 Welcome digital asset news. Take a top stories and cryptocurrency digital assets and bring them out of bite-sized pieces today We're gonna go over and what we talked about in the thumbnail is did you get played? If you did get played what to do for next time We're gonna take a look at what is going on with this Wycoff method And if we overlay it over the Bitcoin charts, we see what's going on not only about that We're gonna take a look at the the manipulators that were behind this and what's going on so we're gonna take a look at Guggenheim CIO Scott Guggenheim as he talked about Bitcoin going to 600,000 then calling it's essentially tulip mania and then all of a sudden That company registers a fund that allows Bitcoin exposure crazy So we'll take a look at that on top of the fact that financial institutions can now provide consumers easy access to Bitcoin via Phi serve and NY dig and this is a much bigger story than what you realize because banks and credit unions of all sizes and A lot of different areas are gonna be able to allow crypto currencies and digital assets to essentially every single person So we'll take a look at what is going on that first. Let's take a look at what's going on the market And today it is a 23rd of June. It's about 1 p.m. I'll pass the Texas time and look at that Market cap went from I think 1.09 1.10 trillion market cap all the way to 1.35 trillion just like that 24 hours that is Crypto and digital assets in a nutshell. So if you're new to this, don't be scared. That's normal I mean, this was a little bit bigger, but it is what it is and when people talk about how You know, everything's different. It's not different It's the same thing repeating over and over and over again And as I've been in this this market longer and nothing really surprises me and just like yesterday We talked about what to do and it's gonna hold because it'll just bounce back and sure enough here We are so that's Essentially that part. Let's take a look at some real quick prices. I don't want to delve into this too deeply But Bitcoin was below the 30,000. I think I think it touched around 29 for at some point now It's at 33,000 293 So if you if you held good job if you weren't able to hold and you said hey I got to sell off because for my family whatever else. Hey, that's fine But if you panic sold, this is the thing to reflect and just look back and go, you know Should I have done that? Was there a better option and just learn from whatever it is that you you took from this? So on this channel, it's not investments advice It's investment opinion and I can just only tell you what I'm doing personally I can't tell you what to do because my goal is not your goals and Here's the prices. So in the last 24 hours 2% me it's the more than that Ethereum is up by everything's up 15% for Dogecoin. Wow, but you won't watch out 3% for polygon everything else and also we're using trade the chain Sentiment analysis that scrapes all the all the websites all the exchanges blogs and all that stuff and also integrates with Twitter to give us a sentiment analysis. So let's just click on the one hour projected range. Holy smokes. What is this? What? Let me blow this up so you can see this a little little crazy Over here in this one hour projected range see that middle part right there where it says It's got 39.12% Then 74% up and 180% on top of that that middle numbers with 90% accuracy where it's going And then this next one 16% 5% 3 and 3 if you're looking at that, that's So I'm not a trader But if you were bridge oracle gny teller fusion high-fi finance only say go Theta token t-fuel those are probably the big winners in the next hour and also Speaking of that if you're looking for trade the chain, you can find the the link in the description below. It's always there but I want to say congratulations to trade the chain because they released their scent token a couple weeks ago and Already it's on the exchange of Bitcoin comm so congratulations to everybody over there Alex and the gang Great job. I mean, I know it wasn't easy and then here we go on top of that. I also want to say that the scent token It's not that much There's not many as far as like tokenomics goes it for yesterday It it held its value pretty well and went down 5% and then it did bounce right back up now It's like 0.03 cents or something like that. So just so you know, I mean Bitcoin comm is One exchange that I got listed on I Have a theory that that's gonna be listed on a lot more and what it does is it allows you to get Reduction in your fees for all the different Exchanges that you trade on and that's why I think this obviously it's gonna be traded on a lot more places And then there's some more information coming on on top of that. Just so you know My friends over there I trade the chain. They're doing a scent trading competition 20,000 bucks I am not a trader. So the answer to your question is Rob. Are you gonna enter this competition? No, I am not a trader There's no leverage trading and nothing crazy going on like that If you want to enter that it's free to enter I'm there's a link in the description as well to be right underneath the in the description the basics You just click on sign up and apply the price fund is 20,000 They've already got a hundred people signed up and the price funds go from from one through A lot actually and it's you know sign up for sign up and apply and see how you do So if you're a big trader and you think you're the greatest of all time or like the world's greatest trader then Enter the competition and win some money. That's that's what it's there for. All right, so that's what's going on Let's go into today's top story before I do that I want to steal this from Lex Friedman and it's just a piggyback on what we just talked about and Lex is AI guy, he's a Podcaster, but he's been around it does a lot of he's a prolific person And what he said he was the last one to actually interview Charles Hoskinson and he says look you go short-term price Higher low is not an indicator a good indicator of how good an idea is if you believe in a thing Person or company invest in them long-term Otherwise it's just wild gambling then again all of life is one big roll the dice. So just try to remember that it's it's not so much You know like just getting in there and all those things just look at a project You agree with because real-world utility has a great team and you believe in them and just go down that route that's usually the only way that I invest and I just invest in people so that's all I got. All right, so this was a pretty good graph This is from my CJ and Monty over at Market Rebellion and then what they did was they they overlaid the Wyckoff chart and which is which Really what it comes down to it just shows you how everything is manipulated and how big institutions will manipulate things to crash The price make it go sideways and then once it's down that low-level and they can accumulate Goes right back up and that's essentially what's happening here. So as you can see, let me make this quite big so you can see it This right here overlaid over the Bitcoin chart pretty much mimics its Down near exactly remember all these dips that we had and it was like oh a dip of a dip And then it happens again, and it goes up and then again and we're certain sideways This is what the guys are Are pretty sure we're at they're not a hundred percent sure because nothing is a hundred percent in life, right? But they do believe that we're at this point and we're gonna take off now The real question is was this a dead cat bounce? Were we gonna see? More volatility or go down again another dip before it takes off. I don't know I Don't know but I can tell you what I'm gonna do To make it quite simple. I'm just gonna buy and hold It's very boring and I don't know to me just it just makes a lot of sense just buy and hold and just kind of hang on because like Look at like the Winklevoss twins. What did they do? All they do is buy and hold and do anything spectacular or fantastic It's like well, I'm gonna buy this just still it and that's pretty much it So like if it goes up tomorrow, great If it goes down tomorrow, well, I went down. I mean if you don't like the price just stick around It's like the weather in Houston. It'll change and that's where I think we're going But the big thing for me is that not that this is going on because we know what is happening But when I take a look behind the stories, this is what I see as far as Because this is all about manipulation so that these big institution players can get in and get their price points And so they can stock up and then they can ride it all up because they kind of missed the boat Let's be honest. We front ran them See should have been quicker and the only way they can get into it is for us to sell so Excuse me. This is Guggenheim CIO Scott Menard or Menard and he in February 3rd, 2021 And Guggenheim has like I think almost 300 billion assets under management pretty big company And he came out and said that Bitcoin could eventually climb to 600,000. It was a big story It was really excited because you know traditional finance guy to love that and then there were really half Be with with Scott and then all of a sudden Price started to go up pretty high member 30 40 50 thousand dollars and all of a sudden scott's like hey, you know what? This was in May 20th. Good times actually Around May 12th or so is when I think we hit like Bitcoin all-time highs and I was in May 64,000 all of a sudden scott's like hey, you know what pump the brakes Crypto has proven to be tulip mania as prices rise tulip bulbs and crypto currencies Multiply until supply swamps demand at previous market clearing prices. It's a nice word solid I mean really is I mean good for him. It's got smart guy, but You know a lot of people look at this and go I knew it I knew it was bad I knew it was gonna work and all these all these people around me who are getting loaded on crypto I knew it the whole time. So that's just another example and then a couple of weeks later He came out and was and was and said you know on a tweet Hey, be very careful because this is a very volatile market and you know things go down pretty quickly and then all of a sudden on June 2nd Guggenheim registers a fund that allows Bitcoin exposure and this was you know, it's the 23rd today I mean it was a while ago, but There's still been things that have been put out scott doesn't think it'd be the only fudster out there to drop the market He's got his buddies in additional finance and they can do all the same things not that they're doing that I don't want to get sued, but you know, they're doing that. So Here's the article Guggenheim funds investment advisors LLC filed a registration statement with the US SEC for the Guggenheim Active allocation fund Guggenheim investments has about two hundred seventy billion, okay The following describes the fund as a newly organized diversified closed-end Management investment company and this is what it states the filing states this the fund may seek investment exposure to cryptos notably Bitcoin Amazing through cash settled derivative instruments such as cash settled exchanges trade of futures or through investment vehicles that offer exposure to Bitcoin or other crypto currencies through direct investments or Indirect exposure such as derivatives contracts. No, I didn't slow down The speed of the video. I just want to make sure everybody was aware because some people say I'll just futures. Whatever else direct investments Sure and to finish this up while Monard has a long-term prediction of 600k for Bitcoin He's been saying that the price of Bitcoin will crash in the short term and could fall 50% To the 20k to 30k level amazing how he predicted it and actually came true. I Would live to talk to Scott. Maybe he can tell me my future According to the SEC filing Menard will be responsible for the day-to-day Managements of the Guggenheim active allocation funds portfolio, which would include Budding on Twitter. No, I'm just kidding. That's not that's not as it does not don't sue me Menard tweeted Menard tweeted on May 28th crypto investors be warned be prepared for a volatile holiday weekend, so The more things change the more they stay the same everybody talks about how different it is and institutions are going to buoy everything It's gonna keep the price of Bitcoin up look as long as greed and manipulation and People who who want to be in power still exist and in the human race It'll always be pretty much the same I believe the price will go up as we see more mass adoption and we're gonna talk about in a second In this case it is the same thing around and around remember in March 2020 when COVID came around and the Crypto market just fell down to the floor same thing as equities and people like this is different This is totally different and it's not gonna come back We'll guess what it came back and now we just saw this whole thing with China and their their miners leaving like this is different. It's not gonna it's gonna fail and it came back It's always the same thing just repeating over and over again, and I can't say any clear Maybe I can make my point on this one. So this next and last article Financial institutions can now provide consumers easy access to Bitcoin via Pfizer Banking credit units of all sizes can facilitate buying selling and holding Bitcoin within their digital banking platform So this is a publicly traded company Fiserv the ticker is fisv It's a leading global provider global keyboard of payments and financial services technology solutions and NY Dig a Leading Bitcoin technology and financial services company. They're they're the ones that flew in the radar NY Dig Micro-strategy gets all the the accolades, but these guys in my dig They're the ones that are like the adults in the room pulling all the punches are pulling all the the right people together And really getting things done just like something like this They did this a couple of weeks ago with the same type of thing where they're like bringing everybody together Watch out for NY Dig They are the big players. I think in the space Anyhow this will enable bank and credit unions to meet growing a mainstream interest in Bitcoin Retain and grow their customer base and increase non-interest income opportunities That's good for banks because 30% of physical brick-and-mortar stores as far as like the banking financial institutions They are closing down because people are doing everything online. So why do you need a brick-and-mortar store? And that's lost revenue. So interest in crypto Maybe not lost revenue. Maybe it's actually it's a pretty good slow as your overhead Interest in cryptocurrency and particularly Bitcoin has skyrocketed over the past several years to the point that Bitcoin investing is now a Commonplace activity. This is how commonplace it is the thing about Bitcoin and And the cryptocurrencies to a larger extent is that People trust crypto because they can get behind it. There's no there's no puppeteer Behind the curtain controlling the strings. I mean in some DeFi products there are but you know for the most part Bitcoin is one of those great things. There's no CEO. There's no head person There's nobody there's a guy named Satoshi Nakamoto, but you know me knows who the heck he is So for this one, I can see why this article came out and this will make sense in a second This was from MSNBC or CNBC a couple of actually yesterday It says crypto is the future of finance why Gen Z is ditching traditional investments Many people in the early 20s that Gen Z are bullish on crypto This includes coins blockchains Bitcoin Ethereum meme coins, haha like doge NFTs or non-fungible tokens and DeFi or decentralized finance This is the interesting thing two pieces nearly half of millennial millionaires Half of millennial millionaires have at least 25% of their wealth and cryptos and according to the this new survey More than a third of millennial millionaires have at least half their wealth and crypto and on half about half on empty So what that says to me is if if you're gonna be a millionaire as a millennial chances are a lot of them are into crypto Because that's probably the best opportunity that they could find and it worked out pretty well for them And then to finish up there's one reason young people turn to alternative investments Which is like crypto which is simple many don't trust Traditional institutions they prefer to rely on their own research rather than use insights from additional institutions like financial advisors from legacy firms like Guggenheim as They pull their Nonsense and all their flood and everything else as they dip the price so their big-time players can get in and then little People can come in come in the side on top of that I think there's a reason why not just on financial institutions of why people turn to Crypto and digital assets. I think there's a reason why you're watching this channel right now I think there's a reason why YouTube and YouTubers and all those people that are coming up Have a bigger audience than what anybody thought possible And it's the reason is because just like the younger generation does not trust the institutions as far as financial They also don't trust the institutions as far as media service. So the traditional mainstream media I think is dying a slow death. I mean, there's always gonna be people that watch it But I want to show you something real quick This is from statista that tsta.com and it takes a look at Bleeding cable news networks in the US in May 21. This is the entire month of May last month by number of primetime users and their demographics so Real quick may the whole month of May. This is Fox News. This is CNN. This is MSNBC CS says 2166 That's the number of viewers in blow this up the number of viewers in thousands So essentially for the entire month of May in primetime, they had 2,000,166,000 viewers Okay, and then for the demographic that they could actually kind of that is like the golden demographic They really want 25 to 54. That's where all the money's at They could they could calculate that it was three hundred forty five thousand Of course, there's some data that's missing, but sure whatever else, right? So maybe they have like 2.2 million CNN 913,000 218,000 MSNBC 1.5 million plus 200,000. So why do I bring this up? It's because if you look at my channel just my channel, I'm not even that big. I mean I'm not I'm just I'm just not I'm like 230,000 subscribers, but that doesn't translate to views I the view some range between 40 and 60,000 usually per video, right? So let's just say 50,000 50,000 times 10. That's 500,000 1010 days and then in 30 days, I'm gonna get 1.5 million my viewers for the month of May Equal out to Fox News More than CNN and MSNBC. Well about the same as MSNBC so why Why Because they don't trust these other places just like they don't trust the institutions And I think that is the big thing about what is going on and that's why I think kripp is going to do so Well because people just see it and they go, you know what I don't trust that But I trust this anyhow to finish this up Byron vealer, I think it's how you say them chief digital and data officer if I serve People continue to turn to financial institutions as a central place to manage their financial activity And being able to offer this capability will help position banks and credit unions at the forefront Of their customers financial lives and to finish this up When I read this I'm like, all right. That's interesting. But who cares? But I thought about it And I'm thinking to myself, you know To get all this done You had to clear a bunch of regulatory hurdles because you have to go through the banking system, right? So if ny dig is working with the banking system and everybody else as far as like just these financial institutions then The regulation itself, even though it's not in place and stone We're moving in the right direction in this country and probably in europe as well But do you see the dichotomy between Where The rest of the world is going and where like china is going china just shut down all the mining operations china just banned again Uh cryptocurrency they've been banning since 2017. It's not nothing new But they closed a lot of loopholes. So you can't do otc type of trading which I guess is going to hurt my hands And much more the different exchanges whatever um I just see how like china's like we're going this way and the rest of the world's like we're going this way And who's going to win out? I can just tell you that if you look at it at pieces of history It doesn't bode well for a lot of communist countries and what they try to do to oppress people and how they try to take Absolute control absolutely So, uh, we will see how it goes. I'm just glad I live in this country and uh, not over there I feel sorry for the chinese people because I know that the the majority want cryptocurrency and they can't have it it's the government itself that's cracking down and uh I'm glad that all the bitcoin miners are coming this way. Anyhow, so that's it for today. Look, uh, if you've made it to the end I want to say thanks for going all this way Uh, don't forget that uh, there is that trading challenge for cent token links in the description I will not be participating not a trader and uh, lastly make sure you subscribe if you like videos like this We talk about these things every single day about what's going on the news over on dan clips our second channel We take a look at the up and coming projects So also check that that channel out like the description and that's it for today and very finally finally these, uh These pieces that keep rotating over here if you're looking for like real real crypto art. I mean physical crypto art There is a link in the description Also with all the different artwork that you can hang on your wall and they range from, uh, you know 24 by 24 all the way up to I think like 48 by 72 or something like that all acrylic beautiful paintings And you can find those at crypto art and now that's it for today. Thanks so much. See you in the next one