 Welcome to Digital Asset News to get top stories and crypto currency digital assets and bring them down to bite-sized pieces. Today, we've got some concerning news. First up, Hedgi risk management CEO sells all of his Bitcoin. And this is just after a week ago, where he said that Bitcoin looked like a long position. So what is going on also? Stansbury Research had on a guest by the name of E.B. Tucker. He's a big gold bug. And what we're going to go over is, of course, how gold stacks up the Bitcoin. But really, the big thing is how everything is going to play out in the next three to six months, which could cause that store of value narrative to reach all time highs. And big news, Theta Network announces video on demand. So what that means for the streaming platform Theta is that they're going to go direct opposition to YouTube. And the question I ask myself is, I have a streaming key. Why have I done some streaming on Theta? We'll talk about that and exactly how to buy Theta. And lastly, we'll go over Q of the day, which is a pretty good one, which talks about if I had $1,000, where would I invest it into? What cryptocurrency project? So we're getting to all that. But first, let's take a look at what's going on in the market. So today, it is October 6th, it is Tuesday, it is 3pm, everything's going later and later. What do we have? Well, Bitcoin, not too bad, 10, 5, down 2%. So in the 25 hour time period, seven days, 1.2. Pretty stable. I will take that right now. Ethereum, who takes a little bit of a tumble down 4%, really rocketed past that 350 into that 337 range. Not too fantastic. Theta is Theta. XRP, 24 cents, watch out. Binance coins still in that fifth position, even though their DeFi play really didn't pan out. Polkadot down massively 12% to 369, Chainlink 9%, 868, just across the board, just a big shellacking. EOS for some reason is up 6.5%. I don't know why, probably no good reason. Who knows? Let me know in the comment section and you can figure that little mystery. But everything else is just, just got pummeled, 2.5% up for Ethereum Classic. Well, that's strange. The one that had 3, 51% of tax is going up. So just everything across the board is just taking a beating. How low will we go? Don't know. But I will tell you this, it is not looking good. Look at Uniswap, 13, almost, well, 14%. You're in finance, which was, I think, a top out of 40,000. Now it's at 16,000. And the hits keep coming. So if you foam it into projects, this is where it's going to really hurt. Now, if you've DCA'd, dollar cost average in, this could be an opportunity to buy things on the low, though. But it really comes down to what are you comfortable with? So let's take a look at some concerning news. So this is Keith McCullough. He's the CEO of Hedge High Risk Management. And he was talking about Bitcoin all the way back in 2017. And just recently, today, he said, hey, I sold all my Bitcoin. So what's going on here? So Keith, Hedge High Risk Management cashed out all Bitcoin. Again, 2017 is when he first announced his big play into the cryptocurrency leader. And today, he told his 189,000 Twitter followers, hey, I've sold it all. He didn't provide a reason, but he did retweet something from Luca Bostieri, who said that McCullough understands correlations and he is not a permeable. So if he understands correlations and he believes that Bitcoin is correlated to the stock market, what does that say? Well, it says that potentially the stock market, the traditional markets might take a major beatdown and we will only see as time progresses. Bostieri continued, he sold all his Bitcoin today. He didn't say he won't buy Bitcoin anymore in the future. So if the USD strengthens, so all the many correlated things to it will go down Bitcoin included. So there's different lines of thinking here. People like Robert Kiyosaki says that gold and Bitcoin are a hedge against catastrophe. And people put their money into that for an asset allocation or to save themselves from a rising tsunami, which might hit. And the other side is that the traditional market goes up that people will take their money out of Bitcoin and gold and put it into the traditional market because they want to make gains in the stock market. So there's two different ways of looking at it. I personally believe that the traditional stock market is way overvalued. People are following in over there like crazy. You've got people buying stocks that were hurts with went, which went through bankruptcy. So they're buying into that, which makes absolutely no sense. And I only see pain and problems along the way, especially for the traditional market. So maybe I'm missing something, but I see some problems coming about around the horizon. So to finish up, hedge that risk management produces what it calls the holy grail of risk management investing tools. According to McCullough, the firm provides advisory service to clients that manage over one trillion in assets. My thoughts are this, we just took a look at the market. We saw how bad it was playing out. There's a lot of red today. So if this holds true, and McCullough is totally correct and everything starts to slide down more and more and more. But for me and investors, it's really just another day at the office. The same thing happens again and again, cycles come, cycles go. We're going to see some crashes. We're going to see some peaks and valleys. And is this guy right? Well, a lot of people have bet against Bitcoin many a time, and they've all been proven wrong. So we will see. Let me know what you think of the comment section. Let's move on. Before we jump to the next section, I think this is one of the reasons why the market has done a big tank. So now from the United States, this is the president, Donald J. Trump. And he says, looking to the future of our country, I've instructed my representatives to stop negotiation or negotiating until after the election, when immediately after I win, we will pass a major stimulus bill that focuses on hardworking Americans and small businesses. So what's going on is that the market, all markets have reacted to the president and stated, hey, if we're not getting a stimulus package, this is bad for everybody. So I can see a lot of long-term pain lasting until November, possibly the end of December. And I think this is going to really play into what we're going to talk about right now. Next up, and I want to include this because I think this is where McCullough was going because there is going to be massive uncertainty. There's going to be a lot of problems coming up, especially with the presidential election, things that are going on with COVID-19, the quantitative easing, the problems with the traditional market. And I understand exactly where this gentleman, E.B. Tucker, is actually coming from. And it makes a total sense. This is from Stansbury Research. If you have not checked out this channel, it is fantastic to do a lot of great interviews with traditional market players, people in cryptocurrency, they're going to have Raul Powell on pretty soon. So it's a pretty good diversification of people who are on because here we've got E.B. Tucker, who is definitely a gold bug. He wrote, or the author of the book, Why Gold, Why Now? He called a $1,900 gold not too long ago, and he was totally spot on. And what he's saying right now is that gold is going to go to $2,500, not in like a year or five years, by December 31st. And he's pretty much putting it all on the line and said, this is exactly what's going to happen. So just for reference, E.B. Tucker is this guy. He's a lead analyst at Stansbury Investment Advisory and the Bill Bonner Letter, founding partner of KSIR Capital Management, which is an asset management firm and co-founder KSIR Capital Corporate Finance Advisory, which is focused on the precious metals industry. So to say that this guy knows about gold, yeah, I'm pretty sure he does. So this first part here is going to lay it all out about what's going to happen in the next three months. Let's take a listen. But look, I mean, anybody that read my book sees that this is coming in dominoes. So you're going to have numerous dominoes have to fall. And we're only about three innings into the baseball game. I mean, there's six innings left to go. You got to know what's coming next. There's a lot that's coming next. The election is so bullish for gold. It doesn't matter what happens. A Trump victory for second term is bullish for gold in different ways. And a Biden victory is bullish for gold in other ways. You've got the U.S. Treasury just can't borrow enough money. I mean, they've never seen a dollar they didn't want to borrow. And we can get into all that. But everything is set up. And I know the call is shocking from here, but let's see what happens. Hold on. So that's my question about McCullough on that last article. If he took all his money out of Bitcoin, where did he put it into? Because hopefully it's not just cash because cash is on fire. Unless he sees a big dip, he got out, and he's going to let it all just kind of ride down and then buy it back in at a certain point. Now, E.B. Tucker is saying the exact opposite. He's like, look, gold's going to go to 2500. And I will tell you right now, if gold as a story value goes to 2500, I can almost guarantee Bitcoin will go the exact same way. And here's what I'm talking about. There's a lot of charting that goes into this. There's a lot of setup in the market. The entire gold market, every ounce of gold ever mined in human history is only worth $12 trillion. And so this year, you've seen $3 to $4 trillion in stimulus go out the door. Last night, there was a call from the house to $2.2 trillion more. I mean, you almost had a deficit in the US of half the value of all the gold on the whole planet. So look, and a lot of things have happened. I mean, Buffett coming into gold, I wrote in my book about Buffett's negative statements about gold, but why is he coming into gold? Because there's no return on cash. There's no return on bonds. The stock market is not appealing to anyone that's sensible. And you look at gold and you've just crossed off all the reasons he used to hate gold. I think other people are going to come to this conclusion. But let's make sure we focus on something. Gold is not an investment. It's an asset. Exactly. Gold is an investment. It's an asset just like Bitcoin, which is the high-performing asset class of the last decade. So just saying. But yeah, I mean, I agree with E.B. Tucker. Look, my thoughts are this. I've always thought this, that the new savings account should be gold, silver, Bitcoin. It should just be gold, silver, Bitcoin. Just a toy makes sense where one has a stability and the traditional sense as gold could spend around for millennium. And also you have Bitcoin, which is what I consider to be digital gold and can be an excellent store of value. Just put them all together. So here is where me and E.B. Tucker by Furkate are we separate here in our philosophy and what we think about where he's going to talk about cryptocurrency, especially Bitcoin. So let's just take a listen. But I've recently just had Michael Saylor on the show and he moved his company's cash into crypto. I actually have Raul Powell coming on. He's also moving a huge position, 50% of his assets in Bitcoin. And when I asked them, well, why not gold? Their argument is, well, you could keep mining gold. You could pay enough money for someone to find that gold, but you can't do that with Bitcoin. Maybe. But you can have Piril assigned on your show. I'm sure he'll come on if you ask him and he'll tell you that they haven't found a 50 million ounce deposit in a shockingly long time. That's my answer to them. But I guess they're... Let's get into that for a minute because I talk about crypto in my book and I think I do it in a very fair way because there's a place for cryptos headed and it's a place people haven't considered. And I wrote this in newsletters for a long time. I don't think people really fully caught on. So I devoted a big chunk of the book to it because I don't think it ends well for crypto. And I think people need to really consider what I'm proposing there. But let's look at gold. Gold, you can melt it down. You can't trace it. You can turn it into belt buckles, teeth, jewelry, back into coins, back into bars, and you never know where it comes from. Crypto has ultimately got to go on to a network to be traded. Sure, you can store it cold in a safe on a thumb drive. Sure, you could trade it with someone off market. But as we saw with the kids that blackmailed Twitter accounts earlier this year that got crypto, they tracked that crypto down and found those. Okay, so my point is, do you want something that's out of the system? If you want something that's out of the system, pure unadulterated gold is the only asset in the world that has no counterparty. Bitcoin still relies on that network to be traded. So a lot to unpack there. And you know what, E.B. Tucker is a pretty smart guy. He's been around the block, seems to know what he's talking about. It's just that there's just some little discrepancies. First, that is the biggest thing about goldblugs. They always say that, oh, well, we haven't found this. Any new mines out there with huge stashes of gold? Yes, I get that. But guess what? The mines that we do have, you cannot tell me. Nobody can tell me. Absolutely nobody can tell me how much gold you can find in each one of those mines. And it seems like we're always finding more. So yes, these huge enormous stashes may not be found, but you will still keep mining gold. And I don't know when that's actually going to stop. So with Bitcoin, we know, hey, there is a hard cap at 21 million, and that is it. And guess what? We're never going to have 21 million because probably four to five millions already been lost over all the years. So that is just one thing. We can debate. And Michael Saylor even talked about this. The CEO of MicroStrategy said, look, I'm not saying that we're going to find a ton of gold. He goes, but I will debate you that we cannot find more gold. And just by putting more money into it, humans or people will actually start to accelerate the process. And he talked about fracking and how there was an oil shortage, a gas shortage, and all of a sudden with fracking, hey, didn't it work out pretty well? And we don't have that shortage anymore. So again, I don't know how much is going to be found, but we will find more and we will mine more. So that's the first part. The second part is, and this is my favorite, gold bugs always say, well, you can melt it down. We can make gold watches and rings and buckles and some of that. Who's doing it? How many people who have gold are melting it down going, hey, you know what, do this for me or I want to sell it for whatever else. That's not happening as much. People are storing gold as just a store of value. And that is what it is for. Now, I don't know how much is actually being used for, you know, gold and for different products, for watches and whatever else, but that is not the majority of reasons why people buy gold. I have gold. I didn't buy it so I can make a watch or sell it to some watchmaker. I sold it because or I have it because it is a great store of value and it's been around for thousands of years. So again, I grew with EB Tucker on that, on that point. Now, he talks about being out of the system and you can use the gold for the system. I don't know how many people are carrying around gold coins. I'm sure there are. I'm sure they're out there, but when's the last time you use your gold coin to buy a Lamborghini or whatever you bought it with? I just don't see that, that whole thing. Maybe in like an apocalypse. Sure, I can see that. But if the apocalypse comes, usually it's just the bigger guy with the more guns who are going to take all your stuff. That's just how I see it. And then lastly, you have to understand about Bitcoin. I mean, it is decentralized. It is open source. We can transfer it to anywhere in the world within minutes for next to nothing. It's the best performing asset class over the last decade. It used to cost a nickel and now it costs almost $10,000 and it's why I'm heavily invested into it. So if gold can match that, then I'm all about it. But I still see Bitcoin has the edge over gold, although I have both. My final thoughts are just that the world's on fire. There's a lot of uncertainty. People are making some pretty stupid moves. And we just have to remember that with uncertainty comes opportunity. And I think in this situation, Bitcoin, gold and silver are a fantastic play. Just my thoughts. I mean, what do you think of the comment section? Let's move on. Oh, before we move on to the last one about Theta, I just want to make mention that my man, John McAfee, just got arrested for tax evasion charges on top of the NRA CEO LaPierre. He's under investigation for potential tax fraud. So pay your taxes. That's all I'm going to say because they're getting these big people and they're bringing them down. And it's kind of funny that out of all the times, all the quantitative easing that we're doing, all the different money printing, now we got to pay that back. All of a sudden you get like a John McAfee, a LaPierre in that, you know, our bit next situation, which just happened. I see a lot more of these things coming down and a lot more heavy hands. And I think a lot of people are going to get put through the grinder because hey, government needs money. If the government needs money, watch out. If you want to learn about how to pay not so much in crypto taxes, take a look at my link in the description. Talks about crypto IRAs. All right, let's move on to Theta story. So the Theta story is really great. So Theta network announces video on demand and launch event with blockchain's biggest influencers. So this is great news for everybody, especially for Theta holders and also for influencers or people on YouTube who are stuck on the platform because there's nothing else really out there. Let me look, look what happened with Joe Roben. Spotify came along and goes, hey, Joe, we're going to be 100 million, 100 million, maybe it might be more or less. I don't know. He said, sure, I'll do that. And then off he went. And then here we have Theta, which is a fantastic platform and actually I have a streaming key. And the question I have myself is, dammit, why haven't I done a live stream? I got to do that this week. I'm so busy with so many other things. So I'm going to do that this week. I swear to you, I swear to myself, I will do a live stream on Theta. What's going on here? So Theta Labs has launched video on demand support. So if you don't know, Theta looks like this. And it's all a bunch of live streaming stuff, live streaming, live streaming games, anime, different people who are just doing whatever games they're doing. And it's pretty interesting. It's fantastic, but it's all live streaming, right? So if you wanted to live stream, this is the place to go. However, now they're going to do a video on demand. That means it's just like YouTube. You put up a video, people click on it, watch it at their leisure. Fantastic news and more diversity and opportunity for people, such as myself and other people like crazy for cryptos and Alex Masculi and Guy and crypto nobs and all those guys that, you know, are just grinding away. There's another opportunity out there. So anyhow, so the video on demand support as part of its core platform upgrade and move to bring popular streamers and influencers from centralized platforms on board and has been supported by some of the biggest names in crypto starting on October 15th, right around the corner, crypto streamers, then a dash crypto Beatles, Trader Cobb, Crypto Crow, among others who boast the combined following of nearly 550,000 YouTube subscribers will take part in a weeklong series of streams, interviews and premieres as theta.tv launches its VOD. Anyhow, then it talks about, you know, its video on demand. So that's great news. I cannot wait to actually start doing this. I need to do, I mean, just the actual live stream, but this is good for everybody. And I will just make mention that theta, in my opinion, is going to be huge. It is why I have invested into it. And if you don't know, it's looking to solve the issue of streaming services or getting 4k HD types of streams and just, you know, overall bandwidth out to the people, not just in first world countries, but other places in like third world countries. And what they do it is you just sign up as, you know, you can be a guardian node, click on the join today, you download it, download it right here, and then you earn T fuel for allowing them to use your unused resources for your bandwidth. And that's pretty cool, right? But just so you know, here's the enterprise validator nodes. And these are the big guys, Google, who owns YouTube, Binance, blockchain and Gumi or gummy. I don't know what they are. Help me on the comment section. So again, I think this is a fantastic opportunity. If you haven't taken a look at theta, definitely do that today. And if you need help buying it, check out this video over at digital asset news clips. I made a second channel for two reasons. First is because some of these videos go too long. So I break them out in the clips. So they're super simple, like this one's only eight minutes. And the second reason is if YouTube shuts down my primary channel, I got to back up. Actually, I got to back up on a backup. It's called theta. So check that out. I will put that in the very final video so you can take a look. And also, if you had time, go over there to digital asset news clips and subscribe. I do some exclusive clips just for that channel just to get that thing rolling. All right. So that's it for that. Let's go on to Q today. This can be pretty quick. This is from Xavier. It was a fantastic question. So let's jump in the office. All right, everybody, welcome back to the office for Q of the day. We've been doing this in a while, actually about four or five days or so. As you can tell by this fantastic gray beard that I'm growing, I'm an old guy. What are you going to do? So anyhow, so this was a pretty good one. It's from Xavier. He says, Hey, Dan, I followed your YouTube channel for a while. And thanks to you, I'm ready to start. But I don't know where. Can you please help me? I can start just with a thousand dollars. Where should I place it? I can add up to 1000 every month. But that's my limit. I'm a worker and don't have much. And for how long will I have to keep it there? So Xavier, this is this is probably one of the most sought after questions in all of cryptocurrency. Where do I put my money? And it's really comes down to where are you in life? Where are you in what you're doing? When I got my first job, this was a UPS. It was like one of my first jobs when I was a kid. And they did 401ks and they had actually talked to me and said, Hey, where do you want to put this money? Because you're so young, maybe you should actually diversify and send a little bit more risky. And then maybe later on, rebalance your portfolio and some things a little bit more safe because the theory goes that as you are younger, you are able to take more risks on. And of course, then of course the profits could potentially be greater than that. So that is one of those things. So for me, I always think to myself, Well, first of all, I can't Xavier, I can't give you any advice. I can't tell you where to put it because I'm not a financial advisor. However, if I'm looking back on my older self or my younger self, and let's say I'm in my 20s, and I'm just starting out, right? And I'm making $1,000 like you are. That's about how much I made back then. I would think to myself, you know what, I probably want to balance my portfolio to something that's a little bit more on the risky side, and then balance it out with some things a little bit more safer. So if you're talking about just encrypt the currencies, let's just go with cryptocurrency. So I'm not going to talk about real estate. I'm not going to talk about metals. I'm not going to talk about anything else like that or whatever. Let's just stick with cryptocurrency. So for me, if I'm a younger person, I would probably put a good amount, let's say, I don't know, 30 to 50% into some riskier below the top 50, if I can get my hands on them, digital assets. So I can only talk to you about what I personally own, and I really can't go farther than that. And I can't tell you about potato foot coin or something crazy, which everybody's going to like to ask me about. I have no idea. So if I want to go a little bit lower about some things that are probably potentially coming up over the next years, then I would look at something like Celsius token. I would look at something like feta token, which we went over today. And I would look to put a good chunk of my money into those because I think they're going to grow. And the reason why is because they have a great team behind them. They have a mission. They solve a real world problem. So I can definitely see putting that into that and then maybe rebalance it into something like 25%, 20%, maybe Ethereum, and then maybe another 20% into Bitcoin, or 25, depending on what you want to do. And then hopefully that'll balance itself out. But again, if I'm younger and I can take the risk, I'm going to take more risk because there's a higher reward. Now, let's say I'm in my 30s and I got a couple of kids and I'm looking at, well, what am I going to do with these kids? How am I going to pay for everything as far as college and the mortgage and everything else? Maybe I don't want to be so risky just in crypto currencies. So maybe I want to allocate a good portion of that, maybe like 50%, 60% into Bitcoin because I'm not going to get the most fantastic rewards. Let's just be honest. Bitcoin can top out. Some people will say a million, but I think those people are crazy. Some people will say a hundred thousand. I think those people are conservative. So if I want to look at Bitcoin, well, it's about 10,000 today. So maybe it'll go up to 50,000, 75,000, 100,000 in a reasonable amount of time. So I'm going to put a bunch into Bitcoin. Ethereum would be another safe bet. And I see that everything is built on Ethereum. So if you just don't know about DeFi, stick into Ethereum and then kind of look down and do what I do, which is hedge your bets against what you think could be a smart contract platform, which would be like the Cardinals and the Eos and things like that. But you probably want to put more into a safer asset. Now let's say you're moving forward and I'm just looking in the mirror and I'm going, hey, what do you want to do? So I'm going to put a ton of my assets into Bitcoin because the older that I am, the more I want to be. And let's be honest, cryptocurrency assets is a pretty volatile space. So I want to put my money on the least volatile of those assets and then off we go. So that's what I would do. Now if I'm in my 60s or something like that, it's pretty much all Bitcoin if I'm just talking about cryptocurrencies because that's the safest bet that you can possibly do. So Xavier, I hope that answers your question. I can't give exactly what I can tell you to do, but that is what I would do. If I was in my 20s, 30s, 40s, 50s, and 60s, I would just allocate to a little bit riskier, to a little bit safer. And that's really all I got. All right, let's jump back. All right, that's it. So thanks for sticking with me to the very end. I really appreciate it. If you don't know, there is a link in the description of every one of my videos. It talks about the exchange fees and wallet fees and just a basic assessment of what I use and have used and recommend. I go everything from Coinbase to my one, two, three punch, which is Celsius Voyager and Kraken. And I just tell you, you know, here's what the fees are. Here's what the interest that you can accrue from just having it on there, if that's even an option. And I go over everything from Coinbase because people need an alternative to that. Binance, Uphold, Abra, SembelSwap, Uniswap, Cash App, eToro, don't recommend them, and Crypto.com. So it's all right there for you to take a look at what I actually use and don't use and what people have said. Also, there's affiliate links, just so you know. You don't have to use those. You can go write the Kraken and sign up for Celsius or whatever else. But if you use my affiliate links, you get between $10 and $25. So it's totally up to you. Again, thanks for sticking with me to the end. Really appreciate it. See you on the next one.