 Hello everybody welcome to the Thursday livestream and this was just a little bit of a breaking news that the US government looks like They're gonna sell a little bit of Bitcoin now This is 130 million dollars worth which is really a drop in the bucket It was seen a lot of different selling going on but like I say, it's all cumulative So before we jump into that just want to remind everybody that we did a it was a pretty good show today It was me Ben and Guy did an NFA live show over on Ben's channel in the Cryptiverse a lot of good questions about The macro what's actually happening and I think the the first question was really good But they talked about is it gonna be one chain to rule them all or can we see multiple and that was a As a pretty good episode a link in the description so you can check that out But let's just jump into it and talk about this which I saw before we came in which was the US government Is selling some Bitcoin? So yes, I'm 30 million dollars and I was checking out when I read this I'm like, you know what it's not a big deal because I'm 30 million dollars What is that but remember? You know, it is a multiplier because it's a little bit different It's not just like, you know a billion dollars comes in and then we only go up by a market cap of billion dollars The multiplier almost like a 10 to 13 X because of the way which Bitcoin is set up and structured It's not like gold where you can just say, oh, well, there's you know, there's an increased price in gold Which is go what does it go dig up somewhere gold doesn't work like that. There's a it's not a scarce asset It's a finite asset. So when we see some of this dumping again, it's cumulative This and grayscale and now gox and then some other unknown Black swan event that we don't know about. So is this like the worst thing of all time? No, just something to be aware of was Probably a little bit of price drop. So here's what we have US files notice sell 130 million dollars worth of Bitcoin seized from Silk Road And this is not gonna happen like today as a matter of fact It's actually gonna take a little bit of time the wheels of justice sure do move slow So this is a notice on January 8th in the case of US first Joseph farce US district court. There's your Maryland order condemning and fulfilling the following property of the United States of America It looks like this is Bitcoin approximately roughly 129 million worth plus 3 million for this other piece in Arlington, Virginia But this is where it's kind of goes a little Interesting the United States hereby gives notice of its intent to dispose of the forfeited property in such manner as the United States Attorney General may direct any person other than the defendant in the case claiming interest in the forfeited property must file an ancillary petition within 60 days of the first day of publication which was January 10th and then they can Voice their their dismay against that and maybe turn it around but again It looks like this is going to be sold on the open market. I know This is probably an opportunity for people to actually pick some up some some cheap Bitcoin But as it gets dropped on the market Not a really big deal. However, remember this So we've got this little bit of a sell pressure coming up And who knows if that's gonna be like exactly in 60 days, but remember that We've also got a nice little outflow From grayscale and I'm gonna steal stuff like I steal stuff from them a steal stuff from James or vest answers who does fantastic work on X you should really fall in and the money flow per fund after nine days and It just we can see here James graphs it very well that you've got over, you know $4 billion if it wasn't for grayscale, you know fat we'd be up right now It'd be pretty darn great But unfortunately FTX has to drop off and because they have it like I talked about in NFA today It's kind of like it's like a cancerous selection that they have to dump and purge All of their bitcoins they can pay back the creditors hopefully and in some way shape or form So this is on day nine and they continue to dump Here's actually where we at and this was Let's see and then of course the absorption, but again, we're still I think James puts it in here somewhere He says the bad news is oh, yeah, yeah, yeah The bad news is black rock is slowing down a lot, which is great Our IBIT excuse me so long not so great grayscale Bitcoin outflows are still higher than net inflows to other funds And remember if it is true about the wash trading rule Then it's gonna take them 30 days once they dump that traditional equity wise because it's an ETF They can't buy back in for 30 more days. So After 30 days, I think things are gonna do pretty well Then we're gonna see a little bit of a dump here and people like why is there a little bit of a fluctuation? And now you're gonna know and these are the things that happen good news black rock has She's 45 almost 46,000 assets or management and fidelity has nearly the same. So those are pretty those are Bitcoin That's pretty much locked up in there. So there's that outflow and the government and then of course Mount gox which can never seem to go away. I always laugh at these articles because I've been in since 2017 I remember hearing this that I was gonna they're gonna dump on us any day now and it never happens, but I just thought ah Maybe this could happen in the background So some customers claim that they receive an email asking for confirmation of identity and account details of the mount gox and Solvency case so we'll see if they dump on us But I gotta tell you if they know anything about Bitcoin this would be the dumbest thing they could possibly do And why is that? Goldilocks So we talked about this yesterday. So all this stuff that we said, you know Yeah, there's some maybe some dumping gas and dumb ass and dumb But just remember if anybody knows anything about Bitcoin, this is the time when me personally I like to acquire a lot to accumulate. You don't have to I'm not a financial advisor You can do whatever you want to do But this is what I do is I'm taking a look at this is the time before the having when things really start to Either they will flat now it or we'll have a little bit of a dip into it Which is great if you're a dollar cost-a-verager, but also the projects that are being built and Coming out and resurging these the times to take a look at those projects like we talked about Maddox April 2019 Axie April 2020 Solana April 2020 aback 2020 gala August 2020 Shiba Inu oxwing so like these are the times when things are really in The place of where you probably want to pick some things up because in the next 16 18 months It's gonna be just fireworks So there's that good part and then also I just took a peek here coin desk released that Tesla's Bitcoin holdings remain unchanged. I thought they were selling their Bitcoin holdings But apparently as far as the new filing they haven't dropped a penny So they hold over 387 knowing worth of Bitcoin. That's good. Tesla holds almost 10,000 Bitcoin It's the third large and I didn't notice they're the third largest public hold of the asset behind micro strategy and The mining company Mara which actually holds stock in just a little bit. I was a kind of surprised that third largest public company Also, they did invest 1.5 billion in Bitcoin in February 2020 accumulating 43,000 bitcoins They they chopped off a good 33 33,000 plus as they sold off, but they still kept 9720 on the books. It's interesting. So I like to see that and that could be price appreciation right there Good for Tesla for not doing something crazy. And then as we were talking about the Goldilocks time frame helium helium when it first came out, I didn't I understood it was about telecommunications and being able to open up that sector you could have a a Helium miner and you could essentially create a a hub spot or a Wi-Fi spot in a decentralized manner I thought oh, it's pretty cool But they just didn't seem to pick up steam until they moved over to Solana now there and so on Solana it seemed like things are really picking up so Telefonica partners with helium to roll out mobile hotspots in Mexico and If you're not aware, they actually signed a deal in Florida I want to say it's the University of Florida or Florida State Where it's unlimited talk and text for 20 bucks a month So that's a real deep in as they call it decentralized physical network In action and actually working so when people say a crypto doesn't do anything Well, here's an example of where it actually is so helium's name token is up 5% of the past 24 hours This was actually yesterday just didn't have time to talk about this here. We go So telecom giant this is telefonica in Mexico with more than 20 billion market cap has 383 million customers Operates in Europe and Latin America in 2021 I didn't know it's either helium partnered with internet giant dish as it built out as 5g network Which now is almost 1 million hotspots across 65,000 things 170 countries So they're really crushing it and when I hear about these stories I'm like ah this token must be like way out of my reach because you know, I mean it's actually doing something actually as utility So I took a look and no I mean, okay if you want to look at like three months or something like that. Yeah, okay You got me on that one. I'll take a look at a year. All right. All right, but Check a look at this. It used to be a buck 50 and now it's six. No, it's I don't want all the way up to 870 But check this out. This is what got me kind of excited. First of all total supply is only turned 23 million Okay, that's pretty good and that's and it's already Well, the circulant supply is 143. So, okay, they probably have some unlocks at some point correct me the comment section But what I saw may be interesting was this The all-time high it's 88 percent down from its all-time high when it didn't do squat And now it actually does something as utility and it's 88 percent down Just between us I Bought some helium today because why not are you kidding me? Anyhow, it could be awful, but I just looking that I'm like what the hell is going on? Anyhow, what you think about that in a Comment section. I think that could be a decent play also Magic Eden. This is a slana NFT Marketplace expands the rewards program starting with Solana users if you've ever used this in the past looks like you could be eligible Here's what's going on Ft marketplace magic Eden is building out a user rewards program. This platform said it would retroactively Disperse diamonds to slana OGs on February 2nd Magic Eden debuted diamonds in March 223 often used rewards like lower fees Access to whitelist via the tokens magic Eden users can now earn diamonds by buying selling or making offers to an entire collection of entities. I Don't know if other NFT marketplaces actually do this But I thought was a pretty cool idea like the more that you use the more you get a discount and it kind of works out pretty Well, and it says that this diamond drop is coming February 2nd So I don't know if this is if you get in there and start to use it now or if you believe it be eligible but it says the reward goes back all the way to 2021 and If you've I linked this in the description It's just magic Eden dot IO and it's where you can purchase NFTs on the slana network And if you've never used a slana network for like a dex And you've only used like an aetherian based one like Uniswap you're in for a treat as far as transaction costs Just saying so you can check that out links in the description and that's a That's it for today for the good and bad news as far as like a PSA or public service announcement Just be aware that Tresor had some type of not a hack but some type of like leakage of information So they get something goofy like this in your email dear customer Emails let you know your wallet assets are ongoing undergoing an upgrade and after upgrading infrastructure or template disabling the following networks We are requiring action from our users to re-enable the networks so apparently You're telling me that a hacker Who has all the time in the world to to craft a decent email is telling you that you are going to re-enable the networks interesting Failed upgrade your networks could result to full funds loss again I guess they think that you own all the networks and then there's a stupid Link to a website that'll scam you out of stuff So just stay away from that and that nonsense and that's what's going on Also before we get into a little bit of the Q&A section What's coming up? tomorrow if you're in the Puerto Rico Santorce area I will be buying beers for everybody who stops by over at San Juan smokehouse from Five to eight not all your beers. I mean I can't I can't support all your addictions I mean I'll buy the first round, but you know what I mean So link in the description also if you follow me on x you can get the directions there five dates always fun times I like to people ask me what do we do there? I said well mostly it's me just listening to you tell me about your wins and losses and The things that you do to actually make your sex self-successful. I don't really share too much information quite honestly It's everybody just tell me what they're doing. It's quite fascinating And we swap stories good times Also tomorrow will probably do the new show which will be debuting on x only Where I asked everybody to show me their their best memes and it's pretty good one So we're gonna do a quick meme show it will not be on YouTube just because that's How we do things and I'll do that tomorrow and let everybody know and then also tomorrow I'll be pre-recording a video with coin ledger There's a couple of questions about tax tax services and what that means for the Celsius and Voyager users I did hear your questions And I will have those answered and get those out as we have David Kemmer Who's the co-founder of coin ledger on and I'll I'll get to the bottom of that and then also Hopefully by Saturday, I'll release the video that we shot with me and Ilya founder of near as we go over all the things that they're doing and just how much they're growing And I got to tell you here's gonna be a powerhouse. That's it for today. 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