 Welcome to Digital Asset News, a top stories in crypto. I'm bringing out a bite-sized pieces. Today, just like the thumbnail suggests, this is some of the best advice I've ever seen as far as investing. Now, what we're going to do is we're going to take a look as we're going to take a trip down memory lane and take a listen to Peter Lynch. He was the president of the Magellan hedge fund, which is one of the most successful hedge funds almost of all time. It's out to the S&P 500 numerous years. And he's going to talk about how there's a lot of things to be concerned about. And you really shouldn't be too concerned about these things on top of the fact that what goes up must come down. And then if we just let go of some of the fears, usually, things work themselves out. And we'll take a look at what's going on there on top of the fact that Wells Fargo starts offering crypto investments to clients, which is kind of odd, because they just told everybody to stay away. Now, all of a sudden, just like every other bank and institution out there, now they're all getting back into cryptocurrency assets and offering it to their wealthy clients. Surprise, surprise. And then we'll take a look at Cardano finally getting approval for listing in the tough Japanese market. This is great news as far as in the Asian markets. But this is where the heels of Cardano coming out with their smart contracts as the Alonzo integration rolls forward. And we'll see that around September. And then finally, we'll take a look at what's going on with the charity for the DNews Cardano Steak Pool. So we're going to all those things. But first, let's take a look at the market. So today, I wanted to talk to you about that Peter Lynch video, because there's so much ambivalence. There's so much bifurcation as far as where things can go. Could they go up? Could they go down? And there's so much volatility right now. And people are somewhat concerned. Some people, some people are not. Some people know what time it is. They're like, we really don't care. We know where it's going. But I just need to show this just to kind of give you like the big thousand foot view of what's going on. So real quick, total market cap today, we're looking at $1.56 trillion. So yeah, we were up at $1.7 then we went down. Heck, we were at $2.5 trillion at one point. And then here we are. And it's just, this is our market. This is very highly volatile. And the thing is, can you stomach it? That's really what it comes down to. It's not about brain power. I'll let Peter Lynch talk to you about brain power. But it's really just, can you take the good with the bad and kind of go with the flow? So Bitcoin's down. We're at $38.1. Ethereum is holding pretty strong, $24.88. I'm just, from now on, I'm just going to go over the top three coins. And Binance coin here is a negative three. And Tether is just a stable coin. So it really doesn't count. But if you're into trading, take a look in the description for Trade the Chain. Take a look at these with the one hour projected range, 90% accuracy. Look at Perlin, Redcoin, Perpetual, Quant, Enginecoin, ZeroX, and Augur, and Zillica. So see what's going on. Might be a good play there. All right. So what I want to do is just get into today's top story, which is, of course, the Peter Lynch crypto lessons. And I found this one fascinating. This one, it's from a YouTube channel called Investor Center. It's a definite subscribe to, I actually tweeted this out two or three days ago. And I'm just going to have Peter Lynch talk to you about what this was. This was back in 97. This was quite some time ago. And you might be asking yourself, you're not familiar, like, who's Peter Lynch? And why is Rob talking about Peter Lynch? Who cares? Well, Peter Lynch, manager of the Magellan Fund at Fidelity Investments between 77 and 1990. Lynch averaged a 30% annual return, which is consistently more than the S&P 500, making it the best performing mutual fund in the world. I think maybe perhaps ever. And what was shocking to me is that a 30% return, and people are like, oh, well, it's just a mutual fund. But how good is that? Well, over time, mutual funds don't do that hot. And if you remember this thing called Buffett's Bet, Warren Buffett came out and said, look, you guys are overpricing everything. You're making too complex. Everybody should just invest in the S&P 500 as far as an index fund. And in 2008, he issued a challenge to the hedge fund industry, all of them, and said, look, I will pay you a million dollars if you can beat the S&P 500 over a specific amount of time. I think it was like a 10 years. And the only one that took him up was Prodigy Partners. And here's what happened. Prodigy co-founder, who left the fund in 2015, conceded defeat ahead of the contest, scheduled a wrap-up on December 31, 2017, states, for all intents and purposes, the game is over and I lost. So that's very telling just so you know, that all of the hedge funds out there, I mean, a million dollars is nothing to sneeze at, right? And they all just said, no, we're not taking that. Only one did it. And they got the pants beat off them. So that's why it's so impressive to me that Peter Lynch could come here and do 30%, which is way more than the S&P 500, which is roughly 10%. So he could 3X it. So this is why I like to listen to smart money. So I'm just going to let Peter talk to you about why it's just important just to calm down, take a look at the big picture. And it doesn't really matter if you don't know where things are going because guess what? Neither did Peter Lynch. Let's take a listen. See, everybody's got the brain power to do well and start. My question is whether you have the stomach. That's the key organ in the body. There's always something to worry about. There's always something to worry about. And how many times have you heard some sensational headline or something like it's going to go to zero or some gold bugs like it's going to get banned or there's a new story about some government entity going, we're going to ban Bitcoin from existence and it's never going to get around. Look, I haven't been in this game since 2017. Some people have been around a lot longer than I have and we've seen it all. I'll be honest with you. And it never really comes to pass. So really what I want to do is have Peter talk to you real quick and give you a timeline just about how much sensationalism and negativity is out there. And in reality, it really just really does get worked out. Take a listen. There's always something to worry about. In the 50s, it was a depression and nuclear war. The 50s was the best decade this century for the stock market, except for the 80s. Only slightly better. These are only slightly better. People, they expect a lot. We're okay. It wasn't a great decade. They just didn't expect much. We made it through. And stock market was terrific. Do you remember when oil went from four to 40? Remember that period? Oil went from four to 40. And the expert said it was going to go to 100. And all the countries of the world are going to go bankrupt. And then the big banks are going to go bankrupt. And we're going to have a great depression. And the stock market's going down. And you're going to wind up selling pencils and apples. The oil went from four to 40. And the expert said it was going to go to 100. Within two years, oil was at 14. The experts, now much higher paid at this point, are saying it's going to go to four and we're going to have a depression. And people believe it again. I remember when the money supply was growing too fast. They said we're going to have a depression. They were going too slow. We're going to have a depression. Remember the LDC debt? Remember the LDC debt? All the banks, our banks are very smart. They land all their net worths in Zimbabwe and Botswana and both Botswana and all these countries. Chile, a lot of countries they can't pronounce. It's Chase, Manhattan and Chemical, a manufacturer's handover. These countries weren't doing so well. Then they were called undeveloped countries or less developed countries. Now you have to call them emerging countries. It's not politically correct to call anybody an undeveloped country. It's like I just found out the other day that the term for somebody that's overweight is laterally challenged. But these are LDC debt. They're all going to go bankrupt and we're going to have a depression. Then the mid-east was going on the world. Remember that one? The mid-east is going on the world and we're going to buy our bonds and market crashing and we're going to have a depression. Then Japan was going on the world. Japan was going to have all the assets and they were going to buy our bonds and we're going to have a depression. Within three years, the Nikai Dow had gone from $40,000 to $16,000. The banking system was in trouble and people said Japan was going to collapse and we're going to have a depression. So doesn't that sound like something today? Don't you try on the news or take a look at the headlines or even take a look at YouTube and Twitter and Instagram and every other different social media platform and just see nothing but negativity everywhere and it's all going to go to zero. It's all awful. Well, guess what, folks? It's all for clicks. It's all for sensationalism. It's all to get you to fear and because studies have shown that if you have the difference between a positive story and a negative story, most people will click on the negative because there's something in our brain that's hardwired as far as fear and fight or flight. So that's just how it is. So when all these different stories come out, that's why on this channel, I know some people say, you know, Rob, you're a little bit too optimistic. Well, I'm just trying to balance out all the negativity out there and that's it. I can't tell you when things are going to happen. I just know that good things are on the horizon. That's all I can tell you. So then on top of that, I found the most interesting thing about what Peter says here is that I mean, as great as he was as far as like managing that mutual fund, he had no idea what the market was going to do and this I think is the most telling. So when people tell you, oh, I know where it's going, it's because of going this because of this. How many times those people are actually wrong? How many times do you circle back and follow up with them? How many times do you actually take a look at what they're talking about and go, you know what? You were right. This, this, this and this. Sometimes I swear to God, it's just a bunch of weathermen out there. It's the only group that can keep their job after a thousand times being wrong and being one time right. Anyhow, take a listen to this. Here, you know, so I have no idea when the markets can go down and no idea when it's going to go up. I'm totally shocked the market was 4,000, one half years ago, it goes 8,000. I had no idea about this. Very surprised to me, but I'll guarantee you the market will be a lot higher in 15 years. It will be a lot higher in 25 years. What it's going to do in the next one or two years, I don't have any idea. And if somebody in this room knows about it, they're not telling it. Or they're not in this room. They're down in Spring Center. So yeah, again, so how many people do you know that could have gotten into, I mean, even just stocks or mostly cryptocurrency years ago, but they were told, no, no, too risky. No, no, it's going to get banned. No, no, China's doing this. No, no, American government's doing this. No, no, the banks don't approve of it. Da, da, da, da, da, down, down you go. And now here we are. And nobody knows. Nobody has any idea. But I mean, again, one of the best investors of all time is like, I had no idea, but all he did was play the long game. And that's the ones who usually make the best gains, just ones that play the long game and are patient. And then the last one, I'm going to just finish up with this. And this is just a quick timeline of just how much, how expansive things are as far as in the traditional market and how I think it's going to carry over the crypto markets. Take a listen. I don't worry about that. I know we've had 96 years of century and the markets fall 53 times, with 53 declines of 10% or more. So 53 declines in 96 years, once every two years, we have a 10% decline. Of the 53 declines, 15, 15 have been 25 years. So 15 and 96 years, but once every six years, the market falls 25% or so. That's what we call a bear market. And it's going to happen. I don't care what is going to happen. I would love to know. I obviously would be very useful to know what is going to happen. It doesn't make a difference to me. Corporate products will be a lot higher eight years from now, a lot higher 16 years now, a lot higher 30 years from now. That's what I deal with. Exactly. He just, he pretty much just told you his whole secret. He's like, I don't care what's going to happen the next month, two months, six months, a year, two years. I'm here for the long haul. And that's what I'm all about. And that's pretty much the same thing here. I don't know what's going to happen tomorrow or the next week or a month. I see good things coming up, but I can't tell you when. And again, what goes down, I think, will go up eventually. It's not like it goes all the way down. Even like, here's a great example, even Hertz Rent-A-Car, which was being made fun of by everybody because all the millennial investors and Gen X and Gen Y and Gen Z or whatever else it is, they were piling into Hertz because it was such a low stock to buy. But guess what? It was a bankruptcy. And they're making fun of them like, you morons, you have no idea, but guess what? All they had to do was wait. And they came out of bankruptcy. And guess who got rewarded the most? The ones who paid for Hertz Rent-A-Car. And I don't know how much it is right now, but those guys made a killing. So again, just taking a look at history from the, you know, lessons from the past. You can kind of see where things are going. Don't look at the short term, when in doubt, zoom out. I see there's a lot of good things I could care less. I couldn't, excuse me, I couldn't care less about what's going on today or tomorrow or next week or a month or six months. I see some good things happening. I just don't know when. Anyhow, let me just think about that in the comments section. And let's finish up with a couple of quick articles where we talk about Wells Fargo and crypto. So I always find this fascinating because, you know, Wells Fargo and the big banks like stay away from crypto and here they are. So what's happening here? This just broke today. Spokesperson for American Financial Services company Wells Fargo reportedly confirmed that they are going to offer cryptocurrency investments to its clients. Wells Fargo wealth and investment management arm, which includes the firm's private banking services and Wells Fargo visors overseas nearly two trillion assets. And now they're going to be offering crypto. That sounds pretty good. Dale Cronk, that's a good name, Cronk, the president of Wells Fargo Investment Institute states, we think the crypto space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investment, investable asset. I can just tell you right now, they didn't come to that conclusion last week or today. This has been in the pipeline for quite some time. They plan. And lastly, just as you remember, Goldman Sachs said in May that Bitcoin had become an investable asset and clients are training it as a new asset class, even though a year prior they did a phone call with all their investors and didn't even mention it or just said it wasn't even an investment class. And they said, yes, it is. And JP Morgan also says clients see crypto as an asset and want to invest into it. So when people are talking about where's crypto going, it's going to be banned and it's not going to be banned. There's too much money sloshing around. And that is that for that story. And then some good news for Cardano, which people, you know, some people don't like Cardano, so people love Cardano. I happen to own a lot of it. I think it's going to do pretty well. Well, Cardano just got approved for listing in this tough Japanese market. I think it's called Bitpoint. Yeah, Cardano has been approved for a listing in a Japanese crypto exchange called Bitpoint, which makes it one of the few other digital assets listed on Japanese exchanges. Trading of ADA on the exchange will start late this month. It's pretty fast, according to an announcement made today by Bitpoint on its website. And then this was interesting to me. Japan has strict rules for listings. And because of that, only several coins and tokens make it to listing in the country's exchanges. CTO and co-founder of DC Spark said following the news that ADA's new listing in Japan is equivalent to a listing on Coinbase in the US. If there are any Japanese listeners, if you could confirm or deny that in the comment section, that would be great. I'd love to know. And then also, Japan has been reorganizing the crypto industry with very strict regulations. But about 4% of its citizens still own and trade digital assets. Only 4%. That's crazy. The industry is now picking up following the hefty regulations with figures from the Japan Virtual and Crypto Assets Exchange Association, showing an explosion of crypto transactions this year so far compared to last year. So again, if you're from Japan, if you could just chime in in the comment section, that would be fantastic because these are just the stories I'd love to get a little confirmation. So let me know what you think about that in the comment section. I think this is good or bad or indifferent. And let's move on to our last piece, which, hey, charity. Here's the thing. Just like that thing that spins about my head constantly, Dan teaches crypto. It's 100% free website. And if you are just beginning or medium to advance, there's a lot of different things now that you can learn from all the different things that I've accumulated and the people that I've talked to throughout the years I put there on that website. Again, 100% free. I made it free because some people can't afford a paid website depending on which country that you live in. So I made it free. But on the website, you can also find information about the DNews Stake Pool. And what we do is you can go there, link's in the description, watch the video, I explain exactly how to delegate. But what we try to do is once a month is to, well, we're supposed to do 108 every week. I get busy, so I just kind of jam it all in the very last month or the first of the week, the first week, and give to kiva.org. And kiva.org, if you don't know, it's an investment platform where you can give these micro loans out to people that are struggling throughout third-world countries and developing or like Peter Lynch said, emerging countries. And I just donate this money. Now, they pay back. There's a pretty high payback rate. They don't all pay back, but it is what it is. And as they pay back, I just roll that back in. So it's 100 ADA, which could be whatever it is, and I just give the money away and then off it goes. So for everybody, if you're looking to stake to DNews, part of that will go to kiva. And then the money that we get paid back, we just reinvest right back into it. So that is it. There's a link in the description also for kiva.org. And that is it for today. So look, I hope that helped a little bit because I know for me, when I look at things and I'm thinking to myself, where are things going? There's some negative stuff going on here or there's some really awful things going on. I just try to take a step back and go, okay, this is what's going on as far as investments. And I try to take a look at the past of what has happened. And I think that was, I mean, when Peter Lynch talks about, I don't know where the market's going, but that's not my thing. My thing is just to kind of hang around and stick around and just try to pick the good ones. That's pretty much what it all comes down to. And I know in this day and age, we all want it now or yesterday, but if you just have a little patience, usually it works out. All right. So that's it. So look, if you like the video, give it a thumbs up. That helps a lot. Consider subscribing. That'd be great. And that's it for today. So thanks so much. I appreciate it. I'll see you on the next one.