 Digital asset news that could top stories and cryptocurrency assets and break them down to bite-sized pieces today We got a lot of things to go over first up the head of the world's largest asset manager says Bitcoin can be involved Into a global market asset This is a pretty great story because it goes over somebody who has over seven trillion assets under management also PayPal CEO Dan Shulman is getting even more bullish on digital assets where he states Digital currencies are going to come into the mainstream. The time is now He's gonna give you a time frame and what I think it's going to be because institutions and retail are here to stay on some mixed news Coinbase is helping corporate companies diversify with crypto and they were the ones it is finally revealed that helped micro strategy accumulate 425 million dollars worth of Bitcoin with only minimally raising the price So the question is asked if they can give this much support to institutions at the drop of a hat Why are retail investors waiting weeks and sometimes over a month for customer service? Also, we're gonna do an update on the XRP spark airdrop, which is coming on December 12th And it looks like more exchanges and wallets are getting into the game will give you all the information But first take a look what's going on in the market. So today it is December 2nd It is a 8 o'clock a.m. Texas time again things done early. Thank God So what do we got today? Well a little bit of a tumble and that's just really how crypto currencies is last let's go I mean you gotta you gotta expect that what goes up will inevitably come down And it'll be kind of like a two steps forward one step back sometimes three steps forward and ten steps back You just don't know it's how it works, but Bitcoin is now 1.4 and drop below that 19k Regions so hey that is what it is Ethereum also is dropping, but Ethereum 2.0 did launch without any hiccups that I have heard of so I'm very bullish on Ethereum Look, I don't know what's gonna happen with Ethereum, but I think it's gonna be a real big winner I'm very very bullish on Ethereum plus Cardano One of those is going to be a big winner and the one is going to be a massive winner I just don't know which one it is XRP watch out 3.2 percent down XRP holders, what are you gonna do good for you guys? I mean still when I say good for you guys I mean good for us. I am also an XRP holder. I haven't sold one XRP since 2017 You know what come stupor stubborn, and that's just how it is So it's that 60 cents who knows Michael up to a dollar Michael to 30 cents I don't know tether is sitting at that market cap of 19 billion and look at litecoin Making massive strides in that fifth spot and of course that I think is the PayPal effect PayPal came out a couple weeks ago, and so we're gonna support Bitcoin Bitcoin cash Ethereum and Litecoin and the reason they did it was because there was no issues as far as like what is a security? What's not a security? Well Bitcoin and Ethereum pretty much got a pass and Bitcoin cash kind of does too and Litecoin Really nothing has really been said about it So they said yeah, you're not a security and then they went with those four the next crypto that comes out on PayPal Will have what I used to call the coin base effect, and it will go to the moon I'm waiting for that next coin and when we go into the next article actually the second article We're gonna see how there's gonna be a lot that's gonna be released on PayPal Bitcoin cash is down It looks like everything's down. I mean look it was a heck of a run But even if you just zoom out of like last 30 days everybody's up massively unless you bought yesterday Which is what I did actually I bought yesterday because I dolly cost average in I think it'll be good in the long run But we'll see and then whew Ave one of my new buys is up 14% 30% for the week That I think is gonna be the next decentralized finance project. It's gonna make huge strides So like we always like to do we want to see that's just in the US dollars Let's see how it compares to going with Bitcoin now What we're looking at is how you would have done if you would have invested into altcoins as opposed just to Bitcoin So Bitcoin's always gonna be at zero. So Everything's down. I think I think maybe not Ave, but the theorems down point eight XRP 2.2 So again, if you would have just invested in Bitcoin, you would have done better with everything else You would have gone. Let's see any massive. Well 1% for money Miner was always up actually there looks like a pretty good buy Tezos nem nem is always good file coin 1.1. Yep Ave 15% So again, if you would invest in Ave as opposed to Bitcoin, you've been up massively and 11% for urine. Wow, you're making a big huge gains But that project scares me Synthetics 8.1 10.2 for Kusama. Wow as you get down lower You can see how you could make some huge Zillica is the next project. I will be taking a hard look at mostly because what everybody tells me and also a digital Dave So let's see 10% for Hedera hashgraph. Congratulations 14% for Thor chain. Nice six for list 1.3 3.6 nexo There's something to be said about going down into the trenches as far as going much farther than the top 100 Let's see. Let's keep going Yeah, so you can make some huge gains over here The question is what are these projects? There's so many of us out there and even though it's good for today I wonder what it'll be like in I don't know a week two weeks a month only time will tell Anyhow, that's what's going on. Let's get into today's top stories So first up, this is a quick snippet, but it really does tell you where the market is going institutions are going to pull up the initial investors and they're gonna bring a little bit more stability and cash flow into this market and There's no other place when we look at one of the biggest Asset managers on the planet, which is BlackRock and this is their CEO This is Larry Fink and he said in an interview on Tuesday There was a conversation with the former Bank of England Governor Mark Carney at the Council on Foreign Relations and Fink said this That's a Bitcoin had caught his attention as well as Wall Street He states that cryptocurrency could possibly evolve into a global market asset offering a rare positive statement So really what it is if this would have happened in 2017 people would have lost their minds They would have lost their minds because institutions weren't here This is like commonplace and I think these are the types of stories that we'd like to see and need to see To just to reiterate that we all made pretty much the right choice Getting into this market because it's it was a quite of a bumpy ride for the last three years But we saw where it could go. We believed in it We may have you know put dumped a bunch of money in or dollar-cost average like myself But you know these are the days that we really relish but really to take a look at what he said exactly he states These big giant moves every day. It's a thin market can evolve into a global market possibly And what he's really saying is all these different giant moves. We see these giant moves It's whales can manipulate this market till kingdom come because the market is so small and it's only 530 billion dollars, which seems like a lot to the average person, but we take a look at the global economy. It's nothing It's nothing at all. So when he talks about can evolve into a global market possibly This is just good news because it's on somebody's radar And when you start hearing more things and more things and more things all people are the exact same They really don't get into it until they hear about it and do a lot more research Even in sales, you have to see and hear about something seven to ten times before you make a purchase Unless it's like something that you totally, you know, absolutely need like you're bleeding out somewhere You're gonna definitely just say give me that gauze bench But if you're looking at some other type of asset, obviously you have to see a little bit more things a lot more time So this is on one of the largest institution financial institutions radar So that is good news and this is on top. This is the CEO now that the CIO the chief investment officer Rick writer he Last month speculated that Bitcoin could take some of the shine off of gold possibly one day Rivaling, you know gold itself and we had talked about this yesterday and yesterday's video where we took a look at some Instances where people were selling their gold off to buy Bitcoin on top of Raul Powell who said he got out of all of all of his gold ETFs and Put it all into Bitcoin Ethereum. Also, Daniela over at Stansbury research She said that she had reached out to people who were in the industry in the bullion markets and said that yes They've seen a lot of people who were selling their gold to get into Bitcoin now Whether this is actual bullion or this is actual ETFs. I think it's mostly ETFs Remains to be seen but still it still means that money is flowing out of one asset class Into a better asset class. I mean, I shouldn't say better asset class, but you know what I mean So that is what is going on with the institution side Let's take a look what's going on into the other area, which is PayPal So this is Dan Shulman PayPal CEO and he states digital currencies are going to come into the mainstream the time is now So before we get this article, I would just say this if All the different cryptocurrencies that they're offering in PayPal if it didn't start off with a huge bang He would not be saying these things. He would not be pushing the issue It would be a non-starter because they're like we're in the business of making money not losing money So if this doesn't really start off like fantastic, then we'll just kind of kick the can on the road and see what actually happens But because there has been so much demand because they are making so much Or they know they're gonna make so much in the fees actually right now You can buy cryptocurrency for free on PayPal. I think until the end of December. So that's an option if you're into that but what's what they're seeing is that there's so much Transactions being done and you can see it as far as like their partner who is Paxos Paxos has their own separate exchange We covered the story before and there was a huge spike in the amount of crypto that was actually purchased on that exchange So they're looking and going wait, I think we just got a goldmine. I mean forgive the speech But that is what it is. So this is why I think this is huge But I think it's going to get even bigger because right now Only us residents can purchase cryptocurrencies on PayPal not globally. That's not gonna get rolled out until Q1 2021 so they were talking about pushing that way back when they first of them as they said well We'll dabble a little bit us now. It has gone such gangbusters are like, yeah, we're going to Accelerate that we're gonna do that as fast as possible and as a matter of fact even the US residents weren't supposed to buy this much until next quarter But it did that's so much demand. They said hey, let's just open the floodgates and here we are So Dan states this as we thought about it digital wallets are a natural complement to digital currencies We've got over 360 million digital wallets or users and we need to embrace crypto currencies And he's right I mean he's they were the ones to really just kick off the whole online payment situation and of course There's no better Way to evolve into that than the actual cryptocurrency is which are the native currency of the internet So why wouldn't they embrace it on top of that? Of course? They're gonna make a lot of money in all the different fees So it's just a win-win now There is one drawback to all of this and we talked about this in the very first video in the very first module over at Dan teaches crypto.com which is a hundred percent free website for all the things you want to know about Cryptocurrency assets and in this video We break everything down as to the problems with going through PayPal because you can go through PayPal That's fine But you will not be able to custody your digital assets and for people who are uninitiated or don't really know they're like who cares I'm just gonna treat this as a stock and just buy as a paper stock and then I'll sell it when it goes up So why do I need to actually custody it and we talk about all these things in this video? So this is like the main thing I wanted to get to to people because let's be honest There's a lot of financial illiteracy out there and they don't understand I mean, I didn't really understand everything until I got into cryptocurrency and I'm like, oh, that's the reason why it's so important to have Decentralized blockchains cryptocurrency digital assets now. I get it. So Dan also states that Crypto will become an everyday payments tool and spoke of the facts of the global pandemic has accelerated a number of trends including consumers abandoning cash and actually Kevin O'Leary From Shark Tank was on Anthony Pompele honor show and he talked about how his businesses things have been accelerated so much by 36 months He's got a lot of retail shops He says they have been closing down and at an accelerated rate and their consumer or business to consumer model has been accelerated by three years Just because of the pandemic So when these types of things are talking about this really accelerated everything and especially crypto assets So moving down, this is what's interesting and this is how I know things are going at an accelerated rate And it's going to only pick up speed as time goes on because Dan says Parts of these things run the roadmap road map and parts were not we were going to provide the capability for our customers to buy sell and hold Cryptocurrencies Inside the PayPal wallet because we had done market research and something like 54% of our base wanted that Capability what we hadn't had in our roadmap is the ability to use cryptocurrencies as a funding instrument To purchase at any of our 28 million merchants We move that up because once you buy crypto you'll be able to use it both as an investment vehicle But as a funding source to make other purchases and this is huge because they didn't really have this on their radar But then as they offer all these things people like hey, I'd like this I'd like this I'd like this and it just accelerates everything so we're on a breakneck pace to hit all-time highs I believe this is what I like to see as the far as like where we are now and where we're going Because he states look in the future Shulman said he sees or dance as he sees digital currencies becoming mainstream mainstream I think that if you can create a financial system a new and modern technology that is faster less expensive more efficient That's good for bringing more people in the system for inclusion to help drive down costs to help drive financial health for so many people Over the long run, I'm very bullish on digital currencies of all kinds and this is the exact same thing I talk about with banks. I say banks need to evolve or else they will get blockbustered This is going to happen because of companies like PayPal because it's going to move over into Venmo Because even Google was talking about creating a bank and if Google creates a bank guess what's on the next horizon? Crypto assets to be included into that so don't you think that banks would be like wait We still are using the Swift system where it takes two to three days sometimes to transfer cash around the world Which is ridiculous. We also have all about ridiculous fees. People don't trust us. We're in a bunch of scandals Why would people still want to use our typical bank when they can go someplace like this? That is the big question. Let me know what you think in the comments section Let's move on this one gives me mixed feelings and I'm gonna tell you why in a bit So coinbase is helping corporate companies diversify with crypto So micro strategy if you've been if you're not if you're new to this this area I just know that micro strategy. It is a data analytics firm located in California and they purchased $425 million worth of Bitcoin in August I believe it was and it's now worth like 650 million So they look like geniuses and the whole speculation was like how do they buy so much Bitcoin? Without moving the price because if you buy 425 million in one shot obviously to go to the moon, right? Oh, well not moving but it'll pretty go pretty high But it didn't move over this this whole time or during during that time So what the heck happened will now we know it was coinbase. So coinbase states in this little blog post We're excited to announce that coinbase was selected as the primary Execution partner for micro strategies 425 million purchase of Bitcoin earlier this year using our advanced Execution capabilities leading crypto prime brokerage platform and OTC desk We're able to buy a significant amount of Bitcoin on behalf of micro strategy and did so without moving the market So great job for you guys Micro strategy chose coinbase because of our market leading tools Include smart order routing and advanced algorithms as well as our white glove sales and trading services Our system takes a single large order and breaks into small pieces They're executed across multiple trading venues this type of smart order Routing minimizes the trades market impact and helps disguise the overall trade size. So where do I begin? So, let me just say this I Own businesses and I applaud any business that is looking to gain an edge and To use all the resources that is available to them legally to gain a Strong foothold and a market or to reduce costs good for you happy for you And I will not take anything from away from micro strategy They are really one of the catalysts for other businesses getting into this space. So congratulations and coinbase I can't even blame them because they were presented with an opportunity to partner with a pretty big company and they took it and They executed flawlessly and I have no problem with with either of those. I really don't it's just that when I see Other things going on in the background when I see massive outages happening again and again again when I see a report like this where Coinbase reports more delays in processing withdrawals due to network congestion when I hear about the stories about people who either direct message Me on Twitter or they put in the comment section about hey, I'm having problems with Coinbase I can't get anything the coin the customer service is awful. I've been waiting three to four weeks for a response That's unacceptable and just between us no one's watching no one's listening. It's okay Just me and you I've talked to some CEOs of other Organizations that are in the cryptocurrency space and I will just say this that they've all told me the same thing Look Coinbase has moved on. They are not here for retail. I don't know why you guys don't get it They are here for institutions and that's just the truth. So I mean obviously I didn't say it exactly like that I'm just putting in my own little spice, but that's really what's going on. So for retail investors I just don't think that Coinbase there's a place for us I think if you're just coming in sure, but I think there's probably better places to go And then if you're stuck in New York and it's the only game in town Hey, it's the only game in town But I'm just telling you that if you're outside of that especially outside America is a lot better place to go And that leads me to my last point which is I'm not gonna recommend anybody to use Coinbase or Coinbase Pro On the exchange of wallet fees I can say that it could be a last resort if you have nothing else going on and like everything has you know Totally collapsed sure use Coinbase because it's the only game in town But this you can find a link in every one of the description of my videos But there's some much better options and one of those I personally like is Voyager Voyager is great because there will be no exchange down times because they're a brokerage they work with a plethora of different exchanges and To get you first of all one of the best prices second of all is if one goes down who cares they got another tend to work with so That's why I use Voyager all the time now just to be transparent Just so you know all these are affiliate links up here So if you want to sign up for Voyager you get 25 for you 25 for me Celsius 20 for you 20 for me and then off you go for all of them and there's some that I just don't recommend like eToro I won't get into that I just don't recommend them. I don't like them and I don't like what they're doing So with Voyager also I think it's only like 40% or 60% of the cryptos You can take off of their their app and the 40% are not able to be taken off And that's a problem and I've talked to Steve a couple of times about this He's been on the show says they're working very diligently and they did get Cardano just a couple of weeks ago to be able to be taken off that platform So you can buy Cardano and you can transfer to any wallet that you want to so There's better options and that's just where I stand right now. Let me know what you think in the comment section Let's move in our last piece. So last up. This is just a quick spark up up drape There's gonna be an airdrop of spark looks to be pretty fantastic and just so you know Kraken put out a tweet November 30th and said hey you're sending to put a spark in your day Kraken plans to support the spark airdrop program Stay tuned which is kind of interesting because just a couple weeks ago. They put out a statement said we're not supporting that So tough luck. We're not doing anything and it's amazing that they were able to do it's quite a turnaround time and Actually support it. So the question to me is Coinbase is not gonna support that so wonder if they're actually will get on it But again, I they're not here for retail Also, Poloni X says the exact same thing and just so you know I'm gonna leave it read the statement. They say we decided to support the spark airdrop for extra beholders on Poloni X X are beholders do not have to do anything at this time and it's the same thing for Voyager. It's the same thing with Celsius It's the same thing with you nano ledger I think you have to do a step for that Don't quote me and then all different exchanges like Poloni X like Kraken You don't have to do anything just leave it there and off you go States we will take a balanced snapshot of all Poloni X excerpt beholders on December 12th And I would recommend you get all your XRP into those Exchanges or those wallets by December 10th Because you don't want to be screwing around and like all I'm trading doing this is just don't miss out Just keep it there for a couple days. Are you that impatient? Come on spark tokens will be then distributed extra beholders When the flare network launches in 2021 it's gonna be a snapshot. You're not gonna get squat until the next year So just so you know also even if you get the airdrops on those exchanges It states we will subject flare network to our listing process and we'll make an announcement at a future date Should we decide to list spark on Poloni X? So even if you've got it there you may be stuck there and that's one of those problems So maybe it might be a good idea to look at the nano ledger and how to put it on there in custody at that way Also, it's from an Anthony over at I trust I trust if you do not know is only one of two companies That I work with they have done paid promotions on this channel in the past and I get requests Constantly to be on this channel and so far I've done two two Crypto trader dot taxes. I think I really gotta do taxes That's just how it is and the second one is IRA because I think everybody should have an IRA some people disagree with me That's okay. That's just how I feel and how what I give to you. These are crypto IRA, which is I trust So with the year coming to a close You only have so many days to really get into an IRA to contribute the maximum amount or else you miss out I think next year will be a pretty big year for Bitcoin and cryptocurrencies So I highly recommend you just take a look at the video that I put out for I trust I'm gonna link it at the very end of this video or you can find it in the description of my videos It looks just like this So if you got a 401k a 403 B or a thrift savings plan or a TSP or any type of account that could be like a retirement account You can roll it over just talk to those guys over there And what's cool about them is unlike Coinbase they are going to support the flare token airdrop for XRP So if you hold XRP in your crypto IRA with I trust they're going to support the spark airdrop How awesome is that? All right, so that's it for today So thanks for sticking me to the very end. They really appreciate it as a nice reminder friendly reminder that danitydescrypto.com is up You find a link in the description 100% free it simplifies is all the train that you want to know the different things about digital assets Cryptocurrencies how to invest how to do your own research and different products that I believe in so go and check that out And that is it for today. So again, thanks for sticking with me. I appreciate it and I'll see you on the next one