 Welcome digital asset news to get top stories and crypto currency digital assets and break them down to bite sized pieces today a lot Of stuff to go over let's break right in so first up Wall Street veteran says many people will turn to Bitcoin after Labor Day This is a very interesting story because the gentleman who's gonna speak first of all has a wealth of information on The traditional stock market, but also it's because he was against Bitcoin and now it looks like he's converted So as time goes on it looks like this is gonna happen more and more also Warren Buffett We'll buy Bitcoin soon says Morgan creaks Jason Williams This is a piggybacked on another article which talks about how Warren Buffett is getting out of the stock market in some way shape or form and Getting his investments into gold also Crackers going to list polka dot this week and lastly we'll go over question a day Which is uphold and their 65 day asset hold policy so forget that let's take a look at what's going with the market So I got to tell you on the weekend usually we see dips, but not this one looks like it's doing pretty good I thought Bitcoin's gonna hit 12,000, but here we are sitting at just below 11 9 and it's down by point 3% But again Bitcoin has done a tremendous rally as a lot of other all coins have as well So Ethereum looking pretty sharp 431 XRP 29 cents watch out Tether the dollar chain link is at a solid 19 so pretty good and again I thought it actually would hit 20 but here at 19 still pretty happy about that Bitcoin cash 304 Cardano up point or down point seven Bitcoin SV still in the top 10 don't understand like coin I can see that 2.9% finance coin Tezos 3.9 4.2 Tron Congratulations to all you Tron holders. I used to hold Tron a while ago in 2017 2018 Got rid of it didn't really see the whole point But if you've been holding this whole time, hey tip of the hat Good job to you and then that's pretty much it's not too many huge historical moves AVE as far as DeFi going up to 10% so that's pretty good and Bat for some reason basic attention token Wow 14 and a half percent and OMG is right for OMG Network 56% nice little pump going on there So let's break into today's top story. So first up Wall Street veterans as many people turn to Bitcoin and he gives a Specific day after Labor Day. It's pretty amazing, but it's not just what he says here Really what he's saying is if they're gonna do that after Labor Day, which since September You need to start making your moves now. So what's going on here? So Wall Street veteran George Ball a former crypto skeptic explain Why he believes that many wealthy investors and traders will be looking at Bitcoin after Labor Day and look we just saw one of the Most famous wealthiest investors Warren Buffett say he's gonna get into gold Which he has never done before him and his party Chile monger never done that before and here they are So if they're talking about gold, what do you think's gonna happen with the rest of the stock market? We'll get that in a bit George Ball currently serves as chairman and CEO of Sanders Morris Harris Which is a privately owned duly registered broker dealer an RIA firm Establishing 87 he started his career as a stockbroker EF Hutton was president between look at this 1977 and 82 he left Hutton in July became a CEO of prudential box securities labor later renamed to prudential security So this guy has been around the block We'll just say moving down Keptiyama was the interviewer and he started the interview by asking ball Why he thinks that now is the time for people to take a look at their portfolios and potentially make some adjustments and he talks about the summer doldrums and how things are going but This is what was interesting. He says COVID will be with us through the first quarter of next year And then there will be a vaccine as if he just knows it like oh, it's gonna be you know The first quarter he states the markets waiting for a new spark and that sparks likely to come in into ignition as it often does Right after Labor Day, so the time to reposition the portfolio is before everything blows up, which is right now So if you are in this space You've seen Exponential growth over the last two three weeks. I gotta tell you this would have been the time to really and best Actually, it wasn't this time It was in March when everything went down the tubes That was a time to get in was before but I still see a Tremendous amount of growth or there's a lot of upswing coming this way anyhow. This is where it gets interesting Kadyama then asked ball what assets other than equities people should be looking at and ball said before I read it I just want you to hear it from the horse's mouth So this is what ball actually said in the interview well George what assets should investors get into say outside of equities? I've never said this before and I've always been a Blockchain crypto currents Bitcoin opponent But if you look right now the government can't stimulate the markets forever the liquidity flood will end As sooner or later the government's got to start paying for some of these stimulus for some of the deficits for Some of the well-deserved very smart subsidies that is providing to people are they gonna raise taxes that high or if not are they going to print money if they print money that debases the currency and probably even things like tips Treasury inflation protective securities can be corrupted so the very wealthy investor or the trader Probably turns to Bitcoin or something like it as a staple Wow, I never thought I'd hear you say that and we heard Jamie Diamond talk about Bitcoin before and yeah, that's that's it So I mean it's pretty interesting when he talks about it because there's some people who believe in the modern monetary theory Which are MMT where you can just you know have helicopter money and it doesn't really matter But it matters. I mean it's some way shape or form. It's gonna matter There is no free lunch and I think at some point taxes are gonna be raised. There is going to be I mean even they could still actually print more money But at some point you have to pay the piper and I think what these investors are looking at especially somebody like Warren Buffett is like Hey, I don't know what's gonna happen later on down on the road But there's only so much liquidity we can inject into the stock market before people like what the heck is going on Maybe that is a bubble and they look for safe haven assets and I think Bitcoin is one of those so I Gotta tell you in my opinion new savings account for this world is gold silver and Bitcoin But I could be wrong. Let me know what you think of the comment section But before we move on let me say this I had always said that I believe that Bitcoin would do our digital assets and cryptocurrencies in general do very well as Long are for an extended period of time They would reach new highs if the economy still stayed in a downturn if there was different problems with This pandemic if different things because people would rush to it But now with what ball was talking about here. I can see how it doesn't really matter now It doesn't matter because everything has been set in motion Months and really if you think about it even years ago all the different things that are going on right now are Economic policies that are going to in some way Fail and it's going to lead us into what Bitcoin can actually do Which is a which is not a any kind of soft money It is a hard asset it is deflationary and it can do a lot of different things that the economic policy here for not just the United States But globally I can't fix but again only time will tell let's move on next article Warren Buffett will buy Bitcoin says Morgan Creek Jason Williams And this wasn't so much about you know him buying, you know gold and going into Bitcoin But just Warren Buffett getting into gold is amazing to me So on Friday was reported on several major news outlets that American billionaire Warren Buffett's company Berkshire Hathaway bought This is weird 21 million shares of Berwick gold worth 563 million This is something investors like Buffett known as value investors have never done before According to Martin Creek partner Jason Williams Bitcoin is the next thing for Buffett to score and he will buy it soon And it was just like what ball was talking about investors are going to look into some kind of safe haven assets So if you got somebody like Buffett and he's going into gold the next obvious choice that he can do Is going to digital gold which will be Bitcoin is he gonna do it? I have no idea, but I can tell you it would only make sense to me Especially if he's every picks a look at it What has been the highest performing asset class in the last decade and has been Bitcoin and to a lesser extent a theorem as well So it'll be interesting to see anyhow moving on going report by Forbes the decision to buy the shares may have been inspired by a close and painstaking monitoring of gold's performance in the charts Which Buffett and his partner Charlie Munger may have found interesting I would believe they did and now he talks about Bitcoin maxi max Kaiser which he explained that the billionaires involvement with gold Will spill over as Bitcoin is considered to be many digital gold which is what I said global He states global 100 trillion fund management is is less than 1% invest in gold With Buffett's now moving into gold expecting global allocation of 5% AU minimum Implies $5,000 per gold expect a 1% Bitcoin global allocation. Remember that again expect a 1% Bitcoin global allocation, which is 1 trillion dollars. This implies 50,000 for Bitcoin Expect PTJ ups to 10% so I gotta tell you all those different gold bugs out there and they're talking Hey, congratulations. Gold's at an all-time high, but I gotta tell you I understand why they're they talk Negatively about Bitcoin is because Bitcoin is going to eat their lunch and just to take a look at how much wealth There is just in gold which is pretty interesting if you take a look at this one. I show a lot It's the money in markets It was just published on May 27th just more than three months ago And you can see that this little square is worth a hundred billion So here's silver at a paltry forty three billion dollars. Okay. Here's crypto at 244 Now it's another hundred billion so a little bit more military spending budget deficit coins banks feds balance sheet Which is way higher. I'm sure here's billionaires. Here's these guys good for them and here's gold So gold right now is looking at almost 11 trillion dollars So how much do you think if you just take 10% just 10% and you put it into Bitcoin? There's your trillion that's pretty much it in 1.1 trillion if you want to be You know math wise, but yeah, that's just that's first of all, that's just gold It's just gold now if you want to take a look at other types of places where you can get this type of money Here's a fortune 500 look at Microsoft Apple Amazon and Facebook and Google how much they have that's a lot of money Here's stock markets a 9 trillion global money supply which 7% is physical I might add 90% non physical and I don't really care about the rest of stuff The one that always gets me is this one right down here called derivatives because in derivatives At the low end it's 558 trillion and on the high side It could be what's called one quadrillion, which I even know that number even existed until I saw this this visualization So if we start to talk about, you know, how early we are my friends We are unbelievably super early if we're talking about cryptocurrency So if you think that it can't go up, I beg your differ and lastly to finish this up It states if he eventually buys Bitcoin, it will be a dream come true for the crypto space I may mark the beginning of a new era for the industry at large. I gotta tell you Warren Buffett's from Omaha. I'm from Omaha. My brother still lives there And I was back there about a month ago And he was telling me about his investment of Visa which he had done now for 10 for 10 years And he was he was talking to me about how he doubled his his Investment and I was like, uh, are you are you bragging or you complaining? I don't know what you're talking about He was yeah, yeah, you know, I doubled in a decade. I'm like Jesus Crimey Christmas. I go, that's just that's just happening like a month ago I go, you know, you really should take a look at this stuff. He's like, that's ridiculous There's no one who's gonna get in that. I'm telling you right now I'm telling you right now if Warren Buffett comes out and says in any way shape or form that he's doing anything with Cryptocurrency assets, you will see this market explode because you got people like my brother who follow that guy like he is some kind of God and Let me tell you once they figure it out of what's going on behind the scenes It'll be a powder cake. Just my opinion. What do you think of the comment section? Let's move on next up Polka dots coming to Kraken and that's gonna happen on August 18th So I got a little email which is always interesting and I say hey polka dots coming and this is a big thing And I'm like, but that's polka dot so I've heard a lot of people in the in the comment section say Hey, have you taken a look at polka dot? Look at polka dot. And it was the same thing with like Voyager People are like, have you taken a look at Voyager? Look at Voyager when I hear the same thing over and over again Like I can see I can hear somebody say hey He's looked at potato foot and a potato foot coin or tomato coin and I'm like, okay And I never hear about it again But this polka dot has been like that the thing that I keep hearing again and again and again So first of all I have to ask myself. Well, what the heck is polka dot? So there's two things that really stuck out of me one was scale and how it was able to scale So blockchains and isolations can only process a limited amount of traffic, which is true I was one of the problems with scaling up certain blockchain types of projects polka dot is a sharded sharded sharded Multi-chain network meaning you can process many transactions on several chains in parallel Eliminating the bottlenecks that occurred on all the other ones So this when they start talking about sharding. Well, that's competing directly with Ethereum and Cardano's Hydra So that's very interesting right out the bat next one. It talks about specialization when it comes to blockchain architecture One side doesn't fit all all blockchains make trade-offs to support different features one chain might optimize for identity management All another might optimize for file storage on polka dot each blockchain can have a novel design Optimized for a specific use case and this one is competing directly with IBM's permission blockchain Because they are going for those huge conglomerates those huge entities for those privatized Blockchains because they're going to specialize but now with polka dot they think they they can come in and go look We do the same thing and we have a better product So interesting to see what could happen now going even farther. Just so you know polka dot is now live great for that There's interoperability which we just talked about Blockchain innovation again create a custom blockchain and minutes It's pretty interesting and this this part was what got me forkless and future-proof polka dot can upgrade Without hard forks to integrate new features of bug or fixed bugs nights. I I thought about I go well There's been other ones same thing with like eos They had talked about the same thing but there was a problem however This one's pretty interesting because it talks about polka dot as a sophisticated governance system With where all stakeholders have a voice so they're going to be able to vote on where the direction of the chain actually goes So these are the little things that I know about polka dot. I am interested to see how it all works out As far as like the price itself on coin gecko right now You were looking this one is below the top 100. I believe amazingly. It is 300 almost three It was it's about 350. It's about 350 for one polka dot. Why well if you take a look at the circulating supply It has a maximum of only 10 million. So that's interesting. However, does that mean it's going to take off? Well, it has a very low supply. So we have supply and demand I believe this is going to have a huge demand when it goes live We will actually see I will tell you this though as far as getting able to actually purchase polka dot Good luck with that here are the exchanges that I see I haven't took a look at uniswap and it's not there So I'll be taking a look at this project later on to see how it all goes But I can just tell you as before it gets listed on Kraken I set the price to go up massively then when it gets listed to drop again Just like all cryptocurrencies do interesting project, but not in my plan. All right, let's move on next up for Q of the day This is a pretty good statement in question And it was posed me by RDNZL and it's all about uphold and 65 day asset holds So let's jump in the office. Okay. I welcome everybody it's back to the office And we're going to go over the question today, which is from RDNZL 7393. I don't have a name just have an email and It's a it's a comment and a question. I'll rule that one It says hey Rob this week you had a question from a viewer about Voyager policies And I thought you might be interested to know but a new policy for a CH a CH are automated Automated clearing house purchases. So when you connect your bank to an exchange, you can do what's called a CH You can transfer funds automatically Or you can do it via debit card or a credit card or a wire just depends on your particular Exchange and how it's actually being offered but for what she's talking about here is a CH for uphold So she says or he or she says for a CH purposes at uphold and perhaps update your explained exchange spreadsheet a CH purchases are now being held by uphold For 65 days before you are allowed to transfer them off their exchange and when I first read this I'm like I got to read that again because it makes that didn't sound right But three times four times like okay, I get it now. Let's see what's going on So they say the purchases are cleared for trading immediately with other assets on the platform But their market rates are from an alternate alternate dimension Apparently because they are nowhere near our actual market rates Okay, so the only way to get your assets prior to 65 days of uphold is to use a credit card or debit Which we just talked about I can't believe they made this policy change 10 days is the longest period I had experience so far Customer service is only replied with can responses quoting the policy which that's usually what we do now For everybody who has customer service for their businesses. It's just can responses which kind of sucks I get away from that try to do answers many questions. I possibly can myself, but it is what it is So then she here she says thanks for suggesting Voyager sign signed up. It's going great Okay, so first of all we have to verify everything right never assume things are what they say they are Do your own research right and do you do diligence? So I took a look at uphold Let's take a look at the actual The FAQ section and I found this it says how fast my trade funds deposited from my US bank account Starting August 13th. You can trade a CH deposits instantly on uphold, which means you can buy Bitcoin XRP Without the four to seven day cooldown period for people who want to get into fast moving cryptos quickly the change is a massively forward So great. I believe that you can withdraw an a CH deposit to your originating bank account after three business days Once the funds have settled. However, and this is a big one You can withdraw a CH funds to external networks such as crypto wallets or sent to other users on the platform after 65 days and is exactly right from The actual website from uphold so what I did is I mean the Statement is the statement the question was can you update your exchange list? And of course so in the description of my videos There is a link it's gonna look like this and this link is gonna send you to a Google spreadsheet Which has all the information that I've collected for all the different exchanges and wallets that I have used and currently using and will not use I go over everything as far as like the interest rates the fees how it all works if I recommended I'm not I talk about my one-two punch Voyager and Celsius. I know some people I mean a lot of people love Voyager and some people hate it. They say odds. It's this and that But you know, I guess it just comes down to your your personal experience I have a nothing but a good experience and then now that I hear about uphold I'm like, well, that's kind of a bummer. So 65 days is quite a long time So I put that response in there and I also put a link to that particular page so people can find it and When they have questions, it'll just write there for them. So that is the question of day. I'm glad Someone actually is updating me on these things because I cannot imagine 65 days seems like a tremendous amount of time. All right. So that's it for today Let's jump back. All right, and that's it So thanks a lot for sticking with me on a Sunday. Just want to say thanks to everybody who has joined up I have a join now button underneath. It doesn't really get you anything, especially don't getting, you know, fantastic It's like a tip. It's a dollar 99 and these people sign up just as a way of showing thanks So I say great. I'll do random shout-outs. So I want to give random shout-outs to the new ones Jesse Kirkland, Lincoln Six Echo, William Howell, who's been around for a long time actually. Carlos Gomez, Droplet Who else we got? Patrick Neal, Noel Flippin Vegas been around, Jimmy G, Joe Griffin, Mary Yallah, Yallah Timothy Dillon and D Ropeke. So thanks to everybody. Really appreciate it. If you like those types of videos There's me too. It's gonna pop up on your left and right. I don't know what they are because YouTube has control over that Also, they have control over all the ads you see So if it was a scam in the beginning a scam ad or a scam ad in the middle or a scam ad after Let YouTube know. They'd love to hear from you. And that's it for today. So thanks a lot. Appreciate it.