 Great everybody. Welcome to the live stream. We got a lot of things to talk about just like the thumbnail and the title suggests there is some bad news for Russia as The gold that they have been storing is not able to be sold We're gonna take a look at the bad news for Russia I think it's actually good news for crypto and digital assets more specifically Bitcoin I'll take a look at how Russia banks are actually adopting digital assets and they're actually pushing things forward they're gonna take a look at a Mike Novogratz price prediction and why price predictions are They're only good for one thing and that's hype outside of that They're worthless and then we'll just do a quick Q&A at the very end five questions in five minutes And we'll go over all those things at the very Conclusion of the news so first of all here for the live stream. Welcome. Thanks for stopping by appreciate it If you're watching the recording just know that all the time stamps are underneath so you can skip around We want to but everything's in a linear motion So it just makes sense to watch all the way the end and then just so you know We do the news about 15 or 20 minutes And we do the Q&A for five and then we do the conclusion and that's it and lastly check out down to just crypto comm 100% free all the good stuff. So that's the intro spiel. Let's jump right into it Take a look at the actual market. So it's not a bad day. I mean we're almost at 2 trillion That's pretty damn good. I think we were almost I think we hit 42k at some point for Bitcoin Ethereum has gone up which is fantastic because that means I don't get my margin calls for the loans for Celsius which is great. And if you don't know what I'm talking about go ahead and watch the video where we talked about how we purchased this house here in Puerto Rico straight cash, and I'll link that at the very end also Tethers tether only really cares everything's up across the board Terra is doing great as usual 9.7 Salon is good, but the big winner today is avalanche. So congratulations. I'm see me 13% It's 26% for the week. So congratulations all the avalanche holders I don't think it's really it's really beaten that last 24 hours. So it's looking pretty good So all right, that's what's going on the market. Let's jump into the story and I think This is the story that it gives me pause because there's good news and there's It's bad news and there's good news And it's all about how you look at it and how you see things are going in the macro sense I'm gonna explain in a second. So there was a great article and it came out and talks about how Russia has a hundred and forty billion Stockpile of gold and they can't they can't sell anywhere And it's all because of sanctions and all because of the shutdowns And I think when you take a look at the narrative of gold as far as the store of value Well, not so much before any gold bugs hate on me. I own gold I own silver, but it really is tough when you have sanctions across the world and you can't move it Another thing is is I mean just moving it physically. Look at those Yeah, I don't know how I've never felt a gold bar My brother buys gold and he says it's quite heavy So I'm just thinking myself if I had to move that anywhere like if I'm just like a refugee going across the lines This is not why I want to move I want to remember 12 words and that's about it to move my Bitcoin anyhow But this is where it really comes down to go I think that CBD sees aren't gonna work and I'll tie it all together So this was an article from business insider Russia has a hundred and forty billion Stockpile of gold. I said a million or billion billion of stockpile, but no one can buy it No one wants to buy it. No one can buy it. So the fifth largest stockpile of gold in the world Let me say that again the fifth largest Stockpile of gold in the world belongs to Russia About nearly 140 billion as with oil sanctions are making it very difficult for Russia to trade the precious commodity and before we go on I am under no Pretence that somebody's not gonna buy some really cheap gold if they have to I mean I think that we can all agree that would probably happen in some way shape or form but it just limits your options as to what you can do because as Great as gold is and it's off the grid. It really makes it tough to move things. So Also demand for gold is still high within the country as the ruble has crashed to record lows and this got me thinking about certain certain Criteria and What's going on right now? So first of all if you don't know, this is the ruble You can find this on finance.yahu.com just search ruble and today's price and You can see and that everything goes against the dollar. I mean we're back again Everything goes against the dollar. So it's a hundred and roughly 103 rubles to a dollar 106.7 to dollar and over a day it doesn't look too bad, right? Although it's kind of weird over here. So let me first only blow this up so you can really see it So this is over five days. No, all right. So gosh where we're at 112 Now we're 104. Okay, not too bad Take a look at the one month and you kind of see what's going on here And then because I mean how long is the Ukraine invasion man three four weeks? Let's take a look at six months. Now we get the big picture Now we can see this is not looking good 70 for the dollar now and all the way up to 138 So imagine going to your store and going I want to buy uh gosh, let's uh I want to buy a really cheap tv. Okay. Well, I mean, I guess it was really cheap. It was a dollar I want to buy rice, right? Okay. It's 76 rubles. All right And then the next day or 75 or that's in february You go back to the store roughly a week later And it's almost well here will be double. It's double what you have to pay for it. That's not good That's really not good. I think that's uh, that's a big problem. So when they say over here that's uh Demand for gold is still high when the country's the rubles crashed to record lows Sure, I can definitely see it because if you have your money in rubles in russia, that's got to be pretty Disheartening to say at least okay So a huge reserves the precious metal were built up over the past decade and a half And where it tended to be a sort of economic insurance policy for the country Last week london's gold marketplace the most apparently important center in the world for bullion Banned all bars from russian refineries Russia's massive gold supplies one of the few remaining assets that putin can use to keep his country's economy from falling even further This is uh main senator angus king and by sanctioning these reserves We will further isolate russia from the world's economy and increase the difficulty of putin's increasingly costly military campaign So here's the question I have for you Watch this video I am not about making people within the country suffer for the idiocy or the hubris Of the dictators. I'm sorry presidents of those countries. I mean that's not what I Would think that we'd all can agree on. We don't really want to punish the people that really have no part in this However, when you take a look at this story and you see how economic sanctions can be worked out And you can kind of see like okay. Well, this would make sense why You know Bitcoin would probably be a pretty good Hedge and a store of value for the russian people i'm going to ask you a question If you did away with the ruble and you did away with fiat and you just did away with Gold you can't really can't but if you could and then you just had the world reserve currency as bitcoin How would you How could you get around what's going on with the ukraine without sanctions? How could you you know, could you limit trade or would it all just be an all out war? Because if you're really looking at what's going on in ukraine, it's kind of these economic sanctions And that's pretty much what we did in the 80s 70s. Well, actually 1954 to 1984 86 for the cold war with russia. It was all economic sanctions and we kind of ground them to a to dust Sorry, that's that's pretty much what america did. I didn't do it reagan did it and the other presidents did So if we don't have that ability to do those things and we just have bitcoin as a world reserve currency That's the great thing of decentralization. You can't really step in and say you can't do these things You can do that with a centralized exchange But I think when you see this story It's good for it's bad for russia because they wanted that gold to be able to sell it now They cannot sell it. They'll probably sell it to somebody at a probably big discount Or a discount and that would actually lead to it's a bitcoin however when bitcoin comes in What can you do with that? It's just it's just something to think about in the back of your head going I wonder how that would actually work and another thing is this is that if I was russia I'd be pretty ticked off right now because if I'm looking at gold It's just a specifically gold If I wanted to sell this would be the time it's like house prices in an entire world If you could not sell your house right now Wouldn't you be a little ticked off because you're like damn it the prices are like super high It's a seller's mark and I can't sell it's the same thing here with gold Look at over the last five years the price of gold and where it's been if you're going to sell anything It's right now, baby because if not, I mean If you look at gosh Here's where it was before. What is this? This is 2011. This is the last time it was even Sniffing in 1900 dollars And now you have it over here and almost two grand. So yeah, if I was russia, I'd be pretty ticked off But yeah, so again, this is Bad news for russia. They can't sell their gold. I'm sure they'll sell it at some place at some point They don't have the options open. We'll see how it all works out. But this leads me to my next point russia banks are really pushing digital assets and again, I think this is leading to Some sort of mass adoption. So here's a story that we have so russia russia's spur bank I hope that's how you say it receives license to issue digital assets So russia's central bank has granted the country's biggest lender a license to begin issuing digital assets. That's great spur bank is under duress by us sanctions over the ongoing ukraine russia conflicts and uh that Sure, those assets issued on the bank's digital platform will be recorded and circulated via a distributed ledger tech system Ensuring data securing data immutability. So I want to back up real quick Those assets whatever these assets are and I'm I'm I'm Thinking and I can't assume anything the assets that they're issuing on the bank's digital platform I'm gonna guess this would be the big one. So I this would be the bitcoins the ethereum's. I don't think they're talking about the digital ruble Again, why I don't think the cbdcs will actually work because I mean if Would you use a digital ruble? Would you want to be a part of the digital you want? Would you want to if you're enchanted would you want to be a part of the digital dollar? No, you wouldn't you probably want to go someplace where nobody has control and everything's decentralized And there's no centralized figure like we can't just go to satoshi nakamoto's office and go Hey, I'd like to speak to the manager. It doesn't work like that. That's how I think That's why I think there'd be more of a of a leniency towards that but not to get a point here When they talk about hit this will be recorded and certainly be a distributed ledger technology They're not saying exactly what they're using. I would assume it'd be a centralized Play just like the digital you want, but we'll see companies The companies random companies will be able to issue their own digital assets Providing they prove they have the cash requirements now. I'm not for sure to talk about Digital assets as far as like they're going to create their own on some blockchain maybe like creating their own, I don't know token or coin on the Ethereum network or are they buying up other cryptos? And then saying here's the cash requirements and we want to buy bitcoin ethereum And that's what we're going to use for Our monetary base. I don't think that's how it's going to work though Companies will also be allowed to use digital assets issued through the banks information system Which will position the new investor currently idle funds to generate income. There's your defy Companies will be able to make their first transaction on our blockchain platform one month from now On our blockchain platform one month from now serje pop off The director of the transaction business division so again This is almost like the same way that that china does it. They're like, hey We don't like bitcoin, but we're big fans of blockchain technology And when I say blockchain we want a centralized ledger and that's what we're going to go for So when they're talking about blockchain tech there's a big difference between blockchain technology And cryptocurrency digital assets because it's it really can be centralized. So then This was interesting Spurbank lost 95 percent of its value on the london stock exchange At the beginning of the month, of course, that was when the invasion began The lender has the largest market share of savings deposits in russia and is the country's primary credit issuer And then it gets down to the knitting gritty Which is on thursday a bipartisan group of senators introduced new legislation aimed at ensuring russia remains largely cut off from global Infrastructure and again It goes back to the same point I said if you don't have them on the swift system if you don't have them on The traditional finance and you just boot them out And you said and it makes them forces them to adopt digital assets How does that work? How does that work as far as saying I don't think you can sanction I think it'll be a very Interesting time and I think this is one of those things that could push more for mass adoption But there's repercussions for everything. Well, interesting about that in the comment section. Let's go on to our last piece. This was good uh, nova grads and its price predictions and it's good because I'd like to talk about a couple things on mike here. So mike Never met him seemed like a good guy. Mike nova grads expects bitcoin to hit 500k in five years Take that with a grain of salt and we'll go over this in detail So he was on I think it was msnbc or something like that And he says the russian ruble has depreciated over 90 percent in the last 10 years and the turkish layer to the same I'm not for sure that's true because if I take a look over here. He's talking about 10 years I can take a look in five It's at 56 now. It's at 103 if I can max out I can go back to 2004 It was at 28 now it's on three. So, uh, I mean it's depreciated. We'll say that And nova grads said bitcoin is a lifeline to people in countries with really poor stewardship Of the economy and that's why he quotes of course turkey And russia as well and then he talks about hey bitcoin could have half a million dollars and I think this is where Everybody's ears perks up like really price goes up. I'll invest in that But wait Five years out if bitcoin is not at 500,000 then i'm wrong on the adoption cycle We've seen adoption cycle that accelerates bitcoin grew so much fashion last year crypto grew than the internet Did its best years in the 90s? I see this going viral everywhere. So first of all Take it with a grain of salt 500,000 sure remember last year everybody thought bitcoin was going 150,000 even me How far to get 69k why ah what the models were right? We thought for sure didn't work out like that Can it happen? Sure. It's crypto. I mean it could be 500,000 next week. I have no idea But I will say what he's talking about here as far as adoption. He is on to something This is a nice little post. This is from world bank The world bank puts this out internet versus crypto adoption and on the top You can see like the years when the internet really started to flow from 1990 91 92 93 5 this is 1998 and over in here we can take a look at crypto adoption 2014 2122 134 so what they're talking about here is total users in millions in 1998 We had somewhere between a hundred million and a billion people. Let's say 200 million and that's the same thing they're talking about as far as with internet adoption I don't think it's really taking off as fast As the internet I think it's a roughly about the same But if you if we can extrapolate because it's pretty been following just along the same Linear timeline year to year to year to year to year if that's the case We can get to around a billion roughly In 2025 26 somewhere around there which would and of course if we have the more total users Usually that means price goes up because people are investing and the more people invest then they have More hodling hopefully and you can see like that So this was the same thing that Kathy Woods over at arc investments said the same thing She sees about a billion people into crypto in around three to five years So I can see that it makes sense, but I will and I'll watch actually go even a little bit further Take a look at technology s curves And how that arranges to people trying to spread disinformation so This you can see of an s curve as how things come in Not too long ago electricity wasn't even a thing 1905 somewhere around there electricity adoption 1900s 1800s Going in 1900 So you can see the the rate of adoption as far as an s curve It took a little bit of time and this is on the very left hand side here I don't know if you can see my mouse But it goes up and it kind of comes into like the us household percentage of that's on the left 2040 6800 It took until 19. Jesus. Crimey Christmas took until 1950 to 100 of people to get electricity No, okay, sure and then over here This is the automobile and it's blue dots And this was a 1915 And it took all the way Intel Get out of here 1990 for the majority of people well, I can kind of see that because Not to trigger anybody but uh, I think uh I'm not gonna say it. So anyhow, uh, then radio adoption s curve took quite a time It it rose up, but uh, then it took a long time people to get there Then you had the uh, what is this 1970s? The cell phone 1960s 70s. No, it's not right Oh color TVs. Yeah, it took a while then over here you've got internet And crypto and cell phones So for all these these times of adoption you have to understand one thing The people that Are here to gain the most Or want to stay in power are always gonna They're going to go against What this new technology is here's a case in point. So let's just go all the way back to electricity So we take a look here this is a A scare scare piece in the 1910s 1905s 1910s And of course this was about electricity and and the death that it would cause and it was just going to be the most The worst thing of all time. Well, who would who would put that in? Well, who would probably not gain Uh, when electricity comes in I'll let you figure it out for yourself Also, here's one of the things for ban the automobile 1920 1950 1920 or so and uh, how I was going to destroy Everything and of course kill everybody because there was all these automobiles out there And they were of course going to just wreak havoc Then you have telephone industry moves to ban internet phone software Now this was just like voiceover internet protocol Not cell phones were saved but you get the drift and of course who would not gain from internet phone software I'll let you be the judge of that and then also here's another one from amazon This is on barons barons the dow jones business and finance weekly and they talked about just how what a massive failure amazon is And it says the idea the amazon co jeff bezos has pired a new business is silly He's just another middleman in a stock market is beginning to catch on to the fact It's the same thing we've seen with crypto and bitcoin digital assets again and again and again And again, but it just keeps repeating because the people that are are going to gain They don't want these things to come through and that is just my opinion Let me know what you think about that in the comment section And that will conclude that piece and I just want to say one last thing here As far as like predictions I'll be honest with you There was a there was a tweet from oaken shield and he says hey digital asset news put out this Uh his price predictions and I am not Immune to making bad price predictions And so just just so you know that's uh price predictions again You can predict and you can try But it is just a crystal ball type of thing No one knows the price is going and that's why like even as great as like traders are i'm not here to trade I'm here to look three four or five years out That's why a dollar cost average. That's why I get into it and even like my price predictions I thought bitcoin was going to 150k. I didn't work out a theory of a 10k I thought chain link would go to 35 actually went to 50. That was pretty good And then uh cardano I says going to three actually hit that but then some other ones like tezos and And stellar didn't work and polka dot did and then of course voyager was my big bad one Where I thought I was going to 30 bucks, but I thought I would do pretty well And when I call it was 29 cents went to seven bucks and now it's like two or three bucks So didn't work out. So just remember take it with a grain of salts. These price predictions are great for hype And that's pretty much about it anyhow Damn 20 minutes. So that's uh if the news today So if you like today's video give it a thumbs up if not give it a thumbs down Tell me why I try to fix it go from there and uh should hit that subscribe button. So that concludes The news part. Let's do a little uh q&a five questions five minutes and get the heck out of here Hopefully gonna be a beautiful day here in potorico. So well, it's always beautiful here. What am I saying? It's never bad here. It's great Okay, and then there's always like a 30 second delay from when I say it to when people actually get their question in so Go from there Here's a great question just What's your profit taking strategy? What would you recommend? You know It depends on your goals. That's what it depends on like me. I don't really need a bunch of money. I've you know I got my other businesses and cryptos just uh, it's just an investment It's so like when I need money I I take it out and over If you just dollar cost average like some of them since 2017. I have this ability to Take money out and I'm actually profitable. It's great. You try it. It's fantastic and that only comes with time, right? So, uh, that's my my goal But some people they have you know, like my friend george. He always talks about like He's like i'm going to invest into this and as soon as it doubles I'm taking my initial investment out and then it's going to let the let the house money ride and that's another another way to do it other people They will put money in for you know for so much time and then they will Actually look at different ta. They look at the mac d They'll look at the rsi and they'll say you know what? This is a good time to take out because i'm at 10 profits And i'm going to take out here and and that that to me that gets confusing and also Like we did the the dca show was me james and ben yesterday great show ben's uh been had some good questions and after the show we were talking about it and um James was talking about how he's a good trader, but he's like man. He goes those capital gains are just killing me I mean he pays like Above 30 we'll say that for for short term capital gains and i'm like dude. Why? Why even trade? You know you just you're just paying the government So like why even do the short trades because you're just paying more for first of all I want you to move down to portorico if you can and also check out that video I did i just did one two weeks ago a week and a half ago about The things i've learned in portorico being here over well roughly a year So check that out, but um again to answer your question It's whatever your goals are right mine are just to just dollar cost average until i die And then uh when i want to take things out for things that i actually need i'll just take do it then but That's permission Okay Okay, how are you taking how are you taking money out describe the process so john so I gotta tell you Everybody's different and i'd learned this i was playing volleyball uh Wednesday tuesday wednesday some of that met a guy named nate good guy and uh he was talking about how He's like i wanted this conference. They told me that to make money in crypto I have to trade and i have to look at all these these technical announcements. I'm really studying really doing hard I'm like what the heck i go you don't need to do that I go just just to throw some things in there just dollar cost average This was just investment opinion on investment advice. I told him i go, but you don't need to trade Like what i did is i just invested In 2017 2018 20 20 21 22 i just put a little bit money every day or week into certain cryptos that i think are gonna be pretty good Bitcoin at three and being two He's like really you do that. Yeah, and I I showed him dca btc.com This is a great website dca btc.com and it shows you how much you'd make if you just you know Put in money of four years ago. So the answer you're getting your question john How do you take the money out? So there's two there's really two ways to do it. So like I use voyager a lot I use voyager and gemini and kraken. I even coin based sometimes and I use um the Not sushi swap uniswap if I if I can't really find it and I used to use gate io But they just stop me because i'm in america But uh, how do I take it out? To make the most simple way to do it on voyager if you want to take money out you just click on Let's say you have ethereum right you click on ethereum You say I want to take out a thousand bucks And it says do you want to take that money out and you slide your thumb And it slides and it takes money and it puts it into your bank account. It's great Super simple. So if you're looking Hold on Let me shill for a second if you're looking for Uh, voyager or gemini or celcius any of those ones to actually, uh, you know Sign up and use it. Here's my exchange of wall of fees There's a link in the description and you can check that out I'll see you get between 25 and 40 bucks of bitcoin just for signing up if you hate affiliate links Then just go to the site and you can sign up yourself, but you don't get those those deals So just let you know that's what's going on And if you have any question about how to do that john because I know everybody's different Just go to dan t just crypto.com In section one basics I show you exactly what I said how to buy and how to sell and everything else That's the first way the second way is you can do what I do sometimes Which is I take loans against my crypto. That's I've got a big fat loan for this house on with celcius and I put up X amount of ethereum and bitcoin And then I took that money out and now I Have the house but I have to pay back the loan so but that's okay because this house will actually do well When we're when we leave which we're leaving in two or three weeks to go back to uh, texas for a bit Uh, we'll be putting this house up on air bnb, which means it'll make money for me All right. That's a long answer. Sorry john Thank you. Let's shield that. What's up, man That's a good question. Theo says hey, robbie. Think it's a good time to invest in a defi index I don't know if it's a good time now. I tell you the worst time is never so that's what all I can tell you I can't really give you advice on this one Ah, I gotta take this from some sniff Voyager CEO steve or like hijacked our assets last year claiming it was necessary for security purposes I think it's bs wonder if he did this to boost the price of vj How long did he take did he take uh, your asset sniff? How long did he shut down the assets? I don't know and I know people say well, I've had a problem with voyager And I got a problem with voyager for every one person I find has a problem voyager I got 10 people who love it. It's just depends on who you are right? Have I had problems with voyager? Yes And then I bombard them with their customer support And every time I follow up with them I tell them my ticket number go look you haven't answered this question And I get back to me And that's it So I don't know I don't know sniff how long he hijacked your stuff, but To be fair to be fair to sniff There have been some people who have contacted me go look man I've had this problem for like months and I talked to a voyager and it was true And uh, that was an issue that we had to resolve Internally with customer support, but there was very very odd circumstances on two of those cases Great question. Number question number three. Do you hold do uh, John's channel? Yes, I do hold Solana and actually I'm actively dollar-cost averaging the Solana right now Great. I'm not moving back to Texas I just got to be there for family and take care of some business Also, we do a charity event for kids, which I have to put together. It's an absolute course We do it every year. So I got to go back and build that and uh Mark it and all that stuff. So I got to go back. We don't live that we don't we live in Puerto Rico But I will be in El Paso We're in Houston first then in El Paso. So maybe I'll do a meet-up over there Especially El Paso, baby Where did it go Great question question number three. What are your question number four? What are your top three crypto holdings? Bitcoin Ethereum by far the big two right now and It just makes sense and then after that everything kind of drops off. So I guess the third one would be Somewhere of a layer one solution. It's a cause up between Cardano and Solana and polka dots and avalanche and That's the big ones. So it's a toss up the third one is way far down and I did I did that consciously because right now I don't see altcoins like been at this question yesterday I don't see the altcoins really popping off anytime soon. I think what will pop off first Of course will be bitcoin and ethereum and then we'll come to the altcoins when that happens. I'll I'll sell along the way Oh ape coin Hope you guys had fun getting dumped on sorry Yeah, I'm sure I'm sure it'll go up at some point Yeah, see some people have no problems some people have problems It's like everything though and then uh Can I Can I buy can I buy lune? You can buy luna. Do you want to know where to buy it? I'll show you where to buy it watch this Let me share my screen now at that one You ever want to find out I asked this yesterday so Ah, you just go to any of these ones, but I use coin gecko and you just go down here to uh trading pairs Yeah, there it is Show see all the trading pairs and you can this is where you can find luna If you don't like where do I get it? You can get a hip btc Binance osmosis mexiglobal okx coup coin fta you can get it anymore pretty much. So hopefully answer your question and Are you officially retired? I will never I haven't worked. This is the last question. We'll get out of here I have not worked for anybody else besides myself since 2015 Is that right 2016? Yeah, so after that I had only worked for myself and then before that I had my own businesses, but I would still Do my job Which was I was an intake because I if you know my history It was an army and I was a medic and then I got it and I stopped the medic and came a 91 charlie just a nurse and I got into medical device sales and then I got into intake coordinators for people going into Hospice and home health and stuff like that. So and I stopped that until the 15 and I haven't just worked myself I gotta tell you once you start to work for yourself. You become terminally unemployable It's you will never go back and that's that's the thing I know people like they're all rushing for Lambos and mansions and things like that, but I don't really alls I want is time And just be able to do what I want to do and that's why a lot sometimes on on twitter I'll send you like videos and pics of me just at the beach on like a tuesday at 10 a.m playing volleyball I mean who does that it's great and you can do that too at some point. It just takes a little bit of time to get there That's all I can tell you. All right. So that's it for today. So look, thanks so much for stopping by appreciate Like this video give it a thumbs up if not thumbs down and uh subscribe Enjoy the weekend should be beautiful. Hopefully world doesn't becomes doesn't stay on fire and that's it Thanks so much. See you in the next one. Adios You