 Great. Welcome to the last set news to get top stories and crypto and bring out a bite-sized piece today Just the thumbnail and the title suggests and I couldn't make it any simpler America America almost owns 50 percent of the Bitcoin hash rates They're gonna look exactly at what happened And is this actually a good thing that the hash rate is centralized in just one country even though it is my favorite one Also, we'll take a look at how the number two minor Kazakhstan just had a big crackdown and they're gonna be showing now minors and what that means for the global community And lastly, we're gonna take a look at how US senator Elizabeth Warren needs your help And I'm gonna tell you exactly how to get a hold of her so you can share with her your information And hopefully send her on the right path as far as crypto and digital assets go So we'll do all those things and also we'll do a quick Q&A at the end five questions in five minutes and that'll be the very conclusion of the news But first up let's take a look at the market recap and also if you're here live You may have noticed that we pushed the show back a little bit because I was doing this in the morning or an 830 well 930 because I'm gonna on Atlantic standard time here in Puerto Rico and It was just too early for me honestly just to there's too many things going on the mornings for me So I thought you know what maybe I should push it back and then a couple of people and you had emailed me and said Hey Rob, I'm in California, man. It's like four o'clock here. I can't catch your show And I'm not gonna wake up. I mean they said I'll wake up every so often like I'm not gonna wake up that early So I push everything back to I think we're just probably would hear seems like noon is a better time It's like 1145 which is eastern time. That's 1045 central 945 Or yeah 945 mountain and 845 On the on Pacific and then of course, I think globally it might work out. So let's just keep it right here So if you're here live welcome, thanks for stopping by if you're catching the replay just now We'll do timestamps below but everything kind of works in a linear motion And then if you're looking for to continue your education Not just the daily news go over to Dan teaches crypto comm 100% free is free always will free free So let's quickly take a look at the market. So Here's what we got today. It is 18 think we're one day past Patty's Day, right? Yeah, March 18th 1145 and I don't know I always leave this open So let me refresh this because we were at roughly 1.9 trillion yesterday Maybe we did some now. God. That's boring now. We're at 1.9 2 trillion watch out huge big jump and I gotta tell you it's I mean they talk about how Crypto is volatile not really. I'll be honest. It's putting me to sleep Bitcoins down. I mean basically it's just chopping sideways if there aims up a little bit. That's great That's really good, especially for the the loans that I took out on over at Celsius because When those when those numbers go down those margin calls come in quickly. So I'm great I'm at finance coin ending majorly losing Tara, but they have been on a huge tear 2.7 for she be, you know, I'm sorry shebes 3% for chain link the one I dollar cost average every day still I think it's gonna be I think it's gonna work out pretty well 3% so no bigger no big winners or losers in the top. Holy smokes as I don't finance I know what that is, but it's up 244 percent in seven days. I'm sure that can I'm sure that'll keep going up forever Let's see a coin. Ah, yes the story of yesterday a coin look if you got an a coin and you're a holder of Where's the board AP odd club Congratulations, I mean you got a ton of airdrops and I think a lot of people got dumped on That's not my thing. Now if you want to get into it and it's it's the government's play And you see it like there's real-world utility and they've got some great developers behind the token almonds for salad Hey, go for it. When I looked at it. I'm like, nope. I'm not gonna touch that now Will this be one of those currencies or cryptos that go high? Yeah, maybe it's just I'm gonna pass on that one and I've passed on many things that have gone up quite well But for me, it's more about just the slow and steady pace and I'll go from there So maybe I'm making a mistake. Let me know what you think about that in the comments section Also real quick. Let's take a look at traditional markets. How do we do in today? Especially with the federated a couple days ago No, doing pretty good. Now's that. Let's see. We refresh this. Hey, very nice So you would think man, I gotta tell you traditional markets up. I'm not even a point really. Well, no, not four points 0.83 almost a percentage of Nasdaq. I gotta tell you we're right in line Essentially with the crypto market man as that boy does fall through and then let's take a look. This is a Ben's website into the crypto verse and then also Real quick, we'll be doing the DCA show today in about another four hours or so So it's me Ben from the crypto verse James from best answers. I think I'm pretty sure it's on Ben's channel today So we'll dig into the charts and all the great stuff and see where we're going But I do like show I do like showing Ben's Ben's website. It's pretty pretty great because he's got all these great TA charts market cap and trend lines risk factors Which I showed this one called the the risk level and he's like, don't show that again Okay, so I'm not do that But I do like to see these because like you can kind of tell where things are going crypto market cap and trend line and just so You know If you there's a link in the description you can sign up for it It's like a hundred bucks a month But then does a great job like you can and it's not an affiliate link is just it's just Ben's thing But everything he talks about here risk levels, which are great because you can see we're gonna kind of get in and out running return on investment monthly returns Bitcoin ROI's on chain charts supply hold always. I mean he really puts a lot of work into it Everything that he does you watch a video about why it is and I like this one because it kind of shows us kind of where we're at See this this line right here The fair value we're actually much higher above it Then then what the fair value should be and of course it's all Here's the formula if you want to geek out have fun, but yeah 1.45 then we're up to the upper band Yeah, this is the way ever at 8.6 trillion. So and we're at 1.9. So we're doing pretty good So what does that mean? That means that the fair market value we could go lower Of course, nobody has a crystal ball, but it's just good to see like okay We're a little bit above maybe I shouldn't sell my house right now to get in that's just me And then also if you're curious, there's this thing. I've been starting to follow Called whale number three and I linked it in the description and we talked about this before Just so you know will number three has been is like this This enormous entity that's been buying bitcoin since 2019 and they're massively up and no one knows who it is No one knows if it's an exchange if it's some Government they have no idea and it's but it is interesting about how and when they sell they kind of sell towards the the top And and they start to buy at the bottom So just so you know the whale has been accumulating all the way since March 2nd and the last one was March 15th So just something to keep in mind of and that will lead us into today's top story. Sorry It was a little bit longer than I'd like to but here's what's going on today America Is crushing it? So what I'm talking about is that miners that hodl the most bitcoin are relentlessly Expanding and before I get into it. Here's just some quick on-chain analysis from crypto quant This is bitcoin miner outflow all the way going back to 2016 2015 And you have to remember that in the old days not really old days, but days past You would see miners see these spikes here. This is miner selling And I mean 2011 there wasn't that much Bitcoin but there was as far as like the percentage wise there was a lot of selling going on for bitcoin miners because that's all it was It was just You know, they would secure the network hash rate would go up, but they would sell like crazy And here we are but you can see like As time has gone on You don't see as much selling especially 2017, but there are some points when they did one of those points was around 2020 this is when the china banned crypto again And people had to move out And then there was times when there was like a big, you know big drops, but even when there's big enormous drops Like this was back in 2021 the price blow 29 000 there wasn't that many Miners selling and even even today it's pretty steady Not like it was uh in the past going You know, let's just go to them today and look at this So why why is it happening? Well, there's a couple of reasons so It's interesting to note though That bitcoin miners are holding more and more bitcoin while relentlessly expanding their operations in 2022 and then The big thing for me is Well, besides the fact that it's holding onto it Which is good for us because the more they hold onto it the more the price can hopefully go up And then when there actually is that supply shock We don't have many people selling like crazy But this was it was an eye-opener for me because I had no idea this was the truth is that 45 percent 45 44.95 percent Of the global hash rate derives from north american miners According to the latest figures from the cambridge bitcoin electricity consumption index. So yeah united states I mean, this is If you can this is from Cambridge bitcoin electricity consumption. So yes the north america Uh You've got canada at around 10 percent you've got United states at 35 percent, but you have to remember this is in july 2021 And that's what the data that we have here. However, and then of course over here Russian federation is 11 who Kazakhstan which we're gonna talk about a bit is 18 percent. It's a lot. I don't see whatever Mexico you are really dragging point zero. I would expect better from mexico Ah, let's see what else brazil 0.49. How much does australia have? Geez, nothing really. Who's this? iran is three percent interesting, but if you go down here And take a look at the uh the hash rate august 2021 united states had 42.7 percent. So over here we're looking at july 35 percent august 42 percent And I think now we have even more Especially what we're going to see was what what what is going on with kazakhstan And to me it's it's amazing that you've got 42 percent The network hash rate you see this right here this yellow piece right here. This was china back in the day china Just started to lose and lose and lose and before you know it Now they're at zero Because they stopped it all but it's amazing what what the flip that was because you had 44 That might be the hash rate, but just the evolution of the uh of the share itself You had china that was just dominating and they said you know what no more and then now we have Everything moving into North america more specifically the usa hopefully canada can catch up and we have a little bit of more of a dichotomy But that's what's going on. So jaren mellarud an analyst for our kin research said that most publicly listed miners Pursue a hodl strategy, which is good They're not selling a bunch of it. They're not putting it on the exchanges which leads to price volatility And they're doing their best to keep as much as they can of their mind bitcoin This hodl strategy enables them to serve as bitcoin investment vehicles For investors who want to own bitcoin indirectly Their investment structure, they don't need to liquidate their bitcoin in order to buy More machines increase their rack space They're able to go to capital markets Get the money of it to continue to expand so they're able to hold large positions in bitcoin This is actually one of the things that uh michael sailor talked about He said look he goes if you want a bunch of bitcoin and you're a bitcoin miner You really don't have to sell like you did in the old days now. You're just take loans off against it Or you can you know raise money through class a class b or whatever Uh Investment strategy that you want to do as far as raising money because right now I would think that if you're a bitcoin miner and a pretty large one You could raise a good amount of money because of the asymmetrical returns that bitcoin actually gets And I think you have the the ear of the investment community So if we do something like that or maybe just take loans out against that means You don't have to sell your bitcoin and these are the things that When you do that you actually the money works for you as opposed to just taking money out and buying lamblet or something goofy like that so To finish this up Some of the largest miners Hold huge amounts of bitcoin and this is how much so you can see that the marathon mining group They all know almost 9 000 bitcoin core scientific 77 7 000 hutt 8 6000 riot almost six Bit farms and it kind of drops off after there bit digital clean sparking and get that cathedral So January 21 miners reserves have been steadily increasing reflective of their whole strategy Gibb suggests that the publicly traded bitcoin mining companies Are talking more of a bullish approach to bitcoin and then it kind of gets to the bottom But that's essentially it in a nutshell. So I like to see All these things that are going on Especially with the hash rate and usually you know, it was always it was an interesting part that Hash rate was supposed to fall a price and hopefully it'll actually go up So let me know what you think about that in the comment section, which leads me to my next point Kazakhstan so this just came out kazakhstan shuts down over a hundred crypto mining farms And I think more are on the way so man, what we just talked about here kazakhstan 18 percent I think that's going to fall as well. So where are people going to go? Probably to where electricity is cheap Financial watchdog goes up to crypto miners across kazakhstan the rapid expansion of crypto mining in kazakhstan since last year's cracked down on the industry in china Has been blamed for persisting problems with electricity shortages and blackouts, especially with what's going on Over there in russia ukraine getting oil out trying to make Electricity widely available Prices will only go up. So how do you cut down on prices or cut down on the consumption? Well, you cut down on things that the government may think that is not important We think it's important, but they don't following inspections ordered by president kasim joe martt takiev 55 mining farms have voluntarily closed down kazakhstan financial monitoring agency announced on tuesday The financial monitoring agency has filed 25 criminal cases. These are for illegal miners and seized 67 000 units of mining equipment He's the one that didn't shut down and we're doing it illegally The regulator claims that the latest crackdown has helped reduce energy consumption in the country by 600 megawatts Not gigawatts megawatts. So sure The lack of sufficient regulation of mining cryptos the agency warned creates risks for the country's financial system And its citizens the national association of blockchain data center industry of kazakhstan Recently revealed that authorized miners have already moved a third of their equipment Out of the country. So The question to you is where do you think they're going? Where can they find because i'm not a miner but as I understand it the Most important place to find is the place with the cheapest electricity And you can find a cheap electricity. That's where you want to be to cut down costs So the only thing about that in the comments and we'll finish up with a little senator warren action This was a great treat of a video and This is us senator warren. I have no I have no problems with her. I know some people on the channel do I Just just a senator trying to do the best that she possibly can But I think there's a point and I think we're all in the same boat here where we think we know what we're talking about And we really don't and we're like, well, maybe that's not right like i'll come out and correct like What I said, yeah, I wasn't correct. So like with this video just check this out It's about two minutes or so and who she's talking to Is this gentleman here Johnny levin and he's the co-founder of chain analysis. So she's gonna ask him a bunch of questions about Dodging taxes and listed activities and he gives her everything that she needs to know and she just will not get it So I'm going to ask you for your help after this video to to help educate Senator warren's let me mute my my mic and then I'll have you listen to this real quick Mr. Levin, let's consider one of Putin's cronies who already has A billion or so in crypto that he wants to hide from the governments that are enforcing sanctions on oligarchs Now can this oligarch make it harder to trace his money? If he hops from one blockchain to another If he deposits those tokens into a couple of wallets that don't require him to provide identifying information And if he uses a mixing service that launders his money with other people's money Thank you senator. So the um the scenario that you you describe Where an oligarch has a billion dollars to be able to launder requires significant amounts of liquidity to be able to Skate that amount of money through the use of cryptocurrency. In fact, there are many times. We've been able to identify I'm sorry. Let me just remind you of what my question was again What I'm asking is about the tools that are available No, he may have to break it up into multiple pieces of who knows a hundred million dollars at a crack But the question I'm asking is does hopping from one blockchain to another Does depositing tokens in a couple of wallets don't require him to provide identifying information And does using a mixing service all make it easier for him to hide his money So senator the answer to that question is no because the chain hopping that occurs you need To actually provide the tokens which in a transparent way that allows you to move across blockchains We've actually got software that allows you to chain hopping makes it any easier to hydrate money How about depositing tokens and wallets that don't require identifying information? You can always split the money up into wallets that don't require and that would help hide money And how about using that does that doesn't remove the record of where the money actually sits But the question I'm asking is does it make it harder to track the money? No, so it doesn't make it harder to track the money because there is a mixing service You're telling me doesn't make it harder to launder money the the daily liquidity value of mixing services globally is about 30 million dollars And we have done extensive work in tracking Large sums of money through mixes that have led to the arrests of people and the disruption of their activity You know, I'm actually a little surprised by your answers since you charged a lot of money to untangle and track Assets through the system and the system keeps developing more ways to obscure that money And that's part of what you advertise so Here's the thing it was it was a great back and forth and it's kind of funny like when you have all the answers Or at least you think you have all the answers and you got somebody lined up and you're talking to them You're like, okay Just give me what I want to know so I can prove my point and of course when that doesn't happen You get a little like I said flummoxed in there. So I'm going to ask you for a favor There is a link in the description and it sends you to elizabeth warren's home page And underneath there, there's this thing that says share your opinion and actually this is what I link link it to So if you have anything that you'd like to share with elizabeth warren about how that works and elizabeth activity and And what is done for you and your family as far as crypto digital assets, please share that with her Unfortunately, you have to give your email, but not sure all your share just too, but you know You can I don't know if you have to give the 100 authentic one, but just share your information Sorry, just give your response. That's what I would do and then just help us out help warren out Because if we don't help her educator and what's going on with crypto She's going to rely on people like jenet yellen And gary ginsler to run the roost and then we're all in trouble. So that concludes today With today's news. So I want to thank you for sticking around now For here moving forward. We're going to go into the five questions in five minutes. So if you got to take a step off That's okay. Just remember that today. We'll do the the dca show meet ben and james over at thon Ben's channel on the cryptiverse that'll be in four hours from now. So let's jump into the q&a Yeah, that was funny Oh and uh, let's there were some questions That I missed yesterday. So people have emailed me And actually one said they could they could never make it. So I want to share with you their questions And then we'll do five as well. So let's see here Okay, this is from robert g and robert g asks Dan I watch your videos regularly. I have a celsis account now set up an iTrust account great Just so you know the thing that hovers above my head on every video iTrust. That's a crypto IRA is a link in the description and That is what it is a Roth IRA. So if you don't want to pay any capital gains tax This would be a way to do it But again, there are limitations as far as like when you can take it out and all that stuff links in the description I show exactly how to do it but Robert says what is your strategy or how do you determine what crypto? You will place with celsus and what crypto you will purchase in your iTrust Roth account. Well, first of all with celsus I don't I only keep about 10 in my portfolio over there because you have to understand with celsus I mean any exchange is an exchange even as strong as they are I just have to be careful and I don't really want to keep a bunch of things on there So about 10 and I just have a plethora of different things over there What I take a look at with celsus is Which one's giving me the highest yields and I transfer things over there And that's the best way I can tell you how to do things as far as like with celsus in general And also if you're looking for to sign up with celsus Just got my exchange of wall of feeds fees again link in the description There's they're all affiliate links all of them So if you can't stand using affiliate links and getting 25 to 40 bucks to sign up No big deal. Just go right to celsus and do it that way. Okay and So that takes that takes care of the celsus part, but for the eye trust part So for eye trust capital the question is how do how do you determine what to put into it? It really depends on your And your thought process like where do you think things are going? First of all with eye trust Here's all the different cryptos that you can get it Purchase and put into your Roth IRA. I mean it's everything. It's a ton of Ave algo axi Cardano chain link compound You can also do gold And I I know you can do silver. They're silver Solana stellar sushi tasers uniswap year in finance and da da da da So then the question is well, how do you do it? So I'm Everybody's different and for me I'm looking at this. I'm looking at everything is like I always look at things like three four year blocks So like when I got in 2017 Didn't really work out too hot for me in 2018 because I got in like we all know in 2017 So in 2018 I was like, well, I'm not going to get rich quick. That's a bummer So I'm just going to keep dollar cost averaging for the next three or four years And maybe I'll make some money and it worked out pretty well really well. I was buying like I said bitcoin at 8500 and you know 5,000 sometimes and 9,000 10,000 Ethereum 200 300 bucks cardano at 8 cents 7 cents. So it worked out pretty good So in this situation with eye trust, it's the same type of thing. I look at like well If I want to be safe really the safest bets are bitcoin ethereum right now and Some people will say well robin or the ethereum and da da da sure it might collapse as well But that's why I kind of spread things out as much as I can so Um, just so you know with an eye trust account. It's a Roth IRA for America. That's pretty much it right now so you can't you can only Don't or Contribute depending on your age and different factors between six and seven thousand dollars per year And that's it. I've had it for two years. So if I do some quick math I should have around 14,000 roughly in there. I think that's that is Everybody should understand that right and it makes sense about around 14,000. So What I'm going to show you shouldn't be a big surprise. So if we take a look at the account itself blah blah blah My dashboard So I've got about 13,000 in here and Look, you should never show anybody how much you have in your in your exchanges and your wallets or anything else But I've been talking with this forever. I think everybody should know I have around 13,000 in eye trust because I've had it for two years This should be no surprise if you're if you're a hacker and you're able to Hack into coinbase custody, which is what they use and curve Then I don't think you're going to really target my account of 13,000 if you can hack coinbase You'll probably get a lot more So having said that this is what I have right now Bitcoin ethereum Allocation is 43 ethereum 40 bitcoin. You may say, you know what rob? That's dumb I want to put it all in solana or sushi or tazos or uniswap or a golden So I don't know what you're gonna do but for me it just like that's kind of like the The safest play I can do and then I've also got polkadot. I got gold and silver stellar I don't know why the hell I have that but okay, and I got a dollar I have 42 cents in the u.s. Dollar So How I determine is just for me is just safety when I turn 59 and a half years old What do I think still going to be around probably bitcoin? And uh, that's how I see it So that answers that first question a little bit long growing out on whatever and then here The next one uh morrigan says hey robby one my favorite Our few daily must-watch videos youtube. Thanks. However, I'm really able to make the live streams bummer. My question is how do you buy forward slash what's the best way to buy some of the lower cap altcoins like cornucopia's which is a played our own game on Cardano chain guardians Which also created The cryptoverse theta etc that you discuss your show it'd be awesome if you could answer that as part of the five questions Sure, so if you're looking for any project doesn't matter the easiest place to do it is just go to coin gecko Uh-huh, so let's let's start with I think she said theta Beta network is rank number 38 And all you could do is just scroll down here Ah, and it says uh, can you see yeah theta network markets And uh underneath here you can just find where it all is so These first two are I think they're no they're no you can find it on crypto.com Hit btc did finance finance hit btc if you show all trading pairs Then that's where you can find theta. It's f and everywhere right gate io bitfinex zb Me it's any place. Jeez. How many christmas? It's everywhere was x in india great So if you're looking for those things well, that's where it is. How about chain guardians? Uh-huh, that's a good question For so chain guardians like that's let's rank 853 a little bit farther down than theta How many is going to be that many options? No, it's not so I don't know what who.com is and one thing I want to look at Is the volume like look at this volume on who.com 46 000 dollars I wouldn't trust that too much gate io is only and that's the top one 213 000 That's 40 percent. Oh my god Lotoken, I don't know what that is and then this is what I would look to for the dexes Uniswap or quick swap Look towards that. There's not many there's not much volume. So you're gonna pay a premium But if it goes up it goes up But that's investment opinion not investment advice. So that's where you can find All the different ones that you're looking for hopefully answer your question now. Let's go to five questions five minutes all right Wow, good question. Rob, whatever I'm the transgender. I have no idea. I think uh, alex got into uh, nascar racing or something and those guys That's it So that's your answer, you know, I don't have to do any videos at all anymore But you know, I have noticed one thing This happened in 2018 The youtubers that I used to follow in 2017. They're all gone. They're not they didn't stick around. They're like, this is boring And that was it and then uh, and I think like at some point some people either they get burned out Or they find it's uh, not entertaining as much or they just find other Things to do and they just fade away. So right now I think I still love to talk about it. So I'll be here for the long haul. That's what's going on And sell seems better fiat on ramps. That's true It's not that that's just my eye trust one Uh, let's see question number two rob any put on bit gert Brice mentioned I have no idea what that is So I can't tell you. Uh, this is interesting Can you do a segment about hawaii come zoom temporary authorization to do crypto will expire? Hmm And it will become illegal here a couple bills to prevent it But we got dinosaurs running things. Yeah as as we get closer. I definitely will so there's your answer Question number three when I trust taking whenever they stop dragging their feet I don't know. I've been uh, I've been hearing for that for a while So what was great about everything that's in my portfolio and I trust for the Roth IRA? Imagine how cool it would be to put that Avalanche that I have there or the polka dot and the ethereum and stake it within my I trust IRA account Have the actual asset appreciate plus get rewards for the staking and get no capital gains tax How great would that be? It would be great if they open it up and do it But I guess the technicals are a little bit difficult I was under the impression to be q2 this year, but I could be wrong So I'll let you know what happens. Trust me. I'll let you know Ah, let's see Fed is proof the Fed is proof of confusion Sniff Thank you sniff appreciate the jokes Guy at coinbase just mentioned you and how great your content is Like guy at coin bureau, maybe Because I don't think I don't think anybody coinbase likes me. I can guarantee you that No guy in chat keeps spamming coinbase compliment. Just mention you again. Okay, great. That makes more sense I'll say because coinbase doesn't I've been Railing on them forever for all the shutdowns and stuff Uh question number four Uh, is algal ready for a pump and return to all-time high? Algo is a great project the problem is their tokenomics suck. They got it too many locked up and too many Small-time groups of people and that's what only concerns me outside of that once they start selling I think we should be okay just right now Not the greatest Uh, please comment and slant on a year. Sure. We'll see how it goes Uh, this is a good one and question number five does your tax service report staking rewards and yield and yes, you can do that and the uh What are talking about is crypto trader tax? There's a 20 off link in the description Taxes are coming up might want to check that out. Also. I don't know if you guys knew this but you can sign up for crypto trader.tax for free And they can track all your all your trades and everything else and tell you what your Uh capital gains taxes are How much your appreciation how much the the revenue that you are actually how much your gains and losses are And it does it all automatically because they have an api integration. It's pretty cool And it's free So that part's free But if you want to run on like a report to send over to your cpa that costs a little bit of money But I think it's like 45 bucks for the report but you get 20 off for the thing. So yeah So answer your question If I would just stop shilling it so hard Does your tax service report staking rewards and yield? Yes And there's a little section for there and you get to decide if you want to report that or not me personally I don't think that's right. I don't think that that the staking rewards that I got from cardano Are taxable because I haven't cashed those out. Those are unrealized gains And there's a court case going on right now with tezos and of course Hopefully it sets president even though they offered them a settlement. So I personally will not be doing that But that is my decision should not Reflect of what you are going to do on your taxes. So that's it. So look, that's it for today. So 35 minutes. That's way too long. Thanks so much for stopping by appreciate it I really do give a thumbs up if you liked it thumbs down if you didn't you tell me why maybe I can fix it and then Just consider subscribing. So that's it for today. Thanks so much. I appreciate it. See you on the next one