 Great well, I'm visual asset news. My name is Rob and today the theme really is risk So as we go through these stories and we talk about NY dig and mass mutual and Morgan Stanley and credit Swiss and UBS and all these things I just want you to think that back your head What is more risky and what has potentially better asymmetrical return? So the first thing we're talking about is NY dig and what's going on behind the scenes with them then also we're gonna take a look at nexo and the Middle East and North African countries and Really it comes down to don't blow it America because there is a lot of different things that going on throughout the world I think they could be a very big thing and then lastly we'll take a look at trad fi UBS credit defaults and credit Swiss and then we'll talk about I'll pass on me up tomorrow and do a little Q&A so first things first There's a comment that I want to start with from crypto golfer and he says what's up Rob YouTube says you have some inappropriate content today, so There was a question that popped up which said is this for people 18 and over or 18 and under and I picked 18 and over That's how YouTube is doing things. So I think it's a new Setting that they have in there so right now I'm just this I'm just expecting not a lot of people to show up because YouTube might be a little bit of Doing their thing as far as I don't know Banning or what not who knows but the thing that I want to talk about first is NY dig and this is a pretty great story and On this channel. I must tell you I've been a little negative as a couple of people have noted in the comments, which is very true But you understand I got a call like I see it. I got to be honest I got to tell you what I what I see on the day-to-day operations and if I just sit around and lie and give you Like everything's gonna be great. It's gonna be awesome forever. Else. Well, that's not reality. I'm sorry kids It's just not and I see in the short term some pain, but I've seen the long term some Really great things coming about and this is one of those stories. So first things first NY dig raises 720 million for institutional Bitcoin fund and we've heard these stories before right that you know raising money That's great and blah blah first of all who the heck is NY dig? Why should we care? NY dig It's pretty big organization. They got a lot of contacts They're an inclusive financial system that makes Bitcoin a universal option for billions of people worldwide. We'll see hopefully Becomes a resource for human progress and my dig is the gateway and they've partnered up with a lot of mid-tier banks because in my personal opinion, I think this is a way for like mid-tier banks and Credit companies or credit banks where they could say hey, we can't compete with the JP mortgage We can't compete with the big will as far goes But maybe we could give the people what they want which is crypto digital assets and we can allow that to be done here in our in our facility, so I think NY dig has a pretty big handle about what really is going on behind the scenes also apparently There to the official Bitcoin payroll platform in New York Yankees if anybody likes that team So that's essentially NY dig in a nutshell and this is what is going on so first things first a total of 59 investors can contribute to the raising of 700 was it 720 million dollars and this is an SEC filing from September 29th Although the regular minute not to review the document which can mean the raise isn't just over yet So maybe it could be a cool billion dollars coming up Other participants were Morgan Stanley Bessner venture and mass mutual first of all who cares Who are they well? We should because mass mutual has a paltry 460 billion assets under management and Morgan Stanley has 1.6 trillion on top of all the other people that are getting into this space And there's some big money black rock being one of those you can kind of see like where people are placed in their bets behind the scenes So NY dig has was stolen with stood multiple SEC rejections against the proposal a list and trade spot Bitcoin ETFs yet NY dig Established in our night dig established in 2016 continues mission to make Bitcoin accessible to all Through products such as Bitcoin accounts rewards and loyalty programs and I gotta tell you This is just some of the things that are going on which people don't really pay attention to in the background But I think it's it's a it's a positive to take a look at what's happening anyhow Let me know what you think about that in the comments and this kind of brings into our second story Which is really it's labeled. Don't blow it America because the things that are happening I think we could lose out on Our position here For Bitcoin digital assets as they move into this country. So what am I talk to you about first is this? This is a it starts out kind of negative, but it's positive. I'm gonna tell you why so nexo Co-founder there is right there States there's no such thing as too much transparency because he had to go on YouTube and debunk myths Going around about insolvency, and I got to tell you between us usually when we heard that the I word insolvency It's not a good look as things move forward because I mean how many times have we heard people go? We're everything's okay. It's okay Lehman Brothers Voyager Celsius you name it and then all of a sudden everything collapses But that's not the story. Here's the story Trencheff who is the co-founder says don't panic don't make conclusions It's business as usual for us in late September regulators in eight states including Kentucky File the cease and assist order against the crypto lender, and it's not because they're potentially insolving some indifferent These are authorities in California, New York, Maryland, Oklahoma, South Carolina, Washington, Vermont alleged nexo offered interest earning accounts without registering The investment products as securities, so it's not like they're I mean I'm sure they're concerned at some level that hey this may be insolvent But they're like hey you didn't register these as securities because this is this this is the the theme everything seems to be a Security and moving down that route at least that's what Gary Genser wants to do but this is the story This I think is the bigger story Because it doesn't matter if nexo goes down or another company goes down what it really comes down to this The good news is regulators want this product to be in the states. They want it to to be here They're not looking to shut it down They're wary because there were unfortunately some bankruptcies in the past few months White or Celsius Luna and obviously they have to step up for their mandate for investor protection Look, I think america wants things here. I think the country wants to move forward I mean you can even tell because president biden had came out and said look we're going to do a task force And we see which ones are going to work which ones aren't and hopefully we can integrate those So these types of stories say that's that's good for the crypto market in general and it actually leads me to this part here Because if america starts clamping down too hard And they start to stifle innovation. Well, that's easy for crypto. It just goes someplace else This was a story Just today middle east and north africa was the fastest growing crypto market over the past 12 months And you can better believe if if we know these These data statistics, I would hope that the administration here in america would say hey Maybe we don't want to lose all this to overseas. Maybe we should allow the crypto and digital assets to flourish, but here's what's going on Maina based users. That's middle east and north africa based users received $566 billion in crypto. That's pretty good $566 billion. What is our market cap? 995 billion just saying in crypto between july 21 and july 2022 A 48 increase from the previous year The largest increase in percentage terms was in egypt's where crypto transaction volume more than tripled And the devaluation of the egyptian pound Of 3.5 percent as well as the country's mittens market So the reason why is because there was a devaluation of their currency. Wow 13 and a half percent And then of course There also used a lot of remittance payments and that's a good way to to save on fees Just use crypto because if you've ever used remittance payments, they're kind of pricey Remittances account for about eight percent of egypt's cross-domestic product These are payments that are sent usually outside the country Turkey accounted for 192 billion of the Middle east north africa's total of 560 billion Largest share by one single country and again The reason why it was attributed to the steep devaluation of the turkey lira So here you have a devaluation of lira the currency devaluation of the ejection pound So what do they turn to krypton angel assets? Which is why we're seeing such a problem because The dollar is so strong and of course when the dollar is strong and it's been fluctuating The price of bitcoin goes down. That's how it is And also afghanistan has collapsed since last august following the taliban's takeover And subsequent crackdown on the industry. So you see how afghanistan What happened taliban took it over There is a reduction in the use of crypto And innovation gets stifled the same thing could potentially happen here in america I've always said I think we need a little regulation And I think a light touches and I know people will say rob That's not going to happen because they're going to over regulate Probably But in all honesty, we still need a little regulation. We still need to understand what is a security? What is a commodity? What is a currency at the basic level and just move along from there? So let me know what you think about that in the comment section and then real quick As you may have known The bitcoin market is uh fluctuating a little bit although bitcoin is above 20 000 which is pretty good But ethereum's down tether's well tether and banscoin, but we've had some uh some pretty tumultuous time periods So the thing i'm always talking to you about Is your balance the portfolio and don't just put everything in one basket That's not financial advice. It's just what I do So I like when one thing goes down another thing goes up and when one thing goes up another thing might go down It's just it's a little bit of a balance. Here is my Portfolio, right? I've got cash and stable coins. I'd have some d gen plays which I expect to lose all my money there Uh masterworks and land and and uh real estate amazon business staking. I trust capital all those things But I want you to notice here for masterworks It's five percent. It's not a hundred percent. It's five percent I'm just trying to diversify a little bit in this crappy market So right now here's the two pinnings that I have banks in a basket And so far i'm up almost 39 percent since I purchased that basket in July 15th these are fractionalized shares Of art and this is the analyze returns. They're doing pretty good 32 31 33 and all these different art pieces, which I don't honestly I don't do the the choosing masterworks does it for me because I don't know anything about art Masterworks just so you know a year to date is 15 Russell mazdeck and smp is down pretty pretty heavy and also there's another another chart that came out The appreciation of contemporary art of the last 25 years has beat the smp 500 real estate and gold Just so you know And the reason why is because rich people are crazy They'll pay for these crazy arts that are out there. Look, this was a banksy piece The original price was 1.8 million and then when it got shredded they paid 25.4 million And right now these are the different offerings that they have they got a banksy A basket a war hall a Picasso and some other ones I have no idea where they are cause and herring and rothko and kusama And don't worry. I know some people say well, what about security? Well, it is registered with the sec Which you can find on every single one of their offerings of what's going on You can find this as a link in the description looks like this and This is what I personally do. So I'd like to thank masterworks for sponsoring this video I appreciate you guys And that's it. So last piece Treadfy versus credit default and credit swiss. So Last thing I will say is this and we're talking about risk and things like that And as we took a look at those two stories, I think behind the scenes These organizations are picking winners And the thing has been going on the credit swiss. I'm not going to cover it to great extent There's a lot of other people who are covering this fantastically But there's a lot of turmoil going on and this is the reason why I'm not super bullish all the time because I still think that these things have to play out in the macro world Before we can jump ahead. So short term I'm not too super bullish. I don't think bitcoin's going to go to its all-time high But by the end of this year, I think we could rally But I think it's going to take some time and here's the things that are going on that kind of screw things up UBS credit default swaps. Remember those they hit decade high after credit swiss blowout. So Real quick the cost of ensuring exposure to debt issued by swiss lender UBS Rows to a decade high on monday after pure credit swiss was caught in the market spotlight amid concerns about its ability to revamp its business And bolster its capital again the ceo came out and said don't worry There's no problem. There's nothing to see here UBS five-year credit default swaps rose to all basis points from 118 or to close at 118 its highest level since 2013 Data from s&p global market intelligence showed so real quick credit default swaps the derivative product which serves the form of insurance against the default Let me say that again against the default Of an underlying borrower or debt instrument. So this got a lot of people spooked and with good reason but again Where do you think is the highest risk and they may asymmetric returns and that's for you to decide But that's it. So look today. Well, first of all two things. I will never hit that button where it says less than Everything are just excluded from people uh 18 and over because uh, I think it plays a lot with uh, the people actually show up But that's it for the news today. So look under 15 minutes pretty good If you like today's video, give it a thumbs up Consider subscribing all that good stuff Now what we're gonna do is uh, we're going to the q&a also we're gonna do and now pass a meet-up before we take Off to uh, Puerto Rico, which we should be there. Uh, I think a couple weeks or so So I'll pass the meet-up will be tomorrow. I'll give the details tomorrow when we get to that But that's it. We gotta take off take off now. Let's go into the q&a. I'll answer all your burning questions the best of my abilities as we go from here and Let's see So Crypto golfer. Yeah, unimperfect content. Yeah, I don't uh, they're always adding some