 Welcome to Jalassette News to get top stories in crypto currency and Jalassette's and break them down into bite-sized pieces. Today we've got some great stuff. First up crypto long and short there's going to be four metrics that show how this bitcoin rally is different from 2017. We're going to take a look at some great data points but I can tell you right now the more things change the more they stay the same. Also massive run-up price in ethereum and the reason could be that the ethereum 2.0 deposits have hit 60% as the launch date looms which is December 1st. However it looks like there's still going to be a delay. What this is going to mean for the ethereum price today and moving on into the future. So we'll go over both those points but first take a look let's go on the market. So today it is the 23rd of November looks like we're almost at Thanksgiving for all of the US residents and this is my favorite holiday because I get to eat like a pig I don't really care so it should be a good time but before we get into that stuff let's take a look at the price action. So today bitcoin up again 0.6% I mean not really up I mean we actually had been around 18.6 18.7 over the last you know two or three days so it is up a little bit but it's a little bit deceiving. However it's almost a 15% for a seven day average and things are looking pretty darn good so great job for all you bitcoin and ethereum holders because ethereum went up on a tear today so it's almost 12% 32% for seven days and almost about to breach 600 and me and a couple of my friends have been texting back and forth and we had talked about wow bitcoin or ethereum might actually go above 500 wow I'm almost get might hit 550 I woke the day I'm like wow we're almost at 600 so I mean how high could this go well we're going to talk about that in the second article XRP yeah XRP tether is tether and it's got a market cap of 18 billion and then XRP I saw I'm sorry I hate I so I'm not that like doing this because I know the XRP army always listen to my videos they're like why do you skip over XRP and XRP look XRP is on a magnificent tear I mean I'm not gonna take anything away from it I'm actually very happy I mean everybody that has invested in XRP this is a great day for you guys and gals because you know you take a lot of flak so congratulations this is a pretty good day I personally will not sell until I hit my my points and it is it is way far away and the reason why I don't is because I'm super stubborn and I don't really care that's what it comes down to so XRP congratulations 22 percent for 24 hours and 100 percent look at that 100 percent for a week and they've reached the 50 cent mark so congratulations all you XRP holders including myself chain link 22 percent for the week 3.9 $14 almost 15 we're gonna get up to I think our all-time high of around 18 1850 for chain link and it's gonna be a great day I think it's gonna go up to in 2021 if I didn't make a guess I'd put it over 50 that's not financial advice I just kind of see where it's going I mean look there's other different oracles out there but chain link is one of the first it's got a lot of different people that they know again it's not what you know it's who you know and chain link has been making a lot of inroads into that so we'll see how it goes litecoin massive tear I mean look everything's not massive tear cardano finally above a dime it's at 15 cents at 15 51 percent for the week these are all seven-day average which just outstanding stellar 40 percent I still have to still but it's still at 11 cents so what are you gonna do 20 percent 33 percent look everything's up I'm not gonna dwell on this but if you had just had some strong hands you're having a pretty great week let's be honest and if you haven't well it's just like one of those things that you should remember that it's best a lot of times just to have strong hands and don't listen to the naysayers and just hold usually not usually but sometimes things work out that's all I'll say so it is a great great day great week and I think 2021 we're up for massive fireworks but I could be wrong let's bring in today's top stories so first up this is a great article this is written by who wrote this gallon more who's gallon more gallon more looks like a red sox fan he's also a senior research analyst at coin desk focus on developing metrics analysis for crypto asset investors he holds bitcoin ether ether so I got a false guy's writes a good article so it is an opinion piece but he lays it all out pretty slick with a lot of different data points and you can tell a lot of work went into this so galen thanks a lot what this all is is it really comes out of this this bull run which is happening right now in the next year is a little bit different than the 2017 and I agree and I don't agree like I said the more things change the more they stay the same they are there are still fundamentals that we should all adhere to one of those is not dumping everything going on it's different to go to the moon all the way up well we saw that on sunday which we did a video I talked about I go look bitcoin was at 186 when I woke up at because I usually got like 435 it was around 177 and it was a great opportunity to buy if I were to phone what in everything I would miss that opportunity to pick up some cheap bitcoin also some cheap ults so these are one of the things that we talk about but galen is right this is a different one and we're gonna lay it out in four points what those four points are our bitcoin whales and trading versus holding bitcoin versus ether regular versus offshore and north america versus east asia what am I talking about I'll tell you right now so bitcoin whales and trading versus holding there's two different graphs here and I'm it's interesting but it's not interesting uh because you have to take this with a grain of salt really is what it's talked about here because these are just addresses and it looks at how this blue line is let me let me blow it up this blue line here this is all the different bitcoin addresses that have more than more than than one bitcoin and you can see right here where it just massively jumped up during that 2017 crazy bull run and it was it was a lot of them however even though it went down even though it went down here and it went to the ground there still was a lot of addresses that were slowly accumulating and keeping up with that one bitcoin until until we're here we are today look at this massive spike but there is no massive spike in the actual addresses because people are starting to just get it that hey this is digital gold this is a great thing this is going to be this is going to change the world or bitcoin is digital gold it's scarce or really it's finite only 21 million and essentially it's insurance against this crazy market this quantitative easing unlike gold I can send it to anyone anywhere in the world within minutes for next to nothing it's the best performing asset class ever it's beaten gold oil stocks everything ever used with a nickel and now it's worth 18500 and it's why I'm heavily invested into it so I think people are just getting and understanding exactly what we're talking about here and they want to be a part of that so it's interesting but again it's just a little piece here and then there's another nice little whale graph here address is holding at least a thousand bitcoin see there was a huge run up here from 1213 14 and then just kind of leveled off a little bit and then all of a sudden these a thousand bitcoin addresses let me blow it up it went down when there was a huge spike because the smart money says I'm out of here and they just dumped bitcoin but now it looks what happens it's we're still having the same type of thing same thing and here we are to me I still look at this and I'm like I'm kind of worried about a dump at some point because you look at these points you're like okay here and then here and it's still going up and then of course this is going up so what happens at 50 000 there's gonna be another dump only time will tell but I can tell you right now the people that made the most money in cryptocurrency assets they didn't invest here they didn't invest here they're not investing here they invested right here right here when it was super boring and right here when it was everybody was afraid that's where all the money is made it's not made here and here it's what we all did and we all put in that hard work to invest when nobody wanted to invest remember that and then lastly and this is probably the one that I think is the most important it's traders versus investors on this channel I was really anti-trader when I first started this channel now I'm like if you want to trade go right ahead I don't care it's fun you know it's fun 10 and 20 percent maybe 30 percent of your portfolio trade away have a great time however I always say try to be more of an investor than a gambler or a trader because it really usually works out better for you if you just set it and forget it and this is one of those things where let me blow this up so back in the day in 2017 this orange line this is the investor portion of bitcoin and you still would see a lot of it right but then there was a rise there was a rise of trading bitcoin that was in 17 18 19 then around right here something happened in January 2019 where people just said you know what I'm done trading this I'm just gonna hold it because that's just what I want to do and then you see the traders they just kind of just tailed off and then the investors mostly what I do maybe what you do is we just kept holding and holding and holding and here we are today I think that's more of a metric of how this is really changed over time so okay so there's that those pieces now we're going to take a look at bitcoin versus ether and everything else so what we're talking about here well in 2017 all the way up to and this is very beginning to the very end you would see like this blue mark let me blow it up this blue mark here is ethereum and there was a massive massive spike because the ICO craze right but bitcoin just did its thing kind of boring man don't worry about me I'll go up and I just did that right but then of course ethereum was just hot hot massive and that kind of uh reversed here uh on November 2017 and of course we all know what happened then right but there was still some monstrous gains for ethereum from here to here bitcoin from here to here right all right fantastic however in 2020 we're still seeing the same type of thing right here so again in the light blue this is ethereum and the dark uh portion here here is uh bitcoin however 176 and 257 is not going to sneeze that I mean I'll still take either of them the question then is and as we come down here is which one is going to do better is it going to be ethereum or is it going to be bitcoin I don't know but that's why I'm heavy in both because I have no idea and I will just say this I forgot who said it but they they talked about if you just don't really understand you know yield farming and defy and things like that or these different projects just by ethereum because everything's built on ethereum and it makes sense right so we just do it that way and everything works itself out however this one is different and this is the chart this is the graph that pretty much lays it out as well and it talks about the bitcoin dominance let me blow this up bitcoin dominance is this gold piece right here this gold line and we can see in 2017 and q1 it was almost 90 dominant but then all of a sudden with the icl craze and and the explosion of different market cap gems that are out there uh it reversed and there was a huge amount of dominance of a large number of uh alt coins I'm not saying it was one alt coin obviously it was hundreds but that that's what happened and then of course down q4 q1 it kind of switched around and here we are right now as of today we're looking at between maybe around 55 percent or 58 percent uh dominance for bitcoin and then the alt coins are somewhere actually excuse me this is bitcoin dominance this isn't market cap dominance so we're looking at 55 percent and this is number of assets so back then wasn't that many now here we are around 80 plus uh different assets which are 95 percent of the market composition obviously there is like thousands out there but most of them suck and they don't really count but here's the rub and this was the interesting thing just like how we have the s and p 500 where we have a ton of different stocks that make up the top 500 stocks of the s and p 500 there's really only five assets that are the big major players in the space so if we're looking at a total market cap of 554 billion i mean 340 billion yeah 58 but then the next one is the big lion share 67 billion which is ethereum then we got 24 tadows at 18 and then we got five five fives fives and fours and then we kind of just go down to you know less than less than a billion but if you add those all up that is 95 percent of what's going on but again just like the s and p 500 the top five which are facebook apple amazon google netflix and microsoft so six excuse me make up like 25 and the numbers fluctuate so don't quote me of the entire s and p 500 and here we see the top five six seven those really make up the lion share of the entire market cap now we put them all together then it makes something else but right now this is what it is and back then that did not happen in 2017 there was very few and it was all bitcoin now it has definitely changed so the next part regulated versus offshore markets and this is all about institutions institutions are here institutions are here and we've got a huge massive i mean we've got everything from fidelity of assets eight trillion assets that are management we've got ameritrade with one trillion we've got van ekk who are big huge gold bugs and they just put this out uh just about a year ago which talks about how great bitcoin is compared to gold if you got a grayscale buying up everything you got the paul tutor jones says hey i'm taking two percent of my total investments putting the bitcoin features and that's what he talks about publicly and you got another legend uh billionaire hedge fund drach in miller on top of uh this just came out black rock the cio says hey cryptocurrency is here to stay and a black rocks getting into it well guess how much they have eight trillion assets under management on top of paypal which they just came in and they're they're driving the whole market on top of all these different publicly traded companies like micro strategy and galaxy digital who look are looking like geniuses especially michael salar because he went from 425 just two or three months ago and it's valued at 700 million because they bought so much bitcoin so look there is so much institutional play in here then you cannot deny that this is a very different market than what it was in 2017 however the more things change the more they say the same so open interest on the cme hit one billion this week which is an all-time high look at this chart this is crazy you go from just a little bit over here uh before september now or 12 october nothing really nine november now look at this amazing how greedy people get and so really just to sum this whole piece up is that institutional participation is growing with the rest of the market and you know we always talk about how institutions you know they're really great and they uh you know they have all these tricks and they're really strong hands well not really i mean look this was the bitcoin features open interest and remember in march when everything went down to the ground well it's the same thing here they said you know what we're out of here and we're on march when everything dropped in black thursday they dropped too and then off they go and then there was a piece that we just talked about there was a there was a banking ceo that had invested 200 million into bitcoin and he was just like it was too distracting and then he had weak hands and he sold it all off and he lost like first of all he bought 200 million and then as far as gains goes uh he as as of right now he's down 130 million what do you think's going to happen in 2021 so when we talk about like weak hands it's not just the regular retail people it's also the people that have been in the game as well so i feel like cryptocurrency is a proving ground to test your ability to hold on to assets because there is such wild swings traditional market if it goes down 2 percent 3 percent like that sucks and it kind of hurts but you know it really hurts losing 80 percent and then still holding on that takes balls and icing the veins so i get out of here and then the last piece here north america versus east asia investors and this was always something that i i uh had heard about how east asia was really gobbling up a lot of crypto and digital assets back in 2017 and even even before so even 2018 but there's been an inversion now if you can take a look at this this is the net inflow to eastern asia this is this gold piece here and it really was pretty high back in the day and then we had net inflow to north america which is this orange piece and it kind of was about the same right here and then it just kind of took off for eastern asia and really jumped up around late 2018 early 2019 and then we just had a big inversion right again right after january 2019 we just had this inversion just like the traders and investors looks like the orange piece here to north america is all the way at an all-time high and then down here for eastern asia all-time low and it's just an interesting piece that again this is definitely a different bull run so moving down the conclusion of the takeaway is this it is different but you have to make sure that you understand that these things they're not going to go to the moon we're going to have peaks and valleys dips and flows and we have to make sure that we have our discipline in place whatever that discipline is whatever planet is that you have in place i personally have a plan of discipline gives me freedom just like jaco talks about and i do that because i don't want to fall victim 2017 it's worked for me so far i want to make sure that i don't just fomo into projects and dump a lot of different funds into it because i know there's going to be a pullback there's going to be retracements it's going to be massive it could be small it could be big i don't know but i want to have that money back in my account in case it is needed and that's the big thing so that's it for that let me know what you think in the comment section and let's move on to our next piece this is a quick one ethereum jumped up to almost 600 and of course the reason is because of ethereum 2.0 is about to launch on december 1st and i was pretty leery about that my man hashochi had had a video when he talked about how there's only 10 percent that have been deposited for the staking for ethereum but and that's bad news but uh looks like we're right on track maybe potentially this is why so ethereum 2.0 deposit hits 60 percent as launch homes and just like a week ago or so we were at 10 percent now we're at 60 so hey maybe so but here's the thing the contract needs 16 000 validators by tomorrow to deploy on december 1st so what's going on so let's come down here so let's break out the numbers there's 315 000 plus eth has been deposited to the contract at the time of riding equating to 60 of the minimum target of 524 k the contract needs 16 000 validators to deploy as planned at 524 k ethereum genesis can occur linked to the development or deployment of the long-awaited beacon chain the deployment time is slated for 12 p.m on december 1st so we've only got like what eight days away or so some around there nine days no eight days but here's the rub it will only ship this planned if the contract hits the minimum seven days in advance this means it still needs another 208 000 eth in the next 24 hours to deploy on time so looks like you may not hit that but what a magnificent run i thought i was like wow 10 last week and maybe we get like 25 percent of time to launch but here we are at 60 so maybe it happens i don't know i mean there's uh miracles happen in crypto every day just about it seems like so maybe it could actually happen but i'm not really too worried about it because if we did we made up this much traction in this short amount of time even if it takes another week or two weeks hey no big deal but it does state this with the significant boost in the positive of the weekend it's looking increasing likely that ethereum 2.0 will ship before 2020 is out and again if it takes one or two weeks that's fine i don't really see that as a much of a big deal uh here's a nice little another another graph eth sent over time look at this that's a parabolic uh deposit so that's great but what does that mean for price well here's what it means for price so if you when you hear about the delay it's going to drop the price because people aren't going to really dig into it like ah theorem 2.0 delayed it's going to drop the price and that's why you want to have money on the sideline so you can scoop it up i believe that'll happen in the next 24 hours because they won't hit their goal so i don't think this is going to be sustainable right now once it gets stated make sure you're ready not financial advice is just what i'm going to do and you can buy in there at a flash sale but it doesn't only matter overall a theorem is going to be massive it's $10,000 coin and we're just the beginning so just be prepared and that's it so look that's it for today but there is one thing i want to make mention with this bull run coming up you want to make sure that you're protected make sure that you've got all your different passwords and everything else in the right thing i use the stone book it's water resistant it's smudge resistant you can do this cool like james bond ghost pen hydra writing all that great stuff right and like i said again you can put everything in there i've got a couple one is at my house one is at my safety deposit box in my bank because i want to make sure that all of my seed phrases are there you can pick this up in the description below it's in every one of my videos now and you just click on there and freddy has been gracious enough to give a 20% discount for people who watch digital asset news so go and pick up one of those if you need one and that is it for today so thanks for sticking with me i truly appreciate it if you like these types of videos there's gonna be two months gonna pop up on your left and right i'll let youtube do its magic and that's it so have some strong hands and i'll see you in the next one