 Welcome digital asset news or Dan for short. My name is Robin today We've got a lot of things to go over so let's just jump right in the first thing we're gonna talk about obviously is the crypto pump today So we're gonna take a look at a couple reasons why that's going on I think it's coming out two things acceptance of the Fed hikes by Jay Powell and Also institutions as they come in as a tiptoe into our market Also, we'll take a look at some positive macro trends for once and also talk about building in the bear market And then lastly we have to balance everything out So we're gonna talk about how it's not all good news though There's some things on the horizon especially some macro factors But I think if you stay with me all the way the end You'll get a little bit of a peace of mind and then lastly just so everybody knows This live stream will be reaching over into the DCA live stream with me James from invest answers and Ben from another Cryptoverse there will be a link in the description once I get it which will be hopefully the next couple minutes And that DCA live show will start actually in 45 minutes. So everybody Welcome happy Friday. Glad you stopped by first things first The crypto pump what's going on? Well as we can see quite clearly And I'm sure you all know this because you look at your portfolio way too much is Bitcoin is pumping if they're in pumping everything's pumping is great great fantastic, right? Binance coin is pumping. I guess nobody really cares about how centralized it is whatever XRP Binance one of the big winners for the day though is Kind of here's polygon just crushing it 18% and 24% and there's a couple of big news items, of course They're going to partner up with meta which used to be known as Facebook as they start to mint NFTs Also the same thing we said for Solana, although not as big of a pump for Solana And that's just what's going on. So it's interesting today that We started this pump and we keep going but if you take a look at what's going on the traditional markets NASDAQ is actually down a little bit started off Week then rally then down down it goes again same thing here. Whoops. I look it's going to go to the S&P I wanted to see the same thing twice Oh and again that one started off Same way as NASDAQ rallied came back down just kind of moving sideways So it's interesting to me right now that we in our market. We're holding up pretty strong now Does that mean that we are going to keep going up? Probably not because remember we are in crypto and there's a little bit of Volatility but I talked about this a couple days ago When Jerome Powell came out and talked about hey federate hikes are here We told you that we're gonna keep going all the geniuses were like no no They're gonna pivot or no there was some some Little dovish talk a little bit ago about this and this and everybody analyze it And I'm just like just listen to what he's saying listen to what he's saying listen to what daily is saying from The Fed Reserve the San Francisco chairwoman They're saying the same thing. We're gonna keep raising rates until we have 2% I don't know why this is so hard, but again The Fed rake Fed rate hike was expected. So I asked the question why is why did we keep having these little dips? It never fails people pay say it's priced in there's always a little turbulence and then maybe tomorrow we go up 20% Well, I was wrong about the 20% but in our market. We do seem to have a little bit of a rally So the question that is well, why is it us and not everybody else? Well comes down to a couple a couple of things first of all This was put out by ny dig or nigh dig some people call it And I just tweeted this out ago. I think black rock fidelity bny melon when the oldest banks in the united states mass mutual And again, that's I mean all combined. These are big institutions that are getting into crypto I think they figured it out. They're like, hey, guess what? bitcoin here In q3 of 2022 isn't so volatile Actually, it's doing pretty well precious metals is going great great because I own silver and gold too So i'm happy about that cash is up a little bit. Hey Good times being cash like benzo is talking about cash is king Let me take a look at uh, what's going on this quarter short-term treasuries total us bond market Long-term tax and 10 tenured treasuries us large gap us stock market. Everything's down across the board re it's Real estate investment trusts are down 13 shocker I mean as we see like uh, the amazing housing run that we just saw last year going into january and february 2022 I mean You just take a look at this this if I was an institution would make me sit up and go man Maybe it's not as volatile as what I think it is but again We can't cherry pick the data. We have to take a look at everything and there is Something to be said for institutions coming in and I want to stress this enough that there's always a story behind the story We talked about this yesterday this was from The trading volume uh from uh, it was actually from the institutional investors in q1 2022. This actually came from coinbase and This was their q1 2022 shareholder letter And 76 trading volume and coinbase came from institutional investors That's just what it is and uh, if you don't think they're here, they're here And then we talked about this again as far as bitcoin treasuries linked in the description Did you know that uh institutions own here's the number? 6.876 of the total Circulating supply of bitcoin 6.876 percent. That's a lot That's uh broken out between etfs countries public companies and private companies. So what's going on? Well, it's summed up by Frank Shaparro and he talks about as at the end of the quarter Roughly 25 of the 100 largest hedge funds in the world By reported assets under management Have chosen to on board with coinbase That's quite a bit. That's quite saying something right so frank asked the question So institutions are coming right? We'll hold your horses Because they're tiptoeing in and then don't just come in like as a big gush Maybe there's something going on behind the scenes. I can't tell you what it is because i'm not an insider Not even a financial advisor but Frank actually a little bit digging says I just got off the phone with coinbase's head of investment research or institutional research It's important to note that a lot of these hedge funds are just testing the waters in crypto A spring is coiling and they want to be positioned to capture the markets upside When the winter thoughts, I think that's a big thing to wrap our head around to make sure that we understand that I cannot keep giving or I don't really give that much hope you But i'm not going to sit here and go it's going to happen soon. It's going to happen soon It's going to happen tomorrow. It's going to happen nice weeks and happen a month It's a long game and that's why we dolly cost average and we talked about this before as far as the stockdale paradox and stockdale paradox jim stockdale He was a naval operator A pilot and he was shot down in vietnam war and he lived in the Hanoi Hilton for I don't want to say four to seven years. It was a long time He was tortured every day very awful time, but he made it through and He they talk about what made you get through he goes I didn't expect too much hope And he said well, isn't that what it is about hope? He goes the people didn't make it Where the people they're being tortured every day? And then they would say to themselves and the other prisoners around the camp They'd say don't worry by Christmas. We're out of here But don't worry by the end by the beginning of the year new year. We're out of here Don't worry by by easter. We're out of here and it crushed their spirits So you have to understand the the gravity of the situation right now some macro events aren't that great Some things that are going on in crypto. I mean heck. We just had an issue with gala being hacked And that just dropped a little bit and of course all the defi acts It's not perfect right now, but in the long run I think we're in the right place at the right time and then that leads me to Talk about again to reiterate about institutions. Goldman Sachs Launches a crypto explainer a trend tool for institutional clients again They're not getting into it heavy But they're getting ready just like frank talked about the coil coming up. So it's called Detonomy as a nice one the tool is a collaboration between Goldman Sachs bunch of services from MSCI and crypto intelligence firm coin metrics It classifies coins and tokens based on how they're used Amos provide a standardized ways for clients to analyze the broader crypto industry Including defi and smart contract platforms And then just to note in march the bank reached on a milestone where it offered its first bitcoin back loan during the likes of Crypto from the banks such as silvergate capital corp and others. So again We see that the institutions are kind of like well We like this but we can't go on heavy because it's about wealth preservation not making a bunch of money But again, when you take a look at where the biggest upside is Would you be looking at the nasdaq and the s&p 500? Especially with the rates that are going up or maybe just maybe you take a look at something that's going on the crypto market And say wow, it's just barely over a trillion market cap Do you know that the market cap for gold is 12 trillion dollars? And then for traditional equities is over 120 trillion dollars. We're just sitting at this to me It's kind of like a no-brainer, but I could be wrong. So let me know where I'm off of my thinking in the comment section. Let's move on to some positive Macro factors. I just came across this positive positive macro factors and building on the barracks, excuse me So we'd like to talk about the cpi and the inflation numbers and things like that But this is from the bureau of labor statistics I think I linked in the description if not, I'll make sure I do but this is the import price index for selected categories and you can see that This is for excuse me. Let me change this real quick Import price. Let's do all of them import and export price indexes See what's going up and down and we can see that I mean people talk about there's a problem with With imports and we can't there's a supply side issue We can't get things and if that was really the case I think things are catching up because as far as like in import and export price index We actually peaked over here at 13 percent Same thing happened happened over here in the recession of 2008 and it started to go down Same thing is coming up over here. So maybe we go down, but that's not If you take a look at export and imports is one thing but really what I care about Is the imports? How much do we have to pay for the things that are coming in? Well, actually that's gone down too And I thought it was interesting that some of the things that are going down Like industrial supplies and materials for us to build here in the united states We need those materials and if they were they topped out a 55 percent may 2021 December 21 35 percent almost 40 percent in march And now we're down to only a measly increase of 15.4 percent But overall again, we're on that trend going down So if you want to look at some macro looking pretty good as far as imports Hey, at least some of the imports that we got coming in are actually going down and also Talking about building in the bear market You know how We've talked about different cryptos and digital assets that are trying to get into africa They're trying to say that africa is the next big play. I never really I understood it But I didn't really understand it completely and there was an article that came out It's pretty interesting. This is from the guardian. I linked this one in the description. You can read it It's very long But it blew me away because I didn't know about the population and before I go on An increase in population does not equal prosperity but I'll give you in a second so I don't even know this by the end of the century africa will be home to 40 percent of the world's population 40 percent That is a boatload. Today, africa has uh 1.4 billion people By the end of the century the um projects at africa which had less than one tenth of the world's population 1950 Less than one tenth in 1950 Will be home to almost 4 billion people or 40 percent of humanity and it goes on and talks about all the different things That's great to read. It's fun. It's great, but we don't have that much time So I just want to get to this last part Whoops not this part here this part here The best thing that could happen at west africa will be if someone could convince these countries to seriously consider the experiences of asia This is from elaine bertah senior fellow at the morone institute at new york university He's a former world bank official who specialized in urbanization bertah'd advise china about developing and remember 1950s China was the same place wasn't a big economic powerhouse But then it became such a thing and the reason that it came infrastructure builds And of course it allowed a lot of the corporations to come into its country and have sheep labor Density itself does not create prosperity Again, you will have to have lots more transportation new rails new roads that link the coastal highways to small cities With a cheaper land is now she have to have infrastructure telecommunications being one of those things However, I started to think to myself well in africa Where's the play? Where is the economic prosperity? I didn't know this But they have a lot of natural resources africa Is home to some 30 of the world's mineral reserves didn't know Eight percent of the world's natural gas. All right 12 percent of the world's oil reserves Well, we're going to need that for a while 40 of the world's gold interesting And up to 90 of its chromium and platinum Largest reserves of cobalt diamonds platinum and uranium in the world are in africa 65 percent of the world's arable land and 10 percent of the world's Internal renewable freshwater sources so every time but just natural resources now. I understand why the lot of these Projects crypto products specifically are like we need to build over there because that's the next big thing I totally understand So also Of course, we're talking about cardano. If anybody can't read between the lines. I'll help you out Cardano is just one big play and cardano has got this really great project. It's called world mobile token You know, that's already up and operating right now If you want to talk about utility, it's working Total aeronauts 152 total network consumption 24 hours 1.08 terabytes unique user 24 hour 15 000 So if we're looking at connecting the unconnected Intelli communications and mobile connectivity. That's the place and before anybody starts to talk about yeah, but what about the the elan musk option Whatever that project is calling escapes my mind right now You know much how expensive that is To do you know how cheap it is to do this? And then here's how they work it. There's this thing called aerostats There's essentially blimps they go up in the air they transfer data and you can have it for miles So for me if i'm looking at what's the next big thing The elan musk one Talk me in the comments. I forgot the name Which costs hundreds of dollars per month Or something that's going to cause pennies in the dollar Which one would you say would be the next big thing in africa? Just asking the question so those parts Also I will be selfish here. I'm very biased I own gentsukishi, but again building the bear market gentsukishi just launched their actual online metaverse Or meta world gaming experience on november 30th So congratulations to those also The cryptiverse not to be confused with ben into the cryptiverse That's another type of play is a metaverse play. They also have a video that Essentially shows what they're building how they're doing things and it's pretty cool because you actually build things in there again I own these things so i'm super biased So don't say ah rob just he's not biased. Oh rob super biased and again links in the description for this one And uh, also one of the reasons why i like gentsukishi is because you know, it's already on the app store for apple google Nintendo switch and ps4 now. It's transferring over to pretty much web 3 and metaverse place So also links description for that uh deep dive video matt would take care Of the good news, but we have to be balanced a little bit. Let's be balanced. Let's not uh get high on hopium Ah This is what we got so the housing market and just stick with me on this one trust me. It'll be okay The housing markets take a little bit of tumble again It depends on where you're at if you're talking about miami housing markets awesome austin awesome But around the country, there's some cracks in the foundation. This is allie wolf Uh, she is a chief economist at zonda She's involved in monthly meetings with the white house to discuss real estate trends and she says hey just so you know Our data is now capturing a 70 cancellation rate in phoenix when she's talking about his new homes So people are saying yeah, I'd like to buy that and they'll put money down and they're getting out of it because the rates are So high which makes a lot of sense, right? and then uh, some other people are You know chiming in entire Low estate market is collapsing much faster than anyone can imagine consider demand rate of plus 140 in 2021 now It's negative 27 percent New data will update in a few hours take a guess which way the numbers will be and that's okay I think we knew that was coming. That's just how it is and then also I thought this was good news, but maybe it's not good news of course the unemployment numbers came out and Unfortunately the fed wants unemployment to go up. That's just what they want because when unemployment goes up It's kind of hard because you won't have as much money that will decrease the man Of course inflation will go down. That's the theory, right? Let's see if that works out and the unemployment rates came out And the unemployment rate raises the 3.7 percent. I never thought I'd be happy to see that and I'm like, well, that's good news. Yeah I mean, that's what the fed wants. Well, kind of but not really So the fed also looks at a couple different things. First of all non-farm payrolls The expected was 195,000. They got 261,000. There's been an increase in payroll. Okay Unemployment expected 3.6 and went to 3.7. That's what they wanted, right? Average hourly wages year-over-years up 4.7 percent and also this little thing right here u.s adds 261,000 jobs in october unemployment rate at 3.7 percent so This would lead to this fed is seen sticking to rate rise After jobs report and I was like what? Employment rates up. That's awesome. No It is but it isn't the federal reserve has seen taking its benchmark policy rate upward after a government report Friday showed us employers hired more workers than expected last month. Jesus Louise. We can't win It also signaled some signs of slack and labor market And of course unemployment rate is what it is. So they hired more people For the unemployment rate went up Go figure So that's the bummer news, right? But just remember this Uh, this is ben's website. I steal from it as much as I possibly can call it into the cryptoburst you can Find a link in the description. It's valuable data. I can't show you all the good stuff But i'm basing essentially a large portion of when I sell out Or take profits on ben's website But there's a great one that he's got here. It's called the unemployment level And we talked about this a couple days ago and what you'll notice is that as the unemployment rate goes up See these little gray lines That's uh recessions And as you notice every single recession is followed by unemployment rates going up Well, isn't that bad rob? No, I'm gonna tell you why Because as unemployment rates go up. I know it sucks. I've been unemployed. I've been out of a job I know what it feels like. It's awful But for the broader thing scheme of things when we start to see a high unemployment and it peaks out Guess what happens? Recession goes away The fat gets trimmed the zombie companies get axed And the people that actually are there and and then the the stronger companies sort of say hey, guess what we're doing good things We need more people unemployment rate goes down And then of course it's a cycle again just like bear and bull markets happened here Happened in the 90s Happened again in 2000 the dot com bubble went up and it happened Bigly in 2007 same thing happened a little bit different circumstances And of course we can see that unemployment went to wow 15 15 14 000 filers are crazy And I'll begin here. We are so That's thousands of persons. I guess the percentage will be a little bit different, but you get the gist of it And to really put this into perspective remember Recessions don't last forever about a year and a half or so happened in the 70s 74 79 81 1990 2001 2007 But you'll notice that around here you had 10 12 years of economic Expansion here. You've got what six years Here you've got 91. I mean you got eight nine years or so So you usually have more economic expansion than you do have a retraction as far as recession What does that mean for me and you? I don't know if this is going to work out But it's looking pretty good these four year cycles If we're not in a recession already, some people say it is or not We're definitely going one in 2023. I think we can all kind of agree there But that's happens in 2023 and 2024 recession. When do we get out of it? 2025 so What happened in the four year cycles for bitcoin while there's a halving in 2012 you get an all-time 913 You get a big dip Next year and a reset in 15 same thing happened in 2016 You get a halving and you get an all-time higher next year a dip and a reset Same thing happened in 2020 you had a halving in 2020. We had this monstrous to all-time high I'm just kidding. It wasn't that big 67,000 we're going to the dip then we'll hit a reset and during this time in 2022 or assuming 2023 and 2024 We'll probably just be flat and have a recession what happens in 2025 and 26 we rebound and maybe I'll take that Now does that mean that's exactly how it is going to happen? No, but it's odd and it's eerie how things happen and Every single time I think I know where the market's going to go It just kicks you right in the face and says That's not what I'm going to do and that's why a dollar cost average because I can't time everything perfectly And right now the more I dollar cost average The more I like the whole approach. I'm doing that now since 2018 I know when I talk about taking profits and people like where's the profits to take? I maxed out on 2021. I you know went all in I gotta tell you the reason why I take profits along the way is because I can't I'm able to when I'm buying bitcoin at 18 Thousand 19,000 the days that it hits 20 21,000 I'm able to take profits the same reason that goes for ethereum when I'm when I'm buying it a thousand 1200 And it goes up to 1700 the same thing with polygon when I'm buying it's below a dollar 48 cents 43 cents I can take profits and then you might notice That the background is a little bit different today and the reason for that is because Uh, the house that we have in guainabo, Puerto Rico. There's no electricity bummer, but this was what it is Well, thankfully the condo in condado We stayed over there. That's our rental property and we were able to stay over there and that had electricity Until this morning when it just crapped out. So no electricity Now we're in our other condo Crossed away So again, not to brag Not to say anything, but diversity really helps out and it helps to take profits My goals are not your goals. It's just what you want to do and that's it. So look That's it for today. If you like today's news, give it a thumbs up consider subscribing I don't need to talk about our time sensitive If you want to stick around we're going to do the q and a right now I'll answer all your burning questions the best of my abilities, but trust me My knowledge is limited And we'll go from there and also remind you that the dca show will happen in 20 minutes right after this So you can go there and wait. I'll try to find the link for you And I'll put in the in the chat and just come over there and let the real brainiacs james and ben Talk to you about the macro events and what they think's going to go on. So that's it. All right. Let's jump into a little q and a