 Welcome to GL asset news. My name is Rob and welcome to the live stream So today we've got a lot of things to go over first of all You're here because of the thumbnail on the title and this is probably the second biggest bullish story I've seen throughout this entire year. We're gonna talk about how JP Morgan the major bullish news and What they're doing and they just put a letter out to their shareholders But what's gonna happen in the future as far as with crypto? We're gonna take a look at that and also some concerns. We're also gonna talk about VC dumping and we're gonna give a great CJ Riklin here He's an advisor to rebellion capital partners and lastly we're gonna talk about how only 1% of Crypto tokens as far as like token offerings have given a 10x return for this entire year and then D gen had three of them So we'll do all those things and we'll do a Q&A at the very end of the live stream So let's just jump in because we got a lot of stuff to go over so first up let's just take a look at the big story, which is this and If you're really going to rock you've heard this awful awful awful story. There was It was 19 19 children Killed in a an awful display of some mad gunmen here in Texas right outside of San Antonio 19 children killed and one teacher Killed because of some crazy person. So since I live here in Texas, it's pretty awful and you can feel It's pretty palpable the sadness. So That's how it is moment of silence so I Will just say this and then we'll move on I Everybody knows I've lived in Las Vegas for a couple years and during that time there was that big mass shooting some not same thing He was on some hotel and there was a country Western concert And he sprayed killed a bunch of people and it was the same and what happened was it was it was Sadness then there was anger and outrage and there was talk of something happening and nothing ever happened And then of course there was the Las Vegas strong bumper stickers And then I moved back to El Paso and like a year later We had that massive Walmart shooting where another 10 12 people were killed by another mad gunman and it was sadness anger and outrage talk about something to be done and Of course the bumper stickers El Paso strong you can still see him El Paso strong says so strong and that's what it is I don't know what the resolution is here. It's not a political channel, but say I'm getting real tired of Seeing all these things go down. So Let's let's move on to crypto. So This is the market. You guys know what it is and Bitcoins down actually excuse me bitcoins up a little bit theorems up a little bit and Everything's up just a little bit and it's because you know our correlated asset market S&P 500 as well as Nasdaq is also up So that's good and we'd like to see those little pumps and hopefully they'll continue and maybe they will with stories such as this and We haven't had some good news lately. Let's be honest It's like getting kicked in the teeth every day for this market, but again, there are much worse things out there So keep that in perspective. However this does buoy my hopes as far as the market itself and JP Morgan says Bitcoin is undervalued by 20%. Let's that's a it's adorable. It's nice, but says crypto currencies are now a preferred Alternative asset which is which is pretty amazing quite honestly if you take a look at the CEO Jamie Diamond and this is his progression from 2015 to 2021 first, he said virtual currencies will be stopped and and Then he said that Bitcoin is a fraud And then he said he regrets calling Bitcoin a fraud but believes in the technology behind it Which is what a lot of people always start to spout off about blockchains great, but Bitcoin sucks Then Jamie Diamond says Bitcoin is not my cup of tea even as JP Morgan has warned in crypto Then JP Morgan says investors could make 1% of portfolios and of course now awful now here. We are JP Morgan may offer Managed Bitcoin fund and then of course today we got this this is what's going on and This is what we have. Now. There's a big difference. I think someone says in the comments between talking about and doing it Remember that but it's looking pretty good Here's we got banking giant JP Morgan says Bitcoin is massively under value maintaining its estimate of Bitcoin's fair value at 38,000 and it's Below that we'll say the bank today reiterated the assessment I gave the asset in February when the crypto was around 43 400 So okay, so they think it's totally undervalued which if if you're into investing like I am Which pretty sure you are because you're here You know that distressed assets are just waiting to be scooped up and out to clients issued Wednesday Let me say that one more time in a note to clients issued Wednesday The bank stated that it is replacing real estate with digital or crypto assets as it's preferred Alternative asset class along with hedge funds setting potential lagged repricing and private equity private debt and real estate one more time Notes to clients. They're replacing real estate with digital crypto assets as it's preferred Alternative asset class along with hedge funds. I love that that sounds good. I could use some good news. That's fantastic Here's where it gets a little wonky Maybe the strategist also believed that the trajectory for VC funding venture capitalist funding would be crucial in helping the crypto market to avoid The long winter of 2018 2019 which makes sense, right? We all like VCs. VCs are great. They throw our money. Everything's good Maybe we'll get to that in a second just today Ethereum scaling startup Starkware raise a hundred million and eight billion valuation and venture giant and recent Horowitz announced the 1.5 billion Allotment for crypto investments as part of its larger 4.5 billion fund. Why don't I even mention this? It's because I know you're afraid. I see the fear and greed index. It's like at 11 or 10 or something Ridiculously low. It's because people are afraid just like people were afraid in 2018 Just like they were afraid in 2014 that crypto is gonna go away because some person on some channel some I don't know investment legend Said it's gonna go away to zero and of course a couple years later than they're like, I'm all Bitcoin so whatever but It's just goes to show you that as much as we've endured We're still making strides and people are still dumping money into it. We're gonna get that a little bit later, too Thus far there's a little evidence of VC funding drying up post Tara's collapse of the 25 billion funding to date Almost four billion came in for Tara. So let me make this clear. It's not like 25 billion went into Tara They're just saying that look even though Tara collapsed and it collapsed It had a big pullback in the market You're still getting four billion dollars more people coming in or four billion dollars worth of revenue coming This people believe in it And then our best guess is the VC funding will continue in a long winter similar to 2018 2019 Would be averted. Well, man, I hope so. I Will tell you this there's two sides of the story One is people always say this time. It's different. I heard that I Hear that every day actually there's a book actually It's called this time is different and it kind of goes about and says that no not in reality a lot of times It isn't different. However, it is odd because we are a lot farther along than we were in 2017 think back in 2017 what did a theorem really do? Honestly, it was like well, it's smart contracts. Great. What's that? Well, it can unlock things automatically and do a lot of things in life Great. What does it do? Well, it doesn't do anything. It didn't do anything. Then of course then we had DeFi Then we had NFTs and then we had this explosion crypto space I mean pick your pick your poison at what's going on now Are we there yet? No, but it's a little bit different than what it was before so potentially that could be correct and I Just want to remind everybody that yes, it's a little bit of a difficult time But just remember stuff like this. This is my first biggest news as far as like bullish news this second would be JP Morgan and this was from the I always get this wrong The Swiss asset manager Julius bear with half a trillion assets under management and their CEO said this They Crypto DeFi will transform the financial sector over the next 10 years and it's important for us to gain a strong foothold in this area That's why it's exactly the right moment to invest in the long-term potential of digital asset technology It's kind of strange that that is the exact same kind of wording digital assets That Forbes said Interesting then also if you think it's gonna go away take a look at this. This is from Riot blockchain and they are they said this is a proud moment here in Rockdale That's in the eastern part of Texas I believe our construction of building is underway the last building in our 400 megawatt expansion and look at that That's the one behind there That's the one that they're just building now for Bitcoin mining operation. They've already got a bunch of them already up and running so Look if you think things are going away, it's not it may slow down But we're still going in the right direction So I'm going to think about that in the comment section That leads me to my next point so This section VC dumping and it's gonna start off kind of kind of weird But just stick with me for a second. Shall you so I read all the comments and Some comments are great. Some are informative some are very You know very positive and then you know, I got a I got a couple that are trolls and they hate me That's okay because as a reminder I Tweeted out today, you never know what someone's going through a few nice words can help a person a lot more than you think and I said I love you trolls. So just remember we don't know what battles people are going through in the comment section They could have lost someone today. You don't know. So I was reading this and this is from crypto biryani And he said my June crypto predictions Bitcoin 15k 309 50 cardano 7 cents pocket out of buck 50 avalanche Matic, blah, blah, blah, right. I'm gonna go in hard but just I'm waiting like a crouching tire and I was like, you never know. I mean, that's what it is. So as I'm talking about this great bullish news I'm giving you some bear side just to balance them some things out But there was a comment from a friend of the show Simon you Simon says This those prices are too soon for a June if we do end up those levels It'll be a slow bleed like the last bear market and then he continued on and he talked about this Well, actually before he says that I don't know if you guys know who Simon you Simon you should know him You should follow him on there. It's at Simon you SCA and He's been he's like an OG in crypto. He's been since 2014 with storm X He is the founder and CEO He's got hundreds of retail partnerships And then of course they have a partnership with the Portland trailblazers the NBA So he's got some insights and he says this specific comment stay away from tokens that have a heavy Venture capitalist Concentration once those unlocks start happening. It's a cliff down and yes DC and a good one system allows most. Thanks, man That's right DCA. So well, I want to break some of this down this VC concentration Does that mean that everything that is that VC's invest into is trash? No However, there is a big difference between a massive massive VC and Fusion of funds where they have all or most or a good portion of the tokens as opposed to these easier like hey I'll give you you know, that's like three to five ten percent of our of our tokenomics huge difference So having said that my man A to Ape you don't follow him follow him at the A to Ape He's any he quotes Masari he talks about initial token allocations for a public blockchain So if you see right here in this, I guess it's pink Pink kind of colorblind and that includes all team company and VC purchase tokens You see Ethereum. Ethereum is mostly blue and that's blue is public sale. We like to see that just public sale out of the public finance 50-50 we all know it centralized. Let's not let's call a spade a spade. It's not stop being around the bush Polkadot the brown is Foundations so Foundations company govern grant pools or their incentives like test net participants. Okay, sounds pretty good Then a third of that is insiders, which would include VCs and of course the public sale Cardano's Looks like far and away one of the best as opposed to EOS. Wow. Look at EOS. That's a lot of public sale Tron. Yeah, Tezos have a nice cello flow. I don't know what flow is That's a lot 58% for insiders sweet Marion Joseph Then internet computer 39% and 35. Okay, and then he further breaks it down My man says hey, don't forget about Tara. It's like, okay, and Tara if you can see right here the brown is foundations token allocated to foundations Community governed grant pools other incentives like test net 44% but 56% was of course the VC insiders and This is the question then well, how the heck do we know that? Where do we find this information? How many VCs are out there? We just look at tokenomics or is it like a simpler tool to use so what I did is I brought my man CJ Rykel and we talked it's very short Little over five minutes and this is CJ Rykel. He's the advisor to rebellion capital partners and Smart guy has been on the show for quite some time So just listen to what he has to say and I'm gonna give you some tools to where you're gonna find all this stuff out Where to look for it what to find so you can do your best research so you don't get dumped on so Let's just take a quick listen to what CJ has got to say Right now. All right, buddy. So as promised, I brought someone who could make a little bit more sense of that And that of course is CJ to all you the intro CJ welcome back to the show. It's been quite some time Thanks for stepping in. Yeah, thanks for having me Rob. It's really good to be back Yeah, so what's All right, buddy. So as promised I brought someone who could make a little bit more sense of that and that of course is CJ Don't do the intro CJ welcome back to the show. It's been quite some time. Thanks for stepping in. Yeah, thanks for having me Rob. It's really good to be back. Yeah, so what's going on here? Bring us some light Yeah, so I think that one of things that is most important going into a sustained period of bearish to neutral market environment is just Understanding the implications of very high fully diluted valuations within specific projects Okay, and I think Solana and the DeFi ecosystem that they've Um, I think VCs have done a lot of harm to the Solana DeFi ecosystem and we can go into that in a moment But first I want to just discuss the importance of fully diluted valuations and how you guys can find out for yourselves You know, maybe there's some VC unlocks or things like that occurring in the near future, but basically If we go over to Do you want to say something? No, so give us the tools. This ought to be good. All right. Yeah, so Very simple on coin gecko here. Um, one way that you can find out when a project has a little bit of a skewed Fully diluted valuation. One good example is uh, stephans or GMT when you look at the Circulating supply right now. It's only 600 million But the max supply that will be released over the coming years Is uh, six billion. So when you have a 10x Difference between basically your market cap and then the fully diluted valuation. It's kind of a red flag To say, all right, maybe there's going to be some VC unlocks which leads to you know, further sell pressure Is there going to be equal demand coming in to meet that? So speaking of step in here, let's take a closer look at that project and some of its fundamental breakdowns So we go over to Binance research here and a little bit about the token allocation and private sales 16% of the total supply was sold in a private allocation sale And that was at a price of half a penny. Wow Yeah, that's pretty cheap. Okay, what That's what we got. We got a price right now of buck 39. That's uh, that's pretty good Yeah, and and folks will think You know kind of counter-intuitively like oh prices down 70 from its all-time high at four dollars or whatever You know, I could be buying this cheap But I think the reality is that as these unlocks of the private sale continue to occur It will likely lead to more sell pressure Because they will likely take profits. I mean who wouldn't if you bought this thing for half a half a penny or no half a cent That's a huge win. Um, so I think before investing or doubling down on any altcoin in this environment It's really important to have An understanding of the supply schedule the unlock schedule here as well as the fully diluted valuation and you can find that pretty pretty simply at coin gecko and also mazzari mazzari does a great job of Providing you with a liquid supply curve for various crypto assets. This is axi infinity somewhat of a similar project to gmt In terms of its supply schedule as well as the play to earn narrative You also have layer ones kind of like near protocol that have very aggressive very aggressive fasting schedules. Yeah And then ultimately what I'll conclude with is just showing some charts about Kind of the VC activity and what's occurred in the salamate ecosystem with d5. So basically you have ftx which lists very liquid perpetual futures on these assets um And basically vcs will hedge with the perp futures, you know They'll short on ftx and then they'll just sell as their unlocks occur And it produces charts that are very similar like this is oxygen But if you look at serum As well as radium like these are all assets within the salamate ecosystem that have been hurt a lot by vc unlocks and um Formerly crypto cobane, but his name is kobi now. He did a really interesting podcast recently about How this could have potentially set back salamate d5 for for two years or so because retails get to see these these charts I'm going to be like Is this is there's something wrong like it? I'm not going to touch this Being said, I don't think that is necessarily bullish for the sole token I think there are other reasons why that could be quite bullish aside from just the d5 ecosystem Yeah, and and just for everybody out there There's a difference between the l1 which is solana or cardano or avalanche or whatever l1 You want to throw in there as opposed to the ecosystem itself? I think that's the the big distinction and also just real quick to say is that with these private sales It's like if some of these vcs really believe in the project They are not going to dump all of it But you have to take a look at the projects and do your own research and your due diligence And just decide for yourself But the big thing now is especially in this market is to be careful and as far as like look at all the risks Okay, cj anything else we missed that was great information. Thanks Yeah, the last thing I'll close with is I just think that a lot of how these all coin projects are constructed Is that their supply schedules are built in such a way that demand is supposed to come in in a linear fashion? Right like very few markets work like that Especially crypto demand comes in in rapid periods of time and then you know, basically 70% of the time is kind of a boring wall what we're in right now Gotcha and you know what I think in in bull markets we can absorb that but in bear markets It's a little bit more dicey so gotcha All right And everybody if you want to learn some more and find some more great tips and tricks and things like that There's going to be a link below in the description for mark a rebellion And you can chat up cj and get all the information that he has and more so so cj. Thanks again for stopping by that was great Thanks rob All right, so uh, again, thank you cj for coming on that was fantastic quite honestly And uh, you can find again mark a rebellion, but also I I put in there, uh cj's twitter account So definitely follow cj. You've got a wealth of information And as far as trading and things like that and just the basic info info that you could really go for I just wanted to because when I was editing that video, I didn't do a great job of showing you what he was talking about So just so you know like if you go to steppin as the example that we used in the video the market cap is 833 million 457 201 But the fully diluted value Is 8 billion 334 million price of it and because why it's because there's an unlocking schedule still to come So in the circulating supply you're like is that all that's it's circulating? Well, yes, that's right now It's what it's circulating but the total supply is six billion So roughly, you know, you've got a fraction of what the total supply is because Of the lock up periods and of course, that's why you do your own research You take a look at and go okay one of these lock up periods When when can I expect a big dumping if there's going to be a big dumping again? Like I said if the vcs truly believe in it and it is a really good project Then they'll they're not going to dump everything But uh, you know, they will sell a little bit because they want to get their initial investment back plus some And that's just the name of the game. So let me know what you think about All of that that we just talked about and let's move on to our last piece and we can do q&a for that Only 1% of token offerings had a 10x return pretty crazy, right? And this is from Glawski medium they talk about only and there's a lot. There was like 619. Wow 619 public token offerings this year and just so you know over in dan de gen We've featured three of them and the these are the ones Dan de gen used to be dan clips. I get away at the clips because no one really cared But what they do care about is like super early projects that are just coming in again dan de gen That's a place to lose all your money. Just let you know So I am that's the most risky thing that I can do on this channel. I'm very conservative. Very laid back But over there It's a little bit Like I said dicey and the and the three that we actually talked about were Gensokishi everdome fame and we're gonna feature sweat coin pretty soon because it's gonna be awesome So again, so kishi And these are this was prices on may 21st. I should have pulled the one for a day But it was a 50x I mean from what we invested into everdome We got it in a fraction of a penny and it went to two actually went to four or five cents So right now we're at a four x but when we Should have sold a little bit more We didn't and it was like at a 19 extra somebody that and then the fame and my token That right now is at seven cents used to be at 49 cents Then I went to 20 then I went to 36 then 28 and 20 so right now because the market's down It's it's only a minimal seven x but we did pretty good There's all the videos that you can watch I've talked about this at great length So you can check those out and then if you're looking for the actual links For dan d gen it's in the links in all my description follow dan There's twitter and there's dan d gen and of course the theta account as well And also if you want to get in a sweat coin and try to beat me hint you will not On all the steps then download it right here and that's what we got So look I know I'm in a little bit longer But A lot of good information I like to talk more when it's when it's a little bit more bullish than it is bearish Then of course the awful thing that happened to yesterday in Texas So that's it for today if you got to take off I understand time