 Hello, everybody. Welcome to the Easter Sunday livestream. So happy Easter to everybody. And today we're going to talk about is front-running millionaires. And I've said this before, I've said this a lot of times actually, as things progress, especially in the crypto and digital asset market, you're going to see a lot of the traditional finance get into the space that we've been in for months or potentially even years or more than a decade for some of us. And like I've said before, I think we're going to front-run everybody as they play the game of catch-up. And what I'm talking about, of course, is the market itself. And today, just to take a little optic view of what's happening, not a bad day. We're almost at 2.8 trillion market cap. And what I want you to focus on as I scroll down here is not the one hour, the 24-hour, but the seven-day and how things have been not popping off, but doing pretty darn good job. And with Bitcoin, we're up 7%. Ethereum 6, BNB 7, Solana up 11%, XRP, and the stablecoin. Dogecoin. Look at that. Dogecoin in seven days up 22%. I don't know if you know this, but remember that guy, the Dogecoin millionaire, the guy who put in like $100,000 plus into Dogecoin and didn't sell anything in the crypto market? He actually, throughout the bear market, he tumbled all the way down below, I think, his initial investment. And now he's back up like $2 million. So there is a case to be made for diamond-handsing some things. Now, 99% of this is not a good idea because most of this is trash, as far as like crypto, if you go past like into like the 300s. But I mean, congratulations to him. Cardano, not doing much at all. Toncoin, Shiba Inu, one of the, I like this term, one of the blue chip meme coins, 9%. Pokedots up four. Bitcoin Cash up 25. And let's see some other big ones. Uniswap 9%. Look at ICP. Woo, 30%. Nice AI play. Litecoin's up almost 15% after being named a commodity by one of the lawsuits pending by the CFTC. So that's good. Near 10%. Some other things up. Filecoin. But I want you to notice this one. Dog with hat is up near 100% in seven days. Who to thunk it? Well, the people who thunk it are the people that are getting big into meme coins like we talked about yesterday. And of course, we talked about that. Very risky play. It's up to you to do that. But I will urge you, if you do do this and get into the meme coins and the generate gambling, just remember, take profits along the way. If it doubles, take your half out. And then just sit and let the rest of it ride. If it doubles again, take that half out. I mean, you make some profit and then on and on and on until you can't half out anymore. And I would just take a look at this. I'm like, maybe it's because there's this new game out. Somebody made a game, dog with hat. There's a link in the description. And they named it dogwithhat.ai, ridiculous. And it's pretty much really, it's a clone of Flappy Bird, essentially. Look at this. Actually, it's much easier. Anyhow, who cares? So that's what's going on in the market itself. Here's the big story. And again, when we read through this, think to yourself just how early you've gotten in and how other people are getting into it right now. So Grayscale, yes, that Grayscale is launching a proof of stake investment fund for millionaires. Now, I don't know how they're getting away with this legally. And we'll just take a look at this. So Grayscale is launching a dynamic income fund for investors with a net worth of over 2.2 million. So again, if you want to get into this, I don't know why you would, but if you did and just said, hey, this is an easier play, you have to have 2.2 million of net worth to get into that. Fund will invest in only proof of stake tokens. And of course, you can see here that looking at the spot Bitcoin ETF, Grayscale is still above BlackRock, iBit. Looks like they still have 23 billion under management. But I think that'll change as time goes on, obviously. But here's the weird thing about this. Of course, we know that if we want to get into any type of tokens, any type of cryptos, we'll just go to our favorite exchange or DEX and that'll be that. But look at this. In its disclosures, Grayscale outlined how GDIF, that's the name of the fund, will function. Interests in GDIF have not been and will not be registered under the U.S. Securities Act of 1933 or any state or other securities loss. The fund will not be registered as an investment company under the U.S. Investment Company Act of 1940 and will not be required to adhere to certain restrictions and requirements under the Investment Company Act. Investors will not be afforded the protections of the Investment Company Act whatsoever. Here's my question to everybody. I know how Gary Ginza is big on disclosures because that's what's going to save everybody, even though I think it's quite ridiculous. Didn't really save anybody when Bernie Madoff came about for the last 20 or 30 years when he was running his fund. Lots of disclosures, even though he's doing a Ponzi scheme regardless. If you had something like that and there was a disclosure there and you could just say, okay, this is what I want to know that there's no safety net afforded to me. This is not under the Securities Act, but I'd like to invest. If that is how they're doing it, I just don't understand legally why we just don't go that route. Of course, I'm not a lawyer, so of course, fill me in on the comments section. It's just interesting how they went through that. And if we take a look at it, here is the actual Grayscale fund, the GDIF Grayscale Dynamic Investment Fund. And when it talks about what they're going to do as far as the staking part of it, this is how it's going to work. Investors commit the capital using quantitative and quantitative factors. We invest capital across the portfolio of proof of stake tokens. We stake the tokens that are on rewards. We monetize those rewards. Into cash weekly, we distribute cash to investors. There's two things. First of all, remember how they're doing that. They're investing in the staking, they're taking the rewards, they're putting into cash, they're giving it back to the investors. Here's what they're trying to look at. Osmo, which I thought was cosmos, but apparently, if we're looking at the ticker symbol of Osmo, it's osmosis. And that is a staking vehicle, okay. I'm not big into Osmo. I know people, some people are, and if you hold it great, that's fine. Solana, polka dot, or dot, and then the majority would just others that don't really know what the, they know what it's going to be. But I just found it interesting that Solana and dot are in there, which would be a big boom for dot because that's been lagging quite a bit. So I'd like to see dot catch up because it's in my bag or portfolio. And Solana is like one of my top holds. So, hey, here or there, I'm pretty happy about that. And it talks about what it actually is. So saying all this, and again, about the whole staking part, this is what it comes down to. I don't know how they're getting away with this, and more power to them if they do. But there was an article that says the SEC scores big one in lawsuit against crypto exchange Coinbase. Let's be 100% clear. They didn't really score a big win. Alls it really was is that they were able to move forward. Coinbase came to dismiss this lawsuit, citing it as frivolous. And the court said, no, no, no, we're going to have to go forward. That's not a big win. That's just essentially going, okay, now you have, now we have to go through discovery. And now we have to go through the whole process just like they did with Ripple. So we'll see how it all plans out. I'm not saying someone's going to win. I'm just saying it's not a huge win. But this was the interesting part about this whole case. The court finds that the SEC adequately alleges that Coinbase through its staking program engage in the unregistered offer and sale of securities, staking program, securities. So I guess Grayscale is just going to bypass all of that by just saying, hey, we're not going to, we're not going to come in. We're going to say that we're going to give a disclosure that says that this is not an investment company. And no one's going to have any type of protections under the Investment Company Act. If it's that easy, why can't we just do that? Anyhow, not a lawyer. Let me just think about that in the comment section. I just found it interesting how that works. And of course, if millionaires are getting into Solana finally in Polkadot, finally in Osmosis, finally, where does that leave us? I think it's in the money. Anyhow, let me show you the thing about that in the comments. And one more thing, it's not all roses and sunshine. This is a story that was, I think it was a couple days ago. I wanted to cover this real quick because I know a lot of channels, they like to cover the Moon Boy stuff and how great it is. I just want to give you a dose of reality. And this is the reality. This is from Eleanor Tarrant. You should follow her. Got a great plethora of information, especially like cats, she loves cats, on Fox Business. And she talks, this was, yeah, March 30th, excuse me, this was just yesterday. So it looks like there was a court case, it was a Federal Reserve versus Custodia Bank. Custodia Bank specialized in digital asset payments and custody solutions. They wanted to be, or have a primary charter, or as it's called here, a master account application. They said, look, we want to do this, and we're not going to do any kind of, as it's termed here by Robert Breedlove, fractional reserve. Any kind of fractional reserve lending will hold as much as we need to. We won't do fractional reserve lending, but we'll also offer the options of crypto and digital assets, Bitcoin, being the big one. And they were denied. They took Federal Reserve to court. And here's what happened. The Federal Reserve won. Essentially, that's what it is. But what Eleanor Tarrant brings to the table here, she says, there was two opinions. One was denying the Fed's motion to dismiss, just like we saw in the other one. The second is from Friday's decision on summary judgment where the judge sided with the Fed against Custodia. And it is interesting because in June 8th, the judge stated, this cannot be read as Congress's impromptu on Federal Reserve banks holding carte blanche to grant or deny master account applications. And then in the final decision, said this amendment confirms that Federal Reserve banks may reject applications from depository institutions. What it's saying here is, hey, you can't give total power to the Federal Reserve. And under here, it's saying, hey, the Federal Reserve has total power, what they want to do. So it's a little bit off, but it is what it is. It's a loss. It's a loss for banking. It's a loss for crypto. It's a loss for individuals who would like to use custodial services such as custodial bank, custodial bank. And I think it's a real travesty, but that's where we're at. And we'll take the loss and move forward. Also, FTX after the sentencing of SBF for 25 years, just this week, looks like they're going to sell off $7.5 billion blocks long. Now, before everybody freaks out and say, Rob, why are you spreading foot? I'm not. I just read the article. This is the information. Don't be a thumbnail investor. Watch this. So here's what we got. On Wednesday, Canadian crypto infrastructure firm Neptune Digital publicly announced that they had completed a strategic acquisition of almost 30,000 Seoul at a price of $64 per token. It's pretty good. I'd like to have that option. I'm not a billionaire though, but if we take a look at Solana, it's at almost $200. Hey, honestly, good for them. So here's what happened. This represents a 67% discount to its market value at the time. 20% of these tokens will be released in March of 2025. So we've got a whole other year. Have fun, because in March 2025, I don't even know if we're going to be in a bull run. So that is one of the stipulations that they, I guess, purchased that at that massive discount. So 20%, what about the other 80%? One of FTX's creditors, Sunil Kovari, said FTX had sold some of their 10 billion Seoul tokens at a 70% discount. Oh, excuse me, Sunil. The rest of them are on a linear release scheduled until January 2028. So 20% will be released in a year. And then a linear release that could be daily or that could be monthly for the next three years after that. So if everybody's worried about this, if you see this story come out someplace else, this is why I like to cover these things, just understand that it's going to take a long time to sell that Solana. That's all I'm trying to say. And I think it's not a big deal. Anyhow, that sounds good. See how it all works out. And then also yesterday, we talked about two things, Solana. And of course, the ecosystem wallet issues, some rug pulls that I was involved with, fun, fun, fun, fun stuff. We also talked about meme coins. And I brought up my friend Stephen. I said, if you guys want to know about meme coins, I'm not the guy to follow. There are people that are much more savvy. Stephen is one of those guys. There's a link in the description. And I said, just follow him because he's got good information about the meme coins. And I said, just look through his list of what he's investing into and just do your own research from there. This was a funny thing. So this was, when was this? This was yesterday, because he had been talking about, he'd been talking about this stupid meme coin called Shark Cat. And I was like, okay. And this was in his feed. And he said, hey, good news. It just doubled in 24 hours. And then yesterday, when we covered his meme coin profit and loss was 66,000. Now it's 75,000. And if you just would have seen that, you could have figured out Shark Cat. And you could have gotten the Shark Cat yesterday. Yesterday was the 30th of March, right? Yeah. We did the video around noon-ish. So the price then was 17 cents. And then it doubled in price somehow, the 38 cents. And now it's down to a wispy 28 cents. So it's just interesting how those work out. Again, that's I'm not gonna say it's luck. But I'm just saying that there's a lot of crazy gambling. But just remember, for you to win in meme coins, someone else must lose. So just remember that. Take the grain of salt. And that got me thinking about, well, you know, what's the next big play? And I've been hearing a lot of chatter about Brett. This is on the base blockchain, which is from Coinbase. And I was like, yeah, you know, I can get into that. Probably not the best time. I'm not really good at this. But it went from 0.001. It's like a fraction of a penny in February 29. And now it's eight cents. So yeah, probably not a great time. And I was like, I just wanted to play around with it. Just see how this works. Because I'm really interested in like the ecosystem and how, you know, transferring things from wallets and moving on the layer twos and how this is going to work out. Because I'm a bit of a skeptic on Ethereum layer twos. And I saw this because if you want to get into that meme coin, you have to transfer Ethereum over to the base layer. And this is a reminder to always says, hey, you convert main net, eat the base in two steps, no bridge freeze, no waiting. And he tells you how to do it. But then someone said, no, no, just do this, just go to Coinbase and then send some Ethereum to base. Because when you click on send, and I have to tell you, let me close this green screen starting to rain there. So anyhow, when you click on send on Coinbase, and this is actually for like USDC as well, you can pick, you can pick the actual rails that you want to use. And of course, if you want to do it, then that's fine. But it's a buck 60, which isn't bad because they do batching. I know some people say, well, about the 15, 20, 55 dollars. Well, we'll get to that. But I noticed something. Yes, when I was trying to do this is that base used to be a fraction of a penny. Arbitrum used to be a penny or less. Avalanche was like, ah, it's about that same, five, six cents. And look at optimism, 31 cents, Polygon is a nickel. For these layer twos, I thought Denkuma was supposed to solve this. The price of the layer twos weren't supposed to go up, they were supposed to keep going down. But unless I'm missing something. So I'm like, okay, well, we're not really in the bull run yet. So I wonder what that price is going to look like later. And I know it's cheap. People say, well, that's cheap. That's, you know, three, four or five cents. That's true. It's better than, you know, 55 bucks. But it's just kind of like, where does this stop? Where does this, you know, where does the, where does the price stop? So you can do this and on Coinbase, it works out pretty well. You can transfer it to your wallets and, you know, have fun with that. But if you're going to use uniswap or a dex, just know it's going to look something like this. I'm using base. I actually bought the bread token, but the fee was 18 cents. So I was like, what, how did this go from three cents to 18 cents? Well, there's additional fees on dexes and, and there's, you know, they have to get their cuts and everybody has to make money and blah, blah, blah. So just be aware that this is going to happen. If you use a centralized exchange, sometimes the fees are pretty reasonable. Because again, they batch, instead of just sending them out individually, they'll batch, you know, hundreds or even thousands of different transactions and they'll put it on the main chain and it won't be near as expensive because it's all shared. But if you're doing dexes, just know that it's kind of pricey and that's where we're at. So anyhow, let me show you anything about that. And then lastly, lastly, we'll get into the Q&A a little bit. Just so everybody knows that there's two things. One is that taxes are coming up. Yay, everybody loves that. April 15th. So the government can take your money and spend it indiscretionally and do whatever they want to it. And of course, have no oversight. That's the government. So I'm not saying that's the greatest thing, but I don't want everybody to go to jail. So just know that's April 15th. Also, this will be April 15th, the last day to contribute to your IRA for 2023. So look, what's great about an IRA is that it's tax, well, a Roth IRA, is tax-free when you take it out at 59 and a half years old. Also, you can trade within your Roth IRA and there's no taxes on it. So if we, if you would have, or we would have, purchased Bitcoin about a year ago, they've been pretty cheap because you can only contribute so much per year, seven, eight thousand somewhere around there. And right now, I think the price is only going to go up. So if you do this before April 15th and you're a Roth IRA, you can contribute for 2023 and then April 16th or 17th, you can contribute for 2024. So just trying to make that easy as much as possible. Now, as we know, I use I trust capital, but there was this thing that came up and it was off balance and on balance sheet options. And just so you know, centralized exchanges like Coinbase, Binance and FTX operated on on balance sheet approach, which means they can pretty much claim an intermingled funds. I trust capital is off balance and there's low fees. So what I did was I sat down on a man, Jared Feldman, and we talked about this, about what's happening and the things that are happening. This is about eight minutes or so for the interview. So just take a listen, we'll come back and we'll do a little Q&A. And here we go. So what I want to do, of course, we are coming up to that time, April 15th, when everybody either has to pay the taxes or they have to ask for an extension, but there's also a bigger time for IRAs. And this is the time point when we can actually contribute for last year 2023. So what I want to do is I want to bring on somebody who could help us cut to the noise. This is Jared Feldman, who is the former head of client relations and now the SVP of operations. Jared, welcome to the show for a second or third time, I think it is. I think it's the second time feels like the third, but thanks for having me as usual. It's great to see you. Yeah, absolutely, man. So as we get into this, because April 15th is right around the corner, what I want to talk about is a couple of things. First of all, some of the reasons for I trust. And then if we take a look at some of the differences between the ETF as far as like into your IRA and then a regular traditional Roth IRA through I trust itself. So the first things first, there was this great piece that you guys put out talking about the top five reasons to open a crypto IRA. And of course, everybody knows I've been with you guys now for three years. And I would like to say first of all, I really should say this first of all, thank you for grinding through the bear market and doing exactly what she said you would do and staying up so you can crush in the bull want to get out of the way. Thank you guys. Thank you. Thank you for being around. I appreciate it. We certainly do what we can. What my experience in crypto has really showed that the company is that focus during the bear periods on building are the ones who really have success during the bull market. So we look forward to all the success that's going to come for everyone in crypto over the next 18 months. Yeah, well, exactly. Well, to do that, this is the whole point. So five reasons. Now, we've talked about this in detail on the show. I mean, tax advantages obviously, when you open up an Roth IRA, wait to 59 and a half years old or whatever age you are plus five years when you open it up. And of course, there's massive tax advantages. There's a link in the description you guys can check out when we go over that in detail. But there's this one I'll talk to last, which is the off balance sheet, but low fees, client experience, which of course you were a part of. And of course, investment options. But this part here, which is always concerned me, the off balance sheet options. So quickly, could you just talk to us about this and what centralized exchanges like Coinbase and Binance do and what you guys are opposite of them doing? Whenever I tune in to your show, one thing that always catches my eye, I'm even peeking at it right now, right, is the 100% scams, 0% on exchanges, 0% leverage, take profits, right? Because you and your audience have learned lessons, valuable lessons. One of those 0% on exchanges. The reason why that's so important is because about two years ago, a lot of things came to light when people dug through the terms of service on exchanges, as well as some of the lending platforms that are now infamous. What they realized was that in those terms of service, it literally says that if something were to happen to those companies in the form of bankruptcy, they would lose, the clients would lose access potentially to their funds because the funds would be subject to creditors, because those funds are held on balance sheet for those companies, period. Now our setup, we have a lot of regulations and compliance that are baked into our product because of the fact that we're an IRA provider, and we have to plug into a qualified custodian to do what we do. Qualified custodians as per their state charter and regulatory requirements need to keep funds off balance sheet. Off balance sheet means that if something were to happen to them, then the funds are not subject to creditors, which is just a huge differentiating factor. And it's a reason why people feel really comfortable on our platform, even though they're not able to hold the keys for the crypto in their IRA. Right. So, okay, let me ask you a question. And I get this question a lot. Let's just say for some reason that I trust something crazy happens. And you guys go under, I don't think it's going to happen after this crazy bear market or whatever. So let's say that you guys go under, because it's off balance, what happens to those accounts? How do those get transferred? What would that actually look like? Because qualified custodians are state regulated entities, there is a process, an unwinding process that the qualified custodian would work with regulators to return the funds to the clients. Now, in reality, if something were to happen, these clients would in all likelihood just be able to move the funds to another IRA provider, to another qualified custodian. So if someone moved their funds over via an IRA transfer or a 401K rollover to begin with, they would have the opportunity to move to another IRA via transfer or maybe move it to their current 401K with their employer. Gotcha. Okay. Just because I get that question a lot, I'm going to actually cut that and put it into the next deep dive here that we talk about with iTrust. That was a good answer. Appreciate it. So let's talk about the other pieces here besides the off and on balance low fees and we'll get a client experience for a second. But the low fees itself, when I first got in, it was $29 a month. And that was the fees plus, it was 1%. But it looks like those fees, that's been over a year, I think. But now we're looking at pricing, no monthly account fees, 1% transaction fee. And that's if you, of course, when you buy or when you sell. And you guys also offer gold and silver 50 and 250. So any changes to that or is that pretty much the same thing? No changes at this time. We did have the $29.99. I think we got rid of it at the end of 2021, which feels like 10 years ago in crypto. But that was just something we're constantly trying to lower our pricing, be more competitive in the space. We originally made a name for ourselves by having more competitive pricing than the incumbents in their crypto IRA arena, who we felt like were dramatically overcharging. Now, it's not easy to do what we do. And it's not necessarily cheap to do what we do. There are inherent costs to having a qualified custodian and keeping the funds off balance sheet and utilizing a durable renowned institutional storage providers and having the level of client service that we have and take a lot of pride in. But with all of that said, we're always trying to be as competitive as possible with pricing. Yeah. And another place where you guys are actually competitive is this would be this, you could speak directly to this, because of course, head of client relations, client experiences. I got to tell you, when there's issues, because no one's perfect, right? When there's issues, and I've reached out to you or Daniel over there, you guys have always taken care of it. So I can't say enough, again, thank you for doing those things, because I put my reputational line. So I appreciate when you guys go above and beyond for all the things that we ask for. And that's either on email, direct contact, or even when we do different contexts through X or what was called, what's formally Twitter. So on the experience, I can't say enough about that. But how about this part here for the investment options? What are you guys, I guess, right now offering? Because it looks like, I mean, I'll be honest, you guys have actually done a pretty good job. Because when I got in, it was just Bitcoin, Ethereum, Solana wasn't there. XRP, Dogecoin, and then a couple. But now it's like, how many listings do you guys have now for all your cryptos? 35 digital assets are offered on the platform. And then we have the physical gold and the physical silver. It's the number one question that we're asked, particularly from the digital asset news viewers, they really want to know what we're working on next in terms of new assets, we're going to add to the platform. We've always been very conservative and cautious when it comes to adding new tokens. I remember when people were calling us asking us to be more like Celsius and be more like Voyager and offer interest, and they wanted us to add all these tokens. And particular, I remember it was like a running joke that we had like 10 calls in a row. We're all asking us to add Terraluna. And we have always been cautious. We've tried to avoid things that we and our legal team thought were overly risky. Now, with that said, we are taking new tokens seriously. We're looking into AI tokens. We're looking into some more meme coins, which I know are controversial. But if people find the need to allocate some of their IRA into tokens that they deem to be more fun, at the end of the day, we want to be able to add things that people want to see. So we are working on things like that and hope to have announcements at some point in the middle or later this year on new assets. Gotcha. Yeah, perfect. There's not to be said for just safety in general. And I will say before we get on to the ETFs and how that works out in IRAs, I want to say for everybody who was watching this at home, if you're taking a look at the different options that are available, remember, this is for a retirement account. So when I take a look and I know that I have to pay 1% for a transaction fee, I'm not really too keen in adding a lot of these cryptos because I don't know how long they're going to be around when I am at that retirement point at the age of nine and a half years old, which I gotta tell you is coming up pretty fast. But when I take a look at this, and I think to myself, what's going to be around for the long haul, what's really going to make it? And what is just hype? And I gotta tell you as a reason why Bitcoin is the primary crypto or digital asset in my portfolio. However, as a reminder, everybody, if you want to trade within your IRA account, it is tax-free because it is within the IRA in that preface. But just be aware that some of these will not be here forever and just something to think about. All right. So, Jared, let's talk about this. I get this question a lot. What's the difference between with a Roth IRA, with iTrust, and then just doing something with, say, like an ETF through Fidelity or through BlackRock because they can add that to their IRA? So, what's the pros and cons here? So, an ETF is a great way to get exposure into digital assets. But right now, Bitcoin is the only digital asset that has an ETF. So, if people want to get exposure to some of the crypto and digital assets outside of Bitcoin, they don't have the opportunity to do so via an ETF offering. An ETF is also just getting price exposure. So, if you want to be able to ride the wave and earn some of the gains that you feel are going to happen in crypto and be able to allocate assets into that, the ETF is a great way to do it. At the same time, you don't have direct exposure and then 24 seven access. So, if you're sitting there, our clients can watch the PGA tour on Sundays and then they can buy and sell digital assets at their discretion, which you cannot do utilizing the ETF. And a lot of investors feel like they're going to miss out on opportunities by limiting themselves to the 32 and a half hours out of the 168 of the trading day. And that's regular retail markets are open 32 and a half hours out of the 168. So, people feel that they're going to miss out on potential opportunities. Yeah. Well said. I got to tell you, I understand that there's a lot of people who say, well, the ETF is just safer. It's easier for me and I don't have to custody it. So, I guess the last question would be, who do you feel is like the ETF is for? And who do you feel like, say, I trust is for? So, I think that the ETF is geared for everyone. Don't get me wrong. But I do think that a lot of the flow that's been occurring into the ETFs are individuals and advisors that couldn't do so until it was available as an exchange traded product. So, there are people who are waiting on the sidelines that couldn't even do this until this kind of product was available. I think that this product from an ETF standpoint is also great for people who want to initially allocate capital into the digital asset space. It's a great vehicle to do so. What we really believe though is that after people do this, they put money into it and then they get educated as a result. And that's why we've always emphasized education and information. You can even see by these articles that you're sharing, we always put an emphasis on education because we think once people allocate, they're going to want to educate themselves. Once they educate themselves, they're going to want direct exposure and ownership as well as 24-7 access. And once they have that, we firmly believe that they're going to want to diversify into other digital assets that we and other crypto platforms offer. I got to agree. I think there's different strokes for different folks. And I think for some people it works out. But I think for the people that are on this channel and watching this video, I think it might be a little better for iTrust. And then of course, I will link this in the description, everybody. If you're taking a look at the iTrust Learn Center, you can find a lot of different articles that are pretty good. And especially if you want to just have different learning opportunities or if you want to orange-pill somebody, just send them this information. And then, Jared, last thing before we take off, any words of wisdom for the people that are just getting into crypto digital assets right now? Or actually just any words of wisdom, because you've gone through a couple of bull cycles yourself? I think if I were to give someone advice when they're getting into the space is to really focus on educating themselves, learning at their own pace, and not getting caught up in a lot of the narratives, because the narratives can get very overwhelming. And I think people just need to stick to basics. And for me personally, I love talking about the having because it's such an interesting concept that people who watch your show and our clients who watch me on this show are going to say, well, Jared, that's so obvious to talk about the finite supply of Bitcoin. That's a really low-hanging fruit. But at the end of the day, what they don't realize is the mainstream people who are just learning about this space don't even realize and take for granted that there's a finite supply of Bitcoin. I was having dinner last week with someone in the hedge fund space. And when they learned I was in crypto, they made a joke that, oh, well, can't you just print more Bitcoin? And the irony is that that's not even remotely true. Now, there are some cryptos where you can make that quick, but you can't do it for Bitcoin. So I think that once someone like that realizes the full potential of just Bitcoin alone, they're going to realize that there is a use case for this asset class and a reason why individuals, your barber, your grandmother, as well as big institutions are trying to allocate at least some of their capital into the space. Exactly. Well said. Well said, Jared. Well, everybody, there, of course, there's links for everything we talked about. If you're looking for more information or a deep dive, there's a link in the description. It looks just like this. And that will take you to information on iTrust and for a sign up. Now, as a reminder, iTrust is a sponsor of the show. And if you do not want to use the affiliate link, that is fine. You can go right to itrustcapital.com. But there is a sign up bonus, and that's up to you. So, Jared, thanks so much for stopping by. We appreciate it. And we'll have you back when some more news comes in. Thanks, as usual. Awesome. Great. So again, Jared, thanks so much. And everybody, thanks for sticking with me. So now that will conclude everything that has to do with the news. If you'd like to stick around, we'll do a little Q&A. I'll answer all of the questions, the best of my abilities. But if you've got to take off and enjoy Easter, go enjoy Easter. It's a beautiful day. But if not, stick around. We'll answer some questions. We'll go from there. All right, everybody. Thanks so much for stopping by. Like and subscribe on the way out, and that is it. So let's see. Happy Easter, Dez. Happy Easter, Naz. I was here with Darren, Nicky. Once again, London. Everybody's here. It's a wrench party. You're gonna love that. Let's see. Loringa says, the finite $21 million went out the window when ETH, and all the other blockchains were born. Now, since you can swap any coin back and forth into Bitcoin, that $21 million isn't validated. I don't think that's how it works. Any coin back and forth into Bitcoin? No, it's still the same thing. It'd be like saying, well, there's a finite amount of gold in there, and that number doesn't really matter because you can just use as much silver that's out there, or copper, and you can buy as much copper and swap it into gold. There's different numbers. So now that's not how it works. I'm sorry to say, but $21 million, and you have to also remember, and someone brought this up in the comments section, which was 100% accurate, we don't really know how much has been lost since the Genesis block in 2009. Some people say it's $3 million. Some people say it's over $6 million. Nobody really knows. And the reason we don't know is because some of this Bitcoin has never or has not been moved, but we just saw somebody move Bitcoin from 2010 and sell it at $70,000. So I don't know who diamond hands that, but congratulations for making billions of dollars just for hanging around for 14 years or so. And that is that for that piece. Let's see. Ah, Jenny, that's a good one. So yes, happy transgender day. So this was put out by the Biden administration just a couple of days ago. And today, Easter Sunday is transgender day, and it's a recommendation day. So I don't know where the optics from that came from. This isn't a political channel. It's all about crypto and digital assets. But you have to understand that the president and the administration that is in right now has a lot to do with how far we get with regulations. And I got to tell you, I think this is going to play a big part in the presidential elections coming up for these types of things, but I'm not getting into that. Rod, did you ever check on Adult New Project on ETH with plus 18 content? No, I'm good with that. Although, if you have to remember just how well the Internet did, it really did because of adult content. And it wasn't just because we could put a bunch of blog posts up. It really kind of came about because of that 18 plus movements. Let's just call it spade of spade. Let's see. The Shaolin says, if I could bring it up, little issues. There we go. When you can move, and this is a good point, when you can move between all the layer 2s without going to layer 1, then you'll be sold on ETH layer 2. Plus, BlackRock is putting world-world assets on ETH, probably layer 2. Yeah, and there's a lot of these new projects that are coming out. Like, I'm going to do a deep dive video today. I want to show you guys something. There's a great website called L2.Watch. And L2.Watch, let's see. Whoops. Bring this up. L2.Watch. L2.Watch is layer 2s for Bitcoin and the different projects that are coming out. I think that could be the next thing that's coming up. And look at these. And my favorite, of course, is Stax, which is down here somewhere. That's weird. So many. There's so many different products coming out. But yeah, if you can move on L2s on Bitcoin, the most secure network on the planet, I'm sold for that. It just depends on which one's going to make it. We'll see how it works out. But yeah, for you to, for me to just move L2 to L2 is great without going through layer 1 and some, some different products you don't need to go to L1, but it's kind of few and far between. A lot of these new products that launch, they just want to get it out there and they just launch on layer 1 Ethereum. I don't know why, but all right. Let's see. Well, yes, Tony, you are correct. Let's see. Stay humble. I use Engrave and Ledger. Both are good. I use Ledger. Engrave, some people love it. Like Meme, she's been here for in the comment section, talks about Engrave, loves it. Daniel, did you sell any slanted at 210? No, I did not. Did not, but I will tell you, I forgot this for some reason, it's not there. Oh, this is why. But remember the rules that we talk about as far as like taking profits, there we go. Let's see if this is one now. Like on that, the one that Stephen was talking about, so it's a cat, a shark cat. So shark cat doubled and I took my initial investment out because I don't know what's going to happen. So on that one I did, but so long I haven't taken any projects yet, but it's coming. It is coming. Fox Savage Gaming says most traffic should not be in layer one, especially Bitcoin. Most of the meme empty swapping should be directed to L2. I agree. Darren says, Rob, last bull cycle, did you have the urge to sell coins that were lagging and put that money towards coins that were running more? I'm having those urges now, but probably need to cool off. No, it wasn't at that point. It was at the points in the bear market when I was like, when I was taking a look at things that I thought would do well, and I'm like, why? Why am I? Because these ones haven't done much of anything. I said, maybe I should just roll those into the ones that I think could do pretty well. And I did a couple, but most of them I just stayed the same because you never know. You just never know the narrative that comes out. Like prime example will be Bitcoin Cash and Litecoin. I mean, they were named in that lawsuit and they were talked about as being commodities. And of course, the price pumps just on some goofy news. Regardless of if there is massive adoption, I hope there's use case or there's more wallets being produced or more transactions being done, it doesn't matter. It's just the story about how it's not a security and it blows up. So who knows in this situation? I just know that at some point we're going to start to, and it's getting there. It's, again, if you want to find out like when I'm going to sell 80% of all my crypto is a link in the description and the video is titled when I'm selling 80% of my crypto. And I take a look at some indicators. And then from there, I'm not going to hit the top. But if I get within 60 to maybe 70% of the top, I'd be very happy. And that's fine. I'm good. Fox out of the game. Why was the last time you checked up indicators? Let's do that right now. Let's take a peek. Let's see. So I got this handy dandy folder called sell indicators. Let's take a look at the NUPL, net unrealized profits and losses. And you can see here that it's derived from the market value and realized value. Realized value takes the price of each Bitcoin when it was last moved, subtract the realized value from the market value and we get the unrealized profit and loss. We can see that it's up there. Like I said, it's getting close. NUPL is 62%. What I like about looking at Bitcoin is first of all, it's free. And second of all, it's colorful. And I'm not a genius. And I like colors because it makes things easy for me. I'm like, oh, it's green. Time to buy. And it's orange. Think about selling. And it's in the red. Should sell. That's pretty much it. And of course, you can get into, you can get into all the different technicals of it. Let's take a look at something else. Let's take a look at PyCycle Top. Now, this one's one of the bigger ones, I think. Let's go to the 24-hour resolution. And again, this was retroactively looking at, this was created, I believe, in 2019. And it did a really great job in 2013, 2017. And it did a pretty good job of 2021 when it called it at $60,000. Now, the top was around $67,700 somewhere on there, but not too bad. And of course, this is when the 350-day moving average crosses times two, crosses over the 111-day moving average. And we can see that it's getting closer. But it hasn't gotten there yet. So that's something. And then time and risk bands. This, of course, is the information I steal from Ben's website into the cryptoverse. Don't tell him. But if you would like to sign up for it, there's a link in the description. And this is big stuff. I love this time and risk bands because right now, this is in Bitcoin, we're curling the 0.6 to 0.7. So again, it's heating up. I want to sell somewhere around the 0.8 to 0.9, maybe 0.9. And of course, we ladder in, we ladder out, right? But what's great about this is I can take a look. We'll take a look at ETH. ETH is curling to 0.7 to 0.8. Again, very hot. How about Solana? Solana is at 0.8 to 0.9. So I really should be thinking about selling. You know what? I really should. Let's see what else we got. XRP, 0.4 to 0.5. All right. ADA. ADA is at 0.5 to 0.6. That's crazy. And so on and so forth. Let's see what else we got. Sell indicators. MBRB Zscore. That really happened. So again, market value versus realized value. Zscore kind of takes out as much noise as you possibly can. We can see that it did a good job over here in 2021, 17, 13s. And we're not there yet. So just taking a look at that, I'm not really too like, I've got to sell everything at this point. So good reminder, box savage. Thank you. Let's see. Has anyone watched the Peter Schiff vs. Raoul Palavate? I did. Waste of time that I've, I was watching this. It's like, and I've said this before, it's like discussing or debating a flat earther and saying, you know, the earth is round. No, it's not round. There's this. And you give them proof out the proof of the proof. And they just won't believe you. And then they just, can they just keep pulling right past it? And then you give as much information as you can. And then they lie to you, right to your face. Like my favorite, but this was my favorite part of that whole, that whole debate was when Schiff said, because Raoul Pal said, well, how much is it, as far as like gold is as an intrinsic value? How many people are using this for jewelry, which is using that for the chips or for the gold properties to put on transistors? And Peter Schiff, who's an expert, said it's 50% or more. And then within five minutes, Raoul Pal came back and said, you know, I just used ChatGPT and it was 9%. So I don't know where 50% is. So 9% of gold. And before anybody blames me and says I'm just a Bitcoin Max, most or something, which I don't, crazy. I own gold and silver. I don't see a problem with it. So he said that and Raoul Pal said, yeah, so you're telling me that 91% is just speculation. You're just saying it's going to go up. And then Peter Schiff's like, well, yeah, and I'm like, why do we, why do we invite this guy? And even I'm talking about this was, sorry, I just wasted three minutes of your time. I apologize. Do you know when Polkadot 2.0 will come on? I don't, but that would be very great for the ecosystem. I'd love to see that happen, especially for, because I own Polkadot. It'd be great for me. John Velasquez is a very good point. So remember Ada was lagging and then it took off on its own last cycle. That's true. I remember when, you know, Cardano was 3 cents, 4 cents, 5 cents, and it went all the way to 297. So, you know, you got to have, again, this is one of those things where like it's tough to sell or transfer things. You're like, well, it could go up. It could go up and I, you know, I like the community. I like where it's going. I like technology. So I'm going to hold on to it, see what happens. And that's it. Big on dot. I'm not saying a big on dot. I'm just, I'm happy when it goes up. We'll say that. That's a good, that's a great question. How many more coins exist now than last cycle? People holding up for underperforming coins? Suddenly, pump are going to be just one. I got to agree. And there was, keep in mind of this, I'm going to show you, do you know how many coins from 2017 that were in the top 53? How many of those coins were actually in the top 53 in 2021? Let me show you. Because those didn't do well at all. There is a spreadsheet. I really should link this in the description, but I haven't done that yet. I put this together and I took a look at, I took a look at the top, the top coins from 2017, 2017, 2017, which I got in November, November or something, 2017. This was the top 53, Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Cardano. Okay, we can all agree. Pretty good so far. Now we're getting this crazy stuff. Iota, Dash, NEM. Anybody remember those? Some do. Monero, Bitcoin Gold was number 12. Come on. Stellar, EOS, NEO, Ethereum Classic, 16, Tron's still there. Qtum, BitConnect, I think we all remember that, was number 19. And then it gets like populous, when we say go, Lisk, Zcash, all right. Waves, yeah. Tether, tether. Stratus, BitShare, all the stuff you're not going to remember. And then the question I said was, how many of these in 2017 did they get to at least their all-time high in 2021? And out of all the 53, 11, out of 53, or 20%. So I have to tell you, I think what SuperAltum said is correct. I think people are going to be disappointed, but does that mean that they didn't do okay? Actually, if you take that same data and take a look at the 2021 high. So like Bitcoin Cash, the high was $3,000, 2021 high was $1,500. But the low was like, I want to say was under $200. And a lot of these, you actually did okay if you would keep dollar cost averaging through the bear market. And that's the trick. You have to keep dollar cost averaging when it just goes lower and lower and lower and you think this is not going to come back. What am I doing? I'm throwing sand in the ocean and then it comes back. So that's the whole thing. And I made this mistake with traditional equities and stocks. And it didn't work out for me too well from 2021 to now. I just sold a bunch of my stocks when it S&P 500 hit and all the time high. I'm like, I didn't really do too well because I kept buying Bitcoin and crypto and I didn't really care about stocks. And I just realized I'm like, hey, the only way you can really do well is in the bear market when no one wants to buy. It doesn't matter if it's in traditional equities, it doesn't matter if it's in crypto, it doesn't matter if it's in precious metals, it doesn't matter where it is. It's just how it goes. You just have to buy when nobody wants to buy. Now, some of these products won't come back at all. And that's just true, BitConnect being one of them, Terraluna filling the blank, it's just how it goes. Oh, Ryan says, I take profit in 2021. I purchase a new house. Congratulations. In cash, and now I'm retired. See, everybody, that might be what you want to do. Everybody's goals are different. Some people are like, no, I want to save this for my kids or I want to put this to my grandkids or some of them say, I just want a sweet upgrade to my 2018 Dodge Grand Caravan minivan, whatever that is, whatever you want to do. But for Ryan here, I'm sure that's what you want to do. And he hit his goals. Congratulations. That's great. Where do dogs thrive? He says, Rob, since I have nowhere near one Bitcoin, I'm hesitant to sell when it goes higher because I feel like it's just going to get bought up by the big boys leaving me too little to buy back in. I'm conflicted. Here's the question. And really, you have to think about it this way. Like, if you sell, do you need the money right now? That's the big thing. Do you need the money? Do you have an emergency fund where if something happens to you, you can sustain yourself for six months? Do you have massive bills you have to pay that are making you under water? And the answer is no. I'm pretty self-sufficient. I'm good. The question then you have to ask yourself is, do I need to sell right now or do I think things are going to go up? And that's, for me, that's why I look at these indicators like we just took a look at, which thank you for reminding me to do that. To me, it doesn't sell. It doesn't say for me to sell Bitcoin right now. Does that mean that it can't go to... I'm not going to say it's going to zero. I think that's ridiculous to say at this point. But do I think it can go down? Sure. Do I think the bull runs over? No. So for dogs thrive, for me, if it's me, I'm not selling right now. I think we've got a long runway to go. But it depends on what your needs are, what you want to do. I think the big thing is for everybody, just like with Ryan, to figure out, what do I want to do here? What are my goals? Do I want to pay off my house? Do I want to retire myself? Do I want to retire my whole family? This was a really good point that Lady in Crypto talked about. She said, the last bull run, I was able to retire myself essentially. This bull run, I want to be able to retire my family, my mom and my dad. That's a pretty great goal. So it depends on what you want to do. I'll just leave it at that. I try. Pizza pie is not round. It's flat. Only the good pizzas. Not that junk that they serve up in Chicago. Sorry, I'm not a big deep dish guy. Yeah, that's true. And the challenge got a good point. Maybe he just created the Bitcoin persona for the cloud. Maybe so. I just don't see the point of wasting time. See, we keep getting... Bitcoin is that trillion dollar coin the government proposed on making, letting people buy the future. It could be. There's a lot of theories that not the NSA created it, but someone who worked with the NSA actually created Bitcoin. It was a good piece by from DaVinci who was on London Real and talked about that. It was fascinating. If you ever have a chance, look up DaVinci, London Real, Bitcoin. And it was a good eye opening, we'll say. Welcome. Dee says, hey, are you going to stream on Dejan after you sell 80%? Debatable. I don't know. So everybody knows that once I sell that crypto, I step down from this channel because you don't need me. You don't need a pep talk in the bull run. Who needs a pep talk in the bull run? Like, I'm just going to tell you, like, look, I sold and that's it. And then, of course, I can just predict what's going to happen. I will be called a boomer and a paper hands and week. And that'll be for the tourists. And I'll say, well, it could be right. And that'll be it. And then, of course, you guys who are here are not tourists yet. You'd be like, hey, good job. Yeah, that's what you want to do. That's it. And then I step down and I don't come back until the bear market. I might stream, I won't stream on Dan Dejan, the second channel. That's for more risky stuff. But I'll probably put some videos out here and there. And that'll be it. But I'll have to make new rules for the Dan Dejan channel. And the big rule, I think the number one rule be remember to take profits. That'll be it. John says, probably dump all his eos on us. If beardy ever dumps all the eos on us, then we got problems. Peggy says, you would sell your Bitcoin. No, because again, in that video, I talk about selling 80% of my crypto. Because remember, I think one of the big problems is people go, well, if I sell, and there's a big massive, crazy blow off top, because who knows? You know, like Guy talks about a Coin Bureau. Central banks are going to be able to buy Bitcoin and put on their balance sheet in 2025. So what if we get nation states, not just El Salvador, but a lot of different countries that start to put that on their balance sheet and make it legal tender? And then they start to buy it up as the underlying asset that backs up everything. Well, in that situation, I'm glad I kept 20% of my Bitcoin and 20% of my other altcoins because it'll just go through the roof and it'll be crazy. If I sell 100%, then I'm out of the game. And then some people will say, well, Rob, I want to be out of the game totally. I want to sell 100%. Cool. That's good. Then you sell everything and off you go. You know, drink my ties in the beach. And I'm going to tell you right now, I tried to do that. And it's very boring. You're going to need purpose, but that's not for me to tell you. So if that happens to you, yeah, but for me, Peggy, I won't ever sell all of it. There'll always be something. And that's one of the last points I want to make. When you're investing into assets, you'll never stop. You'll probably, for the most of you, you'll never stop investing into assets. And at some point, your crypto could dominate your life. But maybe at some point, you get into my favorite, which should be real estate, land. And you get into that and start to cultivate those endeavors. Or maybe you get, you move more towards precious metals or equities or something like that, or real estate investment trust or something. But you'll never really get out because there's always opportunities. You'll see it. The big thing is, of course, risk tolerance and risk avoidance. And of course, how you can manage all that moving forward. That's it. All right. Thanks, Peggy. On that note, I got five bucks. I can go buy half a gallon of milk here in Puerto Rico. So I'm pretty happy. That's it for today. So look, if you like today's video, thumbs up, subscribe, all the good stuff. That is it for Sunday. And of course, we will see you maybe tomorrow. I got a lot of things, some deep dives to do. So maybe on a Tuesday. But anyhow, thanks so much, everybody. Enjoy Easter, happy Easter. And I'll see you guys on the next one. Adios.