 And great well image the last set news to get top stories in crypto and bring out a bite-sized pieces today Just as the thumbnail suggests Even though everybody's talking about the Federal Reserve and the announcement made by Jerome Powell There is a much bigger issue at large and I need to bring it to your attention I'm gonna show you exactly what I'm gonna do before we get into that Let's take a look at the crypto and traditional markets and also take a look at the announcement yesterday and What I learned from the meetup we had here in Puerto Rico I'm not gonna spend a great deal of time on the announcement Everybody knows what was said and if you don't I'll just briefly skim over it But again the bigger issue is This bill called America competes and it's what's really important It kind of seems like things are being blown out of proportion for other parts when the real important aspects are Right in front of us. Also, we'll take a look at looking forward Picasso teaching the future and Vladimir Putin from Russia who is Actually becoming very pro Bitcoin and lastly we'll take a look at our do a little Q&A for the five questions that you guys got And we'll go over all that stuff. So before we go on Let's make sure that the audio is looking pretty good and we're okay and We'll go from that. Let's Kevin. Love your videos. Great. Now's that going down exactly? Bitcoin is done. No, it's not done. I'm gonna explain that why so looks like we're doing okay with the audio in the video Let's jump into a Little bit of what is happening today. So First of course, let's take a look at the market, right? Why not just to see where we are and We're down 3% and why are we down 3%? Anybody's guess because it wasn't like the announcement was anything Dramatic yesterday. It wasn't like Jerome Powell said hey, we're gonna drop, you know three points No, he didn't say anything so we're gonna just kind of let everything go until March So I was like, okay, and then there was a huge pump and then everything just kind of started to slowly drop down again I think we're taking the eye off the prize So here's what we got last 24 hours Bitcoin down 3.4 if they're in 5.7 tether And let's get finance coin 6.3 for slot 3.6. Everything is down across the board last hour It's looking pretty good Not that that's a big thing But remember over the seven day and over the last month or so that's the big story. So yes You can take the smallest of small wins if you're a Really sharp trader for the last hour. You're up 5% great, but really the grand scheme of things It really is what's going on in the grand finality of time and then unfortunately since we're so Attached to the hip. Let's take a look at what's going on the S&P 500 It is now 1145 here in Puerto Rico, which means that's 1045 roughly in New York or eastern center time when the markets have opened up about an hour So and it opened up pretty good and everything it's actually rose and then of course I think people will take in profits and boom it goes down again. That's not S&P 500 But let's zoom out see how we're doing not too hot one month not so great six month About the same then over a year time frame doing pretty good. Actually S&P 500 So when in doubt zoom out and then of course the NAS deck Which is what I think is correlated more closely to Bitcoin and crypto the last day. I mean today It's looking pretty good I mean start off pretty high went up and then of course it's falling down because people taking profits or whatever else, which is what? Not investment advice just investment opinion if you're gonna take if you're gonna invest You want a dollar cost average in it's also important to take a little profits along the way Nobody ever went broke taking profits and that also corresponds to traditional market five days One month not so good six month. Okay now looking pretty bad But again, if we zoom out over a year number five years still doing pretty darn good in the traditional market And this is what gets to me Well, I'm not I'm not gonna spend a much time on this because you see this the story right here Right here. Let me blow this up It says why is the stock market dropping the feds message was scarier than predicted I'm not gonna go over this in great detail This isn't from veterans and it says Dow drops his Powell talks and the whole reason why they're thinking that this went down is because of this Andrew Brenner of nat alliance securities blame the decline on chairman Jerome Powell's tone of voice Powell sounded much more hawkish In the press conference and treasuries hit and equities giving back gains. So I'm just when I'm looking at this. I'm like really are we Are people in the traditional space? I don't want to say weak But that's scared that the tone of somebody's voice is going to drop everything I mean, I understand, you know, you have to protect yourself and everything else But in all honesty every time I I talk to My brothers because they're in the traditional space. I'm just like you guys are that You guys sell at that, uh, you know on those points like point five and 1.5 and 2 percent And you don't want to just keep going in because over time they're like, oh, yeah I mean that's just how it's how it's done. Like really that's That's insane 2 percent that just happened four hours ago. I could care less But again, I think it's just a different mindset and just seeing yourself like where do you want to be? Like are we are we here for the short term? We're here for the long grandiose time frame it just boggles it boggles my mind because I never was in the traditional space I when I got into investing First of all, it was all real estate. So that was a very long-term play And the second thing was I never really got into stocks or equities I did buy a couple on the way, but I really care that much Tesla and google because I like those companies. But besides that, I just thought, you know what? You know crypto, it's it's like a proving ground if you can handle 50 swing in a couple of weeks you can handle anything But that's all we have and there is just a little bit of good news I will bring up quickly and that is that's for the for the traditional space q4 GDP was just released and the u.s economy expanded at almost 7 percent This just came out like an hour ago or so So GDP quarter over quarter annualized 6.9 versus 5.5, but they expected 2.3. That's pretty good Personal consumption 3.3 versus 3.4. They expected to And core personal consumption expenditures 4.9 hours All that really says is that look growth is going on things are going good So if that happens if that happens for the Fed the Fed's going to look like Okay, well if everything is going pretty well We're probably going to raise a little bit of rates because it looks like the economy is doing okay now What's going to happen in q1? Our q2 2022 as far as q1 it's anybody's guess, but this Again takes me to my next point Which is the announcement yesterday And what I learned from the meetup. Whoops. I already talked about that. Sorry. What I learned from the meetup was this And then we'll get into uh America competes and which is the big which is the way bigger deal So yesterday we had a meetup at this great place San Juan smokehouse was fantastic. The baking was great I didn't have the brisket, but it looked good And I met a bunch of people uh great I mean interesting interesting folks came out and said hi. I've never met you, you know, like I met james brown That was great james brown I had uh, yeah, my name luna who works for a crypto company. I met steven. Who's the owner I met alex. I met just a bunch of people f rain came back around my friend Biggie was there. So it was just a great time when I learned there was a couple there's a couple one guy there in particular And he had a good pretty good stories like look man He goes i've been in bitcoin since uh bitcoin. I was around when it went from 30 bucks To three bucks And I was around when I went from a thousand to like a hundred I was around when I went from 20,000 down to 5,000 I was around when I went from 69 to whatever it is today He said I really don't care what it is He goes because if you just look at this just what I said Things just go up And he goes I know what's going to happen over time I can't tell what's going to happen uh right here But I can tell you over time it's going to do pretty well and I was like wow So that's his investment advice. That's not what I said That's just a gentleman I met yesterday and made a lot of sense to me So when what I learned from that yesterday is the same thing I've always been thinking Just time in the market is a lot better than timing the market also met somebody But a different opinion and I and I like to this is the whole you can't get this unless you go and meet people And he's like look he goes I was big in the bitcoin ethereum And I sold it all and now what I got is just a bunch of s coins And I'm rolling into him and I he showed me his portfolio It was uh it was a good solid seven figures and I was like wow He said look he goes bitcoin could double because that's gonna be kind of tough But this one's could double triple quadruple and I'm really in the money and I'm like yes and I and I agree with him to a point But there's gonna be some and we both agreed that some of these are just going to zero That's just how it is and you can do that route that's investment opinion investment advice You can go that route and put in a bunch of s coins and not the blue chips, but it's risky So if you want to do that go right ahead and you could make a ton of money But you gotta understand that a lot of those are going to zero and uh, maybe they could Quadruple 10 x 100 x over time, but the basic principle was the same he said I don't know how long it's gonna take, but I know it's going to be a long journey And that's the thing that's what it really came down to so what I learned again is just the basic principle is Time in the market better than timing Let's get into what really matters because all that stuff we just talked about does not matter Unless we combat this little issue called america competes and I'll talk about it real quick I'll talk about what charles said and we're going to paraphrase what he said here Then i'm going to get to tell you like how we can combat this in specific ways If you're in the us I'll get to all that stuff because I don't want to just talk about it We need to have action. So this is why it's so important We talk about this. So there's a new bill What hand treasury treasury secretary yellen blank check to ban crypto at exchanges. Let me let that sink into you Uh to ban crypto at the exchanges And it's not like it's well We're going to go through a due process and have to do all these things and jump through hoops and legalities and And listen to the people. No, they're like we can ban crypto at exchanges if this law passes That's why it's important And this is not just for crypto provision as the american petech would allow Treasury to secretly I love those words secretly and government Prohibit any kind of transaction. It deems a concern without any public notice or input for draconian So authority for the so-called special measures The first four allow the secretary of treasury to direct financial institutions to engage in Extraordinary surveillance and record keeping About their customers transaction think about this every detail you've done They're gonna know And the fifth allows the secretary of the treasury to direct financial institutions to prohibit Their customers from transacting at all Think of this you wake up. You're like, I'd like to pay my bills today Well, you can't pay your bills because we had some suspicious activity and you're frozen So good luck getting your money out paying your bills or feeding your kids I don't want to make it sound that bad. But I mean, yeah, hey, it is what it is also to finish up I like examples examples make sense to me For example, if the secretary of the treasury deems that either a the neta lens or b a dutch crypto exchange exchange c All crypto transactions validated by a miner outside of the us or d all non custodial wallets are Of primary money laundering concern and she can swiftly make it illegal for any us financial institutions Regulated crypto exchanges from maintaining accounts for customers Involving those concerns i.e. wipe them out The proposed language in american competes act would remove all formal controls time limits and public notice requirements I'm not getting you. This is real from the imposition of these draconian measures that eliminates the notice and comment process and uh, I'm gonna link this I linked this in the description so you could check it out It's a pretty great scary read if you want to go over it But as soon as this came out Charles Hoskinson Project leader there over there at iohk cardano aida Came out with this. It's a really good 13 minute video. I guarantee I would I think I linked in in the description. Maybe I didn't but uh, you can search for it american competes And he's like the first video that comes up And uh, I will say this whether you like cardano. I like cardano Like what they're doing or you hate cardano. You hate charles You gotta tip your hat to this guy for being so johnny on the spot and really rallying the troops for getting it out there It's a great. It's a great one. I'm not gonna do is i'm gonna I just want you to listen Just to this It's like 56 seconds And I i'm not gonna blow it up. I'm just gonna have you listen to the audio. Okay So let me do that. Let me remove this Let me share my screen in a specific way. So you actually hear it Stop screen Break out That's is it. Okay, and you should be able to hear this audio. So let me play this Let me know if you can hear it and Go, you know, I was very diplomatic with the infrastructure bill. We called senators. We said, hey, let's get around then We had shelby now They're just just throwing it in there And why would jim do this? Well, you know, here's this wikipedia page for what that's worth. Let's look through. I went to harvard, okay And he spent some time in lima. All right, you know, what's oxford? Oh, that's good. Oh, here we go 1995 he's began working in golden sacks as a banker in latin america new york and eventually promoted a vice president Ah, he's part of the vampire squid One of the new democrat coalition chills that came in from connecticut's fourth congressional district And takes orders from the banking block. There you go. That's where the money came Okay, I had I okay. I added that part in but you understand what we're going here So if you want to take a take a quick Uh gander at that one, I will uh put that into the description and again if you can't find it It's uh, just uh america piece Dumpster fire and it's one of those things. So let's talk about real quick About How to compete with they're not compete with that how to uh combat that So it's great if we talk about it and we all get you know, we exchange ideas or anything else But it does absolutely nothing unless we take action. Here's how you do that So there is a link in the description and it's house.gov representatives First it has to go to the house and get passed probably will then it has to go through Your senators to get passed In that location as far as your senators go. So the house has to pass it first and the senator So if you just want to go over there first To figure out who you are represented by and in your zip code right here Find your rep by zip and it'll take it right there. Also That's good to get the ball rolling. Just tell them that hey this uh american piece this one provision is awful for crypto And also for the banking sector at large because they can spy on me do everything they want to and shut down my bank account I don't want that. I don't live in a communist country Let me know what you think about that in the comments But you can do that and then also for senators you can choose your state Whatever state you're at and like like this one. I don't know who this is or also Wyoming great it'll take you right to Uh their web page And you can contact them and say hey, this is awful Please vote against this and here's why and just like what I talked about So if you could do those two things like I've already done that would be fantastic So that's what we have and again It says uh these things are a little bit more important than drone power coming out and going You know, maybe I'm gonna raise some rates if we don't cut this off potentially it could be a really Big blow to crypto and digital assets. So the next thing about that in the comment section, let's look forward though, huh? Let's give a little balance here because it's not it can't be all negative 24 7365 here's some good stuff that's coming up. I think this is pretty good So Picasso airs are jumping on the nft bad and wagon They're gonna auction tokens to be accompanied by music from john legend and nos So before we go on this is the reason I picked this up is to show you Why crypto is not going to go anywhere unless the government squashes it like the way he's talked about It's because there's a lot of money moving around. Just follow the money. So check this out Pablo Picasso's airs recently announced. They're selling 10010 digital art pieces of one of his ceramic works great And I did that a work that has never been seen publicly auction house Sotheby's will host an auction in march That will include a unique nft I think they mean nfts because there's a thousand that can be wrong As well as the actual ceramic bull Great. This is another example of how technology takes over right Not all of us can afford a Picasso ceramic bull. Let's just be honest We're not multi-millionaires all of us But we can might be able to afford like an nft Or maybe get into a dow and uh get into that nft or maybe get them down And get the ceramic bowl doesn't matter the thing that I want you to focus on is why Sotheby's doing this Why are they, you know, why they even putting this up the reason is Is because the same reason why a bunch of different companies are getting into it and crypto's not going anywhere I think there's so much money being made and nfts Generated a hundred million dollars in revenue for Sotheby's in 2021 and that's just taken off So what do you think they're going to keep doing later on? So I see this as pretty positive news of where things are going also I found this little gem This was It was 5000 role models, but this was It's an example Of how great it is when a city like Miami Mayor Suarez gets together and says, you know what? Here's what we're going to do. We're going to teach kids How to use crypto By giving them crypto and we're not just giving them a little bit of crypto We're going to give them a thousand dollars worth of crypto. That's exactly what he did in this video and uh If you follow me over If you follow me over on news asset, you can see the whole video, but it's pretty cool and this This guy, I forgot his name. He's an author And he wrote a pretty good book about bitcoin, but he talks about how This is how important it is to teach a whole generation. So what they do is they give them they Invite these kids 55 students that are in these these specific programs They gave them a hundred bucks of bitcoin just to show up Then they said this was in december and they said, okay You can receive a thousand if you do this Which is we want you to hold on to bitcoin for a specific amount of time Also, we want you to use the lighting network and do three transactions If we do those things we'll give you a thousand bucks and that's I thought was pretty impressive Of what to do to teach newer generation I wish somebody was around in that time to teach me about the internet Just how big it could be so I think it's a forward-thinking thing and lastly I just want to talk about Putin Russia night stay little little little problems over there, but how president Putin I want you to notice one thing He's now supporting the government's proposal to allow regulated bitcoin and crypto mining And uh, he just said hey, this is a pretty good thing for russia I think we could do some pretty great stuff But I want you to notice one thing which is here The way that different organizations Talk about the same thing In their headlines so like bloomberg Comes over here and says hey Putin backs crypto mining despite The bank of russia's hard line you gotta understand bloomberg traditional finance type of place more so the block Is all positive Putin pumps the brakes on russian central banks push to ban crypto Seize the future in mining and break coins like hey bunch of advantages So when you take a look at the stories make sure you take a look at the stories behind the stories And that's the big thing because yesterday We talked about how Russia was supposedly going to ban bitcoin and mining But really what it was it was from The central banks and then this was a great article that I thought was uh, I'll I'll say it again because I love these articles So russia Should regulate crypto market not ban it Uh, this was a couple days ago, and this was from the finance ministry. Ivan, uh, chibiskov He contradicts a central bank which proponent of banning it And he said the ministry has his own ideas about how to regulate the crypto market While a lawmaker one went one step further Reminding the central bank of its place and states that the power to create legislation lies with parliaments And not a bunch of bankers I love that story because it just shows you just how there's always a story behind the story and get the whole information Why it's so important in your research, and that's what's going on today. So look You know it was a little bit actually was The same amount of time actually we do all the time about 20 minutes or so but I just want to show you that keep your eye on the prize and we know that's Time in the markets would rather than timing. That's uh, that's my opinion But the things that I learned yesterday from the meet-up to the things I learned about yesterday from the announcement To this america competes. It's uh, it just puts everything in the correct order So let me know what you think about that in the comment section Let's get to your questions and Q&A, whoops Q&A All right, adam says dx y's web. I don't know what that is And irash I've heard this too. Putin Putin has billions spread around the world and other people's names I heard bladder and putin is like one of the richest men in the world some days some days It all it's all How you present I'm actually a raging jerk to some people just depends on how you how it how you treat me I guess This is good. Putin needs to be regulated. Good luck That guy pretty much runs a bunch of stuff and then No questions today. Great. I must have done my job If doge hits a buck, I'll pick some That's how my family said about bitcoin. He said, you know when it goes 100k I might consider buying seriously That's their that's their mentality Here's a great quote from john John said last three years. I've been in this and and still back to where I started if So this is the things that can happen and it's one of those things which like you're gonna hear this this phrase If you're new to crypto welcome Ah, pretty good time to pick up some deals but just remember that if you If it's taken this long That there's gonna be this phrase you're gonna keep hearing. It's called diamond hands And diamond hands is what you're gonna hear all the time Like you need to hold and hold and hold and hold and hold and hold and hold The problem with holding and holding is that if you hold for too much and too long, let me adjust this You don't ever get to take profits and people like oh You got to you got to just hold on forever because bitcoin's going to a million. Really? Well, guess what if you sell at a million Some people are still gonna say you're an idiot because bitcoin's going to 10 million you moron And it's like I always talk about do you want to be the richest guy in the graveyard go right ahead? That's fine But for me, I'd rather just take some profits out and afford some things That is my goals and my goals are not your goals. So at some point john Hopefully as time goes on we can dollar cost average in right? We buy these dips and we do okay And we just pick the points And if we want to take some money out we take some money out We take our profits and we dollar cost average out that Is my main mission now those two things that I said and the four-year plan the four-year plan is whatever you're buying today Just forget about it and just wait for four years Because over that time unless it goes like parabolic then of course, you know take some profits, but I think you'll be okay. All right crypto flat smack Cryptotherapy somebody I want to protect the banking model. I think so Let's see. Let me go Somebody had a good point Take profits. Yeah Yeah, it's a good one MR says 27 year futures traders here. Hello MR then slowly accumulating positions in what I call crypto infrastructure Good layer one solutions thing like that. We never know what is going to survive. So everything is subject to change Yeah, that's right. Never know Rob could NFTs and gimmicks for that bill maybe the thing is NFTs are built on something correct, right? So NFTs of the majority are built on ethereum And or even if you use wax if you want to transact in wax, maybe the department comes down Jan Yon's like, you know what that ethereum looks kind of suspicious I think we should shut all those down and it's not going to be like the whole chain But they could shut you down and that's the big thing Ugh diamond hands And then Luigi says I think we're facing a nasdaq and crypto the same we face in march 2020. What do you think? Well, I remember in 2020 there was this little thing called coba that came about and it crashed everything I remember when ethereum went down to like a hundred 200 bucks and I think bitcoin went down like $3,000 Correct me in the comment section. So do I see that kind of black swan event happening? If you never know you never know and that's why it's important just like I said take profits and have And diversify a little bit, you know, maybe like a little real estate here and there maybe Some other things that you can get into Um, maybe stocks maybe golden silver. I own golden silver. I don't see any problem with that I don't know why golden silver people just can't buy both. It doesn't make any sense to me So I think it's the same time. I think it's a little bit different now, but uh, again Nobody knows What do you think about storm x? I like storm x. I like simon u CEO over there been around for a long time And I like the platform actually buy stuff and get discounts. I don't see a problem with it. What's over And And someone just said some I can't find the comment that says and this will be the third question What about regular videos? See regular videos. They work out pretty well. I like doing the live ones because I don't have to record Then edit Then upload then wait then go through the rigmarole and this is just a little bit faster So I like this format and then you can ask me questions. I like it better. You can always come back As of the three videos I go. I started to do timestamps. So if you come back, I'll have all the timestamps for you too If you don't want to watch the whole thing This is a great question Alex is how does america compete with what they're proposing? They're trying to compete on a global scale and one of those things that they talked about this whole provision As far as like dealing with the elicit activity and money laundering was specifically aimed at china and different problems that are going on with china Here's the thing if you want to compete if america wants to compete they need to throw that out Because that's not going to do anything good for us and they really should just embrace crypto and say, okay We want crypto here just like we wanted the internet here and it worked out pretty dang well for us Back in the early 90s or mid to late 90s early 2000s as we grew a bunch of massive companies Like at google like a facebook like everything else that's been in silicon valley And you can just say like this, um That's how america competes now if you want to regulate it sure go right ahead if you want to call it security I don't care just make up your mind because as time goes on all these different companies that are here that are Doing quite well They're going to just leave a vacuum and leave because America is what it is. They did a great job with allowing miners in texas. Thank you texas in great state But they're doing real bad job and other stuff Fourth question. Have you heard of celcius x the defamera celcius? I guess I have Actually, I talked to the the folks over there at celcius And I'll probably doing some videos about it because it looks pretty promising what they're doing. So stay tuned Okay, and last question Investing in the game fight. Yeah, uh, there's two, uh ginsu kishi, which is what I talked about yesterday. Again, they got a platform Elemental mites that already has a base of users. They've been around for like seven eight years They already have the app on ios. They already have it on android. They already have it on ps four or five and then also on nintendo switch So they're they're bringing that over into the metaverse So again, so kishi probably a good one also ever dome potentially could be a big one. They've partnered with meta hero And uh, those are the two that I like do your own research risky stuff non-investment advice And I don't like the live stream, but it's double the length and half the content No, it's all you man. So if it doesn't work out for you, then uh, just I don't know what to tell you because like I think we do the same amount of content it just uh Roughly about the same amount of time because we get done around 20 minutes and that's it Now the q and a takes a bit longer, which we're going to stop right now But it's all what you want, right when i'm walking the dogs in the morning Like I could use a an hour long session listening to something. It's had just a 10 minute snippet. That's me Everybody's different, but that's it. So look Uh, that's it for today. If you like today's video give it a thumbs up also consider subscribing A lot of things to talk about our time sensitive. That's all we have So thanks so much for watching. I appreciate it and I'll see you on the next one. Adios