 News my name is Rob. We've got a ton of stuff to go over so let's just jump right in first up I'll talk about market and the correlation if it really is there and then we're gonna talk about weak men So I'll talk about voyager concerns growing over three arrows capital And we'll talk about J. Powell Fed reserve and the teeter-tower method Then lastly we'll talk about some good news, which is laying track With stable stable coins and bank integrating cryptos and then lastly last lastly We'll talk about a little mental health and do a little Q&A. So let's jump in first things first the market and Actually before the market, let's talk about this this is a phrase that I think really holds true right now and moving forward which is Hard times create strong men Strong men create good times good times create weak men and bad situations and weak men create hard times Or just awful collapses. So when we talk about some things then I want you to remember these four things I just said and just kind of think to yourself where we are right now. Great. All right So here we have the markets and we're down a little bit, but hey bitcoins above 20,000. That's happy, right? Everybody's happy great, but there I am above a thousand and We're still below one trillion actually well below one trillion market cap So we're still a measly multi billion market cap So nothing to really celebrate in all honesty and actually just take a look at the prices just because we're above something doesn't mean anything I mean, we're down tremendously. That's not how I see this market. I mean, I see it as you know Multi trillion dollar market cap. I see good things I just don't see a lot of good things happening right now this instant because the narrative doesn't fit and Then the question I always have is well if we're down and I'm always talking about correlation How's the rest of market doing? Well pretty good actually S&P 500 is up and so is NASDAQ up a little bit and you can just see it's been pretty good earnings reports have come out there's been some Some some late jump on different stocks and things are looking pretty good in the traditional stock market So congratulations for everybody in the stock market and traditional places I own a little bit myself and Just some days just not correlated because really what's going on is I feel is Contagion and a lot of good times led to some weak people doing some really bad things and Really playing in the market and I'm not calling. This is Roger Vera I don't know but when I got in 2017 he was everywhere and I like Roger Vera having a show real nice guy He's the one that was a big Bitcoin proponent that went to Bitcoin cash everybody boo-hoo to him I don't really care about that. I mean that's just what he thought it was was right at the time I actually like Roger good guy and This was from Nate Anderson at clarity toast. He should follow him on Twitter a lot of good tweets and he Had this video. This was right after this is in 2014 right when mount gox Just started to collapse and remember in 2014 that was the start of The crypto just to fall off the cliff as far as the market cap from 2009 10 11 12 13 There was a pretty good Run-up and in 2013 Bitcoin hit its all-time high of around $1,000 somewhere around there and then after that Everything started to start to slide away. So just like we have the four-year cycles I personally believe it goes just in line with this hard times strong men strong men good times good times weak men weak men hard times and Also, I believe that they're Nothing really changes. So I want you just to listen to this real quick. It's about 30 seconds. No 50 seconds This is Roger talking about Mount gox and what's going on? So let me stop my screen real quick Share the tab so you can actually hear it with with some clarity and I'm gonna mute myself. You don't hear me I'm Roger veer longtime Bitcoin advocate and investor today I'm at the mount gox world headquarters in Tokyo, Japan I had a nice chat with mount gox CEO mark propellis about their current situation He showed me multiple bank statements as well as letters from banks and lawyers I'm sure that all the current withdrawal problems of mount gox are being caused by the traditional banking system Not because of a lack of liquidity at mount gox The traditional banking partners that mount gox needs to work with are not able to keep up with the demands of the growing Bitcoin Economy the dozens of people that make up the mount gox team are hard at work Establishing additional banking partners that eventually will make dealing with mount gox easier for all their customers around the world For now, I hope that everyone will continue working on Bitcoin projects that will help make the world a better place so And before anybody starts to say anything about Roger beer Let me tell you something Roger very did more for this space than a whole host of people So I don't want to hear it But that was what his statement was people get things wrong and that's exactly what he said in a week later There was this this huge you know the huge hack came about and It was led to pretty much a big collapse during that time frame so That's just what happened during That and of course, I think we can all agree with what's going on with Celsius here This was on let me June 11th Mike Dowdus, it's funny like doubt is it's pretty good He says uh I hope retail can get out. I've been hearing about accounts locks. That would be similar to luna We shall see and Alex is like Mike Do you know one person who was a problem with drawing from Celsius? Why spread fun and misinformation if you are paid for this then let everybody know you're picking sides Otherwise our job is to fight trad fight together and that was on june When was that June 11th was Saturday June 11th and actually on sunday on june 12th. That's when I put out my video and said hey Is something wrong with Celsius? I mean you guys should take your Your funds off and then that was in the morning on june 12th and then nine hours later like I always say Redraw withdrawals were suspended and it's the same thing here as we just saw with with roger Now unfortunately, we got stuff like this Voyager came out on june 14th and because of this situation says we manage risk and prioritize the security of customer funds first and foremost We keep things simple. No defy lending activities Let me say that again. No defy lending activities, which is what? It looks like Celsius has been doing or had done which leads leads to a little ruination No algorithmic stablecoin staking in staking, which again luna terra Celsius No derivative assets and certainly no staked ETH our straightforward low risk approach to asset management Is the result of our decades of experience leading companies through market cycles? We have the experience to back our decisions and whether any bear market and here's the thing Uh In a lot of ways, they're right As far as risk management, they are very good. They all take they do take a look at Some of the most trusted individuals in the space and they make those loans out to them only There's no defy thing unfortunately Here's the problem They had a big loan out Two three arrows capital. I think this has been going around but there's there's some nuances to this that I think Are kind of important, especially when we talk about collateral So here was the press release on june 22nd and it states Voyager digital provides market updates. Voyager digital holdings entered into a definitive agreement with alameda ventures That's great. You know who runs that that's sam bakeman freed And uh ftx also ftx made a nice little fat loan to block fi So, uh, I think they're I think, you know, which side they stand on which is fine. I mean it's business Uh related to the previously disclosed credit facility, which is intended to help voyager meet customer liquidity need during this dynamic period Fantastic, and I'm not going to say that oh, this is awful. This is great. Like I said, this is phant This is great. They knew there was a problem. They go over here and go. This is what we need So they got 200 million in cash and usdc revolver and a 15 000 bitcoin revolver As of june 20th voyager has approximately 152 million cash And own crypto assets on hand, but here's the obligation to provide this funding. First of all Voyager Can have no more than 75 million may be drawn down over any rolling 30 day period Companies corporate debt must be limited to approximately 25 of customer assets on the platform So they can't go in there and say hey, we've got 100 million give us 100 million doesn't work like that 25 of customer assets An additional source of funding must be secured within 12 months Which they're really what they're saying here is we don't think this will cover everything So just to be sure get some more And this is where it gets good Voyager concurrently announced a notice of default to three arrows capital for failure to repay its loan. That's not good Voyager's exposure to three arrows capital consists of 15 000 bitcoin And 350 million usdc let me say that again 15 000 bitcoin and 350 million usdc. So why'd they do that? Because they said that look they said You know, we do a lot of risk assessment. It's because we take a look at three arrows capital Multi-billion dollar company. They looked them and go, okay. You're pretty safe And that was the risk assessment. They probably did a lot of things to the books. I'm sure it wasn't one person going through And here we are Unfortunately, there was capital with a bunch of degenerates and they were making some don't sue me That's just what I hear That's just what I hear through the grapevine as they invest in two d5 projects That's had ridiculous yield, which they knew was not sustainable And that's three arrows capital anyhow Voyager's exposure Which we talked about The company made an initial request for repayments. So voyager made a request for payment of 25 million by june 24th And requested repayment the entire balance of usdc and bitcoin by june 27. So it is is it 22nd? I'm having a hard time with dates today. It's june 22nd So let's see what happens in two days. Maybe three arrows capital We'll be able to come up with that 25 million and then the entire balance of 350 350 million In three more days after that. So we'll see I don't know Alameda currently Indirectly holds 22 million 601 thousand 260 common shares of voyager because voyager's a publicly traded company Representing approximately 11 and a half percent of the outstanding common and variable voting shares So that's just that first part. Here's the part that concerns me a little bit more than anything else this is The filing the sec filing For voyager digital limited interim condensed consolidated statements of financial position And the one thing that that concerns me you got assets liabilities and equity got it Okay, so here's the thing see right here where it says Crypto assets loaned right here. Hopefully you can see my My mouse crypto assets loan because assets current assets cash and cash cash held crypto assets held crypto assets loan if we scroll across in white 2.0 22 and when you read this you're like, oh, it's only 2 million. No, no, no, it's not this is in thousands so 2 billion 22 million 444 thousand And crypto assets collateral received so basically If you want to get if I wanted to get a loan which I have got a loan before you needed 2x 3x or 4x Now because that's safe like if you can't pay us back Let's say I want a thousand bucks. Okay, we'll give us right now and give us 2 ethereum We'll give you a thousand bucks great Uh, and then when The price of if the price of ethereum starts to go down Then they're like, hey margin call. Hey, put some more collateral. You're not 2x. Hey, it's going down even more Forget your liquid. We're gonna liquidate you to be safe. Sure. That's it. That's safe When I'm looking at this I'm like Unless I'm reading this wrong crypto assets collateral received 327 million 339 regardless it's Not as much here Investments are the current goodwill and here's the liabilities Crypto assets and feeable payment to customers 5 billion Crypto assets collateral payable 20% so that's this this is the what what concerns me and I was thinking myself Well, maybe that's not right. Maybe Yeah, I'm just not looking at correctly because it's just a snippet of someplace else. So Uh, there was a press release. This is from the same place pr newswire And if we come down here, it's the same thing. This is directly from voyager And usd in thousands crypto assets held I don't know it's very respectively. So this is in march 2022 And as compared to june 30th crypto assets loaned and collateral so That's uh, that's what I see So let me know what you think about that in the comment section and uh We'll go from there That's uh, that's pretty good. I'm just take I took a quick look at the comments. It's pretty funny and then um There is one more thing I like to say you see this these rules underneath me I just put these rules out two days ago the rules And I said I wouldn't remove them because I think they should stay for ever Because these should be some of the rules that's I think uh, that I will adhere to you don't have to adhere to them because this isn't a financial bias when a financial advisor But for me the rules are this I always think to myself anything that I invest into it's already gone meaning In my head, I have just think myself. Well, whatever I invest into I'll probably lose it And I can only invest more than I can afford to lose So if I'm okay with putting 20 bucks into bitcoin and going well, this isn't going to crush me I'm okay If I look at my bank account and put my entire life savings Into uh dogecoin or even bitcoin Then maybe that's not the best place for me. The next one is everything's a scam Treat everything like a scam until proven otherwise and you'd be a lot happier person I can guarantee that And the next one is zero percent of exchanges and I don't know what's going on Uh, I said the same thing with celsius. It seemed like a little bit off So I on last sunday. I said not this sunday to lent sunday for last in the 12th I said you should if you don't feel comfortable and is the yield really worth it and take it all out And the same thing here I will still use voyager because I still have to buy crypto when I dollar cross average and when I want to sell But I don't have to keep it there if I don't want to and there's some cryptos that you can't take off of voyager and other Exchanges so for that you have to decide is it worth it to buy this crypto and leave it there or not Maybe I want to put it into a ledger. Maybe I only want to put in my metamask. It's up to you I can't tell you what to do much debt So these are just the things that have kept me a little bit safe. The next one is no leverage It's just a rest for disaster. The last one is take profits. Stop being so greedy. Trust me I get into that pit myself So that takes care of that section. I mentioned think and uh, I'll let you decide and let's talk about Jay Powell and teeter tattery. So This one, I think this is not this part isn't a shocker to anybody But what I want to talk about is that with with the fed not pivoting and they're going to raise rates again in july We have to know this right either a half a point or 0.75 basis points. They're going to increase for interest rates It's going to happen again And the big thing is that when you hear these stories you want to think to yourself Am I diversified enough like for me? I always think to myself if crypto goes down What are the other parts of my portfolio that can go up? I'll get to that in a second. So Here's what we got Powell This is on this was today. It says a soft landing is very challenging. I got to agree with him And then a recession is possible and that's true. I think a recession is here, but I could be wrong Now this is what he states. This is on uh, we're talking to lawmakers He says the other risk though Is that we would not manage to restore price stability And that we would allow this high inflation to get entrenched in the economy. This is what I told before congress, I believe He says we can't fail on that task We have to get back to 2 inflation And there's a let me just show you The great app i'm always talking about app that true flation. It uses 30 different data points And on top of that it also uh integrates with chain link So it's it's an oracle which pulls all outside data and you're going to see here like this The fed thinks it's at 8.5. Sure, but true flation these different data points says it's more. Geez. I went up Oh, no, I went down 10.92 to hey 10.77. Wow so just be aware that uh, that's That's uh That's going to happen And if they want to get back to 2 inflation expect some pretty harsh Some pretty harsh moves, but they have to do it And that's just how it is and that leads me to my next point which is teeter tottering So As if crypto goes down you want something in your portfolio to go up. So this is my portfolio essentially I got a bunch. I got cash and stable coins I don't keep stable coins a lot on the exchanges anymore. I put in my ledger And why it's because if I have to put money back into my account my bank's like where does money come from? I don't want to deal with the my my banks anymore. I just put them in stable coins stick them on the ledger and off they go It's very nice 5% is in masterworks. That's fractionalized art. You got land and and real estate. I think real estate is actually more More so and then again when crypto was going down and way down Uh, the real estate market was doing pretty darn pretty darn well We actually sold two of our houses uh because it was just the prices were just too ridiculous and it worked out pretty well Amazon whatever your business is and then uh staking and then an IRA. So just so you know just real quick masterworks There's a link in the description. Here's my portfolio. I've got a bank see and a basket not the whole thing These are a fractionalized share of artwork and it's registered with the sec Which makes me feel quite comfortable and here's the rates and what's great about that is it's uncorrelated You know why it's uncorrelated to markets because rich people are crazy This was a bank see It's was shredded and sold for 25.4 million when it was first offered Uh, it only sold it was called girl with balloon and it only got 1.4 million again rich people don't care about recessions They'll just buy anything because they're rich. That's why I like masterworks Also, I trust capital roth IRA. This is a long term thing But just remember, you know how peter teal turned 200 000 bucks into 5 billion It was a roth IRA if you don't know what i'm talking about There's a link in the description I got a video and I explained the whole thing and then also I got a lot of questions about the roth IRA about Especially with rug pulls and people losing things and and different custody just so you know I trust they use fire blocks and coin based custody and people like ooh coin base. That's awful not really Coin based custody is the primary execution partner by micro strategy. So if michael sailor trusts them I'm just saying I'm just saying wouldn't be a bad place And then lastly for real estate. I've got a playlist which you can check out obviously Real estate's not the best time to buy right now But it just gets you prepared for what's going to happen in the next one two and three years So they're very very fast videos about 30 minutes apiece. So just check that out links in the description Looks just like that and that's what's going on and let's finish up with Some good news since I just kicked everybody in the teeth for about 20 minutes there Here's some good news crypto giant tether Is launching a sterling pig stablecoin? I thought it was odd, but I mean it just shows growth Here's what we got a major crypto firm tether, which I personally don't use but whatever sit on Wednesday It will launch a next month a stable coin pegged to the british pound A move that came as london draws up plans to regulate The fast-growing digital currency British british virgin islands or bvi based tethers tether's dollar peg stablecoin is the third largest more cap with 68 billion circulation britain plans the legislate to bring some stable coins under the oversight of regulators and that's that's fine That means that we can have a lot more reach as far as crypto And what's great for stablecoins we can get into other coins that are in cryptocurrency digital assets and then last and also others is pretty cool and I I said about this earlier, but I think it's interesting that this is going to go live on In like a week the euro stablecoin So this is built by usdc or circle And it says euro coin is issued by circle under the same reserve model as usd coin They have over 54 billion in circulation. Okay, great design for stability. It's 100 back by euros Just like usdc is 100 back by well assets and dollars and things like that It's held in euro-denominated banking accounts. So it's always redeemable one to one for euros. That sounds like an adult thing to do Together euro coin and usdc unlock new possibilities near instant foreign exchange where daily volume and traditional markets can top 6.6 trillion globally Let me say that again Near instant foreign exchange where daily volume In trading in traditional markets can top 6.6 trillion globally. That's a lot of money for circle. I'll tell you that institutional traders can Do well businesses make payments globally to suppliers vendors employees with funds I can settle in minutes and individuals pay for goods and participating merchants Transfer money quickly across borders to friends and family And use euro coin through the innovative web 3x and I tell you that seems like kind of uh, like a competitor to xrp and lighting network I'm just saying That's just how I see it What I don't understand is this It's coming soon to ethereum And I'm thinking myself That's I don't correct me where I'm wrong here But if you're doing remittance payments and you're in a third world country And you have to pay the gas fees to move things around especially on ethereum Would you do it? Like that doesn't seem like much sense like like western union is is I don't know how much like 15 20 bucks or something I have for each transaction, which is ridiculous or whatever Uh, if you got to do this on ethereum, it's like the same thing Unless they're gonna integrate Doesn't make any sense in polygon or something But anyhow Eurocoin is officially launching on june 30th defi is compound curve dfx uniswap Walter ledger metamast institutional. So that's I guess that's good I mean, it's good for laying laying track and the last thing I thought this was pretty cool Or pretty good to step in the right direction because banks about to get blockbustered City bank chooses uh swiss firm medico for digital asset custody Uh, this is integration with security services and we'll focus on tokenized securities being with So don't get your hopes up so much, but it is at least a little crypto. This is what's going on City bank, which I didn't know this which holds about 27 trillion assets under custody really City which holds about 27 trillion assets under custody, huh? Intends to fully integrate medico's harmonized crypto custody platform. This was on today The announcement concerns city security service team meaning the focus for now will be on things like tokenized securities or like like like stocks bonds Uh, and then you can use them um settled using the blockchain tech. So I guess that's a step in the right direction and then maybe again get into other crypto parts So like golden sacks and jp morgan city offers trading in bitcoin futures And in november of last year the bank revealed plans to hire 100 staffers to beef up a digital assets division For institutional clients. I wonder if that's still going on because I know there's a been a huge amount of layoffs in coinbase and block fi and different places like that except for Binance and kraken they seem to be hiring people so good for them And this is uh, oaken peckin global head of securities We're witnessing the increasing digit digitization of traditional investment assets along with new native digital assets We're innovating and developing new capabilities to support this class and come increase movement. Great, great So again, I know this isn't the greatest time because of the bear market, but this is when everything gets done This is when the track is laid and people actually come into it and uh, things happen That really didn't think uh could have happened like to me like a little regulation to show Exactly where we stand so we can get the rules. Again. I know people don't like me talking about regulation. I don't This is what it is. I still think we need it. Give me the rules so I can bend the rules to my whims That's it. So anyhow, that's what we have and then lastly Ah mental health so sweat token Just you know the token generation event will be on 12th september. What does that mean? That means let me stop this right quick Hmm There's this app It looks like this And you can download it for free and you don't have to do anything. All you gotta do is walk But this phone your pocket and walk around it's gonna help you with It's gonna help you with a lot of things just walking I'll walk every day for an hour with the dogs and without that I think I would have been a mentally a lot worse shape. It helps you to get exercise Oh, and guess what? Every thousand steps you take you get roughly a sweat token And then when I do this token this token generation event on february 12th I'm gonna do this June July august September Like three months from now roughly I guess Uh every one Sweat token that you get they're gonna airdrop you sweat The cryptocurrency You don't have to do anything. You don't have to buy an NFT. You don't have to pay thousands of dollars You just download this this this app and also here's a fun thing Uh, when you download this just follow this guy right here. See that robbie d news Just follow me on the app and if you beat me in the steps, I'll give you one of three things The top three people that you're gonna come on the show I'll do a portfolio review where I'll pay them 50 sweat tokens Just for beating me. I don't know how the heck this is happening, but honestly today. I'm losing badly I only have 3,600 steps shoot. Well, how about this week? Ah, son of a gun Well, how about this month? Okay 109,000 steps. So look Uh, that's what's going on and there's a link in the description For this it's like a little running person and you can download it and uh That's a way of so let me stop this All right, and that my friends Takes care of the news. So we're a little bit long a lot of things going on But uh, that's just the truth. So if you like today's video, give a thumbs up consider subscribing We're gonna go and do the q and a right now and I'm sure a lot of you have some questions So I'll answer your burning questions to the best of my abilities And then we'll get out of here and enjoy the day. All right, so let's Hit some comments