 Great welcome to the live stream. So just as the thumbnail on the title suggests the market is pumping We're going to take a look at two potential reasons why so first of all potentially looks like Luna could be buying a massive amount of Bitcoin Also, the reason problem number two is that the largest hedge hedge fund on the planet is buying into crypto They're going to take a look at a story We talked about a crypto founder gets so back because he's the one that screwed up And lastly we're take a look at a really good story grayscale smart contract trust We just released and they're betting big time on these smart contract platforms And I'm going to tell you exactly which one they bet on and number one that they put into it was kind of a surprise But I'll tell you it right now. It's good for me and maybe you We'll do all those things the very end will do five questions and five minutes in the Q&A following the Livestream so let's jump into it. So first of all, let's take a look at the market cap If you're here for the livestream welcome if you're here watching the replay just know there's time stands below So you can jump around to where you want to do but all the news goes a linear motion So might as well watch to the very end and then also news takes about 15 or 20 minutes Q&A takes about five So we're shooting for around 20 minutes or so today. Let's see how it goes Let's jump into it and see what's going on the market because it's pumping a little bit I think everybody can appreciate that after getting like I have always said our teeth kicked in and we're above 2 trillion That's nice. I mean, I don't think anybody can say well that sucks That's good. I mean, it's not as good as like being over a 3 trillion or 4 trillion But take the small wins for what they are and celebrate those so today bitcoins up almost 5% and 7 days 8% Ethereum's crushing it though 3.6 and 16 and of course all these prices, you know, but I will say one of the big winners for today on the top 10 Is Cardano 9% why is that we're gonna go that in a second why it's pumping Polka dots anything beats 9% is probably usually something Bitcoin cash stuff 14% okay 10% of Ethereum classic 3 for algorand If you give me pump a little more and then let's see what anything else no, that's it So that's the market itself I don't like to spend too much time on it because you already know it Let's jump into the story. So the story morning glory is this pump number one and Again all this information that we have I try to bring to you in a concise manner But it's just all hearsay. This could be a potential reason It could be something else it could be some random trader out there who talked to somebody who knows somebody's like Hey, the US government's gonna buy Bitcoin or something like that. Nobody knows So the information I'm giving you just the best that we have right now at the present moment So take a little grain of salt. So what we have here is Luna buying Bitcoin. It looks like it was so this was a Story broke by Luke Martin adventure coin is and who's this guy? He's the host of the We're all gonna make it podcast don't know him. So the good guy got a lot of followers So he says this yesterday. I should cut 10 hours ago. He said a Bitcoin narrative worth paying attention to three days ago stable Kwan First of all, who's that? That's do Kwan and he is one of the C He is the one of the founders or the founder of Luna. So if not familiar with Luna, I linked The website in the description. It's one of those big cryptos. It's not top 20. Actually, I think top 10 now Yeah, top 10, which is absolutely crushing it and what he talks about is that three days ago? though Kwan share plans to buy three billion dollars worth in Bitcoin as a reserve asset when he was talking about on twin the Twitter spaces and he said he shouldn't have said so much But he did and then traders notice at the first 125 million has been moved. So this is broken down Graphically, I like how they did this. So here's the price of Bitcoin going from Ba Ba Ba 18th of March So here's the price bad below below 40,000 USD Luna founder Do Kwan talking with word-timer says he currently has the go-ahead to purchase the first three billion in Bitcoin And most of this has not yet been purchased. That's good I like to see three billion dollars come into the market and then do Kwan in that same show Said hey, I think I said more than what I should have and of course that might move the market But not really didn't do too much Just kind of stayed sideways and people didn't really think too much of it And there was this tweet. This is on 18th of March on 21st of March. He says It's time to choose and there was just a red pill and a blue pill from the matrix That was the whole tweet nothing big It's just something that you know like this is all meme and innuendo and that's pretty much what crypto is and Then convex monsters to strap in see at 50k and here we have this enormous candle That's pretty big and this one was on 21st of March, which was well yesterday Depending on the time actually it was late at night 2048 depending on the time frame what it was and then Sisyphus is pretty sure Tara bought the entire hundred five million. They moved in one candle. So here's the thing When we see these big pumps and things going on could that be Tara buying up in the Bitcoin? Sure Is there a good chance that they were probably buying OTC and it wouldn't have moved it? Yeah, probably So when these things are coming in these narratives it really It's not so much the story It's the rumor and it seems like these are sometimes what actually moves things and gets things going now Could this be true? Sure. It could be why not when I take a look at this I'm like, I don't know but I do know that someone bought a lot of Bitcoin in a very short amount of time So let me know what you think about that in the comment section. Let's move on to our next piece of pump number two Ray Dalio, so this one I like Ray Dalio he's Got a pretty great YouTube channel and he breaks down complex Financial concepts and very easy to understand manner and when Ray Dalio came out He's like a lot of the billionaire People that are out there. They're just like Bitcoin's a waste and crypto is junk Why would you ever get into it? And then the more they learn all of a sudden the more you bite you You get into it and we we see the Paul Tudor Jones. Here's the Ray Dalios. We've seen these Big massive people get into it and it's I don't think it's gonna stop. So this is what's going on Ray Dalio's Bridgewater Associates is preparing to enter the digital asset space with its first investment in a crypto fund Here's the real story. So Bridgewater Associates wants to increase its exposure to digital assets The 150 billion hedge fund, which is a good amount of money 150 billion dollar hedge fund will not be buying Cryptocurrencies directly and I think again the narrative is what drives the price people don't really care about the details like what? Biggest hedge fund in the planet is getting into crypto. I should get into crypto before you know it off it goes But then I'm gonna crypto directly Ray had previously advised investors to allocate a small portion of their portfolio for foyers to Bitcoin What was largest hedge fund is readying investments in an external vehicle and won't be dabbling directly directly in the crypto Ray Dalio's fund currently has 150 billion assets under management The man did admit to owning some Bitcoin last year and the size of Bridgewater's crypto related investments is tiny compared to its AUM figure Because they're going to get just a little bit into it in January the company released report on the evolution of institutional investors exposure to crypto and blockchain tech Signaling they were actively researching the space and a Bridgewater spokesman said while we won't come in on the positions We can say Bridgewater continues to actively research crypto, but it's not currently planning on investing in crypto So they could be doing it by proxy. It could be investing into micro strategy or Mara or any kind of like Mining operations, but the key point here that they are getting into it But the thing I want to make mention of is this It always surprises me how like all these places start just well We're just gonna dabble or we're just looking into it. No actually excuse me first They say crypto's trash and always falls us this this timeline crypto's trash and digital assets crash Then it's we're looking into it and then it's we're allocating just a couple of percentage points And then it's we're really heavy into this and we really believe it And it's just like on this this this continuum that keeps playing out this narrative that keeps playing out again and again Here's a case in point of everybody's people who love to hate Kevin O'Leary Kevin O'Leary just on March 11th said hey 20% of my portfolio is in crypto and that was the same thing. He came out Crypto's trash doesn't really make any sense. Okay. Now we're looking into it Okay Now you got a little bit into it 1% 3% now all of a sudden hey It became 20% because everything went up so much the same thing that happened here It's the same thing that happens to probably all the Paul Tudor Jones and the Mark Cubans And now we've got Kevin O'Leary's and it's gonna keep happening again and again again But the one thing that he did say here is this and I think it's smart. He goes He's got investments in 32 places meaning in 32 different projects because you don't know who's going to win And that's just comes down to this there is this narrative in investments And it comes from Warren Buffett and everybody boo Warren Buffett boo But he is one of the greatest investors of all time, right? Can anybody deny that stem pretty well? I think he's doing okay. However There are missteps and nobody is perfect and this is one of the things he talks about Diversification is protection against ignorance. It makes little sense if you know what you're doing So the question that I have as far as diversification you can sound off in the comments all you want to Is I don't think Warren owns one stock. He doesn't own one sector He's really out there in different places. He looks at companies and what he tries to do is is pick up undervalued companies They're gonna do well in the future. However, there is a diversification a little bit there And when you take a look back at Kevin O'Leary, some people say well, that's too much diversification 32 different projects How can you do that? Well, we're in a in a space that no one knows with who the winner is and you can do all the research that you want to But I can tell you one thing is for sure the things that we know on the outside Doesn't reflect what's actually going on in those projects I can guarantee the things that are going on those projects will never be aware of so it kind of makes sense to kind of Spread things around. I can't give you investment advice. That's investment opinion I'm just telling you what I do and kind of works out like what Peter teal does because he's into Also in a tech and he says look things are moving so fast at a rapid pace I can't keep up so I just spread my earnings around or my revenue and see which one takes flight They don't all have to hit but if I get a couple, it's gonna be pretty massive So again when I see something like Warren Buffett and people spouting this thing like we shouldn't diversify Because it's for morons. Is it is it really because I got to tell you I've been doing pretty damn good for quite some time I've diversified in crypto. I'm also into Property and I'm also into dabble just a little bit in the stock market. It's worked out pretty well so far Amazon Tesla Mara yeah, Mara, okay, not so great in crypto Bitcoin 56,000 what is that? Ethereum hundred three hundred dollars Cardano seven cents eight cents. I remember buying Luna at fifty I mean, it's it's an okay. Have I had some losers? Yeah, I've had some losers, but I just I just can't stand this Diversification is for is for ignorant people. I think it works out pretty well And the last thing I'll say about this is maybe Warren could have done a little bit more diversification I will remind you that he passed on Google didn't understand it. That's okay We're not gonna hit all the winners. He passed on Amazon. I don't need to pass on Amazon But out of one of the founders meetings or one of the conference that he was at He actually took the stage right after Jeff Bezos and said Jeff seems like a nice guy But I would never invest in that company because it makes absolutely no sense. I don't see what the earnings are Then he's also said the same thing about Bitcoin and crypto So at some point when people say diversifications for morons, maybe you should diversify a little more That's what I got Let me know what you think about that in the comment section and I will follow it up with this if you're looking to diversify With your exchanges and wallets. I got this great exchange of wall of fees And these are all the things that I use all things I don't use and ones I actually hate and you can find that there. They're all affiliate links So if you're worried about like maybe I shouldn't have all my or buy my all my crypto at Coinbase Or just stick it there first of all put in a cold storage, but I've got a lot of different ones Affiliate links. So if you can't stand it, you don't have to use it links in the description Looks just like this and that's it for my little shell section. All right, so that takes care of that Let's finish up with a question for everybody. I Saw this story And it's it's uplifting. It's nice. It's cute great But there's a question behind it defiance capital founder loses 1.6 million in a hot wallet hack Here's what's happening. So founder of major crypto investment firm defiance capital Arthur 0x suffered a hack on one of his hot wallets Resulting a loss of more than 1.6 million in NFTs and crypto and a tremendous show of support The crypto community came to his aid to help retrieve the stolen items as he asked people to blacklist the hackers wallet That's great. Good for them people coming together. Can't fault him for that NFT community member Cyrus went as far as buying two of the stolen azuki NFTs he lost And decided to return them to Arthur at cost. That's nice. It's adorable great In total Arthur appears to have lost 78 different NFTs from five collections mostly azuki's He lost 68 wrapped ether almost 4400 stakes dy dx and Almost 600 looks rare tokens In Arthur's case, he's baffled by how this happened to him as he ruined a tweet hot wallet on mobile phone Is indeed not safe enough. So i'm going to ask you a question right now And you can put this in the comments or live chat Does he deserve to get that back? Because i gotta tell you I get emails I get dms all the time with people saying the exact same thing And they did some goofy things like they left things in their hot wallet even I do that myself I'm not immune to it But that's the whole point of decentralization Should we all step in every single time somebody screws up and give them back their funds? Or will it be like one of those those uh those learning experiences where you're like shoot I shouldn't have done that Now there's a and you and weigh your answer because there's a big line on a continuum because think of it this way if you've lost Let's say two percent of your portfolio not a big deal, right? Should you get back? Ah, probably not that's the whole point of decentralization. Here's a tougher question Let's say you've got somebody who was in their late 60s or 70s who saved up their entire life And bought bitcoin then got scammed out Should that person have their crypto return to him or should it all be decentralized or should be on a case by case basis In my humble opinion, I don't think this guy should get back squat Because he's the one that messed up That's just me. Let me know what you think about in the comment section But it really comes down to the ideology of decentralization how things should work and lastly grayscale smart contracts. This is a fun one So i'm always trying to see what the smart money's doing Because it's always interesting to see where things are going kind of helps you balance things out You don't have to do all your own research. You can let some smart people do it for you Try to do as much as you can but here's what we got so grayscale investments create smart contracts fund for slana avalanche polygons and others And it says something very important here in the wake of sec etf rejections grayscale is launching an altcoin fund focused on seven major blockchains I would really like to see a bitcoin etf. I've been hearing about this etf to magically appear since 2017 I don't think it's happening as long as gary ginsler is in the house of sec Let me just think but I don't think it's happening anytime soon Anyhow back to this story The fund this smart contract fund by grayscale is composed of the altcoins cardano Solana avalanche polka dot polygon algarant and stellar. Here's the big question The big question for me is How do they weight it? Which one did they choose because grayscale if you don't know was one of the first ones to actually get into bitcoin And offer a bitcoin trust Or you could purchase not the physical bitcoin But you can really invest into it and they were one of the first ones to go to some heavy hitters I mean heavy heavy hitters that were out there in the global community go. This is what it is You can invest in bitcoin. We'll hold everything for you. It's a trust. It goes in this trust doesn't leave You have a lock-up period go from there and I want to say it's 2011-2012 correct me in the comments So they are have some pretty smart people around them and they can kind of see the future Of what crypto and digital assets are going so the question then is for this. How do they weight this one? Well, here's what it is Cardano and salana each make up just over 24% of the fund. Let me say that one more time Cardano and salana each make up about a quarter of the entire fund Let that sink in Avalanche and polka dot account for about 16 each 10% of the fund is allocated polygon algarant and stellar make up About 4% each that's the whole story So does that mean that those are going to be the winners? No, does that mean that? That's salon alg and Cardano are going to be the number one smart contract platforms. No, it's not what it's saying What i'm saying is that at this point in time This is where the fund is going So maybe it would behoove you take a little bit deeper look into those two projects And that's all I got for you. So look that takes care of today's news 18 minutes. We made it 15 Pretty good. Now we're going to go into q&a. So if you have to take off, it's okay Take off enjoy the day do your things that you got to do I'm sure some of you are probably watching this at work, which you really shouldn't do but thanks for Thanks for doing it anyhow Let's jump into the q&a if you got to leave Give me if you could be so kind hit the like button It's the only way that this seems like youtube figures it out that this is not a scam video Also consider subscribing all things talk about our time sensitive. Now. Let's get into the q&a. So What do we got? Rob you ain't no moron debatable. Ask my wife. She'll tell you Oh Henrik diogo says diogo said the fund referred to as the Gscp xc are cardinals with a 24.6 waiting so on us 24.3 It's close enough avalanche at 17 polka dot 16 polygon at 9.7. It's pretty good. It looks like my portfolio I'll be honest with you. Although mine is heavy bitcoin ethereum, but past that it kind of looks like kind of looks like that DJ what's up? Will we see you get more into Luna? I'm already I've seen your your tweets And uh, I'm like well if DJ is getting into it. I should probably get into it Yeah, I've been buying I've been buying Luna for a while. It's just You know I look it's The project is solid It's complex. It's it's a very easy Way to think about things, but it has a lot of complex moving parts And I see the people that are investing into it. I'm like I want to get into some of that So I've been dollar cost averaging for a while. Yeah One more. It's here. One more. Welcome big E. My right hand man is here. Thanks, man I always watch your work. I know you do because I know you're working at the farm the farm company Ah, damn it. Sorry. I keep getting I hit the thing and it always moves because there's so many people putting it in there Ah Rob, here's a great question number one. Can you tell me if staking all my ethon cardano or excuse me coinbase? Uh, is a good idea for so the question so stake all your ethon coinbase I never like to put all my Crypto and you're gonna hear this everywhere I never like to put all my crypto onto one Exchange because you never know coinbase as resilient as they are You know, they could get act although I will say I think they've got they've been hacked before for their hot wallet neighbor and they Reimbursed everybody for it. So yeah But to put all your eth there now, I don't I don't like that. That's just me though. Just be careful because You never know. I mean no one thought mount gox would get attacked But that was a long time ago, but again people will say it's different this time. It's never different. Okay Uh Jackie loves jackie loves mullet. What's not to love that guy's great. Let's see Thank you Yeah, bicky says for that article Did he say that if he had a hard a hard wallet still would have been stolen? He said he doesn't know how this was a back to that that article He says he doesn't know how it got stolen He said it might have been when he interacted with a specific chain that may have garnished some information. Sure But as far as like a hard wallet it's It's hard for the hard wallet to get hacked unless you do something like Take a picture of the mnemonic phrase and then save it in your hard drive And the hackers just look for that and they just take it like that. That's how it is But remember if it's air gap and it's not accessible to the internet I don't see how how you can hack it There's probably a way. I just not smart enough to figure it out. Know what I want to Let's see what else inside job could be Taxes are coming up, but that will be just for this year. So whatever All right Thank you. I think I did my job today because there's no questions. This is great question number two Any major update? No, there's no major updates Jordan has a question number three ever consider some bitcoin mining also. So right Yeah, there's a lot of people here in Puerto Rico that do bitcoin mining And not that they mine it here, but they've got Different entities that mine and they have these big huge farms. So I've been talking to them and maybe at some point I'll get into it. Just haven't gotten into right now. A lot of things going on Let's see Des says rob did you figure out this flag yet? No, I didn't sorry Oh, this is a great question number Three how old were you when you started investing? I actually got into it real late I uh Gosh, I think the first The the first investment that I did was My sports facility and it was just I bought I bought land on the outskirts of El Paso And I thought well, maybe a couple years. It'll be worth something and it worked out. Okay, and that was in 2008 2007 Yeah, that's my first investing. I'm an old guy So like I just got into it late because I was just a worker my whole life I just said well, I'll just work and pay off my bills and I figured that was Not the greatest way to do things so Yeah, I mean the army was only going to pay me so much and then getting out and doing Medical was only going to do me give me so much. So I think that was the first one and then it came from that into online education Nursing students helping them pass the clinical exam then it got into amazon and then led me to crypto and then let me to actually before crypto was property, so yeah Now maybe that's it. Thank you mallet So that was number three What are your thoughts on the immutable x? I I see it's super cheap to use And it seems to be like the next great thing. I know ftx Ftx. Yeah, I believe ftx is investing into it So we got sam bakeman freed who's also investing into I mean his Multi-billion dollar exchange On top of the thing that he's also investing into salana Mutable x would be a pretty big play. I just haven't invested into it. I'm probably gonna miss out on it Can't can't catch them all Question number four rob There are some I think that the the vgx token will go open the debit card comes out. I don't think so What are your thoughts? I don't think so either. I think it's gonna be the same thing Like until they can really fix that loyalty that voyager loyalty program issue which is The tiers are too high 20,000 Voyager tokens for the top tier. I think it's a little bit too much and then also For the things that they changed as far as the boost because the boost was supposed to be for digital assets Like if you held ethereum The boost would actually give you more of that ethereum But now it just gives you more vgx tokens and then of course burn mechanisms and Stuff and a call across a credit card and synthetics would be great. I don't think it's I think it's a longer process that 30 dollar prediction Well, we'll miss that one But do I think that voyager is a solid solid play the platform is great. Just got to figure out the tokenomics Dot will melt faces Like and subscribe question number five Where did it go new tone thoughts and Thoughts on chain link should go up well There is a inflation problem though That's all I got on that one. I still I still have buy bought it I just stopped dollar cost averaging though A couple days ago. Where that? Yeah Marketing pool going to get eaten up because of boost and debit that's for the voyager token. Yes And ah, here we go Question number five. What are your top 10 cryptos? Bitcoin ethereum right now because it's the safest play and then actually what's kind of funny is That article we covered as far as the grayscale one Which is pretty good actually So i'm dollar cost averaging I am not dollar cost averaging cardano. I am dollar cost averaging in solana and the reason why First of all, I own a lot of cardano. That's why a lot I don't know near and much solana and I bought I bought solana too high Like over like 200 and more so I need to reduce that cost basis So as I buy lower the cost basis goes down I can sell later on so that's why And I am dollar cost averaging polka dot Polygon I was dollar cost averaging algorand I own all these things matter of fact everybody. So cardano solana avalanche polka dot polygon heligrines teller world mobile token and meld And ginsu kishi again, so which is the round Which is now the the meta token. So Here's the here's the thing. That's what i'm doing. Should you do that? No, you should not do that You should look at it because The things that I just said may not fit into your your plan. All right All right, everybody. So that is it for today. So look we're coming up in 30 minutes If you like today's video, give it a thumbs up. I'll also consider subscribing while I put up time sensitive Obviously, but that's it. So thanks so much for sticking with me. I appreciate it and I'll see you on the next one. Adios