 Welcome digital asset news. Take a top stories and cryptocurrency digital assets and break them down to bite-sized pieces today We've got some more great news and the good news just keeps flowing first up Paul Titter Jones says he likes Bitcoin calls it a great portfolio diversifier to protect his wealth And that's not really the big story the big story is what he said on squawk box was where he said that he has put 5% of his total portfolio into Bitcoin and if you don't know Paul Titter Jones I'm gonna tell you he is a legend and we'll get into the whole story in just a bit on top of that We're gonna take a look at world mobile token is finally launching on June 15th They're the ones that have the integration in those small villages sub-Saharan Africa and looks like they're also been working with the Tanzanian government and Lastly, I just want to do a quick piece and talk about what we talked about yesterday Which is how I thought that the Bitcoin mining shut down in China was actually fantastic news for the global community of blockchain and How that relates to what is going on right now with Alibaba founder Jack Ma and how the government is just Basically destroying him so we'll take a look at all those things but first let's take a look what's going on the market today Hey, it's a good day. Look we're almost at 1.7 trillion It is June 14th around 10 a.m. I'll pass with Texas time and Bitcoin is up $40,000 to over $40,000. What the heck happened? Well first of all Just like we talked about with world mobile token The president of Tanzania came out and says we have witnessed the emergence of new journeys to the internet My call the central bank is to start working on that development. So essentially they're calling up the central banks going we want Cryptocurrencies here in our countries and this just goes along with other countries in Central America such as Al Salvador Paraguay some different other countries that are looking into crypto Bitcoin primarily, but this is good news So we have that the paul to Jones So we're gonna get into a bit and some car salesman said something about accepting Bitcoin at some point whatever So that is what is going on there. Let's take a look at the overall prices real quick. What is going on? Bitcoin now Ethereum's up. Everything should be up pretty much except for stable coins, but they're stable who cares Polkadot 12% who are the big winners? 17% for chain like wow watch out 9% for VeChain 5% for Tron 13% for Ave. That's good that that projects a good project and then just keeps lagging So I'm glad to see it catch up 25% for amp So remember when we always were talking about the dip and everybody kind of most Some people kind of freak out a little bit about it. If you're watching this channel, you know what I say I say look just a dip not a big deal Good good idea is maybe to look into buying a little bit like I do every single time then just go from there So if you bought the dip and just held on it congratulations It's a it's a great profitable day And I think the best days are ahead of us and also if you're a trader I'm not really much of it, but over at Trader Chain they can break down. Holy smoke sentiment. What the heck is this? I'll tether Yeah, tether. That's not gonna do much green power. Look at green power balancer horizon and ocean protocol You're looking at what the heck 260 now these are not enough tweets don't look at those 92% for horizon ocean protocol and kava 92% 60% 53% over the next hour These are risky plays but Again, what I look for in sentiment analysis if this says not enough tweets I don't mean to look at it go down a little bit farther and see if there was a pump beforehand So we'll see how that goes. Anyhow, let's go into today's top story. Shall we that's what we're here for All right Tutor Jones likes Bitcoin calls a great portfolio. I'm not gonna read the article. It's kind of dull what I really want to do It's just ask the question. Why do we even care what this guy says? You know, first of all, who's Paul Tutor Jones? That's the big question. Well, Paul Tutor Jones He is a hedge fund manager and a legend And the reason is because he predicted the 1987 stock market crash. So this is gonna fall I know it's gonna happen. I've been in this game and never no one believed him Then that's a and a big crash came about then. He's the founder of the Tutor Jones group his net worth personally a seven billion But I think The tutor group itself has 21 billion assets under management and over on May 8th 2020 He states he'll put 2% of total investments into Bitcoin futures and now he's just talking about Bitcoin straight off. So This is a guy has been around and anybody who is in this space knows He is one of those guys that people look up to to see for guidance and then on top of that Another reason is is that? look, here's where all the wealth is in America and it's Not taken away from anybody, but it's just what it is. Maybe boomers have a lot of money That's how it goes Gen Xers and Millennials not too much But they do have disposable income and even though I want to preface it with this Even though that's you know, we have the Gen Xers in that certain age group Millennials are Gunger baby boomers, you know 55 and above They do have a lot of money, but it depends on where they're actually putting that money I believe that the baby boomers look towards these types of guys these Paul Tutor Jones these Fidelity's these black rocks to see where they're going as far as investment and put their money into those diversifications Gen Xers and Millennials especially Millennials are Looking for a little bit more of me blow this up so you can see exactly what I'm talking about So the thing with the older generations like myself We don't like to take too much risk because we're in our later stage in our life we've kind of accumulated and we're like, you know what I want to get things a little bit more safer and That's why we look towards other things to see what's the safest option or what's the highest upside? That has the lowest risk and then it really just depends I mean there's some people that are older they still like to you know do a lot of different things But even but Millennials are people that are younger Gen X Gen Y Gen Z They're like well We have a lot of disposable income and the same thing that happened with GameStop You saw what they could happen when they all get together they can do a lot of Financial investing and they can pool their resources and make a lot so I think to me personally I listened to the Paul Tudor Jones the Black Rock see what they're doing I have reported to you, but I'm also looking to see like what are the fundamentals what is going on What is actually happening for people who are like investing and even For trading because I think if we can merge both together then the whole market cap grows So this is just one of those reasons why you do or I talk about these things and these people So I'm just gonna I'm not going to read the article. I'm just gonna show you what Paul Tudor Jones said on Squawk Box It's the easiest way to do it. So this is what it is. It's about a minute or so. Just take a listen and here We make sure that I've got adequate volume go You last of I wouldn't say last spring said, you know what I'm getting into crypto for the first time Again, I thought things were crazy then I think they're crazy now Bitcoin Listen, I like Bitcoin, right? Bitcoin is math and math has been around for thousands of years And it two plus two is gonna equal four and it will for the next 2000 years So I like the idea of investing in something that's reliable Consistent honest and a hundred percent certain So Bitcoin has appealed to me because it's a way for me to invest In certainty where again, I look at the difference between The Fed of 2013 the Fed of 2021 I'm going to how how can this Do I want to have faith necessarily? I look at the difference between Trump and Biden. Do I want to have faith? And that same reliability and consistency of human nature So before we move on and he starts talking about his allocation There's another reason why I like Paul Tudor Jones and why people who are in that older generation What when we talk about risk are really going to like him because Paul Tudor Jones, this was just done today June 4t. Yeah She says the feds credibility is at risk with inflation view and he pretty much just calls out Drone Powell and said look if you do the right thing, this is your defining moment If you keep printing money, it's going to end badly if you think that the economy isn't red hot It's doing quite well if you dump a bunch of more money in there It's going to ruin everything And when people hear these types of things where they're like, hey, uh, that sounds pretty risky I don't really know what's going on with the dollar as far as hard assets and this Paul Tudor Jones is talking about Bitcoin being just as good as as gold and some equities I'm going to probably trust this guy. So let's finish up what he says here about his allocation And the linear nature of human nature, which we know is anything but that you like bitcoin at these prices I'm Listen, what oh at about 10,000 I like bitcoin as a portfolio diversifier. Everyone always asks me what should I do with my portfolio my employees say I say, okay, listen the only thing that I know for sir Is I want to have five percent in gold five percent in bitcoin five percent in cash Five percent in commodities at this point in time. I don't know What I want to do With the other 80 percent. I want to wait and see what the fed's going to do because what they do Yeah, so perfect. So a couple things to break down there. Remember this You have to remember this when he says that this is what I'm going to do right now. He could change his mind He can go like, you know what? Gold isn't so great or cash isn't so great or I'm going to put a little bit more of my portfolio Or he might even say, you know what instead of bitcoin five percent. I went out of three percent This is what he's doing right at the time. So this is when it's hot This is when you know when people hear this or like, okay, that makes sense So later on don't be too upset. He's like, well, you know, I Rebalance my portfolio, but right now it's kind of interesting like we just talked about when I showed you with uh, paul teeter jones the company Like this was in 2020 He stated i'm going to put two percent of total investments in bitcoin futures Now he's saying five percent Into bitcoin and equities and he's giving you I mean he's basically just giving everybody the right information The last thing I will say which was a great question which was asked by uh, the commentator here Didn't you get into $10,000 and you kind of just like bypassed the whole question like yeah, yeah, yeah, whatever I guarantee you did I guarantee you got in a little bit earlier than that and that's why he's probably wants it to go up Usually people don't come on and talk about I'm going to get into it And then they get into it before it's as it's already going up doesn't make any sense So, uh, that's just what it is. So let me just think of the comment section I find this uh extremely bullish for a lot of reasons I just talked about and uh, let's move on to our next piece So next up World mobile, uh, if you've watched this channel or dan clips where I go over more of advancement things and new things coming up World mobile token I think is going to be huge because like we talked about yesterday and today and then a video that I did Not too long ago where we talked about Just what it is and I had uh CEO mickey Watkins on Basically they are uh doing that last mile telecommunications and internet service cell phone mobile ID Finance healthcare. I mean they're trying to do a ton of things and they're working with the iowhk team at cardano And their token is built on the cardano blockchain And people have been asking me about this about when this token what they call is a token generation event And that is going to be going live Potentially tomorrow. This is what I gathered From their little snippets, which was I think yesterday And just as coming june 15th when you go to and I'll link this in the description below If you go to world mobile token.com Click on buy tokens just says coming soon. Just so you know, americans cannot get into this. It is not available for americans I will say this. I am an advisor Which means I am going to be able to get into this even though I'm american citizen So just so you know, I will have skin in the game if you are someplace else and want to get into it And just to be a hundred percent transparent I Want to be a part of this for a very long time so much so that I'm going to be a node operator I'm going to be a node staker and you're going to need a lot of different tokens for that And that is my goal I'm going to bring the team that I use for the cardano staking pool D news and we're going to be staking and being in a an operator For this because I believe this is a long long term investment And just like what we had talked about it previously when I was saying that the government of tanzania The president comes out and says we want cryptocurrency. Well, guess what? this token this world mobile token The first place they did this on a working actual product was in tanzania So I can't put it together even more simply than that So I think it's a great thing if you want to watch the whole interview Of what we me and mickey talked about and he explained a lot better than I can Just do a search for digital asset news clips and the last four we've done is all about the ecosystem as far as cardano We took a look at card starter the oracle project charlie synthetic assets at indigo protocol And the first one was with mickey at world mobile token So I'll link that in the description below, but that is what is happening But again long-term investment needs to be great And then lastly, I just want to say one last thing I just want to do a quick follow-up for what he talked about yesterday, which was Bitcoin mining operations are shutting down in china. I think this is great news And I'm really happy. Let me uh, here is the article. Let me blow this up real quick So you can see what I'm talking. So the article comes down to jack ma and jack ma is Was or there's somewhere in between the ceo Of alibaba, which is one of the largest uh companies in the world And it was actually only rivaled by um google and apple I think one other one, uh, it gets doing this in this article And I just see some some parallels between what's going on with jack ma And the the government stepping in and pretty much crushing him And on on top of what is going on with the uh, the chinese bitcoin operation and I for one Like I said yesterday and 100 happy that china is doing this I want all those mining operations out of china and I wanted to put them into any parts of europe Kazakhstan and of course central america and right here in the good old texas We will take as many Bitcoin mining operations so we can build jobs not only for the infrastructure for bitcoin But also for the renewables because we have a ton of wind and solar power So thank you china. We appreciate it Of your short-sightedness and uh, that's it and when I say china, I just want to make this 100 clear I'm talking about the government of china, not the people of china. They have no control over that It's the government that really makes all decisions and this really gets down to the heart of the matter So this was it a quote from china state council. They said the purpose is to reign in Ma Yun said an advisor to china state council the country's top government body Using mr. Ma's chinese name. It's like putting a bridle on a horse and that's Put it that's what he said and uh So here's what they're doing. They're breaking up everything Beijing is now doling out some of the most lucrative slices of ma's business to new partners quote-unquote of its choosing Including one of the most corrupt and financially shaky companies in all of china can you believe that can you believe that that Uh, well, yeah, we can because it's a communist country. I think he's coming there and be like, hey Great job on on this business. You're just a little bit too big and we're gonna break it all up Now there's monopolies and there's antitrust laws here in america and we've done those things in the past But it seems to me like this is more of a nefarious purpose and i'm gonna get to that right now so This real quick So who is jack ma? Ma was The richest man in china He was the creator of alibaba china's largest tech company and the ant group the largest fin tech company in the world in the world Alibaba alone was more with more than u.s company except for apple amazon and google that makes a lot of sense, right? The last minute so they canceled his ipo the ant's ipo And this is at the last minute and it was going to be the largest Uh, ipo of all time the ant ipo had become by october 2020 a frenzy the share price ran up 50 Uh ahead of the date and the wall street journal called it a three trillion dollar scramble imagine you were about to Really solidify your position by uh Going through an ipo and the government says nope, sorry So all those trillion dollars that you could have put in there and built a lot of great things which jack ma did That doesn't happen. So again, I see the short-sightedness of the government. That's how I see it Now they're covering up the company the central bank ordered ant to form a separate financial holding company That'll be subject to the kind of capital requirements applied to banks Banks that could open a door for big state banks or other types of government controlled entities to buy Into the firm so all the banks and governments are going to have their hands right into jack ma's company What was government also had its eye on one of ant's most valuable assets its data Derived from billions of consumer transactions. It processes. So again China wants control over everything he who controls the data controls all And we saw that with the different things that happened in facebook and their different data processing and All the different things with uh presidential elections. I don't want to get in that It is what it is So data is huge and that's why they were getting a competitive advantage because they had so much data on the people Now china wants to say, you know what? We'll take that data and on top of that. Uh, we're going to build in the digital you want So we can have total control of everybody and if you don't like it We'll just shut down your app and good luck buying anything. So stay in line or else Lastly Ant groups money market fund was perhaps its most amazing and explosive success story in just four years The fund became the world's largest imagine that they surpassed fidelity And jp morgan and they shocked all the banks because it was the largest in the world Beijing took note shrinking 18 percent in the first quarter this year and down almost 50 percent from its peak as it Kind of just sliced it all up to all the different entities. Well, that kind of sucks Now this was the harsh one. I think this was this to me was the worst because they close ma's Hoopan University. I think I know that one In april ma was removed as president of Hoopan University the ultra elite business school He founded and endowed in 2015. This is this the plan for Hoopan was ambitious It promised a fresh approach to business education in some respects going beyond done anywhere And what they would do was they would bring in all these different CEOs and all these great people Kind of like uh, harbour business school If you know if you have like a lot of experience that that's what they're looking for They bring together these really great thought leaders and say this is You know what we want to teach you as far as business same thing over in Hoopan University We want to get these the CEOs I think you had to have a Evaluation of 4.5 million in your company to be a part of this elite group Then they could all share ideas and all can get a lot of great information Then they can go out and just dominate and that's what was happening So it was a great thing but the government's like nope. Sorry. We're gonna stop that too and Regulators approved Jack Ma's and group to start running a new finance company It'll absorb the uh 155 billion outstanding loans. So good for them The you know become the centerpiece of ants restructured lending business Which had grown so large that it issued about 1 tenth of china's non-marriage consumer loans last year So they're gonna break that up and give it to everybody else and sorry jack At will now just own 50 percent of the new company the other 50 percent is being handed out to several new partners And before I get this last part I want you to see the parallels between china and america and how these things are operated as far as banks listen to this The real shock is who gets the final seat at the boardroom table hurang asset management They're be giving they're be giving four five percent of business for nothing Hurang is the most notorious bad actor in all of chinese finance The company's were was created as another one of the bad banks in the 90s And was swimming in polluted water from the start trafficking in bad loans america It later expanded its business recklessly into many other areas outside its charter including risky foreign private investments america It is even today not entirely clear to chinese authorities What it owns because it's all oh, and they're just giving like a bunch of junk out there Hurang developed a culture of massive and systemic corruption led by its ceo lie zio min I think I nailed that intel is downfall in 2018 this year Hurang has flirted with bankruptcy Banks as its past sins catch up with it is the largest chinese issuer of dollar Denominated foreign debt 22 billion and it said to be on the edge of default which may provoke a regulatory crisis Because it's majority state ownership Hurang's trouble threatened the integrity of the larger fixing income market in china and could force a government bailout I think we know about that one america and in january 2021 former ceo lie ziao min I think I said that right was executed for bribery greed and other sins It's as though the u.s. Government Took a page and said hey facebook. Hey mr. Zuckerberg. Here's your partner bernie made off So real quick the guy who wrote this is great george calhoun Follow him and twitter. I actually tweeted out this story already and I thought it was fantastic because everybody talks about You know how shrewd china is and what they're doing everything else They got just as many problems as any other country out there And I think they're making a huge mistake by doing these things only time will tell I'm just happy that they're letting go of all these bitcoin miners now. They can go wherever they want to or That's the great thing about a free market enterprise You can just go to the places that have a need and a hole and fill that hole And in this case it is bitcoin mining operations and we'd love to do that here in texas So we welcome everybody who wants to come actually over there in west texas. We're on that Uh, guess what we've got a lot of those operations going on. So look that is it for today I think we're on a nice little streak. Let's see if we can continue and uh, let's see what happens But uh, I feel pretty bullish today. It's a good day. See what happens Anyhow if you like that video and think of it found value with it give it a thumbs up I'll consider subscribing A lot of things to talk about on this channel are time sensitive over at dan clips Are the other videos which I'll link in the description below and that's all thanks a lot. Appreciate it See you on the next one