 The anti-Bitcoin and crypto sentiment runs wild and what I really think about when I see these types of messages come about is that the people just need a little more help and what I'm talking about today is there was a nice little Twitter account from Elizabeth Warren. This is Senator Elizabeth Warren from Massachusetts here in the United States and she has made it her rally cry to build an anti-crypto army. So we've seen this before and we'll probably see it again as different senators and congressmen and women start to rally against crypto and when I see these things I just think to myself how did these things go so wrong because Elizabeth Warren was pretty anti-bank for the longest time. I think she still is but you have to understand the problem with politicians is that they're politicians. Really what it comes down to is this she has to get reelected. Her constituents come up to her and say look I have a problem with FTX with BlockFi with Voyager with Celsius so whatever it is and I got ripped off and you hear these things and you say okay I'm going to protect the little guy and I'm going to go against crypto and I think there's a problem when somebody like Elizabeth Warren who has done so much to rally against the banking sector and then she hears these things and says okay this is the same thing I need to help out my constituents so I can A help people and B get reelected and when this happens I just see it's a little bit of misguided trust in what's happening. There is a huge difference between the scam artists and the thief that is Sam Beckman free with FTX and the Voyagers and the Celsius and the BlockFi and anything else that's out there. There's a huge difference between that and an actual legitimate project such as Bitcoin and other crypto products that actually have real utility and the thread just kind of goes over what she's going to do I'm going to skip over that that was actually pretty funny right there and a lot of her things that are rally cries that she talks about how this is not a good investment this is a terrible investment and she lumps in Bitcoin with Dogecoin everything else I'm not here to debate that part but I got to tell you as far as like a poor investment in reality if we take a look at it as far as a store of value Bitcoin's been a fantastic investment in the 80s I mean $20 is going to get you a pretty good amount of food in your cart like you can see here in the graphic in 2000 it's not going to do anything in 2022 if you're spending $20 in Supermax in Puerto Rico you're not getting anything I hate to tell you that but if we take a look at just a couple of years ago 10 12 years ago one Bitcoin doesn't 11 could get you the same amount of food in the car because guess what it was about $20 or $30 just 10 years later one Bitcoin can get you a pretty nice car $69,000 in 2030 who knows what it's going to be so if we talk about the actual product as being a poor investment and things that are doing I just think that Elizabeth is just missing the mark I don't think she really understands really what's what's going on I mean heck even Michael Burberry from the big short fame said look this was just a day about five hours ago I was wrong to say sell so I said hey Jim Kramer you should take notes this is how it's actually done when you are incorrect so this is I still think a pretty good investment for me I can't tell you what to do I'm not an investment advisor so when I say these things I look out and I say that you know to instead of calling for hate and to really go against Elizabeth Warren I needed to help I needed to help her see what she is potentially missing how do you do that very simple there's this website warn.center.gov and I'm going to link this website in the description below and there's a little button right here that says share your opinion now let me stress this if you're going to share your opinion make it constructive help her to seek a light of where she may be missing some vital pieces of information and you can go even go down to say a meeting request a tour request or whatnot and put in your information now there are some things that are required and email and things like that I'm not saying you should give the perfect email but whatever you want to do and then just kind of give her a message as to why you are investor and why you think crypto is going pretty far so let me just think about that in the comment section again I'm not here to to spread discourse or hate I'm here to kind of enlighten people and help them get to where they want to go but I must tell you that a person that is really against banks like Elizabeth Warren there's a statistic that actually scares me and this was the Kobayashi lever I talked about the total banks in the US by year you know at 1920 we had 31,000 banks and then just you know 50 years later 1970 we had 13,500 a little bit less than half or more than half now in 2022 we have 4200 banks and it doesn't make a rocket science to figure out where we're going we're going to see less and less banks they're going to consolidate and they're going to pretty much own everything and if we get that factor into a CBDC then we're going to have a lot of problems going down in the future however as I've always said just because we get a CBDC doesn't mean that will rule the roost forever it just takes one time for them to shut off somebody's purchasing power for them to say you know what maybe there's an alternative option that I keep hearing about that I can potentially get into and and actually own and and have my own forms of money which is solid money might be bitcoin or some other digital assets so I think that there we're going in the wrong direction however there are some good shining lights and this right here is congressman Tom Emmer and he is for the banking he's doing a on the banking committee I believe where he has the FDIC chair and this is Martin Gruenberg of the FDIC and he's going to say a couple things and this is from Nick Carter and he catches them in a couple of lies so this is about a minute and a half and one of those is he talks about you know if we if we sell Silicon Valley Bank will it be easy to have 247 access like the different crypto producers actually had and the second one is did the FDIC ever say to any other bank that will potentially be purchasing Silicon Valley Bank that this will be overly burdensome or onerous for them to service these crypto platforms so just take a listen I will you commit that a bank that buys signet will be able to use it to facilitate 247 access to the banking system for digital asset companies I'm happy to look into that I don't know who the buyer was but be glad to look into it and follow up with you in regard you're not going to block the buyer from doing 247 banking for digital asset companies is that correct if that's the nature of the acquisition yes and will you commit that a bank that buys signet or the bank did will be able to to onboard new digital asset customers again I'd like to look into the transaction but I'd be glad to follow up with you in regard to it when the FDIC sold off Silicon Valley's bank Valley banks deposits to first citizens did that include deposits from any digital asset firms or vcs in the digital asset space I believe all of the deposits from the failed Silicon Valley bank were transferred to first citizens including the digital all of them yes we're all of SBB's deposits from digital asset businesses I again transferred to citizens that's what you're saying my understanding for citizens assumed all the deposits as the FDIC ever communicated implicitly or explicitly sir to any banks that their supervision will be more onerous in any way if they take on new or maintain existing digital asset clients no thank you the F so yeah there is some shining light out there it looks like there are some people out there fighting for little guy the crypto and digital asset investor and then just to get to the point of what was said here by Martin Grunberg where he said no we would never say that it's overly burdensome to do any kind of banking with crypto and digital assets this is from the FDIC website itself and it's it says quite clearly here issuing or holding as principal crypto assets that are issues to order transferred on an open public and our decentralized network or similar system is highly likely to be inconsistent with safe and sound banking practices so I don't really couldn't say that they would explicitly say it's a bit tougher but it does say on the website however to be fair they do say very clearly banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type as permitted by law regulation but again on the flip side they're saying you could do it it isn't going to be easy so let me just think about that and to finish up there are some good pieces of information this is from Seeking Alpha new bull market is born and they just go over some some little highlights of why they think that a bull market is is here already and it's said here that the NASDAQ 100 is now in a bull market and I was thinking myself like is it really in a bull market but right here it says it says it pretty clearly you're setting yourself up for one of the best quarters of NASDAQ 100 since 2020 and we're going to see as far as like percentage gains and I got me thinking like wow how far off are we for NASDAQ I took a look and over what just well first of all just go to a day looking pretty good quite honestly over five days all right now we're talking one month yeah six months still pretty good and then we take a look over five years still pretty darn good even even if we take a look at the peak so if we're taking a look at price action things are moving in a direction which I didn't think we would really see this is why I dialed across average because I'm not here to time the market market perfectly I'm just here to be a participant and what is that what has that done for the market itself well it was pretty good today a little bit of a drop off I think we hit around 29,000 that we're down to almost 28,000 and there's a little bit of action sideways here we go XRP is up 27% in seven days because of rumors of potential settling of the court case against Ripple but hey who knows and that's it for today there's a couple of things before we take off and I can make mention of first of all Coin Ledger who is a sponsor of the show this is for tax software which what I use personally they just got it into where you're able to connect your Cardano wallets which is something that's when David came on he talked about we're going to do this pretty soon and I was like yeah they usually do it and here we are today so they've done that this is what I think people have been asking for again very simple to use for tax offer don't be afraid of taxes you can make it super simple from the time that I set it all up API integration shot it off to my CPA 30 minutes link in the description I even show you how to do it and lastly we had a great episode this was really fun actually today it was it was me Ben and Guy Coin Bureau and the Cryptiverse and went over just a plethora of different things different stuff that we talked about the Binance lawsuit Shanghai upgrade the altcoins that we are getting into and Ben's comments about that the Fed and fundamentals and of course the World Reserve currencies as we see the dollar is being trifled off and looks like China is coming to the action and Guy had a really good insight in that so I will link that at the end of this video and also in the description but that is it for today so look like today's video give a thumbs up consider subscribing let me talk about is time sensitive but that's it for today thanks so much I appreciate it and I'll see you on the next one