 Welcome to Digital Asset News. Take a look at top stories in cryptocurrency and digital assets and bring them down to bite-sized pieces. Today, we've got some pretty good stuff. First up, Bitcoin is at a tipping point and could become preferred currency for international trade. So says the group over at Citibank. This is interesting because in the past, they've been very wishy-washy on what is going on with Bitcoin. And they really lay out that there is a four-tier cycle to what Bitcoin could potentially do. We'll take a look at that. Also, Mark Cuban is now on the Bitcoin side and argues that Bitcoin is dead, telling off some person time to move on. Also, we'll take a look at Kentucky is pushing mining tax breaks in a bid to attract crypto community. I think this is very big because it's a very forward-thinking prospect that Kentucky is doing to bring forth cryptocurrency miners into their state. And also, the most interesting one, Gary Ginsler reveals his policy on Bitcoin and crypto regulation. Now, this is President Joe Biden's SEC chair pick, and it's going to be very interesting to see what this gentleman says because these are the things moving forward that are the most important. So we're getting all those four topics, but first take a look at what's going on into the market. And before we start, just so you know, obviously there is no pool background or there's no cool background. We're at our Houston in the new investment property, just kind of getting things settled and getting things done so we can rent it out. So over the next couple of days, you might see this background. You might see another background. I don't know where I'm going to be tomorrow. But this is how businesses work sometimes. You just have to get going and just keep doing. So let's see. Today it is, I don't know what day it is. It's Friday. Hey, it's Friday, March 5th. It's 4.30 p.m. Houston, Texas time, and here's what we got. Let me blow this up so you can see what the heck we're talking about. Bitcoin is still tumbled down and it's below 50,000. And again, you know, people have been talking about, you know, there's things that are going on as far as like the F2 pool dump. And there's market manipulation. There's different news stories and tweets and everything else. But again, I always say to you, what has changed? Nothing has changed. It is the same old thing. So for me, I'm just like, you know what? Keep driving that price down. Keep driving that price down because I will pick it up as it scales down. Very happy with doing that. So yeah, unless something changes, unless some new information changes where, you know, it comes out that Vladimir Putin created Bitcoin to destroy the world, I think I'm going to still keep buying. And yeah, Ethereum is still, in my opinion, underperforming 1542. And it's only up just a slight bit. Cardano up 6% in 24 hours, which it should be. There's been fantastic news, fantastic work being done over there, the Cardano Foundation. There's a great thing with decentralized finance coming on the Gogan era, the Mary Hard Fork, going in for native assets. So this is just one of those to watch. And it's solidly in that number three position. Tether's Tether, nobody really cares. Binance coin, polka dots. Ending up, man, fantastically. No, just pretty much sideways, except for Rap, Taren, Luna. Wow. I think that's Mike Novogratz's thing. Good for him. Yeah, that's about it. Let's do this. Let's just take a look at the projected range and see where we're going. Now, if you don't know, Trade the Chain, it's a sentiment analysis. What it does is it crawls the internet, all the blog posts. It also is one of four different crypto companies that has a direct API into Twitter, because in my opinion, a lot of people's opinions, news is what drives this market. So when we take a look at these three numbers, you're looking at, this is with 90% assurance. That middle number, that 3%, that gain is what they're saying is going to happen in the next hour. And statistically, they're 90% accurate on all these numbers. So maker would be one to look at in the next hour. Harmony, it's going to go up 2%. And again, it's not financial advice, entertainment purposes only, but this is what it tells us. So with 90% assurance, I mean, this is what I use if I'm going to make trades. Now, I don't make a lot of trades. I have the guys over there help me from Trade the Chain and Market Rebellion, but these are the things I would definitely look at. So interesting stuff. Anyhow, you can take a look at Trade the Chain. The platform, there's a link in the description, but let's move on to our first piece, shall we? So, first of all, normally I would start with the Citigroup story because that's a big story, right? Citigroup talks about, you know, how Bitcoin can become a preferred currency and there's going to be these three different provisions and the fourth one coming about. That's not the story. This is the story right here. This is the story. Biden's SEC chair pick Gary Gensler reveals the policies on Bitcoin and crypto regulation because without policy, without the government pushing forward, without them allowing innovation to flourish, it'll still happen. It'll take a long time, right? So when the internet came out, that's pretty much what they said. They go, you know what? When the internet came out, I was just a kid and I was like, honestly, people would always tell me they're not going to let it happen, but they did. And for some reason, you know, they actually made the right choice. They allowed it to flourish. Now, they could have stepped in and tried to regulate. I mean, really over-regulate and it could have happened. It still would have taken off. It still would have taken off. It just would have taken a lot longer. And when I see stories like this and I hear about like Kevin O'Leary from Shark Tank, he was doing an interview and they asked him, why did you transfer over and now want to be a part of Bitcoin? He goes, I change when the facts change. And he goes, when all these exchanges and all these different roads are coming in and we're talking about the ETFs in Canada and Switzerland. And there's a lot of different options for, you know, traditional players like myself in this market. He goes, that to me is a solid plan and I'm going to be a part of that. So when you hear stuff like this from the governments, this is another big thing that people like O'Leary really are concerned about. Do I care if O'Leary gets in? Not really. But what is important to me is that O'Leary talks about it and tells all the people that have no idea what cryptocurrency assets are so that they can get interested and they can learn about it. That's the big thing. So for here, this is what I want to hear so that they can alleviate those fears from those traditional players who are stuck in the ETF mindset and they can get in those other people who have money can figure about it and they can get in and so on down the line. Again, these are the people that are going to buy things up on Robinhood. You know, they're going to buy a 3M on Robinhood. I don't care. They're going to buy it on PayPal. Again, I don't care. I know it's paper. It's just paper, but, you know, I want those people here so they can at least learn about it. And hopefully they can go to danteachescrypto.com, 100% free website so they can learn all about cryptocurrency. That's why I made it free so people can learn about it. Anyhow, here's what we got with Gary Ginsler. So if you don't know, Ginsler is a professor at the MIT Sloan School of Management, co-director of FinTechSale, senior advisor to the MIT Media Lab Digital Currency Initiative. This guy is no lightweight. He knows exactly what he's talking about. There is a hour and a half presentation that he gave over at MIT where he talks about blockchain. He specifically talks about Ripple and XRP and he talks about cryptocurrency and digital assets. The guy knows exactly what he's talking about. So when he is in this position, this is perfect for us and you're going to see why. So he teaches blockchain, whatever else. He's also a former Goldman Sachs partner who serves as chairman of the CFTC. So he has his feet in both waters, traditional market, cryptocurrency market, he knows exactly what it is and how they can be combined. That is the kind of guy I want in charge of cryptocurrency regulation. So this was on a hearing. This was a couple of days ago and they just asked him, you know, what do you think is going to happen and how are we going to move forward with these digital assets? And he says, look, Bitcoin and other cryptos have brought new thinking to payments and eventual inclusion, but they've also raised new issues of investor protection that we still need to attend to. Great, that's fine. So he says, I think it's confirmed to the SEC. I'd work with fellow commissioners to promote new innovation but also the core, ensure investor protection. Fantastic because look, we do need that. Let's be honest, people have been ripped off left and right. There are some problems that are rife in our sector. We can't deny that. So if we get a little regulation, I'm okay with that. And I know people always say, Rob, you're a moron. That's true. I am. But then they'll say, you don't know what you're talking about because we should have absolutely zero regulation. We should just go forward. We should, you know, trustless society and so on. Sure, that's great. You know what? I'm okay with that if you want to go that route. But however, I think a real little regulation goes a long way. And if we get somebody who's going to be heavy-handed, that's a problem, right? I have no problems with speed limits. I just don't. If you want me to go 80 miles per hour on the highway, sure, I'll abide by that. But if you want me to go five miles per hour from here to LA, I'm going to have problems. And that's what we talked about with a little regulation goes a long way. Just hopefully not over-regulate. And some people will always say, well, the government tries to over-regulate all the time, not saying that they won't. I'm just saying that this is what we have. And this is the reality. So let's just step forward. So to elaborate, you would to clarify, he states, to the extent that somebody is offering an investment contract or securities on the SEC's remit and then have exchanges that operate there, then we have to make sure there's investor protection. Great, that's fine. On the other hand, if it's not that and it's a commodity as Bitcoin has been deemed to be, and he said this in the hearing, then it's either a question for Congress or it's possibly a question for the CFTC. So again, if we're talking about securities, now you're talking about the SEC, which is what he would be the head of. If we're talking about commodities, I'm going to be the head of the CFTC. And we know that we don't want to go down that route as far as securities. That is why the SEC has that lawsuit against Ripple. But again, what is impressive to me about this whole story is that he's not saying that, hey, we need to really squash this. We need to get rid of it. We need to put the power back into the hands of the almighty bankers and the Federal Reserve. That's not what he's saying. He's like, look, there's a lot of opportunities here. We should really explore them and get down to business and hopefully incorporate this into the financial sector because he's been a part of the traditional world. He's also part of the cryptocurrency world. I think this is big news for those institutions that are worried about what's going to happen with this new policies coming about, the new presidency. Here's your answer. And this is the type of thing that will push a catalyst for the big money institutions to come back in, in my personal opinion. Let me know what you think in the comments section. Let's move on to our next piece. The next three pieces I'm just going to go over pretty quickly because I think that really was the big story. So this one's interesting. Kentucky pushes for their given tax breaks to tax minors. I live in America. I would not consider Kentucky a very progressive type of state, but here we are. Kentucky has budget community, approved a bill in a 19 or two vote to eliminate the sales tax and electricity for use in crypto mining operations. That's pretty cool. And that's the big thing. The bill's sponsor, Republican Representative Stephen Ruddy. Ruddy? Ruddy. Ruddy. Recognize the state's cost but believe that the projected price will eventually benefit the state by attracting a highly sophisticated, highly technical industry. Smart. That's smart. Because if you want to get the type of tech industries that would attract businesses into your state, this type of thing that you really have to do, that's why all the different states are really fighting for an Amazon warehouse. Not saying that they're all fighting for it, but saying that a lot of them are because that brings money, that brings tax revenue, and that's just good for business. And especially, you know, if you have something like this, this is a little bit more of a specialized field. So that would just bring more jobs into the community. So, you know, why wouldn't they do that? That only makes sense to me. Anyhow, and then lastly, Kentucky economic officials have already approved blockware solutions incentives as the company plans to invest $28 million in a local mining operation, broadening the state's appeal for the mining industry at large. So again, this is not something I would think that Kentucky would do, but here I am eating crow. I have no idea what I'm talking about sometimes as far as what goes on in each state, but this is good to see that each state has actually taken a little bit more of a forward step into bringing blockchain and cryptocurrency into the fold. Anyhow, let me know if you think that's good news or bad news. I probably think it's good, but let me know in the comments section. All right. And then second to last, this is very quick. I just think it's kind of funny. Mark Cuban got an argument with some guy, who's a gold bug. I don't like saying that guy's name because I think he's the biggest shill, and he's cost, like I said in my Twitter post, that guy's cost more money to more people than a Ponzi scheme, just about. He is always talking about how great gold is. He's pushed people away from Bitcoin. He's scared them into only buying gold. And really, if you look at gold, what has it done in 10 years? It's doubled. That's pretty great, right? What has Bitcoin done in 10 years? So if you just would have said, after a couple of years, and he got it through his thick head, look, you know, put up 1%, 2%, 3% in there. I think you would have saved a lot of people a lot of money, but that's it. So Mark Cuban here called him out on it, and he goes, look, this is what he says. He goes, gold is hyped as much as crypto. Do we really need gold jewelry? Gold can make you a ring. Bitcoin and Ethereum are technologies that can make you a banker, allow friction-free exchange of value, possible into an unlimited range of business and personal application. So I would just say this. You can't poopoo all over gold, too. I own gold, I own silver, and I own Bitcoin. I just do not understand why people wouldn't own all three of those. Those to me are the savings account of the 2020, 2021, and moving forward. I just don't understand. So, you know, when Mark talks about how, you know, gold is, in this article, he talks about how gold is dead. Gold isn't dead. Gold's gonna be around. Gold's been around for thousands of years. It's gonna still be around for thousands of years. People will always value gold. That's just how it is. But if you look at it, does it have the most, the highest potential gains? No. What else can it do besides be a store of value? Well, you can make gold with it. Or maybe you can make gold. You can make jewelry with it. You can make transistors and things like that. And, you know, silver is also one of those things that we need for mainframes and motherboards and stuff. I mean, in all reality, if we're looking for a real store of value that we can move to anywhere, anywhere in the world, in under 30 minutes, really, it costs next to nothing to do. It used to cost a nickel, and now it cost over $50,000. Well, $49,000, something like that. That's pretty much why I got into it. And if you're looking for a store of value, I think it is one of those really great ones. And before people say, well, gold's a great store of value. But you have to remember, gold isn't stable as well. Gold has doubled. Gold has gone down. Bitcoin has just gone up a heck of a lot more. And it's gone down a heck of a lot more. So it's just more volatile. So to me, I think it's still a good store of value. Anyhow, let me just think of the comments section. Let's move on to our last piece, which I think is... It was pretty interesting about what Citigroup talks about here. I just don't... I just can't wrap my head around it. But they says, Bitcoin is at a tipping point. Could become a preferred currency for international trade. Okay. What do we got? Well, they just put out a report, 108-page report. I did not read the whole thing. I just looked at the highlights, and that's why I give to you. But it talks about how it's at a tipping point. And it says, it attributes the changes to enhancements, to exchanges, trading data, and custody services that are increasing and being revamped to accommodate the requirements and institutional investors. So that's great. It's what we just talked about just a little bit ago. So, yeah, if they can do these things and just make them more comfortable for these guys, so much the better. Have them all come in. Join the party. The advantage of Bitcoin and global payments, including its essentialized design, lack of foreign exchange exposure, and potentially cheaper money movements, secure payments channels, and traceability. That's what the great thing about Bitcoin is. And so when people say about, ah, but it's totally private and no one can track you, the... So that's the whole point of public ledger. I mean, people can actually track you and see what it is. Now, not that they will know exactly which wallet or which one it is, but they can see where the money flows to, and that is one of those things where that is the great thing about having an open, decentralized network. Anyhow, to finish up how they talked about these attributes combined with Bitcoin's global reach and neutrality could spur to become the currency of choice for international trade. I know some people will say, that'll never happen because this country won't trust this country, and this country is at war with the other one, but remember, Bitcoin's owned by nobody, and there's no CEO, there's no magical mythical person behind the curtain that's controlling the whole show. So in this regard, the whole neutrality about, you know, no one really owns it, nobody really has it, no one really is the central figure, that could be a big factor to making it this worldwide currency. Now, right now, they have to do something with Layer 2 solution or something to make it, first of all, affordable, and second of all, more accessible to everyone, because if you tried to, if the whole planet right now tried to use Bitcoin, it would be like 2017 when there wasn't even that much, and it was taking like, you know, four, eight, 12 hours for a transaction, and the transaction was like super high cost. And that was just Bitcoin. Now, look what's going with Ethereum. So there's no way I think this could actually go off without a hitch as it currently stands. There's no way it could happen. And that just doesn't, that's just what makes sense to me. Anyhow, this was the crux of it, and I think the most important part. The report also explains that Bitcoin has seen three stages of focus so far. Technological oddity, one, censorship resistant money, and that's kind of like, in the beginning 2009-10, it's just kind of like, it's just, you know, nerd money, it's funny, whatever, just odd. And then it became a censorship resistant money. And that kind of happened from like 2011-12. All the way to 2017, people were like, it's money, it's money, money. This whole story of value narrative only came about in like 2018-19-20 when people were like, we can't use this currency right now. Let's just go over the story of value. And it worked out pretty well. And of course, the story of value, they call it digital gold. But it predicts that we will soon see a fourth stage of focus as Bitcoin transitions are becoming, an international trade currency. That's just not me talking. That's a multi-billion bank here, Citigroup going, and this is their think tank going, this is what it's going to be. This is where we see Bitcoin going. So I personally don't see it going like that the way that it's, you know, currently technologically advanced. I think it has to do a lot more things, but that's for way smarter people than me to figure out. And let me tell you, that's not hard to beat me in that regard. Anyhow, so that's it for today's video. So look, if you made it all the way in, and you liked it, why don't you give it a thumbs up? That'd be fantastic. Also, if you like types of videos, why don't you subscribe? Because we do daily ones, and they're time sensitive like we just talked about. And I'll put two more up on your left and right so you can check some more things out. And that is it for today. So first of all, thanks so much. I appreciate it. And I will see you on the next one.