 Great. Welcome to the last set of news. I got top sellers in crypto and a big amount of bite size pieces. So today, just the thumbnail and title suggests we're going to take a look at exactly what's going on with the crypto market. And while we took a little bit of a dump or a pullback, where we want to call it. So we'll take a look at, first of all, the market itself. Then we'll take a look at a little on chain data, just to get some insights as far as like what is going on because it's interesting exactly where we're going. So we'll take a look at the things that we're talking about, which is regulation is pushing this agenda and really is pushing the market. We're going to take a look at two examples, India and everybody's favorite politician, Janet Yellen. And then also, I want to finish up with a little hopeful news is this politician here has an excellent plan to pitch Bitcoin into the forefront. And lastly, we'll just do a quick five questions in five minutes or Q&A at the very end. So hold all your questions until the end. So first of all, if you're for the live stream, welcome, come tough to wake up or wherever you're at and take a look at that market and go, you know what, today's going to be a great day. But it is what it is. Market goes up, market goes down, doesn't really matter. It does matter. It does matter to some people, and especially right now in the short term, the long term things always look pretty good to me, but right now, not so great. So real quick, if you're here for the live stream, welcome, appreciate it. If you're here for the replay just knows there's time stands below so you can skip ahead do what you want to do. And then of course, we do Q&A at the end. So 15 minutes for the news, five questions for the questions and off we go. Let's get to it. So first things first, the market sucks. Market sucks, the market's been sucking for a while. If it hasn't been boring going sideways, it's been doing this, which is doing nice little pullbacks. And you know, we've been talking about this over the last couple of days or so. I've been saying on the last two videos have not been very bullish, we will say. But it's just what I see. It's just the data that's out there. And we take a look at a bunch of different things. We've taken a look at the market regression. We've taken a look at logarithmic charts, fair market value. We've taken a look at on-chain analysis, and it's just not looking that great right now. And then also, the fact that I cannot spell major bank predicts, but that's okay. I mean, we've seen the things that it looks like where it's going to go. I don't know where things are going to go specifically, but it has not looked too good. And today it's in full swing. So Bitcoin's down almost 5%. Ethereum's down. I don't need to tell you this because you already know. I know you've looked at your portfolio and you're like, damn it, that sucks. And that get worse, I'll be honest with you. And that's just the truth. Might get worse, I don't know. Bitcoin might go to a million tomorrow. Who knows? It's crypto. But the things we're going to take a look at does not point to a fantastic near-term positivity. So we went below 2 trillion, thought of what happened. Here it is. Also, remember, we're pretty much tethered. I feel like we're tethered. And a lot of people talk about this to the traditional markets. So the traditional markets take a little bit of a pullback. We take a pullback. Not so much in the S&P 500, even though it's important to look at, you know, toward S&Ps down a little bit, but more so the NASDAQ. Because everybody's treating crypto like software, like a stocks. Even Kevin O'Leary says that cryptocurrency is a currency. It's just software. And in that respect, he is right in some ways. But this is what's going on with the NASDAQ and the SAP. They have a pullback. We have a pullback. And that's just what it is. So real quick, let's take a look at some more on-chain just to see what's going on. And this is the basics. This is from CryptoQuant. It's a great, easy-to-use on-chain analysis platform. I think there's a link in the description. If not, I'll put it in there. But it's CryptoQuant. And I'll always pull this up because I like to use it. It's got good information. So we had talked about this in a couple of last videos, actually the one that looks like this. Now, when I had said, hey, it's kind of weird that we've got miners starting to sell a little bit more. Look at that spike. Let's blow this up so you can see it. See that spike right there? What's going on? Well, electricity is an issue, right? People got to pay the bills. So that happens. Also, someone had told me that there was an issue with A6 miners and buying new stock. So that could be it. So yeah, so a little bit of a sell pressure there. If you take a look at all exchanges, yeah, Bitcoin's getting taken off. Yes, Ethereum is getting taken off. So yeah, okay. Taker buy volume, all right, fluctuates with the markets. But this, this is the thing that always concerns me. I know people are like, ugh, guy in his dead horse is going to beat this down. But it is a thing. It's leverage ratio. I don't care if you trade on leverage. I don't care. But just know that, I mean, it really does affect the market. And anything above 0.2 is pretty damn high. You can take a look at this. This is the exchange open interest divided by their coins reserve, which shows how much leverage is used by users on average. Anything above 0.2 is extremely, they say, is high. And we didn't really have too much of that before October. And after that, it just kind of really just took a big spike and then tell everybody I liquidated, then it went down. And now here we are again, going to an all-time high. As the price goes down, here's the thing. If you take a look at liquidations over time, and we've been talking about this again in the last two videos. Here's who got liquidated today, about 254 million worth of longs. For whatever reason, people are like, it's going to the moon, okay. And then of course, the short's 21. They didn't really play it out that well. But if I always take a look at this, I'm like if I was gonna short or go long, I gotta tell you, I would probably short, because it looks like the shorts have a little bit better time than the longs. Now I'm not a trader. I think we can all agree there. Just not, I don't really talk about it too much, I don't trade. In dollar cost average, I pick my spots and I just wait for the long term, I see things in five-year blocks. And this is going to continue. And of course, for the leverage, it's gonna make things a little bit more volatile. Do whatever you want to, I'm here for the long haul. I'm just having fun. And then also if we take a look at, this is a coin glass. Take a look at who's shorting, who's longing. Well, last five minutes you can see where things are going. As far as the market goes, it looks like they think, whoever they are, that yes, we are, we're gonna go lower, that's what it is. That's over five minutes, let's take a look at 15. You just start to even out as we get closer. Still, it's still more, jeez, 73% on cracking, all right? About four hours, all right, a little better. 12, let's take a look at last 24 hours. Which is somewhat indicative, still, people are shorting. So that's what we have as far as that. And then also, I just wanna bring up, this is from Ben's website, I love this site. There are some, if you wanna get into it, there's a link in the description. It's not an affiliate link. But there's this section called risk, and I'm always talking about it. I can't show it to you, because it's for paid members. I'm a paid member. And I gotta tell you, it really puts things in perspective. But if we take a look at just the market cap and trend line, again, if we blow this up, if we're taking a look at fair value right now, you know what fair value is for our market? It's 1.57 trillion, hold on, that's in 15th of April, excuse me. 11th, yeah. The fair value is 1.5. Total market cap right now is 1.87, end dropping. Upper band is 9.6, we're not gonna see that anytime soon. Lower band is 475, I don't think we're gonna see that here. But just know that we're a little bit, according to this, overvalued. Now is that awful? It's not awful. It's awful if you sold your house and kidney and kids and bought a bunch of Bitcoin, but it's not so awful in the long run. I just wanna make, just note, let's see this trend line as far as fair value, it continuously goes up. And even in September, we're at 2.0, October, December, 2.2, 2.3. And we could see another up into 3 trillion in about a year or so. So even if it sucks today, and I gotta tell you, this is not the market to be like, oh, I'm gonna be a billionaire tomorrow. This is a longer play. But it's a lot shorter than going into something like even real estate. Real estate, property, S&P 500 and those types of things. It is a little bit shorter, but it did a lot more volatility. So that's what we have as far as the on-chain data and the insights there. Let me know what you think about that in the comment section. But this is the next part I've been harping on. And I take a lot of heat for it, and it's about regulation. And I'm telling you, and I'm gonna tell you again, I think that regulation pushes the agenda. And if we can get it right, that we can really push this market. I'm gonna tell you the exact opposite of what's happening because of regulation, which leaves me to the clown news. Don't take yourself too seriously. You're not gonna make it out. So this is what's going on. So right here, crypto trading volume in India collapses 10 days after new taxes. As much as 72%, I didn't know it would collapse this much. I thought it would be a little bit of a pullback, but yeah. And India is not a small place, about a billion or so, give or take. So this is what's going on. Volume for Indian exchanges revealed that there was a drop of 72% on ZX, 59% on Zepay, 53% on Coin, DCX, and 41% on Bit, BNS. Why give that a second? April, one and two and three were holidays. I don't know what the holidays were, if you're from India, sound off, I don't know. Since then, volumes are continuing to fall. I just don't think this will return. It can go further down on sideways, but it's unlikely to go back up. The government must look into this, and because there is no way to stop this crypto, this issue, the government should embrace the technology. So what is going on? What the heck happened? It's the taxes. If the taxes silly, and what did it happen? This was an article, they talked about this on March 25th. March 25th, 2022. It's amazing how accurate these people actually predicted it. And what it says here, it says, Indians will begin paying a capital gains tax of 30% on crypto transactions in just one week at the problem past a controversial tax proposal on Friday, which is, that's something, sparking an uproar and disappointment. In addition to the capital gains tax, Indians buying or selling crypto will have to pay a 1% tax deducted at source, or TBS, as well as tax on crypto, gifts, and so on and so forth. And it takes some facts on April 1st. And I was like, well, that's gonna be bad, but maybe it won't be so awful. But here's the thing, they predicted it, a lot better than I could. And more than 20 members of the lower house of parliament reacted strongly to the bill, criticizing the lack of clarity and the finding crypto in the bill with several members of parliament saying that the crypto taxes will finish the industry. Let me say that again, the crypto taxes will finish the industry. And this is what I've been talking about for a long time. The clowns out there that don't understand it, they're gonna regulate it in the wrong way and they're gonna lose a lot of the foothold and they're gonna let this innovation pass them by. And that's okay, that happens. China, I wanna say thank you again for banning all the crypto miners and bringing them here to Texas. I appreciate you for doing that because that was a great job creation opportunity and allowed the hash rate to actually increase. And of course, it allowed the US politicians to go, wow, maybe we should get on top of this. So again, China, thanks so much. India, if you keep banning it, and of course there's gonna be a vacuum, or the people will pick up your slack. I feel sorry for the Chinese people and Indian people. I really do. But I can't help that. But it is a warning sign to the politicians right now of what could potentially happen. So here's some good news about what that could be. This was a great piece right here. This is Kathy Wood, Mark Investment at the Bitcoin Conference. And she said something very interesting. I didn't really think too much of it until today. And it's about 45 seconds. And I'm gonna let her tell you, because she is privy to information that me and you will never know. Because I can guarantee you, she talks to higher net worth value people than we usually do. And it's probably behind the scenes, privy to information we will never understand. So let me, first of all, stop the screen. Let me share the actual tab so you can hear it. And this is about 45 seconds or so. I'm gonna mute myself so you don't have any. So a year ago, roughly when Janet Yellen was appointed Treasury Secretary. I remember her first comments about Bitcoin were money laundering, nefarious characters, environmentally damaging. And then two weeks ago, someone's whispering in her ear, and we talked about this. You think it might be Gary Gensler. There is someone whispering in the ears of politicians. If you want to lose, if you want the US to lose out on this, one of the most amazing innovation platforms of all times, you keep talking like that. So she has changed her tune. So I'm very positive here. And of course, we're meeting people from around the world, just met from Honduras, Mexico. I think the movement is spreading pretty quickly now. Yeah, so I gotta agree. Now that could be a little hopium, but it doesn't make a lot of sense, doesn't it? And it's just like what we had talked about. I still believe that regulation will push the agenda. Now, how much it remains to be seen. But I like the information that we just got right there. Looks very positive, and especially going on in the long term. So today, not a great day. Again, if you leverage and got wiped out, sorry, try again. And hopefully it works out. And that's what lead me to my last point. I know we've gotten kicked from the teeth the last week, but let's land on a little good news. This is a politician who has an excellent plan to push Bitcoin. And I have to tell you, if this guy isn't a presidential candidate, I'll be shocked. This is Mayor Suarez. And he outlines a vision for Bitcoin America. First of all, look at this guy. Does this guy not look like a politician? Look at that. Look at that. Look, handsome guy, Miami, great states, Latino. If he just picks up a cranky old white guy as his running mate, he'll probably win. So this is what we got. Mayor's vision of Bitcoin America. And he states it pretty simply. I need to articulate a vision for this country. The vision is simple. I call it vision for Bitcoin America 2024, and he explains it in three points. The first is we need to elect pro-Bitcoin candidates. And yes, the next president of the United States has to be a pro-Bitcoin candidate. I'm telling you this guy's going to run. Because what's at stake is federal legislation that can either propel us into the next generation or can set us back. There's one thing the US should never do. And I got to agree here. It should never agree on anything with Russia and China when it comes to Bitcoin. CBDCs, I don't know if that rings a bell. The second thing we need to do this year is we need to integrate Bitcoin into every aspect of our society, every fabric. We need to make sure that you can go into convenience store and buy a Snickers with a Satoshi. And thankfully, Jack Moller just did that as he partnered up with the different points of service or points of sales services, as well as Shopify. So you can do that right now. Matter of fact, you go to Walgreens and use Lighting Network. You can use CVS and go to McDonald's and all that stuff. The last thing we need to do is this. We need to unleash the macro power of Bitcoin. Bitcoin has the power to democratize and create wealth for the unbanked and for the poor in our community who are getting designated by inflation and government spending that has gone rampant. And just so you know, just because we're in America, the percentage of people that are actually unbanked is over 10%. Let me say that again. The percentage of unbanked people in America is over 10%. So it's not like just because we are first world country and economically well debatable, not doing so bad. We still have unbanked, a little bit less than other people. But yeah, I can totally see exactly where it's going. So that I think is a really good plan. Hopefully you can pull it off. Again, today, not the greatest day, but when in doubt, zoom out. And that's it for today. So look, if you like today's video, give it a thumbs up. I'll consider subscribing. Lastly, we'll do five questions in five minutes. And if you got to take off, it's OK. But right now, let's get to your burning questions and go from there. Thanks so much. We got to take off. All right, Tay. So Barracks' Bitcoin Volatile makes it a horrible payment method. So I got to make sure everybody knows about this. Here's the first question. When Jack Mahler's, and just do a Google search, Jack Mahler's Miami Convention, he explains that there are five points of an operation when you're doing a transaction. So let's say it's me and Barrack here. Me and Barrack, it's me, it's Barrack. It's my bank, Barrack's bank, and the processing card, whether that be Visa or Mastercard. And that's the rails. So for Lightning Network, it would be then me, Barrack, no banks. And then the card network wouldn't be a card network. It would be the Lightning Network. So what you would do is you would take dollars, euros, rubles, whatever the hell it is, I don't care. And I want to pay Barrack. And it goes onto the Lightning Network, gets transformed, and then before it hits Barrack's account, it can be whatever you want it to be. It could be Bitcoin, or it could be back into dollars. So there's no capital gains tax. You're not selling Bitcoin. It could be whatever you want it to be. And the Lightning Network makes pennies on the dollar, pennies, pennies, pennies, not like 3% plus 40 cents transaction fees, which is what they charge, Mastercard or Visa, I know, damn, businesses charge that. And there's no capital gains and there's low fees. So I hope that makes sense. But yes, using Bitcoin, just as Bitcoin as payment, it sucks. But the Lightning Network, not too bad. I'm gonna actually run a note in these days. I'm feeling down better called George, yeah. Second question, hey, Rob, how would you allocate a 10,000 Roth? I trust Caval can't be opening one day. Well, first of all, you gotta know that, first of all, this is a great segue. Allow me to shill a little bit, as I shill Shillington. So see that thing above my head, open a crypto IRA. You gotta tell the 18th to open up one of these and you can put in up to 6,000 or 7,000, depending on your age, per year to your crypto IRA. Why would you do that? Well, do you know how, do you know Peter Thiel? You ever heard of that guy? Kind of a big investor, right? What he did, what he took all his PayPal shares and he stuck them in a Roth IRA when they weren't worth a squat, and then they appreciated it so much because he knew he was gonna appreciate it. And now it's worth $5 billion. And guess what? They were gonna Roth IRA and it appreciated because it was below that $6,000 per year segment that he could donate to, or that he could allocate to. That means that when he takes out that $5 billion, guess how much his capital against taxes are? 0.0%. So to answer your question, Slayer, first of all, I would call the Roth IRA people. I mean, the ITRUS, link's in the description. Check them out. And just say, hey, I wanna open this up. How much can I do this? Usually it's gonna be six or 7,000, won't be 10,000. And if you had to allocate, me personally, what I allocated was a lot of Bitcoin and a lot of Ethereum. And then down the road, I went. I actually showed you one of my other videos. I do have golden silver in that Roth IRA just so everybody knows. Crazy, right? But, and then a couple of different cryptos. And also if you open up one now, you can donate $6,000 or allocate $6,000 for last year or 2021, I guess. And then on the 19th, you can allocate another $6,000 if you wanted to. And then who knows what it'll be later on. So that's a long answer, but I had a shill. And there we go. Yeah, and this is a great, greedy income overtaxing itself out of money. Yeah, and even the finance minister forgot her name. But she's like, hey, at least we didn't ban it. So pay her 30%. Okay. Here's a good question. Hey, Rob, great show as always. I was like to ask your opinion on cornucopia's. Have you bought some of their tokens or NFTs? No, but cornucopia's is a NFT play-earn type of game that's built on Cardano. And I really need to do a deep dive on them. They look very promising, just because I like Cardano. I like a lot of things. And I don't know which one's gonna be the big winner, but it looks to be a pretty good one. And as time goes on, who knows? So I'll do a deep dive at some point. Yeah. Yeah, David says it right. Actually, they lowered the limits. So it used to be a limit of you had to start with $2,500. I think now it's only like $1,000 to start. And you know what's also great about iTrust? There's no monthly fees anymore. It used to be 29 bucks. Now there's no monthly fees. Pretty good. And also, I don't know if you knew this, but within your Roth IRA account, you can trade. Well, it's a 1% fee to trade. But let's say you think that Bitcoin's gonna bottom to 20,000, whatever. So you have a couple of Bitcoin in there, whatever, and you say, okay, I wanna sell all the Bitcoin in my account, that's up to you, or my Ethereum or whatever else it is, put it into cash and it can just sit there and then you can roll it back into any crypto that you want to when the price goes way down. Maybe you double up. And there's no capital gains if you trade within your Roth account. And actually, in the link in the description, there's also a video where I explain exactly how I'm using the Roth IRA. So just check out the video. Ha ha ha. Question number four is a great question. Hey, Rob, why does Sailor say not to spend your Bitcoin? The Mahler says, buy coffee with Bitcoin, confusing argument. So again, if you understand for like lighting network and things like that, you don't have to use your Bitcoin to buy things. You don't have to. And you can use whatever you want to. But if you wanted to, you could, and it's okay. I think for Jack, when he talks about these things, he's like, well, he goes, you can buy coffee, you can buy, and it's just a little bit, right? I think with Sailor, first of all, between us, Sailor's in a different universe than most of us. He's a billionaire, right? I'm pretty sure, well, not he's a billionaire, but his company does pretty well. And I think when he's talking about the different options and things that you can do, those are strategies that we won't do. Now, to take out loans and do different things, I've done that before, works out pretty well, but I don't like take out a loan because I don't want to sell my Bitcoin. I take out a loan, I do things with it, but the things that I do with it, help me to generate money. Whether that be investment into like a property or investment into my Amazon business or something like that, that will make money. I don't take loans out to buy Lambos. That's stupid or whatever else. So you have to understand like, Sailor's like, don't sell your Bitcoin. If you have to do anything, just take loans against it. That's an option. And Bitcoin miners have done that. But remember, you have to make the money work for you. On the other side is Jack Mahler is going, yeah, use a little bit, but remember what businesses are they in? Jack does a lot of things, or Jack. Mahler has a lot of different things with payments and Sailor does a lot of different things that is just about buying and holding. So of course, if you're a hammer, everything's a nail. All right. Yeah, Puerto Ricans are citizens. That's where I live. Not right now, I'm here in Texas for a little bit. What, do you? Last question of the day. Actually not the last question. I'm gonna take one more. Do you plan to do any more price prediction videos? Yes, I'm gonna do one right now. You ready? Here we go. So my price prediction for Bitcoin is between, hold on, I can't find it now. I don't wanna click on something I can't show you. There's this chart that Ben has and it says Bitcoin's gonna be between 19,000 and 170,000. So that's my price prediction. Look, price predictions are scary because here's a prime example. I did a price prediction on Voyager, the VGX token. And I did that prediction, it was a 29 cents and this was on January 7th, 2020. You can go take a look. That was 21, excuse me. And I said, that thing's gonna go 30 bucks. And it went from 29 cents to seven bucks in 30 days. And people were like, well, it's gonna go 30. I thought, well, it might be, but remember, take profits. And then I went down and people were like, Rob, you're an idiot and I lost all my money and da, da, da. Look, I'll never do that again because people don't know how to take profits. So yeah, somewhere in between those. I can't tell you when to take profits. I'm not a financial advisor. And that's it. I can just tell you I'm here for five year clips. One of my five years, almost 17, 18, 19, 21. Yeah. So now I'm gonna take another five years. So I made all my money just dollar cost averaging from 2017, 18, 19, 20, 21. And I'll do it again this year or the next five years. That's what's up. And then there was one more good question. Hopefully I can find it. Oh, well, two questions. First of all, someone said, is it, it seems like it's very hard to get into play-to-earn games. I'm gonna do videos on my second channel, DGen Dan, Dan DGen. Where I'm gonna talk about three different projects. One is a project for a European MMA outfit which is gonna be massive and they're gonna be a play-to-earn game. The second one is a game that the group picked up the intellectual property rights of the top game from 2012, 2013 on mobile. And the next one is one of the biggest games in the 90s is gonna come into on play-to-earn. And it's gonna be, it's a fighting game, one of my favorites. So I will let you know over on DGen Dan channel. Links in the description. And then lastly, can you make a video how to make a loan on your Bitcoin to get a property? Yeah, it's pretty simple. So if you, it's not right, let me do this. There I am. If you do a search for digital asset news and Anthony Scaramucci, there's a video I did about two months ago and I showed you how we bought the house in Puerto Rico through, because we had to pay 100% cash. We couldn't get a loan because it's impossible in Puerto Rico just about. So we talked about how to take a loan through Celsius, how to, and taking profits and everything else. And I just go through the whole motion. So go ahead and check that out. I didn't link in the description, but you can just do a search and there it is. So that's it. Look, we're coming up in 30 minutes. That's our time for today. I don't like to go too far because I are too long. I know people got stuff to do. And that's it. So look, that's it for today. So if you like today's video, give it a thumbs up. Also consider subscribing. I know you're talking about our very time sensitive, especially coming up. And that's it. So I appreciate you coming by and I'll see you on the next one. Adios.