 Great welcome to digital asset news like a top stories and crypto and break them down into bite sized pieces So today just as the thumbnail suggests congratulations you watching this video right now have front run Not only one billionaire, but a plethora of billionaires out there and these experts it's just amazing to me about how long it's going to take for the mass adoption to actually happen as we front run all of the Original experts so we're gonna take a look at exactly what's going on with a other billionaire We said that crypto was essentially trash and it was no good for anything and all of a sudden looks like it's going to be on The balance sheet also I got a question asked you who's Simon Dixon? We're gonna find that out then we'll take a look at how Luna has flipped ethereum It's on staking not on the market cap and then lastly We'll take a look at some more good news on mass adoption coming We'll take a look at some stories about Airbnb and eBay that'll be very quickly and then lastly we'll go over Q&A So hold all your questions until the end, please Also, if you're here for the live stream, thanks. I appreciate it's pretty early or late depending where you're at So I appreciate you coming by if you're watching the recording Just know that we'll have time stamps below so you can fast forward or rewind or whatever you want to do But everything kind of goes in a sequential manner news takes about 15 and 20 minutes then when we get into the Q&A It's only five so we're trying to shoot for around 25 minutes or so for just a show But again, it's up to you. So let's break into it as fast as we can. What's going on with the market? Well today Not a bad day It looks like we have miraculously held above two trillion dollars and You know, it wasn't too long ago when we're at three trillion, but it is what it is and here we are So we've had a pretty great run and we have to take those wins we can get them So Bitcoin over seven days, let's just take a look at the seventh day Let's remind ourselves even though we're down almost to a point And we didn't go to five trillion like everybody thought we might go to I'm just kidding every time we go up people like this Is it we're going to the moon? Just wait that we'll get there So Bitcoin up 14% but down 2% of 24 hours of theorems of 12% and you know in all honesty I'm not gonna go over it because we all know where it is. We all look at the We'd look at the market cap probably 30 times a day. Let's just be honest And let's see anybody you lose tremendously 6% for avalanche. That's pretty big slide 6% for cosmos two of the ones that I own and you will notice that I'm super biased on this channel I usually talk about the things that I own and not too much else, but it's just because I Have skin in the game just like you And if there's a better option out there, let me know what it is and I'll take a look into it So pretty much we're down across the board for this day. Who knows what the future will bring I don't have a crystal ball, but what I can tell you is this and that is that yet another billionaire comes out and goes You know what? Bitcoin's not too shabby. So what we have Essentially is a billionaire Ken Griffin. Don't I sell this? I was like can can he Griffin like the baseball player? No, no, there's a another Other guy billionaire Ken Griffin admits He was wrong about Bitcoin and this guy was a pretty vocal a staunch person that was against crypto and he's actually Bedded against crypto as far as like institution dows. I'll get to that in a second. So this what's going on Billionaire Ken Griffin has a rocky relationship with the crypto to say the least he distinguished himself by Buying up at the very last minute a copy of the American Constitution that fans of the crypto industry wanted to acquire by organizing themselves around Constitution dows, so if it wasn't for this guy The Constitution would have been in the hands of a large group of individuals who went into a decentralized Autonomous organization and he was the only reason because he's like I can't allow this to happen and he I'll bid everybody and He was number one and the Dow was number two But again You my friend watching this front-round this guy for all the rest of it so Griffin had harsh words with respect to Bitcoin of which you often deny the usefulness or even the existence and I'm sure you can think about all the different people who've talked about that before and they've changed their tune Griffin if you don't know him, I didn't know his rank 41st in Bloomberg's billionaires index Expanded net worth of thirty point two billion dollars. Holy smokes. I did say I wish all this passion energy that went to crypto was directed towards making the US Stronger. Well, okay. I can see this point there But I mean it's an unstop for us crypto has been one of the great stories in finance over the course the last 15 years He said and I'll be clear. I've been a naysayer over that time. Yes But he continues the crypto market today has a market cap of about two trillion in round numbers Which tells you that I haven't been right on this call. I got to tell you I appreciate someone who comes out here and says, hey, I made a mistake. How rare is that these days? It's it's a It's like finding unicorns. He says I still may have skepticism But there are hundreds and millions of people in this world today who disagree with that to the extent that We're trying to help institutions and investors solve their portfolio location problems We have to give serious consideration to being a market maker in Crypto crypto and then lastly said it's fair to assume it over the months to come You will see us engage in making markets in cryptocurrency. So again, it's amazing to me that here We have yet another example of a billionaire just finally getting it and it's not like I care what they think I It's good to get a little validation but What I like when these juggernauts of traditional finance come out and say, you know what I was wrong This is what it is or I am really into crypto at this point What it signals to the people that have money is that is like, hey, I follow these people these guys these individuals I have faith in them at first. I said it was a Ponzi scheme and a scam and illicit activity Now I see what's going on Maybe I should get into that and that's the whole thing It's about social proof and moving forwards And it's the same thing that was has been said by Paul Tudor Jones again another juggernaut of trad-fi He also had Bill Miller where he came out and said, you know what another billionaires like I've got hundreds of millions dollars in Bitcoin and he wanted a show called wealth track and just said how big he is into it and then also you got a guy named Gentleman drunken Miller. I would say his name wrong. It's drunk in Miller says he owns Bitcoin This is another one that people were surprised about now guys guy named Simon Dixon. Who's that? Well, that leads me to my next point Simon Dixon if you don't know he's introduced to me by a mutual friend and Simon Dixon is one of those guys He has been here from the beginning like 2010 2011 and he also Had the foresight to invest in these little small companies called Kraken Bitfinex Bitstamp Ethereum and he's been on a just a big wide swath of shows. I mean everything from Stansbury research with miss Cambone there I Got the size name Miller and then just a bunch of different players are gammon. That's sorry Hey, I'm just been around the block for quite some time. Also. He's been one of those guys who he's an economist former bank owner and I sat him down and we did a quick interview and I broke it up into three parts and the first one We're gonna talk about is essentially where things were because if you weren't around 2011 These are the guys that give you perspective and I like I said you can't know where you're going until you know Where you've been and he and here talk It's about when Bitcoin was three bucks and three bucks and we're gonna talk about the future and where he's using ones This is about six minutes or so so just take a listen We pull this up and then we'll come back and we'll talk about Luna flipping Ethereum and eBay and Airbnb so here. All right, so everybody as promised I brought in somebody who could give us a little levity of the situation, especially what's what's what is going on in the world So let me introduce you if you don't already know to Simon Dixon right at the intro before so Simon welcome on to the show Hey, thanks for having me Yeah, man, it is a pleasure So I've been watching some of the videos you have been around for like like we talked about for for quite some time So you can tell us How it used to be so I really got three questions for you And of course we can go for a very long time and I will hope to have you back So we can really get dig into it But the first one is I just want to talk about a little history of how things used to be because before I mean Bitcoin I mean the narrative has changed But the the reality behind Bitcoin really has it the next I want to talk about is it all a Ponzi and you It's this is something you had said in an interview a bit ago about how central banks fiat It's really just a big Ponzi scheme when you just that to talk about that which I think could help people Realize where Bitcoin is going and lastly What's gonna lead to mass adoption? Because since you've been here since the early days you've heard it all and me and you've heard the whole thing which is Guess what ETFs are coming and the big the big industries are coming and it's all gonna happen pretty much Where is it really gonna go? So let's just start with the very first one Tell us a little bit about the history because in 2000 you correct number on 2011 or 2010 when you got into crypto Bitcoin Yes, I was right I was writing a book bang to the future protect your future before governments go bust and it was the first published book in the world to Include Bitcoin started writing it in 2011 and I launched it at the first Bitcoin conference in the world when We could only really attract a handful of people. There was about 50 people in the room Prog crazy. So back then like I mean just to just to fast forward So there wasn't really much of an audience because that's just how it was. So the narrative though I mean people would probably call you crazy back then like how can you get into this digital? Token that has no value whatsoever and has nothing behind it because you know this US dollar. This is what this is what counts Yeah, so for me I got into Bitcoin out of desperation before I got involved in the big community I was part of a community called the monetary reform community And that was a bunch of very old people. I was one of the youngest people to be involved in the community And we would meet up and discuss the problems with banking It was the reason why I wrote the book banks should protect your future before governments go bust and I was In in frustration out of speaking to so many politicians And trying to get through banking reform and some of the reforms we talked about in the book Yeah, my wife said to me one crazy idea. Why don't we just create a bank that is actually built upon sustainable principles? and so we set ourself on that adventure in 2009 at the time we were giving lectures all around the world to anyone that would listen around the Coming up financial crisis. I left investment banking in 2006 and no one would listen once the financial crisis became a thing more people were willing to listen and then the they solved the problems with the cause of the problems and So in order to try and demonstrate what a bank should look like We started finding out what it would take to launch a bank In the end I was told that I'd have to retire as the CEO of the bank by the regulators And we'd have to employ an adult that knew what they were doing I was also told that I'd need to live 60 million in reserves at the Bank of England And I was told that I would have to rehypothecate people's money And it was impossible to not operate a bank off a Ponzi scheme So it was pretty frustrating for me And out of sheer desperation and frustration And I got a message on Facebook from a person in the monetary reform community called Johnny Bitcoin And he said I've sold my house I've sold everything and I've moved into a squat in the old street with a bunch of developers that are Working on this thing called Bitcoin. So it intrigued me researched it a little bit further and We were we were so in debt trying to create a bank where my wife and myself had left our Well-paying jobs at the time. We were about two to three years into trying to make this happen And we just took our last bit of credit card debt And decided to go to Prague and find out what this Bitcoin thing was all about And I was the only finance guy in the room. There were two finance guys actually myself and Max Kaiser And that's where I first met Max. We later went on to invest in many companies that built the industry and really the the energy in the room just really got me because I Wanted to create a bank where people could own their own money people could spend their own money and it was based upon sound monetary principles The money that wasn't created by debt And when I found Bitcoin myself and my wife were like holy shit. We don't need to create a bank We can just build on top of this thing And it should never have succeeded. It was you know, we were just pure desperation Trying to figure out whether this system could work And we just decided to pivot the company And just support the industry so we started investing in companies like bit pay and then later companies like coin based crack and bit stamp in X And many many of the early companies that were building the industry And that was really the foundation of it in terms of what was the mood like at the time It was it was I get a lot of nostalgia about those times because we were really in a shared vision. There was only Bitcoin There was nothing else In fact, the week of the conference the price of Bitcoin crashed from $30 to $3 So there was a 90% correction during that time And no one really cared about price. Everyone was really there for the mission. It was us versus the banks I was welcomed as a finance guy that could actually give some, you know, finance experience I was the evil banker in the Bitcoin conference And we were really just on a mission to to to provide freedom To transact for as many people as possible in this impossible mission where we were never gonna succeed That is amazing. And I just wanted for everybody listening right now What Simon just said it crashed from $30 to $3 and Everybody at that conference was like, man, not a big deal and that's because because me and Simon come from different different past and When we got in obviously Simon got in the very beginning I got in 2017 when everything was going up because I'm like, this sounds like a pretty good deal Then in 2018 it crashed and it's gonna sound funny now Just like it sounds funny when Simon says it but it crashed from $19,000 down to around $5,000 $6,000 So $30 to $3 $20,000 to $5,000 and then of course when we when we hit our all-time high around 68 $69,000 and it dropped all the way down to I mean roughly 30,000 and people in Four or five more years when it goes to who who knows how I could be 250,000 and drops down to you know 100,000 these the things I think just to take a look forward about what it is So Simon that's awesome And I appreciate those stories because if you can't know where you're going until you know where you've been Which leads me to the next point and you talked about it just a little bit. Is it all a Ponzi? So yeah, so right there First of all, I want to say thanks to Simon for coming on it was such a great interview I had to chop it up into three pieces so tomorrow I'll play the second part and then the third part of where he thinks things are going But when he 20 talks about is it a Ponzi scheme and what things are going on it really gets good So I will show that with you so first of all if you are looking for my man Simon Dixon I linked his YouTube channel in the description below and again, he's been everywhere He's been on the Max Kaiser has been the Stansbearer research He's even been quoted by Sir Richard Branson This guy is an OG of OG and is one of those people that if you want to get a little foresight and a little perspective Probably got it to check out so that's what we got and then Again, thanks Simon. That was pretty great. Let's finish this up with a little case of Luna Flip's Ethereum. So yet again Mike Novogratz probably super happy right now. This is what is going on So obviously Tara didn't Tara Luna didn't flip it in market cap But what it did flip it in is the second largest Staked asset that's crazy So some 30 doll 30 billion worth of the tokens are staked for how much they get 7% yield Okay, so this what's going on a price surge and Tara Luna's token of the past week has made up the second largest staked asset among all cryptos Luna surpassed Ether which has just over 28 billion in stake value at the time of writing 30 billion worth of Luna is now staked Which is roughly 34 billion market cap and I'm we're gonna take a look exactly of how they came out of these numbers There's a website. I'm gonna show you where you can go and evaluate yourself But real quick prices of Luna rose nearly 70% Luna's one of the two tokens issued by Tara One of them uses a dollar peg stablecoin to build a global payment system Luna was among the best performing crypto in the past two years with a nearly Technus out 76,000 130 percent rise since the lows of 12 cents 12 cents on March 18th And then Solana's sole token remains the most staked asset with over 40 billion worth of soul on various protocols But just keep this in mind the total value locked On applications built on certain blockchains over 118 billion is still locked on a theorem based apps It's like it's like a black hole. You can't escape it compared to 23 billion on Tara based apps and 7 billion on Solana based apps So again, Ethereum was one of the first first was the first for smart contracts And that's why it does so well right now. Who knows what will happen in the future. They can't fix those gas fees I'm sorry to say I see some things Changing so this is how they came up with it if you go this website staking rewards.com I linked this in the description. You can check it out yourself if what they did was they looked at the Staked value of the token. So obviously if Tara was still at 12 cents, it wouldn't be a total stake value But if you look at the actual Numbers so Solana's number one with 40 billion stake value tears at 30 billion Therian's 28 billion Cardano is number 4 22 at lunch 18 and so on time the fourth so on down the line and if you sort this out by numbers Or the actual just like I would say like regular market cap If it's ever loads up, maybe it won't it will ah Yeah, same same deal, but obviously Ethereum is ranked number two as far as like total market cap But not how much a stake I believe Solana is still above Tara even in that regard. So yeah I mean right now it's looking pretty good for Tara and I will say that it's interesting to me that the guy that in that Invested early in Ethereum and invested super early in Luna. What's gonna Mike Novogratz? So sometimes those VCs They really pick them right and all the different duds that they get who cares because they are Probably multi-billionaires now So let me just think about that about the flipping and let's finish up with some more good news Because we could use some let's be honest and this is gonna go quick Airbnb and eBay So if you don't know me my wife got a couple of properties for Airbnb, and I think this is pretty great if they do this I'll be very happy of two things Airbnb looking to support crypto So I could be accepting crypto for my houses. That'd be great while focusing on free housing for a hundred thousand Ukrainian refugees And this is from the CEO Airbnb is personally supportive of the idea of crypto Of course, I think it's really interesting CEO said I went on Twitter in the beginning of the year and I asked our community If they could launch anything in 2022, what would it be the number one response was to add crypto payments? Well, I just tells you right there Well, Claire from the Airbnb does not have anything regarding crypto payments to announce the CEO emphasize this We are looking into this specific to this crisis as far as getting funds over to Ukraine also if you follow me on at news asset or to actually just go follow the official Twitter account of Ukraine the last three videos the very top of the description There's a way for you to donate if you want to donate to Ukraine You can send them Ethereum or Bitcoin to their Bitcoin their official Bitcoin address and off it goes So Airbnb is gonna get on that also eBay is coming in as well and says hey We're looking to add that in they're going to evaluate other forms of payments that we should take on the platform eBay After being questioned about crypto acceptance Lennon the CEO remarked that eBay is not accepting crypto currently just like Airbnb said however on March 10th We're going to go deeper on all of these things payments Advertising focus categories probably a big powwow the upper echelon of Of the eBay management team, so maybe they'll take a look at this and go time for crypto So again, do I care what Airbnb and eBay think not really but it's all marketing and it's all getting that Information out there people have to see things seven to ten times before they just get it And I think it's the same thing with you Maybe you you didn't invest in the crypto in the very beginning Maybe you're like that's a scam after time You did your own research because your diligence and you're ahead of the game and you said this might some I want to do so again on this channel not financial advice just financial opinion But I think you're in the right place the right time And that's it. So look that is it for the news 22 minutes. Well, it's not too bad And now we'll get into the Q&A section. So if you got to take off, that's okay Get things done thumbs up like the video thumbs down if you didn't tell me why and I'll try to fix it And consider subscribing. I mean you made it all this way and we do this every day It's why I just subscribe I can notify you well actually YouTube does and then let's get into some Q&A And also before you take off there was an article I wanted to get into but I'll do this tomorrow It was there's a blockchain Real-estate company and they're digitalizing property investments. I thought I found it fascinating It was like an REIT a real investment a real estate investment trust They're doing that on the blockchain with their own tokens and I just tweeted out I go Hey, can someone come on the show and They started to follow me and they They sent me messages said sure we'll come on next week So thanks everybody for because I put the tweet out and you guys helped me So thanks for getting that out there and now I'll then read these guys and see what they have to say I think did it. Maybe I can steal all their secrets and that's what's up. All right. Let's get into some questions, huh? See what the heck is going on? Jose Martinez you're my morning fix mine is coffee, but I'll take it. I appreciate it man Thanks for the info. Yes, who does your grass? This guy with two thumbs I do let's see, but it's really easy in Puerto Rico it rains all the time And it's like super healthy here Have you tried bots automate your trading? No, cuz I don't do much trading. That's question number one I don't do much trading if you want to learn about trading. This is not the channel this channel is just about what's going on the news how to sit tight how to not freak the f out and Take your time because time in the market and more important timing I believe but there's other people to if you want to learn about training over James's channel Best answers are Ben over at Cryptoverse are ton of them. It's time. Well, those guys are pretty good I Get in there because I keep every every day I I The same order executes on Voyager and it's all the same cryptos I just been dollar-cost averaging when we go up when we go down as a matter because I know in like three or five years Works out worked out in 2017. I don't see why I wouldn't work out in 2022 Actually, it worked out in 2017 18 19 20 21 22 I don't see why I can't continue to work from 23 24 25 26 That's me. Oh Question number two. Hi Dan. Love the channel. Thanks Michael. Please look a bite out agnostic chain about the launch I had heard that they had already launched a long time ago I remember they did an ICO and they actually reached out to me and I was like, no If they're doing something interesting that that's projects old Cool DJs here. I'm in for the Airbnb down Dan Dow now. I'm just kidding Me and Lucas got to figure that out Oh Question number three Any reason for the lackluster algorim for the last days can't find a reason that can I Algos got algons algos got one problem algos got a superstar team They the utility wise TPS and finality is pretty darn good It really done well the thing that sucks about algo and you can Watch any video on it. It's the tokenomics. It's really Tight with VCs and a lot of people that control those those those tokens and you can't get around that. That's a very long play And it's just unfortunately what it is So I wish they wouldn't done that in the tokenomics But they did and you can watch any other video out there about that or do your own research read the white paper Go through the website, but you'll see that tokenomics are not that great and I own a bunch of algo But I know it's a long long long play That's all I think a lot of don't know that Okay, question number four great question. Hey Rob. Thanks to con is competent always How do you feel about the pressure being applied to balance the moment to cut off Russian transactions? first of all, they did the right thing because I Been in the army. I've been through wars. Nobody likes wars. Okay, and I can guarantee you the majority I can't guarantee anything, but I I think that the majority of the Russian people do not want that war That is Putin and his crazy whacked-out agenda. So when Other countries could go to buy and to go look you got to cut off all of these people From all the crypto. That's not the point of crypto The point of crypto is to give back the power to the people for their finances If you cut them off and you're in you stick them essentially with the ruble Which is now I think it's a penny compared to the dollar that means that they have to go into the ruble That's their only option because they've also been cut off and the government's making them turn in their foreign currency If you do that then you have another situation where you have wheelbarrows of cash Being rolled into the supermarket to buy bread and hyperinflation everything else. I think they did the right thing and I don't think that the Russian people should be punished for the craziness of a mad dictator That's my point. You can you're welcome to disagree with me. That's what I see Question number five great question. You're an RN. I was an RN way back in the day so the future of polygon buy I bought a ton and I just I've been going back and forth with it and I just bought another one this morning I put it on to my dollar cost average list because Polygon if you've ever used polygon to move things around super cheats The only that sucks is going from the ethereum chain over the polygon chain And what sucks is because you got to pay for gas and that's a bummer But when you do that you can move things super fast super easy and super cheap I think polygons be great Also, the fact that polygon studios is in where they they are trying to help these Gaming platforms that have games in the traditional sense move it over to the blockchain Again, so Kishi being one of those. I love that project and I own a bunch of it because I'm super biased obviously so Those types of things that are happening polygons really good pretty good team pretty good tokenomics really really good utility So yes, good question, and then I think I just missed a super chat So I got it someone gonna spend something to spend two bucks I got it. I'll definitely talk to you feelings on a nervous network. I have no idea what it is If you could tell me like give me a little background I give you some information, but again, I didn't invest into it don't know much about it So have no pain And that's it and you will notice that I talk about a lot of cryptos because I invested into a lot of cryptos and digital assets But that's it for today. So look Thanks so much for coming here early. I appreciate it If you like today's video give it a thumbs up Also, if you don't like it thumbs down just tell me why consider subscribing I mean you if you're here at 30 minutes I'm as well And that's all for today. Also, um if you're watching the recording I'll put two more videos on your left and right and you continue this because there's been some really good information The last couple days about what's going on, but that's it for today. So thanks so much for stopping by I do appreciate it and I'll see you on the next one. Bye