 Welcome to the Saturday livestream a lot of things of the covers. Let's just jump right in so just like the thumbnail and title suggest The EU looks like there's putting some restrictions not an outright ban But you're gonna we're gonna go over this and talk about it before it gets a major coverage for you to realize just how Laughable this actually is so what we have today is a little piece talks about the EU is cracking down on cash and crypto payments Which you know, that's a pretty good idea If you're a government and you say, you know, we should do to to deal with all these People who are doing the illegal activities. Let's make sure that the people that are legally doing it Are stifled and they can't do it, which means that the illegal people won't do it Sounds like a great plan. So here's what we got new regulations Which were green lit by the majority of the EU Parliament's lead commissions on March 19th Established specific limitations on cash transactions. So we're gonna start with the cash transactions so We'll get in the crypto in a second, but I I still have to tell you this is ridiculous So they're gonna limit you moving cash cash payments exceeding 10,000 euros will be prohibited Full stop. That's it cash payments exceeding 10,000 will be prohibited now I'm sure that they make provisions for different institutions companies Corporations and stuff like that. I think this is probably more for the individual person because you know Who's gonna spend over 10,000 euros in a single spot? Makes no sense, right? Again, that's sarcasm Anonymous cash transactions above 3,000 will also will also be outlawed. Wow, it's crazy So you have those two things. I'm sure there's some provisions in there But that's not the whole point of this whole point is this crypto payments are the most contentious aspect of the new AML Anti-money laundering package under the new laws any crypto payments made using Unidentified self custody wallets will become illegal. So that could be any kind of wall that you that you have that could be The Meta mask that could be phantom wallet that could be soul flare that could be whatever else that it's out there That is not Identified now. I think there may be a provision here where you can say, okay, this is my Meta mask wall This is what I have you tied this to me. So everybody knows Again, we're gonna see how ridiculous that is this applies to any digital wallet be a mobile desktop or browser based Not operated by a licensed provider or like a centralized exchange new AML regulations are slated to begin within three years of Their official entry into force. However, the anticipation that these laws will be fully operational well before the standard enforcement timeline so Before this kind of breaks out because of course the mainstream media or whoever else is gonna pick this story up They're gonna say, okay, now we've got a new flood story now We're gonna run with it and of course people who are Anti-Bitcoin and crypto under the law says we're gonna say, okay, see we told you this is all gonna go down in flames. However, this is ridiculous Anonymous transactions This is a this is a quote from Briar anonymous transactions are a fundamental human right for achieving individual financial autonomy infringements on privacy rights and then Coming down here The regulation on self-custody. Well, the regulations on self-custy wallets could be technologically bypassed by using dex's be centralized exchanges or Privacy focused blockchains So again, when they talk about this, what's to stop? I'm gonna ask you a question. Maybe I'm not understanding this what We're talking about here is if you want to do 10,000 in transactions on crypto Why wouldn't you just do like have a couple of different wallets out there? And it's okay. Well if you if the payment is this much I've done this before actually and Not not to get around different things. It's because there was there was the limitations that were set If you know payment Okay, and it's $20,000 why wouldn't you just use like one two or three different wallets and kind of go from there? Which would be the same thing and then off you go. So for me when I take a look at this I'm like, what are they doing and as far as like cash payments. It'd be the same thing like cash payments if you want to hide things first of all Crypto is not a great place to do that if you want to hide things there are it's an open ledger Anybody can take a look at it. There's all different types of scanners Bitcoin Ethereum every blockchain is available people take a look at it So when we take a look at this and we think to ourselves, okay, this is gonna be bad There's just no way of why this would happen. So anyhow, we'll see where this all goes and I think The last thing I would say here is that someone said in the in the comments. This is just a provision. This hasn't gone Well, it was green lit by the majority of the EU parliaments on March 19th So I know they've been talking about this but apparently this is going to go into effect now Something changes a lot right now, but that's the information that we have so let me know what you think about that in the comments section again If they want to just break up the transactions It's easy for that and if they want to do if anybody wanted to use like a VPN because I seriously believe I honestly believe that Autonomous transactions are are right and we shouldn't have to tell everybody what we buy and what we do and if people say well I have nothing to hide that's not the point the point is Everybody should have that opportunity to purchase and transact in an autonomous way Without somebody peeping into you and watching every single one of your transactions And that's of course what government is pretty much bad good to do anyhow Let me just think about that in the comments section and that's the negative news Let's talk about some good stuff for a second. Yeah This was the I just was Snooping around on Ben site in the cryptiverse and there was this great thing called the fair value logarithmic regression Now there's gonna be tons of price predictions. I'm not big in that, but I found it interesting it's just a fair value and It goes all the way back in 2011 and this is like the most conservative of conservative and when we take a look at it Of course like when we're in the bear markets going back to 2010 right bear markets Wasn't even a halving yet the fair market value for the upper bound. This is crazy in 2011 was four bucks The middle value was three dollars and the lower bound was three dollars and eight cents But it actually went up to twenty dollars Then of course we go into bear markets and it dips way below that right and then we start to go into 2013 Same thing happened, but it's just insane to think about that the fair value of the upper bound is a hundred and sixty eight dollars here in December 2013 the fair market value just where it should be the hundred forty one and lower bounds 119 yet Reach a thousand dollars Now let's come over here to 2017 The upper bound should have only been 4,790 dollars the lower three thousand But we of course went all the way up to nineteen thousand doesn't show it, but it did And even to even 2019 this is when we had a little bit of a rally and there was really not too much going on The upper bound was twelve thousand Bitcoin price was eleven thousand two hundred So actually went above it actually if we zoom in we can see that actually went above the upper bound And that was not even in a bull run same thing happened again in 2021 the fair market value should have been In the upper part twenty nine thousand, but it hit sixty and now here we are Coming into this nice bull run And we're at the lower bound of sixty seven thousand not bad quite honestly Fair market value eighty two thousand the upper bound is a hundred thousand man When that hits I unfortunately have to take a dip into the pool But I just was curious to see if we extrapolate this out and just go to like the end of 2024 Where could we be and again? We may go into another bear market who knows not anybody's guess But look at this and again think about to the last bull markets The upper bound was is is a hundred thirty five thousand fair market value one ten lower bound ninety thousand But even if we go to the lower bound of ninety thousand Would anybody be like upset at that point if we were that that low? I think that's it's just something to think about Um, it doesn't mean that everything should go up or can go up to that point It's just interesting to take a look at the fair market value of where we could be And where we should be anyhow, let me know what your predictions are mine still remains the same Bitcoin will be between five dollars and five hundred thousand dollars by the end of 2024 and I've always nailed that But that's what we have for that. But remember this is bitcoin There are other opportunities out there if you're so bold to take those opportunities and a couple of things that I've been taking a look at There's a great narrative. Maybe we know about the narratives that are out there web threes dexes, which we just kind of talked about Another big narrative is deep in decentralized physical infrastructure network and another one is artificial intelligence What if you combine the both? Well, there was a node sale on a new project called ather And I couldn't get into it I'm in the United States because Gary is protecting me harder, but They raised over a hundred million dollars for these node sales And I actually had Dan Wang on he's one of the co-founders of ather And we did a deep dive video which will be on the second channel over at dandy gym But it looks like a good project because they already have a massive amount of gpu's That are In a decentralized physical infrastructure network and it's going to be powering ai and I think it's interesting About where it is now this token doesn't launch until may Of 2024 so right now we'll be covering this not on this channel so much but on the secondary channel But again, they sold The narrative is huge. They sold 26 000 underneath. Let me see someone 25 000 was a couple days before and there was Yeah, 10 million dollars in node sales and that was just on the first Oh, no, excuse me. You be you be capital came in And just them alone 10 million dollars in nodes So we'll see if this goes but I gotta tell you I think this is gonna be pretty good And then there's another one on this one and what I what I like about this one is of course what we just talked about but this one is based on Arbitrum Which is a layer two for aetherium now you take that and flip it over there's another one called io.net And this one is powered by salana and it has partners with file coin and render already And when I took a look at this one as well, I'll be doing a deep dive on this They just put this out 20 hours ago io nets recent expansion to facilitate apple hardware will allow users to start earning By providing computing power from devices within with m1 m2 m3 chips, which is what I have on my macbook pro This will allow more user to onboard the io net platform with engineers now being able to do whatever they do. So again This one will be launching relatively soon. We'll keep everybody up to date But if you just want to go into bitcoin, it's a pretty good play But there are opportunities out there and we'll go from there But this one looks pretty good and if you're wondering about like the d-pen play and ai We did a pretty extensive video on those two factors Over on the second channel dan d gen against the more risky stuff I linked this in the description where talked about minutes network, which is a telecom play But also with d-pen and how that works and why it's going to be so I think massive Coming up into late 2024 2025 and we'll go from there So check those out links in the description. Finally, I want to give a shout out to this young kid He came on To x and he talks about him getting drained and it was a great video And it's a great lesson I feel sorry for him because first of all you got drained which happens the best of us I mean there's scams out there like crazy But just the amount of poise that he had is everybody piled on and pretty much called him a moron and an idiot Which is the worst part of our community. Let's be honest X is not the place for loving compassion It's a place to come over and really just get destroyed unless you just want to do memes all day So I want you to listen to this and learn from this kid. It's a minute and 40 seconds I linked the description of his x account in the in the description so you can give him a follow But uh, just take a listen to this. Let me make sure you can hear this correctly. I want to make sure It's crystal clear what he's saying Let's see Yeah, take a listen Hey guys, I'm gonna try to keep this short. My name's Ford. Um, I had my D got drained today Um, I'm 14 years old. I live in the united states Um, I hope you guys can understand that I'm not here to ask for money I'm done. Don't send me any money Like I asked that in the first donations because I was frustrated at the time. It was 20 minutes after I was drained Um, but yeah, this was mainly to clear up the air. I'm 14 and my D got was drained because I don't know how like I'm trying to figure it out still I think I clicked on a link and I maybe connected it to something But it sucks. I shouldn't send it to my ledger sitting right here. She sent it there but now I know right in the future what to do with assets and There's a lot to be taken away from this experience But um, it doesn't help one of communities on my ass telling me I'm not 14 Telling me sucks to suck Change your pfp All this hates unnecessary in my opinion and I prefer if you guys Didn't hate but it supported the journey not money-wise just maybe like I don't know liking something following I'm just trying to make a comeback and stay positive kind of bad situation into a positive one So I think the goal here is going to be to turn around and make a comeback So this is my video To clarify some questions. Let me know if you guys have any more. I'm gonna get my space in a sec. So yeah, see you guys huh So anyhow, good information. I'm from the kid and uh, see how it goes