 Welcome to Jalassette News to get top stories in crypto current digital assets. And we're going to get on a bite sized piece of today. We've got some pretty interesting things. First up, this is from Cointelegraph, the magazine, and it's titled As Money Printer Goes Burr, Wall Street Loses Its Fear Of Bitcoin. This kind of takes a look at what's going on with the institutional market and where things are headed. It's a pretty well written article and there's a lot of different pieces to it. So we're going to dive deep. Also, a Texas man, allegedly, used over a million dollars in coronavirus relief funds to buy cryptocurrency. Probably a pretty good move as far as an investment goes, but really bad move as far as legal before we can do that. Let's take a look at what's going on in the market. So today is tax day, July 15th is 9 20 Nebraska time. I'm actually in Nebraska visiting family. And that's why I haven't put out a video in a couple of days. So let's see what the heck is going on. So first up, Bitcoin is Bitcoin. 92.24 hasn't moved much at all. Up a whopping 0.4 percent, 24 hours. Ethereum, roughly the same thing. That is Tether, XRP up 7 percent for the week. That's pretty good. Bitcoin cash is at 0.0. Cardano, making a massive run into that number six spot. So congratulations, everybody's holding on to Cardano up 12 percent. Almost at going up to maybe 0.15. Who knows, Bitcoin SVs, whatever. And Chainlink over 24 hours is up 16 percent. On seven day, it's at 51 percent. I think it's going to hit ten dollars pretty soon. Now, remember, what goes up must come down. So don't fumble into this one. If you've been following the channel, you know that I'm a big believer in Chainlink and I bought it a long time ago. Maybe now is not the perfect time to get it, but that's up to you. And everything else is pretty much the same. Taze was up 6 percent, 7 percent. VeChain, the massive run, 9 percent, 12 percent for the week. And it's almost going to hit that 2 cent spot. And the rumor was, I had actually teased this, this was sent to me by a subscriber and they had said that there's a rumor that VeChain is actually partnering up with Apple for on-chain analytics and tracking. So we'll see if that actually pans out. You know, rumors are good for price action. And when they're actually proved true, it can be even better. So we will see. Anyhow, let's jump into today's stories. Before we get that article about the institutional investors, I want to say that I've been getting a ton of emails from eToro. Apparently a lot of different people are adding them, adding me or then digital asset news to their watch list to follow my trades, which I think is hilarious because I don't trade. I'm an investor. I don't, I don't do any trading. I don't do swing trades, long term trades. I just, I just buy and hold essentially. So I was, I was wondering, I'm like over the last two or three weeks, I'm getting more and more and more of these. I'm like, what the heck is going on? So I had to take a look at my actual eToro account. And what it has is actually, I started off with eToro months and months ago. I don't use them anymore. I'm heavily disappointed in their customer service. It's just awful. I've lost some money and I don't know where it is. And it's been taking me, it's taken me over, you know, over a month for them to respond and they still don't have an answer. So I don't know what's going on and I cannot recommend them. And if you've taken a look at my exchange on wallets, Google spreadsheet, this is everything that I use or have used right now. And you can take, you can find the link to this in the description of every one of my videos. It looks exactly like this. And you can see here, like everything from the, from the fees, selling fees, the conversion rates, the staking fees, loans, how much it costs to fund different things as far as like for crude interest. So everything you want to know is pretty much right here. And it's a, it's a comprehensive list, would say. But you can see why I only recommend Coinbase for an off ramp, Gemini. I was using pretty heavily. Now I'm not, now I'm actually using my two favorite one, two punches, Voyager to buy everything because it's no fees. And Celsius to to accumulate interest because it's just fantastic. And it works. That's what that's the big thing. But on here, I think over here in the last row, E-Toro, I pretty much say why I do not recommend them anymore. And it's a trading platform. So if you want to take a look at that in the story, then it's right there. But I cannot recommend E-Toro in any way, shape or form. Anyhow, the question I have was why was is everybody following me as a trader? I'm not a trader. I took a look at it and I had bought Ethereum. I bought one and a half units at one hundred and seventy three dollars. So I'm actually up thirty six percent as far as profit and loss. But Cardano was the big winner here because I'm actually up one hundred and sixty three percent. I bought Cardano at less than a nickel. And right now we're we're coming up at the almost thirteen cents. So when you take a look at E-Toro, just be careful because like I've allocated a whopping five hundred and fifty dollars and my profit was five sixty nine. So I mean, I'm a pretty big for just these last three or four months. The thing about E-Toro is that you can copy traders that have and it's mostly just by by percentages gained. So I understand why people are doing it. They're looking at me and going, oh, wow, this guy must be a genius trader because he's up so much. No, I'm an idiot. I'm actually, yeah, I'm a moron. And all I do is just, you know, invest and I just do a slow push. So E-Toro like here is Maddie Greenspan. And if you just don't know him, he's he was big with E-Toro. I think he was not a member, but I know he used to work for them. Now he does quantum economics and for the month he's up a whopping eight percent. We can change that to three months. He's up sixty one percent over and over six months, excuse me. He's up forty six percent. So there you can take a look at, you know, a trader is a trader, right? They can do whatever they do. But I mean, to me, I just don't understand the whole process. Like, just invest, dollar-cost, average and everything works out. And actually take a look at, I'm like, well, if Maddie Greenspan, who is like a super gray trader, you know, how's everybody else doing in the E-Toro space or the top trader? You can take a look at all these different people that are on here. So like, I don't know who Kayfish is, but I guess he's one of the best ones. He's got negative one percent for the for the yearly return. This gentleman here, Crypto Kevin, twenty two percent for the year. Great. Maddie for the year, thirty seven percent. I don't know who this is. This cool Christ. Sure. Three percent. Here's Data Dash. She's up a whopping almost two percent. And here's a guy who's down forty percent as a trader. Business school. Great. So the thing is about with E-Toro, like, I mean, all these guys, I'm sure they do not trade on E-Toro. I'm sure they if they do do a little bit of trading, they probably did it for a while and they jump ship to something else better. That is better customer service and just better overall. So if you're looking at like Data Dash hearing like, wow, what an awful trader. I'm sure he's a much better trader on other platforms. But if you're looking at this, you're like, wow, this isn't so great. So again, if you're following E-Toro, just be careful. It's not about the percentages. I mean, look at me. All I did was just just invest slowly and I'm up like over a hundred percent, which kind of leads me to my last point, which is, you know, if you everybody knows on this channel, not a big trader, but, you know, I mean, if you want to trade, that's cool. We do what you want to do. If you want to do like 80 percent of best income, percent trading or 50, 50 or 70, whatever it is, you know, whatever floats your boat. Fantastic. But just be careful of all the people out there that are so many courses and, you know, do this with me because I'm an awesome trader or everything else. I don't think that, honestly, I mean, some I don't think the traders really divulge all of their fees and everything else that they say makes them so hugely profitable. Right. I mean, we're just going by somebody's, you know, what they say. And sometimes that's not worth the paper it's written on. So like, I will just tell you this, like I'm a small business owner. One of my businesses is an Amazon online business. And when I first got into it, I actually, I thought I was making a ton of money. And then when I took, when I added up all all the fees and, you know, the selling items and the storage fees and everything else, I'm like, wow, I didn't make that much at all because you have to look at all the different fees that you have. So like all these people that say like, oh, just trade with me, I'll make this much money. Just be careful because if you add up all the fees that are out there, sometimes you're not making squat. Anyhow, let's move into today's top story. So first up, Cointelegraph has a magazine. Great. And they get to put together like a couple of stories weekly. And this one was it was written by Andrew Fenton. Who's Andrew Fenton? And he's based in Australia. He's a freelance journalist and editor covering Cryptocurrency and Blockchain. Worked as a national entertainment writer for News Corp. Australia, a film journalist in the Melbourne Weekly. So I don't think he's got like a super strong type of background in the financial industry. But what he talks about here is still relevant and he's got a lot of good sources, so let's just dig right in. So the first part, and I go over, it's kind of boring. Second part here is where he talks about sea of change on the Wall Street. And what he's going to talk about here is how the sentiment is changing on Wall Street and institutional investors are coming in, which is the same thing we've been talking about on this channel for months now. And I can see it and he just gives specific references. So I want to talk about it. So first part here, he talks about Nathan Montone, co-founder of M31 Capital, lives on Wall Street, right across from the stock exchange. 27-year-old who started trading Bitcoin in 2011 also noticed a big shift in attitudes. He says, it's crazy how fast opinion is changing. Until very recently, it's been the case that if you talk to any traditional investment banker or anyone in private equity, they'd really be saying things like, hey, get that internet money out of my face. Or I remember that from 2017, isn't it dead now? And I got to tell you, it's the same thing. When I talk to friends and family and acquaintances about Bitcoin cryptocurrency, like, oh, Bitcoin, I remember that thing. Wasn't it like 20,000? I mean, they'll always get that number right. And they'll say, it wasn't about 20,000, 2017. It's like nothing. You're like, well, you know, yeah, it actually took a big dip just like everything else in the stock market. And yeah, but right now it's sitting around 10,000. So it's actually the best performing asset class of all time. And it's being the target of the S&P 500 and the Dow. So if you want to go over there and invest your money and make, you know, I don't know, eight, 13 percent, go right ahead. But if you invest it in March, you'd be up 300 percent. So stick that in your pipe and smoke it. Anyhow, so moving on. He states, my cap table is full of angel investors. And there's some guys that years ago would have thought Bitcoin is like a toy or scam. Now they're actively reaching out and asking, hey, tell me more about how Bitcoin works, can you send me a couple of research papers so I can get up to speed and understand it more, which makes a lot of sense. And then he states here, part of the appeal is getting an early on an emerging asset class like internet stocks in the 90s. But he agrees with Montonatois that a major catalyst is a loss of faith in the system. We can see that right now with quantitative easing and a different volatility in the stock market per se. And there's a big disconnect between the actual stock market and the economy. And we have a massive amount of unemployment. Small businesses are closing at a rapid pace. However, the stock market just seems to go up. Doesn't really matter, which is exactly what he says here in the article. He says, everything's overvalued. Real estate is overvalued. Bonds are definitely overvalued. Equities, everything you can think of. I think the biggest catalyst for that is printing trillions of dollars. This feeling that people increasingly have that maybe their US dollar are not as safe as they thought they were. This is the exact same sentiment. There was a podcast unchained and they had Mike Novogratz and Raoul Powell and the moderator said, what is going to be the catalyst for Bitcoin? Is it because of quantitative easing and the potential interest rates or hyperinflation in the poor economic policy? And Mike Novogratz said, bingo, that's exactly the big use case right now for Bitcoin, because people are worried about the monetary policy that is being set forth by the United States and globally by the central banks. People are individuals and corporations and the central banks themselves are just printing money like there's no tomorrow. So we don't know what's going to happen. But Bitcoin is that, as it's called, Schmuck insurance by Schmoth, Peli Hepataya, and it makes sense to me. Moving on to states, that's really driving the narrative and it's causing people who didn't take Bitcoin seriously three, four or five years ago to say maybe, hey, let's invest 1% or 3% or 5% into my portfolio. And that's what I've been saying the whole time. I mean, I don't understand why you can't have financial planners talking to their clients and go, look, Pete, there's a lot of volatility going on. We've got a lot of problems. Why don't we set aside like 1% to 5% of your portfolio and put it into this new emerging asset class called Bitcoin or Cryptocurrency Digital Assets. And as a matter of fact, it is the best performing asset class of all time. And I'm going to illustrate this point perfectly in this video, which talks about the investment of the decade. This is actually one of the videos that I put out three or four weeks ago or so. And just take a look at the top performing ROI over the last decade. And you can see like all these things, Visa, Google, Amazon, Apple, the big companies that are out there, Netflix, Lululemon, who would have thought, and Domino's. I mean, this is like over the last 10 years, how the return investment has been. So I'm going to speed this up to the 2013. You see this little thing called Bitcoin, and all of a sudden it's going to shoot all the way to the top and get into the thousands, which is pretty amazing, right? And when you're thinking about it, like all these different people that they're talking to as far as like their clients, why wouldn't they just say, hey, over the last decade, this isn't a flash in the pan, this isn't like the tool of bubble, which lasted for a very short amount of time, which is so stupid. I hate to hear that thing. We're seeing in a massive amount of return investment if we just invest into something called Bitcoin and only Bitcoin. I mean, there is what they would consider all coins into something like, oh, I don't know, a little thing called Ethereum. And that actually is doing pretty well, too. And then also there's other things called Chainlink and Cardano and XRP and Tomato Coin and everything else that you want to think about. And those are doing exceptionally well. So we can still invest in the S&P 500. But if we just do one to five percent and everything works out like I think it's going to work out, it could be the best performing asset that you have in your portfolio and we can mitigate a lot of risks. And not only that, as time goes on, this five percent could be the real moneymaker out of the other 95. And I'm moving on. Alfred says sophisticated investors aren't looking for an altcoin to moon. They want limited exposure to a risky asset as part of a structured portfolio strategy. You say it's my friends are reaching out because they know I can put it in context because I don't want to talk to somebody who just says 100 percent Bitcoin, which makes a lot of sense. When I'm talking to people, I don't always just say, you know what? You should put all your money into Bitcoin right now. Take it all the stock market and put it into Bitcoin. So it's the only that's going to last. That just sounds ridiculous. I mean, how many times have you heard, don't put your eggs in one basket? So we're not going to say those things to all these people. So I think it just sounds a little bit more level headed just to go, you know what? You know, one percent to five percent of your portfolio just to, you know, kind of get them in. Think of it like a, like a gateway drug. You know, you don't want to just say, hey, go all in on this, you know, just say, hey, you know, slowly get your feet wet and then you can learn about it. And I think the more people learn about Bitcoin, which I think is Bitcoin's a gateway drug to all altcoins. Once they get into that, then they start to think about, oh, what's this Ethereum? What's a smart contract? Oh, what's an Oracle? What is all these other things that are out there? Maybe I should take a look at this and, wow, look at the impressive gains. And before you know it, they're all in. So I think don't scare people off. That's just my philosophy. Don't scare people off. Just give them the information that they have, let them learn on their own, and it usually should work out OK. Moving down the increasing interest from the top end of town is not just anecdotal. Institution-focused crypto asset manager Grayscale Investments has seen assets under management grow by 250% just this year alone to 4.1 billion. And we had actually taken a look at this in their Q1 report. And what's interesting to know about this one is that this was put out in April after the Q1 and the assets under management was 2.2 billion at that point. Remember, this is April. Right now we're talking about middle of July. And what they have going on now is it went from 2.2 billion to 4.1 billion. That is a massive, massive gain in a short amount of time. And just says to me that, hey, people are here and they want to invest. Anyhow, a fidelity survey of 774 institutional investors, including pension funds, family offices, investment consultants and hedge funds across five months to March. Found out 36% already had exposure to crypto. Europe leads the way with 45% with US to 22 to 27. And Fidelity's Tom Jessup noted this. These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class. And only makes sense if you're a financial planner. I think it is advice or investment advice, malpractice to not talk about, not even just to not even talk about Bitcoin. Let's go look over the last 10 years. I mean, this has outperformed everything. That's the 500, the Dow, oil, gold, stocks, everything you think of. It is outperformed. So I'm just going to give this information to you and you can make a decision. But I think one to five percent is a decent amount of money. Imagine if every single financial planner said that to all of their clients. And let's say they didn't do five. Let's say they all did three percent. We would have a multi-trillion dollar market cap easily within months. It would just be that simple. The problem is they're not doing it because they don't have. First of all, the regulation is in place. Second of all, it's difficult for these institutional investors to actually put money into the cryptocurrency asset market because there's all these different hoops that they have to go through because that's how it works. So as time goes on and the roads are the tracks already been laid, I think they're going to actually find a nice little in-road and we're going to see a nice little pump. And yeah, moving down, moving down. This is going to sum it all up. It's called Arrival of the King and it states, well-known adopters from additional finance like Mike Novigratz, Tim Draper and Raul Paul have recently joined Paul Theodore Jones, the founder and CEO of Tudor Investments. And I know that we've talked about Paul Theodore Jones more than once on this channel. But I think it's interesting to note about why it's so important that Paul Theodore Jones got in and states the 65-year-old billionaire hedge fund made his fortune predicting and shorting the 1987 stock market crash. So it's telling that in the midst of this year's financial crash, he chose to allocate one to two percent of his assets to Bitcoin. Now, granted, it is Bitcoin futures, but it is Bitcoin and he believes in it. And he states, when I think of Bitcoin, I look at it as one of my tiny part of my portfolio, but it may end up being the best performer of all of them. I kind of think it might be, he told CNBC. So in one of the world's top macroeconomic traders says he finds the inflation hedge narrative of Bitcoin compelling, yours perk up. Monetone says, Jones announcement marked a coming of age for Bitcoin. By publicly announcing he's buying it for himself and for clients, you know, if you're a fund manager who is thinking you get fired for doing it, you can now always point to Paul to Jones and say, hey, he did that and that guy's a legend. So we're going to go with that. It's a career risk for traditional investors who are interested in the value drivers behind Bitcoin and scare assets, but don't want to get fired for pitching it. And that's what's going to happen. So last two things I'll say is this. Last time we broke that story about Paul to Jones, there was a couple of comments that would say, hey, you know, Paul to Jones, the only reason that he's actually saying that he's getting into Bitcoin is so that everybody can come in and he can short it and he can make a ton of money. That's the only reason big investors will say those types of things. I was like, no, it could be a point. But I thought about it and it seems like we're going the opposite direction. I think that maybe he told everybody his position so they would all come in and join him and actually get into Bitcoin and push that price up. I think you can make pretty sure he can make money either way. And there's more of an upside to Bitcoin, especially if all of the different financial players come in. So that's what I think. All right, let's move on. Last up, Texas man, not me, allegedly used a million dollars to buy crypto, which is pretty, pretty funny, actually. Texas resident was charged by the U.S. attorney, a study server Texas on July 14th, just yesterday. Allegations suggest and he always had to always have to say suggest because he can't say that he's guilty until proven guilty that he fraudulently filed loan applications for one point one million through the PPP at a paycheck protection program. He claimed he was seeking COVID-19 relief, but actually used it to purchase crypto. So according to the allegations, this guy made false statements to financial institutions. He claimed that our gyres committed wire fraud by establishing a scheme to file the applications to the SBA. So what essentially he did, he filed coronavirus relief applications on behalf of two companies named Texas Barbecue and Houston Landscaping, just where I live. He falsely claimed that both businesses had numerous employees and hundreds of thousands of dollars in payroll expenses. Now, if that was true or not, not for sure. But what happened was the money they received for both of these companies, he actually went into Coinbase and bought a ton of cryptocurrency. Unbelievable. So all I'm saying for this article is that is this, if you don't think that big brother knows exactly what's going on, whether that be a large amount of money or a small amount of money, you need to think again, because everything is being reported to the IRS and that's especially in the US. Now, throughout the globe, in different parts, I still believe it's the same thing. You still have to go through the Anti-Money Laundering Act, the KYC. That's why when you sign up, you have to upload your picture ID. So nothing's really changed here. So I'm just telling everybody, this is just a PSA, just to be careful, because if you've invested, just know that your government knows. And if you're in the US, just realize that taxes are due today, July 15th. And if you are filling out your taxes and the first question comes up, which is this, at any time during 2019, did you receive sell-send exchange or otherwise acquire any financial interest in any virtual currency? If you say no and then they go to any exchanges and you've got something on there, I don't know what can happen. Honestly, I'm not going to work for the IRS, but I can tell you from someone who has been audited in the past, you don't ever want to go through that. So I'm just saying that you might want to actually say yes. Now, if you have any problems with your taxes, just use what I use. It's called CryptoTrader.tax in the description of every one of my videos. There's a link that looks like this and allows you to get 20 percent off. And you can you can pour through spreadsheets. I mean, if you've only got like five or 10 transactions, then just do it that way. It's simple, right? But if you're like me, who's had a ton of different transactions, I bought a lot of cryptocurrency since 2017 and I want to go back and make sure that I'm good to go, then you're going to definitely want to use CryptoTrader.tax. Because when I did it, I set it all up and within 30 minutes, I was done. And I sent it over to my accountant. She took a look at it. We took some losses in certain parts because there was a thing called loss profit loss harvesting and worked out pretty well. So real quick, I'll just show you, I'll show you my account. Let me log in. There's me. I'm going to sign in. First thing I'm going to do, I'm going to select exchanges. So I got Binance, Coinbase, Coinbase Pro and Huobi. Yeah, Huobi. What are you going to do? I'm going to click Next. And then for each one, it's going to have you put the API key in. And then all you got to do is just if you don't know where to get that, just read the guides for each one. Like Coinbase, all you got to do is just log in. It's pretty awesome. And then once you get all that, you click Next. This I leave to the default because it just makes it easy. And then these are, it pulls in all of your, all of your different buying and selling and trades and everything else. And I've got 579 items. That's a lot of stuff. And I went all the way back to 2017 because I wanted to make sure. And just so you know, it says Missing Data has been detected. So out of all that 579, this is what they couldn't find. Four. Four different transactions. You know why? Because of Huobi, Huobi sucks and they won't give you my information, which I don't really care because all they did was I just clicked on Invite Your Tax Pro. And I just, it just has you put your email in for your tax professional, your CPA and they review it and then off you go. So she already told me what to do. I'm good. And then you just click Next. We'll create a report. And there you are, 2017, 18, 19 all done. And that's it. So if you have any problems, just reach out to them. They're pretty good. I love it. I use it. I trust it. That's the big thing. And I just want you to not have so many headaches. All right. That's it for today's video. So thanks for sticking with me. I really appreciate it. Just so you know, I want to say thanks to all the supporters out there. Level ones, which is as of this month is all there is. I got away with a level two because level two is giving individual shoutouts and just taking a little bit too much time. So level ones, thanks so much. It's a tip really. It's like a buck 99. So thanks everybody. I really appreciate it. Level twos, they paid a little bit more and I'm just going to tell them, don't pay me just buy more crypto. That's the best thing I can tell you. So thanks to All Right Soft, Wynn Mullet, myself, who else? Dave Plummer, Grant Sharman, Bruce Wood, Baking Benjamin, Noah Flippin, Vegas, Martin Lewin, Michael Ralf, William Howell, Crazy Crypto Connect, Tessie Rivas, Aki Pazip, Trock LLC, J.C. Durex, Matt Slack, John Miller, The Office, L. Murg, Michael Jeffery, The Kel Show, Andrew Herrera, Terry Prospery, EOS UK, whatever, AE and Hero Soap Company. They make soap. And last thing, watch out for the scams. We are getting hit with scams like crazy. But my email is DanDigitalS at News with an S. The scammer is DanDigitalS at News. So make sure you avoid that person like the plague if they send you anything because they're going to ask you to trade and I don't trade, which we just talked about. And that's it. So thanks a lot for sticking with me. Appreciate it. See you on the next one.