 Hello, everybody. Welcome to the Friday livestream. So we got a lot of things to cover. So let's just jump right in So today, I don't know if you guys realize this But there was a nice little moment where we actually hit 69 K or excuse me 70 K I stand corrected and this happened for a very brief amount of time And of course then it came down, but that's just the normal things that are going on in the market So just for posterity, you see, you know, right now we're at 60,000 729 I don't know why I'm actually telling you this because I'm sure you've been checking your portfolio probably madly today as you see all The gains that you've gone through so congratulations for getting to the bear market. That's what we have But today I want to talk about just real quick and then we'll get into the Q&A part Which I think was everybody's favorite part for the whole show. It's just to talk about this global Beckening that's coming through for Blackrock and this was broken by a Bitcoin archive and it says the Blick black rock has filed with the SEC that it will buy Bitcoin ETFs for their own funds So as we know black rock is the largest the largest Institution or asset manager on the planet. It has roughly over 10 trillion assets under management Right now and growing by the day about the hour It seems like and what they're going to do is they're going to say, okay Not only are we gonna have a spot Bitcoin ETF here in the States But for the other ETFs that we have for our global partners, we are going to actually buy Bitcoin and stick my nose ETFs I think it's very interesting and I'm just thinking to myself How much longer before big or black rock has a million Bitcoin by itself because it seems like that's pretty much what we're going now Of course, they don't personally own it that is for Their members or for the people that are actually investing with black rock, but you get my drift It's under this one umbrella and it's just It's amazing how things speed up anyhow They state that another another 20 trillion of funds use their Aladdin platform to make portfolio allocations Black Rock I say that the optimal Bitcoin allocation is 84.9% of a portfolio Let me read that again because I had forgotten about this. This was actually put out I thought it was fake when I first heard it. This was a while ago But it stayed black rock has stayed in the past at the Bitcoin allocation should be a Crazy 84.9% of a portfolio now here in this channel I'm not a I'm not telling you to Michael sailor it just go everything all in but it's paid off quite handsomely as compared to traditional equities Well, except for Nvidia and stuff like that Also for precious metals and for just like the regular S&P 500 so on that point so I can I can get behind that And they state of course few will do this But we have the world's biggest fund manager telling investors to get off zero Ernst and young estimates 200 trillion dollars of institutional assets could not touch Bitcoin until an ETF was approved And of course, that's where we're going right now. And it's just great and everybody's happy. This is actually broken by Macroscope they said this is just to dig into a little bit better a new filing by black rock late this afternoon As I've been saying you're gonna see a lot of this in coming months. I have to agree here I believe that this is gonna keep happening different organizations even vanguard is gonna come in and start to say, you know what since this is the Best performing ETF of all time. Maybe we'd like to get that. It's amazing how Institutions of Wall Street, they don't want to be the first one Well boy, they do not want to be the last and when they see all the money that's coming in It's kind of hard to not get FOMO even on that side for the smart money I don't believe there's any really smart money out there. I think there's people just going through the same cycles Anyhow, this was filed today by the black rock and it states the fund may acquire is cut off So this is what they said the fund may acquire shares and an ETPs Let's take to reflect generally the performance of the price of Bitcoin by directly holding Bitcoin ETPs Including shares of a Bitcoin to be sponsored by an affiliate of the black rock So these are the things that are going on and that's just one side There was another story a couple of days ago that I just I didn't really dive into but it's starting to kind of make sense now as we see more of these organizations coming in this was from Arizona and We have a pension not a pension crisis But we have different problems with retirement accounts, especially state funded retirement accounts being underwater And what the Arizona State Senate decided? This was a couple of days ago. They said what we'd like to do is we'd like to start to monitor Bitcoin ETFs and other digital asset ETFs and consider including digital asset ETF in our or their investment portfolios now again as these ETFs start to Massively dominate as they're doing right now You're gonna see more and more of this because a lot of these Institute a lot of these give me retirement accounts that are underwater like How are we going to pay these people back? Maybe we should get into something that is a Appreciating asset instead of going to some crazy nonsense that's out there. So, you know, this is good We'll see how it actually works out. But then this leads me to some of my last points, which is this Bitcoin units, this is from hayapala.com and You can just see over here. We've talked about this many times, but it's just amazing to me that This in light blue the 619,000 excuse me 619,000 Bitcoin units That's just whole Bitcoin was owned by grayscale and January 10th going all the way to Well, this is not right because March 5th. You've only got 409,000. So they lost 200,000 in roughly two months Yeah, yeah, and it went to who black rock and fidelity mostly Let me you let's refresh this because I know it's not that because I know what today's the 7th. That's why Let me refresh this Let's see what we get I guess everybody's look at this website as well All right, that's better So Geez even okay. Well, that makes sense because everything's flowing from grayscale now. They're at 400,000 And again 30 cents and again, we're almost I just did this like three days ago and they were just over 700,000 total now we're almost hitting 800,000 in these centralized Institution which is fine. Well again The fidelity is the black rock the arcs and everything else. He almost 800,000. It's pretty fast And it's only gonna accelerate I think as we start to see because again people are starting to look at this Especially people with the lots of funds and say lots of money lots of assets are magical You know what that's doing pretty well for us. We want to be a part of that So it leads me to this if everything's doing so well Who's selling? I mean, there's some people are all gonna always gonna sell at 69k a couple of days ago People sold right and the bears and the bulls got wrecked if they were shorting and longing geniuses. That's fine I'm not that guy But I just want to say congratulations because I've never seen this number This is from into the block and it says very clearly holders making money at current price for Bitcoin If you hold Bitcoin right now 100% of you are in profit At profit is zero out of profit zero remember this day because it doesn't happen too often when we start to see fluctuations That's of course these numbers will of course increase decrease on the ins and outs But today's a great day. Everybody's in profit. Congratulations. You did what you were supposed to do But then over here the composition by same by time held it hasn't Let me go back. It hasn't changed It has not changed. It's always 69% Roughly 69 70% for one year people have held one year or longer 24% 1 to 12 and only 7% for less than a month these less than one month There's are going to come over to the 1 to 12 monthers because they're gonna start to hold on and you're gonna see less And less and the same thing we've all with everybody says just about which makes me kind of Not not set to really think about it is of course We have so much so so much demand so little supply and it starts to just dry up more and more and more So there's those parts and then there's another thing that always Gives me a little bullish vibes and this just happened again and we talked about this two weeks ago We talked about this four days ago and this happened again The Treasury that is tether just minted another billion dollars of USDT now like I said before Tether Treasury is just like the Fed. Well the Treasury for the US Treasury essentially they print tether The Treasury the US Treasury prints dollars roughly the same thing just that tether has to back it up. Is it backed up? Well There's been audits and every time that I think that there's something fishy with tether It proved me wrong every single time So again, once they this actually happens, it seems like there's a rally between 24 hours And roughly six days or so and every single time it happens I'm not gonna say that that was leading the charge for us to hit 70k But it's a kind of eerie how every time whale alert comes out and says a billion dollars minted We go up like crazy links in the description. You can follow those guys and check them out and having said all that stuff I just said What are the biggest gainers today? By percentage Kermit doji doji and Nixia AI and of course Nixia AI went up because why because it has two really important letters next to it AI Artificial intelligence. We don't care what it really does and maybe it's awesome But if you got AI in your name, it seems like you're going up anyhow Let me know what you think about that in the comment section. Just want to bring it to everybody's attention. It is a great day I'm very happy. It's just that some of these things I'm like that's kind of screwy that's just what it is and Lastly All coins So I know we talk a lot about about Bitcoin on here because it's the king and it's Most appreciating. It's the most exciting right now, right? And I think it's the safest It's your safest bet and the most volatile asset class. It's just true however Remember how we front ran BlackRock we front ran all the institutions We got in before Michael Saylor. Congratulations. If you've been here that long Now, of course, we start to look at altcoins at some point and say just to ourselves Maybe this could be the next thing so I don't have the answers for everything and when I find good information I want to pass it on to you So there was this piece put out by coin bureau Friend of the show guy and he's got his analyst and what they did. This is pretty good actually is They came up and they said here's our latest top picks for some different not picks But just information about some of the top Altcoins are out there and they went over Celestia and you can see the table kind of sweet stablecoin ordinals Jupiter Mansell Manta world coin stacks some other stuff and I read through this and it's just really well put together I like it. It's free. You can go to this this piece I don't think I actually put this in let me put this in real quick. So everybody can find it My bureau article alts Do this now or I'll forget okay, thanks description now and It was a great read. It's very interesting. I like this stuff So if you're Like what is going on in the altcoin world? What's out there? What's the new stuff? Check that out and also? if you're Looking to go even deeper coin bureau club. I don't know what the heck this is. I don't know what cell frame is I don't know what jackal. I Don't know what this stuff is Let's see all but I Like I said on the NFA live show I I'm very thankful that he put out this video on fetch AI You'll know what I'm talking about when you watch it on that one and there's another good one that I watched That's not it a cosh so to AI plays I just thought it was interesting and deep in place anyhow Right now if you're like think yourself about altcoins, maybe that'd be something to check out There's a link in the description for a coin bureau club. That is a paid service That is not an affiliate link. You can sign up Check it out for for a month and see how it goes, but I'm telling you there's some things that I can do and some things I can't do I can't put that much effort and Resources to do the research that that guy and his team do it's fantastic and Most of these things these guys don't own so it's unbiased and I trust that so check that out anyhow and then Lastly lastly I'm gonna ask you guys what what you want to do. Let's let's do this Do you guys want to go and do a Q&A right now or do you want me to talk about layer twos? the prices that it costs and Or How to use layer twos to buy things on Dexes So what do you want to do? Do you guys want to do a Q&A or you want to do a layer two thing because there's always this thing about people say Well, why are you using a theorem of layer one solution? Why don't you use it layer two so much cheaper? What are you moron? Hello, all right Layer twos layer twos Talk about AI coins. I'll tell you this that video I watched on fetch AI very eye-opening and it made me Not want to be in fetch AI even though you we all should know by now that it's not so much about It's not about the tech. It's about that stuff. It's all about the hype and greed and speculation And that's what's really pulling the markets right now If there's a great project and it has hype and speculation and greed so much the better But a lot of times it's just high speculation greed layer twos. Are you sure? Layer two and a amp baby. That's right layer two. All right, let's do this If there's something you can't see let me know so Yeah, yeah, that's that's you're right. You're right minute So this was a tweet that I saw I thought was hilarious Solana. It's from bonk bot Solana is inevitable It's Welcome this lawn on ETH, but there was this comment that it pulled me to it is from Blockmaster Luke. He says ETH is for the rich. I can't be a D gen on ETH with ten bucks 999 I thought to myself. I wonder if that's true. What if he really? I mean, can you maybe you could do that? Layer two is we know it is be sure as heck and do that a layer of ones, right? So let's check this out So I'm gonna use coin get go and go from here. So let's just say like like for instance if We Come on over here. I'm gonna look at categories Click on categories and then you got dog thing or meme and a click on meme I Get rid of this. I don't need this And what we're gonna try to do is we're gonna try to figure out some of the better ways to buy this stuff Dogecoin is dogecoin. It's a it's a meme. It is actually a fork Dogecoin is a fork of litecoin like coin is a fork of Bitcoin and it's been around since 2014. I don't know if you knew that but it's been around for a long time It's been the top 35 that's entire existence almost so don't fade dogecoin. It's a great one She'll be you know, I'm 39% But let's just take the example of Pepe, right? So we're gonna click on Pepe And what I'm gonna show you right here is when you go to coin get go. There's these three dots right here You see these three dots You're gonna click on this and it's gonna show you all the other types of layer twos or even layer of ones That this is on that you can buy on and use it that way and the reason why I say this is Because first of all if you go to click on markets here, this will show you where all the Pepe coins are When I click on markets, I'm like, oh, look at that. It's on Binance and okay x and Kucoin buy bid Bit get and such such and so forth and Bing X and Uniswap sweet so I don't have access to that stuff because I'm an American It's just how it is But I can use Uniswap which is pretty great. So let's just do this First of all I'm going to See that contract address right there. So to make sure that I get the right one. I'm going to copy that Right And then what I want to do is I want to go to let's just go to Uniswap I'm going to click on Uniswap I'm going to click on start trading Because I don't want to go this the fake Uniswap site where it connects to my hot wallet and it drains my entire hot wallet I don't want to do that. I'm not a big fan of getting everything drained So like this one Select the token So search the name or paste the address I could put in Pepe, but I don't know if it's going to get the right one I don't know I'm just going to do that and that's the contract address. That's the right one. Cool So let's do ETH Let's just I just want to show you the prices right now Jesus leaves 78 bucks. First of all, can you see that swap? You guys can all see the swap great I'm going to click on swap. You see right here gas fees 44 bucks. I don't want that. I don't want that Let's see if it's still that bad. Let's see you can see that The next thing you're probably not going to be able to see Which is my metamask wall is going to come up. You can't see that But I will just tell you that Sweet Mary and Joseph the total here for the amount plus the gas fees is 122 bucks Estimated fee is actually 63 23. So I'm going to reject that. You can't see it. I know So I don't want to use that Let's go back here Okay, okay So remember how it said Pepe there it goes Remember how it's over here see that right there where it says arbitram Arbitrum one. Okay. Well, it's an arbitram. That sounds pretty good. I'm going to copy this I'm going to go back here And of course, you're gonna have to have your metamask It's all set up to make sure you have arbitram and have ethereum on and all that good stuff, right? So I'm going to let's see See right here when I click on that and it's gonna ask me You can't see that. Well, let me blow this up. That doesn't go through See right here in the upper right hand corner There's a little drop down and it asks you to pick like what layer do you want to deal with or what layer Two or layer one. Let's try arbitram And then my metamask is going to ask me to switch the network Great Now i'm going to search By using that arbitram address of pepe All right, that's pepe Actually now what I want to do is this I want to buy pepe with arbitram And I've got a whopping 11 oof. I got 11 arbitram. That's it. It's pretty sad Well, I said that's what you want. You don't want a bunch of Crypto tokens on your hot wallet so you can get drained. That's not how it works So let's just do this. I'm going to say, okay. I'm going to put five arbitram And that's it's roughly about two bucks right now All right, and that'll be ten dollars sir And the gas price you can see right here is about 22 Which is not bad because I did this before it was like 327. So I'm like, yeah, all right. So arbitram I'm going to be able to use that. I'm going to click on swap It's going to say the same thing sign and swap It's going to ask me for first the signature. You can't see this because it's my metamask wallet Let's see if that's true All right So the fee just went up to three dollars and 42 cents. You can't see that That can't be right. The total is 253 Yeah, total amount plus gas fee So, unfortunately That's a lot better than the 59 bucks. Can we all agree on that? Yeah, that's true And that's pretty much how you can use layer twos to make things cheaper But here's the thing I need to really ask everybody this Are we all going to do that? Are the normal people that are coming in going, you know what? I want to bridge all this and I want to do it this way and I want to save it So I can spend three dollars or two dollars whatever it is for one transaction I'm just asking the question Because that's how you do it. Of course now your pepe will be an arbitram And you can buy it. You can send it. You can do whatever you want to you can sell it for profit same prices Essentially the question that you're going to have with this is Of course, how much liquidity is on there because I did this today in the morning And I try to do it on a whole different host of L2s some work Some didn't and the reason was because there was no liquidity in the different dexes that I choose So the question is do you want people to do that or is there an alternative? That's a lot better me personally. I don't think people want to do that I could be wrong. Let me know in the comment section and that's it for that piece That's it for today. Actually if you like today's video give it thumbs up consider subscribing if you want to talk about it's time sensitive