 Welcome to Jalassette News, the top stories in cryptocurrency Jalassettes and break them down to bite-sized pieces today as if the news couldn't get bullish enough. Fund Manager Guggenheim Global, a multi-billion-dollar fund management company, their chief investment officer Scott Menard says that Bitcoin is actually worth 400,000 and they have been investing for quite a long time. Interesting story. Well, US Bank Quantik launches a Bitcoin Rewards Checking Account with debit card and again it's another case of the banks coming in because they don't want to get blockbustered. And finally it's not how much you make, it's how much you keep. Popular browsers like Google are failing to catch copyright crypto sites, scams make the top results and what you can do to avoid losing all your crypto. So again all that but first we have to do two things. First of all, thanks everybody who has signed up for the DNews Cardano staking pool. We've almost hit 9 million addelegates so this is fantastic, I really appreciate it. If you're looking to stake to a stake pool for Cardano, there'll be a link in the description looks just like this and it'll take you to our explainer page, just click on wallets, it'll go all the way down and watch the quick 13 minute video to give you the whole scoop. Also we need to continue on with our 12 days of Christmas, it's been pretty awesome so far. We've had six winners, we've had four for the Stonebook, two for the Legend 0x and tonight we will be drawing for the extra wallet. Unfortunately I could only score one of these wallets because they are so nice, I got one myself. Actually I got the metal one, not the leather premium quality one but they're still pretty good. They can store six of my cards, I never lose it because there's this nice little chip in there so if I have ever lost my wallet I can just track it on my phone which if you ever lost your wallet you know how important that is and then the third thing is like it takes care of all the different bulk so I really like this wallet. What I'm going to do right now, let's draw to see who gets it. So we already talked about this in today's earlier video where I talked about how I had sold some of my Bitcoin and I got to tell you, every video that I do or most videos there's a lot of thumbs up and not that many thumbs down. It's like around a thousand, there's always around a thousand thumbs up, some around there like 10 or 11 thumbs down. I always think it's like Jamie Dimon or somebody who's doing that. So like with this video I'm like damn I got a hundred thumbs down. I think it's because people don't like to hear me talk about selling any of my cryptocurrency because I'm always talking about dollar-cost averaging, slowly accumulating and I've been very consistent since I started this channel and then this is the very first video I've ever done where I said hey I took profits and I took profits because I talked about it because it is in my exit strategy. I know people say well this is different and so on and so forth. Sure it's different but the thing is is that I have a plan I'm sticking to it. Now my next price point to sell is at 50,000 so I think we've got a way to go. So let's see who gets them on a randomly scroll down and Alex O'Sullivan. Congratulations you're going to win a new extra wallet so that's good. So Alex just do me a favor just go to danteaterscrypto.com and then click on the contact tab right here. Shoot me an email, send me your information and I'll ship you out that awesome wallet. And if you didn't win any of the prizes not to worry you can take a look in the description of one of my videos. You can get back to the 12 days of Christmas giveaway page by clicking right here. Or if you want to go to the individual product like the extra wallet here it is nano ledger where you can get 20% off the stone book or shield folio right here. Or again you can just click right on here for the 12 days of Christmas. It'll take you right back to this page and it'll be the same type of thing you can click on there. And go to the recommended page and pick up whatever you want. Like over here 25% off, 35% off not too shabby and there it all is. Alright so let's break in. Anything new today? Yeah I think so. Bitcoin hit 21.5. No big deal just the all-time high and that's not too bad. So we will take it right? So right now it is around 6 p.m. El Paso Texas time getting this one done late. A lot of things are going on but here we are. But yeah I mean pretty good day and you know what's great about today? You get to hear from all the people you've only heard from very rarely to call you up and go hey man what's up with this bitcoin? Have you heard about bitcoin? Hey I know you used to talk about bitcoin so what's up with that? Yeah it's the same thing I told you for years about the same thing and now you want to come to me? Well I'll still help you because I just tell him. But yeah it's just one of those things so just get ready because people are going to start to you know really crowd you out and be like hey how do I get this how do I get that? So just be gentle just be nice remember we are ambassadors for this space so it finally hopefully they can get it. Now I don't think that people are really going to really really come in until it starts to hit 25 and 30 thousand because when people start to hear about the price they're like well what's the price? 20,000 what was the what was the highest point? 20,000? Yeah okay well just went back to original. When they start to hear that it's at that all-time high a little bit more plus it was at $4,000 in March plus it's all these different price predictions of 100, 150, we're going to go over one it's 400,000 then they're going to really take notice that's just my personal opinion what do you think let me know in the comment section but here's what we got for price action Ethereum wow real big jump almost 11 648 XRP watch out 26 percent that's huge whopping 57 cents that's great how did nobody cares like coin hey pretty good seven 20 percent for the week and it's in that solidly in that number five spot it's got about 300 million or so of a bitcoin cash but let's you don't really should ask what's down that's the real question because everything is a file coin point one how can you not make it on a day like this yeah everything's up good for you so let's just do really quick take a look at if we would just invest in bitcoin how would we have done against the all-it-well XRP at about 14 percent so congratulations XRP army you approve the max he's wrong litecoin five percent seven percent for stellar wow not so much so still bitcoins are pretty safe bets again when you start to go lower you can make a lot more as far as like gains the farther down you go but just a little bit more risky and that's up to you if that's why I diversified my portfolio I mean most of it's bitcoin Ethereum but I got a lot of other ones that just that's just me all right let's jump into today's top story because I found this one fascinating on a couple of levels so first up this is Scott Menard or Minard I don't know how to say his name seems like a nice guy but things he says I'm like he's sons of guns I knew it so first of all who is Guggenheim well Guggenheim global asset management investment advisory division of Guggenheim partners and is more than 233 billion in total assets across income equity and alternative strategies they focus on insurance companies corporate and public pension funds remember that word pension funds sovereign wealth funds endowments and foundations wealth managers and high net worth investors and blah blah so great they got a lot of money good for them so what is interesting about this one is the the first 15 seconds listen to this just listen to this of course we made the decision to start allocating toward bitcoin when bitcoin was at 10 000 look at that we were allocating when bitcoin was 10 000 for every micro strategy that is out there that is public about it I think there's like 20 companies in the shadows under the secrecy of darkness who is actually accumulating bitcoin right now and that's what scott's really saying hey we were already doing it and we're not telling everybody though and here they are but the next part is not only did it blow my mind but listen to the announcer or the the interviewer she's like uh um it's it's a little more challenging uh with the current price closer to 20 000 amazing you know over a very short period of time how big of a run-up we've had but having said that our our fundamental work shows that bitcoin uh should be worth about 400 000 dollars whoa whoa yeah whoa is right and first of all all that paper shuffling and heavy breathing that's not me that's the the interviewer some guy that you'll see in a bit but uh I can't help that it's just a volume anyhow this statement is so crazy they have to like put things on hold take a listen we had the ability to do so today we're going to monitor the market and see how trading goes uh right valuation but ultimately want to buy it scott minor we want to delay the fed press conference for this comment by you how do you frame a 400 000 uh bitcoin how do you get from where we are now out to 400 000 is it just based on scarcity uh yeah right um it's based on the scarcity and relative valuations such as things like gold uh as a percentage of gdp so you know bitcoin is actually has a lot of the attributes of gold um and at the same time has an unusual value in terms of transactions right mike mckay emails me why are we talking about bitdog while we've got a fed press conference going on mckay jump jump in here and save this fed you know we're going to get emails from people about bitcoin so that was great they uh totally sidestepped uh the whole fed press conference because they're like this is way more interesting and it is because what the fed gonna tell you hey guess what we printed some more money wow shocker nobody cares that's just how it is you know that reminds me when he's talks about gold and attributes of gold this reminds me of when van ek put out their investment case for bitcoin this was january and people thought it was a little bit strange because van ek is a is a pretty big gold bug company they were heavy into gold for quite some time but they pretty much just laid it out and said you know what uh gold is uh inferior to bitcoin and they just pretty much laid it out exactly why it is and they gave this to all their investors so when scott here from guggenheim says you know what it's not uh it's just like gold and it's it has some some superior qualities it only makes sense and the people that really should be worried are the people that are like heavily heavily heavily into gold like if you don't diversify and you don't have some exposure to bitcoin that's the risky part and yeah let me know what you think in the comment section let's move on next up this was interesting because i'm like man banks are really going hard into crypto u.s bank quantic launches bitcoin rewards checking accounts with debit card first i was like i've never heard of quantic i don't know who they are i don't know where they are so i take a look quantic uh us-based it's in manhattan new york uh they got additional locations in estoria new york melville new york fleshing miami and florida they're not very big i mean they were only around since uh what's 12 11 years or so only have 220 employees but it is something to be said that a branch bank is coming about and going you know what we're going to give you rewards in bitcoin to attractive customers i like these types of of industries or or type of companies that are forward thinking this is a bank that isn't too big they're not you know pushed down by layers and layers of management and they can be nimble and they can make changes on the fly and that i think is why they've done something like this you're not going to see uh a jp morgan and a walls fargo roll this out because there are so many layers of legality and different people to go through it'd be very tough but a smaller bank i think could do this and this is uh proof positive so here is exactly what's going on the announcement states kwanzik is the first fdic insured financial institution in the u.s to go live with a bitcoin rewards debit card quantic customers can earn one and a half percent in bitcoin on eligible debit card purchases when i saw this i'm like you know what i would bank there i would definitely bank there because why not the bank is part of this how i did it they part with n white dig a company that helped mass mutual get a hundred million dollars worth of bitcoin to custody it they're going to provide kwanzik with a secure custody platform to manage the rewards because again these institutions they can't hold themselves they have to have so many custody for them and that's where the middle man makes all the money n white dig good for them there's a little catch though uh the balances of the rewards and the customers n white dig accounts are not subject to fdic or sipc protection so apparently if it gets hacked i guess you're you're s o l i suppose i don't know how that works n white dig i would assume would have some kind of insurance but i have no idea uh bitcoin is getting massive momentum both as a digital currency an asset class and as a store of wealth kwantik ceo steven schnaul commented me states this this is of particular importance today given that the federal government printed an additional three trillion of money in 2020 in response to cova 19 and the accompanying risk of inflation and dollar devaluation i found this very interesting that the ceo of a bank would say you know what uh this these darn fed reserve their print way too much money to me i was like what the heck is going on up is down black is white it's crazy but uh hey here we are in addition kwantik is part of with uh new york stock exchange listed fidelity national information services to build a mobile app with bitcoin rewards tracking reporting and functionality we decided to launch in q2 of 2021 again i cannot stress this enough this is probably going to be no i'm sorry i messed that up this is the biggest year 2021 is going to be the biggest year in cryptocurrency assets if you followed along with me on the channel thanks appreciated i've always said the same thing dollar cost average uh you make all the money when it's boring when there is dips and when everything is moving sideways you just trudge along you do your job you bring a little lunchbox to work and you do your thing and that thing is just to pick up cryptocurrency assets along the way now we get to reap the rewards of everything that we've done in all these years let me reach thing in the comment section let's move on to our last piece last up this is like a ps a because i hate scammers uh popular browsers like google fail to catch copyright or copycat crypto site scams and blah blah blah this is a problem this is a problem in my even in the comment section you're gonna see a bunch of people like that have my same logo and they're gonna say hey contact me on instagram for i don't have instagram i'm old i don't have that stuff and uh and they're gonna tell you that you use this number and call me it's just stupid and i always put the little disclaimer at the very top looks something like this let me pull this up scam alert i don't recommend investors rise against the grand personalities and dot it out it's all a scam because it's dumb and but people will fall for it because they just don't know so i have to put it in there every single freaking time it sucks but what would suck even more is that people lose their money on my watch and i won't allow that to happen so there's that there's also one that really ticks me off is that uh there's somebody who they they have an email of digital asset new without the s at gmail.com and they'll email you and they'll say hey i got a great promotion you should check out my trading program which is just dumb because i don't do any of that and people will will email me like hey uh did you send this to me and like no so just be on the lookout for that but this is something we can this article this is something we can easily spot out and super simple so they give an example of there's a website called strong you tech and the real web page is really called strong you dot com dot cn so this one right here if i'm scrolling through uh google and i see this at the very top of google because this is number one right this number two and i'm looking for strong you and it says strong you check i might click on it because i don't know what the heck it is apparently it's a mining operation but i mean you see how close this is and not only that but it's like on the second spot so whoever these scammers are they're pretty good at seo they're pretty good at gaming the system and being on the front or top page of google which is you know not super hard to do but it is a little bit difficult if you don't know so that's a problem and that's why i'm always harping on everybody that if you want to go to uh one of these exchanges or wallets just look in the description of every one of my videos there's a link looks just like this it'll take you to the exchange and wallets fees and i have all the links right there now you can sign up or use the fill links or not it doesn't matter you can click on whatever else but these the links to the official uh exchanges and wallets they're all right there for you so um when i get to this little piece right here did you know that six years ago uh coinbase was spoofed there was a there's a webpage called coinbase.re and this is what i'm concerned about coming in 2021 the scammers are going to be out heavy because they want to make money and they're going to make a lot of money so you're going to see stuff like this people are going to go there they're going to sign up they're going to put their debit card in and they're going to link their bank and they're going to lose thousands tens of thousands hundreds of thousands of dollars it's it's inevitable so that's why i need you to be smart and i need you to be the voice of reason so when people talk to you like hey what's up with bitcoin you don't shut them away and be like i told you fool for three years you just try to be nice to them like hey let me help you let me show you this is a pretty difficult world if you if you don't know these are the right places this is what you need to do i don't want you to get scammed that's all i ask so like the history here was this coinbase customer uh they logged in because they thought it was the right site they use their credentials and they of course took all their money which sucks and then and also you got stuff like this just like we have ads in youtube the scammers will actually post ads through google adwords and they'll be at the very top so like look at this this is ian colman.com i don't know what that is and then this one it's it's m-e-n and then m-a-n and one is a scam which is the one at the very top which is the ad and this is the real one so like again if you're not if you're not initiated you would like whatever and i'd just go that way and then we know about the rest of them right so again treat everything like a scam even if you get something from me everything's a scam until proven otherwise and you'd be okay if you get stuff like this go to the official website send them an email like hey is this right because i just got this email that said that i need to you know give some personal information for my ledger or personal information for binance to reset some da-da-da just go do that and usually only takes 24 hours at most and you should be okay and uh that's it so anyhow thanks for hanging with me for the whole whole show i really appreciate it if you like these types of videos there's gonna be too much gonna pop up on your left and right i'm not sure i'll let youtube do their magic there and uh just check those other videos out if you got time so again thanks uh appreciate it and i will see you on the next one