 Great. Well, let me just ask that news. Take a top stories in crypto, man, break them down in a bite, sized pieces. So today, just the thumbnail suggests Bitcoin wallets don't lie. And there are some people or groups of people that are accumulating massively in the background. So we're going to take a look at exactly what that is, as I call it, Bitcoin wallets accumulation. And also, I'm going to tell you why I'm a little bit concerned about all this accumulation. It'll make sense in a second. And also, I'll get to clown news. SEC drops the charade because guess what? They aren't your buddy, and they're not here to really protect anybody. And then lastly, we'll take a look at an example of SEC scams loans. We're going to take a look at a project where I have to ask myself, how is this not a security? So we'll go over all that. And then also with the very end, we'll do the Q&A. So hold your questions till the very end. And let's get into it. So first of all, if you're here live, thanks. Thanks for stopping by. You should do this in the morning pretty early, but went out, had a little relaxation time for myself, because it was like a little bit of a celebration. Let's take the small wins. Or if you think this is a big win, sure, great. Take it for what it is. The market is looking pretty good so far. So if you're also here watching the replay, just know that the news takes about 15-20 minutes, and there will be timestamps underneath here so you can fast forward to where you want to. And then at the end, we'll do five questions in five minutes. So that is the format. Let's take a look at exactly what the heck is going on in the market. It tastes pretty good. I mean, I think we're all having a pretty great day yesterday, right? I mean, we went above $2 trillion yet again. And everything was fantastic. And I know you feel this euphoria, because I feel this euphoria too. Even though I've been here for like 2017, which to some people is a long time, and to some people it's not long at all. But to me, it always feels the same. You know, you're always in the back of your mind, you're like, this is it. This is where it goes parabolic. I know it. I know it. All I gotta do is hang on. Bitcoin's going to a million. My S-coin is going to a thousand X. I know this is the end. It's not the time. So Bitcoin in 24 hours is up 5%. It's pretty good. Seven days, 70%. I think we were above 44. I think we almost hit 45. So that's pretty good. Ethereum is up as well over seven days. Everything's looking, I mean, still pretty good for what it is, XRP and all that good stuff. 6.6. Any big, huge massive winners today? Wow. Near protocol, 24%. So like again, I don't play the markets. I believe the time in the market is more important than timing the market. So today, just like yesterday, the same things triggered on Voyager. I bought the same things. Bitcoin, Ethereum, and Cardano, and Algorans, and Luna, and a couple other things. Because I'm like, it doesn't really matter as time goes on. In three to four years, these things aren't really going to matter. It's just about how much you can actually accumulate. So that's what's going on the market. Let's get into the show. Bitcoin wallets accumulation. And first, I'm going to start with this one first. I get these alerts because I subscribed to look into bitcoin.com. It's a pretty great website. You can take a look at a lot of charts, very interesting stuff, very nice. So when you go there, you can find charts like this. And I'll get to that after I talk about this one first. So this was from into the block. And into the block said, hey, look, over a year, the balances held by holders holding more than a year increased by 4% over the past 30 days. I'm like, that's pretty good. I mean, just in over the past 30 days. But there's been a more of an uptake. And actually, when I took a look at this, I'm like, you know, I got a subscription to enter the block. I should take a look at that. And sure enough, there's two different ones that they have here by the time held and it breaks it down as far as addresses by the time held. And sure enough, if you go back to March 2021, it's just kind of like a nice, easy line of people, individuals, groups, whales, whatever you want to call it, they're just kind of just going along here in accumulation, right? Then balances by time held. There's a little bit of a dip here in the middle as people got rid of it. But again, it keeps going up. But I will say this, as far as balances by time held, these are holders more than a year. So people, you know, like you and me holding on to Bitcoin for quite some time, if you even go back even further, like you can see the line. I mean, people just kind of, as time goes on, is to accumulate surely, you know, surely, but slowly, but surely a little bit of a go down. But then here we are, I think we're almost at one of the all times as far as the amount of balances by people held. But this is the one that concerns me. This is why I get a little bit of concern. And Bitcoin wallet sizes, I want you to notice one thing here. This right here, in like one day, the wallets that hold a thousand Bitcoin, a thousand Bitcoin, it went up straight line. Like there is no like gradual ascension. It's just straight up. So what that means usually is whales, groups of whales. I'm not going to say sovereign nations. I'm not going to make that assumption. But there's somebody out there, groups of people, whatever else, and they just bought a boatload of Bitcoin. Now, could this be because of the Ukraine-Russia conflict? I'm not going to rule it out. Makes a lot of sense, especially if we see all the runs in the bank, the runs on the ATM and everything else. But it usually does not go straight up unless it's for a pretty good reason. And this, when you have this many people with this much money start to accumulate, then you have to think to yourself, well, how does that affect the smaller person? Because as the more savvy people get into it, and they start to accumulate Bitcoin, then it shakes off some of the weaker hands. And before you know it, you have an accumulation of these pretty savvy people, and all the Bitcoin is in one area, which is hopefully not a bunch of oligarchs and things like that. But it can happen. And it's, I mean, micro strategy, I think, owns a pretty fair share amount of it. And grayscale owns a pretty fair share. And even if you add it up, it's like 1% or almost 2%. But it's still a good amount. And those are the ones that we actually know about. So it's good for us, because hopefully these people will hold on to Bitcoin and not just sell it after this. Everything goes sideways. But that is what we have. So it's good for right now. Let's enjoy the good times that we have. And it also gives me a little pause and hope because now that kind of gets us into the narrative of store of value. So for us, that's what Bitcoin is supposed to do. That's what people are turning it into. And also other places like El Salvador are putting into actual currency. So I think it is a good narrative, and it works out pretty well. And if we even take a look at gold itself, I mean, gold, look, I own both. This is over three months. And you can see that. And it was 1786. And when this crisis came about, or Russia, Ukraine, it did go up. And I'm not going to be negative about gold because I think that I own gold and silver and Bitcoin. I don't see the problem if you want to own that yourself. I don't see the whole fighting between those people. But the narrative for gold is a store of value. And it seems to be a little bit like that. If I was in a war-torn country, I'm not going to lug around a bunch of gold coins. So then a person with a gun can take it from me. That's not what I'm talking about. But for this, I think for the investors, it works out okay. I think Bitcoin is really the better one. All you got to do is just memorize the mnemonic phrase. And you can walk over to Poland or Bulgaria or other different places. And it works out pretty well. So that's what it is. You can see in the background there are some pretty good accumulation. And that's what's going on. So I'm not telling you to buy. I'm not telling you to sell. I'm just telling you that those are people buying. And when you take a look at it, kind of want to see what smart money is doing. That's what it's doing. So I'm going to do something about that in the comment section. And let's move on to our next piece, cloud news. So the SEC, everybody's favorite organization in this crypto came out and pretty much just said, look, we're not your buddy. And they're saying to themselves, we are going to clown. We are going to go after you. Just come on in for all these different things. And it's going to lead us down a little bit of a rabbit hole about what is really a security and what it can be or what is not and loans and things like that. So let's get into it real quick and also just real quick. If this scares you, the SEC coming in and saying, hey, you know, government agency, we want you to register your security kind of should because it's very, it's very authoritative. But just as a reminder, if you are in the United States, taxes are due on April 15. So this is I'm using crypto trader tax. Yes, I still got to pay tax even though in Puerto Rico, because last year I was still in the United States, I recommend crypto trader tax. There is a link in the description looks just like this. And it has a direct integration API into all the exchanges, dexes, also open C, NFTs, things like that. And from the time that I put the information in to when I kicked it over to my CPA took me 30 minutes, there's a 20% off code. There you go. So this part crypto firms may still face SEC penalties for self reporting security law violations. Here's what we got. This is from the SEC. And this is where they just dropped the charade and they go, look, our message to crypto companies is not register your product and we'll just ignore the billions you have under management in this or your crypto lending product and your violation of the security laws. This was said by Gruel and Gruel, he is the new head of enforcement for the SEC. He also said this, let me be clear that we encourage and welcome the use of new tech for capital formation. They have the potential to make our markets more efficient and dynamic and increase access for investors, but equally important, all security offered or sold to US investors regardless of their former name must comply with the US securities laws. This all sounds reasonable until we get into it. Gruel's reported statement seemingly stands in contrast to that of SEC chairman, Gensler, who would probably ask crypto firms to come in and talk with your buddies, come on in. We're not going to do anything except if you're Coinbase, you come on in here, then we'll see you afterwards or we'll try to. IE, you registered their securities with a regulatory body. Gensler has said that many crypto firms and their products may fall under the regulatory purview of the SEC and need to be registered to ensure investors are protected. This is where it gets wonky. SEC commissioner Hester Pierce, I think we all know her, crypto mom, criticized the agency for its lack of regulatory clarity with respect to crypto firms and possible security laws violations. Here's the thing, which makes this as odd is that they don't give you the concrete way, even to me, one of the senators when he was grilling Gensler at one of the house committee sessions, he asked them, he goes, why is it that you can't give us the definitive view of what securities laws actually is besides the how we test and give us pretty much a concrete way to distinguish those so people can or cannot say that they are securities. He's like, well, you know, you go around this and he gave some some pretty roundabout political answer and it just never gives you the concrete vision that you're supposed to get. So I think this is a problem and really what it comes down to is that what the part here that really concerned me is concerning is this part here. Crypto lending products. Go over that as you will. Crypto lending products, that could be anything in all honesty. And if we're going to go for a security, hey, we trade securities all the time. It's over on Robinhood. They're called stocks and equities. I mean, equities. So if they just tell us what it is, I think we can move forward. The problem is they're not telling us what it is. They're just saying, hey, come on in here and register your security. But if you think you're going to get away with no fine, you're crazy because we're going to find the living tar out of you. And that is it for clown news. So that brings me to my next point then. So if we have the SEC saying that, let's take a look at some examples across the way as to, you know, what is a scam and what is a loan? And then there's an article I want to talk about which is how the heck is this not a security? So let's let's just go through it real quick. So this one right here, big connect. I don't know if you remember that. This was in 2017-2018. Founder convicted in 2.4 billion Ponzi scheme has disappeared. This guy Satish Khumbani. So Khumbani, an Indian citizen was charged criminally by the US Department of Justice last week. The SEC separate separately sued Khumbani in September 2021. The problem is he's gone. And this is the statement from the SEC. The commission did not know the whereabouts of Khumbani and Indian citizen at the time it filed this action and bit connect is an unincorporated entity. The commission must serve through its manager bit connect. If you don't remember it was found in 2016 was was was was one was one of the biggest and most popular objects in the ICO rage back then. They raised billions of dollars from global investors for a protocol that paid out 10% in interest earnings. Let me say it one more time. It paid out 10% in interest earnings. How many different products are out there? Where do you hear about 100% 200% 200 and something percent? And we're getting all worked up because this was a Ponzi scheme back then for 10% which it really was. And and this is the thing about I don't know if people get this like I get 20 or 30 emails a day for projects that people want me to pitch to you and 99.9% I just delete and usually the ones that come through it's usually a friend of a friend who knows this person and they are close to me and that's the thing that I talk about like meld like world mobile token like ginsukishi the metaverse play like cryptiverse stuff like that because like if I bring you stuff like this because you don't remember I don't know if you remember here in 2017 but BitConnect was on every damn single youtubers playlist and they were pitching it to you like crazy and you and they got a ton of money off that and I mean like a trade on mar and those type of guys right he has his name so I'm very careful I try to be as careful as I possibly can have I hopefully I haven't talked about any frauds out there yet who knows but so far I've been doing pretty good but it makes it scares me that things like this bit connect people just forget about this was a like a legit thing and people are telling me like like it was a reality and looking back hindsight is 2020 everybody's like oh how could you miss it well back then it wasn't even a thing and people this is this is what it was and people just fell into it so that's why I'm I'm a little bit careful am I gonna miss some things yes but I'd rather miss some things and have people get screwed over okay so to finish this up platform administrators closing the earnings platform on January 16 2018 this is when they actually stopped it January 16 2018 prices of bit connect the coin plummeted to below a dollar from a high of $500 in a few days after the platform closed so like in a couple days people's life savings were wiped out I've never seen videos of people who were at work crying and they were saying I don't know what to do because I just I put all my life savings into it and and the XYZ youtuber said it was awesome see you gotta do your own research and hopefully the people that you're listening to don't bring you just loads and loads of garbage in there so that's the first part that's obviously a scam okay we're good there here's another thing that I found interesting and this does make sense to me loans largest ever nft back loan 101 crypto punks put up as collateral 101 crypto punks so just so you know it's very short this is the largest ever nft back loan an anonymous borrower took out eight million dollars loan collateralized by their collection of 101 crypto punks this the loan has an apr of 10 percent and but it's only a 30 day duration which is interesting it is facilitated by liquidity scaling solution metastree on peer-to-peer lending so these guys are gonna eight million dollars I don't know what they're doing with it hopefully they're not putting in looking at something crazy but I mean if you could take out eight million dollars what would you do with it to make eight million dollars into nine million dollars it's actually a lot easier to do if you have a ton of money if you know what you're doing but there's also the flip side of that where people they get leveraged plays and before they know who's everything so this was the co-founder he said I think nft borrowing markets will will just grow bigger and bigger which means its purchasing power will increase it's like instead of putting all your money into buying a house you can actually take take that money out and we're extending the purchasing power the entire industry so for loans and things like that that's not a security that's just a loan I can understand that so we have a scam which we saw with bit connect right or people like here's 10 percent yield but you just got to keep people you know bringing people in bringing people in that's a policy scheme and yet something like this where it's a loan okay we understand that right now let's move on to something where I'm like how is this not a security I mean not honesty maybe it's the utility so check this out this was and this is the last part a project called fries Dow and Dow are all the rages right now the centralized autonomous organization it raised 5.4 million to purchase fast food restaurants so here's what's up Dow these Dow that is attempting to purchase there was a Dow that attempted to purchase the NFL's Denver Broncos football franchise for four billion dollars they came close actually I don't know if it's still going on it might be a Dow is automated decentralized and operated by the community blockchain governance a Dow's native token is leveraged to be used as a stake in governance voting processes and for paying for goods services and future goals I think that's that's the the term I remember this this term paying for goods services and goals I know we launched Dow called fries Dow is attempting to leverage the Dow idea to purchase fast food properties decentralized social experiment where a crypto community builds and governs a fast food franchise empire that's raised 5.4 million and when you do that you get this thing called a fries token that's for the governance after forming a treasury the project distributed fries tokens to everybody the Dow plans to negotiate with franchise fast food owners to buy well-known fast food stores across the world great so this is where it comes down to it what's the vision this is from the fries Dow website imagine a major fast food store let's just take McDonald's okay it's very easy in every major city materialize because of your vote so you all the money that you put into for this Dow they're going to go and buy a McDonald's a Burger King a Taco Bell whatever else it is right and then you because of your fries token and they have the deal there everybody knows well this is a this is a fries Dow place you you get to go near one to you flash your barcoded fries Dow NFT and you get that free burger now I think you're also going to get an additional fries token which is the governance token so when I'm looking at this I'm like how the hell is the hell is not a security and I was thinking about I'm like well maybe it's because it's coming off like okay you're going to invest into this Dow and the utility is that you get to go just like links down just for golf you get to go in these these golf places and you can play for free because you are a member and for this fries Dow there is you know if you take a look at the Howie test there's some type of observation or expectation of profit from other people's efforts which I would think that's what it would be if you own a fast food chain restaurant and then they give you instead of money they give you the fries they give you fries tokens so when I think about this I'm like this is a a way to move it around I think this is concerning because they're like oh no you're not getting the only reason you're getting the fries token is so you can get some free burgers and food but it has nothing to do with revenue generation and I'm like how the hell is that not a security okay that's just what it is let me know what you think about that in the comment section because if they can get away with that you can get away with anything but maybe I'm wrong I just see it a different way because that's what I got and that's it so look that's it for today if you liked today's video give it a thumbs up didn't give it a thumbs down just tell me why and maybe I'll fix be able to fix it whatever it is and consider subscribing you already made it 20 minutes as we'll come back for tomorrow but that's it let's go on to five questions in five minutes and get the heck out here enjoy this day huh all right thank you so much so what do we got hello mr dean you hopped online you got it thoughts I'm near I think it's a great looks like a pretty great project tps decent team I'm not a deep dive but I actually own some not a lot but I thought I'd do pretty well because I'm just looking for a hedge against Ethereum I don't know if Ethereum's gonna make it somebody will love it somebody will hate it e2.0 or whatever it's called now I don't know so there's question one James is streaming now go to James James got good information everybody's streaming right now like that's why I get up so early and do this but I didn't couldn't do it today so I'm doing it right now that's okay some people are streaming like all the time now I'm like how do you deal with that just pick your favorite one let's see question number two I'm staking on Dan it's only showing half of what is staked on drip drops and idea why no idea why so drip drops if you're trying to claim your Sunday swap tokens which I believe happens today actually I will tell you this when I did that video for how to claim your Sunday swap tokens it said that I was still delegating to the meld stake pool I'm like I haven't donated or I haven't been staking to meld for six months so I don't know how that is but I don't know what drip drops is saying but all you got to do is look in your wallet whether that be yoroi not a big fan of a delight or deadless and he'll tell you who and what you are staking so just go with that don't go with drip drops your portfolio looks good as you do it looks pretty looks better today I'll tell you that that's all I can tell you ah thanks Sunday swap is not showing on drip drops today it should I think it's supposed to go live in March 1st take a look in Twitter follow me on Twitter at newsasset and I'll speak to the guys over at Sunday swap and try to get a big tweet storm going Rob because I'm really thank you thank you appreciate it what do you think is a good time to buy a little more Luna I can't tell you financial advice I could say what I do every day the same time around six I sound like that six or seven in the morning my Voyager buy order executes for Bitcoin Ethereum Luna Cardano Algo and Gala and some other stuff Matic I think it is I added it again but I just let it go there's there's no emotion to it it just kind of goes in the background and then at some point my bank account will say hey you don't have enough money I had some more money in the bank account I swiped between my business accounts so that's that's how I do it how can look as good as you do woof you're aiming low mankind also um you know some days look pretty good because well good lighting some days look pretty awful that's how it goes it's a good question love the show Rob I always have to like here's the question number four you think we'll hit three trillion mark cap this year I have learned my lesson as far as predictions and I can just tell you this in this year in a world 2022 I believe that the market cap for cryptocurrency and digital assets will be between 1.5 trillion and 3.5 trillion that's my prediction I don't know what that is and here's my last question and I don't know the answer unfortunately Rob what do you think about uh kodi currency of the internet kodi which I think is uh based on the chrono blockchain issuing dj the official stable I think it's the official stable coin coming for donal I think it's gonna be great I've heard nothing but good news and good things coming out of kodi they seem to be a pretty good team about what they're doing having none of I don't own any kodi so you gotta understand on my channel I'm super like super biased about the things I talk about I only talk about the things I usually buy and uh but that's how you know that I got skin in the game but uh kodi I just hear good things maybe I should look into it I don't have a great answer your question sorry about that and that's it so look that's it for today 26 minutes that's our time I got to get out of here and do uh fix the yard something wrong with the pool that's it so thanks so much for stopping by I appreciate it like this video thumbs up if you didn't thumbs down let me know why and um shouldn't you subscribe also if you're watching the recording I'll put two more videos right here you can continue the experience talk about the things from yesterday a lot of things going on and that is it so thanks so much for stopping by I appreciate it see you on the next one adios