 Great welcome Israel asset news take a top stories and crypto and break it down into bite-sized pieces So today just as the thumbnail on the title suggests Canada Oh Canada is on the rampage and at first it was all about the exchanges and now it's bleeding into wallets So we're gonna take a look at What they're doing with wallets and the bro I mean, that's not really the big question big question You know not why they're doing it We know why they're doing it the big question is what are you gonna do about it? Then also we'll take a look get a little what I call clown news Which is biggest offender of illicit activity is not crypto. It's a bank specifically Swiss bank It was actually a leaked story from the New York Times Which just gives us a insider's look as just how deep it goes and then lastly we'll take a look at another US fail story as Europe really gets into the ETP or the ETF market and then lastly we'll go over the Q&A Which is at the very end so hold your question the end that would help out tremendously So first of all before we get in all that let's take a look at the market and how it all is and also if you're here for the live Shum, welcome. Thanks for stopping by appreciate it Just so you know if you're watching the replay, there'll be time stands below Yesterday I didn't get them out as fast as I was supposed to had a lot of things going on but I'll definitely have them there today and Then that takes news takes about 15 minutes and then Q&A's like five and then that's it So we try to be we try to go quickly and concise but not rushed So that's what's going on. Let's take a look at the market itself. Not a great day Not a great day another one of those days where it's like Yeah, you know it is what it is, but I mean look there's a lot of turmoil going on It's amazing how a potential war Will screw up the entire markets that is sarcasm But it is amazing though that there are so many people who are like well I'm just taking my money out because I don't know what it is really you're taking your money out of The I mean anything traditional markets. Okay, I got that but you're taking your money out of crypto specifically Bitcoin That's the hedge against everything else So if you want to sit on cash for a while and let it decrease 20% as there's huge inflation I mean go right ahead me personally again I'm getting as I get older not too much phases me as much that used to I then didn't live through a world war but the Middle East war Iraq Afghanistan every other difference a war that we even hear about I've just kind of been like well if it's here today it won't last as time goes on and I just feel like well You know this blip that's happening you can look at it two ways the most awful thing that could ever happen for the market Or you look at it as an opportunity There's always two ways to look at things and that's really where it gets up to you and that's not investment advice That's just investment opinion. That's the best opinion. I can give to you But to take a look at the prices day. They suck. It is awful. Let's just be honest. I mean Bitcoin is Down over a week is down 12%. I know people will say well Rob Why do you care so much about that because it wasn't just like a month ago the 32,000? Yes, it was but it's also at 68,000 and I would like to see it keep going up that way So I know people will say well who cares because you know We shouldn't really be freaking out because it's 37,000 and it's true We really shouldn't be freaking out, but it is kind of a slog You have to admit to see red every single day. You're like, can we just get a couple of green days? That'd be nice. I don't ask for much just a couple just take a little bit of profit. That's all I'm asking for Ethereum 2600. I mean, let's just take a look at what's up. How about that Tara? Hey for all you Tara Investors good for you. It's a 5.4 percent. That means down 3% for the week. But hey, that's not so bad 0.8% for FTX. Oh FTX token or FTX the exchange just launched their own gaming division. So I Put a tweet out about that. I'm like, well if FTX is putting so much time energy and funds Into gaming. Why do you think that is? Why do you think Sam Bakeman freed? Multi-billionaire with his multi-billion dollar company is investing so much in the gaming It's because I know it's gonna be big just like the new crypto will be big just like everything else So just be aware look what smart money does sometimes they're actually right and then Hedera hashgraph Let's see anything else. No, so that's what's going on in the market. It's not a great day A little bit tumultuous, but it's up to you about what you want to do with it Is it this the worst day of all time or are the opportunities? That's up to you So let's get into the story. I thought this was interesting At first when you see something like this, you're like, man, that sucks But then if you really dig into you like what you know, what can you do about it? Not you but what can they that's really that the question I should ask what can they do about it? So Canada's OSC wants crypto exchanges not to promote Self-custodial wallets before I get into this article. I just want to say this channel isn't political If you're gonna do a protest do a protest. I mean, whatever you want to do This channel is just about crypto and digital assets. So the protesters over there in Canada That's for another channel and everything else to talk about what I am concerned with is the Government stepping in and saying look, we're gonna freeze everything and we don't want this to happen And also we're gonna freeze the exchanges and now we're gonna try to freeze the wallets You're not gonna do that. But here's the story. So Take a look right here so tweets from the CEOs of Coinbase and Kraken Jesse Powell Brian Armstrong the advocated self custody of digital assets are being looked at by the Royal Canadian Mounted Police For violating the sanctions put in place to curb the trucker protests in the country Canadian Securities Regulator on Torio. I always say this wrong Ontario Ontario Ontario Securities Commission OSC sent the tweets to the police as I believe that the crypto Executives were offering advice on how to evade the sanctions on funds what a bunch of Karen's So the Ontario Provincial Police and Royal Canadian Mounted Police Ordered all regulated financial institutions including crypto exchanges to cease trading And freeze the assets of designated persons involved in the trucker protests As well as 34 associated crypto wallets now again You can't freeze a self custodial wall. That's the whole point You can freeze an exchange wallet. You can do that. That's no problem But if you have the private keys, they're yours That's the first time in history where you really have something that really belongs to you Pretty uncomfuscatable unless they can beat those 12 none those 12 words out of your head, but uh Who knows dystopian future upon us? Uh, but but so Shortly after deputy prime minister Christia Freeland announced the measure both Powell and Armstrong tweeted in support of self custody wallets And then of course they came back and said you can't do that Because we don't want people to evade anything. So But again, what are they gonna do? They're gonna send this to The mounted police and then we're like, okay, so there it is So when you see this story, you have to understand a little bit of that just a little bit of tech behind it So if it's a wallet that's hosting on exchange It's really not a really wallet. Okay They can shut that down. Okay centralized exchanges. They can do what they want to even Jesse Powell CEO Krakens like look if they come to us and tell us to shut it down We have to comply and we will comply and that's why you should take it off the exchanges Which I give a crazy respect to suggest you to say to say that the CEO of a company Is saying get out of my company because I want to protect you. That's amazing to me Oh, that's how it really should be done in all honesty And uh, that's it. So then the wallet itself you can't you know, if you self-custer your wallet Unless they come to your house And or like do you have the wallet? I don't know how they even I mean they could they could find the the the hash address and and and take a look at an ether scan or Or the the the blockchain scans that are on for for bitcoin But what are they gonna do how they're gonna take it down? I just don't understand what they're trying to do here except just to scare people and go Oh, the government can do that. Well, they can't do that. That's just how it is And I think it's really gonna like well, why do they do this? Why are they so concerned about this? Well, it leads me to my next point. I'm just gonna slip this in here real quick. This was a quick article Mexico's third richest billionaire says by bitcoin This right here is Ricardo Salinas third richest man in uh, Mexico. Good for him And if you don't know his story, he's one of the first guys who went into the uh grayscale trust That's uh purchased it. I think this is like in 2000. I want to say 2011 or 12 and uh, he He's like, yeah, don't think of me as a Genius investor He was the only reason I didn't sell it because they wouldn't let me because they lock you in for so much time He goes but then after so much time he goes they they did he goes and I sold you I shouldn't have but I made so much money. I had to and uh now he's you know, he pretty much gets it So salinas is the founder and chairman of a group of salinas group of companies that with interest and telecommunications media Financial services and retail stores and he states you have to buy bitcoin Keep buying when the price is low then just hold your bitcoin and forget about selling trust me and I thank you later But why what does it all come down to it comes down to this? Which is from the last story governments don't like bitcoin It burns them that people can get out of their fiat trap because that is what fiat money is Which is a fraud And yet further goes on to state bitcoin is an asset that is extraordinary properties all the advantages that bitcoin has for me make it gold for the modern world now remember They could they confiscated gold 1933 confiscated gold And uh, they just let that happen Because it's a physical means taken Physical gold and off it goes. I'm sure not everybody actually gave it up at that time I'm sure some people hit it But it was illegal for you to hold for you to hold gold. You had to bring it back in the thing is with uh crypto digital assets Even the fed chairman drone powell has even said we have no we have no sentiment we have no Not way we have no desires To ban crypto digital assets because I know they can't I mean heck even the uh The ministry the finance minister of russia came out and said we can't ban it We'd be like bang the internet we can't do that So again, I think this is just this to me is a big nothing burglar But the problem is that people will see this and be like, oh, no government's coming. They can do everything They can't I want you to think about that in the comment section. Let's move on Now this one this one's really good this Clown news and I like these stories I like I really like these stories because it shows you just what kind of lies have been told Throughout history and for the longest time for decades. This is a great one. So I blew this up so you can see it credit swiss data leak Reveals decades of shady clients And said activity. So what's going on here? League data shows that until recently swiss bank credit swiss held accounts valued at more than a hundred billion dollars For sanction individuals and heads of state Reportedly accused of money laundering. So before we go on we talked about this a couple days ago and there was a couple reports that we looked at And for as far as illicit activities for us bitcoin, it was like 0.5 percent roughly around 40 Some million dollars that was that they could track it to illicit activity. So here we are 100 billion dollars That's quite a thing the new york times reported on this sunday that the data leak included more than 18,000 bank accounts the data goes back to accounts that were open from the 1940s until the 2010s But not current operations. How much do you think is actually out there right now? That this bank is holding on to for all this illicit activity for all their clients that they just looked the other way It's amazing to me and before I go on. Let me just remind you something I don't know how it works in different other parts of the world But remember that your politicians, especially in america I mean, they got to get reelected how they get reelected. Well, they need a big treasure chest of money Where they get that money from well from donors and who are those donors? Well, usually it's big companies pharmaceutical tech tech is true And the banking sector so not all of them do that But remember if you're taking a boatload of money from the banks No, like hey, we want you to talk about this because we think that there's a bunch of illicit activity for crypto That's why when I see some of these These congressmen and women and they're coming out and they're being a drum by list activity This is awful. We got to get rid of crypto. I'm like one of two things either. They're ignorant Because they don't understand how the blockchain works or two They're Getting puppeted by other people like say this because we don't want this. That's just my opinion Let me know what you think about that, but that's just how I that's how I see it now to finish this up credit swiss other account holders Included sons of a pakistani intelligence chief Who helped funnel billions of dollars from the u.s and other countries to the mujahideen in afghanistan in the 1980s? and there's a bunch of different Examples that I didn't want to go over because it got kind of long But you can read that All the different people out there that we're involved in this that still have an account there at swiss bank I linked in the description And it's always under for the stories of the day. So go ahead and check that out and just as a reminder As far as illicit activity, there was this great Report put together by michael moral. I talked about this a couple days ago on april 6 2021 michael Let me just go down here. So People like who is that michael senior counselor Beacon global strategies forming actor director deputy director and director of intelligence at the cia So it's not just some guy who's like well, I was a janitor and now I wrote a report So, I mean he pretty much gets it and he says it like this Based on our research and discussions with industry experts that I have confidence in two conclusions The broad generalization by the use of bitcoin illicit finance are significantly overstated And the blockchain ledger on which bitcoin transactions are recorded is an underutilized Forensic tool that can be used more widely by law enforcement and the intelligence community Why would credit swiss or any bank? Want to move over to blockchain technology? There goes their whole business. That's just my opinion I want you to think about that in the comment section. I'm not going to beat a dead horse and that was clown news Let's uh finish up with a little uh fail story Of the us yet again us bitcoin etf and limbo crypto exchange traded products all the rage in europe It's a pretty good one and I understand I just I understand by donors. I don't understand what we can't approve a spot etf when everybody else in the entire world can do it While us investors wait for a fizzle get back to etf exchange traded products or etps Are dominating in europe the security and convenience of crypto exposures via a regulated product is attractive to retail investors often a necessity for institutional players so the question is Why? And it comes out of this. This is towns and lands and head of product at coin shares There's a lot of investors who don't want to open up wallets on exchanges. Otherwise deal directly with crypto They much prefer to simply use traditional access rails Of their brokerage accounts and the question to like what iota as myself is like are you just that you just don't want to do it You don't want to go to exchange just open up. It's very simple. I can do it Well, I can do it You know rob here can do it with his you know very limited amount of money But you're talking about millions hundreds of millions of dollars I mean, you don't want to fall victim to that you want to go into an exchange because look This is what they know They're like i've got a lot of money And I don't want to get hacked. I know that these crypto these these centralized exchanges First of all there are problems second of all they can be hacked and look at all these hacks that have happened over time And now we know the big one mount gox and coin check But I mean there's a ton of other ones and this just goes to 2018 So I understand I get the reasoning of why they're like, no, we don't want to do it But there is a question I have and I'll get at that as the very last So fidelity international became the latest issuer to offer a european etp over this month with the launch of its fidelity physical bitcoin etb on germany-deutsch bors extra now Largest etp issue in the world the setup may be a boon for institutions with stringent compliance rules around crypto We just saw and this is again lansing talks about this Institutions have all their access rails well established. So all their access is there They have their risk committees lawyers compliance esg understand how security markets work I think the uptake for the institutional investors all the way from private banks to multi asset mutual funds The speed that uptake is going to be helped a lot by their familiarity with the exposure is wrapped sure And it's often against the rule. This is interesting It's often against the rules in europe to have an etf on a single asset. So you can't just have a bitcoin etf It's very rare apparently This is from haney rashwan CEO of 21 shares in europe their classified as either exchange traded commodities Or etp exchange trader products and all of the 21 shares etp And europe are physically backed Allowing for their products to more closely track the price. So here's my question if there's so many different Uh etps not you know etfs etps that are available Then why isn't there more money flowing into them that way? Like if you take a look at the at the global distribution of wealth, yeah, there's a lot of money in north america That's true, but there's a ton of money over in the eu so are these Entities are these institutions Buying otc, but don't they have to disclose that they are actually buying these things and they're I mean, that's what the sgc does in the united states if you buy something as far as These liabilities or whatever you have to report on it. That's what tesla to do That's what's i mean micro shares or micro shaggy to do So the question isn't like well, there's so much money in the world sloshing around and the e u has so many etps Is it just that it's just not that attractive Or where and when is the money coming from and then I think to myself Institutions move pretty damn slow. I mean they really do so in the background. Maybe this is the year Maybe this is here that everybody starts to buy up crypto and digital assets, but I will tell you this With this ukraine issue looming everybody's head. I don't see A lot of money sloshing around. I see people still scared and I see that this is going to be a problem for quite some time All right, so that's it. That's it for today and that concludes the news itself It went 19 minutes. I try to be more concise. Sorry about that So this is the conclusion of the news part if you got to take off. I understand get out of here Go do your thing If you like the video give it a thumbs up if you want if you're still here You might as well subscribe then lastly if you're giving me a thumbs down explain to me why and I'll try to fix it And that's it now we'll do in the q and a and we'll do five questions in five minutes And that's it for that part. So oh and then lastly Puerto Rico meet-up Every two weeks we do a little meet-up and we're going to go back this time to the smokehouse This will be from we'll do it from five to seven because people get off work Five to seven smokeouts will probably stay later But uh great food great drinks and great people usually when we get together It's always good because I get great ideas about crypto and people teach me some things So I love these these parts. So if you're in Puerto Rico this time stop by the smokehouse I'll be tweeting about it. I'll talk about it tomorrow It'll be on wednesday And that's it. So let's get into your questions shall we right now Good question if I can get it Let's see I think there we are perfect. Let me get out of here. Hold on Ah, here we are So visionary vets as I think the markets will be down for a couple months. What's your thoughts? I agree I don't see any kind of major rallies. We're in a bear market. Let's be honest and uh, we keep slipping I think I'm not for sure go watch bent over into the cryptiverse. He'll tell you all about the ta stuff You want to know I think we put in some lower lows And even some lower highs So I don't see things turning around anytime anytime soon, but for me, it's the same thing It's every day voyager executes For well now five five difference buys bitcoin ethereum chainlink Algorant and because cardano is so cheap. I had to pick up cardano again. It's just So cheap and that's uh, that's what's going on. So to me. I'm just like, well, you know more opportunity, but I will tell you As the price goes up Uh, I will be selling I will dollar cost in and dollar cost average out. I'm not a diamond hand kind of person I mean, I'll always have crypto. I'm not gonna hold on to it until it bitcoin goes to 10 million I don't want to be I don't need to be the richest guy in the graveyard All right And if I miss your soup your super chats, please let me know and if someone puts in a super chat Please let me know so say this this interface is pretty pretty rough okay Blake Number two great videos always on the note cold sword suggestion My concerns is if the hardware wallet will malfunction the future Typical electronic issue and any piece of mind out of that. Here's a great point. So I use a ledger I should probably use a tracer, but I I've always used a ledger I know I know so when I came out here to Puerto Rico I left that ledger in alpaca And as you know, I had to sell some crypto and it was all most of the ledger But the good news was is that I had my mnemonic phrase with me So all they did was I just ordered another ledger ledger came to my house open it up I put in the mnemonic phrases and it was all there, you know Six seven figures, right? Just like that. It's crazy to think about but that's exactly what happened So if you're worried about the electronics issue, yeah, everything breaks down. That's true I mean, even if you drop into water, don't worry Just make sure just make sure that that mnemonic phrase that you have is secure somewhere and you'll be fine All right, stop Neil Young too Oh, well, this is interesting Latin American crypto my man I uh, sorry for the last you were one of the ones that I missed uh for The super chats and you even said this so I put it on twitter Are you going to watch the debate between Richard Hart and some guy? I don't know who that guy is this one's at five. Sure. It sounds good I like listening to Richard Hart debate people It's interesting gent Question number three thoughts on pie chart. I don't know what that is. You gotta tell me what it is and I'll give you my opinion If you address our crypto address is traceable to serial numbers or shipping on ledger Trace it sort of how are the crypto addresses generated? so That would be a very technical question for hash, but Our crypto address is traceable to serial numbers Or shipping on Well, no because when you generate these addresses, well, here's the thing If you interact with an exchange And like let's say you you generate an address on your ledger, right? Which is really through the big one blockchain Or whatever crypto it is when you when you do that and you pull it to your exchange And it's from your account they could track that and go well This is this is rob's account here And he sent a bunch of different Crypto to this anonymous wallet, which you don't know what it is So it could be rob's or it could be somebody else. Actually, they couldn't even prove it So that'd be very tough Now they could go to ledger, which I believe ledger is a french company So if they go to ledger and they subpoena there from I don't know that that gets very tricky So I don't know if they could actually do that legally If it'd be something here's the thing Let me just say this if you're an international terrorist They'll probably try to find you in any way they possibly can and if you're just a joe schmo Who's just got like a less than I don't know a billion bucks probably don't really care about you. I'll be honest So we'll go from there. It's a good question Ah, they can't That's coming data property. Yes, it is coming data property But in the eyes of the of the government, but again ledger is a french company I don't think they could do that have to That have to be a damn good reason for them to do that Bitcoin's like the drug trade Good point. They'll buy from third-party sellers. Don't get on ebay try direct Do you have a certain dollar amount for each coin when you dca out or a percentage? So what I do is We'll take bitcoin right now, right? It's down 10 percent. So what I try to do is when I'm looking at these things. I will try to say well Uh, the x amount of dollars that I put in every day since it's down 10 percent I'm going to go a little bit heavier Like I'm going to actually add like 30 more percent and then as it goes down I'll actually add more as I go. I actually learned that from uh, ben and into the cryptoburst He talks about it as he calls it dynamic dcaing and then as it goes up. So let's say it goes up 20 or 30 percent or something like that I'm going to take at least 10 out from the ones that I actually got And then people will say well rob. What about capital gains tax? Well, here's the thing about capital gains You're going to pay him anyhow, and it's going to be a little bit higher But you're not paying capital gains on the total Amount that you put in just the gains if your gains are let's say you made 100 bucks for some reason, right? And your capital gains is 30 at least look at 70 bucks I mean, I'll be honest with you not too bad on top of what you put in So let's say you put in a thousand it was a thousand and next hundred bucks. That's 1100 I have a thousand and seventy dollars you pay 30 percent of the hundred bucks into taxes If you have this dry powder on the on the sidelines, I think it's okay. So for me 10 percent is a pretty good number and I'm just waiting so like there's not a lot of times when I take A big profit, but usually what's happening or has happened is like you'll see these big dips And I'll go down 10 15 20 percent and let's buy a little bit on the way down And then of course the ones where I bought the very last ones if it goes up 10 15 percent I'll take a little bit of profits on that and then maybe about And then five or 10 just depends it's not like a hard and fast rule And again, it depends if I need the money right then and there if it's if I do need it I'll take a little bit more out. It's just how it goes all right Where do you get where do you get dry powder? There's a couple of places first of all Uh, this isn't my only gig So, I mean I have an online education platform for nurses where I help them out Pastor clinical exam. I've got my amazon company. We've got other places that we have as far as uh real estate Which are short term rentals. So we get a lot of money Well, we get some money there and then sports facility is going to open up in El Paso again Because it's from that time So we take that's where we get dry powder and then of course also the five ten or whatever I get on from crypto So I will say this like some people just like the trade and they get it all from here They can do that But I just find it easier to do a little bit other things and to kind of put the excess money that I have Because I have two options. I can put the excess money into a bank And what I just evaporate or I can put in a crypto. It usually works out over the long haul all right That was the Thoughts on cardano token lq. I don't know what lq is acquitted. I don't know Ah, here we go. This is a great one How many bigger kinds of bull markets do you see incoming for crypto market before? Mass adoption and this lowering future gains. This is the thing that I've been thinking. I thought about this last night I thought to myself, you know, the reason why I think a lot of people Don't take profits is because they're worried that There's going to be this one time When it it dips to a certain point and then it just takes off to a million dollars and it never Goes down And I think if you're waiting for that, it's it's it doesn't work like that It's just all jagged and and it goes through it. I've lived through. Well from 2017 when I got into it and then Ah, sorry, lost a little internet, Puerto Rico And 2021 I'll also, you know, there was a nice little bull run there But now we're in this more of a bearish tone But throughout those whole bull market runs 2019 a little bit 2021 There was still down place and there was still little jaggedness So how many bull markets and bull runs before we get to this this magical million dollar Bitcoin Numerous that's why I'm not so concerned about selling crypto nowadays because I'm like It's gonna go down and I know that uh You know michael sailor if michael strategy is like no you should always buy you should never sell And that is not what I'm here for so that's just me And I think as time goes on Maybe it's right. Maybe it's wrong But I you know you have to take profits a little bit now you can you can do uh loans against your crypto I've done that this is how we purchase the house But the thing is if you take loans Make sure it's actually working for you the money's working for you because if not I mean you're just gonna get How do you pay that back? So however you do that you roll it into your business if you roll it into properties if you roll it into Some kind of appreciating asset. That's the only way it works and that's it. So look that's it for today Thanks so much for sticking around. I appreciate if like this video thumbs up I want to give me a thumbs down. Tell me why and consider subscribing if you're watching the replay I'll put two videos up here. You can watch those. That's it for today. So thanks so much I appreciate it. I'll see you on the next one You