just going to Just not give it to american citizens like everything else because we're like the pariahs sometimes in uh in economics In the traditional markets, that's it Uh, oh another good question Rod dan, do you think phantom is a good investment right now? We'll be on time soon So and he got to understand that andre cronhey left that project and he's like a rock star as far as a developer really smart guy apparently never met him, but uh Somebody said well, it's the project is done. He completed it and it's not I'm like I don't think that projects of far as far as I think projects are ever done Look at microsoft windows You think microsoft windows when windows 95 came out of like boom done mic drop good to go Now there's always different issues and ways to improve things. So um I I don't know if it's a good investment because really He did a great job, but a lot of people went there for andre cronhey and what he can do. I guess It really depends on the developers that come in and it really comes down to It's not just the developers that make things great It's it's the this is why i'm always talking about if you're going to invest in a project invest in the utt So the utility what does it do? The tokenomics is it all going to vcs when they can dump on you and wipe you out? And the last one is the team because you know, I think I mean for business-wise there's a reason why 50 of First time small business owners fail in the first three years. It's because they have a poor business plan They don't have any marketing and they can't get their product out there There's a reason why if you go down to strip mall and any one of the cities that you live in You'll see openings for different businesses that were there that just couldn't make it not because it was a shitty product They didn't make it because they're they just couldn't get their product out into the hands of the people And I think that's a bigger issue right now. I think in in crypto. We've got some really great products really great people But not enough to scale and the marketing is horrible That's why unless you're bitcoin, you don't need marketing for bitcoin Actually, you know what who does the best marketing the fed reserve does the best marketing for bitcoin. So that's it Good question. When mullets What's up, man? Sound is coming out probably just the wi-fi. It'll be okay Uh, this is a great question question number four Dan it seems like everything the stock market is going down and we lost faith in the market. No Uh, well, let me say this again The traditional market. I would think that uh commodities would be great like I mean we just saw like what happened with copper Energy sector oil great stuff to invest into uh, but other parts not so much and then uh, when we're talking about sound of We did an in-person interview with max Millennial and he was talking about like look he goes if I wanted to make it in the world He goes, what am I going to invest into the s and p 500 or or stocks into some market? He goes. I've done that I haven't really gotten too far. He goes my best bet. It's not real estate because it's super overpriced right now My best bet is crypto and digital assets because of the asymmetric return I think he's right and I think again if we just take a look at some of those charts good old Ben's website I mean this stuff Uh, that's not it Like he says the trend is your friend, right? So I can see us going a little bit higher And if you can double your money and this is not investment advice just investment pain But if you can double your money in two years I'll take it and that's at the minimum and that's if you don't get into some crazy d gen plays Or like my favorite plays right now um He's actually Play to earn games those I think are going to be great and uh So I have I I didn't really have much faith in the market the only stocks that I own are uh tesla and and um amazon because I got an amazon a while ago because I have an amazon business. I just use them So it was just dumb luck and then uh mara And uh, I think something else, but I don't really deal with traditional stocks But in the crypto no, I mean You have to understand like I'm not going to sit here and blow smoke up your skirt and say you know what it's all going to a million Just ride around the corner just good old hard work. You'll be okay Reality is it's going to take some time and uh, but I'm here for the time. I got it And I hope I hope you do too, but if you don't understand Oh, okay audio vision doesn't go right now about a couple of wi-fi. It's it only cuts out a little bit. It's actually pretty good Bezel cane If there's 21 trillion satoshis, I mean we need a 21 trillion dollar market cap all sat's accounted for well, I mean If it's worth that, but I mean like what's a It's kind of hard to say, but like what's a penny worth? As as opposed to one ruble, which is in rubble, you know, what is one nickel? As opposed to one you want it It's It's really about just to me. I don't look at it as like the valuable look at it I to me I look at things as like purchasing power and that's the big thing So who knows in the in the future once the toshi could be equal to what we would consider 10 dollars And when you say maybe in the future you say, you know, this is what used to be worth 10 bucks The kid will look at you like what are you talking about old man? We don't we don't even use dollars. Who knows? Ah, and I'm Darth flyer. We'll finish this up Long bitcoin, but I don't see a big rise and price and tell the grayscale bitcoin conversion into etf. True That etf if I'm grayscale, I'm already getting the lawyers ready to sue Yeah, so There's a big hubbub about this etf coming up. I know like my friend james over vest dancers thinks it's right around the corner I don't think it's happening. That's just me So I mean look gary genzler I thought he was gonna be awesome the guy was teaching blockchain technology mit right and uh, he comes out. He was a disaster so but You know, we'll see how that goes they Who was it? There was an amendment or there was a not a law. There was a ratification that was put forth that asked that is kind is compelling gary genzler to explain How crypto is hurting individual investors and if he doesn't respond to that x y z happens, but yeah, right? Yes, man. Okay Gary, all right. That's it. I gotta go to the beach. So look if you like today's video and the sun that's blaring in the background this right There we are there like this video And uh worked out for you great gives a thumbs up if you don't like it give a thumbs down Just tell me why I'll try to fix it in the future and that's it for today So thanks so much for stopping by. I appreciate it and just remember I'll put two more videos up here for watching the replay You can check out more of the dan experience and that's it. So thanks so much for stopping by. I do appreciate it I'll see you on the next one. Adios