 Welcome to Digital Asset News to get top stories and cryptocurrency digital assets and bring them out of bite-sized pieces. Today, we've got some interesting stuff. First up, Bank of England bashes crypto while considering cryptos. And I find this very telling as to what the banks are doing. And I think they're running scared because even the Bank of England is doing this. And the banks in America are actually starting to allow us to custody cryptocurrencies ourselves. On top of that, we're going to take a look at some metrics which show us just how early we are and that we are truly in the right place at the right time with this bull market for crypto and digital assets. And finally, Tom Brady's into crypto. Fantastic. All right, so we'll take a look at what's going on there. But first, let's take a look what's going on the market. So today, it is May 10th is a high noon and we got a pretty good market cap 2.44. Really haven't gone up too much, not too low. We reached a high of 2.5 trillion dollars, but we're back down a little bit. And you know what? I'm happy with this. Anything above? Geez. You know what? I remember just about a year ago, it was 200 billion and now here we are 2.4 trillion. That's trillion with a T. So I mean, everything that's happening, I'm pretty happy. And then we're using trade the chain as usual and just look at sentiment analysis. This is the first day that I can remember in quite some time that Dogecoin isn't trending. So like the hottest on Twitter is RLC, DeFi, AST, Ave, Stellar and so on and so forth. So I think that's amazing because there was nothing but talk about Dogecoin. And I don't know if you saw Elon Musk on Serenal Live. I'm sure everybody's been talking about it. I thought it was funny. That was hilarious. And I was pretty, I mean, some of the skits were stupid, but what are you going to do? And I mean, it was good for the market. I don't care if you're a Dogecoin fan or crypto fan. It doesn't matter. It's really just encompasses where people just put their attention to. If it's on Dogecoin, it'll eventually lead into something else because I can guarantee you watching this video, you are not just into one coin. Rarely that happens. So let's take a look at Bitcoin 57.1. Wow, Ethereum's up over 4,000. 4,150. Congratulations. ETH really crushing it today. Binance coin, Doge in number four spot solidly. What are we at? 48 cents. Well, you know, hey, it was up to 64, almost 68 cents, I think. So not too bad. Cardano, $1.72, and so on and so forth. Nothing really fantastic, not really a super green day or a super red day, just right in the middle. And these are the best days to dollar cost average because things are just kind of boring. And I liked when things are boring because that's when I get to do all my magic with buying things up and all the different assets that have been dipping. Well, I get to buy them up at a discount. So I'm pretty happy because I still believe wholeheartedly that this is just a very, we're like either 40 or 60% of this bull run. And what's going to come up, I think is going to be massive. And I'm going to show you exactly what I'm talking about. So let's just break in the story, shall we? This is interesting. And I think it's funny because it's interesting because you have the banks and they're really trying their best just to kind of get out of this situation because like, shoot, this thing's really taken hold. In 2017, everybody was laughing, laughing at cryptocurrencies as well as assets. I mean, Bitcoin, you were a moron. All the people that were into it, they were just like, you know, just so dumb. And now here we are. And everybody who was dismissing it is now trying to get on board as we saw in this article not too long ago, hundreds of US banks to allow holding and trading Bitcoin. Interesting stuff. Well, here's the Bank of England going, no, no, no, just hold your horses. So the governor of the Bank of England, Andrew Bailey Boo, states this, they have no intrinsic value. That doesn't mean to say people don't put value on them because they can have extrinsic value, but they have no intrinsic value. And this is the same types of things that Goldbug will talk about, like, you know what, Bitcoin's not gold because we can melt gold down and we can make cuff links and we can use it for transistors and all this stuff. Sure. I don't know a lot of people who are doing that right now for that specific thing in the investment world. It's all just holding gold bars. Or I don't even know a lot of people that actually hold those tokens. Some do. I don't. It's just paper. But it is a hedge and that is exactly what it's good for. And some people say, well, you got to hold it. Sure. I guess so. And it goes on to say, I'm going to say this very bluntly again, but them only if you're prepared to lose all your money. Basically saying, if you want to get into crypto, you're going to lose everything, which is the same thing I've been hearing since I've been getting into it. And I'm up, I don't know, like 50 acts or something like that. So sure. And then it goes on to state that it's kind of, and the rest of it's a pretty great article. I'm just going to skip over it for time, but this is the crux of it. And it says on April 19th, the organization Bank of England issued a statement that read, the Bank of England and HM Treasury have today announced the joint creation of a central bank digital currency task force to coordinate the exploration of a potential UK CBDC. CBDC would be a new form of digital money issued by the Bank of England and for use by households and businesses. It would exist alongside cash and bank deposits rather than replacing them. So it is a crypto currency, but it is their cryptocurrency and a digital asset. And I don't really care what they do. I think you can have a CBDC and a crypto and a digital asset and a Cardano and an Ethereum and a blah, blah, blah, all functioning alongside each other. It's like saying we should only have one website for everything because that's all it's going to be. That's what they thought back in the day when the internet came about. They thought it was going to be one swear to God. They thought it'd be one website for everything. And you could buy tires and you could get your medicine and you could read the news on one place. A couple tried it, but it didn't really work out too well. So again, I don't really see the big issue here, but I do believe that the banks are like, what do we do? They're trying to find their foothold. Blockbusters are the same exact thing. Hopefully they catch up. That is interesting considering the fact that and I'm always down on America because they're not innovating, but I will say this, Bank of England has taken a step back and America just came out. This was a gash only five days ago where they said hundreds of US banks are allowed holding and trading Bitcoin. We already talked about this. I'm not going to go over it. So, hey, great job, America. You're stepping into where you should have been a long time ago. So let me just think of the comment section. That's what's going on. Let's take a look at our next piece, because this is the telling part about crypto and angel assets. It's always great to find some interesting pieces that show us where we're at and kind of where we're going. This is from CJ Rykel. He's a man over there at Market Rebellion. And I totally stole this from him and I told him I would. And this is what's going on. So basically, let me blow this up so you can see what I'm saying. Basically, this is what we have. So we've got this is the supply for OTC over the counter, all these different institutions that are buying up Bitcoin. This is all Bitcoin, not anything else, just Bitcoin. And you can see in 2019, January, the very beginning, there was a little bit around that they were holding on to so people could buy it. And they said, you know what? We're going to increase our stock because, and this is what's so slick about these guys, is that every place that they're like, it's not a big deal, Bitcoin's not going to do too much. And all of a sudden, behind the scenes are like accumulating like crazy. So they buy all this stuff up and these institutions come in like, we're going to buy, we're going to buy. And then of course, you have this increase in 2019. And what happened in 2020? Well, there were some peaks and valleys here, but people were buying up like crazy OTC, which doesn't really affect the market. And it's pretty much just like, you know, like, hey, just give me this and we'll do it in these small amounts. And then people buy up like crazy. And then all of a sudden as they buy, then you see like a dip in the amount that is available and they buy up some more. And now in 2021, as we're going past April, because they really loaded up in April and now we see a massive amount and here we are. So in reality, I think this is just one of those graphics that just shows up exactly where we are at and where we're going. If we have a ton of demand and we have the same, or in this case, diminishing supply, what usually happens with the price? Well, it goes up. And as everybody has been talking about lately, and I kind of see this how this would happen, is that you will see a big influx into Bitcoin. People will start to put a bunch of money into it and they say, you know what? What's the next thing? Where can I really go? Because Bitcoin's at like $60,000. Can I really go that much farther than what that is? What about these altcoins? What about these top 50s? Okay, I'll get into that. And then before you know it, what about these top 500s? Maybe I can go from like a 10X to 100 or 1000X. And that's just kind of how money just flows through crypto and digital assets. So this is just a good sign. So again, I think it's going to be Bitcoin first. Altcoins in the top 50, then the top 500, and then back into the top 10. And we'll see how it all goes out. But again, I think we're in the right place at the right time. And imagine this. It's just the beginning of May. Just the beginning of May. Look how far we've come as far as market cap. So again, I think this is going to be a great year. And just around the corner, not only do we have these types of things where people are buying up, but we've also got what I consider the marketing arm of crypto and digital assets, which are personalities and sports figures. So this is the whole story. I can sum up this whole story in this picture. That's the whole story. The whole story is Tom Brady. If you're not familiar with American football, this is probably the greatest quarterback of all time. Just won the Super Bowl. Not too long ago, and Tom Brady's a pretty well-known figure. And of course, with laser eyes, that just signifies that he's into cryptocurrency and digital assets. And not a dumb guy. Pretty smart guy. So I think he's going to get into this investment part. So what I'd like about this is that this just breeds mass adoption. Because if he's going to get into it, guess what else he's going to do? He's going to talk about it on social media. And he's going to talk about some investments. And he's going to get into different things. But throughout the millions and millions of people that he talks to, on top of that, you've got something like Brady here. And then this gentleman, tennis star Benoit Perret, considering, I'm pretty sure I nailed that. Considering Pivot to crypto, he is like the tennis star top 33 in the world. And he's talking about getting into cryptocurrency. He's a really controversial guy. I've seen him play. Weird. But I mean, again, we've got something like this. And then on top of that, what was the other piece that I had seen? Oh, yeah. That's just one part. Serena Williams, just back in March, made an investment in Bitcoin Reward Startup Lolli. So, you know, she's talking about these things. She will probably get into it. And then moving back into just the NFL per se, you know, you've got, not only did, you know, Tom get into it, but you got Okong. I think he's a linebacker for the NFL. Correct me in the comment section. I'm sure you'll tell me. And he took half of his salary and Bitcoin was like 9,000 bucks. So, I mean, why wouldn't you do it? On top of that, you've got some pretty smart people, Grayscale, and they inked a sponsorship deal to be the educators as new NFL prospects come in. So, you'll see more growth and more growth. And then, of course, on top of that, you had the number one NFL draft pick, half, or no, his complete signing bonus in cryptocurrencies, which was Bitcoin, Ethereum, and Dogecoin. Well, see how that works out. So, again, I don't know, I don't know what to tell you. I mean, if you're new to this space, congratulations, like you showed up at the right time, because you could blindfold yourself and throw some money at something and it would make money. And that's just how it is. The big thing is which one are you going to maximize out with? That's a story for another time. Anyhow, that's what's going on in the crypto world. Congratulations, right place, right time. And I will finish up with this. In America, May 17th, it's coming up, tax time. So, if you haven't done your taxes, probably a good idea. Remember, Biden just spent $80 billion to catch people who aren't paying their taxes. So, if you're scared about it, don't worry, you don't need to be, because it's just the IRS. No big deal, don't worry. If you'd like to, there is a program I use called CryptoTrader.tax and I actually did a video about it and in the link in the description, Dan viewers get 20% off and from the time that I signed up, the time that I sent it to my CPA, this is the second year I've done it, it took me 30 minutes and it has a direct IP integration. Yeah, that's what you say. And it works out pretty darn good except for Voyager. Voyager, you gotta get a CSV file so you gotta do that like ASAP today if you want to because it's not gonna be a direct input. Which is weird because I introduced the CEO of CryptoTrader to Steve and well, I'm sure he's got a lot of things going on. So, that's what's going on in the world today. If you, first of all, thanks for sticking around. I appreciate it. If you liked today's video, go ahead and give it a thumbs up, a like, subscribe. That helps tremendously. I really appreciate it. And that's it. So, that is it for today. Thanks for sticking around. See you on the next one.