 Welcome to the Jalassette News. Take a look at top stories in cryptocurrencies and Jalassets. And break it down into bite-sized pieces today. Pretty fascinating stuff. First up, there's a reason why Bitcoin dropped. And the reason is because there was a giant futures gap in the biggest drop since 20k. But in reality, it really doesn't matter. And I'm going to show you exactly why. Part of the reason is supply and demand. And this article from Bitcoin.com talks about 78% of the circulating Bitcoin supply is e-liquid, meaning it doesn't move. Only 4.2 million Bitcoin is in constant circulation. And when you have a supply versus demand, where there's a lot of demand, price goes up. And to really drill down on that fact, Michael Saylor says he just bought 2.5 billion in Bitcoin through MicroStrategy and other entities. If you know anything about Michael Saylor, he's not selling. So we'll take a look at all that, but let's just take a look at what's going on with the market. First up, it is January 4th. It is 6.48 a.m. Getting things done early, because there's a lot of other things I got to do. So let's break in. So Bitcoin right now is almost 10%. And we're going to take a look at that CME gap, which I think is just, that doesn't really matter. But it is up 18% for the week. So we'll take it. Ethereum is almost hitting $1,000. And yesterday I sent out a tweet right before I went to bed. And I said, Hey, if I wake up tomorrow to find a $1 trillion market cap, I won't be surprised. Cardano is going to pump hard. So I was half right. So when I went to bed last night, it was almost, it was about 900 billion. And of course I wake up today and it's roughly what, 856 billion. So we'd actually been fluctuating when I woke up at four in the morning. It was 800 billion. I was like, what the heck? We just lost $100 billion. But that's just how it is. And it goes to show you that if you think you know where things are going in cryptocurrency, it just comes down and just slaps you in the face and says just grab some bench because I'm going to show you exactly what, what is so different. And of course I just tweeted, I said, yep, and there's a pullback. And every time you think you know where it's going, you really don't. So that is what it is. And it actually has, you know, come back about $50 billion. So not too bad. We'll take a look at the dominance. Bitcoin is slipping a little bit. It was at almost 71%. Now we're at 67.5 ETH at 3.13.2 dominance. And what that says to me, a little bit of an altcoin rally. So we'll see. Ethereum, you know, we thought it might go to $1,200. Well, here we are at below 1,000. But again, it doesn't really matter. Tether is tethered. Nobody cares unless you're an auditor. XRP up 2.8%. Congratulations to XRP holders. 22, whopping 22 cents. Watch out. Litecoin down 2%. And just yesterday or two days ago, I forgot when it was, XRP and Litecoin had flipped around. And you can see you got Litecoin at 10.2 billion. XRP at 10.5. Polkadot at 8.8. And I see a lot of flippings happening. I think Litecoin was going to replace XRP for a bit. And we'll see. Bitcoin cash down a percent, but it's up 20 for the week. It can't be that. And Cardano, making a pretty darn great run here. 38% in seven days and 4% in 24 hours. So congratulations Cardano holders. Pretty great. I will say this. I think Cardano is on its way to $1 to $5 in this bull run. And if you haven't already staked with us over at DNews, we're almost at 30% saturation. So thanks everybody who has come in. I think we're going to be saturated probably the next two or three weeks. And then that'll be it. We'll close. If you're looking to stake with our stake pool, just look in the description below. There's a link looked just like this. And you can stake with us. All right. So what else we got? Anything good? Man, Bitcoin SV down a little bit. Nobody cares. Celsius. I thought they're going to break to $7, but just dropped a little bit. Hey, 42% for the week. Not too bad. And Theta down 8%. Still hovering around $2. I like those odds. So again, we're going to have dips and valleys. You have to understand and hopefully if you're not new to this, this is like normal everyday stuff. But if you are new, welcome. Just know that this is what usually happens. We have massive runups. And then we take a little bit of a step back. Sometimes it's like, you know, three steps forward, one step back. And then, you know, two steps forward and then two steps back. It's kind of weird, but that's just how it all works out. But I'm going to tell you why all these price action doesn't matter. And we're going to see Bitcoin at 150K. We're going to see Ethereum at around 10K. We're going to see, like I said, Cardano from a dollar to five. And this bull runs going to be massive in 2021. Just hold on. Just watch. So first up, I want to make this quick because it's really not a big thing. Bitcoin price dove to under $28,000 to fill a giant futures gap in the biggest drop since 20K. So what happened? Well, in the time that the market closes and the market opens, there's a huge price difference. And that huge price difference is Bitcoin. And this is the thing that it's hard to kind of wrap your head around, especially from the traditional market. So you're like, what the heck? We just left here before Christmas. It was at 27, 28. Now we come back and it's like at 33. What the heck happened? Well, this is what happened. So when you have these gaps, you got to fill them, and most of the time they get filled not all the time, most of the time. And then all these different pricing orders got filled. And that's just how it is. So price dipped 4,000 in an hour, which in the traditional market is insane in our market. We call that a Monday. And that's just how it is. So there was a drop of 12% in one hour. I don't really care. And the rest of it is just technical stuff. I really just don't really see the big deal. So I know people get all flipped out about it. And then they try to really break it down and really get to the minutiae, which I just don't care so much. What is important is don't take your eye off the price. And this is really what it is. Supply and demand. When you have a diminishing supply and people still want that, which is a high demand, the price will go up. And this is proof positive what's happening. And this is what everybody's been predicting, the stock to flow ratio. And here we are. So 78% of the circulating supply is e-liquid, meaning it's not being moved around. It's not being for sale. It's just sitting there in cold wallets or other people's wallets or treasuries where companies are like, we're not selling. We're not selling for at least a decade, maybe 100 years. And you've only got 4.2 million Bitcoin in constant circulation. And I think even more so, you have to understand that we've also lost some Bitcoin. So that plays into this e-liquidity. That's a good word. So here's what research from Glassnode found. This blue here is all the e-liquidity, all the Bitcoin that just pretty much hovering around is not moving whatsoever. And then you have this yellow part, or I guess orange, excuse me. I'm colorblind. That is pretty liquid. And then this one, of course, down here, the red is highly liquid. That's the one that all the traders are pretty much gunning for. And they're just moving it around and whatever else. I'm not a trader. This isn't a trader channel. There's a lot of channels out there to do a lot of trading, which is great. You can check them out. But I'm just an investor. I just don't have time or patience to trade and to make these little micro transactions. I've got a lot of stuff going on. So I just buy and I hold, I invest. And when I need something for something else, then maybe I'll sell, but it's a rarity, honestly. And I'm one of those people who it's just a liquid. It comes into my wallet and it is the black hole. It just never, never leaves. I just sold a little bit recently because I need to finance a housing purchase for a investment property, which I'm going to put on Airbnb, just another one that we do. And I'll be cataloging that in subsequent videos so you can see exactly what I'm talking about. But I sold a little bit. I took out a loan for the rest of it, the loan against my cryptocurrency on Celsius. And I got a video about how I'm doing that. But right now, it's just not really moving. It's not moving. There's not really much to move because people are holding on to it. All that really means is that Bitcoin is being hoarded, which reduces sell pressure. That's really all it is. It makes sense though, right? If you're holding on to Bitcoin and people are like, I really want that, I really want that. Well, sorry. Okay, well, I'll pay more for it. Well, maybe. So this is from BitUniverse. And it goes to show you how much Bitcoin that each exchange actually has. And it's interesting to note that Coinbase is at 870,000, which seems like a lot. But you have to understand just a month or two ago, it was almost at a million. Huobi at 252, it was over 300K. Binance at 215, it was over 350K. So every single exchange right now is diminishing the amount of Bitcoin that it actually has because people like you and me are buying, they're putting in our wallets. And then there's also people like Michael Saylor over at MicroStrategy and other entities, which are buying the cryptocurrency and they're locking it up in their treasury and they're not moving it whatsoever. And I can sum up this whole article in pretty much five seconds. Michael Saylor is not going to sell, Michael Saylor is going to hold on to Bitcoin for at least a decade. That's all I got to know. All that stuff that I just said is all in this article. So let's look at numbers because numbers don't lie and they're the easiest thing to take a look at. So MicroStrategy now and through Michael Saylor, they have over or they bought over a billion dollars worth of Bitcoin and now it's worth 2 billion. So in four months, they are looking like geniuses because they double their money. I mean, can you imagine an outside company looking in going, wow, we have all this cash we're sitting on and it's just being debased because that Federal Reserve keeps printing out more money. These guys over here have a pretty good idea. They take all that money, they put it into an asset that is deflationary, that cannot be printed, that really solves a lot of our problems and it actually goes up in value. Well, we should do that. Same thing that Galaxy, Square, Hutt, Voyager, Riot, all these different public traded companies, they all do the same thing. Do you see anybody in the red? No, they've all made money and they all look like geniuses. You know what makes it looks like a real genius is coincidental. I don't know who they are, but they bought 184,000 and it's now worth 15 million. That's amazing. Then you have the private companies. Oh, look, Mt. Dock's. What a catastrophe that was. And then of course, we come down here and like ETF likes, you got Grayscale, which is buying up everything. They've got, man, they got 570. See, this is wrong. This is an old one. It says 570,000. They're close to a million. They've got a lot of Bitcoin. And then one of the companies that's not on here is PayPal, and PayPal is gobbling up an enormous amount of Bitcoin. So if we took all this together, right now it says 1.1 million Bitcoin, but it could be as high as 1.5, especially with PayPal and the mix. So when you have all these companies who are buying, buying, buying, and then people like, I need to buy this, well, sorry, we're not selling it because this is what we do. So all this stuff here, all these different things that we just went over as far as this Bitcoin price gap and the CME, it's just irrelevant to me. It's irrelevant. It's just a little blip on the road. And really what it is that signals to us is that, hey, we just got a flash discount and we can buy some more Bitcoin. So again, fundamentals don't change. Bitcoin is nothing that has radically been altered. It's the same type of thing. It's just that right now you're getting a flash sale. You're looking at Nike shoes 10% off. Bitcoin is almost 10% off and that's really what it comes down to. So that's it. And like we talked about, this 4.2 million Bitcoin in circulation is going to get taken off the market slowly, but surely all those different big companies are working with other entities like Micro Strategy is working with Coinbase and they're doing microtransactions to filter up or snatch up all the Bitcoin. So whatever me and you sell, they're slowly snatching up and just hoarding it. So my recommendation to myself because I can't give you any advice is to never sell or at least not sell for quite some time and take out loans if you need it against the collateralized cryptocurrency and use those for other types of industries. For me, it is for products for Amazon, for my Amazon business and it's also for investment properties and those are the two things that I'm focusing on right now. All right. So that is it for today. Also before I take off, just want to give a quick reminder that I'm still looking for Ryan Alchemist. Ryan, you are the winner of the Voyager $100. So make sure you go to danteachescrypto.com, click on the contact tab and send me an email with your information so we can get you all set up. Also Crypto T, you are the winner of the Trade the Chain membership. Mark Vazo, I've already contacted you via email. I'll send you out an email again today. Make sure that you pick that up. And then Daniel Verestegui, man, I think I butchered that. Don't forget that you are also the winner of the one-year Market Rebellion Trading Platform and Education Platform winner. So please reach out again at danteachescrypto.com. And lastly, Megabytes Mining Bar, you also won the Shield Folio. All right. So that is it for today. Thanks for watching all the way. And if you like these types of videos, too much going to pop up on your left and right now for sure, YouTube does magic and that is all. So thanks so much and I'll see you on the next one.