 Great welcome everybody to the live stream today is going to be a pretty good day. It's there's a lot of Bullish sentiment out there, which is a bit different from the last two days that we've seen and we're going to talk all about it So we'll take a look at first Goldman Sachs they got a positive macro statement from their head of investment strategy, which is a quick video won't go over that real fast also Goldman Sachs and FTX Looks like they're gonna do a partnership and they've come a long way from saying that Crypto was even an asset class or really have they we'll take a look at exactly what this partnership might mean also on the horizon Jerome Powell is actually speaking today and he's raising and he's talking about raising rates Looking at the history that is Volcker, which is a former Fed chairman and lastly There's a great lesson to be learned today of Time in the market is more important than timing We'll take a look at 0x and what's going on with them and Coinbase and the very end will do five questions in five minutes So let's do a quick market recap see where we are if you're here for the live stream Thanks for stopping by really appreciate it Just know if you watch the replay time stamps underneath shouldn't take too long try to get in and out and here we go So first things first, let's take a look at the market looking pretty good And we've been getting our teeth kicked in Recently, but there's some good news on the horizon and that's the thing about Crypto markets or any markets some days There's a lot of bearish news and I covered that and I don't think people like to hear bearish news But I have to be honest and those are just the things that I see and then time goes on and there's some more There's some bullish news out there now. Does all bullish news equate to a massive run-up in the market? No, and we can see that now if this is 2017 probably or 2020 Yeah, probably but everything's different now. So we've got some good news also Tesla earnings came out and They had talked about in the earnings report that they hadn't sold one bit coins. That's pretty positive good for Tesla and Here's how things are going in the market. I don't have to tell you if you know this, but it's interesting just for For clarity bitcoins up 2% it's pretty good 42,000 at 3 about 1.4% Solana Terra Cardano polka dot everything's up. But remember We're looking at the at the grand scheme of things look at like the 12-day of the 7-day Terra's up massively 12 and a half percent bitcoins actually up even more than that. So things are looking pretty good So what does that mean? Well, really what it means down to this is that? There's more buyers than sellers. That's really what it comes down to and we can see that There is some bullish sentiment especially for Tron crazy 14% who to thunk it Now let's see Uniswap 11% for Theta Network. Great. It's pretty good Theta is one of those that just you've been holding forever hasn't anything or maybe that's just me and that's what's going on the market So let's just jump in to today's top stories, which is the first one goes with this I like to hear some positive Sentiments in the macro because you can go anywhere and you can find some pretty some pretty negative stuff this was the head of investment strategy talking on CNBC Squawk box and what she talks about is about inflation and how she believes that things aren't as bad as they seem especially as we look out towards inflation supply chains and Also Unemployment rates, which I thought was a pretty good take on things as we move forward So what I'm gonna do is gonna have you take a listen to this. Let me share my share my screen which didn't actually hear it and This is about two minutes or so so just take a listen a little bit bullish, I think How much of your global perspective is based on inflation and in central banks around the world and their reaction to it? We do believe that we Inflation let's say in the US for example with the last print that we got for a headline inflation around eight and a half percent Has most likely peaked obviously we need to be appropriately humble nobody expected inflation numbers core or Headline to get to these types of levels, but our view is when we look at the three key drivers of inflation So we would have something like these supply constrained Goods such as cars for example the vehicles used a new electronics, etc. Then we have wages and we have housing We do think that the Goods component inflation will come down and we're going to see that coming down through the course the rest of this year in the Course of next year and that's going to be significant We also think that there is a chance not a high chance But a pretty good chance that wage inflation is going to stabilize around these levels for a little white longer But then start declining as well because in fact, we're beginning to see an improvement obviously in labor force Participation and what's remarkable is we have seen an amazing increase in the Unretirement of people 55 years and older in fact the level of unretirement is above average And you have about a million people out of that group that is unretired And so when we're talking about the labor force participation We have to recognize there's a lot of noise from the pandemic And we need to see that clear up and our view is that we are going to get more people and so you're going to get Slow very gradual decrease in wage inflation and then finally housing and between higher home prices and Basically higher mortgage rates with fixed mortgage rates at about five percent You are going to see some pressure on demand as well It's going to take a couple of years, but our view is generally inflation will be headed down And that gives the Fed some flexibility but across the board We're seeing central banks raise rates and we're going to see balance sheet reduction So there's a lot to unpack there. There's full first of all, let's let's just talk about what she said a lot of good points There there's things some things that are concerning and one of the things she talks about was the labor force especially the The older labor force coming back in to work now I don't know about you but usually when when you retire Sometimes you want to stay retired and the reason why people are coming back is because they can't make ends meet because there's There's a pretty high inflation of goods and services and electricity and we just see that all around the board So there's that one piece and then as far as like labor participation. Yeah, the unemployment rates not Dramatically high and that's actually one good indicator But the question is what kind of jobs are out there that people are are getting are they good jobs? They're bad jobs, so they just not are just kind of in the middle of the road I can say this though. I see a lot of job openings everywhere and it's like they just can't find the people and they can't find the people That's not the greatest thing, but as she talks about here, you know, hey Inflation will come down. We'll see a little bit more positivity, but again Also that last piece where she said wage inflation that's not the problem you wage inflation That's not an awful thing. What's inflation is inflation across the board So hopefully they can combat that we'll talk about Jerome Powell on a bit and how they explain to do those types of things So let me just think about that in the comment section. Let's go on to the big news which is Goldman Sachs and FTX and this was a it's an interesting story of the dynamics between Goldman Sachs and where they were just two years ago to where they're at right now So here's what's going on in the world of crypto and Goldman So Sam Bakeman Fried gentlemen up there Founder and CEO of the exchange FTX met Goldman Sachs CEO David Solomon in the carib. It's this is weird in the Caribbean to discuss Potential collaborations between the two firms. So here's the thing. It's the 21st of day I'm pretty sure yeah 21st today And I'm like, why is the head of Goldman Sachs in the Caribbean is this one vacation is bumped in each other Not really what's going on is that there's the crypto Bahamas put on by FTX and salt Which is April 26 to the 29th of this year. So When I look at this, I'm like, so you're telling me that the CEO Just took a took a trip to the Caribbean just to meet with Sam I mean, there's worse places to meet him But he went out of his way to meet him to talk about these things the two chief executives Discussed Goldman Sachs advising FTX which was valued at 32 billion in January on future funding rounds and taking a role in a potential Initial public offering IPO that sounds familiar an IPO where Goldman Sachs helped out somebody who else they help Oh, yeah, they helped out Coinbase and this was an article December 19th 2020 remember those days kind of odd and It was reportedly picked to lead Coinbase APO and I'm like, I wonder if that's true So I took a look at the actual documentation from the SEC and I linked in the description you can find it But it's kind of boring if you want to read it But if you just do command-buff and take a look Goldman Sachs all over the place and what they do is just they are advising Goldman Sachs and Coal or Goldman Sachs and a mark of disciplines By Nasdaq's on a snow and book viewer Goldman Sachs notified Nasdaq their shares class a common stock So they are the advisors of what everything went down for the Coinbase IPO Which I honestly the first day was great after that I'm too awesome. However That's not a bad thing if they're advising him and going that way So Salman also offered Goldman Sachs advice to FTX in discussion with regulators in the US FTX followed a proposal with the CFTC in March that would allow it to directly clear trades of its derivatives customers remember this word derivatives customers So I'm gonna take you down a trip down memory lane for What was Coinbase IPO and Goldman Sachs and their nice little history? It's amazing how far Goldman Sachs has come as far as like May 27 2020 Cryptos are not an asset class. They told all their customers in a meeting like this isn't an asset class Nothing to see here These aren't the droids that you're looking for that type of thing that is like Jedi mind trick stuff and then all of a sudden They come here and they say hey, you know what? This is on May 7th, 2021 just a year later Goldman Sachs internal memo unveils no crypto new crypto trading team the banked informants markets personnel that it's a newly created Crypto desk had successfully traded two kinds of Bitcoin linked derivatives derivatives Goldman said it also seeking to broaden its market presence by selectively onboarding crypto trading institutions To expand offering. So here's the thing If you take a look at Goldman Sachs, it's not like they're huge believers into crypto and where crypto is going But they are a big believer in money and profits and there's nothing wrong with that That's just the truth and I think other institutions will start to look at this and go. Hmm. There's a lot of money to be made I mean, they already know it. Let's be honest, but it's a risk on Type of situation, but there's a lot of money made that's why I think in the long term I've always said I've been a pretty bullish Proponent of crypto in the short term. That's where things get dicey So right now expect some pretty good volatility for the rest this year But I see these types of things as a bullish sentiment. So let me just think about that in the comment section. Let's move on to Some news that I don't know if this is price or not. This is Jerome Powell speaks today and And Here's what he's talking about as far as through history. So first up This is do you know that Federal Reserve has their own Twitter account? I Didn't know that till today. I thought why would they be here? But here they are they got a nice new blue check mark, which I have one of those and it states a chair pro Jerome Powell Temporal okay Delivers welcome your marks at the Volcker Alliance and pennants do for urban research special briefing Watch live you can watch it's kind of kind of dry and then I just thought this was funny Be money has a nice little meme here fed Prince 80% of all dollars in existence since 2020 Causes record inflation and of course down in Russia, but what Volcker said in his opening statements was this he said He recognized Paul Volcker, which is from the Volcker. Well, it makes a lot of sense saying Volcker left a strong legacy He and by the spirit of public service keeping the core principle or mission at the center of his work First of all, I'm always referencing this guy In different segments that I do and other channels Paul Volcker if you don't know American economist served two terms the 12th chair of the Federal Reserve from 79 to 87 He was nominated by Jimmy Carter who was a Democrat and then he was renominated by By Reagan which was a huge Republican, which is not small feet here in the United States While the credit with having ended the high levels of inflation in the US during the 70s and 80s. How do you do it? Here's how we did it So during the 70s monetary policy the Federal Reserve Board led by Volcker or while they credit with curbing the rate of inflation US inflation peaked at 14.8 percent in March 1980 14.8 percent, which is like Depending on what you believe if you believe that 8% is the inflation rate or 20% whichever but back then it was 14.8 That's what they reported probably higher and it fell below 3% by 1983 so in just like a couple of 79 80 like in two three years it went from 14.8 To 3% how do you do it? So the Fed Reserve led by Volcker raised the Fed rates which the average 11 percent and 79 to a peak of 20 percent in June 81 the prime rate rose to 21 and a half percent in 1981 which helped lead to the 1980 recession Which the national unemployment rate rose to over 10 percent. So same thing here if we have Volcker and Jerome Powell is a pretty big phantom when he talks about these these rate hikes The question is how high can he go and people will talk about well? He can't go too high because of the crash the economy well Volcker did it and he's like look We got to go through the pain and we'll see how it goes out I don't know if it's Exclusively priced in if he keeps going up and if he keeps going up then I think there will be some economic slowdown And I will think that that will affect the stock market and NASDAQ and SNP 500 and all that stuff And I do think that we are a little bit correlated especially to NASDAQ and if that happens I don't see how Bitcoin or theorem could hit all-time highs. It just really depends on how much they do Time will tell I can't really tell you but I just found it interesting that Powell Talks to the Institute references Volcker and now we've got him coming up in the next month or so talk about more interest rate Hikes so expect that to happen. Let me only think about that in the comments and then Let's take a look at some good news For the DCA errors and people who get into it. This was a It's a quick story And it talks about zero X and all of you guys remember zero X but came out a couple years ago and It was a big it was a big token and it was pushed by Coinbase and it kind of fell off But it just soared 53% today Over the last couple days, I should say Following the Coinbase NFT partnership if you don't know Coinbase skin the NFT game, which like everybody else is I think that'll be big for them not these goofy NFTs, but With more utility type NFTs anyhow, so zero X token source big 3% here's the thing You can't find that in the charts. You can't find that in TA. Correct me if I'm wrong, but this news is just pretty much powered it all off and There is something to be said For what happened here and here was the tweet itself not a not a big thing It's just we're proud of part of with Coinbase to power their new social marketplace for NFTs by using zero X protocol Coinbase provides better ways to discover buy sell and connect NFTs at the lowest transaction cost for you I think we can all get behind that if you've been using Ethereum So this got me to thinking if we want to 53% now, it's almost at a buck How does that relate to time in the market versus timing the market? I mean, you can trade this all day long Here it is in 20 she's 24 hours 70 cents bring on all the way to buck 15 pretty good I mean in 24 hours So the question then is let's take a look at the max and This is just one of those things where the same thing is what I did with Cardano really is that in 2017-2018 when it was like 19 cents, of course, it's spiked. Oh Wow just in 2018 just the end of the bull run in 2017 because it didn't come out too long too early after that or too late for that and you can see it just kind of Go down ranges and this then it kind of it's kind of funny like you buy it here You're like it's gonna go up and it keeps going down It's gonna go up and then it keeps going down and then you're then you're right here This is essentially what I did in 2017 I just didn't really care. I'm like, I'm long-term bullish. I don't really care what's going on Like even today. I dollar-cost average the same thing Bitcoin, Ethereum, Solana, Luna and Cosmos. It's that it comes out every day. It doesn't matter to me Just automatic and then here Of course is whenever nobody wants to buy and you can see it in my huddle waves over on Ben's website But if you just were dollar-cost averaging right here, it's a pretty good day Imagine if you could do that for well, that's 2018 then 2019 Then 2020 a little bit. So you might got a 60 cents. Okay, and then 2020 and 21 and you have been pretty happy right here During this big run-up. Hopefully you took some profits. Don't forget then it slams back down But imagine all this time right here time in the market is Greater than timing the market. I can guarantee if you were dollar-cost averaging right here Same thing that I did for years You're feeling pretty relaxed and I think that really was what it comes down to is why like people ask me like Robbie look pretty relaxed and in crypto. I wasn't like that in 2017 Bundle of nerves because everything kept going down. But as time goes on, that's why I say in The short term it's not so big of a thing. It's interesting. It's interesting the thing that goes on a day to day Sometimes it's bearish juice. Sometimes it's bullish news I try to cover both because I feel like if I just give everybody hope him left and right They'll be like damn this is Rob told me all this good news and we didn't really talk about the bad stuff And there it goes. I want you to be in here for the long term. That's why I talk about this stuff. I Know some people don't like it, but It is what it is. So that's what we got Let me know which thing about that in the comment section time in verse timing and then We'll do five questions five minutes also just real quick I'm gonna be interviewing the president of fame MMA and I've been talking about this for a while They just went through their their funding not the funding around but In not in the token generation bet the tglp through through 10 set meaning that this was just to get into the Initial sale and it already sold out in like five minutes So i'm gonna interview the president there and these guys are doing a great job of you've heard about tokenizing your community Well, these guys have they already have a global reach through mma And they're they're fights which they have influencers and celebrities and xcfc fighters So they're tokenized their community of millions I think it's going to be very big and the token generation event Will be 29th when it goes live on some exchange I'll let you know But i'm gonna be interviewing the presidents of the federation on saturday So if you got questions for him put him in the comments below or also just follow me on twitter And tell me what you want to know about it because I think it's gonna be pretty decent Again very risky. I talked about a damn d gen. So If you think it's like a guarantee, it's not everything's risky prepare to lose everything Who knows? Anyhow, that's what's going on and that's it So look if you liked this video give it a thumbs up. I'll consider subscribing If you got to take off take off go do your thing. Uh, we're gonna do five questions in five minutes Let's go from there. All right All right, all right, all right And every time I asked for the questions there was always a lag so We'll just write And go from there Comments Apecoin yeah, I missed that one I want to miss more too Ooh, look at that See this is what i'm talking about. Have you heard of alpine token? I haven't it's the official token of formula one I have no idea if that's true. It doesn't really matter right now tokenizing when I heard this this comment from But much of people row pal being one of them tokenizing your community And I was like, honey, isn't it? How are you gonna do that? And I see it now I see it with with uh fame and may and if you do this with formula one You can tokenize the millions of people out there. What could the token do? Well, if you hold the token it could give you discounts It could give you nfts of your favorite race car driver You could stake it for more tokens you could do a whole and you could you know purchase Uh merchandise at a discount rate and what's great for them is that they reduce the cost of all the transaction fees Of the semester card and everything else. So like for me, I'm thinking about this I'm like this time this totally makes sense. I think it's gonna really ramp up So That just improves my just talking about my point Thanks mark. I appreciate it. There was this there was this great comment Follow me on twitter There's I can't say it here because it's a kind of I try to keep this as family friendly as I possibly can So there's a comment from a person That's uh, you should read on on my twitter account and I was like, well, that is what it is I do it for the trolls Ah, that's a great question Hey, Dan great show. Would you recommend value averaging similar to all across averaging? So yes, so you can and I can't recommend it to you. I can only tell you what I would tell my mom mom Uh, let's let's let's let's break that down as the example. So zero x price. So when you dollar cost average And and here's the thing you can like so when you dollar cost average Just you pick a day or or a time of the week or a time of the month and you go I'm just gonna put in 25 bucks or 100 or 10,000. I don't know what kind of baller you are but whatever So and then you just do that Throughout an extended period of time And then there's there's another type Uh, that ben over in the crypt of verse always talks about Which is like a power dollar cost averaging or accelerated dollar cost averaging as the price goes down So let's like let's say he puts a hundred bucks into zero x which I only he did So 100 bucks into zero x and then when it goes down a certain percentage He's like i'm gonna add 10 percent more So the next day or next week or month it's 110 dollars and if it goes down even more He's like i'm gonna add another 30 percent. So that's 140 or whatever it is And then he just does that until it hits a certain risk level And he's got it all on his website There's a link in the description It's just app dot into the crypt of verse dot com and once he hits these these levels between a continuum of zero to one He starts to sell off. So he buys as it goes down He sells off as it comes up, but it's all about risk levels very basic stuff That's dollar cost averaging value cost averaging is this what if you said And it works sometimes. So let's say right here you have Let's say you have 10 000 bucks like I got a 10 000 bucks burning a hole in my pocket Value cost averaging is you're not going to keep going for an extended period of time Let's say for 10 000 you're gonna put 2 500 bucks right off the bat right here And hopefully you hit that 19 cents Hopefully and then like in a couple of weeks you put another 25 000 dollars in or 2 500 bucks in You do right here, then maybe you hit the top 2 500 bucks and then over here 2 500 bucks and 2 500 So that's your 10 000 bucks and you're done You can do that. Uh, it just depends on like are you hitting peaks? But in all honesty Value cost averaging is fine. Just do it Mom Mom if you're watching just do value cost averaging When there's a huge bear market, no one wants to buy squat and it's a good project And you've done your your research and it makes the cut like I've talked about the cut Which is how big is the community? What's the utility? What's the team like? What have they done before where they're going and how good are the tokenomics? Am I going to get dumped on so great question Beardy Beardy says I can't get a rather jump in his pool that you know cold that pool is today. It's 56 degrees I was in there this morning sucks But it makes you feel good. So yeah Oh, let me jump back Bridge bridge is right for tokenomics is the key. It's the most important thing to take a look at That's why like I get I don't know 10 offers a day to cover projects Usually I just kind of glance over them and I just delete the emails or the dms or whatever else I don't look at dms anymore But a lot of the times the products that I bring to you Are people that I've trusted and met along the way in other successful crypto projects And those guys come to me and say hey, we've we did this project and you were a part. Thanks We have another project and because I trust them Then I say, okay, let me take a look at your white paper and light paper and I'll look at that and about I'd say 50% of the time I'll turn it down That's just it's just not good enough And the next one the other 50% I'll say yeah, it looks good And the big thing I look at is tokenomics if they don't have a lock-up period I won't accept it because like there's no lock-up period man Like if I get into this I can dump on people and if I can dump on people which I might but uh, I wouldn't But other people can dump on people. So you have to look at lock-up periods What's going to the vcs? What's going on the private round? How much is actually going going for staking and for exchanges and for and for future things? That's just the tokenomics part. I don't even get to get a team the utility and the and the community off there Uh, this is a great question. Jeff says rob. He's still holding XRP. Yes Because I'm waiting for that the sec to get beat I just hold it to support the community honestly, but I had sold some before we've talked about that because I mean It's not gonna do much until after that after they win that that lawsuit, but I think it could Uh, do you know anything about the world mobile token main net? I don't I know there's already the availability for staking what you've already done We're actually a pool operator for world mobile token and I'm actually going to london May 3rd to the 7th For coin bureaus event. We're gonna do some I get to talk about Taxes and how to Minimize taxes because it's not what you make. It's what you keep. So when I'm there I'm gonna meet with the world mobile token and some some friends I met along the way. So Um, I'll ask him when I'm there Thoughts on condona none I'm not building any metaverse stuff Planko But I will say this I'll be with you guys whatever you guys do Ah, this is a great question Phantom mining says rob. How do you feel about countries and banks starting to back the digital you want? So Here's the thing and this was a pretty good point um This was made by london London real or london real By the the host rose And he talked about he was talking to kitko news Brian rose and he's talking to kitko news and he said and he asked him the same exact question And what he said was he said I had jean carlo on my show jean carlo crypto dad Former head of the cftc And he sat him down. He said, you know what? We are close to doing a digital dollar The question is do people want a digital dollar and of course right now people are going to say no We don't want that. That's nonsense. But jean carlo said what we're looking for is we have to do a couple of things Because digital you on is really crushing it or kicking our tail right now. So the question is are people going to want Censorship are they going to want tracking or they want to go into want big brother or If we can create a us dollar that is private is in control of the people and we don't track everybody Then I think it could work out. Okay. So people he goes We won't win if we do it just like the digital you want because it's the same thing He goes so people are going to have to choose Do they want censorship and big brother or do they want a digital dollar going this way? And that's even a bigger question as to will they actually get the digital dollar and make a duke make it right So they don't shut it off because of your social score. I don't have the answers because guess what I'm not in those circles so My thought is this if you got other banks back into digital you on I think in the long run that's uh Folly a mistake because china controls that to the nth degree And they can shut things off and they can do whatever they want to it and as far as like surveillance and tracking I mean, we already know that they do a lot of that. So if they do that that means that they become probably the next Global superpower I'll leave it at that All right Yeah, it's a good question. Would you ever do a video showing the difference between good and bad tokenomics? Yeah, sure. That's easy. There's a bunch of shitty tokenomics out there Uh, let's see brian rose. Yeah Last one Rob can I add can I add additional a vex to my dan steak before it's maturing august? I don't think so. I could be wrong. I'll check with the guys that Help me with the staking pool But as I understand it you lock up your avalanche in the steak pool We have two steak pools We have ground steak pool and avalanche links in the description So we'll go from there I would just say if it's maturing august just let it go Give what you have and then go from there because even if you could do it It's not going to be because we got what's uh, may june july three months. Yeah, not so much All right, so that's it. So look everybody. Thanks for stopping by do appreciate like today's video Give it a thumbs up and consider subscribe to this every single day try to give you the best information What the most balance? Thanks so much for stopping by appreciate it. I'll see you on the next one. Adios