 Great welcome Israel asset news to get top stories in crypto and break them down into bite-sized pieces So today just the thumbnail suggests I'm gonna give a little analogy about Bitcoin and Nuclear nuclear power nuclear warheads and all that the positives and the negatives and it's become abundantly clear That's as I said in the thumbnail the story can cut both ways So we're gonna take a look at what's going on in the in the news Swift ban all crypto outcome the FBI and national security We're also gonna take a look at a little story about how an executive from credit Swiss is coming over to coinbase And I think there's gonna be more of that and finally we'll take a look at the bright side of politics because let's be honest Has it been too great so far and then at the very end. We'll do a little Q&A So hold your questions until the end but first let's take a look at what's going on in the market And also if you're here for live. Hey, thanks. It's a Sunday. Thanks for stopping by appreciate it If you're watching the replay there should be some timestamps underneath I think I forgot them yesterday. Sorry about that but there should be some today and Just know the news takes about 15 or 20 minutes and then at the very end the Q&A takes about it's five minutes And there's five questions in five minutes and it should be that so let's just take a look Very quickly about the market because it doesn't really matter the market is sideways I'm actually surprised it held up this far this well We'll see how it goes by tomorrow when the traditional markets open up, but right now $1.8 trillion, you know, it's not too bad. It's not three trillion but it is what it is and Bitcoin is down just a little bit everything's except for Tara. Everybody's just kind of everything's mostly moving sideways I mean 2.8% loss for polygon not a big deal 4% for near that's what that's what's happening. So Let's just talk about what is on everybody's minds, which is Ukraine I think there's a There's the issue. I think some people are getting into is Trying to deal with the things outside their sphere remember Try to deal and understand of what you can control what you can't so on on some level You actually want to take a look at the good news to and see if other people are doing great things And I got to tell you I got to tell you I will tip my hat right now to Elon Musk for what he did right here If you don't know this was from Mikhail Fedorov and I think he's the vice Vice Prime Minister of Ukraine and he says it looks man He's like before you go to Mars. Could you help us out, Elon? For whatever you can do especially with Starlink, you know, I must have yep Starlink service is now active in Ukraine more terminals in route. Why is that important? well, it's important because as Time goes on you're gonna see more loss of infrastructure because of the war and it is vital I think that we get some kind of information that comes out From that place because if we just go to zero and we have no idea what's going on Then we have to rely on the media and do you really want to rely on the media for exactly? What's going on in a war-torn area? Not so much So I think with Starlink as they get that over there and the terminals come on Then we can keep the flow of information that comes through also as far as good news This just can't just hit the wire about 10 minutes ago actually 45 minutes ago and it looks like the president of Ukraine The Prime Minister or of Ukraine and put in our have agreed to meet at the Belarus border to discuss Some things so that is actually very positive. Also. I found this very positive Ukraine army retakes Karkov, you know that Expelling Russian troops so things are looking okay, and then also as far as some good news This is a little bit selfish on my part. I must admit This is the we talked about this yesterday. This is the official Twitter account for Ukraine You should follow them. This is where all the information that I get from Ukraine comes from What's going on? I mean because the news can tell you so much, but come on and They said and they pin this Like they had different avenues of like if you want to help us out donate to this and this here's the banks Here's the routings. Here's anything else, but they did pin Just the crypto because I believe that they're getting a lot more As far as donations in in Bitcoin Ethereum USDT or and the things they're taking and also I saw a tweet where they're actually offering multi-chain So I linked this specific link in the description if you want to give to Ukraine It's up to you and this is what I was talking about, you know, you somebody said a very smart thing they said you can't help anybody if you're broke and If you were, you know, like, you know James over the best answers were trading on this day pretty good day And now you're able to give away funds So for me, I'll be donating all the proceeds from this last probably month for my coin from YouTube for this because it's not just what Ukraine needs now Like I said yesterday, it's what they're gonna need in the future as far as the refugees and the displacement and things like that So I'm gonna think about that, but let's go into the show which is It's it's tough to put together. So this Thumbnail that I have It's because when I was thinking about things it really has come to light just how powerful Bitcoin crypto and digital assets really are I mean, this is at the heart of some things a lot of things and when I say the sword cuts both ways It's the positives and the negatives. So I want to take you down a little bit of history trip so Look the first NERC nuclear explosion was in July 16th 1945 in New Mexico July 16 1945 so long though, right and then just less than a month later You had a bombing of Hiroshima pretty awful destructive force. No one can deny that very awful on the flip side of that Within 10 years there was a nuclear power plant up and that created a ton of Usable energy for a large population and actually the first one was in a Minsk in the Soviet Union June 27th 1954 so what does it all come down to it all comes down to a Couple of things that's going on right now globally crypto digital assets where these things all go and I think right now I mean you if you thought that the SEC coming down on the ripple was a big thing I think this is the bigger issue right now about what crypto can be And I think it's gonna come out on top. I'm gonna tell you why so first up There's this whole thing about Swift and you understand what Swift actually is I know some of you know what it is a lot of you know what it is Which is rare. I'll be honest with you because in in the normal society no one ever is like swept I don't know what it is. I go and I transfer money and I go some place and that's it I go to my bank a little well as far ago. They do their thing and that's it inflation I don't know how that works Fed reserve. What is that? It's federal. No, it's not. I have no idea So let's just break it down for anybody who may not know Swift or the Society for Worldwide Inner-Bank Financial Telecommunications. I love how they said this Think of them as the Gmail of global banking also is a messaging service. That's all it really does It just says hey, you got some money here. You want transfer over there? That's the message. Hopefully it makes it, right? It doesn't always I think it's like a one or two percent latency. It doesn't actually go through But that's Swift. It's been around since 1977 Bankers use Swift to confirm orders payments and trades among other things European countries use it to pay Russian companies for oil and gas sure and Cross-country money transfers to pay bills or send money And that's why XRP was supposed to be the big thing because it was going to eliminate those types of things in all the different transaction fees So what's going on? The global community Moldemado and some other different organizations and countries they want to block Russia using Swift, but here's the hold up blocking Swift in Russia Could actually hurt some European countries particularly German Italy without Swift It would be harder for these countries to buy much needed Russian oil and gas and others argue that cutting rich Russia out of Swift will just thrust into the arms of alternative messaging services or crypto So here's the thing first of all all this oil and energy talk you have to understand that the two biggest producers This is from 2020 Bails per day US Russia Those of the top two and I don't need that yet Saudi Arabia Canada Iraq China so on and so forth right which if you're gonna cut out Russia That's a large producer of Energy barrels and things like that. So what's going on? Well, this is what's going on So right now as of 12 hours ago us and you agree to cut Russian Bank out of the Swift financial system as Part of the transactions. I didn't think they were gonna do it, but apparently they are so US and European officials made clear that they are still working out the mechanics of how to implement the latest measures But intend to spare Russia's oil natural gas. So they're gonna try to do this But they're like, well, maybe not oil natural grass. It'll come back to crypto in a second. Hold on If fully carried out as planned the measures will severely damage the Russian economy and Constrain its ability to import and export goods. Here's the thing They want to try to also restrict the central bank restrictions or put those in place And target access to more than six hundred billion dollars in reserves That the Kremlin has at its disposal and are meant to block Russia's ability to support the ruble as it plunges in value amid tightening Western sanctions. Here's the thing We're gonna talk about this in a second Analysts warns of regulatory risk if Russia is able to use crypto to evade Sanctions remember they said six hundred billion. That's a lot of money. That's a lot of money. That's just in the reserves the entire market cap of Crypto is 1.8 trillion and slipping I might add so even if Russia wanted to avoid they could avoid some if they really are Wall number three and and accumulating a massive amounts of Bitcoin, but for them to avoid everything I mean, that's how it's going to work. Even though they did fast track What was happening with crypto? So here's the thing and here's the problem and here's where it comes down to sword cutting both ways and nuclear Crypto faces regulatory risks if used by Russia to evade sanctions We see how great Bitcoin can be take a look at El Salvador Take a look at what could potentially happen in Venezuela and Turkey and all around the world and also for admittance and Lightning Jack Mahler's and everything else and also take a look at How it could help hold up as far as a store of value versus gold. It's pretty great on the same side people are worried that Just like nuclear power it can destroy thing or it can build up and actually have a great power source It can destroy things and Putin is going to use that to all these transactions I don't think that's how it's going to work And I think once we prove that then all of a sudden I believe crypto digital assets will be on the fast track for Regulation, but here's what's going on We believe Washington is worried That Russia will use crypto to evade sanctions Cowan Washington research group analyst Jared cyberg said Friday, but he makes a point That's a good point if Russia is able to use crypto this way Then we believe political support in the US for crypto will fall and regulatory risk will rise So before you just poo poo on that and just say there's no way that can potentially happen Couldn't it Couldn't you go around it? Couldn't you use these for sanctions? I haven't talked about this for quite some time actually I think there's an issue there and we're gonna talk about right now But in all honesty there is a way around those things with crypto digital assets But there's a way to combat that just like with nuclear power and nuclear warheads So to finish this up cyborg cyborg Believes that since most global trade is still dollar denominated. That's the great thing about being the US or being the world reserve currency It could be challenging for Russia Russia to use crypto to evade swift just asked Canada and what happened over there paying in Bitcoin requires a conversion to dollars which provides a way to track activity This also works in favor of crypto It also works in favor if you're trying to track illicit activity drug users smugglers money launders And the like that's just my that's just my opinion pretty sure it works out like that The government could track evasions using block change. This could be the crisis that this is the crux of the whole Articles I was leading up to this this could be the crisis that determines how the government treats its use For payments that is a store of value Crypt in the gel assets pressure would be on the trading platforms and wallets. This would not just I think more exchanges This would not just be in the US We expected also applying the UK EU and the Western allies in Asia and it makes a ton of sense And it comes down to like this just happened a week ago FEI sets up cryptocurrency task force. They were actually able to claw back That's a hack that what it was correct me in the comment section But they were able to look at on-chain data analysis and figure out where the hacks were and this is I believe While they do these types of things because you can track wallets like crazy. Also, remember that's a wormhole hack People were able to track that down just by on-chain analysis So it's pretty easy to do be trying to avoid sanctions and also if you want to do illicit activity Where would you want to do that? Would you want to do that in Bank, Swiss? Or would you want to do that on the blockchain? We'll get to that in a second and I think this also is why this just happened. What was this a month ago? Biden labels crypto and national security threat. I think they knew things were coming out of the pipe I think they knew where things were going I think they were trying to head it off because it's just a big chess game anyhow, that's what we have For that piece. I know it's a little bit lengthy, but if you kind of look at it in the right way Bitcoin and crypto I never kind of saw it this way, but it's it can do massive good I mean we knew that but there's a flip side of that But even though there's a flip side like we see with with nuclear power and more heads and things like that There's a way around those when used responsibly anyhow, let me just think about that in the comment section speaking of credit Swiss Let's talk about this article So an executive leaves Goldman Sachs for Coinbase. That's great time to embrace crypto create economic freedom This is very fast. Don't worry Roger Bartlett was a managing director and global co-head of operations for global markets before that He was the global head of operations for equities for almost five years Jordan Goldman Sachs. He was vice president at credit Swiss for six and he states after 16 years at Goldman Sachs It's time to embrace the crypto economy. I'm delighted to announce that next week. I'll be joining Coinbase to run global financial operations I got to tell you I like this guy. You know why? Because he was a part of credit Swiss and those are the guys that know how to do some dirty things not that they out They're all dirty. I'm not saying that I'm just saying that this was just Six days ago credit Swiss data leak reveals decades of shady clients and activity Leak data shows that until recently Swiss Bank credit Swiss held accounts valued at more than a hundred billion for sanctioned sanctioned sanctioned individuals and heads of state Reportedly accused of money laundering the New York Times reported on Sunday that the data leak included more than 18,000 bank accounts The data goes back to accounts are open from the 40s until 2010s, but not current operations so not current Yeah, sure and I don't know what to say about that one that is If you're looking to do things Look to the banks because they have the ways around it because I've been doing it for years anyhow That was just a little spot piece. Let's just go on to a little bit of some positivity Shall we the bright side of politics? Well, at least for the US and what's going on? So this was a Teddy Cruz Ted Cruz was He was on stage. It's a the conference Public and conference or something like that and he said he's bullish on Bitcoin because it's decentralized and uncontrollable Careful what you wish for right He added that China recently banned Bitcoin because they can't control it, which is the exact same reason Elizabeth Warren hates Bitcoin So look, there is some positivity here And I just wanted to show you it's a little bit of context that you know, there are some politicians that Kind of understand what's going on with crypto and Bitcoin digital assets But of course they will yield that in the way that they can to discredit the other parts There's politicians and they're all dirty in my opinion, but that's what's going on. So look I just wanted to show just throw out some quick information and That is it for today's news. So if you want to take off, it's okay. It's Sunday I'm sure you a lot spend time the family church all that great stuff great Give it a thumbs up if you liked it give it a thumbs down if you didn't but tell me why so maybe I can fix it next time Then I consider subscribing me if you're here already muzzle subscribe and let's go into the little Q&A Shall we see what's going on? Hopefully I can answer some questions. So if that's it. I'll see you. Let's start. Well Thanks. Thanks bridge bridge. I appreciate it Let me hide this so I can get this. Okay. There's always a delay. Sorry This is like a 30-second delay between now when I actually get the question. So sorry No nuclear power to current tonight. That's true. Greetings from Ecuador. Hey, Rob Hey, Rob. Thanks question number one. Hey, Rob. Thanks for your time. Especially on Sunday. Yeah, I Probably should have skipped today especially on a sunny warning what you think about the decline in uniswap price defined journal I think the natural progression will be from centralized exchanges to de-centralized exchanges or dexes I don't see centralized exchanges staying afloat forever But you have to understand if you're gonna do regulations you need to centralize exchange Because that's the point of failure where you can shut things down. You saw it in Canada and even Jesse I Won't say Jesse Owens Jesse Powell the CEO I'm cracking said hey if you don't want to have government interference Get yourself a cold storage wall and use that because if they come to me I will shut you down and he said that and I have to I Have to commend him actually Ah That I missed the bet is not does I mean just There is bad news and good news all around and again It's all about like every morning. I said the same thing on Twitter and I say here's to a great day You know here's to her, you know, I feel a great days come on or whatever I say It's always about the great day and today I had to make a crystal clear. I was like here's to a great day Even though half the world's on fire Try to control what you can control within your circle and be content with that. That's what it is Because if not, it was burn up alright Bridget says I'm in Cam not exactly what the government has done wants to do regarding the only thing I heard is they asked one exchange for customers info or basically told to stuff it. Yeah, pretty much well them and then the The Ontario I would say that wrong legislative Court or something like that they reached out to the Mounted police and said hey, there are these American exchanges and they are telling people to use these Wallets we don't want them to do that in their life. Tell you want us that we can't do anything But yeah, and I heard that they arrested some people that's where I mean But honestly, there were pretty some pretty bad people over there So I don't know if it's one exchange or a couple of changes But it is what it is and this it just goes to show you where things could go So they can go to extents like a change and said hey shut it down. I mean Even one of our exchange CEO said I probably do it or I would do it so The great question question number three how much does it cost to be a gala node operator? I think right now it's about $90,000 correct me in the comment section, but that's how much someone said that they paid for a gala To become a gala node operator now things have changed because prices have decreased, but no roughly Maybe 70 on a good day. I don't know great. I'd love to go to Iceland I'll be in London on May Question number three. What do you think? the UE this is And it's the EU European Union trying to pass a bill to ban crypto I think it was the it wasn't the EU is the European Union Parliament, which is the legislative body of the European Union and They came out and there was a leaked document that said that they wanted to Get rid of or ban proof of work cryptos because of well, they said it was for the ESG issues, which is the Environmental issues, but I think also there was a problem with Energy because right now with what's going on in Ukraine and and that's gonna boost up the price of oil So if you're trying to get you know and energy and gas and things like that It's gonna be a little more pricey. So maybe you don't want a bunch of people running a bunch of Bitcoin nodes So I think it was the the bill was supposed to come through and for a vote on February 28 I think 28 27th and they delayed it because there was all this talk about they were trying to the wording look like they were trying to ban the proof It works. That's all that's all I know. I think it's what I'll let anybody knows right now See, it's a loaded question question number four. What do you think the implications are for Ukraine? Accepting digital assets. Well, if you look at the transaction volume, you know, let's try something. I Don't know if I can Me see Do-do-do-do Now it'll take too long, but what it is is you can Just won't take that long. Let me let me show you something Let's see. We go to blockchain.com. You just use just type in the actual address, right? Let's see. Holy smokes. You can see how much is in there Here's the address. There's this many transactions. I don't know if you can see that that well You can see total cent the final balance and I believe somewhere you can see the actual Price for each transaction I can just tell you like somebody sent like a boatload of Bitcoin and When they did that it was like 18. I think it was like over a million dollars of the Bitcoin And it was like 18 cents or something like that. So how do I see it? what I see right now whoops what I see right now is They have the things that they need all for the most part. I'm not on the ground obviously so feel free to correct me But I think the bigger need is going to come later on for the refugees because those refugees Everybody's trying to get out not everybody But there's a mass amount of people trying to get out of Ukraine unless you're a male between the age of 18 and 60 I believe that means that when you go out there You are displaced well How do you have shelter and food and water and maybe it's just you or maybe it's you and your kids Or maybe it's you and your grandparents How do you support all those hundreds of thousands of people out there? The refugee issue is going to come to a head and that's where you're gonna need a lot of manpower a lot of supplies a Lot of money. So if you're if you're looking to donate that'd be probably the thing that I would go to All right There are so many bots here. Yeah, maybe There's one more where did it go? Oh lord, I didn't want to get into that Ah so Last question. I gotta get out of here. I'm late What what you invest in now if you had a lot of dry powder? I don't have a lot of dry powder, but I can tell you what I invest into every single day I just dollar cost average. I Don't know if you've been on the show, but that's pretty much it and If if we would have seen I Thought it was gonna go down further, but it didn't but I just let my daily buys Execute on Voyager. There's no emotion to it. Just buys. So it buys Bitcoin Ethereum chain link Cardano Luna I didn't buy any Solana There's something else. There's actually two more gala. I was one of them and there's something else And it always just just executes I just buy it every single day So I don't know if it's gonna go up or it's gonna go down, but I think I Think in like five years three four five years. I'll probably do pretty well I mean, that's just financial opinion on financial advice. Don't follow me But it worked out pretty well in 2017 when I was buying Bitcoin at well actually 2018 When it because 2017 I was buying Bitcoin at like 12,000 I was okay for a while, but then I said then I buy Bitcoin like 5,000 7,000 8,000 I wasn't too bad Now I was buying a theory around 500 406 is still pretty good and then of course I was buying Cardano with seven cents and eight cents man So yeah, I mean over time it kind of works itself out. I'm but not all the time Take a look at salt like I call say the dash of salt if you Invested in a salt when it was at all-time high. It's like 15 bucks Now it's like my sense if you invest it into dash at an all-time high It was quite a bit and it hasn't reached its all-time high or near that in some time So you could a dollar cost average, but you'd be underwater again No matter how long. All right, so that's it. So look I gotta keep going So if you liked today's video, give it a thumbs up. You didn't give it a thumbs down Just tell me why in the comment section say then suck because whatever else great I'll fix it and that's it for today. So thanks so much for stopping by. I appreciate it And I'll see you on the next one Adios