 Great everybody welcome digital asset news top stories in crypto break down a bite-sized pieces So today just as the thumbnail and the title suggests There's an algorithm that is consistently being the market and it's picking Bitcoin as thirds We're gonna take a look at what is the story behind this algorithm and what's actually coming in first second fourth fifth and sixth place And actually I find it kind of surprising Before we do that we're gonna take a look at a little on-chain analysis and I gotta tell you It's keeping me a little bit bullish because lately I've been kind of a wet blanket Also, like I said take a look at that algorithm and then we're gonna take a little story Somebody did yesterday. I tried to pay my taxes with the Voyager debit card tell you how that went and How Ted Cruz is trying to help me out and then also we'll take a look at a good story US Secret Service Finally puts a Bitcoin myth to rest and it's gonna help us in the long run as far as with regulation The very end will do five questions five minutes to hold the questions So the very end sure you're gonna have a lot and let's get into it first up if you're here for the live stream Welcome, thanks for stopping by appreciate it if you're here for the replay Just knows me time stands below so you can skip around to whatever you want to do But let's take a look at what's going on in our market. I gotta tell you lately I've been kind of negative if you haven't catch my vibe and it's just it is what it is. I just take a look at the data. I'm not Super emotional over it. You just take a look at what's going on in the world macro you take a look at on chain analysis even take a look a little TA stuff and I can just kind of say that no one knows where anything's going and no one's got a crystal ball because it's just how it is however Sometimes it's just a good idea just to sit and do nothing and just wait for things to happen And sometimes it's actually works out pretty well. So like today. It's a good day near protocol And I got to tell you near protocol It was looking pretty good, especially with that m2e or move to earn play that they're doing We'll cover that in another video, but things are looking up in the market So I feel pretty good and then you got to ask yourself Because we always talk about correlations. How's S&P 500 and NASDAQ doing well surprise? It's doing pretty good today You got it's up 1.26 percent, which I guess in traditional world is like a big deal We call that a Tuesday afternoon not a big deal, but over five days And actually yesterday it was down a little bit which kind of broke apart my whole thesis Which was you know, we are in lockstep with a lot of these different traditional finance and NASDAQ as well as taking off Again like yesterday it wasn't doing so hot over five days. It actually went down and we went well I think we went a little sideways. So I guess it's not a stretch of the imagination So that's what we have as far as the market. Everybody's happy great stuff So let's take a look at a little quick on chain analysis And this is one of the things that's actually been keeping me a little more on the bullish side than than anything else So we take a look here. It's a great website. Love it crypto-quant makes it easy for Ignorant misses like myself where I'm just trying to get the best data very simply and Of course, my our outflows looking fine. This is the same thing that everybody talks about Bitcoin reserves and how things are outflowing and it's looking still pretty good Bitcoin tends to still get taken off the exchange. Everything's great Ethereum also is going off rapidly. I try to do a transaction yesterday Almost cost me 47 bucks in gas fee. So why is Ethereum being taken off? It's because the gas fee is so damn high Take it by the line. That's sure and then this another one of my favorite ones the estimated leverage ratio which I've been complaining about for quite some time but As we go up anything above zero point two is it's considered extremely high and we can just zoom in a little bit We can see that. Yeah We've been high for quite some time and then here just zero point two four I'm so I can't wait till we get to zero point three, but something happened yesterday We took a little bit of a of a downturn. What happened. Well, people got liquidated. That's what happens And I think it was it was a funny situation. I mean not funny if you have liquidated. Sorry I look I have no problems anybody doing leverage leverage trades, but this is the data that we have and you can take a look in the long run it seems like I mean shorts You can kind of take a look at it just a general opinion, but Longs have been getting crushed. Especially gosh right here long got crushed for four or five million half a billion here Almost half a billion here and then look at this day. This was 17th of April, which was Sunday. It was almost a 50-50 split 157 million in longs got taken out as well as a hundred and twenty two million short So that's a little bit of exuberance on the leverage plays and it is what it is then today Of course, we had a nice little run. So then the shorts get taken out now How does this work out for as far as making money? I don't care really how people do it It's just it just adds to a little bit more volatility of the market and when things start to sway either way It starts to accelerate things. So hopefully I hate to say this But I have to hopefully the price goes up a heck of a lot more and we have more of a squeeze in the shorts But we'll see how that works out and then also Somebody in the comments section yesterday said that 90% of people are are in the red For crypto and I was like, oh, it's true. So there's a great website in the block calm I just there's a link in the description not an affiliate link do whatever you want, but um, If you take a look here, I like to see these these very simple ones and when you log in and just click on Bitcoin, you can see it's very simple Holders making money a current price at the current price right now as we talked today 64% are in the money as far as Bitcoin goes now as far as the total market I mean, there's a wide swath of variance, but usually everything falls along with Bitcoin So if you put a ton of money in the sheba, you knew at some point, sorry, or you put a ton of money Into I don't know dash and it just is what it is But right now if we take a look at in and out And I and I personally think People should have a lot of or sort of have some Bitcoin that portfolio not investment advice It's just what I tell my friends and family And then we can take a look here holders composition by time held, you know 58% Of people for all the Bitcoin that's held is one year plus. It's a lot I mean, how often you see that with the other altcoins Not a ton of them one to 12 months 34% and less than a month is only 7% then also this is a big thing That I don't think anybody really talks about too much Because when I talk about outflow which I do a lot and I have screwed this up in the past We should really be be talking about net Which is the inflows into the exchanges and the outflows from the exchanges and if you take a look In the last seven days, we've had inflows of 5.02 billion And outflows of 5.5 you always want to see more outflows Because that means that people are holding on to it putting into cold storage But it is a good metric to really pay attention to because then you can say, okay Now I feel that we're going more towards a bullish sentiment You can do things accordingly which leads me to my last two points Which is this and all the things that are going on What would wallet number three do which I think I think ben would probably cover this today over on into the cryptiverse And uh wallet number three bought a thousand bitcoin yesterday Just a thousand it's like 40 million so good for that person Gentleman lady Nancy Pelosi who I don't know who it is A thousand bitcoin nothing to sneeze at for april 15 500 april 14 500 and the next question is What would docuans lfg wallet do in this situation and they didn't do squat so Hey, you got one win and uh, let's see the last This is uh luna founder docuans lfg or the The organization luna is their bitcoin wallet the last time they bought a a massive amount was April 15th, so what four days ago not too bad, but just remember this They still have one point almost one point eight billion dollars worth of bitcoin. That's a lot So good for them. So that's what that's the on-chain analysis. That's what we have right there. Let's take a look At this top story or one of the stories this algorithm and um I'm not sure maybe maybe the way that I presented this in the title in the thumbnail. Maybe people are thinking i'm going to uh, Shill some type of uh bot but not it's this this is from uh real vision so Algorithm known for outperforming crypto markets favors ethereum terra solana and one altcoin. Ah cliffhanger So this what we got Every week the real vision bot conduct surveys of crypto related data In order to create an algorithmic portfolio assessment consistent with the consensus of the hive mind So they don't really do it's not a t8 type of thing. They just I guess they just do surveys And I guess this is kind of like hive mind or wisdom of the crowd type of thing They they pull people a lot of different people a lot of different traders and say what's your top hold Or what do you think things are going and we just aggregate that data? This is what we get The bot has had an astonishing record as it outperforms the aggregated bucket of the top 20 crypto assets by more than 20 simple by taking surveys Uh, and this is what real vision announced. They said hey the number one is terra luna Reclaim the top spot of most heavily weighted digital assets And right behind it As ethereum and it's almost it's all it's so super close either one or two could be interchangeable So that will be luna and ethereum It says here tied for fourth place. Yeah type of fourth place at a 60 allocation is solana And then call comes mattock and mad I got to tell you I hope mattock comes in in a heavy way because that would really help with an ethereum Gas fees layer two solution really go a long way, especially just for me And I just talk about it because I'm selfish and I'm also biased because they also own everything we just talked about So here's what we have as far as the key and where things are going and where they believe it So if you can see right here, let me pull this up terra is number one Roughly 70 percent ethereum number two bitcoin just behind number three, then you got solana Polygon and look at this avalanche. It's interesting cosmos cosmos Is one of the ones i've been dollar-cost avalanche for over a well a couple months now And I just it's a it's a it's a multi-chain asset I believe cryptid.com or crow coin or whatever it is is built on on that as well as luna Correct me or among the comments section, but cosmos is one of those That what could be a big powerhouse then you got polka dot phantom The usdc coin. All right stellar sure. How the heck does stellar beat finance coin? Someone who explained that me that in the comment section makes no sense to me axi infinity sure quants algorand. Okay ftx token sure xrp Congratulations all xrp holders you guys and gals are amazing to hold it all the way through the sec thumping you left and right and that's uh In that awful litigation, hopefully you'll win I think you'll win but we'll see Decentraland chain link and thord chain. So that's rounding out the top ones and right behind that Cardano like on uniswap theta. So that's Just what the data shows. I can't tell you anything more That's just what we have. Let me know what you think about in the comment section is that a pretty well-weighted ratio or do you think that's got it's just totally wrong and Let me know and we'll go to the next piece which is I try to pay my taxes my voyeur debit card. So This is the whole story and it's not even that that dramatic. So everybody's been asking me For quite some time because I have the I have a sheet of paper here somewhere Rob, I've used your voyeur debit card get into it get into it get into it And it's like I'm always like procrastinating to do these do certain things Except pay the irs. I've been paying the irs now for about a month or so Intermittent leaks where I don't tax it, but there's like the last piece. I'm like, you know what I'm gonna pay the last piece Of the tax that I owe to the irs and people ask me will don't you live in Puerto Rico and don't you have zero taxes? You still got to pay some taxes four percent corporate tax. There is no zero capital gains But remember I moved there in April. There are some things that are retro and some things that are not it's very tricky when you have Assets here as far as real estate and companies and then you go over to Puerto Rico, you can't just move the real estate with you to Puerto Rico. It's kind of tricky That's why you get a good cpa or cpa is in this situation So what I did was I go, you know what? I got this debit card I'm gonna try to see if I can do it just did not just did not go through And I thought well, maybe it's something I did wrong and I reached and then I was uh I put this post and then immediately like I think like 20 minutes. I had steve or The CEO he messaged me. He goes Hey, you know you He goes we're gonna Put this in the next evolution of the debit card and how we're gonna have like a ch and things go a little bit more smoother And I said, yeah steve I go, but I think the problem was I paid over 30 000 With the debit card. So probably that's up to me. Probably shouldn't have tried to use the very first transaction of uh, you know Five figures plus and that was just on me and then so that was that that was that part and it's like right before I I said that Right after Right before I said that this was from Ted Cruz. I got to tell you Ted Cruz senator for Texas He's a huge advocate for for bitcoin Which I can understand because I mean he's more of like a libertarian type of guy Then he puts this puts this out abolished the IRS and I was like Maybe that'll gain some traction. I have no idea I will say this though If you haven't filed your taxes yet. Well yesterday was a day for united states But uh, you can still sign up for crypto trader dot tax links in the description. So good luck with that But uh, just as a follow-up I did use my debit card last night at subway as I ate some pretty bad food And worked well without a hitch and to answer your question No, there is no capital gains because you're just using usdc And I will say what was cool about that is that I was able to just transfer Like any kind of sales that I have for crypto right into usdc and it was able to be used automatically and also you get 9% Yield for usdc. So I'm something to look at anyhow. Let me show you the thing about that and then let's go to our last piece Secret service puts a bitcoin myth to rest. I love this. I love this stuff This part right here There was a video From squawk box. I think it was CNBC TV and I had no idea that this was actually going on. Uh, this was The secret service the organization the people that Arm of the government that protects the uh, us president I guess they have nothing else to do So uh, us secret services crack down on crypto and when I first saw this I'm like great another hit piece on crypto But not so so I'm gonna have you listen this It's a minute long and I'm glad that they actually put this out on CNBC And I think a lot of people should be talking a little more on this. Let me stop it real quick Let me share the tab So you can actually hear it And let me mute myself. So about a minute long check this out. This is actually pretty good We're inside a rarely seen secure room in washington. What is this facility? We're standing Right now we're standing at us secret service headquarters within the gyat Which is the global investigative operations center, which is our hub for our most complex and impactful international cases No longer just capturing counterfeit money rings The secret service is also tracking illicit bitcoin proceeds on the blockchain Which is the public ledger for all crypto transactions The secret service is now the primary agency investigating the illicit use of digital assets David smith is assistant director of the office of investigation One of the guiding principles of the blockchain is that it was a public ledger That's shared and everyone with a little bit of computing power has access to it to include law enforcement So the secret service isn't doing anything that wasn't the original intent of the blockchain We're just using the same tracking and tracing mechanisms that were intended So would you say that crypto is actually more traceable than good old-fashioned cash for a criminal in many ways it is In many ways it is So you got to love that piece because it makes a lot of sense So all the different things that we're talking about jennet yelan illicit activities and so on and so forth If I worked for the cartel and I don't anymore, I don't work for the cartel But uh, if I did I wouldn't use Cash because that would be dumb. I mean, excuse me I would use cash because it's the easiest way to get around things Let me just think about it cash is people say cash is trash cash is king If you want to not have people follow your transaction So when there's this argument jennet yelan all this illicit activity if you're a terrorist organization matthioso Cartel, I think the money laundering I think the dumbest place you could actually do that is on is on an actual Open ledger and in all honesty, I just don't see why anybody would do that And there was actually a report. This just uh was a couple years ago This was from it was a report that was commissioned by a couple different organizations And one of the people that led it Was michael moral senior counselor beacon global strategies. He was the former acting director deputy director and director Of the cia And this is what his whole conclusion was it just comes down to this to me It just comes out of this nice little paragraph, which is this The blockchain ledger on which book bitcoin transactions are recorded is an underutilized Forensic tool that can be used more widely by law enforcement and the intelligence community to identify and disrupt illicit activities But simply blockchain analysis highly effective crime fighting and intelligence gathering tool So that's it in a nutshell and I couldn't agree more So now as time goes on and we're trying to get more regulation. Hopefully positive regulation Life's organizations come in, you know, and when they have these senate committees or hearings They can bring the gentleman that was just talking there maybe mike moral and go Hey, is this really for illicit activities? They can do that Would actually be a very bad idea and we can track it and here's how That's it for today. So look Uh, if whatever you want to throw in there for the comment section go right ahead Now we're going to burn into the five questions five minutes if you got to take off. That's okay Uh hit the like button subscribe all that good stuff now. Let's get into Five questions in five minutes and get the heck out of here a lot of things going on today. So Let me stop this banner scrolling around This is funny Crews a broken clock is right twice a day. Hey He's being on bitcoin. Hopefully that could bring in some more Some more positive regulation as he knows a bit more than what you got Yeah, as far as the volume that says hi as it goes. Sorry So i'll just tell you what they said if anybody couldn't hear it the question was is is blockchain or is Is using blockchain better than than cash as far as traceability And they said uh as far as as opposed to cash blockchain is essentially a little bit more traceable or a lot more traceable than cash It makes our job easier. That's what the head of that secret service agency talked about Okay Your taxes sound as bad as mine. It was it's pretty bad Ah question number one Solomon the hodler Love your content Robin. Bitcoin goes to one or 12 million by 2030. Who knows? You think people would be ready to buy the bitcoin at said price expect me to go higher I think hopefully at that point people will understand that they don't have to pay 1 million dollars to get one bitcoin and here's a Here's an exercise for everybody out there if you're around And you're just talking to random people and they even ask you about bitcoin make sure you ask them this question Did you know that you can buy bitcoin? You don't have to buy a full bitcoin You can buy a fraction of a bitcoin And you don't have to pay 44,000 or 41 thousand dollars. You'd be surprised how many people don't know that Uh, I was talking last weekend to a couple people a couple of uh friends of friends Like really I can do that. I thought I had to pay 40 grand for that. Nope. Don't have to so do I think people will buy it? Yeah, because guess what in 2030 There's going to be I don't know if youtube will be around. I have no idea. Whatever else that elan must creates Uh, there will still be people talking about how bitcoin is the future and it's going to go to 30 million That's how I I see it to be so answer your question. Yes Rob any loquat any locations? Controversy would you recommend for crypto other than portorico that you've considered? so portugal there's another other pretty good one and I will say this if you live in like in the united states if you live in california Uh, those are one of the states you probably want to get out of because now if you have to pay governmental Capital gains tax you also have to pay state capital gains tax. I'm pretty sure it's it's around 9 7 to 9 percent pretty high. So just take a look at that. Also, there's uh Watch the nomad capitalist. That's where I learned a lot of things about where to go and then uh, also, there's one called Was it plan b or plan c8? I know plan Plan b was the one with the stock to flow ratio, but there's another organization that helps you Get dual citizenship. So you don't have to pay so much, but that's another other thing that's uh, You can look at Can't trace cash. That's right question number three, which is any theories on why cardano is not offered on gemini exchange It's a very funny thing. I mean you would think like a top 10 crypto would be offered on gemini which is uh pretty compliance New york-based exchange It uh, it baffles me. It also baffled me when coinbase didn't offer it and they just offered it not too long ago. So, yeah I Rob, when will xrp become a legitimate stablecoin when everything else collapses stablecoin? That's good I used to say that xrp was pegged to the quarter because that's it was like that forever Chris is actually one of the few higher super high iq government people. I personally think he's a bit too shifty That's my opinion. He's a politician. That's what they're supposed to do. Let's see. I get one more Ah What cold storage can I use to store my salon? I love your channel issues by I believe Correct me. I'm wrong. Isn't treasure one that you can actually put it in a saloon I know for me if you want to store it assembly itself off an exchange It's a hot wallet, but I use phantom personally And you can go from there. Uh, correct me if i'm wrong in the comment section there. Let's see Thailand, I don't know about Thailand, but I can tell you that it's very It's it's much less expensive to live in Thailand than it is in Puerto Rico No, this is a great question You see any pattern number of views on your video and the price of bitcoin big time So when we go into like a more of a Bull run even like parabolic The views in this channel will go way up because people are like, what is this what's going on? Also, what's great about that is that you know, I got this 100 free website Which I do all the things that I've figured out in these four years and I put it all on this website and That helps out a lot because people go I want to learn about that and they go there So as the price goes down and we go and people get more more bearish the views go down. It's just natural progression That's how it goes When people have more exuberance, you know, that's when they watch more which is In reality if I wanted more views, I would be I would just lie to you guys Honestly, and I'm just say everything's gonna be great and it's awesome The tomorrow is going to a million and the clicks, but I just don't see it like that I see there's a natural progression. There's a natural shift in the market and These are just my my views and thoughts and I know that like when I put some some negative things up I'm like, well, that's not gonna get that many views, but it doesn't really matter because we're here for the long haul Right and then you who are here You're probably like I mean if you're here right now Good chance are gonna be here in two three five ten years. So You're my core audience not the people that are just like bouncing all around and Don't really understand the concept of just Long-term hopefully generational wealth. Oh well Oh, yeah, I forgot to mention this. What are your thoughts on Australian spot ETF news? So I just Just I I just read that I was gonna add that in but I'm like, ah, we'll talk about that today My thoughts are this Canada can do a spot ETF Australia can do a spot ETF different parts of the world to do a spot ETF, but not America And for whatever reason gary genzler is just like no, no, no, there's there's too much manipulation There's manipulation everywhere gary and you can't protect everybody Because they don't need your protection And in all honesty a spot ETF. Do you see the manipulation that that's going on anyhow? Just take a look at the wyckoff method. So I don't want to I mean I understand The concerns and I get that we have to have regulation but in all honesty I think we would be okay with a spot ETF moving forward. It's amazing to me We can't get it. We can get a futures ETF We can move forward like that for a spot ETF No, and of course yield programs like with Celsius, of course, you got to shut that off because you know We don't care if you go to the casinos and gamble your life away But you are not going to put it into more technology to actually give you better yield than the bank down the street My thoughts are this I think we should have one I would like to understand where the thinking is and where we can say, okay Well, if you think is there's not enough protection too much manipulation What do you want us to do? Just just just tell us and we'll work it around anyhow and Thanks Okay Christian says Rob used to hold a term why yeah, of course they hold data Uh, but I remember for the house in Puerto Rico I saw I saw a lot of different crypto and not all of it, but at some point you have to I know people will say Why don't you just take loans against everything? I'll tell you why you don't take loans against everything because the market dips and drops down I hate having to say this every single time because I always get that that same that same comment Just take a loan. Just take a loan. Just take a loan If you take a loan against your crypto, you got better make sure that you have pretty high collateralization And if there's a big drop-off you better make sure that you have a lot of collateral In the background It's okay for bitcoin miners to take loans because guess what all they have to do Just fire up the rigs and start getting more bitcoin because it's a proof of work system, right? They go. Hey the loan is coming due because there's a margin call. Oh, no big deal I've got a lot more bitcoin i'm creating if you're not one of those people And you don't and you don't and you didn't take that loan and buy something goofy like a lambo or something And it's actually something that actually works for you and produces yield and produces funds Not so bad. But if not, you better make sure you got a lot of collateral on the on the on the sidelines So to answer your questions. Yes, I do hold data. I did so I did sell Ada and luna and bitcoin and ethereum. I also took a loan against ethereum and a loan against bitcoin For the home and one of the houses in portorico, but it's okay Because that house actually gains yield because there's an airbnb Working out so so well so far and that's all we got. I'm gonna leave it there. We're at 30 minutes. So look If you like today's show give it a thumbs up also consider subscribing all things we talk about our time sensitive And that's it for today. So thank you so much for stopping by. I do appreciate it and I'll see you guys on the next one. Adios