 One of the Jalassette news to get top stories in cryptocurrency Jalassettes and bring them down to bite-sized pieces today, we've got some important stuff. First up, top crypto analyst says massive 2.7 billion Bitcoin whale move signals high net worth investors are scooping up Bitcoin. And this is just one of those stories just that allows us to take a step back, when in doubt, zoom out and see exactly what's going on for the big picture of our market. So crypto banks are going to swallow fiat banks in three years or even less. This is a fantastic article written by Mark Benz. And the only thing that I can really say about this is, do you really think it's going to take three years? And also in some strange news, a Bitcoin themed art piece sells for $130,000 at Christie's New York. This really isn't a big story. The big story is that the art piece was supposed to go around 13,000 or 14,000 and it pretty much is 10X just like cryptocurrency market. And we're getting all that up at first, take a look at what's going on in the market. So today it is Saturday, beautiful Saturday, October 10th, it's around 4 p.m. Texas time and oh my, oh my, what the market is doing. I do like these days. So Bitcoin is up 2.7%, almost, well a little over 7% for the seven day period and we're at 11348. And hopefully we can see a little bit of a pump up to 12,000. But in all honesty, Sundays usually aren't really a good day for cryptocurrency. There's a bit of a dip and then the crypto market starts to rebound on a Monday. So maybe 11.4, maybe 11.5 at the best. But if it hits 12,000, watch out. Ethereum 3.74, I mean this is a massive run actually for Ethereum. It was a dip below 3.50, I think it touched around 3.40, 3.33 or something like that. But yeah, it's definitely back up to where I'd like it to be at almost 3%, 8% for the week. So a fantastic week for Ethereum holders. Tether's tethered, nobody cares. XRP 25 cents, geez. Bitcoin cash 1% up, that's pretty good. Binance coin 0.3. Chainlake up 3, 15% for the week and it's back up to above $10 at 10.67. So another fantastic week for Chainlake because it had actually dropped pretty precipitously below that $10 mark. So I'm pretty happy it's hit that. Polkadot is right where it should be, right a little bit above $4. Pretty happy with that. Everything's fantastic. And one of the big stories here, Cardano. Cardano over a week period has increased by 15%, almost 5% in a 24-hour time frame. So what's going on? Well, what's happening is that Ethereum 2.0 is going to be delayed for another year and that is bad news for all the different projects that have hopped onto Ethereum, one of those being Singularity.net or not Singularity. So this is just one of those companies or projects who said, you know what, if it's going to take this long, I mean, we got things to do. Look at what's happening in just the DeFi space, right? In four weeks, it had massively run up, exploded, imploded and kind of come back a little bit. So do you really think we've got two years to wait on Ethereum? I don't know, but I will tell you who's in the wings waiting to take over. It's Cardano and they've got some massive plans. Litecoin up 3%, I really don't care about Litecoin. Let's be honest with you, I don't care about it. Litecoin goes up great, but it's not a big thing for me. I'm a cheerleader for everybody, but Litecoin just doesn't really excite me. Crypto.com 1.9, let's see what else. What is there, anything fantastic? Woo, Cosmos interoperability. Looks like it's doing pretty good, 7.5%. What else we have? 5% Friota, no idea why. My fave, one of my new faves, Theta Network. And I will always thank Digital Dave over at Crazy From Crypto for introducing me to Theta. Fantastic stuff. If you don't know, I've already done a couple of live streams over there and I got to tell you, it is fantastic. It's fun over there, it's really good. There's a lot of engagement and guess what, there's no scam videos over there. So I really like that. On top of this, VeChain is going to be competing directly with Google, well more specifically with YouTube. Even though Google is one of their node operators, they are still going to be competing directly with Google because starting next week, they'll be doing video on demand. I think I just got an email from Theta TV where they're going to allow me to do a video on demand. So just like how YouTube, you can go to YouTube, you can search for my videos for a month ago, same thing's going to be for Theta. So I'm excited about that. I need to actually update my information so you can find me over there because it's pretty fun. Anyhow, VeChain, 0.1, Zcash, 5.2, Aave, 10% for the week. First of all, does anybody know where I can get Aave? That's what I'm going to ask you right now because I was looking for it. I was actually on Alex Masculi's show yesterday and we had talked to the founder and fascinating. Fascinating guy, super smart, humble, really nice and also doesn't push the envelope, doing the safe things to actually push decentralized finance. I have to tell you, I think it looks pretty good. So Aave is one of those things I can actually keep my eye on. I might actually add it to my profile. Who knows? Maker, 6.5%. What? Geez, 9% for a year? Well, that's how it goes. What else we got? Nothing really big. Before we move on, I want to say thanks to the Wallet Company Extra for reaching out and giving me and my subscribers 25% off of their flagship product, the Extra Wallet. It's pretty cool. I own myself and you can keep up to seven or eight different cards. You will never lose your wallet because there's a chip in there that allows you to find it, which is pretty cool. I've lost my wallet before and let me tell you, I almost had a heart attack and it's got pretty great reviews. So if you'd like to up your style game, then Extra, you've got a pretty good product. So yeah, that's what it is. And also, if you order the Extra Wallet, looks pretty nice right here, right? You get 25% off just by using the link below. Now just so you're aware, this is an affiliate link. So you will get 25% off and I will get compensated for that. But that is the extent of our agreement with Extra. So go ahead and check it out. I've got one. Pretty cool. I like it so far. And let's move on. All right. So first up, top crypto analyst says massive 2.7 billion whale move signals high net worth investors scooping up Bitcoin. And we know this is happening, but it's just good to see the data on it because it lets us know we're moving in the right direction. So what is going on? So this is Willy Woo. Willy Woo, he haven't heard of him. He's one of those big traders on Twitter and he's been around for quite some time. He's made a lot of good calls, made some bad calls, as all traders do. But this way talks about, he says, look, the Square app, which Jack Dorsey of Twitter fame, who also owns a couple other billion dollar companies while he owns Twitter and he owns Square. So not doing too bad, but they just purchased almost 5,000 Bitcoin. And then MicroStrategy's 38,000 investment in Bitcoin. He states it's just the tip of the iceberg. And look, I've talked about this ad nauseam. These are big companies and they're making big plays. And I think a lot of the different CEOs and different corporations looking at going, hmm, our money's on fire. We're losing a lot of it because of inflation. Maybe we should get a Bitcoin because it actually holds its value. Just saying, just saying. Anyhow, in the past eight months, Willy Woo says investors have reduced the speculative stockpile of Bitcoin on exchanges by a quarter of a million Bitcoin. That's a lot worth about 2.7 billion. So if you have to take a look at what's going on, I always like to take a step back. When in doubt, zoom out. And I know institutional players are coming in because of data like this, data from Santa Mit, data, data, data. And also, I also like to talk to Alex Masculi over on his channel. If you don't know, I thought it was guy all the time, but he is the head of institutional investment at Bequant. And I've asked him a couple of times, like, Alex, what are these, your big players actually looking into? Is it Ethereum? Is it Bitcoin? Is it XRP? Is it potato coin? What is it? And he said, look, man, it's all Bitcoin. He goes, we do other things, but a very, very small amount. Every single institution, big player wants to get into Bitcoin because they know where it's going. So I like his channel because like I say, it lets us kind of tip behind the curtain to see what the wizards are doing. And I like to see what smart money is going on. But so this article really kind of just lays it out as that is exactly what's happening. And when you have big money investments coming in, more cash flow coming in, and all of a sudden they're buying up a ton of Bitcoin and then people are looking for Bitcoin going, hey, where's the supply? Oh, well, it's drying up. What happens when supply dries up? Well, guess what happens to the price? I'm just saying that could probably happen. And then Willie Wu pretty much lays it out here. He says, this is one of the few times in my Bitcoin career where the fundamentals are on chain data and metrics from infrastructure players are in moon mode. Yet the market is not woke to it. They will be by twenty twenty one. Let me say that again. They will be by twenty twenty one. This is an opportunity I've not seen since mid twenty sixteen. And if you've been on the channel for any length of time, you know that I believe that twenty twenty one is going to be a big year. It's why I'm trying to clean up the space while you scammed the day, which we need to do more of, actually. While we try to get rid of the scams, we try to educate people as much as possible, where I definitely tell you about what's going on in the market. I think twenty twenty one is going to be a massive year for Cryptocurrency assets. I mean, look, look what happened with Kraken not too long ago. I mean, they had a bank charter, a bank charter, Cryptocurrency exchange. Unbelievable. And then all these different big players that are coming in. I just I don't see any way around it. Actually, I do take that back. The only way I see that that it doesn't have a massive year is if there is total global economic collapse for whatever reason. Another ginormous pandemic, some type of world war or some type of just economic downtrod, downfall that just wipes away so much GDP out of all the countries throughout the entire globe that we just see massive just massive problems. That's the only way I see really our industry not making big peaks. But, you know, hey, let me know what you think of the comment section. But let's let's keep going further on states that the market is not woke because price action is a very laggy indicator of fundamental demand and supply. Mania phases of a bull market is when everyone is woke, but it's too late. Right now supply is being hoovered up and he needs vacuums. It's being sucked up. And that's the thing. That's exactly what happened in 2017. The the time to buy is right now when it is boring, when there's nothing going on, when it's flat lining. And that's what he's talking about in mid 2016. That's what the time was to buy, which is the exact same time right now. Because what's going to happen in six months, eight months, nine months, you're going to see some pretty big rises. And when that happens, that's when everybody comes in. But not you and me, because we're the smart ones. We're here right now. We are doing our due diligence and making our purchases and dollar cost averaging in so we can set ourselves up for the future. Now, when the other people come in, you can't help everybody. OK, and those are the ones that are going to formal and hard and they're going to learn a tough lesson. But that is how things go. And it's exactly how I learned. Maybe that's how you learn. Woo states, unlike unlike many analysts, Woo feels that recent BitMEX charges are a positive for Bitcoin. So if you're not familiar, BitMEX, the CFTC came in and they said, hey, you don't do enough for money laundering. You don't do enough to protect US citizens because you guys shouldn't actually be in exchange. You shouldn't allow US citizens to actually trade here. I mean, that's beyond the point. The problem with me and BitMEX is that they allowed everybody and their grandmother to trade at 50 to 100X leverage, which means you could put a thousand bucks in and you could lever yourself up 50, you know, 50,000, 100,000 and you could make a ton of money, but you could lose a ton. And usually what happens with new traders is they lose a ton. And that is not good for the entire market because one person gets screwed out of everything, not screwed, but they make the wrong decision and they tell 10 of their friends and those 10 tells 100 and 100 tells 1000. You know where I'm going with this. And I just thought it was just bad, just bad. I'm not really too enthusiastic about BitMEX. I'm kind of glad they're gone, but they're not the first and they're not the last. However, the overarching theme of this article is this. There is big money coming in and big money. We're talking about like Fidele digital assets, eight trillion assets under management. They're doing pretty good merit trade. One trillion assets under management. You got Van Eck and these guys were big gold bugs. And then January 2020, they came about and said, hey, you know what? You know, it's better than gold, Bitcoin, way better. Then you got a Paul Tudor Jones, who was like a a legendary trader of the 80s and 90s. And he said, hey, I'm taking one or two percent, put it into big futures, Bitcoin futures. And that's his next play. So when you see these institutions coming in, you see all the different money sloshing around. You kind of get a feeling of this could be it. And I think it is. Let me know what you think in the comments section. Let's move on. Next up, crypto banks are going to swallow fiat banks in three years or less. And my question is, is it going to be three years? You think it's that that amount of time? Who knows? But this is what the article states. And first, before I go on, this is written by Mark Benz. And Mark, he's a CEO of big digital assets, Inc. He believes the future of crypto is safe. First scarecrow in 2013 and was hooked. So this guy's been in the game for quite a long time. Again, he's a CEO of big digital assets. Mark oversees blockchain intelligence group, maker of T, L, U, E and bit rank and net coin. So it seems to know what he's talking about. And this is an interesting article and one that I can totally relate to. And I totally agree with that banks are on their way out. They either need to adapt and overcome or they will be buried. So this is what it states. Within a few years, a younger generation of financial services, customers are going to be able to walk into a bank, any bank, and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets. And this totally makes sense with Kraken coming into the mix and they were able to get a banking license, which is an officially chartered bank. Now, well, it's going to the process means that Kraken will be able to offer more banking and funding options to existing customers. It also means that Kraken is going to be able to operate in multiple jurisdictions without having to deal with state by state compliance plans. And this there was an interesting podcast and it was on Anthony Pompliano just about five days ago or so. And it had CEO, David Knitsky. He is from Kraken and he talks about everything that it has to do with Kraken financial and the bank act, not the bank actions, but getting into the banking sector, going into Wyoming, getting that license and what it all means. And one of the things that they talked about, which I didn't know is that they're going to be able to operate throughout the entire United States, all 50 states, and then they are looking to branch out globally or international. So this is going to be big. I mean, I don't know how it's going to work for everybody, but for me, this is fantastic because I've got four banks now for all my businesses and I cannot wait to leave them in the dust because they suck. The only doesn't suck is USA. That's my personal bank. I love them. Other than that, everything takes way too much time. The fees are a little bit too outrageous. And when Kraken gets this all going, I will be the first one to open up multiple business accounts with Kraken. Let me step down from my soap box and finish up with this article. So it states Kraken is currently working with Silvergate Bank to offer Swift and Fedwire funding options to US customers. When I first read this, I was like, why are they working with Swift? That is archaic and old school. Why do they do it? I think it's because they have to work with the infrastructure that is already in place for different banks. If you don't know, Swift is a very old organization. It is essentially what allows wire to wire bank transfers to happen. It was created in the late 60s. I think I want to say 1972. Someone fact-checked me on that one, but it's been around forever and they don't innovate. They don't really upgrade. They've done some things lately, especially because of cryptocurrency, but it's still awful and so they have to work with them. The one thing I wasn't too sure was what the heck is Silvergate Bank? I've never heard of them. So I had to look up Silvergate Bank and here's who they are. They are based in La Jolla, California. Silvergate is a federal reserve member bank and a leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. So that is exactly who Kraken is working with right now. So great. So what you've got is banks who they can read the running on the wall, the smart ones, and they go, you know what? We better work with these guys because we're on our way out. So to finish up, Silvergate Bank is a step ahead of the rest of the moment. The company boasts internet digital asset companies as clients and these clients have deposited more than one 1.5 billion with the bank. That's still a small amount of money relative to the market capitalization of most major banks. But just be aware that that's not the only player in the space because it talks about right here. Major crypto exchanges, Coinbase and Gemini are new customers of J.P. Morgan, even though Jamie Dimon denounced the value of Bitcoin and told his employees that if he catches anybody dabbling in Bitcoin, he would fire them. So just so you know, Jamie Dimon, not a dumb guy. So J.P. Morgan is going to be on that bandwagon of, hey, where's innovation? Well, we're not good at innovation. So we'll just ride the coattails down that road. And this was the most interesting sentence in the whole article. It says consumers will soon define a full service bank as one that offers financial services in both crypto and fiat. And it makes sense. That's what I'm looking for. I think that's what you might be looking for as well. When I go into a bank, there is no reason for me to go to one and go, hey, I need to get Ethereum because I want to purchase that because I think it's going to go up and I need it for whatever else reason. So can I just buy it here? Oh, no, no, no. Sorry, sir. We're Wells Fargo. We're going to do that trash. What? OK, well, it's gone the road to Kraken and then they have everything and then I can do a business and a savings account. I might be able to do other things as far as financial, maybe a loan, maybe mortgage loan, I'm not for sure. I could buy my cryptocurrency. Maybe I can do atomic swaps. Maybe I can do a bunch of other things that you guys are supposed to do, but don't do because you're not innovators. So let me just walk on the road. And I think that's what's going to happen. I think people who are going to get used to it and it's going to be one of those things. It's the same thing as like you want to get a truck tire and then also you need a frozen pizza. And then maybe you need toothpaste and maybe you need formula for the kid and diapers. So where are you going to go? Well, you go to three different stores or four different stores or you just go to Walmart because they got everything right there. So the same thing is going to happen here. It's going to be a one stop shop. And I think the ones that innovate and actually do these things will survive and the ones that don't, there is the door. Again, blockbuster versus Netflix. So scrolling down to the very last end, it says what will happen if banks don't join the party? Any banks still approaching crypto with trepidation over the next 18 months, 18 months, that's more like it. Is that risk of finding itself dead in the water at the hands of crack in other banks? So those are my thoughts. Now, I could be wrong, but banks there are not known for innovation. However, there's a difference between innovating because that's what your customers want and innovation for survival. So I think at some point, some point very soon, banks will have to innovate just to survive. And it's funny. Sometimes when you wait till the last minute, it only takes a minute. And that's what I think is going to happen here. I'm interested in the comment section. Let's move on to our last piece. Next up, this kind of like a little fluff piece here, but it talks about big point themed art. Peace sells for a hundred three thousand at Christie's of New York. If you're not from America, there is a place called Christie's. We do a bunch of auction. You can buy a lot of fine arts and different items that are up for sale via auction. Very high price items and items. And one of these projects or art pieces that were sold was a Bitcoin or cryptocurrency related art piece, and it was sold for a hundred and thirty thousand dollars. And that's not the big the big news. This is the big news to me. This was the piece. It was called Robert Alice's Block 21. They work based on blockchain technology sold for one thousand and achieved more than seven X its high estimate. And this was a tweet from DCL blogger.Eth and he set it up perfectly. He goes, look, this was estimated to go at 12 to 18 K and guess how much it went for one hundred and thirty one K crypto is crazy and the real world is starting to find out. And that's true. If this is any indication of what's going to happen with the next bull run markets, you can expect fireworks. Again, just a little fluff piece, but it kind of gets you to see where things are going. I mean, look, even art is selling crazy amount and it has nothing to do or very loosely to do with actually blockchain distributed technology, cryptocurrency, angel assets. So I found it quite amazing little piece there. So look, that is it. That is all the stories for today. I want to say thanks for sticking with me till the very end. I appreciate it very much. If you like these types of videos, there's going to be two months going to pop up on your left and right. I'll let YouTube make that decision. They kind of are great at that. And just check those out if you have time. So again, thanks for sticking with me. Appreciate it greatly and I'll see you on the next one.