 Welcome to the last set of news. Take a topster rose in crypto and bring it on a bite-sized pieces today Just the thumbnails suggest these the days when all the money is made in crypto and more to the point really investing So we're gonna talk about the days like today We're gonna take a look at a little bit of history as far as like the crypto on the internet We're gonna talk about 300 trillion market cap We're gonna talk about exit taxes and finally we're gonna talk about a cryptocurrency called wax That's a crypto stash had brought up to me. There's a great story about where they're going So we'll go over all those things at first take a look at what's going on the market. So today. It's Monday and It's Monday and nothing really going on. It's very Very boring. We'll just say that mark house around 2.8 2 trillion 2.9 small around there fluctuating We've gone below the 3 trillion market cap But what are you gonna do Bitcoin price is still at 64 to pretty happy about that sentiment is neutral Average lia sentiment is neutral. There's nobody really that's up massively except for if you take a look here You see wax As far as hottest on Twitter and also the top price gainers Number five is wax and I'm gonna talk about why that is but besides that it's super boring today It's just it just does not a lot going on Of course people will say well in this product this big things going on that thing But in all reality as far as like price action, it's pretty boring and as far as investors go This is when a lot of people lose focus because it is like meh whatever and I think that's a big mistake And I'll explain why but also you have to also take a look at What's going on as far as on-chain analysis and also take a look at what's going on in the market in general So if we take a look here, this is from by bit or by BT Which is now called coin glass comm just so you know I'll link us in the description But you got there your Bitcoin long to short ratios and over the last 24 hours It's pretty much dead heat between who's taking up the longs and who's taking out the shorts but just so you know that is Things start to really heat up in the Bitcoin market Bitcoin crypto market people are gonna start to take a lot of long positions because like it's gonna go forever and That looks very attractive to people who want to short it So the the higher that you see these longs come about just know that the chances of shorting it is very enticing people want to make a quick You know billion or whatever they're gonna do also if we don't take a look back and say What's been last last four hours? Shorts a little bit more last 30 minutes So on and so forth man bit mechs people are going long like crazy 62.4% what the heck what else we got dairy bit 58% are going long again Just be careful with those longs and shorts also if we take a look at like on-chain analysis And I just had a key young Jew who's the CEO of crypto Kwan on a couple of days ago, and we did a in-depth Training session on on-chain analysis, which will be released either today or tomorrow. It's fascinating The guy's a genius, but here's my favorite charts Miners outflow so just so you know if we're taking a look at price action if miners start to like buy or sell a bunch Usually you see a big dip, right? But lately they haven't really sold anything because they're expecting what we're all expecting pretty big price action Just hasn't really happened right now as far as Bitcoin exchange reserves Bitcoin continues to fall off of the Exchanges meaning that people are taking it off the reserves. They're holding it. They're not going to sell it That's a good sign But not as big as a sign as if you take a look at Ethereum look at Ethereum the exchange reserve over the last year Look at how much it has fallen just people taking things off either to to buy Metaverse plays to mint NFTs to get into DeFi to even stake Ethereum I mean and then also the fact that because the London hardfork they're burning more Ethereum than they're actually minting which means It's actually a deflationary crypto truly. So if there am is gonna. I yeah, I think I was wrong in my assessment of theorem I mean, I thought 10,000 could go higher than that. I'm not gonna say how much because it would sound ridiculous But probably higher than 10,000 this bull run. Also, I'll exchange taker buy volume. All this means is And key had to explain this to me all this really means is that as as things start to dip you see a bunch of whales come in It's hard to push the price up like right here Whoops, let me put that it they push the price up that little purple thing there and they say no We don't we don't want it to fall pushes it up push it up and over here See where kind of comes down a little bit it pushed it up again So again, there's a lot of money sloshing around and people really want Bitcoin essentially to be big and then also this is another great one to look at all exchanges estimated leverage ratio once you get to around to it gets kind of dangerous because that means that people are leveraging like crazy and It's called over leveraging we can see right here once gets around to it's pretty dicey And that just happened on the 7th of November 0.19 0.8 today 0.193 It's not all-time highs, but pretty darn high for us to expect some volatility Although hasn't what happened yet and this one market value to realize value. I'll like he explained that one in our video So that's what's going on as far as on-chain analysis and that just kind of leads me to Where this whole video goes to which is days like today days like they are boring and they look like this and nobody really cares He's like, I don't there's no really action going on So I don't really do anything But this is when you want to do everything because these are the things when when things are moving sideways So this is not financial advice financial opinion, but for me when I look at these days I'm like, you know what this is the day to actually put some in I mean, it's even great to do it with during the dips But when you're moving sideways, there's really not too much that you kind of really think about and go Well, maybe this could go this way or that way. Hey, it's moving sideways So it's not gonna take like like huge huge off the table. You can always wait for dips But to me, this is when I made pretty much all my gains in 2018 and 2019 when everything just bottomed out and was moving sideways It gave me a lot of time just to accumulate and these the times that I think investors when they look at it They should really be excited. So when I take a look at this Again, a lot of people will be like I don't this is I'm not gonna do anything because it's not going Parabolic and it's not really going up. So for for some of you who've watched the channel, you know, that's this these the days I always talk about use the days to get excited about and for you that are new it's just a refresher that yeah Things are moving sideways and it is boring and you probably don't want to do anything because you're like who cares It's not really going parabolic right now. So I'll get in later. That's the wrong time See the investors know he's the smart money Somewhat smart money says, you know what when things moving sideways This is when I really want to get in which leads me to my next point because as things are moving sideways You have to understand that there's a lot of great things going on if we can do like a little comparison This was a great chart from crypto comm and it took a look at the acceleration between Internet users and crypto users as far as adoption and you can see right here in the green is the internet users That's in millions and then the blue is the crypto users and see how it matches up perfectly With the trajectory of where things are going. So imagine this right now I mean, we're under a billion people using cryptocurrency the world economy is like our world economy The global population is around 7.7 billion. I think somewhere around there Correct me in the comments But once we start to get that critical mass of around a billion people I mean, that's a lot of people in the crypto and digital asset to really accept it That's what we call mass adoption my friends and we're kind of going that trajectory We're looking at like two two and a half years out because I mean it's kind of parallel with exactly what's going on So the thing that I always think about here is If that's happening like even though we're below three trillion right now look four short years ago One trillion mark cap was ridiculous to even think about and now here we are at three trillion So is it unlikely to think about in the next two three four years? We could be at a I don't know 50 30 trillion 50 trillion 100 trillion I mean why not because everything's gonna be tokenized and and we know that a lot of institutions are here You know that banks are actually getting in we know that they're actually sovereign nations getting in heck We even know that there's a thing called city coins places like Miami and Austin in New York City Are putting things on the blockchain as far as being able to gain yield from Bitcoin smart contracts stacks and taproot and things like that so This is out of the side the realm of possibility that the things that we're talking about right now can truly explode the stratosphere I mean if we think if we like to look at something like this makes a lot of sense and that Also leads me to another point, which is Raul Powell Raul Powell thinks Raul Powell if you don't know He was Goldman Sachs guy. He's been all over the internet's real vision and he talks about this is an old one This is in March 7th, and he says look he goes right now We're at 1.7 trillion. I was in March remind you we've doubled. We were almost double around three trillion He says this it's not gonna be like this today. He goes you can fight it. You can do whatever else, but he says this is a multi 100 trillion dollar ecosystem Eventually for what he was really saying in the last interview that he gave he says look within the next 10 years It's gonna be 300 Trillion dollars 300 trillion dollars. I know you think yourself. That's ridiculous. How could that possibly happen? Well, let me take a look at this. I know people always groan when I pull this up because like we've seen this before But for you who are new it's and it's great to see it's also a great refresher these little dots these little squares That's a hundred billion. So silver is even one. It's that 43 billion and this was in 2020. So just so you know Cryptocurrency was only at 244 billion 244 billion this was May 27 2020 go figure here's military spending coins and bank notes feds balance sheet There's billionaires. Look at that totally dwarfed the whole market cap of crypto Here's gold that are almost 11 trillion dollars. I understand that I own gold and silver So don't hate me in gold books fortune 500 companies killing it stock market is at a hundred trillion now It was at 90 trillion back then. Here's the money supply. I know that went up. Here's global debt at 253 trillion. Here's global real estate at almost 300 trillion. Here's global wealth at 360 trillion here's derivatives and you can take a look at all these things as far as like you were starting at 11.6 trillion, but really it's maybe 550 trillion you're talking about futures options warrants swaps and then that's just the things we know about but it really could be up to One quadrillion dollars. So when I talk about these things and we're and we're seeing here like 300 trillion That's ridiculous. Is it is it really which leads me to my next points, which is this Exit taxes and all the awful things you got to think about. So this was my original Exit strategy and it's it's changed a little bit because I'm not really going to be selling a lot of crypto I'm going to be making loans against it through Celsius Celsius is great platform. I've used it in the past I've used it for one of our condos here in Puerto Rico for short-term rentals worked out great a lot better than the banks and So you just so you know like I think well, okay, I'll put 5% in cash Makes sense 25% in USDC. Why USDC? It's because of the same thing that you got somebody like mr. Wonderful Kevin O'Leary talked about today. He goes look he goes. I'm staking USDC in this video. He talks about it It's like four or no, I think say like between four and five point something percent. I'm like play Tom I'm on Voyager. It's like almost 11% and Celsius. I think it's even higher than that So I don't know where he's going probably block fire with this boy Pompliano Anyhow, so that is what I'm gonna do 25% just stick in USDC stablecoins 5% is masher works because it is a it is an asymmetrical or it is It is not it's an uncorrelated asset to everything else because guess what rich people like to do They don't care how the economy is really doing so much per se But they want those paintings and you can get fractionalized share of master works and just kind of protects me 15% of land 20% in houses 10% my Amazon business 15% and staking more as far as the cryptos and then the next one is I trust IRA and why? Because I'm not gonna pay any taxes on that one. So When we talk about that the thing that people ask me is well, why do I trust? Well, it's because like this The way that Peter teal Made five billion dollars was through a Roth IRA. Let me say that again The way that Peter teal made five billion dollars and even put on the and only put in $2,000 in 1999 was through a Roth IRA Roth IRAs Whatever they accumulate to you pay this much in taxes zero book is nothing It's pre-tax or post-tax, excuse me So this is how it happened his account jumped more than three billion in just three years Even though he didn't contribute money to his Roth effort 99. How do you do it? Well, he's a PayPal founder. He put shares of a ton of shares in it PayPal, which was point in zero zero one stuck them all in the Roth IRA and they accumulated to five billion dollars and He doesn't pay a red cent because it was just all accumulation. He's like, hey, that's that's the rules, baby That's just how I play the same thing goes for crypto So when we talk about three hundred trillion five hundred trillion, whatever else Potentially think of that this way. Do you really want to pay? 20% 25% or whatever else it is to wherever you're at especially in America probably not something that you want to do so But I want it just as a refresher I trust and masterworks. I trust I'm Talking about them today because there's a big announcement, which is this There is a link in the description looks just like this and when you click on that link and you sign up for I trust you get a hundred dollars in Bitcoin. Oh and also guess what the twenty nine ninety nine $29.99 cent fee per month and is now zero There are no monthly fees for your I trust IRA And you do pay 1% trade fee that better than not coin base and then of course you want to get gold or silver And they have a slew of different cryptos that you can get into as far as I trust so again links in the description I even did a video which is a walkthrough of like how it all works Why you want a Roth IRA between a sep and a traditional link that in the description as well Looks just like this and on top of that if you want to learn more about masterworks There's also link in the description But I did a video on that one which talked about why I am personally involved in putting 5% of my portfolio Into these multi-million dollar pieces of art guess what I know nothing about art masterworks does and I let them do the hard Work because I'm an idiot and then again if you use the link you can skip the wait list So that is essentially what is going on and then exit and taxes. It's up to you. This is not investments Advice is investment opinion. That's what's going on and that's it for that section now Let's go into some I think pretty interesting stuff, which is wax and there was an article today It says top companies Hasbro Funko and Mattel turned to wax as a trusted partner I would have skipped over this quite honestly a week ago But if it wasn't for this video that I did with crypto stash or he talked about Specifically wax and how much NFTs are being minted on it. It's almost it's the second largest Blockchain right behind Ethereum and how undervalued it is. I would have just blown over it But just so you knew wax signed a great deal They were already a trusted partner with Intellectual properties like saw the Princess Bride Blade Runner already had multiple massive Successful NFTs drops for tops and this week's upcoming launch of the Mattel Hot Wheels NFTs garage line complete the trifecta and then That's pretty much the whole thing the rest of it gets kind of boring so this is essentially what's going on as far as like with wax and Just so you know It's one of the ones that's gone up like 25% in a day because I think there's some pretty big things happening Such as this and that is all for today. So look a lot of information going on I know it's not a very sexy day, but it is what it is So look if you if you made all the way in first, thanks for sticking with me I appreciate it. If you like today's video give it a thumbs up I'll consider subscribing a lot of things we talked about our time sensitive and that's it So thanks so much. I appreciate it. I'll see you on the next one