 Welcome to Jalassette News. Take a top stories in cryptocurrencies and Jalassettes. And break them down to bite-sized pieces today. The black hole that is BlackRock is going to start to invest into Bitcoin futures. And we're going to take a look at why this could be good and potentially a disaster. Also, Treasury nominee Yellen is looking to curtail use of cryptocurrency. We'll take a look at what has gone in the past as far as illicit activity in cryptocurrencies and how two other people will probably just offset what the heck she's talking about. And lastly, one of my favorite authors and podcasters finally talks about Bitcoin in depth that is Tim Ferriss, author of Four Hour Workweek, Four Hour Hour Body, and Tools of Titans. And we're going to take a look at how he became successful at Bitcoin as far as being lazy, how to understand the other side of the other arguments, and what people are always talking about about how much they've made in cryptocurrency, even though they've never sold. So we'll take a look at all that. Let's take a look at what's going on the market. So today is January 21st, 11 a.m. El Paso, Texas time, and watch out quite a bit of a dip, wouldn't you say? So Bitcoin is down 8%. That's okay. It was up around $41,000. Now it's $31,000. This is just one of those things. Everything's down, I mean, for the most part. Ethereum is down 8%, there's $1,200. Not too bad. Tether's tether, unless you're an auditor, nobody really cares. Polkadot is sitting firmly in that number four spot at $16. XRP, watch out, pegged the quarter almost at $0.27. Cardano down, Bitcoin down. Let's see, who's down big time? Stellar's down. I don't understand why. I'm thinking things really changed. Actually, if you look at all these things that are going on right now as far as down, has anything changed? Did anything get hacked? Was there any type of information that came out that would really curtail the use of cryptocurrency assets? Not a darn thing. But here we are. So I like to say that these are great days. These are great days for your dollar cost to average. If you went all in at $40,000, I'm sorry. But that happens. That happened to me as well. And this is one of the things I'm always talking about on this channel. Don't go all in. Don't go all in immediately. If you would have gone in at $40,000, it kind of hurts right now. And who knows how long this dip could last. We could be here for a day, a week, or a couple months. You'd never know with cryptocurrencies and digital assets. So today I woke up and like, wow, look at the sale. And I'm happy on these days. And I went to Voyager and I picked up some more Ethereum. I picked up some more Cardano. I picked up some more, what else did I buy? A little bit of Chainlink. So yeah, it was a pretty good day for me. Now, some people will say, well, it'll bounce right back and you'll be okay if you went all in. That's true. I mean, you will, but you got to wait. And now how long you want to wait? So that is what's going on in the market. So let me know what you think in the comment section. Let's move on to our first piece. First up, this is good or bad depending on which way you look at. World's largest asset manager BlackRock to invest in Bitcoin futures. First of all, who the heck's BlackRock? Well, we don't know who BlackRock is. They are enormous. They have almost 8 trillion of assets under management. That's trillion with a T. And usually when I'm talking about different companies, I'm like, that's billion with a B. But this one, that's trillion. Let me say that again. That's trillion. That's a lot of money. Good for those guys. So this looks like fantastic news because you've got Bitcoin and one of the world's largest entities getting into Bitcoin. So it sounds great, but hold on. So BlackRock filed two statements of additional information with the SEC on Wednesday. BlackRock did state global allocation fund. Both filings did say this. Certain funds may engage in futures contracts based on Bitcoin futures contracts based on Bitcoin. The two filings for the detail this, the only Bitcoin futures in which the funds may invest are cash settled Bitcoin. Let me say that again, which the funds may invest are cash settled Bitcoin futures traded on commodity exchanges registered with the CFTC. So if you read this first article, you're like, wow, futures, this is fantastic. But wait, it's cash. There is no transfer of Bitcoin. There is nothing that is on the blockchain. It is all in cash. So what does that do for us? Well, not much. Really, it doesn't do anything for us at all. And I'm going to tell you right now, I think it's a bad thing. I'm going to tell you why. So let me just take you back to 2017. Let's just take a little, little trippy back to where this all began. So the CME group, Chicago Mercatile Exchange, on December 18th, stated, hey, we're going to launch this thing called Bitcoin futures. And it's going to be awesome. I was there. And when this story broke, everybody was like, hallelujah, we've made the promised land. This is fantastic because now that institutions are here, it will only go up to the moon 20,000. That's just a stepping stone to 30 to 100,000 and it'll never go down. So this was on the 15th of December. Actually, this, this story was in December 1st. So a lot of great things happening, but let me just show you what happened. So December 15th, this is what it was. Remember, this is supposed to launch in the 18th. And then we went to the 16th. Oh, that's a pretty good number. 19, 4, not too bad. I mean, it went down a little bit, but okay. Now we had 19, 1 December 17th in anticipation of this futures launch. And then on the 18th, 18,000. And then just a couple of days later, 14,021st December. So you can look at this right now and you can say, well, you know, it's a regular four year cycle, but it just is one of those coincidences. And I'm not going to say too much about that, but we haven't had good luck with Bitcoin futures markets is all I'm going to say. And on top of that, just so you know, the Ethereum Ethereum futures market is coming February 8th, 2021. So we will see how that all works out. Let me know what you think in the comment section. But to me, when BlackRock comes in with all that money and they've got a plethora of experience with how they deal with the markets, how we want to say that it could be a very bumpy ride. Again, let me know what you think in the comment section. Let's move on to our next piece. This one, Janet Yellen. Janet Yellen is the treasury nominee and she's looking to curtail the use of crypto. And she has been in a long line of people who say that Bitcoin and cryptocurrencies are used for illicit activities. Now, you know, my argument here, if you want to do any kind of illicit activities and needing money, you just use dollars. That's what everybody uses. That's what the cartel uses. That's what all the different terrorist organization work and what have you. They're going to use the US dollars. So sure, I am sure that at some point, somebody used Bitcoin for illicit activities. That is very true. But for this person, Janice, just to come up here and go, you know what, really gotta control this because this is going to get out of control. You know what gets out of control? Your money printing and all the money that you're using. And on top of that, everything's using that for illicit activities. Maybe we should curtail that a little bit, but that's just me. So when I hear these stories and I keep getting comments and questions like, well, you know, because of what she said, maybe that's the reason why the market went down. True. Maybe I will just say this. This market is moved by news and sentiment. Let me say that again. This market is moved by news. And this is just a prime example of nonsense because there is no reason why the market should move in any way, shape, or form this much based on fundamentals. It's all on news. It's all on stupid stuff like this. So if Janice Yellen has come out here and go, hey, maybe we should curtail the use of cryptocurrency, everybody gets spooked, which is good for me because I just buy up more stuff. But we gotta stop this. This is ridiculous. So if it was just Janice Yellen, and then she had other people in her organization or throughout the higher echelon of government to say, hey, we really need to look into this, maybe I'd be a little concerned. But I want you to notice something. This guy right here, do you know what this guy is? This guy, he was given a great talk at MIT about blockchain and money. And then there was another one, which is another hour long. And he talks about cryptocurrencies. He talks about Ripple, XRP. He talks about Bitcoin, a little bit about Ethereum. It's a great talk. Pretty smart guy. You know what this guy is? This is Gary Gensler. And Gary Gensler is going to be the new head of the SEC. He knows exactly what it is as far as crypto and digital assets. So I will believe that he is not going to be so heavy handed because as it says right here, he's going to start to unwind the work of his predecessor, Jay Clayton. I do not believe that Yellen really has a firm grasp of what's going on with crypto and digital assets, but I could be wrong. Maybe she's a genius on crypto. I have no idea. Gensler here, when you listen to this talk, you will get a firm understanding of just how in depth this guy is knowledgeable about crypto. On top of that, you're going to take a look at this little article that came up, former Ripple board member, and he wasn't a board member. Actually, he was an advisor. He was tapped to lead Biden's OCC. Now he's just being tapped. He's being heavily considered. But if that's the case, I mean, we had Brian Brooks, he did a great job. He was on, he was the legal counsel for Coinbase. Now we're going to have this gentleman, Michael Barr, and he was one of the advisors for Ripple. So it's safe to assume that he knows a lot about crypto and digital assets too. So if you have something in the OCC and something in the SEC, and you got Janice Yellen over here going, you know what, maybe, maybe we should do something with this because of illicit, I'm going to defer to these guys and they'll probably set her straight. On top of that, I will say this, Barr was part of the Treasury Department in President Barack Obama's administration. So if he was part of Barack Obama's administration, there's a pretty good chance Biden might be leading towards this guy where he worked on bank regulations in the form of the Dodd-Frank Act. And also, Yellen was also a part of the Treasury. So they probably know each other pretty well, and maybe they can actually talk about, hey, this is what's really going on with crypto and digital assets. Barr joined Ripple's board of advisors in 2015, though company Spurxman confirmed he was no longer a member early this week. So maybe he was a member all the way up to like, you know, a month ago or so, who knows? But this is good news. So if we're going to talk about Yellen and, you know, how awful this is to me, it's not awful. I mean, it's good for me. I get to, like I said, I get to pick up things, but in the grand scheme of things, it's just somebody who's like, you know, maybe we should do this. Anyhow, don't just think of the comments section. Let's move on to our last piece. Next up, this was a great find. I really enjoyed listening to this podcast. That's Tim Ferriss. And that's one of his business partners, Kevin Rose. And Tim, if you don't know, he made, he did these great books. I've read them all for our work week, for our body. Chef, I didn't actually read. But this one, Tools of Titans, I was reading this actually last night. It's a fantastic book. And Tim has been around for quite some time, pretty respected throughout, talked to a lot of high profile people. I mean, in that Tool of Titans book, he's got everybody in there from Arnold Schwarzenegger to Laird Hamilton, to a lot of great athletes and endurance and just everybody that you ever want to hear about as far as what's going on. So in this podcast, it was pretty long, about an hour or so. He talks in the first half hour about Bitcoin. And what I didn't know is that Tim had actually invested into Bitcoin back in early 2017. And he said, it was pretty funny because he said, I'm lazy. And the reason why I've done so well with Bitcoin is because I just kind of forgot about it. And I didn't realize what happened. Because when it went all the way to 20,000, I just kind of forgot about it. And I was going to sell it, but then something else came up and whatever. And now, you know, he said it dropped so low, he goes, I can't sell it. And then he goes, now it's just going to the moon. So I got to keep it anyhow. He goes, but it's a really good case and point of just setting and forgetting it, you know, and then if you can dollar across average, like with me, what I do is I just set the recurring buy button on Voyager. And I put in like 25 bucks a day into the VGX token. That's what I do. And I just let it go. So it's pretty hard to just keep buying every single day. And you're like, buying, buying, buying, buying. But if you haven't kind of worked in the background, you're like, meh, and just kind of like just happens. And before you know, you're like, holy smokes, I got a lot of cryptocurrency. That's kind of how Tim's philosophy kind of worked out pretty well. Kind of works out okay on this end too. So just be lazy sometime. And the second thing he was talking about in this article or this podcast, he says, if you really want to give a good debate, you get to understand the other side. So like on this channel, we always talk about how great Bitcoin is and how great crypto, but I'm going to start to really play devil's advocate and go on the other side and start to be like a Robini and talk and talk to you about, you know, how it could fail and how it could not might not work. Because I think it's best if we understand both sides of the argument that way when things come up and you're talking to your family, your beloved ones, whatever else, no, and they bring up these, these, these points, which being valid or not, it's good to have an answer to that. And then the last thing, and this is kind of comes back to, to what I did yesterday, he talks about how he's met a lot of people in crypto angel assets. And all these people are, he said they're all geniuses because they've all bought at like, you know, way early. And they said, yeah, I made like a couple million or I can make 500,000. He goes, and the next question I always ask them is this, well, when did you sell? Well, I didn't sell any of it. So what happened? Ah, well, you know, I wrote it all the way up and I wrote it all the way down. Does that sound like you? I will tell you right now, that sounds like me. And one of these things that I've been thinking about a lot lately is exit strategies and when to get out. So we did a live stream yesterday, didn't go so hot because it was pretty glitchy in the first couple of minutes. And then there was a bunch of lag time. But for some reason, the recording came up perfect. I don't understand why, but I was talking about my exit strategy for Ethereum. And this was a strategy I was talking about yesterday. And it's, I mean, you can find that in the description of all my videos just says ETH exit strategy, I've got the Bitcoin exit strategy, all those strategies. Well, those two, and then I got XRP exit strategy, which the XRP exit strategy is pretty awful, doesn't, doesn't play into it because that was before the SEC. So if you want a good laugh, take a look at that. But this one, I mean, it makes sense, but it's not very simple. And when I was looking at this, and I keep looking at this and looking at this and looking at this, and it's not a bad idea. But I think we can simplify it. I think we can make it better for everybody. So I'm going to end, I'm going to make a separate video today. Hopefully give it a good time. I should get time. And I call it the 80-20 rule. Actually, the 80-20 P rule, and it just goes like this. It's, I want what I'm going to do, not what you should do, because I can't give financial advice. This is what I'm going to start doing for everything. I don't believe that this next bull run 2021 is the end all be all. I think we're still very early. And we got another four years for four year cycles to really hit our strides. So for this one, I'm not going to hold on to all my crypto. I think that would be foolhardy. Now you can, you can hold it all on for the rest of your life. That's fine. But after I was listening to Tim, I was like, you know what, I really got to get on the ball and really be a little more stringent for all of my holdings based on my price predictions and the probability. So I'm going to show this with everybody later today. But again, it's super simple. It's just an 80-20 rule. You're going to sell 80%. You're going to hold 20%. Even right now, it comes out to a lot better. Look at this one, 528 versus 158. And I think it's just a better option for everybody. All right. So again, that's what I'm going to do, not what you have to do. So I will put these together for everything in my portfolio on top of everything that I have predicted on top of all the probabilities and I'll explain exactly what I'm talking about. So that is it. So thanks for watching. If you like these types of videos, there's going to be too much going to pop up on your left and right. Go ahead and check those out. Let YouTube do their magic. Also, if you haven't already done so, please consider subscribing because right now, everything that we do and everything that we talk about is news related and it really comes down to within that 12 to 24-hour time frame. So if you're not subscribed, you may not get the notifications. Also, even if you are subscribed, I still get Shadowban. That's just how it is. I got many people who say, hey, I didn't get the notification. So if it will be so kind, click on that bell and that is it because as these things roll out, this is going to be the year to really bring it home. All right. Thanks so much for watching. I'll see you on the next one.