 Welcome to Jalassette News to get top stories and cryptocurrency Jalassettes and break it down to bite-sized pieces. Today, we've got a lot of stories about Bitcoin and FOMO going on. First up, MicroStrategy targets 400 million additional capital raise and tends to use proceeds to buy more Bitcoin. And this is a good story, but what's even better story is the same CEO saying that anybody who bought Bitcoin before March of 2020 is a visionary. That means somebody just like you is really doing the right thing. Also, new data shows that Bitcoin is seeing massive inflows from institutions and gold is seeing mammoth outflows. And this is a good piece, but really it falls a little bit of flat when we take a look at the details. Also, this is a follow-up story from yesterday's video, Standard Chartered Bank to Launch Crypto Trading for Institutional Investors. And this one goes pretty deep and it's going to lead us into what Brian Brooks said that in the next four weeks, we're going to see some really big and positive news related to cryptocurrency and banks. And lastly, just an important note for anybody who is participating in the XRP airdrop, just know that if you have your XRP at I trust capital, there's a couple of things we need to go over on top of some bummer news also put up by I trust capital about crypto staking taxes before you know all that. Let's take a look. Let's go on the market. So today it is December 8th about 3 30pm El Paso Texas time. And we got a little bit of a dip, a little bit of a pullback. And this is health. And this is normal. This is exactly what I was waiting for. And I know there's some people out there like, dang it, I really wish it would just keep going up to the moon. And I remember when I was coming around in 2017, I just remember would hear the YouTubers, they always tell me like, Oh, this is great. It went down a little bit. I'm like, Are we looking the same thing? It kind of it just kind of nerve me. But now I get it because I've been in for four years now. Just dollar cost average over all this time. It doesn't really make a difference. I'm actually happy when it goes down. I'm happy when it goes up. So Bitcoin is down now almost 2% for for the week. Ethereum is down 4%. And that actually took a big tumble. We were at 610, 618. Now we're at 566. So a little bit of a drop. So that's good for me. I mean, this is these are my days. XRP down 5%. Watch out. Tether's Tether. Nobody really cares. Well, maybe one person cares. So for you, that you care, that's great. Tether's at 19.7 billion, almost a 20 billion. Love to see an audit on that. Bitcoin down six. Let's see. Let's just say it. Everything's down. Top 20. Everything's down, down, down. Yeah, pretty crappy day. What can you say? Now let's take a look at the all important Bitcoin factor. So if you would have invested in these alts, you would have been ahead of Bitcoin. Stablecoins and nothing. So that's what's going to market. Let's jump in today's top story. So first up, I saw this story all over Twitter. And Twitter is really what I get a lot of the information. Everything kind of goes faster on Twitter. You can just send a tweet super quick. It's not like you have to do a video or write up an article like this. So when I see this, I'm like, you know, maybe everybody has seen this, but there's the next story we're going to talk about. I think it's a bigger story. But so this is what's going on with MicroStrategy. MicroStrategy is going to buy 400 million extra of Bitcoin. And I think they know something we don't. That's just my assumption. Not only that, but they have the inside track on a lot of things. If you don't know, Coinbase was the one that helped them really skewer the market and to accumulate Bitcoin without raising the price. And again, I don't take anything away from that, but I think Coinbase is really focused on institutions. And that's just how it is. So real quick, the company revealed MicroStrategy revealed on Monday that it's planning to sell 400 million in convertible senior notes, debt securities that can be converted into the issuing company shares to qualified institutional buyers only in a private sale. MicroStrategy will then use the proceeds from the sale to purchase more Bitcoin. So like, hey, we want to get rid of this worthless stuff that we have and we're going to take 400 million, you know, half a billion, not too bad. And we're going to go, you know, buy Bitcoin because that's just what we do. This was the official announcement. MicroStrategy intends to invest the net proceeds from the sale of the notes in Bitcoin in accordance with its Treasury Reserve policy pending the identification of working capital needs and other general corporate purposes, blah, blah, blah. Really what it means is this, Michael Saylor has convinced everybody from the top down that Bitcoin is the way to go and is the only way to go. He has been talking about, he is not going to give it up. He is not going to sell. And when I see something like this, I'm like, this is of course, bullish news, obviously. But the real question to me is what does he know? What does he know that we don't know? Because I know there's a lot of things that are going on the background that we will never get privy to. So we kind of have to look for clues and see what's going on. And this is a big clue. So this is a great article, but this one really touched home. And all this time that you've been ridiculed and you've been talking to your family and Thanksgiving just came about Christmas is coming up. And you're going to be talking to them again. I guarantee you're going to be saying something about Bitcoin if they don't shut you down. And this is the type of story that I like to see because it just gives us like another affirmation like, yes, I knew this is where it could go. I knew what could happen. I feel that this could actually be a very big thing. I believe this is going to be bigger than the internet in the late 90s. So this was a, there was a fireside chat between CZ Binance and Michael Saylor. And this is what he said. And I thought it was great. He said that he would have hardly entered Bitcoin so easily prior to March of 2020. And the Black Thursday that pushed Bitcoin on the charts 50%. He states, all the work was done before me. And he, when he gets into it, he really talks about how like he had to be convinced and convinced and convinced until people just beat it into his head that Bitcoin was the way to go. But then when he got it, it was like a light bulb just turned on. And he's like, Oh, I know exactly what it is. I know exactly where it's going. I know exactly what we need to do. And I think that's kind of like the thing that we need to talk about to our friends and family. And if you haven't clarified your thoughts on Bitcoin, go ahead and check out my video on the Bitcoin elevator pitch. You can find it at my 100% free website, danteachescrypto.com, and he gives you everything you need to know to pretty much clarify your thoughts so you can tell people and not fumble over your own words. Anyhow, Saylor states that he is standing on the shoulder of giants. He specified that all the work to convince him that Bitcoin is a suitable inflation hedge was done by the OGs, the old gangsters, the people that came before him, the people that were into the industry a long time ago. And he stated this, getting into Bitcoin before March would have been visionary and courageous. So when you look around and you think to yourself, am I doing the right thing? And because it just seems like some days, and believe me, even I get like, like this some days, I'm like, man, is this the right thing? I always feel like it is the right thing. I know it's going to happen. The real question is, you know, when is it going to happen? When you see articles like this though, and you've got a CEO of a multi-billion dollar company, and he's going headfirst into Bitcoin, and he's making the right choices, and there's everybody behind him going, you know what? I want to be that guy doing what he's doing. And I want to bring my company back from the brink and make these huge profits. I think it just says something to, you know, where you and I are going, where we've seen things, and what we could potentially be. So that's what I have for that piece. Let me know what you think in the comment section. Let's move on. Next up, I love these articles by Alex. He's a great writer, but this one fell a little flat. I'm going to explain why. So Bitcoin sees massive inflows from institutions, and gold sees massive outflows. So what do we got? So according to CoinShares data, published by International News Agency Reuters, 1.4 billion of institutional money has flown into Bitcoin-focused investment products over the past few weeks. By contrast, gold has seen massive outflows of 9.2 billion during the same time. So when we look at this, we're like, wow, 9.2, but it's a lot of money. Not. It's a drop in the bucket. I mean, just our entire market cap of cryptocurrency assets is a drop in the bucket of $560 billion. And it's the thing that I always talk about where I see all the world's money in a visualization. Just real quick, everybody's seen this a thousand times, but here's a square. It represents $100 billion. So if we get down to gold, this is gold. This is all the money and that is in gold. It's actually almost $11 trillion. So when we start to talk about $9 billion, that's nothing. That's just nothing. Now it is over a couple of weeks. Who knows what's going to happen in the future? But again, it's a positive thing, but I see that it should be accelerated at some point. And then just looking at all the money in the world, there's this one thing that I always like to make mention of, derivatives. Like options and futures and swabs and things like that, that's where the money is. And tokenization of real estate and all those good things. So when we start to talk about gold, I mean, even if we capture 25% of gold's market cap and we're at 2.5 trillion, that'll mean that Bitcoin will be around $120,000-$150,000 per Bitcoin. I can definitely see that, but this is a good article, but again, falls a little flat. It's just, it's a start. That's all I will say. All right, let's move on. Next up, standard charter, bank to launch, crypto trading for institutional investors, sources say. And we covered this yesterday where the CEO had talked about that cryptocurrencies were in inevitability. It was going to happen, so he just couldn't see any way around it. And I was like, well, that's kind of interesting. Another big banker talking about cryptocurrency. So, you know, we won't hear anything from him for weeks, right? Well, very next day, here we are, same guy, same, there's another source who's saying, nope, there's a lot of things going on. So what's happening? Well, standard charters, well, first of all, if you don't know, standard chartered is a British multinational banking and financial service company, headquartered in London, operates a network in more than 1,200 branches and outlets across more than 70 countries, employees around these 7,000 people. So it's a pretty big player in the banking industry, we can say. When they talk to other banks and they're starting to get them into the game, their voice carries a lot of weight. And what they've done is they've taken five of the biggest OTC or over the counter traders and four exchanges and will include an Ethereum based settlement token for their trading group, which is pretty impressive. The firm involved in the custody and training projects include LMAX and Arisex. So standard chartered plus five of the biggest traders and digital assets and four exchanges are about to get this new model started, says a source, I think the first test trade will be next month. And I'd say it'll end up involving the 10 biggest exchanges in digital. So that's pretty fast. I mean, if you think about it, banks are not known for innovation, they're really not known about getting their tail and gear. And here they are, they've already met with people, they've already done all these things and they're going to actually do this by next month. Now, I will just say this, nothing happens that fast. Nothing happens to where like you had a meeting, you're like, let's do it tomorrow. This has been going on for a very long time. I can guarantee that. How long? I have no idea. I don't go to those meetings, but I can tell you that these bankers that are getting together, they know where things are going and they want to be a part of this ride. So this was the interesting part about settlement token. So the settlement token using center charters crypto trading platform will be based on ERC 20 standard. So they're going to create a whole new token, obviously, but they chose the Ethereum platform. And it's like I've said, if you don't know what to invest in, just invest in Ethereum, because everything's built on that. And here's another key factor that bankers are like, you know what, we don't really know what's going on. So what is built on ERC 20 if they're in base? Crazy. A lot of people were pushing to use hyper ledger quarter, but we have specifically gone for something the native crypto community are comfortable with the sources said we're building our own token of fiat collateral and hoping that will become the equivalent of Tether. If they could become the equivalent of Tether, that is a huge market cap. Let's see if they can do it. Except the tokenized collateral or money will be held in the trading bank account of a proper bank like a center chartered, a JP Morgan, a Deutsche Bank. And this is the problem with banks. They only know how to do things their way, which kind of makes sense, right? I mean, if, if you're an old institution, you're like, well, we do it this way and we, and we, and we make settlements and we have accounts and there's physical processes, that works in the, in the old world, right? But for what it is right now, I think they're kind of missing the boat about what it is. But again, banks aren't really known for innovation. Let's be honest. So if this works, I mean, so much the better, but I think it's going to fall very flat. So standard chart has been working on this for a long time, obviously. And it's generally working with other giants in the crypto space. I wonder who that could be coinbase. This is extremely serious and not some proof of concept. They have passed all the checks and compliance and are bringing in some exciting names. Bank banks who once shun crypto are fast warming to the idea because they don't want to be blockbustered with Spain's largest lender, BBVA, said to be launching a digital asset custody and trading offering out of Switzerland early next year. And this really just plays into the part of what we heard the czar of OCC, the office of the control of currency, Brian Brooks, where he stated this little nugget. New regulations by, by the end of the Trump term. I think you're going to see a lot of good news for crypto by the end of the Trump term. Some of us going to have to do with banks connecting to blockchain. Some of us going to be more clarity around the nature of these assets. So believe me, there's going to be very positive messages coming up. What he just said right there, we're going to have a lot of good news and it's going to be about banks and it's going to be about the process or what cryptocurrencies are and how we define them. So he pretty much just gave you right there and he said this is going to happen by the end of the Trump term and we are coming up to that. Unless you believe he's going to win some kind of like lawsuits and he's going to get everything overturned. Sure, maybe. I don't know. But I mean, the timeframe still stands. All right. So three to four weeks and that's what's going on. And I could just, I mean, if we kind of put the pieces together and everything that that's happening, I mean, gold losing losing out to Bitcoin, you got the micro strategies, the big institutions coming in, the drunken millers, the Paul Tudor Jones, the TD Ameritrade's, the Fidelity assets. I mean, you can kind of see what's going on in the background. Now we got these banks who are really, in my opinion, they're foam only in and I think they are the ones that are going to drive adoption of cryptocurrency. In the beginning it was all, you know, anarchists and libertarians and then it became people like us, the speculators. Now I think we've got that third phase, which is these institutional investors. I think they're going to pull us over the big hump and put us into the stratosphere. I could be wrong. Let me know what you think in the comments section. Let's move on to our next piece about the flare airdrop. So, flare airdrop. If you use iTrust Capital, I have to tell you that there is something very important that I want you to miss out and that is that this, that there is going to be two snapshot dates. So if you have your XRP and iTrust and iTrust only, I'm not talking about anything else. I'm not talking about sales, not talking about Voyager, not talking about Coinbase, not talking about any wallet that you have, just iTrust. There are two snapshots. One is December 9th at four Pacific center time and the second one is the flare network snapshot. So the first one is for iTrust to kind of get their works in order and then two days later on December 11th at four, that's when the flare network snapshot date is going to happen or December 12, 000. So I've always said this, just give yourself two or three days and don't move it. Just leave it there and you can get the airdrop. Now just so you know, you will not get, it's not a perfect one-to-one, they're going to, the flare airdrop is going to be leaked out in percentages. So it's like 15 to 25% or somewhere around there and then as time goes on and Q1 2021, they're going to leak out a little bit more and then Q2 a little bit more. So you will not get all your spark airdrops all at once. So don't go complaining to the exchanges, especially Coinbase, they got enough to worry about over there because you're not going to get everything. And then on top of that, you don't know if the exchanges you have it at, if they're going to actually list Spark because they have to go through the whole rigmarole of seeing if it's actually going to be qualified, but it is amazing how Spark wasn't really covered by anybody like three or four months ago. Then all of a sudden it's like everybody's like, yep, we're going to do it, we're going to do it. So I have to tell you, I got to tell you, I got to tell you, I think it really comes down to the strength of the XRP Army because they were like, you're going to do it and you're going to make sure it happens. And guess what? It happened. And that's the beauty of coming together. Everybody actually having one singular voice going, do what we want because you work for us, not the other way around. Anyhow, that's how I see it. So there's that. And there's also a little piece here on crypto stake. I'm going to link this in the description, but just so you know, if you're staking in any way, shape, or form, the rewards that you get are also taxable. And if you don't want them to be taxed and you want to try to minimize your taxes, I'm not saying to avoid taxes or escape taxes. We're not Al Capone. We don't try to get away from our taxes. There's a way to minimize that. And you can use that in I trust capital. It is a crypto IRA. So if you have an old 401k, a 403b, a TSP or anything like that, or you want to start up a brand-smaking new IRA, then go with I trust capital. There's a link in the description. It'll give you one month for free. And also there's a video about why I personally use I trust capital. But again, just so you know that if you're going to be staking and getting rewards, those are also taxed, which kind of sucks. It doesn't kind of sucks. It sucks. And that's a bummer. And also a quick update on the DNews Cardano staking pool. We are at 2.3 million. So that's pretty great. We did this in less than 24 hours. And just so you know, the saturation point is 63 million. So we got a ways to go, but I mean, that's massive for that. So thanks for trusting us with your staking. I hope to fill this pool up and start another one. And then we will go from there. Also, there's going to be some exciting news. It looks like we're going to be doing something with charities and other stuff like that. So I will let everybody know. Also, starting the 14th of December, we're doing the 12 days of Christmas. That's just what I call it. We know it's something different. But the 12 days of Christmas, we've been doing a lot of giveaways. So 2020, let's be honest, sucked, which is just a crappy year. So what I want to start the next year off, right? So let's just do some good things. And what we're going to do is every single day, beginning December 14th, all the way 25th, we're going to be doing some pretty big giveaways. So the first day, it's going to be stone books. I'm going to give away four shield folio or stone books. And it's going to be super simple. Just show up, watch the video, make a comment, and I'll draw four names. Easy peasy. On the second day, we're going to do nanoledger. I'm going to give away two nanoledger Xs. On day three, it's going to be those extra premium leather wallets with the tracking inside. And those just the first three days, I've already got it all the way lined up through the 12th day. And I got to tell you, it's massive. So I'm going to say thanks to all the suppliers out there who I reached out to, and they all said yes. I was like flabbergast. I'm like, great. And let's get this thing started off right. So begin the 14th December. I'll let everybody know. I'll remind everybody and we'll go from there. So that is it. So thanks for sticking with me through all of these stories. I really appreciate it. If you like these types of videos, it's going to be two months going to pop up on your left and right. I'll let YouTube do their magic. I'll see you on the next one.