 Welcome to Jalassette News, take a top stories in cryptocurrency and Jalassette's and break it down to bite-sized pieces. Today, it's a little snippet, but what I want to talk about is one river makes one of the largest cryptocurrency trades in history and what that actually means to you and me. Now, obviously, this is a pretty good thing for the market in general. However, what does it mean for the people that help them do this? What does it mean for the price? And what does it mean for the future as far as customer service to where you are probably getting your cryptocurrency? So we'll go over that in a bit and it's just a little snippet I want to talk about. But let's just take a look at what's going on in the market today. Real quick, it is January 6th, 10 a.m. El Paso, Texas time. And real quick, it is again, Bitcoin is about above 35,000, so not too bad. And then everything else is doing great. So I'm not going to go into detail like I usually do as far as like with the market. Just know that everything's pretty much up. Let's see any down. That's a good question. Not really. So, well, that's not a little bit, but who cares, right? It's just that just kidding. I own that. I hopefully does pretty well. So this is just one of these great stories. As far as institutional investing really coming in. Now, over time, we have seen a lot of these institutions really FOMO in not really FOMO in the first one was really what was micro strategy square micro strategy. But they were kind of like one of the first that really kind of came in and bought a lot of capital into this market. And it's thankful because it shows every other company what is what is available for them to do. So when I see other companies getting in, I'm just like, Well, just one more, just one more. And if this would happen in like 2017, 2015, 2014, I mean, we'd be much farther along than what we are now. But the track wasn't built for these institutions to really get in. They needed to have a lot of structure put in place because they're just not used to, you know, having a hardware wallet doing all the custody services. I mean, it just wasn't it wasn't available to them. And now it really is. And that's why I think 2021 is going to be a pretty good year. We just did a video this morning where I talked about this is the best time to be in cryptocurrency. I mean, if you missed out before, as far as like doing dollar cost averaging, you know, every single day when everything was boring, doesn't matter right now. I envy you if you're here and you've just got in. Oh, I think great. So what's going on here? Well, one river makes one of the largest cryptocurrency trades in history. So first of all, one river, they are hedge fund asset management. And they do a lot of different things with the financial industry will go over how much assets they actually have under management, which really isn't that much from what I saw. But it was just interesting that they put this much money. I mean, they put a lot of money into Bitcoin. So one river has worked with crypto exchange Coinbase. Remember that name Coinbase to invest in undisclosed amount in cryptocurrency. We're going to tell you how much it is. According to Coinbase, which carried out the transactions, its purchase represents one of the largest digital asset trades in history. Now, keep in mind, when Michael strategy did this, they did around $425 million. And they did it over weeks. And the way that they weren't, the way that they didn't make the market pump was they did these micro transactions, because Coinbase wants to really put a time and energy into their institutional clients. They are really doing that a lot of and I think that's why things are suffering as far as the retails. We'll take a look at that a bit. So what they do is they do these little micro transactions one every three to five seconds, and it could be a full Bitcoin, it could be a fraction of a Bitcoin. And that's how they're able to buy, you know, $400 million, $600 million, a billion dollars worth of cryptocurrency, and the price doesn't go up that much, which is a bad thing for us. But just remember this, at some point, they can't do that as much as they do right now. At some point, there's not going to be anything left. And that's the great thing about Bitcoin is only, there's only 18 and a half million right now. And really, there's two million loss, I think it was like 16, 16 and a half million. And once all this gets bought up, all these little micro transactions, this stuff's going to stop because they can only do so many of these, you know, huge, enormous amount of micro transactions, I mean, they'll still do it. But they're not going to be able to do the amount of transactions and the frequency, because people like you and me are just sick of it, like, you know what, we're not giving up anything. And if you want to grab something, we'll just, you know, step the mind and take a number. And I'll tell you what my number is later on, because it's not going to be anything fairly quickly. So I think this is one of those things where time will win out. Okay, so the initial trades were executed over a five day period. So just imagine that five days, and they got in X amounts of Bitcoin. And this is Kim Yongjoo. He is the, I think he's the CEO for crypto quads. And he just talks about there's they have this service where they have all the data. Let me just blow this up because you can't really see it. There we are. So Bitcoin Coinbase Pro Outflow. So this is going back all the way to 2018. And these spikes are when there's just a massive outflow of Bitcoin from the exchanges to either a wallet or to an institution or whatever else. And you get to see there's not that many of those. But if you take a look here, this is around March and April. Obviously what happened in that time, there was a huge crash, people want to take it all off. Sure. Then you have these little increases. Here's July 2020. And then August, this was a micro strategy, did all the little magic right back here. And here's now. Now you saw a total outflow of 55,000 Bitcoin in a very small amount of time. And that is where all of these, all these Bitcoin transactions actually took place. So interesting time to be had. And then scrolling down, I think this is I mean, the rest of the article is interesting, but I got bored. So it's, this is really the crux of it. It says, say it's holding these assets over the long term. And this is from one rivers CEO, I believe. Yeah, holding his assets. Yeah, holding his assets over the long term aligns yourself with the macro mega trends of technological advance and currency debasement, both of which appear to be accelerating. So why did I read that to you? What is so important about that? Well, what's important about this is that what he is saying is that we are not here to trade. We are not here to grab up a little bit, make a quick profit and sell. What we are here for is because there's so much money printing, because there's so much problems in the world because we can see exactly which way technology is moving in as far as finance goes. This is what we've invested into and we're here for the long haul. So if you feel that there's going to be a lot of Bitcoin around, you've got huge companies like this buying up and you've had Michael Saylor from Michael strategy buying it up and going, Hey, we're not selling. And I'm pretty sure Jack Dorsey from Square and Twitter, I'm pretty sure his company isn't selling either, because they know exactly what's going to happen. This isn't an asset this is going to go to like 50,000 and then it's kind of teeter on that for the next decade. It's going to probably move up pretty exponentially. But again, only time will tell. And this actually gets back to the main point, which is this. Michael Saylor talks about he has no respect for traders. I have respect for traders because I can't do it and I just don't have the time of the patience or the intelligence probably to do it. But there's a lot of people that do it pretty well. Sometimes. But what we're talking about here is that for everybody who is trading, and they're like, Oh, great, you know, I made, you know, 50% gains or 30% gains, which is pretty good. But if you think about the long haul, this is why I'm an investor. Every time you're selling your Bitcoin or your digital assets or your cryptocurrency, I mean, granted, you have to take some profit at some point, right? Things come up, you have to pay for bills, somebody gets sick, there's some other problems. You mean you have an emergency fund, whatever, sure. But the lion's share, I don't think a lot of people should be selling. At least I'm not going to sell. I can't tell you what to do. I'm not a financial advisor. But every time that you're selling, every time that you're getting rid of something, it's not me that's buying a Bitcoin. Well, actually, it is me. I mean, I still do dollar cost average every day in the crypto. But the majority of who's buying are people like this. They are these big institutions that are just so happy that you're buying and they're waiting in the shadows. And they've got an unfair advantage, which is Coinbase, who is helping them to snatch up everything while you let it go. And that is exactly what's happening. There is no love lost. They just are in it for the bottom line. And that's really what happens. So just think about that when you're selling, when you're trading, whatever else. And if you want to trade, sure, go ahead to have trade fund, have great time. Just don't do 100% trading. That's just crazy, crazy talk. So this leads me to my next point, which is how much should they actually spend? Because in all these articles, it doesn't tell you how much it is. It's just that it's the most in history, which is fantastic. But what does that really mean to us? Well, I found this article. This is December 18th from Bitcoin.com. These guys have the best, the best information I love. And it talks about how a billion in Bitcoin and Ether, one river hedge fund to increase holdings from 600 million. So they've already purchased 600 million back in the day, right? They've invested 600 million in Bitcoin and Ether with the plan to increase its holdings to one, let me highlight that, one billion next year. So I think they just bought a billion dollars additional worth of cryptocurrency assets. And I don't know if it's all Bitcoin, but that's just what they bought. And then scrolling down and talks about this. One river was founded by CEO Eric Peters in 2013. And they oversee about, this is crazy, 1.6 billion in total assets under management. And then the CEO states this, one river digital asset management has committed that will bring its holdings of Bitcoin and Ether to about one billion as of early 2021. So if they already put in 600 million, okay, then for them to have the highest amount of all time, it's not 400 million, because that would only be one, that would only be 400 million in one shot. And if you can take a look here at the Bitcoin treasuries, micro strategy, I don't have any more, it's a bummer, but micro strategy put in 425 million in one shot. So I think they invested a heck of a lot more. But what's interesting to me is that for the assets under management, they have 1.6 billion. So unless they did a C funding round or they got a whole lot of their investors and said, this is what we're doing, this is going to be a pre-investment and they raised a bunch of capital, they put a lot of money into cryptocurrencies and digital assets. So the question you have to ask yourself, am I at the right place at the right time with the right asset? And the answer is yes, yes, yes. So I think if you just take a look at what smart money is doing, this is where you get your information. And here's my last point and I'll say like this, there is one recurring theme, which is who is helping all these institutions? Well, they help micro strategy. They help these guys and their names are Coinbase and there's nothing wrong with that. I have nothing, I have no problems with a business being a business and doing different things and making a profit. That's the good old American dream, right? The problem is, is that when they do these types of things and they're really putting so much focus into the institutions, you get stuff like this. I just shown you this before. It goes down. Coinbase goes down and if you want to do any kind of trading, any kind of selling, any kind of buying, well, you're as so well. And then it's pretty funny because like it says the most trusted platform for trading crypto and then of course it's all down. So that is no good. That is a problem and I think it's going to be a problem happening more and more and more. And it's one of those things that if you want to use Coinbase and you're new, have at it but just realize that, this is what me and Steve Erlich talked about. He's the CEO of Voyager. He's like, you know, some companies, Steve will never, Steve will never pinpoint to a particular exchange. He goes, but some exchanges have moved on. He goes, if you don't realize that they are more so for the institutions and they are catering to the institutions more so and they're letting the retail fall by the wayside, then you just don't have your eyes open. It's essentially what he said and I can agree. And this is the same thing that's going on. So underneath this video in the description of my videos, there's the exchange of wallet fees as a link. It looks just like this and when you click on that, it goes to all my recommendations. These are the ones that I recommend I personally use and I've been using for quite some time and I love them. So I kind of have a one-two punch. Voyager is where I buy everything. And then Celsius is where I send things to because, well, too fast. So it can gain yield. Now some people always ask me, well, how much do you have in Celsius? Because you know, not your keys are not your keys, not your crypto. So if you're putting another place then it's not your crypto. Yeah, I get that. But when you're getting like 8%, 9%, 10%, I mean, synthetics I think is like 18% yield. You can't pass that up. So again, what I've always talked about, diversify. I'm not keeping 100% of my portfolio in Celsius. I used to keep 30, which I thought, which I reevaluated, thought that's a little, that's not a good idea, Rob. And now it's 15%. So I have 15% of my portfolio in Celsius gaining yield every single week and it's the easiest image you can possibly do. And what I like about is like Alex Moschinski talks about it's a flywheel. So if you put Bitcoin on there, you're going to earn rewards in Bitcoin. So let's say I have one Bitcoin and then for the week you gain, you know, zero one Bitcoin or whatever it is. And now you have 1.01, then you gain rewards at that 1.02, 05, 07, and then off you go. So that's why you Celsius and crack in and all these other things. Now just notice that everything here is an affiliate link. You don't have to use the link. You can go right to it, but just be aware of scams. But if you do use affiliate link, it's between 10 and 25 dollars of Bitcoin that you can use. So what everyone does, it's up to you. And then lastly, I just want to bring up that coin base. I put this in, when was this? This is December 1st. And I said, first of all, sometimes it's just easier to have it on in exchange. So I'm never going to fault anybody for like saying, well I just want to keep in exchange because it's easy out of a lot of things going on. Okay, I mean, some people say, well you've got to learn, you got to take it off. Look man, some people just are too busy, you know, enough time. That's so fine. You want to keep it on there. Just be aware that it's not your keys, not your crypto. But I've always said, and I've said this in December 1st, there's something going on with Coinbase. There's too many outages. It's almost like it's being done on purpose because you cannot be that incompetent for that many years and not realize what's about to happen, especially with this bull run that's happening. I mean, if I know it and I'm an idiot, then you got to be able to figure out for these four-year cycles. So if you keep going down and you didn't hire, if you hired more lawyers than you did programmers, then you got a problem. And that problem is going to relate to the retail customer. Now, they're pretty big. I don't know what's really going to make an effect, but for me, I won't. If it's a, it's an all-out failure, I'll use them. And if I got to offload some things, sure, but it's not my first choice. That's all I'll say. Anyhow, so that's it for today's video. Thanks for sticking with me to the end. I appreciate it. If you like these types of videos, then we're two months going to pop up on your left and right. And that is it for today. So thanks for sticking with me. Appreciate it. And see you on the next one.