 Great All right, everybody welcome digital asset news take a top stories in crypto and break them down into bite-sized pieces So before we start let's do a little housekeeping Make sure that the audio is good And the visuals are good and all that great stuff because there's nothing worse than doing a live stream Which I haven't done in quite a long time Actually, I just did it today because I got so busy that I thought this is probably the perfect time To actually do a live stream and save some time Unfortunately James over there the best answer was trimming the exact same time so I had to push it back But here we are a big deal. So just make sure that we are all sets looks like we're good. Perfect. Everybody's happy fantastico Let me put this back So today everybody The interesting day it's an interesting day As far as what is going on so we're gonna talk about three things first of all we're gonna talk about how Well Jack Dorsey stepped down from Twitter, which we already know about four or five days ago and now blockbuster revelation Pun intended square is now going to be called block and what the ramifications are For Jack to do that and the team to change everything over and going from square and the subsidiaries that it serves Now it's we call block and what of course I believe to be the next big thing of what they're servicing also going to talk about how there's a Puerto Rico blockchain week. So if you're in Puerto Rico, I will be at this event Just perusing the booths and listening to some pretty smart people So if you're around to say hi and lastly, we're gonna talk about CEOs and insider stock sell-off. It's It's actually a pretty massive proportion about how many people how many CEOs insiders are actually selling off Compared to the last decade. This is one of the highest we've ever seen So we'll take a look at those three things. But first let's take a look at what is happening with our market So today's not a bad day. I mean all honesty, you know, we're up a whopping point zero nine percent That's just sounds so lame. I got to be honest with you two point six three trillion dollars But I mean hey, it's not uh, it wasn't that that drop off like we saw on friday after that You know that big scary event with the different variant now I for one I got to tell you I got to tell you I think it was one of those That was probably my best dip buying day I've ever done because it it Fell back so aggressively, but then it bounced back so quickly. It was like the easiest 10 15 30 percent I've ever made in my life and I didn't have to do anything. All I had to do was just buy It was just great But uh today now we see the prices. Uh, let's see bitcoin 57 2 Really, the big thing is what's up. That's the that's what I'm always curious about. Solana is up 10. Wow It's in that number five spot cardano. Wow buck 55 down a little bit 7 for luna taking off nice Matic layer two solution or sidechain solution whatever they want to Distinguish it as for ethereum up 12 percent algorand looking nice Elron anything good good good anything down majorly No, not really. All right. So that's what's going on in the market itself. That's not the big story. The big thing is Square is now called block and I found this to be It's just amazing to me because I mean not too long ago We saw facebook changed his name to meta meta, which you know, they're going for the metaverse We'll see how that all plays out. I'm sure there'll be a nice open area and there'll be no stealing of Of private information I have to do right now just kidding that's a joke and it's just so they They did that that movement and now here we are With jack dorsey stepping out from twitter and changing everything over as far as uh going from Square to block and When I saw this tweet we talked about this about a week ago when he stepped down There was a tweet from from jack dorsey on june 4th. He says I don't think there is anything more important in my lifetime To work on other than bitcoin. Well now he's going to get his wish because this is exactly what's going on This is exactly from square and it says this it goes look. We're changing our company name So we can give the full square brown to our seller businesses Uh, so now we need a name to tie square cash app title and tbd 545 6 6 9 7 5 Together into one the name is block and they explain exactly why it is and really they they really delve into it like it's It's they don't really care about what's coming in. They said they're future proofing everything We don't really care if you want to call it the omniverse the metaverse or where we're going But in all honesty what they're really looking to do Is to put a lot of manpower and brain power into bringing Blockchain and more specifically bitcoin to the masses and I think when they talked about this here tbd 545 6 6 9 7 5 if you don't know that is find that tbd 545 6 6 9 7 5 is A A d5 project for bitcoin So they're trying to turn in bitcoin into a decentralized finance play and you can read the white paper right here introducing tb decks And it talks about the bitcoin white paper, but this was the most interesting part about it There's no governance token The pd the tb decks protocol allows participants to negotiate trust directly with each other Or mutually and voluntarily rely on trusted third parties to vouch for the counterparty Transaction costs are ultimately driven by risk At maximum anonymity transaction costs will be higher at maximum disclosure They should be lower and they talk about on and off ramps for fiat To get people into cryptocurrency at a fraction of the cost So that is what tbd bubble ball block actually is and then just so you know for For the square name itself. They've changed over everything already. So right now Square is now block block at blocks and if you actually go to The square website sometimes it'll redirect you sometimes it won't but this is the new Block website for what it is kind of interesting. You know, it's very strange actually, but uh I'm very eye appealing and of course, what does it have on there? It's got block vibes for Their title product and these are all the difference Things that they're putting underneath square cash app spiral title blah blah blah blah. So yeah, so I look at this and I'm like This is why this is important not that it's uh Not that bat him changing everything over everything. I think it goes like this When I see that that jack is doing all these things to kind of really push into bitcoin It kind of feels like in 2017 Where we just really speculating really couldn't do too much and now with with with bitcoin taking off Especially in el Salvador being an actual cryptocurrency. Thanks to lightning And actually moving things in the right direction. It kind of feels like we can do a lot more things and I think if you have Not just jack doors. He's just one person every smart guy But he's had a lot of people behind him a lot of brain power a lot of manpower and a heavy heavy amount Of finances to push bitcoin at the forefront You can do a lot of things and this isn't just great for bitcoin I know people will be like, ah those bitcoin maxis Doesn't matter it doesn't matter if if you're a bitcoin maxi or you're an altcoin all the way to your heart It doesn't matter this will really Rise all those boats in in the harbor when when the water rushes in Because if you've got people out there going, you know, I don't know if I should invest into crypto and digital assets Well, now you can say well look the same guy who ran two billion dollar companies twitter And square cash happening anything else He's focusing pretty much all his efforts into bitcoin like oh that sounds pretty interesting So how can I get bitcoin and what does it do they don't care what people don't care what it does They just want to get rich, right? So they'll go into some exchanges. You'll recommend like wow bitcoin 60 000 Maybe I'll buy a piece of that Maybe you'll tell them and remind them they don't have to buy a full bitcoin They can buy a fraction of it. Please tell everybody that but they'll usually look at this and go I can't get into this and then they'll look at something, you know, let's say wow Well, ethereum is 4 000. That's still kind of pricey. All right. Well salon is a 220. I can see that Okay, well cardano is at a dollar 55 Okay, I can get into that and then doge coins in it or whatever else it is So if people just think that this is just good for bitcoin You have to understand the mentality of the retail investor that are going to get into this So I think this is actually a great play and it could be pretty good Especially if you have like I said like that much Brainpower behind it and an effort. I mean there's really no stopping what you really could do And then I thought this was actually funny just a little bonus round Uh tbd. This is their this is their twitter account. There aren't many many followers But they are following one person and that one person has a guy named greg And greg I'm greg. I like football and stocks In my birthday. I'm from Kentucky. I'm an investor. I like to golf at golf courses at greg multiverse That's uh at greg multiverse pretty cool the multiverse of greg's pretty funny And then uh, that's that's a pretty good game And then uh, you can just see like like where things come from as far as like uh These big accounts and what they follow This was I think the most funny kfc Stick with me for a second Do you know who? First of all, you're not from the states kfc is this big fast food place. It's all it's delicious food But it's really bad for you. So ksc has 1.5 million followers and guess what they're following 11 people just 11 11 people who are they following my question? Well, they're following jerry hallwell melanie brown Emma button melcy victoria beckham and a guy named herb Shribner herb wesson herb waters or dean Herb sandic and herb albert and why are they following just these 11 people? Because the secret recipe for kfc Is 11 herbs and spices and this these are the spice girls everybody So if you're looking at a pretty great game, uh, that's uh, that's kfc did here with their who they're following You can't get better than that 11 herbs and spices Uh six guys named herb and then the spice girls fantastic. Anyhow, that is what is going on It's now a square is now into uh now being called block Let me know what you think about that in the comments and we'll do a little q&a at the end Now let's just finish up real quick with Guess what? Puerto Rico blockchain week So if you're in the island or somewhere close once you come on down, this is going to go on for all next week That's December 6th through 12th. I'm going to link uh, this this uh, blockchain week.io in the description And a lot of good things uh going on. They're going to talk about how you can get down here. They're going to talk about how you can, uh Minimize your taxes and do all those great things. They're going to have a uh metaverse play in old san juan That's going to be on tuesday coin agenda, which is just more the same thing But they're going to get more deeper uh defy nft security and they're going to have a lot of There's a lot of people on the island as far as like The crypto community and you're going to be shocked if you come down here to see who's gonna who will be showing up on stage And then of course you got a limitless like it's a super expensive white Town of white dress events, which I probably will not go to but the rest of stuff looks cool And uh, you can you can sign up for that and uh, I'll just be walking around and you can meet Me and the team from trade the chain all those good stuff will be there So just stop them by and that's what we got and then lastly Just to uh round it all out Uh, there's a lot of people selling stocks and those people that are selling these stocks are insiders and CEOs and you can see right here This is from cnbc And it kind of laid out as far as like the sales that is going on and insiders could be The inside corporate track as far as who it is as far as like the ceo's cfo's and things like that But look at this. It's amazing to me that the american government Well, lots of governments do the same thing But not like america can print so much money And it can prop the stock market up and it can really bolster everything And when you print a bunch of money Usually that money goes into the the pockets of the ultra rich the 1 percent not against the 1 percent rich I have no I have no qualms with them but uh They tend to play a pretty dangerous game By just saying thanks for all that money. Oh, you're helping to prop up the stock market. Great. Well before Uh, the rug gets pulled. I'm gonna sell like crazy. So this is what they're doing and you can see it over years I mean, when do we have that massive amount of uh Money printing well this year and last and uh, we are up big time So this was uh, actually an article And there's three points to it and it says this CEOs and corporate insiders have sold a record 69 billion stock as looming tax hikes And lofty share prices encourage many to take profits nothing wrong with taking profits I have no problem with that As of monday sales by insiders are up 30 percent From 2020 to 69 billion and up 79 percent Versus a 10-year average the selling is likely to increase Even more as december is often an active month for sales due to tax planning. I'm going to read that last sentence one more time The selling is likely to increase Even more as december is often an active month for sales due to tax planning so Here's the thing that's uh That's going to continue and uh, you're going to see a lot of people sell off and the thing was is that The bull run in in 2017 At 2013, uh, it was mostly by well in 2013 2012 most were libertarians And uh, then retail took it over and retail propped it up to almost 860 billion Market cap in 2017 was all retail. It wasn't a lot of institutional investors they there were some and those are the ones that shorted everything like crazy when uh, when the bitcoin futures came out on the on the cboe and uh, but now We have a good amount of retail, but there is a ton of institutional investors and unfortunately If you really think about it uh, if you're concerned about the government potentially doing a lot of Uh, hanky-panky things with uh with laws that are coming out Maybe for capital gains. Maybe maybe more so you might think yourself. Hmm. Maybe I should sell some Maybe I should sell a little bit. So There's a couple of things I could be totally wrong. Hope i'm wrong And uh, nothing really happened and people were to sell off just a little bit I mean people are still going to sell off, right? They want to sell off their gains because they have to pay for their taxes next year Okay, so that could potentially happen and then So what if it does? So if it does and there's a lot of more institutional investors in here, uh, that could sway things a little bit more What could happen then in january? Well if they sold off Maybe they're going to buy back in a little bit more as time goes on because they're going to see a little bit of a dip And that could happen. So you have two ways that I see two ways that this is actually going Either they're going to sell off and it's going to cause a little bit of a panic and people are going to sell or They're going to sell off a little bit of a dip and just like on friday, which was a great dip Very easy to make a ton of money Because it shot back up like almost well today. We saw the price And then it goes back up and people just like you can sell and do that But we're there's so many different people in here. We'll be okay. We're going to put it in and then you just go that route or or Not too much happens and we just continue on and people just keep putting money in and then we I continue this bull run into january february march or april I don't really know But I do know one thing and that is if you just take a step back and look at things go. Well Maybe for a week or so just like we just saw and again and again again It might not be the greatest time like we might see like a 10 pullback a 15 percent or 20 percent pullback But in the long run and that's why I like to share these types of stories and things that are going on in the long big picture About what is happening in this space It's massively bullish and it's going to take over like I've always said it's going to take over everything There's going to be so many jobs created that people only know what the heck they are right now Who would have thought in 1980s? Some of them would say hey, I need a social media manager and someone to do my seo I'm like, what are we talking about? So like these days, there's so many things going to be created We don't even know what they are and that's really what we got. So that's it So look, uh, if you like today's video give it a thumbs up consider subscribing all that great stuff and then Let's jump into a little q&a. Shall we? And that's it for the video. All right. Let me let me pull this down hide comments top Akeman says don't stream the same time as James. Yeah, that's why I pushed it back I pushed it back a little bit so we could all be here. Let's see what else he got This was a good one midwest scratch says i'm thinking about crypto IRAs for staff thoughts rob Or is this a crypto? Handcuff 5k per year. You only get it if you stay three to five years manners only so Well a couple of things 5k per year you only get it if you say oh, I see I see so what so midwest scratch is He's looks like he's trying to offer an IRA to his employees as they come in look. That's a pretty good deal. I mean Any any place that can offer any kind of benefits like that Especially a crypto IRA that you get if you say three to five years great incentives to actually stick around and right now We know that it's very hard to find Employees and it's really hard to find talented employees So if you can bring somebody in with a crypto IRA and like this is this sounds like me and I really like what we're doing here So much the better. Yeah, go for it Let's see. I kind of feel bad for Bitcoin maxis. I don't I everybody's making mine I don't care if your bitcoin maxi ethereum maxi tomato coin maxi doesn't matter everybody's gonna It'll just it won't go up forever But uh, we're in the right place the right time in the right asset class. Let's see what else we got Thanks for answering you're welcome Yeah, you too. Hello from canada fantastico fantastico Uh, sure all stocks on wall streaks are smashed. I'm not really let me show you something I was thinking I was thinking to myself. Well if If this is happening and there's a huge sell-off, what are we seeing in the uh, crypto market? It's not that bad or not in the crypto market. It's original the traditional market in all honesty. Look at these numbers Uh, the s&p 500 Plus 0.39 nasdaq 100 0.45 dow 30 0.43 russon 2000 0.44 us dollar index is up amazingly There is one caveat. I'd like to say Remember that the u.s. Government fed They're propping up the stock market. We all know that right we all know that they're buying bonds and they're they're They're buying these securities and they're propping things up at the tune of 15% They're gonna taper things off uh later as time goes on but even with that Even with that They're only up this just this much with all the different people selling off and bitcoin index This is just an index is down just a little bit 0.42 percent and it's still Outperforms Any stock out there to my knowledge. So I think we're doing pretty darn good uh, and I think uh, even the uh traditional markets doing okay for all the people that are selling like crazy But they're gonna make a ton of money. So good for them. Good for those guys. Sure all right Hi rob will the bitcoin market look black as soon as we enter the bear market potentially I mean look, I don't know when it's coming Like when I had cto larson, we saw the same thing I don't know what's gonna happen. I do know that nothing goes up forever And of course, uh, I dollar cost average and I dollar cost average out So If you want to be safe, uh, that's just what I'm doing. I can't give you advice on a financial advisor Just investment opinion not investment advice Uh hit that like button block. I love it. Yeah, and if you if you're late to the show, we won over three things we talked about how Jack Dorsey stepped down from twitter and then um He took over Him and the business square There is now called block and it looks like they're going to focus a lot of their energy on blockchain more specifically Bitcoin and more specifically, uh a defi platform run on bitcoin Called tbd five five eight nine blah blah blah whatever it says So that's the first thing we talked about. We also talked about, uh, Puerto Rico blockchain week if you're here in Puerto Rico I will be at the blockchain week Perusing and listening to people and then we talked about this ceo sell-off because well, that's not a big news ceo sell-off all the time Jack is legally changing his name to bitcoin. That would be pretty funny That would be actually funny Let's see No one likes Dorsey No one likes jack Dorsey. I like jack Dorsey. I think he's done some pretty good things Oh my god. Look at this guy Finally showing up after making all his millions of dollars trading. What's up, mullet? Just doing the moon boy thing mullet. That's all Kind of jack Yes, they do have kpc in other countries. I just don't know how far kfc Jumped out. Let's see where else that Is Nancy Pelosi currently buying and selling? I don't know But she's got she's got some if you want to follow anybody as far as a trader follow Nancy Pelosi I think her track records like an unbelievable. There's a twitter account Uh called the real Nancy Pelosi or something like that where they track all of her Her portfolio buys and sells and it's like scarily great like I think she outperforms all the hedge funds Ah I trust capital welcome aboard. Oh if you guys didn't see there was a great I did a video yesterday where it was um I trust capital fidelity digital assets genesis And ny dig and they talked about taking bitcoin in the modern portfolio And it was a good it was a good discussion. You can watch the replay link is in the description And what they talked about was just how you can you know integrate bitcoins who these modern portfolios, especially You know these well as anthony, you know, it's talking about Roth IRAs and traditional IRAs and set by IRAs and even for our retirements and things like that It was it was pretty good. And then they just all had their own opinions. So definitely check that out. Yeah, good stuff This is a good one. James and Rob should sync their videos that one tells people to go the other Ah, I should but I honestly guys. I don't do a lot of live streams I just do it today because I had so much so many things going on and um, there's There's three projects That I'm going to be talking about very soon That are just they're just gems. They're just really good and the people are good And um, they're not crazy whacked out things. They're actually things that uh, You know have a lot of traction and you've heard about a lot and I've talked about a little bit I'm going to be doing deep dives of those. So I was talking to those three people today and I'll let you know Uh, here's a great question. Can I move my 401k and I trust capital? Yeah, you can do a rollover if you're talking about IRAs Your 401k 403b your tsb through savings plan if you're military and things like that Why do we talk about IRAs here? We talk about him so much because peter teal You heard of that guy that billionaire, uh in the 90s What he did he put his shares of paypal, which was like point zero zero zero two percent This is point zero zero two. Excuse me per share and he put him into into his Roth IRA and uh in Well, now it's worth five billion dollars and he's going to pay this much in taxes that much because They paypal, you know, he he was a founder and he just put it in there Nice little loophole and that's what it is and now look they are talking about rescinding that Backdoor Roth IRA for some of you who make over a hundred thousand congratulations to you per year But I as I understand it it's going to be a tiered Uh decline so it's not like at a hundred one thousand you can't do a backdoor Roth IRA It's kind of like it'll just be like tears just like our taxes in this now But a lot of things are due to change because it's not in law yet. So we'll see how it works out Moonboy that's me that's right Oh mullet always now calls me moonboy because I had this tweet and I said I'm going to This channel I have a second channel called dan clubs, which I don't do too much on and I was going to change that to Dan moonboy And I was just going to do 24 7 365 nothing but positive news and nothing but positive everything no negative news whatsoever and uh just She'll like crazy and everything's going to go to the moon. I thought it would just be a funny thing to do but uh And who know I might still do it Trust me people say that I'm I'm a wet blanket a little bit more bearish in the long run Guys in the long run it won't matter it really There was this I want to show you something This is going to make a lot of sense Mm-hmm. Mm-hmm I got a lot of stuff in here Oh, this is a good one you guys should watch this one james and uh Raoul pow is a great one This one right here CTO larson Okay, I'm going to play this for you. This is the first 30 seconds And it's going to kind of bring everything together. So when you're thinking about right now most of you here You understand crypto and digital assets. You understand that part Some of you understand NFTs Some of you understand metaverse plays some of you understand play to earn and some of you understand DeFi and farming and really deep into The trends that are real crypto digital asset where things are going so This is where we're at But think about this way watch this video and just think to yourself This is what a lot of people are at are like right now. Just listen When they blow it up so you can see it Information it's wild what's going on you can send electronic mail to people Uh, it is the big new thing. Yeah, but you know, uh, it's easy to criticize something You don't fully understand which is my position here But I can remember a couple of months ago There was like a big breakthrough announcement that on the internet or on some computer deal They were going to broadcast a baseball game. You could listen to a baseball game on your computer And I just thought to myself Radio ring a bell There's a difference What is the difference you can you can listen to the baseball game whenever you want, right? Oh, I see. So it's stored in one of your memory deals. Exactly. That's what you were talking about earlier. Yeah tape recorders ring a bell Yeah, so uh, essentially Think about this way the things that are going on right now some things we don't really understand We can't really see where it's going But if you take a just take a step back and go where would we be Without the internet and the things that we we take for granted right now as far as like streaming services voiceover internet protocol Paying for things via debits uh online paying for things online amazon It just seems so commonplace but back in those days and this wasn't that I mean it was 1995 It wasn't like it was it was uh, you know, like 100 years ago But it seems like it was so the same things I think is going on right now with um Bitcoin crypto and digital assets bob haze is this live? Yeah, it's it's live believe it or not Jane you'll click the link in the bio and schedule find out. That's right Let's see. Hey rob Smash the like button sure if you like to you can always smash the dislike, but it's broke. Sorry Let's see thoughts on reserve rights token. I haven't heard too much about those in a long time Um, can't really tell you how are how am I? You know, not too bad I had some Had some troubling news lately, but I'm working through it. So not too bad nothing, uh Nothing financial all health-wise robbery moon and Puerto Rico. I'm here Oh, what's this? Hey rob go navy beat army. Oh, I wish. Yeah, that's right That's a huge spider Ah, yeah, let's see. Where else? Big moves by black rock, you know, they're gonna come in very good Uh, thoughts on polka dot. I think it's one of the one of the big layer ones, right? Layer zero layer ones uh, therium dot avalanche cardano Solana, I mean you can't beat those just invest in those and Why can't I tell you the best that's what I invest into did you find a research? Yes, no, I did not block Manhattan. That's why I'm going to be on that Puerto Rico Blockchain week because I'm going to be there. Uh, hopefully interviewing people to be my researcher because I can do a lot of things. I just need help This is the same thing with like any business You're only as good as the people you surround yourself with and that's why like if you have really good businesses They can go and do things and and just really scale to infinity if they have the right people on them That's why I thought this this event with Square going to block and and moving into the more so and the crypto was going to be big because they have so many people around them that are smart and Educated and can actually like do things that are motivated that they can scale these things I'm just looking for one guy to be a researcher and that stuff. So all right Yeah by dead pics. I think I missed my missed up on that one. Damn it Short the market. That's right. I'm not doing that Hello, Australia And can I be my 401k? I trust you can talk to those guys Here's the thing if you're curious about I trust in America Uh, just link there's a link in the description, but just schedule a time to talk with somebody live. That's what I did Man, a lot of people ask me about Puerto Rico So I'm sweating right now. It's hot in here What's this? Down there again from wall street whales. They're coming over crypto space and we'll create the same cost I did the crypto space. Yeah, I have to agree We love them when they come here and dump their money. We don't love them when they take it out Right and that's just we got to take the go with the bed Am I bullish or bearish this month? even that that Snip it when we talked about, you know people taking profit and taxes I'm still okay because even if they have to Even if they have to take a little bit of profit to pay for their taxes at the end of this end of this month That stops at the end of december. So even if they do a little bit The question is even if they do it a little bit and it does do a pullback And people know that it's a pullback because people are selling not because the technology is corrupt Not because it's not going places But the reason that people are selling is because they have to pay for taxes I believe the smart money and I think there's a lot out there He's gonna look at that and go. Wow, this is a great buying opportunity. I just got bitcoin at 5% off 7% off 10% off and I think it'll just cover that I could be wrong. Let's we'll see Yes, I'm in Puerto Rico Who buys media? Am I heading up or more bleeding? No, I'm up big after after uh, friday. Shoot. It was great Bitcoin is a disaster That's really it. So guys, I want to keep everybody here. There's a lot of things to do. Um Yeah, go out and enjoy the family be thankful for what you got and that's it. So look, that's it for today Uh, thanks so much for watching. I appreciate it If you liked today's video give it a thumbs up consider subscribing all that great stuff and that's it and uh, Damn it. Sam Lloyd now. I got to answer this question. What card on ispo's are you in or will be I will be The sunday swap I will probably be contributing to that perhaps Into one of those pools. I did not get elected for to be a stake pool provider Even though I got the seventh most amount of votes didn't matter because it all was dependent on the Amount of ADA in the wallet that voted so if you had a a wall that had a million ADA that trumps 7 000 votes that I got so what are you gonna do? and Not bitter Not better at all All right, that's it. Anyhow guys. Thanks. I appreciate it and we'll see you on the next one. Bye