 Welcome to Jalassette News, like a top story using cryptocurrency and Jalassette's and break them down into bite-sized pieces. Today, we've got some pretty amazing stuff. First up, Google moves into Venmo and Bank territory with checking accounts and updated payment app. Why is this such a big deal? Because it's something that we talked about just two days ago, where Facebook and Google soon to enable Bitcoin buying also. I've got my man Alex Mishinsky from Celsius come on the show today, around 2.30 pm central time, and here's the questions that I have. We're going to talk about these first and you can take a vote and also let me know some questions you have for the machine. In some good Chainlink news, Matic becomes the first outside Ethereum to launch native Chainlink feeds. This is just more good news on top of more good news because Chainlink could be a top three crypto. Finally, we're going to play Devil's Advocate. There was a tweet I sent out, which was a quote from Ian Belina from Token Metrics where he believes that Bitcoin could go down to 14,000 in December. We'll take a look at that and a lot of other things. But first, let's take a look at what's going on in the market. So it's November 19th, 9am, Texas time, trying to get some things done for this channel and my other businesses. So let's get into it. So first up, hey, Bitcoin's above 18k. Again, that's pretty good news. It's up almost 1%, but again, 15% for the week. I think that's been talked to death. So let's just keep going. Ethereum 478, gosh, I wish I could just hit that $500 mark. I think that's like a psychological barrier and a line of support. So if we can just hit 500, I think we're off to the races. And we'll see how that all works as far as the Ethereum 2.0 launch. If you haven't heard, they're trying to get as much Ethereum staked as possible. Right now they're around 20, 25% of what they need. So it looks like that Ethereum 2.0 phase zero phase could be delayed until January 1st or 15th, we'll see. XRP, hey, it's almost at 30 cents, 29.9. So it's up 3% or 16% for the seven day average. So if you're holding on XRP and you bought it at a quarter, well, congratulations, looking good. Chainlink, number five spot, almost at $14. This is looking pretty good for Chainlink. I got to be honest. So I think it's all the time I was around 18. Right now we're almost at 14. So pretty good week for Chainlink of 7%. But really, the big story is Litecoin. Litecoin is on a tear. There is nothing new about it that I know of. Let me know in the comments section. But again, it's at 35% up 12% for the week. I do believe it has something to do with people who are in PayPal and take a look at it and go, wow, I don't know what Bitcoin or Bitcoin Cash really is an Ethereum, I guess, but they're pretty expensive. But it's like coins only 80 bucks. I want to buy that. I think it's part of it. There's probably something else I don't know because I don't know everything. So let me know Bitcoin Cash up 1.5. And if you get a chance after this, we did a Bitcoin.com exchange quick live stream. Actually, it was a video premiere. It was me, Alex Maschioli and Danish, head of the Bitcoin.com exchange. And it was really good, really fun times. We got to talk about the Bitcoin bull run, why we think it's sustainable, but also we got a real peek behind the curtain because Danish is in charge of the whole exchange right there. So he's telling us a lot of great information and it was a fun time. So when you get a chance, check that out. I'll link it at the very end. And in there, I actually talk about why I really should invest into some Bitcoin Cash. So let's see, Polka. Polka. It's almost at $5. I'd like to see that six and a half for the week. Pretty good. Finance coins up, Cardano, I mean, everybody's up. Cardano seems like, this is a question somebody sent me like, why is the Cardano doesn't do too much while everything else is pumping? We have to remember right now that Bitcoin always pumps first. Seems like that's pretty much how it is in a bull run. But then it starts to kind of float down to the alt coins as people start to go, I like Bitcoin, but what else is behind it? What's the next Bitcoin? So as far as Cardano, really not much of a thing. It's always around 10 cents, always. So hopefully it can find its legs. EOS 3.1, 2.7, anything great? Wow, 12% for OKB. I think there was a new listing for OKB. That's why, so great for that I guess. Who will be token, 12% sure. You're in finance again, playing the game, 23%, 65% for the week. I will not touch that. 5% for uni, that's pretty good. 10% for synthetics and on and on we go. So it looks like the market's doing pretty good. Again, I believe Bitcoin will pump first and then it'll float down to the alt coins, but only time will tell. All right, let's break in the top story. So first up, this is fascinating and it has huge ramifications. So Google moves into Ben Moen Bank territory with checking accounts with their updated payment app. And this was a story that we had just covered just like three or four days ago, where it was Facebook and Google soon to enable Bitcoin buying. It always surprises me when we had these stories early where people were like, eh, it's just a rumor. And then we see other types of information that gets put out where it's like, oh yeah, it actually could be. So I'll try to link this in the end as well, where we talk about our Facebook and Google gearing up to offer Bitcoin and crypto. But I'm gonna tell you why it's almost a lock, why they're gonna do this and I'll explain that in a little bit. So the tech giant is relaunching the payment app to allow people to pay friends similar to PayPal's popular Venmo and Square's Cash App. So look, PayPal's already in the game and PayPal owns Venmo. So if PayPal and Venmo are in the game and then Square's already in the game as far as like cryptocurrency, why wouldn't Google and perhaps even Facebook get into it? It only makes sense, right? So first of all, to back up. When I talks here about there's a partnership with Citibank, we just covered a story just a couple of days ago where Citibank execs as Bitcoin will trade at 318,000 by M-2021. So you know that the people that they're partnering with already have a huge belief into Bitcoin and crypto assets. So why wouldn't they do it? On top of that, when we talk about Square, look, Square made a ton of money off of offering Bitcoin to their users and it actually drove half, half of Square's Cash App revenue in the first quarter. Let me say that again. It drove half of the revenue in the fourth quarter. This was written on February 26, 2020. So when PayPal was in the game, I was like, why wouldn't they do it? Why wouldn't they be a part of that? Because they can just add Bitcoin and cryptocurrency. And look, they went above and beyond Square. They said, look, we're not gonna do Bitcoin. We're gonna do Bitcoin Cash, Ethereum and Litecoin. So beat that, suckers. So when you take a look at what's going on, it really comes down to why wouldn't they do it? All right, off my soapbox. So here we go. The tech giant will let users open bank accounts, pay friends and manage budgets through a new version of its Google Pay app rolling out Wednesday. Now this is in contrast with what it talks about here. So it says, rolling out Wednesday, unless there's an update, I do not think they're going to start to do bank accounts just by this week, because today's Thursday. So I don't know where this is actually coming from. And this article is, well, it was yesterday, Wednesday, November 18th. So I don't think that actually happens because right here it says beginning next year. So I don't understand. Unless you're just talking about the app itself being updated, so whatever. On top of the Citibank and Stanford Federal Credit Union, Google said it plans to add 11 new partner institutions next year, and this is perfect for banks. Like we talked about, banks have to catch up. They're not innovators. And if they don't catch up, they're going to get blockbustered. They're going to look down the street and be like, wow, what happened to us? We were so huge and everybody came to us. And now we're just lonely on the side of the street and nobody cares about the banks. So unless they actually innovate and do something, they're going to follow the way, the wayside. It's going to be like a typewriter. Who uses a typewriter these days? Anyhow, Google Pay will also let users send peer-to-peer payments, a feature that made PayPal's Venmo and Square's Cash App household names as people shift to digital payments. And without even saying it, they're saying it. So moving down, Google said it's Plex, checking and savings accounts have, check this out, no monthly fees, no overdraft charges or minimum balance requirements. That sounds pretty good. Users can also request a physical debit card which will run on MasterCards Network, which I thought was pretty interesting because a lot of things run on Visa and they're like, no, we're going to use MasterCards Network, which is fine, transactions per second, probably around a thousand or more just like Visa. So I can see that happening, but I'm not a big traditional market guy. But if I was one of those people, I would probably want to invest in MasterCard today because it looks like it's probably going to go up. Not financial advice, just what I see. But of course, as excited as I am, there are some downsides and I'm sure you can guess what those are and it's privacy. Look, Google knows a lot about you already. When I did and used AdWords, I still use AdWords for my other businesses, but Google AdWords, I'd also advertise on Facebook ads, Instagram ads, Twitter ads, not so much, but Facebook and Google, they know everything about you. Like I can advertise to a 45 year old mother of three with an income of 35,000 at 55,000 who lives in a rural side of Ohio and I can pinpoint that subset of group. It can be that granular and that's just the basics. Now, what if they, I don't know, got that information and started to sell it to advertisers except their main business model and say, hey, how would you like to talk to somebody who likes to buy X, Y and Z? Maybe you could put an ad on there or maybe you could track them through the internet. That's, I'm saying it's easily done and they're going to talk about in a little bit about how we're not going to sell your data. Sure, just like Facebook never sells your data. Anyhow, users can link Google photos to search for seats and link Gmail to see bills and subscriptions for money management. It shows spending summaries and trends over time. Users also get rewards and offers based on their transaction information. Interesting, interesting. So to finish this up, Google said it will use certain data on the payments product, which it said is required by most mobile payment providers. For example, Google uses personal information to set up and maintain Google Pay account. Certain information is also required by regulators to protect against fraud and money laundering. Sure, and Google Pay will never, ever sell your data to third parties or share your transaction history with the rest of Google for targeting ads. Of course they won't, of course they won't. Well, we're not going to sell it per se, but we're going to package it in a certain way that just gives us these advertisers for groups. So it's not like your personal data, it's a subset of data, which we just linked together and they can advertise to. So don't be fooled, folks. So anyhow, there's two sides of this story, right? The first side is if this does happen, which I think it's gonna happen, 2021 is the year. I've said that all the time. I'll say it again, 2021 is the year. And when Google comes out and says, you know what? Hey, guess what? Instead of just PayPal's paltry for crypto, we're gonna offer the top 10 and off you go. So the real question is, which ones are it's gonna be? We know it's gonna be Bitcoin, Ethereum, probably Bitcoin Cash and Litecoin. So that's a pretty good bet. On top of that, I don't know what it could be. I think it's gonna happen, but I could be wrong. Let me know what you think of the comment section. Let's move on. Next up, I'm gonna have Alex on the show today around 2.30, he's supposed to call in and we'll do a recorded session. But here's the questions that I have. And these are just the things that I kind of gleamed from the questions that I have in my head and doing a little research. And I don't know what they are. I'm waiting for Alex to answer, so we'll go for this. And what I have so far is, how is yield created with Celsius? How is the Celsius token created? How does it hold value? Does Celsius ever invest in perpetual swaps and futures? And nobody's interested in that. Is the rehypothecation in the terms and condition for Celsius for the lenders or also for the borrowers collateral? Because it's really not clear in the terms and conditions and then any kind of other type of thing. And then people have already talked about it. But I just put this out five minutes ago before I started the video. And I'd like you to vote and like you to tell me what you think you'd like to ask. There's another thing I know people talk about. What about the flare drop? It's already in the works and it's already probably gonna happen. So I'm not even gonna answer asking that. Now honestly, I don't know particularly why he wants to come on the show again. I think it's probably something I said. That's just how it goes. As the challenge gets bigger, I have more responsibility and I need to make sure that the things that I say are 100% correct. So this should be a good interview. Let me change the comment section. Let's move on. Next up, Matic becomes the first outside Ethereum 2 launch native chain link feeds. And first, your question might be, what the heck is Matic? So Matic is actually not even in the top 100. It's actually now 113. And it is a second and first layer solution for Ethereum. So hopefully it will increase the throughput or transactions per second. And it uses a couple of different methods. One of those is proof of stake. Also the other one is proof or actually plasma, excuse me. So Matic could be a very big thing. It could help Ethereum kind of reach its goals. I don't know. But I thought it was interesting that Matic on top of a lot of big players, let me just scroll down real quick, are really getting into chain link. So chain links being used by Aave, Synthetix, Yurn, Celsius. It says Google, but that's kind of dubious. I'll just be honest with you. It's like, it was a blog post by some developer at Google, but whatever. Ampleforth, Arbol and Nexus Mutual. So these are just some of the big names that are using chain link that are publicly using chain link. And I think it's one of those great projects. Now, people always tell me like, well, chain link's old and it's a scam. And there's this thing from, what is that? Zeus, Zeus network or whatever. They're always doing promoted ads about how crappy chain link is. Which I think is odd that you have to do a promoted post on Twitter to prove that something's crappy. I don't understand that, but whatever. So this was an interesting article to me. And I thought, well, I'll just go over that real quick. So what's happening? Matic network, a smart contract platform, Matic is both a layer one and layer two for Ethereum. Now it's on Thursday, the full launch of five chain link price feeds that are set to power its ecosystem. So if you're not familiar with chain link, it really just pulls in outside data into the blockchain because blockchain sucks, they can't do that. It's just not what it's designed for. So it has to pull out outside data. Now what's great about chain link is that you can use multiple points instead of just having one point to pull in a price feed or a temperature or a whatever contract because it just can't, if you just have one price point it's the one point of failure, which someone could hack and really screw up everything. So with chain link, you can use as many as you want to. Many different price points and aggregate that information to get the right correct info. So Matic's got five. Matic now features five price feeds, Matic USD, USDC USD, Ethereum USDT and all that stuff, die. Which is great, right? The more the better. Chain link's verifiable randomness function is set to be integrated soon as well, which would allow Matic app developers to build provably fair chance games or other integrations. I think this is the big thing that people leave out, which is all the development that is potentially going on at chain link. It's not like they just wrote two lines of code. Someone told me that they wrote two lines of code and that's it, that's all they've ever done. They made billions of dollars. I'm like, I don't know if that's really how it works. So when I hear about these things about things that are going on behind the scenes it makes me even more bullish. Do I understand it 100%? No, that's why I haven't sold my house and put it all on the chain link. I'm just hedging my bet. So moving down, Sandeep Nellwell, co-founder of Matic Network told Coin Telegraph that Matic's hybrid approach is originating interest, despite many being critical of plasma as a solution for smart contracts scaling. I remember when plasma was like the next big thing and then nobody used it. Now all of a sudden Matic came back and said, yeah, we're using it. The viability of plasma for DeFi is a hotly debated topic, but there is no other plasma implementation in production apart from Matic. And turns out that in production it works fine. It does not encounter any issues after four months of launch of mainnet. So that's pretty good to launch a mainnet. It's really great to have it at four months, but you know what's even better? Have it four years, 10 years, 13 years. So as time goes on and there's no flubs and no errors, which would be pretty ridiculous to think about, no major errors, then I think this project will do quite well. He argued that the flexibility of Matic, letting developers choose between plasma and proof of stake can entice different types of developers. Many apps like games, VR space and pure POS while some DeFi and prediction markets choose plasma. He added Matic supports, Ethereum tooling and allows developers to simply pick up their Ethereum smart contracts and deploy it on Matic sidechains within a matter of minutes. Now, well said. And there was one thing that I did interview with Richard Hart and he talks about how great Ethereum was. I mean, he talks about how Hex was murdering Ethereum and Ethereum was murdering Bitcoin. But one thing he did say was interesting. He says, you know, Ethereum is great because it's like a plug and play option. It's like you can write your story and Ethereum is the typewriter. And it's really a lot easier to start with a template. He says, if you've ever built a website, it's much easier to start from a template than from scratch. And that's very true. So if Matic is offering that type of thing to developers, so much the better. And again, if they're integrating Chainlink and that works out great because I own Chainlink. I don't know on Matic. Maybe later, but this is a good article, I think. Let me know what you think of the comments section. Let's move on to Ian's prediction. So next up, this is just devil's advocate. I really don't like all the different, you know, raw, raw, and it's gonna go to the moon and Bitcoin's the best and, you know, crypto is never gonna go down. I just think it's ridiculous because it will. It will. I don't wanna be a wet blanket, but I gotta be a voice of reason because things went crazy last time. So this was a good quote from Ian Bellina. If you know what Ian Bellina? I've had him on the show. I like Ian. He did a great video with us, which is actually in my website over at DanPetersCrypto.com, which is 100% free, simplify everything, come on over, sign up, no problems. And he is on module four reviews. And he did a great video with us called How to Do Your Own Research because people always ask, they always say the same thing. Did they do your own research? Do your own research? People are like, what the hell does that mean? So Ian came on and he explained to us how he did his research back in the crazy ICO days. And then he actually answered the question, which I give him serious props for. But coming on, I said, hey, Ian, a lot of people say you're a shill. What do you say about that? And he answered that question. It was great. And he admitted some mistakes, which, you know, who's perfect? I ask you who is perfect, nobody. And he pretty much just said, hey, you know, I learned some things and he goes, I never, you know, he talks about he doesn't really shill-shill, but he did get played by a couple of different projects. And he said, now we realize what to look out for. And I can respect that. So I am never in the belief that when someone makes a mistake that they're crucified for the rest of our lives. I just, I believe in forgiveness and that's all I'm gonna say. But Ian had a great quote. He says, and this is from an article by Billy Bambra from Forbes. And he says, Bitcoin is performing better than expected while still bullish long-term due to macroeconomic factors and large corporations getting into crypto, we expect Bitcoin could correct back to around 14,000 by the first week of December. And this is the Imblena CEO of Token Metrics. So look, you never know. I mean, we have nothing but great news, right? We've got the PayPal's coming out, the MicroStrategy's, the Paul Tudor Jones, all the big players are coming out and saying, we love Bitcoin, everything Kumbaya is great. However, you never know in this space, it looks very promising, but are things sustainable? Only time will tell. And it's just one of those things, it's just a cautionary tale, right? If you think it's gonna go to the moon and nothing's gonna go wrong, usually that's when you should really take a step back and go, wait, is this the best that there is? I know some, I always talk about don't FOMO. And people are like, well, how can you say don't FOMO? I'm saying don't sell your kidney to go pay for Bitcoin and dump all your money into it, okay? What I'm saying is, you can, like, I still dollar cost average in, like today, I'm gonna be buying another 100 bucks worth of Bitcoin. Is the price a little bit higher? Yeah, but you know what? I didn't sell the farm and buy everything right now or beforehand. So is there gonna be dips? Yes, that's what I'm saying. There's gonna be dips, they're gonna come, it's just a natural progression. So just do it like that. One person had a really good advice. They said, hey, if you really got an itch to really FOMO, then increase your dollar cost average position, like if you spend 100 bucks a day or a week or whatever it is that you do, put in 125 today if you really wanna go all in. And then just play it safe. Now, that's just my advice or just what I'm gonna do. I'm not telling you what to do. So if you wanna bet the farm, go right ahead. I mean, heck, it might work out for you, I don't know. But it all depends. So that's all I got for today. So I will link to those two videos at the very end, the ones that we talked about in the beginning. And also if you wanna sign up for Dan teaches crypto, it's just danteachescrypto.com. There's a link in the description if you wanna use that. Again, it's 100% free, always will be free. And I try to simplify everything so you can understand things. The only thing I ask that you do is just tell a couple, two of your friends, two people, friends, family, loved ones about the website so they can learn about crypto because I think 2021 is gonna be a huge year. And I need people to be educated and understand exactly what's going on. So one, they don't fall into the wrong scams. And two, they know exactly what they're investing into. So people don't say, why are you investing in that? That's just air and doesn't make any sense. They have a response to it and they can also be evangelist because if there's more people in this space, everybody wins. So that's it for today. Thanks a lot for watching and I'll see you on the next one.