 One visual asset news. My name is Rob and check out this story. This is what we're talking about today I find quite interesting and of course the thumbnail and title suggests that was all about the CIA and they called it I'm gonna tell you why so this is what we've got the IRS Sees crypto companies as potential crime fighting partners. What does that make any sense? But it does and actually it comes down to analysis of Bitcoin, which was done two years ago From Michael Morrill senior counselor, Beacon Global Strategies, former acting director Director, deputy director and director of intelligence at the CIA and we'll go down a second. This is what we have from the current administration. So The IRS criminal investigation division is bringing in hundreds of new agents a year. Great Including many who will be directed to work on digital assets and cyber crime. This is Thomas Federuso special agent in charge of IRS CI's New York field office This is a story from the Wall Street Journal may ask a couple questions Which is how do you view digital assets in your respective organization? Are you willing to work with these companies? And he says, yeah, we can't be hostile with the tech we have to embrace it It's amazing how things change in such a short amount of time Crypto's here to stay as far as I'm concerned isn't going anywhere anytime soon It's becoming more legitimate as the years roll on it becomes more sophisticated And that's true. I think we're in the right place the right time bear markets in my opinion This is the time when I'm going to heavily invest But of course the naysayers and people out there will say it's gonna go away Look, there's people high up in government the IRS. I mean heck We even had Larry Fink the CEO of BlackRock say the future is tokenization of assets So I'm like, I I just don't see if you can say it's gonna go away. I think it's gonna be bigger later Wall Street Journal asks him this digital asset space has some areas that are highly technical Do you have the talent that you need? He says we've been very fortunate Especially in the last couple of years. We're on a hiring push right now So we're hiring several hundred agents a year and sending them to the academy a lot of them have a technical background They're younger they grew up in the tech world more so than me for example Who didn't grow up in that world and basically this is pretty much what it is They're saying like look, this is going to help us fight crime throughout a lot of different sectors In the world and this was actually an analysis that was put forth by Michael Morrill. This was Something I remember from years ago Analysis of bitcoins use and illicit finance. This is on April 6th, 2021 So okay, it's like a year and a half or something like that. Maybe not too, but this was the conclusion I'll skip all the rest of this stuff. You can read it. I linked in the description But he said this Excuse me Based on our research and discussions with industry experts I have confidence in two conclusions one the broad generalizations about the use of Bitcoin and illicit finance are significantly overstated and two The blockchain ledger on which 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 put simply blockchain analysis is a highly effective crime fighting and intelligence gathering tool. So From now on when you hear this thing about illicit activities and drug runners and Terrorism and everything else that's out there in the dark web. Just remind people Well, that's kind of funny because the next director of the CIA said it's gonna be used to fight crime And now we have the IRS saying the exact same thing what they're gonna do. So that to me is a step in the right direction Let me know what you Think about that in the comments and then real quick. This is gonna be sweet and simple. I Like Tim Draper. I find him highly entertaining. He's a billionaire is that had some pretty good investments throughout the way as an angel investor done some pretty good things. I mean, I think Uber and Lyft and I think Facebook and who knows what else he's got into and crypto Obviously early, but he says that Bitcoin will sort of two hundred fifty thousand dollars in 2023 He said it was gonna happen at the end of 2022 and that didn't happen. He was always push it out six months so the reason that he gives is He says my assumption is that since women control 80% of retail spending and Only one in seven Bitcoin wallets are currently held by women that the dam is about to break Draper told the news outlet I suspect that the happening in 2024 we'll have a positive run That's it. That's the story. So look, I don't know about you, but I control my own finances I mean, I have a joint account my wife. I have separate account for businesses and things like that I mean, whatever. I don't think because There's women that hold the purse strings that we're gonna get $250,000. It could I could be wrong I'm 99% sure I'm right on this one. I could be wrong But I just want to bring it to everybody's attention because I think Some people will look at this and go and I'm not kidding I used to cover stories like this when I first started YouTube or when I first got into crypto and YouTube and I was like Oh, this makes sense. Maybe it could actually happen And no one would really tell me like the reality of the situation Which this is highly unlikely to actually happen if it does fantastic Hope for the best prepare for the worst. I see the short term. We're gonna go through a little bit of pain I think in 2024 5 6 maybe we're gonna see some some more gains to be had. I don't see Bitcoin going up What 6x 7x In 11 months, but I could be wrong and that's what we got and again This is Tim Draper great guy entertaining just don't see him as being right and then lastly Just so you know, Sam Bakeman free was in court today and he played guilty just kidding he played not guilty and He said I am not guilty and Apparently his trial has been set for October 8th or 9th 2023. So let me just quick math here It's like 10 months So that's like 10 months. This guy's gonna be out on bail do whatever he wants to I mean sounds like a pretty good life and Of course, that means that if you dealt with FTX and got into that situation Don't expect anything anytime anything anytime soon I find this very peculiar because two of his Employees Caroline have got a last name from Alameda research and other gentlemen. It was one of the top persons at Alameda or FTX they've already pled guilty and Everybody's expecting Sam to cop a deal and he didn't so I don't know. I'm not a lawyer. Obviously or a financial advisor but I got to tell you if I own a company and Two of the people who are on the upper echelon of management and they're like, yeah, we committed fraud Yes, we committed fraud and I'm like, I didn't commit fraud those guys did very difficult to prove again, maybe he has the Johnny Cochran of Lawyers to help him get out. I just don't see it happening But that's all we have for right now and then lastly lastly Thursday is gonna be a pretty big day I've got me guy McCoym Bureau and Ben from in the Cryptiverse. We started the NFA live show. It'll be at 9 a.m. Eastern time on Thursday Yeah, I'm a Eastern time Thursday. So that's a eight Central seven mountain six Pacific and I don't even know what that is in the other time zone So I know so that'll be good times like to see what those guys have to say and then also on Thursday I'm gonna have Jerry Hall Friend of the show and crypto CTO will be on this guy knows everything about cosmos I'm really looking forward to this one, too. And then also on Thursday. I will be having Chad Chad Everett He is the vice president of riot blockchain And he's gonna join me and we're gonna talk what the heck is going on with Bitcoin mining operations and just the break-even points It's only that so if you had a question for James Ben crypto CTO or or a chat Drop them in the Comments below or we'll do a little Q&A right now and we'll get into it So that is it for today and the stories. So if you like today's video thumbs up like it subscribe I don't know if YouTube's gonna notify you. Good luck with that But we do this every day so come and check it out But that's it if one take off you've been here for eight minutes now. Let's do a little Q&A We'll go in deep and that's it. Thanks so much. So Bicky