 Welcome to Jalassette News to get top stories in cryptocurrency and Jalassette's and break them out of bite-sized pieces. Today we've got some pretty positive news stories. So first up, number of Bitcoin wallets with 10,000 plus Bitcoin hits 2020 high, showing whales confidence in a sentiment report. This is just another type of incident where we're looking at what's going to happen in the future and we can tell the sentiment is positive. Also, speaking of sentiment, this is kind of negative. Peter Brandt urges the SEC to declare XRP as a security. So Peter went out of his way to tell the SEC, hey, punish XRP. Also we're seeing that Bitcoin is above 16K and kind of holding their steadily, but going down a little bit. However, there's a reason for that as Bitcoin reaches new highs as central banks hint at more stimulus. And here's a hint. It's going to keep continuing. And on top of last night's YouTube debacle where I did a premiere of the video from yesterday, which it was shut down because YouTube went down for an hour. Fantastic timing. Also Celsius was also down. We're going to take a look at why that happened. So we'll go over all that and first take a look at what's going on in the market. So today it is Thursday, November 12th, about 12pm, high noon, Texas time. Now we've got Bitcoin just teetering on that 16K number. It is a fantastic day for Bitcoin holders, 0.7% for 24 hours and almost 14% for the week. That is fantastic. Ethereum sitting pretty at that 450 mark. I like it. Even though it's down 3.5%, it's still up 13 for the week. Tether is tether. XRP, wow, 25 cents. Still holding strong for all you XRP holders. Still at a quarter. Good for you. Chainlink unfortunately is down. Bad for me. I am a Chainlink holder and it's down 7%, but 18.5 for the week at only $12. Bitcoin cash down just a percentage, not too bad. Binance coin a little bit down. Polkadot still hanging around 430, 440. I'll take it. Bitcoin down a little bit. I think it looks like everything's down a little bit, except for Bitcoin, not too bad. And let's see Monero down 5%, Tron, Tron's Tron. I have nothing against Tron. If you hold Tron, congratulations. Stunned some decent things this year, I don't know. Tezos down 4%, jeez, Cosmos down 4%, but Cosmos was on a huge run. It was still up 13% for the week, so I'll still take those gains. Dash. Dash is up majorly. 10%, 20% for the week. So good job, all your Dash folders. I personally don't hold it, but hey, whatever. And then Celcius Network. I have to, I gotta tell you, I gotta tell you, Celcius Network. Some people were asking me in the comments section, which I love to cruise and take a look at. They're like, hey, Rob, why do you keep telling us the dollar cost average? We know Celcius is gonna go to the moon, so let's get in now before it takes off. I'm like, whoa, whoa, whoa, just calm down. This was the same thing that was said in 2017 for every single cryptocurrency and digital asset piece out there. So I will always just say this, dollar cost average, because look, these are the things that can happen. Yesterday, it was at $1.96, I think it was, and I was like, hey, it's gonna hit $2. I think it's gonna hit $2. I'm not sure, but I think it's going to, and it didn't. And this is why I like the dollar cost average, because it takes out the emotional factor and you just are just doing calculation that just every day or every three days or every week or month or whatever it is, you just put in a set amount into a project that you believe in because you have done a lot of research into it and you think, yeah, it's gonna go up. I don't know if it's gonna go up anytime soon, but I don't wanna dump all my money into it because there are gonna be days like this. And here it is down 7% and guess what's gonna happen today? I'm gonna increase my dollar cost average position because it's down 7% and it's a great time to buy. So that again is why I say it. Now over time, it's gonna be the same question over and over again. Rob, why don't we just dump it all in, don't you want me to tell you, it's the same thing, it's the same answer every single time, just wait and relax, stop my first rodeo, this is what happens. What else we got? Unisop, Unisop down 6%, 30% for, ooh, dang, 13% for Aave. They were doing so good. Ooh, hey, Theta Network, yes, is down 6%, I'm gonna have to buy some of that as well. Actually, I can't remember if it's today's my day for Theta, I gotta look. Anyhow, it looks like there's some things down, but all in all, it's a pretty good day as far as if you're into crypto assets. So now I will just remind everybody of that, I don't know what you're gonna do, but when there's great days like this, I mean, there's a little bit down, you know, but over the last month or so, we've had a tremendous run. So don't forget, if you can, if you have the opportunity, I have the opportunity just to give back. So I'm gonna get the two charities today. One I've talked about before, Dog is my co-pilot, it's fantastic. It takes dogs that are in high kill shelter areas, like in my hometown of El Paso in Houston, and they fly them over to areas where people actually need dogs, that they don't have dogs or cats, whatever else. So I'll donate to that today. And also, there's a great website called thelivingblock.com, or thegivingblock.com. And as you can see, it's still churning right here, because I'm on Brave browser. But what's great about this is you can find different charities for whatever you want to, and you can donate to those charities. So I'm gonna switch over to Chrome, because Chrome actually allows this thing to pop up. And yeah, here we go. So what I'm gonna give to, you can filter by category, which is pretty cool, animal welfare, available to children, community service, all those things. And there's one that I was turned on to by a friend, the Ugandan Water Project, And what's great about this is that you can look up all these projects. You can go right to their website. You can do some background research. Remember, there are a lot of charities that a lot of it goes to, in some charities, like 90% go to the management fees of just actually taking care of it in only $0.10. The American Red Cross is one of those examples. They have a horrible rating. But for the research I've done for Ugandan Water Project, it looks great. They actually provide the basic necessity of living to people who have a real hard time getting just water. So I will definitely donate to them. So let's do that right now. So what's great is that it takes Bitcoin, Ether, Litecoin, Bitcoin, all that stuff. So I'm gonna give Ethereum. And right here, I'm gonna put my first name and all this stuff. Oh, great. You know, if you just scroll down, you can continue anonymously. That's cool. I'll do that. Oh, so, hey, look, it's even got, so I can contribute $0.1 or $1.10. Now go $0.15. Sure. And it's gonna say, and then you click on pledge, ready tonight, $0.15, you think I'm gonna, yes, let's go. Thanks for donating. So here's where you send it. So I'm gonna copy this and I can get a tax receipt. So I'm gonna go to my Ether wall, which is contained in my Brave browser, and I'm gonna send. So I'm just gonna verify this. So 0XEC86B3. 0XEC86B3. Okay, that's right. And let's do average and then $0.15, $68. Sure. I'm gonna click next. Gas fee, not too bad, $0.48. That's not pretty good. Confirm. And then away it goes. And that's it. So yeah, great. And then you can also track it right there. It's gonna come up. Transaction confirmed. Great. What you can't see, because it's on the very top right hand corner. So that's good for that one. And then for doggies in my co-paw, that's super simple. They don't take Bitcoin, which is kind of a bummer, or whatever. So yeah, $50, sure, submit, and then same thing. And digital asset news, that's me. All right, so that one's done as well. So I will link both of these websites in the description of the video. So let's go into today's top story. So first up, this is pretty interesting because it just shows that whales are accumulating. But that's not the big thing. The big thing is that Bitcoin is actually in the minds of a lot of huge investors, and they're going in that direction. So when I always think to myself, I'm like, what is smart money doing? Well, we have these whales with a ton of money, and they're getting into it. What do they know behind the scenes? Like, what are they talking about? So this is just one of those indicators. I'm like, OK, I think I'm in the right place at the right time with the right product. So number of Bitcoin walls with 10,000 plus Bitcoin hits some serious highs. What's going on here? So analytics agency Santament has shared data that shows crypto whales are still confident in their digital assets, and in Bitcoin in particular. This is something I talk to Alex massively a lot about. Alex is the head for institutional investment over at Bequant. I say, hey, man, what are people really asking for? Because is it is it just Bitcoin or is it like Ethereum or is it XRP or is it Tron? Or what are they asking for? I was like, look, it's always Bitcoin. They're always talking about Bitcoin, because that's what people know. And of course, people will say, well, it's not the fastest, it's not the best, and it's old technology. That is true. But it is battle tested and it's never been hacked. And people know about it. And I think it's going to do well in the short to mid term. Now, long term in 50 years, I have no idea. I have no idea. I can't remember. I can't tell you what's going to happen tomorrow, obviously. But I think it's going to do pretty well just in the short term. So we will see. Anyhow, while it's that contain 1,000 to 9900 Bitcoin, the moment are slightly under the all time high of 2135. And this was a tweet that they put out today. And they said, looking for validation that Bitcoin whales are confident in their assets, the number of addresses holding at least 10,000, 10,000 Bitcoin, not $10,000 of Bitcoin, but 10,000 Bitcoin has just matched a 2020 high of 111. Additionally, those with a ton of those Bitcoin address are now just six below the all time high of 2135 wallets. So six below the all time high of 2100 plus wallets is what is going on right now. What do you think is going to happen over the next weeks, months, and just let's just take 2021. I mean, look, in 2017, if you weren't there, and I talk about this a lot, there was nothing in this space. It was just a bunch of white papers and hopes and dreams and powder. There really wasn't anything else out there. We just thought it would actually happen. And that institutions weren't getting into it. You didn't hear big names. I mean, hell, I remember when there was a tweet from Katy Perry, where she talked about, look, I had these crypto claws and it was just her nails. And that went the price went up and I'm like, this is ridiculous. So when I hear about this, I'm like, well, this is only to just make sense, especially all the institutions that are coming in right now, all the big money players, all the legendary investors, Drunken Miller and Duncan Miller, whatever his name is. And here's another thing, I messed up his name yesterday. His name is Drunken Miller, not Drunken Miller. I make a lot of mistakes, so I always try to own up to them, which I make a lot of mistakes, that's my wife. But his name is Drunk, Drunk and Miller. Actually, I remember on one of the Bitmex videos, I called the Arthur Hayes, Isaac Hayes, that's, you know, hey, not good with names. So anyhow, this is the types of things that I really like to see about what's happening behind the scenes. I think this is good for cryptocurrency assets, especially, like I've always said, going into 2021, I expect to see fireworks. Let me know what you think of the comment section, let's move on. Next up, this one's funny. Because Peter Brandt, he's another one of those legendary guys, apparently, as far as a trader goes. And he just said, hey, SEC, you got to step in and declare XRP as a security. I don't know. Brandt really has got a thing for XRP, and XRP Army just despises this guy. And I just thought it was an interesting article. So, training veteran Peter Brandt claims that XRP, the fourth largest digital asset affiliated with FinTech Company, Ripple, is actually a security. The only reason why it hasn't been cleared one yet by the SEC is the agency's failure to understand the crypto industry according to Brandt. And this is, it's just interesting. So, ex-CEFDC Chairman Christopher Giancarlo, who is a part of the digital dollar project right now, was the one who defined Bitcoin and Ethereum as commodities and declared that XRP wasn't a security back in June. So I'm like, oh, that's good. But the next sentence kind of blows it. It says, his words, however, should be taken with a pinch of salt. He may now works for a private law firm that provides legal services to Ripple. So whatever, Ripple's main argument against classifying XRP as a security is that the XRP ledger functions independently of Ripple. Owning XRP also doesn't give one stake in the private company. This is what we were talking about yesterday. Well, there was a group of six congressmen and women who were talking to the OCC brand Brooks. They sent a letter and said, hey, you really have to step away from cryptocurrency because we don't believe it's some that you should really be into so much because of the pandemic. And then I just, I pretty much laid it out. I go, this is just them not being educated on the position. And Brian Brooks is a golden opportunity to educate all of them. And then one of the things that we talked about was companies can come and go, but the ledger will still stay. And then Ripple is one of those people that have always said the same thing. Look, if Ripple goes away today, something happens. That XRP will continue to go on because it is decentralized. There's a lot of different people that go back and forth in that, but hey, they do have a lot of nodes. And if you think EOS is decentralized or 21 blockchain producers, then you got to kind of consider that XRP also is as well. But there's two things I'm gonna bring up. First, the how we test and how that all also relates to securities. And the second part is in the last sentence here, it says, moreover in his countless interviews, Ripple CEO Brad Garlinghouse insists that XRP has real utility, which is making cross-border payments more efficient. So I read this great book called The Infinite Machine, and it is all about how Ethereum came to be. And one of the big things that they had as far as a hurdle was trying to get past the whole process of being called a security. And what their lawyers came up with is they said, hey, you know what, you have to just talk about the gas and the utility because it is not going to be a security if it has a function, a real world use function such as they're going to invest in gas. And that's what they're investing in not so much as of Ethereum. And that's what they got around the whole security question, which is the same thing that XRP is trying to do going, look, it's not that you're investing and then you're just letting it just go away. And we do all the work. Really what you're investing for is cross-border payments and what you're gonna use later on. It has the utility. So that is the one part. The second part is the how we test. I'm not gonna spend a lot of time on this. I just wanna go over it just briefly because we're not lawyers and we're not gonna decide the whole outcome. But it is something to be noticed or to be aware of. So there's four parts that will state if a crypto is a security. Four, offer involves a monetary investment. Well, that's checked for everything. There is an expectation of profits from the investment. All right, you got me on that one. The investment is in a common enterprise, all right? And any profit comes from the efforts of a promoter or third party and that's where it gets a little hazy. So what they did is they took a look at, Giancarlo said, well, I'm gonna take a look at Bitcoin Ethereum, right? Is there a monetary investment? Yeah, X-Pace of Profits. Sure, if that's in a common enterprise, nah, not really. And then profits from a third party, because it is decentralized, that means that there is no centralized party that is doing all the work and contributing to the massive amounts of increase or ROI. So they said, nope, Bitcoin's not one of them. They took a look at Ethereum. They said, yes, yes, for the profits and investment and investment in common enterprise, welding Ethereum foundation. Sure, profits from a third party. No, because it's decentralized. And they said, well, since everything's decentralized, you can't say that. Now, this is where it gets good, because EOS, they said, yes, yes, yes. And yes, profits from a third party. Yes, EOS, you are a security. And this is what they did. They smacked them down. And this was in 2018, 2019. They said, look, you raised $4.1 billion. And what we want you to do is pay $24 million in penalties. That's it. So they said, hey, you know, billionaires, give us $24 million. And they're sure, happily. But there is one thing you have to have to notice is that EOS is not considered a security because they did this and said, well, when you did your, your ICO, which was a year long, essentially, and you guys didn't have a main net and you weren't decentralized, you are gonna owe us some money. But after you launch your main net and you have your 21 blockchain producers, now you are decentralized, meaning you are not a security. And then it just went away. That's why you can still invest in the EOS and it's not deemed a security. So look, you know, on this channel, sometimes I'm not been a big fan of XRP because of the investment and how it really hasn't produced anything. Not that I'm gonna be ecstatic about that. Why would I be? However, I'm just too stubborn to sell. But I will say this, that we'll give credit where credit's due. Here's the validator registry. There's a ton of them. Now you will notice down here that they are, there are some that are actually in Ripple. Of course, they're gonna be a part of that. But there's a lot of other ones out there. So if we talk about like decentralization, sure, you got a lot of validators. If you're gonna say that EOS is decentralized, we're 21, then you gotta go and give it to XRP. I could be wrong. Let me know what you think in the comments section and let's move on. Next up, Bitcoin reaches new highs as central banks hint at more stimulus, not really a hint that's gonna happen. So what do we got here? So because we have issues with this coronavirus or COVID-19 pandemic and whether if you believe it is real or not, it is still causing havoc on the economy. And Fed Chairman Jerome Powell said in a post-election address last week that further support is likely to be needed. Like he's not gonna come out and say, we're gonna print money until the cows come home. He's gonna say, hey, look, we're gonna support you until needed, which is code for let's just turn those money printers on. Fine. Powell will speak again today at 1845 UTC to address the falling bond yields in the U.S. And I've heard a couple of economists already say to get out of stocks and bonds and just put it into dollars, which I thought was weird because Druckenmiller said that he is going to be shorting the dollar because he expects it to go down precipitously. We will see. Anyhow, the employment situation in the U.S. has improved slightly as jobless claims fell to 709,000. And the economy's on a study, if not uncertain, path to recovery. I don't know where you're at, but I've got a couple of friends who do not have jobs anymore and are really struggling to find new jobs. Now, tell me where you're at and tell me if the economy is recovering where you're at. I'm just curious to see how things are going on globally. Anyhow, there's a news from Pfizer and BioNTech that they achieved 90% effectiveness of their COVID vaccine trial, which is great, followed by a Russian's claim of 90% efficiency. I guess I'm not gonna put too much faith in Russian medicine, but maybe I'm wrong. If you're from Russia, tell me how wrong I am. Restored faith in ending that pandemic. However, America and Europe continue to report a record number of COVID-19 cases and these require the government's immediate attention. So here's the problem. I just left El Paso, Texas to come to Houston. We had to be here for business and they are really hurting there. Like the cases went from like 500 a day to 1500. I think now it's like two or 3000. So that's pretty awful over there. We already lost our nephew. He passed away from coronavirus and then one of my friends, Ernie just passed away today from coronavirus and Ernie was a guy that when I was a director of nursing, we worked together at this agency and he was a good guy. He's a little bit older. He's in his early 60s, well, I guess. Yeah, early 60s. And he just didn't want to go on event and he passed away today. So this is one of those things where it's an awful situation and it's a weird virus. Like a friend of my Mike, he just had a really bad headache and that was it. And he got through it no big deal. A couple other friends of mine, they just didn't have any symptoms and then that was it. And then my friend Ernie just didn't make it. So I don't know what's going on essentially with that but I mean, we'll see how it all works out. I don't know if this vaccine really is the greatest thing of all time but I will say this, with all this uncertainty, our market is going to increase pretty well. So we will see. And now Global Central Bank, bosses and financial experts came together for the 2020 edition of the Central Bank's annual forum. That sounds like a real rip-roaring good time. Powell iterated in the past that government spending is essential, shocker, and slowed down a monetary stimulus now could hurt the global economy in worse ways in the current recessionary environment. There was a great video that was put out on Twitter and it just takes a look at like how much we have already spent in America, I don't know about globally, for this stimulus package. And I just want to show this to you and it's only like 58 seconds long. This is crazy. So check this out. They're going to compare how much money we've spent and how it looks just in scale. So this of course, 100 bucks, here's 10,000 bucks, not too, here's a million, that looks very nice, here's 100 million, all right. And then let's take a look over here. This is two trillion quarantine package. This is from 340 billion in supplemental spending, hospitals, VA, that's fine, hey, sure. 221 billion in business tax benefits, all right. Here's 150 billion for the states, 500 billion for state loans, 349 billion for, I don't know what it is, 300 billion, 250 billion unemployment insurance, and some more stuff that is just crazy. 400 billion bank bailouts when I, so that's all the stimulus. And this is 27 billion, which is what the Fed prints every day and dumps into the market. That's crazy amount of money. And when you put it into scale like that, you're like, holy smokes, we spend that much money, unbelievable. So when we talk about, you know, is Bitcoin cryptocurrency assets a pretty good hedge against what's going on? Yeah, yeah, I think it is. So to finish up, there's a risk on environment activated. So what they're talking about here is that there was a bullish rally in the stock markets, which was paused a couple of days ago. The S&P dipped 2.6%, I probably think it's gonna go way lower than that as time goes on. And because of this new talk about the vaccine, tech stocks plummeted, things like Zoom and Netflix and everything else, they plummeted way down. So like, oh, we're not gonna use Zoom anymore. I'm not gonna use Netflix, which is stupid. Of course we are. So people picked it up for cheap and it went up 2%, so good for those guys. This was interesting. Gold, on the other hand, held onto losses and was trimmed down to around 1870, even though it's had a high at 1950. So look, I'm not gonna poo poo all over gold. I still think you should have gold silver Bitcoin in your portfolio. I just think you should have more Bitcoin, or at least for me, I can't tell you what to do. I'm not a financial analyst. And then Bitcoin broke above it's yearly high as it tested 16 for the second time and then changing hands around 15, nine. I think it's gonna jump above 16, but I could be wrong. Maybe it goes on to 15 or 14 or whatever else. That's why I'm always saying dollar cost average. I used to think that in 2017 that Bitcoin was gonna go to the moon and it was gonna go to a million dollars like John McAfee said and Scheister. And I was dumping a lot of money into it. And then I saw my portfolio dump in 2018 like nobody's business. And that's why I'm a little bit more seasoned and grizzled and whatever you wanna call it. But I'm just telling you the things that I went through and that's why I do and say the things I do. So look, that's what's going on in the macro environment. Let me think of the comment section. Let's move on to the whole thing with Celsius. So if you don't know, yesterday we had this great premiere where I went through about a five or 10 minute session where I talked about, one of the things we talked about was why my website is 100% for free. And just so you know, the link to the website is in the description below. It's danteacherscrypto.com, 100% for free, very streamlined and easy way to understand crypto and how to buy things and how to do things and all that good stuff. So yesterday we're gonna do a premiere. It was gonna be great. But YouTube just decided to crash for if you don't realize, yesterday YouTube just went down globally, intermittently throughout the entire world. Which is kind of weird. We had to re-upload and it was a little bit crazy. And then as we were going through this and then we did another premiere later on, there was a message that people kept popping up and saying, hey, Celsius is also down. And I'm like, wow, maybe the world's coming to an end because you know, YouTube is down, that's never down. And then Celsius was down, what the heck's going on? So I had to find out from Alex Machinsky here, the CEO of Celsius, what happened. He said, hey, just so everybody knows, we updated the Celsius Network DNS for a website and app. So it may take up to 24 hours to propagate worldwide. No need to get alarmed. I can tell you from my personal experience, I've done this. I've transferred over different plans. I also use GoDaddy just like Alex Machinsky and Celsius does, which I think is kind of odd. They're using GoDaddy. I don't know why they'd use GoDaddy. I would think with like a billion dollar company to have like their own thing, but whatever, it doesn't matter. So it does take a while and it's kind of hairy. I don't know why they didn't send out an email beforehand to let everybody know that this was gonna happen. I think they should have. So people weren't all so alarmed, but whatever. And what he starts to talk about here, is this way he says, we're upgrading systems, we're ready for launch of POC and web app, great. So it's just not going to be exclusively on your phone. You're able to do things on desktop versions. So great, okay. While making changes to DNS settings, we had a disabled two factor authentication on GoDaddy and found some vulnerabilities. Our options were to risk it and move forward or freeze the account to avoid anyone jumping on the front end and try to hack us. As we did earlier this year, when we proactively changed everyone's passwords, we decided to do the hard thing and lock down the account. This may result in short-term inconvenience for some, but it's the right thing for all. Website and Apple back soon. So look, I don't care what you gotta do. Just make sure that you are in charge and you are making sure that nothing gets hacked. Celsius has never been hacked. And I'd like to keep that streak going. So if it's a little bit of a pain in the a for me for like 24 hours, 48, 72, I don't care. Just make sure that you guys are doing the right thing. But again, it is kind of odd and I'll just throw it up there. I think they should have sent out an email before they even went through this and said, hey, we're going to GoDaddy, we're going to propagate the DNS. May take 24 to 48 hours. What have resolved a lot of things? I don't know if I would assume they would know. Alex is kind of a smart guy. I'm sure his team would know, but here we are. And as of 1230 p.m. Texas time, I still can't get into Celsius yet. So we will see and that's it. That's what we know. So that's it for today. So I know there's a lot of stuff but there's a lot of things always going on crypto. So sometimes it goes a little bit long. If you haven't signed up for Dante's crypto, there's a link in the description. Looks just like this. And we'll be adding some more videos in pretty soon. But we try to make it as simplified as humanly possible. There is one video I really want to do and I want to talk about the pros and cons of dollar cost averaging and trading with technical analysis. I don't know squat about technical analysis. I just have no idea. So I reached out to Scott Nulker, who knows me from nobody, but he goes by the moniker, the wolf of all streets. Seems to really do really well in TA in investing and things like that. But he's always talk about just, dollar cost averaging is being a long-term investor. So I reach out to him. Hopefully he'll reach back and we can do a video. Don't know. If not, I'll try to get John and Jerry and Market Rebellion or maybe CJ or Monty because those guys are really great experts. And yeah, that's it for today. Thanks for sticking with me. Really appreciate it. If you like these types of videos, there's gonna be two more on the left and right. Don't know what they are. YouTube does their magic. And so check those out. That's it for today. Thanks so much for watching and I'll see you on the next one.