 and just like the thumbnail and title suggests, it's an interesting timeframe as we move forward in the crypto and digital asset space and really what it comes down to is growth. This is after 14 years of Bitcoin being around. What I'm talking about specifically is there was a pretty good chart that came across the desk and it was addresses holding X amount of Bitcoin by year. And before I get into that, I just like to say that so we've had a nice little mini bull run lately. We've seen that Bitcoin, I think it topped out around 25K not too long ago. Now we're a little bit of a retracement, 24.5, Ethereum and so on and so forth. I don't really get too big into the price action because I know where things are going. I think I know where things are going. I don't know 100%, but I think I know where things are going. And one of these charts just kind of reaffirms that. So what this is, is this is a chart from look into Bitcoin. And look into Bitcoin is a pretty great website. It's 100% free, it has high quality charts. I use it all the time. I steal as much data as I possibly can, but it's free so they don't mind. And one of this, this comes out, I don't know if this is new because I've never seen it before, but it takes a look at the amount of Bitcoin wallets that have grown over time. And it starts here in, well, if I can pull it over there. 2010. Actually, Bitcoin was created January 9th, 2009. That was when it was first came to light. And so we take, let's see, can you believe it's been 14 years? 2009, 2000, that's January. 2010, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22. Well, okay, 14 years and some change, I guess. But it's amazing how fast time goes by. And this right here, again, not to get sidetracked, but we're taking a look at wallets. So before I talk about this, just know that wallets can be manipulated, okay? So if I had one full Bitcoin, I could break our 10 Bitcoin or 100 Bitcoin or how many Bitcoin I have. I could break that amount of Bitcoin up into multiple wallets across multiple cold storages, across multiple exchanges if I really wanted to. And you would get a much higher amount. Now, does this happen all the time? Probably in some way, shape, or form, but does it happen to a massive extent? Nobody really knows, because this is on-chain data and what it is. But what I'd like to see are these numbers. And when we're taking a look here at the very top here, it says greater than 0.01. I wanna want you to notice is that the general trajectory of the Bitcoin wallets that have been created with greater than 0.01 Bitcoin. And you can see very clearly, it just goes in one direction. 66, 240, 378, 10, 1.3 million in 2014. Imagine, one point, that's it. And then over here, there is two things to know. This has happened from greater than 0.01, greater than 0.1, and greater than one. The general line is straight up almost. There are two exceptions. And the exceptions of where it's only gone down is twice, twice. And it happened here from 2017 to 2018, 0.01 of Bitcoin wallets. It actually went from 6.8 million to 6.5 million. So, okay, about 300,000 or so, nothing too dramatic. And the other time that it happened was in 2020, 2021. You had 830,000 Bitcoin wallets with more than one. And it dropped down to 820,000, 2021. Those are the only two times it has decreased the amount of wallets. But we can see here, I find it interesting though, that in 2022, the most bitter, I gotta tell you, 2022 was brutal. It was a brutal year for the markets. I mean, I didn't have to, class of 2017 didn't have to worry about the massive amount of rug pulls, the FTX, Voyager, Celsius, BlockFi, shenanigans that were going on, and you guys did. And I'm surprised how well we've actually held up. So, 2022, 2023, they're still roughly the same amount, 980,000 of Bitcoin wallets, more than one. 2022, greater than 0.1, 4.2 million wallets, 4.2 million wallets. And actually, less than, or greater than 0.01 minnows, people who own just a little bit of Bitcoin, actually grew by a million wallets. So, I take a look at this and I hear all the stories about how people say, well, you know, crypto can go to zero, Bitcoin can go to zero. I'm like, I don't think it's gonna happen, quite honestly. But hey, I could be wrong. And there's also a couple of little bit more pieces of data that I found interesting because when I think about wallets, I'm always thinking about, there's a website into the block. This is a paid website. I don't have a link for it, but you can find it. It's just app.intheblock to verify this data. What I want you to notice is an interesting little piece here. See where it says in and out of the money and the break-even price? Also, I want you to notice, I just want you to focus real quick on this green bar and the red bar. And before I get into that, in and out of the money are holders making money at the current price. What that means is this, burning address with a balance of tokens, whether those tokens are Bitcoin, Ethereum, whatever else. In the block identifies the average cost at which those tokens were purchased and compares it to the current price. If the current price is greater than the average cost, address is in the money. Current price is less than the average price, it's out of the money. And there's two things we're gonna look at. In and out of the money and the composition by time held. You know that for Bitcoin, 70% of people who bought Bitcoin, and no matter what it is, 0.001, 0.011, whatever, 10 Bitcoin, they've held it for a year or more. I find that fascinating. I find that brutal, brutal market. But anyhow, let's go back real quick. This is what I want you to focus on. With Bitcoin, you got like 70%, was it 70%? Yeah, 71% of people earn the money. Only 27% of the money. Well, obviously we hit around, what, 69,000? Now we're at around 25,000. A lot of those people sold, or some people sold. You know, as we can take a look at composition by time held. But the ones that are just sticking around, you got a lot of people who are actually in money and they're still holding on. Ethereum, pretty much the same thing. Take a look at the red, take a look at the green. A lot of people are still in profits and they're not taking profits. Fascinating. Ted, they're a USD. Look at Cardano though. It's getting crushed in and out of the money. Does that mean that that's a bad thing? No, it's not. I mean, it's awful. It just means a lot of Cardano holders are just not into money because they probably got in a little bit late and they're just waiting around. Look at Polygon. Polygon is almost, I think it even beats Bitcoin and Ethereum. There's a lot of green there. There, and of course this gray space is there at money. They're not really in or out. Dogecoin, actually holding up pretty strong. Sheba, you know, awful. Litecoin, actually looking pretty good. You know what's looking awful? Avax, Uniswap, Chainlink. Look at Chainlink in and out of the money. That is brutal, just brutal. And then also I'd like you to notice one thing. OKB. OKB is the centralized exchange token and I think it hit an all-time high because everybody's in profit. Would make sense, right? I could be wrong, check me in the comments. But there is also a couple other ones. Look at Algorand. How much is that out of the money? That is just huge. Just makes you think about the products that are there. Does that mean that they're awful projects? No, just means that there is not in or out of the money. And then lastly, just to finish this up, I just want to show this thing, holder's composition by time held. Again, going back into the Bitcoin notes, 70% have held Bitcoin over a year for all the wallets. That's pretty good. Ethereum is even better than that. 71%, that's pretty darn good. Cardano, not that great. 47%, 45% out of the money, or 45% one to 12 month, excuse me. 8% less than a month. And Polygon, about the same. 46, 49 and five. And there was one more thing. Let's see if I can bring this up. Yeah, there's one more section I'd like you to note before I move on to the OpenSea story, which is if you take a look at, there's this thing called whales right here, or concentration. If you take a look at the top 10 of the whales that are out there, there's only one whale that owns roughly 1% of Bitcoin. One, that's it. That's as decentralized as you can possibly get. I mean, close. You know who's second-closed? Cardano. At only two whales hold 4%. We take a look here at Ethereum. Six whales or six individuals or six entities own 23% of Ethereum. Tether and USD coin or stable coins, whatever. Cardano's good. Binance USD. Binance USD. That's weird. Binance USD, five entities own 90%. That's not good. That's USD. Polygon, 69%. 12 individuals or entities own 69% of polygons. That's not good. Which one is the one that sucks the worst? I don't wanna talk about 99%. 64% Lido Dow, 55%. But you get my drift. Bit Dow, 93%. So when we take a look at these factors, just take a look at everything. But I just found it interesting that we had this concentration, the amount of time that people are holding on to it and then just how things have progressed as time's gone on. Anyhow, let me just think about that in the comments section and let's move on to just the general news of the day. Ave. And I don't know how I feel about this one, but Ave has the proposal to freeze the USD or the stable coin for Binance. And it looks like everybody's gonna pass or they're going to approve it to go through. I know in crypto, we try to talk about how, we shouldn't freeze anything. We just let the market disciple, it looks like it's happening, but again, they're going to freeze BUSD. And the reason for that is of course, the SEC came down on Paxos and BUSD, the stable coin because they're like, hey, we're gonna like what's going on here. So here's the article. The proposal suggests Ave switched to a different stable coin because this one's going to zero because Paxos is, they said they might fight this or they will fight this in court, but it looks like everybody's just writing it off as dead. The inability to mint new BUSD might hurt the peg arbitrage opportunities and asset peg. It seemed that the most reasonable path for Ave is to freeze this reserve and invite users to switch to another stable coin among the diversity present in Ave. Well, I can get with that. And then the proposal says there's no real prospect of growth adding that the stable coins circulating supply will eventually go towards zero. So even if Paxos comes out and they start to sue the SEC and fight it in court, it looks like everybody's like, we don't want to deal with it. Let's just move on. And then how do the markets react? Not a blip. Here's the Ave price chart. Today is the 19th, look at that. And actually went up a little bit, $94. Then it came down to $9. So not big movements. Well, actually from yesterday, whatever. It's negligible. So let me know how you think about that or feel about that in the comment section. And last piece, again, NFTs, which I think are gonna be the future. Open C, one of the biggest marketplaces for NFTs is going to drop fees, cuts, create a royalty protections as a rival by the name of Blur comes out of nowhere. So this is what's happening. Open C announced today it will temporarily eliminate its 2.5% fee on sales. That's pretty good if you're in NFTs, go buy some up as well as cut down creator royalty protections as it attempts to whether a rapidly changing market. Open C tweeted that it will only enforce a 0.5% mandatory creator royalty fee on NFT trades for projects that don't have an on-chain enforce method. This is one thing I was not aware of is that the creators, every time an NFT gets sold, they keep getting revenue from it. I thought it was just the one and done, but I guess it was not informed well enough. So it states here a creator royalty is typically a 5% to 10% cut of the sale price paid out of the NFT creator initially. It's how NFT projects generate ongoing revenue following the initial sale of tokens. So it looks like they're getting royalties and royalties, I guess it'd be the same way as if an artist, let's say, you know, Mariah Carey comes out and has a song and then somebody else uses it and somebody else uses it even though they buy it. I guess that's one of the ways it is. But it'd be like almost like art. Like if you buy a like a basket or a Banksy, it's not like Banksy gets royalties every time it gets sold, he gets the royalties or he gets the royalties when it gets sold one time. It's just interesting how different things are done. And then finish up here, it's interesting. OpenSea pointed to on-chain data showing that about 80% of NFT trading volume today is made without some type of creator royalty included. So this'll be interesting when we do the Q&A which you're gonna get to in two minutes. So start asking your questions now. The question is, do you think that's right? Should the creators keep getting 5% to 10% on every single sale moving forward or should we cut that down and be like, no, it's one and done and take some hits and bench? I don't know, that's why I see it. And lastly, I just wanna give a shout out to everybody who helped me out and stopped by. We do shelter dog walks over at Amigos de los Animales over in Luisa, Puerto Rico. And we take the, we get as many people as we can and we walk the dogs for an hour onto the beach and it's like a meetup and we talk crypto and then afterwards I buy everybody breakfast. So thank you to the warriors that should, the weekend warriors that showed up and helped me walk the dogs because they're in shelters and, you know, sucks to be in a cage for weeks and months before you get adopted. So thank you guys so much. And then lastly, this video is coming at you. I, not really, Freddie just reached out and said, hey, Rob, I'm doing a promotion. Can you talk about it? Sure. So Shieldfolio, you know that book that I'm always talking about to put in your mnemonic phrases that you don't lose your stuff, they're having a sale. And I think it's like, you get like two for like 70 and if you use the code Danny, like 20% off or something crazy. So this is the book that I use. And remember, I mean, you don't have to use it but I always remind you that if you're putting them on like some pad and paper and throwing it away, I did that too. I lost 20,000 cardano and I'll never forget it. So I always use this thing because it's water and tear-proof and I've got a couple of them. Actually, no, I got like three or four now and I keep all my mnemonic phrases in there. So if something happens, I can get my crypto back because that would suck if I didn't. And that's it for today. So look, like today's video, give it a thumbs up, consider subscribing, all that great stuff. If you got to go get out of here, it's Sunday, go relax, enjoy the family, get outside if you're in a nice place. But that's it. Now, if you want to stick around, we'll talk a little Q and A and answer all your questions. So the best of my abilities and we'll go from there and that's it. And I will make one comment in a second. Okay, the comment is this, is I know that we're in a bull run because this guy's back. No, he's kidding. Not Fezzik. Ha ha ha ha. One mullet is back, everybody. This guy's too.