 Welcome digital asset news take a top stories and cryptocurrency digital assets and bring it out of bite-sized pieces So today we've got some great news about mass adoption first up El Salvador to airdrop $30 in Bitcoin to every adult citizen and this is gonna take place a lot sooner Than what people think because the law was just passed now. They're going to put this Into action, so we'll take a look at what's going on there on top of a Little snippet of how Bitcoin investor Peter teal turn a retirement account into a five billion dollar Tax-free piggy bank, and now you can do the exact same thing and then we'll go over some more stories about mass adoption as a Andreasing Horowitz triples out on blockchain stars with a massive 2.2 billion dollar Crypto fund and that looks pretty good Especially since this is one of the largest that they have ever done and it looks like Institutions really want to get into the cryptocurrency digital asset game So we'll take a look at that and then finally I just want to talk about what was said yesterday over an Alex Mascioli show as far as Voyager and how Steve Erlich the CEO came out and give us some pretty great Information about what's going to go on with the token swap What is going to happen with Voyager and of course that is land in Castle and what is going on with NASCAR? And their marketing campaign so take a look at all those things, but first let's take a look at the Market and just so you know, we're down a little bit. That's a bummer. What are you gonna do? It's 1.3 trillion today is June 25th. It's 9 a.m. El Paso, Texas time and we're down. What happened? Well, one of the things that happened was that we had a nice little rebound It went from 1.1 trillion to 1.3 trillion, which is a good 200 billion dollars So not a bad couple of days as far as an inflow of money So usually when we see something like that people are going to take profits and you should take profits not investment advice this is just investment opinion and Remember nobody everyone broke taking profits and we can talk about the diamond hands and everything else whatever else But if you have to take profits nothing wrong with taking a little profits on the way up because it's probably gonna go back down again And here we are going back down. So what's going on? Well, people want to take profits and that is not Unlikely people think that there's as far as the relative strength index is a little bit over overbought So they took some profits also on top of that people are a little bit scared about the Bitcoin futures options about to expire today So as far as June we've looked at 28 December 2020 was the first trade last race today settlement 28 June So what does that mean? It means a little volatility. I do not care about volatility because I'm just here for the long haul I'll be in here for a long time. I've been in since 2017 and I'll be in in cell 2047 I'm still I don't know if I'll still be around about live But I'll be here for the long haul and that's why I like to talk about what's going on as far as Mass adoption and the long-term effect of crypto and digital assets. So let's just let's just jump in and see what we got Actually, first of all anything everything's down Dogecoin's up 3% amazing Uh That's pretty much it All right, let's go the big story. That's what we're here for anyhow So El Salvador to airdrop 30 dollars in bitcoin to every adult citizen I think this is a is a pretty big thing And my wife looked at she's like well 30 bucks, you know, what Who cares about that? Well, if you extrapolate that 30 dollars to every citizen that is in El Salvador That's big news and the next question really is well, how much does everybody in El Salvador even make? Is that even, you know, like something they can they can do? Look, uh, I'm in America and I do pretty well And if something can be 30 bucks in bitcoin, I'm taking that 30 bucks, but in El Salvador, just so you know The average person in El Salvador makes around $1,700 per month not too bad Salaries range from $430 per month, which is the lowest average to $7,600 per month Which is the highest average. So that's uh, that's a pretty big variance. Let me Let me uh jump on back here. So what is going on? Well, the president of El Salvador has announced the government will airdrop 30 dollars worth of bitcoin To every adult citizen of the country and that is what is going on. Let me blow this up so you can see it So El Salvador's government will need to purchase the required bitcoin It intends to distribute adding more than a hundred million and buying pressure on markets That's another big thing. So if you're going to actually, uh, you know Put this out to all your citizens and you're going to airdrop it You gotta get it from somewhere, which means you gotta buy a lot of bitcoin So willy woo tweeted out that bitcoin's global user base will grow by two and a half percent for this one country So think of it this way Uh, nobody wants to be the first but nobody wants to be the last and if you got El Salvador coming in and going We're going to make this legal tender Sounds pretty good. Now you have other countries like Paraguay other different countries in central america look at it And I've even heard rumors about, uh, Canada getting on this whole kick as far as bitcoin So, uh, one country at a time and we'll just grow that two and a half percent five percent 10 percent 20 percent and off we go Uh Others place the Salvadorian adult population as high as six and a half million Which is the total population that means that 195 million worth of bitcoin Will be airdropped across the entire country And then to finish this up, uh, just so you know that it's not going to happen tomorrow But it's going to happen pretty fast president, uh, bukele I think I nailed that also stated that the country's much celebrated bitcoin law recognize bitcoin is legal currency nationwide Will come into effect on september 7. So look, we're almost in july So you got july and august and then september 7 it's going to happen That's pretty darn good For a government to make this many changes and actually get it actually done I thought it was going to take like six months a year 18 months But uh, here we are so that is big news. I think uh for mass adoption And I just think this is just one of the few countries that is uh first in line I think we're going to see a lot more coming on the pipe But again, it really all depends and the big thing is that in some countries It's like we're going to use this legal tender in other countries america europe canada They're like we're going to see this as just how it is which is um property So we'll see how that all works out. Let me know what you think of the comments section. Let's move on to our next piece so This one tech mogul peter teal turned a retirement account into five billion dollars. What the heck's going on because first of all We're talking about a roth IRA and the max you can do is between six and seven thousand depending Uh, so how did he do this first of all and what does this mean for you? Well, it's going to make sense in a little bit. So over the last 20 years Teal has quietly turned his roth IRA the same thing that I have I a humdrum retirement vehicle intended to spur americans to Save for their golden years into our a gargantuan taxed exempt piggy bank Teal took a retirement account worth less than two grand 1999 and spun it into a five billion dollar windfall So as long as teal wants to withdraw his money until april 27 When he is six months shy of his 60th birthday He will never have to pay a penny of tax on those billions. So look I'm not here for the short term things I'm here for the long run and if you've been around for a long time You know that some of the best investment strategies and that people have made the most amount of money in crypto Did a very simple thing they bought and hold and then the problem is it's not how much you make It is how much you keep and when we take a look at peter teal Who is a pretty smart guy as far as investment goes in business? He was part of that paypal mafia. He has branched out into bitcoin He has branched out into bitcoin mining and a host of other things that he's done along the way When you see these types of things that's what smart money does They look down the road for the the long-term effect So if you're watching this video chances are you're pretty smart with with your cash You're pretty interested in how you can grow it and do those things Again, I can't tell you what to do I can only tell you what I'm doing and what I'm doing is I'm using your cryptocurrency IRA And it works out pretty well for me. I think I'm going to be around till I'm 60 and when I get to that point I just have to plan for the future and if you don't if you If you fail the plan you're planning to fail and this is just one of the things that I think a lot of people should Really look into so that's what we got To finish this up pro pro publica, which is the name of this organization Or where i'm reading this from has obtained a trove of irs tax return data on thousands of the country's wealthiest people Covering more than 15 years and what this secret information reveals which is not really a secret Is that while most americans are dutifully paying taxes chipping in their part to fund the military highways and seafy net programs The country's richest citizens are finding ways To sidestep the tax system one of the most surprising techniques involves the Roth IRA Which limits most people to contribute just six grand each month or each year excuse me. So here's the thing I still got to pay taxes on all the land that I own Okay, I can't get around that and that's where a lot of different things come through state taxes Now with government taxes that goes to fund a whole host of things and i'll just be honest with you I think they're mismanaging my money Why is it that I have to put my money into the government when they mismanage it? Horribly and on top of that they take that money and go thanks for that money We're just gonna keep printing and it's gonna devalue all the dollars that you put in and also we want to tax you some more So it's up to you to decide uh, what? What what is best for you and your family? I will just say that I'm not here to sidestep anything I've been paying taxes since I was 15 years old Eight years in the military and all the different uh decades of just work that I've done Anyhow and uh, I'm tired of it and I just don't think that uh, we should really be in there And that's that's me to say and the people say oh well your your size everything look man I still got to pay taxes. I will never get around that But I'm gonna say the exorbitant amount of tax I have to pay is ridiculous and that's what I'll go for So for me personally, this is what I uh, I think about I need to uh, just minimize the tax not Uh illegally getting around it but doing the things that I can do this also leads me to my next point So the irs is going to deny you tax-free crypto to crypto swaps. Did you know that? So if you swap bitcoin for a stable coin like usd or tether You're going to pay taxes on that on the gains that you did The irs says exchange of one type of crypto for another are taxable Even if no cash changes hands the tax law was changed by statute to say that starting january 1st 2018 Crypto trades are taxable. So that's a big bummer So here's what I'm going to tell you I'm going to knock out two birds with one stone And how do I do that? I'm going to use I trust capital I trust is what I've been using for a couple years now Did you know Real quick that they have all these different cryptocurrencies and precious metals gold and silver And these are actual golden silver, which is uh stored in the canadian national mint So you can if you're a gold bug or it's just like gold and silver I own both of those. I also own cryptocurrencies. Here's all the cryptocurrencies that you can actually buy into In your roth IRA or sep or traditional whatever you want to do Bitcoin and thermocrat that about you can you can see this. I don't need to read this to you That's a lot of stuff, right? And then also on that whole thing with trading while you traders out there. Look, I trade a little bit myself I'm very bad at it. I'm just letting you know But uh, all the traders out there All those things are taxable. However, this is my account and I've learned some things out obviously But uh, if you can see it like I can buy and sell within my roth IRA account And I can put that into us dollars and guess what I can trade that I can get out of bitcoin or ethereum Or all the different cryptos that are available on iTrust And then what I can do is I can hold on to that those dollars and then once the price Bottoms out I can buy it right back and I'll pay a dime in taxes. That's the beauty of a Roth IRA. So I did a quick video. It's about 20 or so minutes long. I will link in the description I talk about everything has to do with uh, Roth traditional seps and IRAs and I break it down to the most basic things you need to know You can check it out. I'll link in the description And uh, that is really it. So I use iTrust cryptocurrency IRA There's a link in the description also for give you some discounts. You can check it out Do your own research. All right, and finally Well, second to last just you know, I'll go this very quickly Andres and Horowitz triples on a blockchain startups with 2.2 billion crypto fund And while the crypto market's most recent hype seems to be dying down Uh, these guys put in 2.2 billion into a crypto fund. It's the firm's largest vertical fund ever And in 2018 they they put in 300 million then 515 million in april of last year And that brings them up to 18.8 billion assets under management So when we take a look at smart money, like take a look what the old did with his with his uh, his IRA Take a look at all this what he's doing with the bitcoin mining operations And if you haven't checked out that video yesterday from you when we talked about bitcoin mining in texas I think it's an undervalued video I'm not a big Sensationalistic guy, right? I don't put in that, you know, crypto is going to explode tomorrow And uh, bitcoin's going to 10 million dollars. It's something stupid like that. So, um It's just it is what it is. I think it's one of the more important videos I've done about where things are going as far as like china bitcoin mining going in the united states And I'll link it also at the end and then late lastly just so you know that uh, uh, these guys and dresen harrowitz They're pretty smart people. They've already invested into things like NBA top shot maker dapper labs, which hit seven and a half billion blockchain infrastructure Definity nine and a half billion valuation and they love the series. They have uniswap So I just like these these stories just to see what smart money is doing and investors are doing because they're getting into the space Which is where we are at and I like to see that So let me just think of the comment section and then we'll finish up with just a quick snippet of yesterday's video Uh, it was over on alex maskiole show and we talked about racing to mass adoption NASCAR driving so this was it was me alex Steve from voyager and uh, landon castle who drives The voyager car on the nasser nasser nascar xfinity series And I will just say like this. I'm going to link that video also. I think I'll put at the end and I know a lot of people have been disappointed with voyager when I called voyager the price It was 29 cents on january 7th 2021. You can go watch the video I did a bunch of price predictions, which we're going to do another one at the end of june, which is coming up pretty fast and In the beginning it was every it was great Someone from 29 cents to 60 cents to a dollar two three four five and it hit all the way to seven dollars I think seven dollars 11 cents, which is pretty darn good But then as people were watching these videos, you know They were watching them in march and then april and then may and then they said well I invested into voyager When you said to invest in voyager I'm like I said to invest in voyager at 29 cents and I thought I was going to 30 dollars and let me just be clear I still think it's going to 30 dollars The problem is is that we need real world utility and steve over there at voyager had to fix a lot of things because they went from 70 000 users To almost 2 million now and their latest earnings reports that they're at 1.6 million users imagine Trying to drink from that fire hose every day. So they've done it. He said give me 90 days Did did well. He's got the customer support a lot of different things have been improved. So I'm pretty happy And that's why I recommend them again. I stopped for a while And they're going places the thing is we need to do that token swap which is everything that goes over from ethos in all the different tokens that they have because they're gonna they merged with lgo To the new token which is going to supposed to happen on june 30th And I questioned the very first question this video was Steve did you do what you say we're going to do because you told me june 30th And in that video, he said yes, we are on track for a june 30th token swap So we're going to do the token swaps going to take about 30 or 45 days So you let everybody get in there then they're going to do the voyager loyalty program Which is going to give an actual real world utility to Voyager and that's a voyager token, which is going to be you're going to be able to get more yield You can go from up to like 1.5 percent depending on the amount of voyager tokens a debit card a credit card The reduction in fees and a couple of other things that escape me right now And that's what's going to Really give utility to voyager on top of the fact that they are expecting to go from 2 million To roughly 10 million by the end of the year. So just imagine that so I will link that video You can watch everything that Steve says anything to land and talks about as far as the nationwide campaign They're doing with NASCAR. I think it's a great thing So I think we're going to see fireworks with everything and what's which is amazing to me is he's like We're going to do that loyalty program kickoff in august. So imagine you have the loyalty program program in august for voyager You have bitcoin kind of coming out of sideways channel and this this wike off Chart which people think this is is is true I think it could definitely be true And then we're going to see august do pretty well for as far as like cardano because the smart contracts come out Eip 1539 for ethereum I think we're going to see a lot of things happen in august september october november Maybe even december and we'll see where the market goes. But anyhow, that is it for today. So look Thanks for sticking me all the way the end. I appreciate if you like the video give it a thumbs up Also consider subscribing all the things we talk about here on this channel are time sensitive also things that are Swirling over here. Those are crypto art with acrylic You can find the crypto art link in the description with a discount If you want to actually have physical art on your wall not nfts like physical art You can check that out and that is it for today So thanks so much for stopping by appreciate it. I'll see you in the next one