 Great welcome everybody back to digital asset news. My name is Robin today We've got a lot of things to go over a lot of exciting things We're gonna the big story that I think is the finance and Voyager I'm gonna walk you through what's going on and what potentially could be and how I believe this makes the most sense We'll also talk about the Cordano Vazel upgrade Which it looks like it's gonna go through and things are going along swimmingly as according to Charles Hoskinson And then we'll talk about what's going on next week because I will not be here unfortunately Let's just jump right into it the first things first I want to say is yesterday now two days ago on the last year I asked this and does anybody really want me to go over the market Because everybody checks their portfolio 20 times a day So what is the point of me going over the market and I'd say 95% of people like don't go to the market We already know exactly what it is only go over it unless it's absolutely relevant. I'm like sure that's it So market recap unless something's relevant. We're not gonna go over it However, today is one of those days. I would like to quickly go over it and this is what we got The thing is is that everybody says the same talking points Which is this is the last opportunity to buy Bitcoin below 40k. This is the last opportunity bill I buy Bitcoin below 30k. This is the last opportunity. You know, I'm gonna say right. Well, guess what? Well, here it is again Bitcoin below 20k. I don't know how many times people said this is the last time It's never the last time. Well at some point Maybe it will be the never but I don't see that coming anytime soon. So again right now We're at 19.9 and for some reason we're still at the one trillion market cap I think we'll probably slide below that. I know there's a there's some rumblings about Mountain Gox But I've been hearing about that for two or three years and no one really knows exactly what's gonna go on Exactly when it's gonna actually be dispersed and exactly when that's actually hit these people's accounts because remember it's actually Bitcoin Bitcoin cash and I want to say cash equivalent So it all really just depends. I'm not even gonna factor that in but if it does happen That's one more thing for it to drop as well. The theorem is down. I mean over seven days. You can see it So what you know exactly happened? Well, it was Jerome Powell and his speech everybody's gonna talk about that day We talked about it Jerome Powell speech yesterday on the DCA show. It was really good show I really love these guys coming on Ben and James and giving some things and the whole thing was What's the prospect of Bitcoin going to 15k James is not a believer. That's okay me and Ben We're like hey could happen. So definitely check it out a link that in the in the description But it really just came out of this stocks took a big dump yesterday because Powell came out and said look I'm not gonna say anything dovish. It's gonna be hawkish and I'm gonna go on the the the Volcker route So just remember this when you think that That we're late along in the game the US stocks lost 1.25 trillion dollars in a day in a day What's the market cap for us? We're barely holding on to a trillion. So when you think like our far along this isn't a big deal Trust me. We are super early and that of course leads me to next points If you're looking for you know, just a little bit of balance one once in my portfolio when something goes down I want another part to go up that could be housing or crypto or our precious metals or whatever else But of course, you know on the show we talk about masher works fractionalized shares of art I got to a Banksy and a basket. I kind of know what they are not really and Since October they've gone up 40% I haven't done anything just buy and hold. Can you say that about your crypto? I know on some of my on most of my crypto actually now. I'm just kidding all of my crypto I can't say that and then of course the performance has been pretty good year-over-year Here's the annualized rate of returns and just so you know masterworks is beating It's traditional stock market and I'm beating crypto beating the pants off crypto hands down over the last year now Of course, we're gonna talk about why invest in crypto in 2012. Okay, you got me, but ever just looking year over year to date Yes, that's what's going on. Why rich people are crazy. This is a Banksy It's all for 1.4 million dollars in the original one now when they shredded it now it's 25.4 million It's an uncorrelated market asset and oh, yeah It is registered with the SEC because it is a security because these are fractionalized shares of fine art You can find all those different information on the masterworks website want to find out more There's a link in the description looks just like this I did a deep dive and then it's up to you. You don't have to use the affiliate link You can go right to masterworks. Whatever you use that affiliate link Helps to support the channel as they're a sponsor of the show and I appreciate them and also you can skip the waiting line So that's that and there's just one last thing before we get to the Binance Voyager story The mvrvz score I know like when people are asking me like Rob, are you still DCing? I am but yet remember like I think we're gonna go lower And that's just me but I want to take a look at like the MV the mvrvz score You can find this on lick into Bitcoin and again, it's it's very simple. You just take a look at this Let me refresh this You just take a look at the mvrvz score when it's in the reddish area Maybe a chance for you to think about selling off selling some not everything. I don't know what you want to do It's up to you. I'm not a financial advisor and when it goes down the green Maybe it's a good idea to accumulate and there's been some pretty rare instances when that happens, you know like 2018 2015 You know 2011 and then of course now over here. So One thing I will note is that if you're into the dynamic DCing What I like about this is that you can just look at this and go well When it goes below negative Maybe that's a chance for me to increase my dollar cost averaging because right now I'm doing about 10 to 25 percent of what I usually dollar cost average because I think that it's gonna go down And if I'm wrong, it's okay I mean it'll go up at some point But if I'm if I'm right and this goes down to zero point two Maybe I increased it to 35 percent and then when it goes on a zero point four Maybe I increased that to 60 more percent or 60 percent of what I what I've done or maybe even 200 percent It's all depends on what you want to do But this is a pretty good marker and just so you know, there's been like dang it three times When it's been below that's a negative part or not negative below negative point four it's been in 2018 and Also 2015 and we still haven't seen that yet. So I did a video about that will be released on Monday But that's what we got for this course. So that's all we have a little TA and everything else in the markets Let's talk about this story finance and Voyager So I Have to preface it with this a lot of things can go wrong with this deal They can back out any moment There's been nothing on the table and they haven't announced anything But there's some key words in here to pay attention to to where I think this is Probably the sanest option for a Voyager. I'm gonna tell you exactly why so Voyager or Binance and FTX are among crypto players and hunt to buy Voyager digital and then Coinbase backs out But that's okay. Coinbase is having its own problems. They're not very they don't have a lot of cash on the side heck they even they even did away with the affiliate prospects for For people so I think they're having a little bit of issues and of course their stock has been circling the drain But they've got good things going on. I'm not hating on Coinbase. I'm just saying there are some companies that are super strong Some that are kind of strong and some that are just kind of making it anyhow Here's what we got Voyager digital tracking people like Binance and FTX Coinbase Value to deal but then withdrew according to presentation the company's lawyers earlier this month at least 22 investors had gone through due diligence and Indicated their interest in bidding for all of Voyager's assets and just so you know They've actually had so many bidders that they've actually increased the time frame It was supposed to be at the end of this month They're supposed to put all the bids in and then decide they pushed it all the way into September 6 And then we will know who actually is the winner at the end of September. So things are heating up I like how things of this are going and I think there's some pretty good people and here's where Binance comes in We have a policy Now pay attention to what this says. This is a Binance spokesperson We have a policy to only disclose deals after they are complete and cannot confirm or deny any potential deals It's very simple, right? If you weren't in the deal you to say we're on the deal Where'd you get the information that makes no sense? But they're like we can't discuss it right now because we're in the process Probably in the process just saying now could they wholeheartedly Win this deal and go down. No, there's a lot of things that have to happen There's a lot of difference in Congruencies that have to be rectified and they have to say does this really make sense to us? I think hopefully it will but we'll see last week Binance CEO Ching Ping Zhao said Voyager as well as Celsius Network Had approached his company to discuss selling assets our teams engaging in all those conversations So that's just that first part just a little snippet of what could potentially be but the thing is this is why I think it's It's a pretty good fit. First of all, there's this There's a metric called CPA cost for acquisition and of course for you to acquire certain customers It's gonna cost money. It doesn't just happen free overnight. There's a reason why at the local strip mall Wherever you're live at certain restaurants do pretty well and certain other ones don't there's another effect There's many a factor, right? Maybe the food sucks. Maybe the service is off or whatever else But it's also marketing getting people in the door and if you can do that it's gonna cost money So if you can sidestep that a little bit and go, you know what our cost of that our cost per acquisition is very high We see what's gonna happen the future. That's why we created Binance We're just gonna take over this company and then just absorb those customers But we have to do it in a certain way I think this is why it's gonna make sense again I could be I could be wrong in this whole deal could fall through but just so you know Binance is far and away The biggest exchange in the world. Okay, just in 24 hours. The volume was 55 billion Volume of everything that went on was 21 percent. Here's the number of trade percent of trade So just so you know, you can find this on nomics. No mix nomics I don't I say it.com I linked in the description so you can verify it You know, just like Rob does made that up, but yeah, and then also If you take a look at just some public data The revenue for 2021 was 20 billion not too bad Binance profit out of that was 900 million in 2020 I don't know what 2021 is. I'm sure it was higher 21 was a monster year Binance users went from 21.5 million to 28.6 not I mean, it's a pretty good number We're looking at 7 million plus, but I mean wouldn't it be nice to absorb just a million at a discount? Why not? Binance peak trading volume 2020 was 35 billion 2021 doubled 76 billion Binance annual crypto exchange volume 2021 1.07 trillion and 2021 they 7 axed it to 7.7 trillion Binance versus competitive crypto volume is far away the biggest one out there And there is a reason why they are one of the few exchanges right now actively hiring employees Because they didn't put their name all over like, you know stadiums and didn't do a bunch of commercials It is like we'll just put to steal a quote From jack and a crack one foot in front of the other and that's exactly what they did So then to keep going on this vein How much does voyage row? Well, there was a snapshot This is from the Voyager committee, which is representing us the retail investor who got Who got rug pulled? Let's be honest as we stuck all our or a good portion Some more than others of their crypto and Voyager and they got shut down for a bit Not bitter Not better It's just how it is. I can there's only some there's only so many things I can control in my life And this is just one of those things that's out of my control. This is what happened and we deal with it. Just show up so Here was the balance sheet snapshot on June 30th and people corrected me So I want to say thank you to everybody who corrected me on this one And this is the assets that they have this is the assets that they have which is the positive part So the total cash and this is in millions 104 million total crypto loan I thought this was an example example 3a see that adding that excludes 3a see excludes 3a see sorry Which means I know what I did this because they're not gonna see anything from 3a see that I think they might see like here's a hundred bucks Sorry about that 500 million dollars are bad But anyhow the total crypto loaned excluding 3a see is 470 million total crypto held 685 million. That's probably gone down because that's in June 30th I mean the crypto held for the value Total crypto held alone 1.2. That's a that's then 1 billion 260 million 3a see loan recovery TBD TBD TBD So the total recoverable assets is that's pretty good 1 billion 260 million. All right Here's the unsecured claims as many customer claims 1.8 For us other unsecured claims. We don't know yet. So 1.8. So we're looking at What 5 5? 500 million in between there's a gap right as a gap And 500 million I'm thinking that Binance could do okay with covering that and going hey, but like all these customers Let's see what we can do 500 million and then there's probably some other ancillary cost of course But I think it's what it's within doable if the revenue was 20 billion So that is that part and the last part I want to talk about is it's not what you know it's who you know And that's a big aspect because see this guy right here. That's brian brooks I don't know if you remember that guy, but he was the us the former us com troll of the currency and He worked for finance us And it's pretty amicable with split when he resigned But he said there was some strategic differences where they wanted to go what they wanted to do And you know where brian went he went to voyager Voyager digital announces brian brooks former acting control of the consulate currency joins the board directors This was on december 20 2021. Man, what a bumpy ride for brian went from finance Was there for I don't know six months and then came over here six months five months and it's on So that is essentially what is going on With that part and the last thing I will say is this Everybody was up in arms when I said this And I said I didn't care But I have to explain why again But maybe I'm wrong. I'm wrong all the time. That's my wife So crypto lender voyager Can pay employees a retention bonus. This was an article five days ago somewhere around there And what they want to do is they want to pay I want to say like 28 29 employees, correct me the comment section Like 1.2 million not a piece, but amongst themselves amongst those individuals and I said these were strategic employees Now if one of those strategic strategic employees is brian brooks Because he knows the people at binance and they have to do that. I said it very clearly If in some way this pushes the sale of voyager through and these people want to be crucially processed and let it happen I do not care about 1.2 million. Yes. I know it's my money and your money and everybody else's Well, let's just get this done and move forward. So that's the case for binance and voyager Let me know what you think about that in the comment section And that's it. So let's move on To some more good news Ah, see this channel is not all about bearishness The nozzle upgrade This is a video that was put out to by charles and just so everybody knows we've already upgraded the dnews stake pool To the latest version. So we have to have 75 percent to get to the nozzle upgrade And we're crossing our fingers hoping that it goes through and they won't find some bugs They found some bugs already as charles talks about in this video But uh, not to be a big deal So I'm just gonna have you listen to charles here. It's about a minute and a half or so Exactly what's going on and uh, you can explain a little bit better than I can because I'm not that guy I'll be honest with you Here you go. That's about a minute and a half is to get the exchanges on board Binance is reporting that they're currently upgrading by volume I think they're about 30 40 percent of the cardano trade volume And uh, others like kraken coin base and so forth tend to fall along Generally, what happens is that after a hard fork date is announced You see a big rush and people push through So what is probably going to occur is that once we hit that golden 30 75 percent of the spos Um in three to five of the major exchanges by volume The top three top five are upgraded or are in the process of upgrading a hard fork date will be set Uh, and uh, then the rest of the exchanges feel the urgency and they start upgrading And it's really hard to get them otherwise. They tend to need a little bit of a push for that So I just wanted to close out the week letting you guys know that things are moving along very quickly Uh extensive testing is still being done by both the community and still by us And a lot of integration work is happening behind the scenes. Uh, so all of that infrastructure is looking good And hopefully we should be able to work with the community to get a hard fork date set soon We're going to have a meeting with the spos here in a little bit And ask them how everything's going on their end And the cf is working very aggressively at starting to push the exchanges to to get to 135 3 so that By liquidity those things look really good. Um, so sometime in september is what it looks like Unless something is discovered or we run into a substantial slowdown somewhere We're not quite over the finish line, but everything looks pretty good That's it. So, uh, look, I mean, I know people say man, I'm so slow. It takes so much time I don't really care I'm going to be here for the next three five ten years as long as uh, you know health will allow me to be there and um I'm okay with taking a little bit of time because uh, I'm getting tired of all the rug pulls and the hacks and things like that Maybe sometimes we need some adults to do these things Just saying All right. So that is it. Let me just think about that in the comment section and lastly next week is new york everybody and we are taken off tomorrow Tomorrow tomorrow afternoon To go to new york for a bit. We'll be there for the u.s. Open And uh, what happened here? Where'd I go? Ah, there we go for the u.s. Open. So we'll be uh, that we know live streams for Sunday monday tuesday monday thursday and friday, however, I have prerecorded some videos about some different thoughts Especially we're gonna we're gonna delve into where I think the where I think the market is going and uh Of course, I I have a little bit of optimism but a little bearish aspect. I want to talk about some A new portfolio strategy because I agree that bitcoin's the safest one out there But sometimes you got to gamble a little bit and that's just me when I'm doing not to say what you should do And then just some basic stuff. I think everybody should know so look for those Sunday all the way through friday and that is it for today. So look if you like today's video Give it a thumbs up and consider subscribing Sometimes youtube actually does notify people, but that's it for today. So look you got to take off It's saturday get out of here. I've been here 20 minutes But if you want to stick around we'll do the q&a and I'll answer all your questions the best my abilities And we will start that right now