 Hello everybody and welcome to Wednesday's livestream. We got a lot of things to go over. So let's just jump right in first As you may tell by the thumbnail and title today we're gonna be talking about Donald Trump and I gotta tell you if there's if there's two things to Alienate friends and family that you can talk about one would be religion and the second one would be politics So without further ado, let's jump into the political side of crypto now on this channel It's it's apolitical. I don't really care who really wins because in my personal opinion all politicians Pretty much a bunch of liars. Let's just be honest But this kind of struck my attention and I'm gonna tell you why so I Actually posted this on Twitter and I had to ask I said I had to ask is this actually AI? Because when I was going through it it kind of seemed a little herky jerky and it didn't seem real But apparently this is actually happening. So Donald Trump If you don't remember was our president before Joe Biden took over and of course you can cheer or boo in the comment section If you want to believe a comment, that's fantastic but before he did these these NFT releases and Now he is doing And I got to tell you what I'm taking a look at this It's just amazing to me and like I'm not gonna play the video I don't want to get copyrighted or anything like that But it's pretty much he's saying like look you buy these cards. They're an NFT collection if you do like 40 here I'm just gonna click on buy now. I'll show you what this is And of course you can sign in you can use like an email and I think you can do something with your bank I'm not for sure But it says here external wallet connect with wallet and it's gonna ask me for my metamask wallet I'm not gonna buy it But I think it's very interesting that the former president of the United States and probably the one who's gonna be The front-runner for the Republican Party I can only assume is going this route and I think it's interesting because before let's be honest Trump was not a big crypto supporter and Biden is not a big crypto supporter Let's just let's just put it out there But I found this interesting that first he's doing that again with the NFT cards So he sees that there is value and using Ethereum at year C20 contracts If that's the one that he's actually going on to when I see it actually looks like it is But it makes me wonder and this is where we get where it comes from Former US president Donald Trump may change crypto stance dramatically says XSEC official and when I tell you who this this guy is it's gonna make some sense and it's not Gary It's in the XSEC. So The US SEC's Commission's former head of internet enforcement says former US president Donald Trump's anti crypto stance may change dramatically now This could all be if he gets into office or not I know some people of you some you hate Donald Trump and some of you love Donald Trump. I'm not here to debate that I'm just saying if he does get in Maybe a stance might have changed Republican appointed SEC chair wanted a minimum approve a Bitcoin exchange traded fund and may even slow down considerably The SEC crypto related enforcement efforts. Let me read that again. So I went one or two fast The SEC's former head of internet enforcement, who is Republican I believe States if Trump gets in and if he has a Republican course, he will say hey, look the SEC is Got a couple Democrats in here. Let's make this a Republican appointed a Republican appointed SEC chair would at a minimum Approve a Bitcoin ETF which may or may not be approved I know people are saying it's 99% there, but who knows and may even slow down considerably SEC crypto related enforcement efforts and that's pretty hefty. I mean SEC is on a rampage suing everybody That's for that's just the truth and just to kind of put this in perspective To a point an SEC chair. Who would that be? Well, just so you know You got five The head is Gary Gensler. We all know him and he's a Democrat apparently and he was part of Clinton's campaign I believe he was a part of a couple other ones as far as Democrats. I want to say that's Hillary Clinton that's not Bill and You've got Mark Ueda. He was a Republican Caroline Crenshaw as a Democrat Hester Pierce who we all know is crypto mom is a Republican and Jaime Lizarraga is a Democrat So you got three Democrats and two Republicans. So If this happens, maybe there could be a switch just saying here's who said it Former US SEC official John Reed Stark has argued that former president Donald Trump could dramatically change his position Former president Trump is on records being strongly anti Bitcoin and anti crypto true Crypto voters might be one issue voters Excuse me crypto voters might be the one issue that voters have a powerful message and passionate constituency So perhaps former president Trump will change his crypto tune dramatically. It's amazing how that works out A lot of people want you to go one way and you're a politician. Sometimes you do it so if you don't know who Mr. Stark is this is John Reed Stark and he is Presently the president John Reed Stark consulting LLC senior lecturing fellow Duke University school law former chief SEC office of internet enforcement and let me tell you right now I follow John He is no fan of crypto I would go so far to say that he dislikes crypto And this is one of his posts on December 4th trying to explain why bitcoin's price continues to rise is like trying to describe The clothing worn by poltergeists for crypto is no value. There's no cash for there's no yield. There's no employees There's no management. There's a balance sheet December 4th So for him to come out and say, yeah, I think Trump could actually change his tune because of the constituents There's some weight to that I have to say and of course for me. I retweeted that. I said, hey, John Don't be salty because you didn't buy enough come on John and John of course Put this back to me. So I at least had a good chuckle out of that one. So That's where we're going again I'm not saying that someone's going to be approved a president or not sound off in the comment section to saying that if this does happen I prefer Hester Pierce over Gary Gensler. And yeah, let me show you think about that also on top of the bitcoin atf news The good news keeps coming Laura shin Journalists as a revised black rock spot bitcoin atf falling Will now allow large u.s banks to act as authorized participants for the funds I've said this for many a year now at least at least a year two years That the banks we've seen a 40 percent reduction in brick and 30 no 35 percent reduction and brick and mortar banks across the united states Why is that it's because the banks aren't really needed so much they're consolidating They're actually losing money and in some of those of those lower tier banks. They're actually going out of business So for me when I see some of this I'm like this only this only makes sense This is a way for them to make money Now I'm not telling you that this is the way that it should be That we should be going through banks for an atf. I'm just saying this is the way it's gonna be Because there's two different things out there. Some people are going to do Cold wallet storage right down the amount of devices and that's fine. That's exactly what I do actually I was gonna be another group is like, I don't I can't do that and I need someone to do it because I'm helpless Not saying they're helpless I just need it because I just don't understand the other other part and I got to kind of piecemeal them in So for that Hey, as long as the umbrella is big enough, I'll welcome anybody who wants to come in. So that's a positive I think if the banks are coming in and say, hey, you want a piece of this Then sure we'll offer this to our customers more adoption so much the better now If it actually collapses, that's on them. That's why I do cold storage on top of that In El Salvador The volcano bond gets the green light and it's set for q1 of 2024 So we don't know especially essentially El Salvador is using the geothermal energy To run bitcoin miners and they're gonna have a fund which is going to be available I don't know if this is available worldwide and to us investors. I'm not 100 for sure Regardless, it's still a step in the right direction. People people can invest into bitcoin I'll be it a step away not the directly But I think it gives an exposure just like people get exposure to micro strategy and also to other bitcoin miners like mara and rye And again, the timing is impeccable q1 of 2024 I like that You know why I like that because obviously that's when the bitcoin having is this was a post I I uh Want to share with everybody as a as a as a piece of of retrospect. This is from coin metrics and they said that In 2024 it will be on the largest and longest crypto bull run yet. Boy. I hope they're right And I just like to remember to hear these numbers because it we sometimes forget 2012 having at the 2012 having, you know, bitcoin was 11 bucks in 2012 Then it roughly a year later. It was $1,100. That's a pretty good gain 2016 the having bitcoin was 650 bucks and then it rocketed all the way 20,000 in 2017 In 2020 It was pretty high. I remember this 8800 and we still went to 69,000 So everybody's excited and they have they have jubilation about what's happening and the price appreciation This isn't anything. We're not even at the having yet. That's not going to happen for like four more months January favorite margin. We got like roughly four months or so. So if you think these prices are amazing, uh Just wait, I think it's going to be a big run up now I'm not saying that we're going to go to a million or a hundred thousand or maybe even an all-time high I can't say that but I'm just saying I think we're on the appreciation stage And that's why I've been investing for quite some time. So there is uh the good news Let's switch to not so moon boyish because in this channel, I don't want you to be like, okay, this is It's a lock. It's going to happen Honey sell the house Kidneys are gone sell those kids. We need more money for bitcoin. It doesn't work like that keep put everything perspective because It all doesn't really work like we think it's going to work I came across this photo from cowboy.crypto and this is gary for some reason sweating like crazy and uh It says remember when get when genso's daughter worked for elizabeth warren and I'm like, I didn't that's why they're so close That's why I always see that picture of him and her talking. I don't know how close they are now But it seems to be the kind of kind of that way and we know that Uh senator warren just put out a piece of legislation a bill that pretty much Is going to do away with self custody and really her crypto assets now before everybody says but rob She's put out like 300 different bills or 400 different bills and zero have passed. I gotta tell you If you're a senator And you put out all those bills not none of them and none of them passed like you're really doing your job I don't know if that's really how it works unless they just use her for you know To actually vote on things again my here for politics, but it seems kind of weird that you're a politician and where your jobs is to to vote on bills and to and to put in bills To help the constituents in your state and your o for 452 or something like that That's a hell of a batting average and it's awful regardless This thing makes me gives me pause. This is from uh john dean and for the xrp community. They know exactly who this is and he says Her let me build this up Her bill is a big deal nine u.s senators have joined her so when everybody's talking about like she'll never get it through But hey nine senators have joined her You get two senators per state. We got 50 states. That's 100. I know it's not that much But they've already joined her so maybe there's something behind that Including republicans and independence and as a reminder Elizabeth warren is a democrat As I've said if you're taking talking about people Elizabeth warren is in this is the single biggest threat to crypto in the united states it's not genzler Because genzler takes his marching orders from warren and I was like that's not true and I was like, oh, yeah, maybe it could be So we'll see how this all works out Moving in the future a lot of people said that the etf is 99 approved I for one hope it's approved I really I know there's gonna be a massive amount of money or a good amount of money It's going to come in it could be a buy them or sell the news But even if it's not I just want to tell everybody the narrative is already there The massive amounts of of money and funds that are actually here like the black rocks the fidelity isn't everybody else You got trillions of assets under management and it's saying we want bitcoin and the reason why we want bitcoin is not because of us personally It's because of our clients want bitcoin the narrative is already there. So it's not a question of of when Or not a question of excuse me. It's a question of when and I think we're on the right track Even if things don't really work out. Let me just think about that story in the comment section and lastly There are some things that actually are Interesting and still gives me perspective and a little bit of positivity for politicians, this is uh rostin Benham and he is the acting chair of the cftc And what he said on squawk by this was a couple of days ago I took a couple of days off have been doing some other things And this is about a minute or so. I want you to listen to this because He's for the commodities, right? And I always thought there was like a big discourse Between the sec and the cftc and really what it was but just listen to this piece that he says here. Let me Make sure you can hear this the right way I want this I want this crystal clear As far as audio goes just take a listen about a minute Andrew's going to ask him a question It's a lot of focus on stable point What do you see is the distinction between the way you think about crypto and the way gary gensler just thinks about crypto Well, you know, we have the products trading on our markets And I think really and we've talked about this in the past. It's a matter of What is the investor? What is the buyer of the tokens getting with its purchase of a token, whether it's bitcoin, eth or anything else? And you know, I I've said this very clearly. I've said it many times I stick to what we have as the legal precedent and what we're seeing on our markets and You know under existing law Many of the tokens constitute commodities and under this rubric There is a gap in regulation and I need congress to step in and the fact of the matter is we've literally been talking about this for years And we still don't have a regulated environment or a regulated entity. It's crazy. I like when It is crazy and it's not going to move any faster because congress moves At the speed of smell, I swear, but uh There you go right there from the cftc chair. He's saying essentially like look From the guidelines that we have right now and what's in place Most of these cryptos that are out there are a commodity and that's where me and gary ginsler Disagree and he's gonna go on and say that uh, you know, we don't have issues and we don't fight But of course, he's just saying that Uh, I would assume that they it's a it's a it's a turf war just a little bit because they want a little bit of control Over those sections, but again, uh, I know people would say it's an open and shut case It's it's definitely a security. Well, here's a gentleman here that says And he's in the right position to to give us some information. Yes, they are commodities So again, it gives me a little bit of hope about about that moving forward So all the things we talk about things again looking pretty positive then to finish up Just want to uh have people aware of this I put this tweet out about ledger and It was a researcher finds data harvesting inside ledger live app And really what it comes down to is this there is a screen if you have a ledger a ledger I don't know what they're doing for the data on the analytics Some people have said that the data that they're collecting is just in-house and they're doing that because they Want to be aware of what functions well and what doesn't function well So what then the when they have the different upgrades that come in they can fix the bugs and that's why They're asking for this analytics and some people on the other side will say no No, they're asking for this analytics because they're tracking everything that you do and all the different clicks And they're reporting it to the whatever the cia Whatever you want to say, but I'm just saying that doesn't really matter because if If you have ledger and you have ledger live Just go to the settings and you can turn it off And for some reason like I don't turn these on automatically But when I took a look at the settings and it's under analytics right here Analytics enable analytics to help ledger improve user experience. This includes clicks page visits redirections And it was on so you can turn it off. This is just a PSA I'm not gonna you know say anything negative about ledger. It's just that's just what it is Maybe it's on. Maybe it's not mine was on a couple people told me that theirs was on just so you're aware On top of that Excuse me. There's another article Which other developers have said, yeah, uh, the same thing happens in metamask the same thing happens in avalanche And it's all right there and metamask you can also turn those settings off Avalanche that just happens in the background. So to me it just comes on down to like this Like if you're doing anything any transactions online Pretty much the data that you have there they're gonna take any out They want your data. They're gonna get your data and even as good as ledger is I will remind everybody There has been no hack for ledger whatsoever Except for your personal data That did get slipped through. Yes, that is true But uh, that has has had no hacks on your crypto me personally. I just use a tangem I use tangem ledger and elapal And some people like tracer and some other things but those are the three that I use but uh, that's all we have And uh, just wanted to clear that up and then lastly lastly bonk It's one of my I think this is the this is the doge corner of the cycle because it's built on salana It's down 12 percent. It's actually down like 24 percent, which is uh, you know, this is another another, uh buy the rumor sell the news Uh coinbase just came out 17 hours ago and said hey good news. We just listed bonk Everybody knew they were gonna list bonk like two days ago So everybody bought it out that pumped and now it's down whatever it is But it's actually recovering. So another thing that's just happened buy the rumor sell the news be aware That's a real thing And then before we get into the q&a just as a quick reminder I just did another dan d gen Video so if bonk isn't risky enough for you as a meme coin Here's some other risky stuff and this is the ones that I don't even put this on this channel Uh, because it's super risky. It's what I call it dan d gen But it's a launchpad. It's called 10 set. I've been talking with this quite uh quite a bit And I'm talking about why I'm using it the new projects that they're launching how you get in early How the token looks and we just go over a deep dive And actually, uh, there's a tweet there's a link in the description for the video and for the tweet I just this this tweet just went live two hours ago And I'm actually giving away 5,010 cent tokens to five lucky winners. That means it's a thousand per winner Let me do some quick math a thousand times. Yeah, that's right Which is like uh 500 600 bucks somewhere around there because the the token's worth like 60 cents right now It used to be worth 6,050 cents. So I'm just saying that could be pretty big as time goes on All you got to do is watch the deep dive video Follow news asset follow 10 set retweet the post and I'll do a live drawing next week For everybody who wants to get in but again The video is out check that launchpad out again. Super risky, but that's here for our day. So look If you like today's video give it a thumbs up consider subscribing everything we talk about is time sensitive