 Great welcome digital asset news to get top stories and crypto and bring on bite-sized pieces today Just as the thumbnail and the title suggest there's a lot of things going on with Russia and they are taking the next big Steps what we're gonna do is we're gonna take a look at how Russia banks are adding a DFA Manager these are the central banks are adding this this is pretty interesting just how fast everything's moving along Also, we'll take a look at a new US bill. This one's actually positive For crypto and digital assets and lastly we'll take a look at a poll which I put out on Twitter called how much to retire So and then lastly we'll do a quick Q&A So hold your questions till the end and as you may notice my green screen today has people in the background and That's just a life. It's how it is very hard to get actual people in the background of your green screen Very tough, but we're able to pull it off here at D news. So enjoy it. All right So before we get into all this stuff, let's take a look at the market And if you're watching live welcome, thanks for coming in if you're watching the replay Just know that the news segment takes around 10 or 15 minutes or so and then the rest of it's just Q&A So I put timestamps below so you can skip skips get out of the things you like or don't like Because we're trying to save you time. So having said that let's jump right in so first off let's take a look at what's going on into our market and Right now it's 11 a.m. Here in Puerto Rico time. So that means it's 10 a.m Eastern so the markets are open and I don't know what the markets have done I haven't checked it out yet. We'll get to that But I'm guessing that it was a good day because it's it because it's a good day over here We're at 1.8 trillion. So we're kind of teetering on that 2 trillion man I cannot wait for that to actually happen back to 2 trillion remember when we had 3 trillion Just not so long ago and now here. We are below 2 and welcome to crypto if you're new that's called a Friday All right, so bitcoins up a little bit aetherium monstrous 24 hours 8.2 percent. That's great 2100 finance coin Cardano, Solana is up 7.4 percent after that wormhole hack And you can take a look at if you don't know there's a gentleman named CTO Larson And if you look in My description I've added him to one of the youtubers I watch pretty much every day and CTO Larson's got a really great background So watch his video about the wormhole hack and how that all happened how easy it was to prevent and now What was it circle? Crypto circle our circle crypto where their names are they came in and just said here's 300 million dollars And I've had many discussions offline with people some people say this is a marketing scheme Some people say that this is a white a white Hat hacker who just wanted some money and some people just say that it's just all it's all a scam Doesn't matter. I can just tell you that 300 million dollars to come across is not easy and that's got put back So yeah, it is what it is. All right, so here's what we have for Our market looking pretty good. I don't know what Happening in the traditional space. We'll take a look at it But there was two stories that struck me first of all is Amazon surprise surprise. They're stocked. They're stock sword 15% I think after their earnings call they said they went up like 40% or something like that So the stock rose 15% What's crazy to me is that they're gonna hike the prime membership like hey, we made a bunch of money and guess what? We're gonna increase the prime membership and you know what else everybody's gonna pay for even me So what's not even let's call a spade a spade if Amazon's like, hey, you need to pay more for prime No problem and here it is a lot of people like I won't yeah, right Tell me in a couple of weeks after what I I'm pretty sure 90% of people will do that but that helps traditional finance base, but this one To takes it down a notch where meta suffered the largest one day wiped out in US corporate history It's valuation slump by nearly 240 billion. This was so written yesterday and so there's two conflicting things So let's see how the market did I haven't seen this. I've got yesterday's up So maybe it maybe my theory is correct that it's correlated. Maybe it's not Correlation alright, so the last this it opens up at 930. You can see it went up So they're not too concerned about that the NASDAQ was down yesterday. Let's do a little quick refresh See where it's at course. It's up. So yeah, so again, S&P 500 NASDAQ it's all correlated to what's going on with our market and Not that I'm a super ecstatic about it, but that's how the cookie crumbles So let's all root together and hopefully it all make some good money. So that's what we have for the traditional markets Let's roll in To the big story and the big story Russia banks at a DFA manager first of all it's a DFA manager before we get That let's I'm gonna take you down a little trip trip down memory lane About how fast things are going and actually before I do that. I want to throw up one comment before even get started this was I was perusing the chats and Guitar player Nora said this interesting news from Reuters Russia has agreed to a 30-year contract to supply gas to China via new pipeline Pipeline and will sell the new gas sales and euros interesting. I'm gonna tell you why that is in a second So Russia here proposes a ban on the use and money of crypto This is on January 20th, and we had covered this and it's always good to not be a Thumbnail investor or a headline investor because Russia didn't propose this ban It was the central banks of Russia that proposed a ban not Russia and Russia came out and said Like again, no, we're not gonna do that Russia banks. You're not your job isn't to set press it to set law That's the parliament So on January 25th, they came out said, you know what Russia should regulate crypto market and not ban it This was from not just some Joe blow off the street. That was from finance ministry official Ivan Chbezikov Chbezikov, ah, I'm pretty sure I know that one anyhow, and then moving forward to yesterday Russia's minister of finance suggests letting banks sell crypto. It's not only they're like, hey Central banks not only we're not gonna ban it But you're actually gonna sell it to all your different banks that are out there I mean central banks would be different from my commercial banks don't but they're all kind of interrelated and then in the same day This just came out I thought this was funny Russia banks are like, okay, but okay boss Russia Russian Bank deploys first digital asset manager. That's Is what we're talking about here. So this is the story yesterday late at night just just broke the Bank of Russia announced the appointment of Atomize as the first company in the country to be put me blow this up on The central banks list of approved digital asset operators further the registration enables atomized to provide its users with an opportunity to use Digital financial assets BFA's. That's a weird way to say it digital financial assets But sure on its platform as well as procure new types of assets in the tokenized form That's interesting because I've always Been a big believer that everything will be tokenized real estate will be tokenized land will be tokenized Art will be tokenized everything will be tokenized and people will be able to own a share of that So that's big business. But why why would they get into that? Because wouldn't that mean that they would give up a lot of their power? No, no not at all Well a little bit but in order to further develop the DFA the again digital financial assets The Bank of Russia has formulated proposals for improving the regulated regulation of such assets and Their taxation. Let me read that one more time In order to further develop the DFA the Bank of Russia's formulated proposals for improving the regulation of such assets And their taxation because here's the thing there's an avalanche of money moving into crypto And if you're a government, there's a couple of things you want to do If you're not America first of all you want to get get money in on those taxes There's a reason why marijuana was legalized throughout a large part of the United States whether that be medicinal or recreational It's because they're missing out on a ton of money That's really what it came down to and I heard the same thing So there's twofold here if you're Russia, you're like or any country and for that matter You're like, well, we can't really stop that flow. It's like putting our hole in the dam Let's just regulate this give people what they want and regulate the living tar out of them That's what it is. That's what it is now The second thing is is what I think and this goes back to what it's our player Noah Magically said it's a good point That's China and Russia working together, which is fine free market For this new popline pipeline and we'll settle the new gas sales in euros because why because they want to get off The standard and the World Reserve currency is you guess at the US dollar So if you want to get out of the US dollar and avoid sanctions and all that stuff Be pretty easy to do that By embracing crypto and digital assets now the question will be will they go for central bank digital currencies or CBDCs and Transact amongst each other. Well, it's kind of tough because I mean Do you really trust China to do those things with their digital you on? Yeah, right Do you trust Russia with a digital ruble? I don't think so So at some point they're gonna have to come to an agreement about which could be that digital currency Or maybe it could be multiple or maybe it could be one that's right now So that is what is left up in the air, but I find it very fascinating that how fast these things moved from First Russia Central banks and we're gonna ban it like now we're gonna regulate it And you know what banks are gonna sell it and guess what we're gonna get a DFA or a digital asset manager in there So let me know what you think in the comment section I find this to be positive news as more countries come in and actually accept it let's move on to our next piece and That would be this there's a new US bill and I got to tell you I'm excited for the new US bill because Honestly, this America competes one was trash this new one which by the way, thanks everybody for coming in there and Contacting your representative, but this new one because we actually got some things reversed, but there's new one here which is the Virtual currency tax fairness act. I'm just gonna read this right real quick. This is from US congressman congresswoman Suzanne del bean pretty stress every State today today representative Susan and David Schweikert from Arizona and she is from Washington introduced the virtual currency tax fairness act. What's that? well currently Any gains from virtual currency must be reported as taxable income Regardless of the size or purpose of the transaction. This includes purchases as small as buying a cup of coffee So that was one of the big questions people asked me about Voyager like hey, we don't understand if if Voyager If they're able to pay for things in in crypto also with crypto.com in different places Isn't every transaction a taxable event? Well, yes in the old way It actually is so there is that part that component, but with this new bill that's gonna go away. Hopefully This makes the everyday use of virtual currency near impossible discouraging people from using it and inhibiting the growth of our digital economy the virtual currency tax fairness act would exempt personal transactions made with virtual currency when the gains are $200 less and you can see that and this is an exact same thing For seeing sense. She'll not apply for if the gain which would otherwise be recognized in the transaction exceeds $200 so Again, I think this is When people look at this are like well, is that really good news? Is that really the the step we want to take? Sure, I mean, it's not everything you want to take but everything is baby steps So when I see something like this come in I'm like that's a step in the right direction That means we can just get a little more wiggle room and do a lot of good things that we want to do as far as with Debit cards putting those into bank accounts spending crypto currency assets For merchants who are getting robbed of all the difference not rods But if you're using stripe or PayPal, it's 2.99% plus 30 cents per transaction I know because I got to pay that stupid transaction So if they use crypto currency in that way, I think it's a pretty good deal So let me know what you think about that in the comment section I think it's a step in the right direction and let's finish off a little poll action That didn't come out right. Oh So I did this poll and the question I asked you It's pretty reasonable question I thought which was how much cash in your bank account right now to quit your job I know we're on a crypto channel digital asset channel. So the question then is well Rob is do I really want to have cash? Well, I mean until that Let's let's be honest that bill that just came about it's only up to 200 bucks So you're still let's pay capital gains tax. So like with this section here How much do you need to actually quit your job? And I thought when I put this on like, well, I just put 100,000 like no one's gonna take 100,000 But it depends on where you're from right different countries are different things It's not just America. That's just one of the things that I have a problem with Is just seeing everything through my vision and I need to Be better at that but a hundred thousand dollars in a lot of places is a ton of money But if you're talking about retiring on a hundred thousand dollars in california That's all like 40 of that is already taxed. So forget it Then the next one, which is the winner so far is a million dollars people think if I make a million dollars I can Quit my job and do whatever I want to and there's nuances And you could in all honesty think about this way And this is just investment opinion on investment advice but if you took a million dollars and stuck it into A yield bearing account in crypto like a Celsius like a voyager and let's say you put in usdc a stablecoin You know, that's 10 roughly per year So if you have a million dollars imagine that you could be making a hundred thousand dollars Roughly per year 120,000 Yeah, roughly Every year just on the yield and so then that's just one part or you could do investments Or you can get into real estate or you can whatever you want to do But it could be done But if you're just living off a million dollars that sits in the in your bank account and just gets depreciated because of Inflation, I don't think it's going to make it in america now In other places. Yeah, thailand Live like a king queen whatever else you want the next one was 10 million and the other one was there's never enough And this really comes down to this is that some people like I love my job. I love what I do. I love the things So I will just tell you On this channel. I've been talking a lot about The five-year plan the four or five-year plan whatever you're investing into now just kind of Kind of don't pay too much attention to it. Just let it sit and ride things out And I think you'll do pretty well investment opinion Investment advice. That's what I did my first bull run. We talked about 2017 Portfolio went all the way the ground and his dollar cost average till today. I'm still doing dollar cost averaging Cosmos and algorand and bitcoin ethereum chain link, you know little stuff So like these types of things That's great for the money, but I'm going to press you on one more thing There's a difference between the three s's. I call it Financial freedom and fulfillment. There's a big huge difference. I haven't had a job I haven't worked for anybody since 2015 Now I just work for you guys Essentially really and that gives me fulfillment. So you have to you have to ask yourself What gives me fulfillment? And what is financial freedom? And there's a lot of things that go along that that spectrum I'm not going to talk to you about it right now, but there's a link in the description It's on my website danteacherscrypto.com. It's a hundred percent free website. That's why I've got this My banner now that says that dan teaches crypto.com Dan is me digital asset news Rob is my real name and you can go there and sign up. It's it's free But read that that blog post just click on blog when you get there And it's right there and I go through the pitfalls and trials and tribulations I know people like well, that's a nice problem to have but it's It can be and there's a lot of different issues that can come about that So just check that out and I just thought it was an eye-opening Polls and thanks for taking it anyhow, so that's it So right now that takes care of the news part if you don't want to stick around for the key way see you later Thanks for coming out. I appreciate it if you want to stick around for the q&a We can be only deeper into that poll, but let me know your questions and let's get into that Right now. Let me get rid of this awesome Okay, I bet the guy cleaned the pool behind you wants to retire maybe Probably seems like uh, he's a hustler Good guy, and that's just a green screen. You guys know that right? Let's see Yes, everybody. I'm getting there is the pool cleaner right there, right He has a good comment Trying to delicose the average, but it's hard when you have kids to support. Oh, I trust me Trust me Yeah, it's not easy. It isn't and I'm not going to tell you something stupid like uh, you know Well, it's just because you just don't because you go to starbucks too much or you buy that Really expensive phone or something like that. I'm not gonna not going to tell you that because some things are essential And if you want those things you want those things However, you know in all honesty Just little stuff really adds up and I will tell you any money that you have in your bank account This is what I do. I just I look at the money every these days I look at money and I look at I go What is it doing for me? It's not working for me Like if I go to bed Do I have more money than when I went to sleep and the answer is no for what the money's sitting there? I do something else and that's how it is Oh Shoot, thanks for reminding me. So travis makes a good point with the tremendous mustache and he says uh, hey We'll take a day off. I need to take it. Uh, but see that's just it A financial freedom versus fulfillment. This is fun to me like this is fun times Like I get to come here every day. I get to talk to you. You guys can ask me questions I can help you out financial freedom versus fulfillment. I don't need to do it. It's just fun and uh, sometimes like Before I was doing the non live streams. Those were difficult for these live streams are super simple You just put things together and then That out to goes but there is one thing uh today Thank you travis for reminding me is that uh, we're gonna be on ben's channel for dca. Shoot That's that uh, that's in four and a half hours. That's 4 p.m. Atlantic standard time my time zone and it's 3 p.m. Eastern uh, two central One mountain and high noon pacific time. So we'll be me ben I'm into the crypt of earths and james from the vest answers Should be a good one Maybe I'll ask james about salon. See what he says about that. Da da da All right We'll get it rejected. That's a great question for ben ben's uh, the ta master. I'll ask him Ada is a buy out of quarter. I believe that is very true Thanks My job will not pay me one million in my whole life exactly That's exactly how I feel to and that's why I stopped working for somebody else because I knew Trading my time for money would never work. I just saw an article today. It was I The difference between those up Healthcare workers who have a traditional Work at the hospital or a clinic or whatever else how much they make being employed Versus how much they make as they get for traveling nurse. There was a traveling nurse And uh, this guy made like I think it was like 861 bucks per week after taxes Just in his regular job once he went to travel nursing. He made 3722 dollars per week So like that works out pretty well, but again, will you make all the money that you need in your entire life? Working for somebody else probably not. Uh, I think that's why it's imperative to get into some kind of investments Whatever those may be and there's there's plenty out there Ooh jay says I've unbanked myself. No money to bank excellent Very nice Intangler says pre-recorded. No, this is life Uh, uh, we're breaking out. We're going to 40k Well, let's hope so Rob wake up. Bitcoin is pumping. Let's see 7% in 24 hours. We might actually at 40. Let me refresh this close Yeah, it's good when it pumps, but remember here's the thing that I need to remind everybody remember Remember that it's great to buy those dips and get into those positions But it's also great to take profits and nobody ever went broke taking profits And I think that's one of those lessons that I learned concretely in this bull run That if you don't do those things, uh, you just ride things all the way up you write things all the way down You're like, what the hell happened? just, uh Just what I had done Yeah Gabba says at least you guys actually make money and still can invest working job in the u.s here in eastern europe You're not that lucky. Yeah, I've heard there's a lot of different places that there are no jobs There's no jobs available out there Any thousand energy. I'm token. I wanted dumps. What? Yeah Oh, it's bad today Thoughts on news updates about bitcoin literature network. I haven't heard anything about it yet. So, uh, we'll see how it goes, but um I mean as far as I Well, aren't I think they're trying to make it a little bit more, uh, faster and more regulation not regulation Updates to the system. No, I was thinking of uh of chivo the wallet in el Salvador They're getting another company to actually overhaul the whole thing. That's what I read It is rain. This will be the last one. Let's get out of here Rob after losing your initial six digits, how much did you dca each month? He picked my comments some time ago and really cleared me up because it's the exact same thing. Well First of all, if you have a partner you have to be honest with him and said, hey Sweetheart bad news All that money that I put into crypto it, uh, we dropped by like 80 90 percent Just letting you know And uh, thankfully I didn't put our life savings into it. So it's okay. This is what I told my life And I'm gonna start dollar cost averaging in the future Because I think that's a better strategy. It's okay. So what did I do? Well, first of all, uh, I didn't do it initially because I was so angry That everybody lied to me Because john mccaffey told me bitcoin was going to a million and he would never lie so Yeah, that's the thing and I was like, you know what I felt like A clown I was like, geez I was like, I can't believe this. I just lost all my money clowned. I got clowned But really what happened Uh is I went and I said, okay I stopped for about a month or two months and I wouldn't even look at the market So it was so ticked off and then I got back into it. I started dollar cost average The first one was You know who helped me get back into it was digital asset investor He was big on xrp. I started to get an xrp. I thought well, that makes sense And then I followed some other people around and uh, I was like, well, you know, bitcoin and theorem could still be pretty solid Play so I would put in like 25 bucks a week On xrp and I would put like 25 then I added 25 bucks into bitcoin because it was down to like 5 000 bucks I was like, okay, 25 bucks a week 100 bucks a month again very angry And as time went on I learned this thing about dynamic bca Which was I would put a little bit more as when we really dropped off and it would kind of increase it So if I put in 25 bucks for a week if it dropped You know, I think I had a rule like over 10 percent. I would double it up I would drop 20 percent. I would triple and uh, that's how it worked out So it wasn't that much to begin with but over time Uh, I got a little more comfortable because I was just dollar cost averaging in this in this channel where it was just a little bit and it wasn't Too big of swings and I was like, well, that's okay. I can deal with that And then over time then then it was then it started to be 100 bucks 500 bucks a day and things like that. So Uh jasper's got a good point. I don't uh understand the depressive feelings about bitcoin and crypto We all know it'll go back to what it was and over within three years only use weight That's a great point, but I will remind everybody I always talk about the dash assault Let me show you what I'm talking about And And bring this up Jasper's right though. I mean bitcoin's gonna come back You know why because there's so many institutions and hedge funds and all those players that want to get into it They'll get into it. Um Come on There we go. So like salt not not everything will come back And that's why sometimes it's just important just to get into something boring Like a bitcoin like a theorem, which is still traditional players pretty crazy. This is salt over Is this 24 hours? Yeah, okay. I don't care about that So I got an assault Because that doesn't be a great lending platform and it rocketed up to over 14 bucks 15 bucks 15 dollars and 38 cents And I bought it somewhere around here and then look at this 73 cents 64 even if you dollar cost averaged From here it'd be very hard to get back up here There was a slight bump Back in may when I went to 80 cents. Ooh, watch out, but it's been pretty flat and different problems with the sec and management and things like that So that's just one of those things where like That's not a a project that you're like, oh, I'm just gonna keep dollar cost averaging forever until it comes back That's not how it works and then dash is doing actually pretty good But if we take a look at the max, I mean here was it's all time high if it came and get the all time high After this monster bull run like what kind of Prospects do we have so Again, this was over a thousand bucks. It was almost 1500 bucks And now you're looking at under a hundred bucks Over time. I mean you could probably write it out, but there's a lot better place. So I would say You can dollar cost average, but not everything is coming back and I call that the dash assault Hope that makes sense for everybody uh-oh I know I know McAfee wouldn't be writing this bet, but I feel more triggered over plan B. Yeah, everybody's really ticked off a plan B But it's because we believed into it, right? and we didn't question it because it was the greatest Stock to flow ratio of all time well, it was his and uh, we just let us slide and uh, now we know that's just like ben says over in the cryptiverse All models are correct until they're not Uh visa and mascara in the game. Look visa has been in the game forever You don't understand how they do not want to get blockbuster in this they've we just covered this I mean their deal with usdc their deal. I think they have with with avalanche Don't quote me on that one. There's a bunch of different big players in blockchain That are partnering up with visa and it's not even funny There's so many things out there that they're doing with them because they're like look We're a payments processor, but we can get our tail kicked in by these new projects. So they're They know the writings on the wall and they're smart Vgx is awesome. They can seven percent. It is awesome. You know, be even more awesome if my price prediction would have came through That was the wackiest one I ever had I learned a learned a good lesson Doesn't matter how great the team is now things are going out That nobody knows where things are going. So just be careful and the only way to be careful is dcan and out and take profits No, I'll give you trials. I'll give you a price prediction right now on cardano Check this out for donno The price of cardano in 2022 Will be between one dollar and a dollar 25 So let me say that again the price of cardano price prediction right here between a dollar and a dollar 25 And you know what that means moon We're going to the moon dollar 25 No problems That's it I think let's go. We got going on. Okay sniff Steve or lick will screw all of you. Just watch just you watch I don't censor anybody on my channel is there a scam or a spammer so Hey, you know what from what I've seen from steve and voyager Seems to be pretty good. But could they screw everybody? Well, I don't put anything beyond anybody I trust very few people and uh, that's why I've done it so well So who knows? I don't personally know that that's happened, but uh, you never know Something could just come out and steve's like I got it Shutting the whole thing down Well, that's what we've been talking about flux luxo and telos how about helping a little man get rich There you go. It's the best it is That's all. All right. So there's oh, there was one more. Where'd it go? I just saw it Okay, this is it Dwayne the rock Mark Zuckerberg about to put the 200 billion on bitcoin. He removed from meta So I will just tell you this It's not a question, but it's a comment. I think that's uh any Big name institution that gets into bitcoin. That's all we need That's just a little bit of gas on this already fire. That's kind of just slowly being stoked And I think it'll be big if microsoft comes out tesla comes back to the fold If uh, jeff bezos said, hey, you know what we're really getting big into crypto and uh, they're talking about it And yeah, it could be big. All right. So that's it and that's it for today So first of all, uh, thanks for stopping by appreciate you like today's video Give it a thumbs up and a like and if you're watching the replay I'm going to put a video here and here so you can uh continue watching to your heart's Desire of whatever else we got going on. That's it. Thanks so much for watching. I appreciate it. See you on the next one Let's help these guys. She's