 Welcome to Jalassette News, take a top story in cryptocurrencies assets and bring them down to bite-sized pieces. Today, we've got some bearish news. First up, a shock survey suggests that most investors think Bitcoin won't top 50k by 2030. I want to take a look at what's going on here and try to debunk some of the things that these people are worried about. Also, Bitcoin to US Senate, Republican Senator says Bitcoin can act as a store of value. And the new senator from Wyoming really lays down a fantastic reason as to what Bitcoin can do and she really understands it. And a quick little snippet about Bitcoin may be hitting a wall of profit takers around 19.5. So we'll get to what's going on in the market, but first we have to do the 12 days of Christmas. So the 14th is behind us. We've already drawn four winners for the stonebook, congratulations to everybody. I think they've all contacted me so far. So we will get your stonebooks out ASAP. Now today is the 15th and we're going to do a nice little drawing of our second ledger Nano-X. We've already done the drawing or done the video for today for the first ledger Nano. And let's just take a look at what it was. So this one was actually pretty funny. So we did a quick video about PayPal and I talked about it as like the most bullish video I've ever done on Bitcoin. It really was. It was amazing about what's going on, not just with PayPal, what's going on with the stock prices and how I believe that institutions and really corporations are going to start to flow them a win. So in that video, I had people do two things. I had them just to comment on, just to say ledger. And the second thing I wanted to do was just to say one kind of phrase that I usually use on this channel. I gotta tell you, I gotta tell you, that's one of them, that it was pretty funny actually to take a look at all the different comments. And I'm just going to today when we did the Nano ledger, I mean the stonebook, I went all the way down to the very bottom. So today I'm going to go to the very top. So let's just flip down. Courtney Smith, congratulations. You are the winner. So she put ledger and then watch out XRP pay the quarter. That's pretty funny. One of my favorite jokes. Now I can't say it because XRP is at like 49 cents, which sucks. But yeah, that was it. And I have to tell you, I gotta stop saying it, but it is funny when I just take a look at all the things that I say all the time. Tether who cares? It's just a Tuesday in crypto land. Tether's Tether. I want a ledger. And Ryan's pretty good. Potato coin, potato football. That's classic potato foot coin, very penny. So today the same thing. What I'm going to have you do is just comment ledger and just call out one of the usual phrases that I say. And then I will do the drawing tomorrow for tomorrow's video. So again, to Courtney Smith, congratulations. If you would be so kind, just reached out to me either on Twitter. If you follow me at news asset or just go to Dan teachers crypto.com. Click on the contact button and then send me your email. We'll verify it and we'll send you out. Sure. No ledger X. So again, I want to say thank you to Nano ledger for supporting this giveaway. If you are still looking for a ledger, take a look in the description of this video if you don't win today and go ahead and pick one up for 20% off. So all right, let's go on the market. So today it is December 15th and we've got what is it? Ryan 12, 12 p.m. High noon. A thousand Texas time. So Bitcoin 19 five and we're going to go over this specific article that says that there is a cell wall at 19 five. So we'll see if it can bust to that. I don't know, but it's up almost 2%. That's great. Ethereum at 590. I like to see that XRP watch out 47 cents. And after that spark snapshot, it did take a little bit of a tumble and we'll see if it can rebound up to whatever people think is going to go a dollar, five hundred dollars. I don't know. Tell this to the only case Bitcoin cash. Wow. Hey, Bitcoin. Wow. Bitcoin cash at 9%. Holy smokes. I didn't, I never look at the prices before I do the video. I just pull up coin gecko. So it's always surprised when I say like I'm surprised, like I'm surprised. I, it always shocks me when I'm like, look at the prices. 6.4 for the polka dot. And that's pretty good. 3.2 for Bitcoin. That's, I don't know why it's in the top 20. Someone explained it to me 2.4 for NEM. NEM is always up there and then OKB 3.5. So I'm going to give the top 20 if your coin is in the top 20. Well, maybe you should work harder to get there so I can cover it. All right. So that's the price in dollars. Let's see how it would do if you would have done this in Bitcoin. So we'd like to take a look at this because we want to see if the alts are competing with Bitcoin. So if you would have invested just in Bitcoin, you'd have been OK. If they're able to down by 0.6, not a big deal. XRP, four and a half down, Tether, that's whatever. Bitcoin cash, you would have been a big and this is one of those things, you know, Bitcoin, Bitcoin cash. Well, if you would invest in Bitcoin cash, you know, pretty tremendously. Another one, 4.6 for polka dot. 1.5 for Bitcoin SV, 0.8 for NEM, 1.8. And then down you go, 1.4, 3.5, whatever. All right. So really, it just comes out of this. Bitcoin's not the end. I'll be all and we're going to talk about my portfolio, why I've invested in certain things, and I do think Bitcoin is going to be very well. But as always, diversify. All right, let's jump into today's top stories. First up, this was kind of concerning. I took a look at this and it was a survey and people that were questioning were like, yeah, Bitcoin's maybe 50 K by 2030. And actually more people thought, well, not more people, but a lot of people thought that Bitcoin is going to go to 1,000 in 2030, which I thought was crazy. But let's take a look. So this was a survey done by Genesis Mining. And this was it was a thousand current and former US based Bitcoin investors. So they all been the US and they all had invested in Bitcoin. But remember, it is a thousand people, but that's a that's a pretty good sample size. It kind of gives you the the light of the land about what people would actually think anyhow, two thirds believe Bitcoin is a better long term store of value than the dollar. So when we first start to talk about this, you've got to take a look at where's people's thought processes as far as Bitcoin. Do they think it's like just a crazy, ridiculous type of investment? I don't think they would because they're being surveyed by Genesis Mining and where they think it's actually going to go. Half of respondents believe Bitcoin will beat out gold, real estate and the stock market over five to ten years. So these are people who, you know, a lot of them think it's going to do pretty well. But here's what they said. Only 17 percent of those surveys predicted that Bitcoin's price would exceed 50,000 by 2030. I'm going to tell you, I think Bitcoin's price will exceed 50,000 by 2021. And my prediction is very conservative. I think it's around 150,000. Between 100 and 150,000. I know some people will say it's going to be 300 to be 500,000. Sure, whatever. I mean, if it is, I'll be I'll be glad to be wrong. Trust me. But that's where I where I say it. But these people are like, no, no, 50 grand by 2030. The question is why? Why do they think that? So in total, 50.1 percent of respondents estimate that Bitcoin will be worth 20,000 or less by 2030. And then one third predict the price will be 10,000 or less and almost 12 percent think it's going to blow a thousand. OK, see, that's just it. That's this is what makes the whole world go round. Differences of opinions. And you can see that in the comment section of every one of my videos. There are a lot of people who have a lot of different, you know, thought process as far as what is going to happen in the cryptocurrency digital asset world. And I welcome all those opinions because that's kind of where we kind of find that sweet spot of where people believe it's actually going to be. So the real question, again, comes under why? Why do they think that? What are they scared about? And I can understand it because what they expect is Bitcoin to be hindered by regulations. That's the first thing. And then a lot of them are one fifth anticipated outright bans on crypto from government. So I want to break these two down first, then we'll go to the other ones. But when you talk about hindered by regulations, yes, they see Bitcoin can't be hindered by regulations. Exchanges can be hindered by regulations. But Bitcoin itself, again, you have to shut down the whole Internet because there's over 10,000 nodes of computers across the world. So good luck shutting that down or regulating that or regulating the Internet per se. That's not going to happen. But exchanges, yes, they could. And like I've always talked about, you can have one country. Let's take America. They say, you know what? Exchanges, no more cryptocurrency, which would be crazy. I mean, come on. But let's just say they do no more cryptocurrency. We can't have that. I mean, look, U.S., back in the thirties, banned gold. They pretty much collect all the gold. And that's exactly what happened. It's a historical fact. And these are one of the things that I think is like a dark spot of America. So when they have something like that, could it happen? Sure, will it happen? Probably not. But I mean, who knows? But if they do that, other countries are going to say to themselves, well, great, well, we know where this is all going. So we are happy that you did that because we'll lie you over here. And then, of course, you can do a VPN and you can transact over there and do whatever you want to. So if America does that, I first of all, I think they will because that'd be stupid and then they would fall way, way behind in the digital asset race. And then, of course, the other countries can go, well, we're going to use Bitcoin and we're going to sidestep all your sanctions because we're not going to use the US dollar as a world reserve currency. And China and Russia are just, you know, chomping at the bit to not have that happen. So that would be a bad idea. And I guess it kind of fits in both of those hindered by regulations and bans on crypto. So because if I really took a step back and talked about hindered by regulations, I mean, look, you have New York State, which has some of the highest regulations that we have in the United States, and people are still able to get Bitcoin. They can't get a lot of other things like Cardano. Believe me, I see it. I think it's going to be more down to the case of the alt coins having the issue as opposed to Bitcoin. That's how I see it. And the next part is 70 percent of non bullish respondents expect another crypto or a central bank issue digital currency will capture a dominant market share and supersede Bitcoin. And I would have said yes to this. I would have said yes to this. If America had picked up the pace and years ago in 2017 started to go, you know what, we're going to do a CBDC and we're going to roll this out as fast as possible because we see where things are going, but they didn't and they lost momentum. And now people are going to get used to something. They're going to use to be able to use PayPal. They're going to be able to be used to use other banks and maybe some of their stable coins. But I think really PayPal is going to be the big one because they're going to be able to purchase different assets. Also going to be able to purchase different things on the manufacturers or on the different websites, all the merchants, which is 28 million plus around the whole PayPal ecosystem. So if that happens, which it will in Q1 2021, people are going to use that and they're like, why would we go back to using Fiat and a digital dollar because this stuff works just great. Oh, and guess what else it works great for? It actually appreciates. So I know with the dollar, you guys keep printing that and the actual purchasing power goes down. I think I'm going to stick with what I got right now. The flip side of that is I think there's a problem with when people use PayPal too much and they get used to the paper Bitcoin. That's why they need to understand the whole ramifications of using Bitcoin and where the actual power lies. The power doesn't lie in the centralization. The power lies in the decentralization of this cryptocurrency. And hopefully they figure it out. I got a great website, Danny's Crypto. They can learn all about it, but hey, I can only do so much. And the next one, just talk about how the hype will die down and there's not like a real practical use case for Bitcoin. So I'll talk to the practical use for Bitcoin. There is no practical use. It's a store of value and that's about it. It's just like gold and people say, well, we can put that in jewelry and so on and so forth. Sure, but that's not what people buy gold for. People buy gold for as a store of value and they just hoard it and they sometimes they trade it. But mostly they just hang on to it because they don't want to have some kind of like catastrophic event. And that's fine. And that's what that's where the value comes from because they take it, they hoard it, they don't sell it and the price goes up. Great. Same things to be with Bitcoin. They're going to hold as a store of value. People aren't going to spend it that much. That's just the way it is. That's why I think PayPal did what they did. Bitcoin, Bitcoin Cash, Litecoin and Ethereum, because they know that people aren't going to pay for Bitcoin so much. And then as far as the hype cycles, we talked about this yesterday. This is on my Twitter account. I think I pinned it at the very top so you could find it pretty simple. But as far as hype cycles, it really comes down to four things. Having all-time high dip reset or space. So 2012, having all-time high dip spacer. 2016, having all-time high dip space. 2020, having all-time high dip in 2022 and then spacer in 2023. So it's the same thing that's been going on, but it's only been getting more and more and more. I mean, if we take a look at Bitcoin, the price just goes up. I mean, the all-time high in 2013, it was about a thousand. All-time high in 2017, it was about 20,000. That's about 20x. So in 2020, I mean, who knows? Again, I always think it's going to be a 10x. So maybe 100 grand, maybe 200 grand. But I think it's around 150,000. So as far as hype cycles, I don't see that actually happening. So let me know what you think in the comments section. Let's move on to our next piece. Next up, this was fascinating because when we just talked about regulation and the government stepping in, this is why I'm excited about this lady. She came in as a course. It is a Wyoming senator. Everything great happens in Wyoming as far as cryptocurrency. So Cynthia Loomis, the incoming Republican senator, appeared on the popular Bitcoin podcast called What Bitcoin Did. I like that podcast. I don't want to do it that much, kind of long space, but it's got some great information. And really what it does is it lets us peer into the mind of people who are in Bitcoin, especially this senator, Ms. Loomis. And it was pretty great because she talks about that she's a libertarian, which is that's the original, that's the OGs of Bitcoin. OGs, original gangsters for people who are outside of the United States. And they're the ones that, like, you know, libertarian anarchists, those are ones like, we like Bitcoin. Now I went to retail and now it's coming into institutions, which I think will bring us way up. But she believes that Bitcoin would turn out to be a backstop for nations when everything crashes. What does she talk about? Well, she says here, if we reach the point where we have ourselves so much that things start crashing down, the black swan event occurs, there is a backstop available to every government. And that's Bitcoin. And it makes sense, right? Because if you're going to have a bunch of quantitative easing with central banks, they're just going to keep printing and printing and printing. And then the dollar or the euro or whatever they're printing, the purchasing power goes down and down and down and down. But Bitcoin doesn't happen. You've got 21 million and you're stuck at that. That's it. And actually you don't have 21 million because you're going to have 21 million. And it's going to take a long time to get all the way out 21 million. Plus we've already lost between two and six million because people have thrown away their hard drives back in the early days. So it is, it is a great thing. And it's not just you have one Bitcoin. Remember, it can be a hundred million Satoshis for one Bitcoin. So if you're not familiar with it, I think it will like pennies to a dollar at a hundred pennies to a dollar. There's a hundred million Satoshis to one Bitcoin. So there's a lot to go around. And I think as time goes on when someone says I want Bitcoin, I'm like, wow, that's crazy. What do you like a trillionaire? That's just that could be who knows. Anyhow, she believes that Bitcoin can work alongside fiat currency and acts as a store of value, which I think is pretty interesting. So you're going to have both of those. So the dollar is kind of like the every the everyday transaction by your cup of coffee. And then Bitcoin's going to be the store of value. Sure, I can see that. Why not? And this is why I know she knows what she's talking about. Loomis was among the first selected few politicians to oppose the recently introduced stable act posed by commerce. Congresswoman Rashida Tlaib, she made it clear that the current provision in the act made it a regulatory capture against the free market. And she states, I'm not in favor. This certainly won't help the unbanked. I believe in competition, not picking winners and losers. We did a video about this before. I thought it was a great opportunity for Brian Brooks of the OCC to sit those people down to say, Hey, look, you guys, this is what really is going on. Let me educate you on crypto and digital assets. And, you know, hopefully that can still happen. But that's why I like Ms. Loomis here. Looks like she knows exactly what she's talking about. And the reason I know that is because she says stuff like this. In the case of yours, currency inflation is baked into the Federal Reserve's plan for the US dollar. So it's no wonder that our buying power is eroded. And she's right. I think you've probably seen this on my channel a couple of times. But this is the purchasing power of the US dollar from 1913 to 2013. So this one, the Federal Reserve is created up here. And then look what happened. Went all the way down. Then 1933, executive order makes it illegal to hold going. Gold coin, which we were just talking about, where they took all the gold back. Then Bretton Woods said, Hey, let's make the dollar the US or the US dollar, the reserve of currency in the world. That happened. And then it just kept going down because the Federal Reserve kept screwing around. And then, of course, now this is in 2013. It's worth about a nickel as opposed to a dollar. And I can tell you right now, it's a lot less than that. So I believe that Ms. Loomis here knows exactly what she is talking about. So to finish up, Senator Loomis promised that she would spend most of her time educating her colleagues on why Bitcoin is a future and why the government needs to work towards an inclusive regulatory policy. We need more people like this. So I would just like to ask you for one thing. If you could go over to Twitter on my you can either you can either follow me or follow Ms. Loomis, but I have her link as far as like her profile and just give her a follow because I think she's one of the great ones that could really do a lot of good for our space. All right, let's move on to our next piece. Last up, this is very quick. Bitcoin could hit a wall of profit takers around 19 five. There's a lot of analysis and a lot of charts and things like that. And it just makes me fall asleep. So I'm not going to cover it and just going to say that this they think it's going to hit around 19 five and we're going to keep hitting 19 five and go down, hit 19 five and go down. That's the whole article. OK. So actually, I did a real a real quick search for buy seller orders Bitcoin. And this is what I found, which was pretty impressive. These are the ads that come up. PayPal, Robinhood, eToro, CoinZoom and one of the big flies on it. But they're all ads. So if you've ever worked with Google AdWords, it's super expensive, especially in the finance market. You could be paying per click up to one hundred bucks per click per click on Google AdWords. So when I see big companies like PayPal, Robinhood and eToro is always doing it. I know things are changing because they're dumping a lot of money into it and they want those people in like crazy. Just like when cell phones came about, you didn't see ads for cell phones that much. Well, now it's not about the cell phones. It's about the carriers. It's about Verizon versus AT&T versus cricket or whatever else is out there. And they all want you to come in there and use their platform. And it's the same thing right now with crypto and digital assets. That's why PayPal, Robinhood, all the big players are going to get in right now and they're going to buy up a ton of ad space. And I would not be surprised if you see an ad for crypto in the Super Bowl. All right. So let's see if that 12 five prediction holds true. Remember today, where were we at? It was about 12 501. I think it was somewhere around there. Yeah. Well, now it's 12 513. So let's see if they're right. And that is it for today. So remember, don't forget to comment below ledger and then put in some kind of comment or phrase that I usually say, and I'll draw it for tomorrow's video. So thanks for watching all the way to the end. I appreciate it. And I was going a little bit long. I apologize. A lot of great information out there. A lot of good bullish stuff. And that's it. So thanks for watching. If you like these types of videos, there's going to be two ones going to pop up on your left and right. Not sure, because YouTube has all the magic and I'll let them do their thing. But that is it. So thanks again, and I'll see you on the next one.