 Welcome to Digital Asset News to get top stories in cryptocurrency and digital assets and a big amount of bite-sized pieces. So today we've got some pretty great news as the crypto markets continues to dominate. And first up, cryptocurrencies are now worth more than the American banking system. So let's take a look at what's going on with all this great news on top of the fact that now that cryptocurrency is actually caught up, now we're going to see more of the institutions like Goldman Sachs go, you know what, I think this is something we should really get into. On top of that, we'll take a look at what's going on in XRP as it hits a two-month price high in the wake of an Ether rally. And that's really not the big news. The big news is that the strong hands of the XRP community really has led to this fantastic surge. So we'll take a look at what's going on there. But first take a look at what's going on in the market. Before we do that, just to talk about a couple of things, we are back from Puerto Rico. It was a fantastic trip. If you ever have an opportunity to go there, it is a great place. It's beautiful. It's nice. And right now, as far as property goes, it's just really just blowing up everywhere. So I'm going to do a video about the ramifications and all the things you really need to know to actually, if you want to move over there, tax benefits going from like 30 to 50% taxes to 0% to 4%, how much time you actually have to stay there, all the legal document, the paperwork and everything else. And I'm actually going to bring in people who live over there and people you can talk to as far as like real estate agents and even people to get the paperwork going. So I will put that all together, of course, for free. And it'll be on the YouTube channel on top of. We'll put it over there at DamTeachersCrypto.com. Again, 100% free website. If you haven't checked it out, please do so. So we'll do all those things. And that is the first part. The second part is you notice that I do not have any earphones in. Finally, got this SM7B microphone and an actual arm that holds it. So now I have to just hold the darn thing and actually use my hands and express myself on the good stuff. So this will work out hopefully. And if it does do its job, then we'll stick with this microphone. Anyhow, this is what's going on with the markets. First of all, the market cap is, it was at over $2 trillion. So congratulations. We made it. We did a $2 trillion market cap. And imagine, just a year ago, everybody was talking about how cryptocurrency was dead. Digital assets were going nowhere. You had some gold bugs who were just dancing on the grave of all of us and going, you guys were morons. Well, who's laughing now, sucker? And it's going to only really increase as time goes on. Not financial advice, of course, for entertainment purposes only. But if you're just getting in right now, this is a fantastic time to be in crypto and digital assets. So right now we dipped a little bit, $1.97 trillion. And like I've always talked about, as long as there's people out there who are, you know, need to take profits or who like to manipulate or who are just plain out greedy, you're going to see these fluctuations. This is normal. This is okay. 10%, 20% is a big deal in traditional markets. Of course, in crypto markets, we call that a Tuesday. So nobody cares. All right. So here's what we got as far as the market and what is going on. Let me do a little close-up real quick so you can see what I'm talking about. So Bitcoin, 583, kind of hovering around that price point. It went above 60, but it couldn't really maintain. But here we are. Ethereum is doing a fantastic price rally, 21, 27. And you know, hey, pretty good. Seven days is up 50, 15%. Bitcoin is down 1%. But if you are heavily investing in Bitcoin, Ethereum, this is great, right? You don't really care because you're like, oh, it's going up. If you are new to this, I can't tell you what to invest in, but always look a little bit further down in the charts to see what kind of fantastic gains you can get. And everybody's goals are different, and we've done plenty of videos on those. But this is some of the good stuff. Like Binance Coin, 31%. XRP, 71%. Tether, nobody cares about that. It's just a stable coin. Cardano, 4%. But still, hey, what are you going to do? Polkadot, 26%, 9%. Everything is up. Let's just call a spade a spade. Anything down? Jesus, we should be talking about 10% for Theta token. But again, Theta had a great run. So can't discount that. 152% for BitTorrent. Let me say that again. 152%. So BitTorrent is one of those Tron projects, and it's supposed to do really great things as far as file sharing and file and all that good stuff. But the thing with BitTorrent is what's really led to this massive run. There's a couple of things. One of the big things I heard is that it's almost got like 900, I think it's like 900 billion market supply or 900 billion token supply. So check me in the comments, but they just burned 300 billion worth of tokens. So of course, you have the same demand, but you have less supply, then the price will go up. So that's a good move. That's actually one of the, as I call the XLM stellar move. They did the same thing, and their price went up as well. This was a while ago though. So everything's up, looking pretty good. 50% for EOS. What the heck? You know it's a crazy day when EOS is up. And I make fun of EOS because I own EOS. And I think it's one of my crazy holds. And then let's click on the projected range for trade the chain. If you're looking for trade the chain, the link's in the description. If you use sentiment analysis and gives you 90% accuracy about what it can potentially do in the next hour or four hours and so on and so forth. So if you're a trader, I'm not, look at Helium, Rory, Qtum, Alpha Finance, Omisego, Gas, Venus, Verdecoin, Digibyte, those are the ones that can potentially go up massively over the next hour to four hours. So that's what's going on the market. Let's break into today's top stories, shall we? All right. Love these stories. I love these stories, not because it really changes the mind for us. We already know we're at. What it changes the mind is all the people that have been left behind and lied to and bamboozled by saying, hey, this crypto and digital assets is just a fraud and a scam and everything else need to stay away because all the money laundering and all the cartels use it. So when you have something like this, it just reinforces people going, Oh, wait, this is a big thing. And then when we start to see like these big traditional players come in and like, Oh, they screwed me again, and they lied to me. And this is why I like these stories because it shows people, it's okay, come in the water, everything's fine. So cryptocurrencies now with more than American banking system. All right. So as the title suggests, the total crypto market has surpassed the value of the S&P composite 1500 banks index with tracks, the performance of publicly traded banking institutions in the US. And I want to blow up this picture. Not because I like the brag. I mean, I do like the brag. I'll just I'll tell you that's the truth. But what I'd like about this, it's kind of hard to see is that you see right here, 2017. This is the total cryptocurrency universe market value. And that's pretty much when I got into it, you know, 2018. And if you take a look at it, you know, 800 billion. Oh, that's a nice, you know, good for you, Timmy. That's a that's a pretty good valiant effort that you did. But look at how far above all the the banking systems in America were as far as like this S&P composite. They're like, that's nice. And then of course, it just crashed the ground. Everybody's like, haha, you morons. So when you see something like this, you're like, you realize just how small that big, huge play was back in 2017. Because I mean, that was a big one when I came in. And then just kind of crashed the ground. Of course, these guys went to, you know, their basic levels. But as time went on, you can see here, 2019, I mean, there was a dip, everybody took a big dip, right? And then we have a little bit of a surgeons. But still, there was way above us, right? But then look at this, looking 2020, when that huge, ginormous crash came about. This was because of the coronavirus pandemic. And I don't want to want to hear about if you believe about it or not. I don't really care about that. What I really care about is that the news shaped the markets. And there was a huge enormous drop. And there was a drop here, we felt an cryptocurrency. But look at that drop in the banking sector, holy smokes. And then here we are. And here we are. And before you know it, bang, we're above everybody, we're above this system in the banking system. So when I take a look at that, first of all, it says to me that the banks should have been paying attention, but the banks aren't innovators. Let's just be honest. Once the last time you went to the bank, you're like, hey, we got this really great thing that's really going to speed up the whole process. It's going to be really great for you. It never happens. Banks kind of suck. Not bank employees are great. But the banks themselves, especially the ones at the top, the ones that kind of shave everything, they're kind of stuck in this big huge slog. And they really can't do too much. So when cryptocurrencies, as well, as really start to catch up to them, it's already too late. The same thing happened with Netscape Navigator. Same thing happened with Blockbuster. The same thing happened with MySpace. Fill in the blank of any technology that really came over and just ate everybody's lunch. Same thing happened with Airbnb and hotels. Before you know it, if you don't pay attention to the competition around you, you just got Blockbuster. And that's essentially what is happening here. And now the banks have put on notice and I think they're really feeling that crunch. So this is what we have for just this little snippet here. And it just makes you realize, hey, we're in the right place at the right time. Anyhow, to finish this up, despite this declining dominance, Bitcoin alone is still now worth more than JP Morgan, Chase, Bank of America, and Wells Fargo combined. So if we take a look at the total market cap, roughly 2 trillion, Bitcoin is like 1.1, 1.2 trillion. It's still bigger than all these banks combined. So when they were talking about how it's a fraud and a scam and everything else, well, first of all, they were still doing things behind the scenes because they don't want you to know, because that's not how the banks make money. And of course, this all happened and that's okay. The smart ones, the ones who took the time and did their own research, they realized, hey, this is a great opportunity. So now they're like, well, now it's public and we can't keep the genie in the bottle, so we better get in front of it as fast as possible. But the train kind of left the station. A year ago, for comparison, the whole crypto market cap was smaller than that of JP Morgan, largest US bank. And now here we are. So what's next? This is the interesting part to me. If the crypto market cap doubles from here, which 2 trillion to 4 trillion, not a, I say it like it's not a big deal, but I'm telling you right now, my price prediction for Bitcoin is 150,000 by the end of the year. And we talk about the analysis and why that is totally doable. And it's not a big thing. So right now, you're looking at 60,000, right? So to double and be 120,000, I think we can hit that wouldn't be a big deal. It will surpass the value of all American financial companies, which includes brokers, exchanges, asset managers, and finance and leasing companies. But you have to understand one more thing. When Bitcoin doubles, it pulls all the altcoins along with them. And if we take a look at what happened in 2017, actually, altcoins will outpace even Bitcoin itself. So to hit 4 trillion, 5 trillion, I don't see the problem. In order to eclipse all financial companies across the globe, the total crypto market cap will need to quadruple. So 2 times 4, let me do some quick math here. That's $8 trillion. And again, do I think that's doable? Yeah, sure. Because look at gold. Gold's been around for a long time. I own gold and silver. So don't beat on me when I say what I'm about to say. And that is that this. Gold has a $12 trillion market cap. And what really does gold do? Well, it's a great store of value. Been around for centuries. It's been around since the beginning of time. And it'll be around after you and I are gone. However, it doesn't really do a ton of other things that like Bitcoin can do. First of all, and I'm not going to go over it, especially in this channel. But if you're new to cryptocurrency, just go to Dan Tejas Crypto. I'm going to spare you all a bunch of time. And you can just watch the videos on why Bitcoin and gold and why Bitcoin is a little bit better than that. And then off we go. So just like this, I will just say this to finish it up. That is that these institutions and put on notice and now they're going to start changing their tune because they don't get in front of it. They already seen what's happened before. So why wouldn't they really try to steer the ship as best they can before they get left behind? That's okay. That happens. It's all right. Let it happen. Be okay. So on top of that, so we see these, you know, these institutions really start to slide. Now you're going to see this type of stuff. Goldman Sachs CEO expect big evolution in crypto industry all of a sudden never becomes a cheerleader. It's amazing. So this is from April 6 interview on Squawk Box. Goldman Sachs CEO David Solomon said this is a space that's evolving. Sure. I think there will be a big evolution as to how this evolves in the coming years. It's a nice empty statement. Despite significant regulatory roadblocks Goldman Sachs is looking for ways to support crypto for its clients due to an outpouring of demand. And then it goes there are some other things which are just boring. I just want to throw this in just for context, which is if you're a sports team and of course you just get beat up or you dominate forever, right? Let's take like the pistons in the 80s, you know, they just dominated everybody forever, right? And they didn't really have to look too much. Then all of a sudden when the bulls started to come up, think a little bit, a little better. Then when the bulls passed them in that one great game that even shake hands, I think people remember this, some of you who are old like me, then all of a sudden pistons couldn't win anymore. And they had a real hard time because the young bucks really outpaced them. And we'll see this throughout sports. We'll see this throughout businesses. We'll see this throughout technology. And it's very hard to really claw back once you start to get passed over because people just realize what the better thing is. And then it just gives you that confidence to really move forward. So you're going to see a lot more stories like this. And this will convince the people that are on the sidelines going, I don't really know. This will propel them to do these types of things. This is why I cover it. So if you have any stubborn moms and dads and aunts and uncles, even grandparents, you can sell them like, hey, the places that you invest into are now getting behind it. And I think you should really take a deep look into this before it passes you by. Now financial advice, do your own research. I think that's where we're headed. All right. And then to finish all this up, let's talk a little XRP. So first of all, congratulations XRP holders. I personally sold a bunch of XRP because I had to do some, it's not considered washreading, but it is great for tax reasons. And that's why I did, but I bought it right back. And I'm pretty happy today because look, XRP, it's two month high in the wake of the ether rally. And there's a couple of reasons behind this. If you follow XRP, put this in the comments below. But I believe that there was one Southeast Asia or sometimes an Asian bank that was like, we are going to use XRP almost exclusively for a cross body payments. And this was a big thing. A lot of different countries and regions and different banks in those regions have not classified XRP as a security, only in America, in America. So there's a lot of great things happening with XRP as far as positive news. It's like my friend CJ says over at Market Rebellion, always be aware of the asset that should have gone away and should have crumbled, but still sticks around. That is resiliency. And that is what people like to see. People love a winner and XRP is winning right now. So this was actually, you're going to see these types of comments and I just want you to be aware. And it states, we're not seeing anything specific to XRP and the move feels more like an altcoin season type move given outperformance and other tokens as well. Joel Krueger currency strategist at Elmax Digital. And he starts to name things like Tron and see a coin and so on and so forth. And again, like I talked about, there's a lot of good news I think that not everybody knows. And I think XRP is doing those types of things. Will it hit its all-time high this bull run? Who knows? But that SEC lawsuit does hang heavy. With a move to two-month highs, XRP has now completely reversed losses suffered in December after the US Securities and Exchange Commission filed a case against Ripple. And that's pretty much the big story. So I just want to give a shout out to all the XRP holders. It wasn't easy, but you guys did it. And I personally didn't think it would rally this much. I thought would trade sideways for quite a long time and not do anything, but hey, I'm happy that I'm wrong. And that is it for today. So look, first of all, if you made it all this way, I want to say thanks for sticking with me. I appreciate it. If you liked today's video, it would really help if you just hit that thumbs up. Helps channel tremendously. Also consider subscribing. A lot of things we talk about are time sensitive. And that is it for today. Also later today, I'm going to be doing an interview over on Alex Maskuoli's, I won't be the interview, it's over on Alex Maskuoli's channel. We're going to talk to Simon Yao, where you from Stormax to see what's going on. Some big announcement coming on. Don't know what it is. We'll see what is going on, but catch me over there later today. And that is it for today. So thanks so much for watching. I appreciate it.