 Welcome to Jalassette News to get top stories and crypto currency in Jalassette's and break them down into bite-sized pieces today. We've got a pretty full day. First up we're going to talk about what happened yesterday in our second part of the Micro Strategy World Now seminar. So I'm going to talk about the second half of what was going on leading into today where we're going to have people coming in and talking to all the corporations such as Binance and Gemini and Coinbase. So that'll be interesting. So take a look at a report that small and medium hodlers control 40% of the Bitcoin supply-assist data. And this kind of blows the whole theory out of the water that everything is centralized and is in the hands of just a few whales. We're going to take a look at some data that shows positively that that doesn't happen. And lastly take a look at PayPal Q4 transaction revenue rose almost 12% in the first quarter report since adding crypto. So as you remember, PayPal just came on at the end of November early December of 2020 and they haven't even gotten into Venmo and some other big markets like outside the US. So this is the interesting stuff to take a look at. And we'll do all that today. But first let's take a look at what's going on in the markets up today. It is, what is it? February 4th, 8.40 AM, El Paso, Texas time. And here's what we got. Not too much of big play in the top five or so. XRP is up 6%. Great. But sure, 36.5 for Bitcoin, Binance Coin 4%. But look at Doge, another pump of 50%. And I don't know if it's because of what this was actually on my Twitter feed. This was Elon Musk and he put another stupid meme out and just that little bit of news may have actually pumped up Doge for no apparent reason other than the fact that Elon Musk said something about it. Good for all you Doge holders. I still don't understand it. But okay. Let's see what else we got. 33% for Ave. Looks pretty good. Eos. I don't really care about Eos. And then Uma, 135% up. I don't know if there's a new partnership being announced for that DeFi project, but that'll be interesting to see. Compounds also have 20%. Sushi have 7%. So you see a lot of things that are going on with the DeFi space. Which is pretty good. But if you may have noticed, we're using Trade the Chain. What this is, it does sentiment analysis. It doesn't just give us the basic type of stuff. And then there's this cool thing called projection range. And what this does is I still think that news moves the whole market. And I like using this little tool because I can do stuff like this. They're going to click on that. And it'll tell us in a 90% accuracy what it thinks is going to happen within the next hour. So I don't know what this is. Swiss board. 4%. Next hour, it's going to move between negative 1% all the way up to 10%. And the way it does this, again, sentiment analysis, it crawls all the websites, all the different blogs, and also has a direct API into Twitter. So it takes a look at what's going on and gives us a sentiment. So that's interesting. Luna, I've never heard of that. Divi, let me see if I can minimize this. Let me just blow it up. How about that? There we go. Yeah, nice. Let's see. Uma, UMA, 13%. Swipe, never heard of that. Guinea, Augur, Binance Coin. So yeah, this is what I like to use this tool because it can just kind of tell us what the sentiment is right now. And then also what I like to see is the one-hour change. Because if it's already pumped up a ton, that might not be a good idea to get into that. But you can see the 24-hour change looking pretty good. So if you want to take a bigger look at that, there's a link in the description, and that's it. So anyhow, let's take a look at what's going on the market, huh? So the first step, we've got the MicroStrategy seminar, which was pretty good yesterday. We did a video about it, and it's very bullish for Bitcoin, which, you know, surprise, surprise, how amazing is that? But the reason that it is is because, you know, Michael Souther's leading the whole thing, and he just only believes in Bitcoin. And what it all is, is corporations and institutions really getting in and just getting the playbook from MicroStrategy and going, how did you guys do this? And they pretty much give them everything. They give them PDFs, they have the CFO, the CIO, legal implications, taxes, everything that you possibly need to get into Bitcoin, believe me, they have it. And they're actually doing breakout sessions right now for the bigger players. So after this, I think there's going to be a pretty big pump for Bitcoin. Could be wrong, who knows, but it is interesting. And I did say yesterday, I thought that it will go on waves. Like I said, some institutions are on board right now, they just want this little more piece of information, and then they're off and running. But I think a lot really have to put a plan in place before it happens, and it's going to take some time. And from what I had yesterday, let me scroll down here, I had to, I took notes on everybody that was talking, and I just tweeted everything out so I could actually remember when I did these videos. And this is the three things that I found fascinating yesterday on the second session. And this was from Jeremy Price in your VP of Finance. And I had known this, but it really hit home when he said, he goes, look, at MicroStrategy, we transferred all of our cash into Bitcoin, all of our cash. Then we took out debt and put all that debt into Bitcoin as well. So I mean, they're like huge proponents of this, and it really just, I was like, wow, it's pretty ballsy. Anyhow, this is the one that made sense to me, because just like we talked about, some people, some institutions and corporations are ready to go, some need a little more time, and some will never have a flight plan. They'll never get off first base, and that'll just be stuck, and they won't do anything. But the ones in the middle that are really like looking into this, this is also from Jeremy, a VP of Finance at MicroStrategy. He says, it took us four months to just put a plan together to go all in on Bitcoin. This is even after Michael Saylor was like, we got to do this, we got to do this, and he probably had some pretty good ideas. So as a corporation, they have to go through legal, they have to go through finance, they have to do their due diligence, put a plan in place, get places like Coinbase to help them do these microtransactions and then execute. And they were like the first ones to really do it. Now that they've done it, I think you can probably cut that time in half. Especially what's going on. But again, it took them four months to put a plan together and two months to execute. Board approval, IT considerations, onboarding banners, everything else. So six months right there, if you can cut it in half, you're still looking at three months. There are no overnight successes. And I think with these corporations, they're going to really take a look at and go, okay, well, let's do this or let's not do this. And Ross Stevens from NYD, he gave you a really great presentation. He said, look, he goes, the biggest question that the CEOs at this conference are going to have to ask themselves is when are they going to transfer their fiat into Bitcoin? Not if, but when. And he goes, right now, you don't think that is the big question, but it will be the next big question in the next decade. And we'll see if he's right, but it was pretty interesting. And then lastly, this is when they had, they had a bunch of different people, but Jeremy Price was leading this breakout session. He says, you'll be happy to know there is Bitcoin insurance. That's what custodial insurance is for, but you should also get self-made insurance just to be safe. So they're telling them that they were saying like, look, it's not a good idea to put everything on cold storage and get a ledger for billions of Bitcoin. You should really have a custodian and then also just to make sure that you, nothing bad happens, you also get insurance. And they pretty much just laid it out. And then they gave out PDFs for everybody to download. And I have them, we'll go over those later, but there's just an interesting piece. Today, we're going to, this was the one that I was interested in. They're going to have, like I said, Binance will be there, Gemini will be there, and I cannot wait for Coinbase to sit up there and say, hey, we can help you guys out. So if you don't think that all these, all these entities are really raw-rawing for these corporations, I think you're mistaken. I think all these guys want to get in and they want their business badly. And we'll see how that affects us, the retail player as they start to onboard all these corporations. We saw what happened with Coinbase. I don't think Coinbase is really, really here for us so much. So just look at the customer support. Just saying, but not that I have anything against them. I don't, I mean, I talk bad about them every so often, but I don't have anything against them. Like look, if you're new to this space, just use Coinbase. It's super simple. And you don't have to really deal with too much. Just use PayPal. It's even simpler than that. Yeah, there's Markup, but who cares? They consider just make it easy on yourself. Just get in right now and then learn a little bit more. Go to danjuscrypto.com. That's a 100% free website. And you can learn everything you need to know about cryptocurrency. Anyhow, I want you to think in the comments section. Let's move on to our next piece. So next up, this was pretty interesting because there's been a lot of articles talking about the centralization of Bitcoin. Brad Garlinghouse being one of those who said that China, as far as miners, control everything. They control pretty much the whole Bitcoin infrastructure and the CCP, the Chinese Communist Party. So when I said this, I'm like, this is interesting. What do we got? Well, data from Glassnode shows that a number of smaller Bitcoin holders and those holding coins on behalf of clients keeps growing. Long-time Bitcoin holders known as, this was weird, long-time Bitcoin holders known as humpbacks and referenced their status to the largest and oldest well-invested in the space are not cashing out. So this was data from Glassnode that they pulled from different wallets and everything they can find from blockchain. And I'm just going to blow this up so you can actually see it. Let me really blow it up. Yeah. So do you see right... Yeah. So you see right here on the right-hand side. Well, first of all, let's take a look here. So you got years. So 2009, 10, 11, 12, 30, 40. All the way up to now, right? So over here, this big, huge gray area, these are all miners. Miners controlled everything back then and there really was not a ton of exchanges except Mt. Gox, I guess. And there wasn't really a bunch of, you know, big, huge whales. It was all just the miners. And then as time went on, you had small and medium hodlers. And this is from here and then large hodlers right here. And then you have this piece right here which looks like humpbacks or just like the older ones that just don't sell. My question here is, are these just people that don't sell? Are these the people that just don't have access to their private keys anymore? Or they threw away their computers and these Bitcoin are just completely lost? I'm not for sure on that one, but I can tell you this. I would say from all the data that I've seen over the last couple years that we've lost a minimum of 2 million worth of Bitcoin because people just throw it away or they've lost their private keys or whatever, or their mnemonic phrases. So I think a lot is being lost, so I don't know if those humpbacks play into that or not. But sure. But you can see here, now we have whales and, you know, those people are, they own a ton and they probably trade a little bit. But the large, or the small meme hodlers and large hodlers, there's still a big piece to that equation. And then down here are the miners and this big piece on the chunk are exchanges. So when we talk about how like, well, you know, miners, they don't, you know, there's, they control everything, especially in China. I just personally don't believe that. And I've had many Bitcoin miners on, not on the show, but in the comments we've gone back and forth. They're like, look, I can just unplug at any time and go to any different mining pool. So I don't want to get in that argument, right? That's because it's like, it never ends. It just keeps going, going, going. So I'm like, whatever. But from what I've heard from miners, they're like, look, I can just unplug and go to something else. And if you think China's going to control me, they can't. They can control all their miners and all the other exchanges over there. Sure. And if they want to do something like crash the whole industry, they can wipe out that one. Will it wipe out Bitcoin? No, put a big dent in it, but I think it will recover. Anyhow, I don't want to even get into that. It's just a big waste of time. So that is what we got here. So let me X out of here and go down. So, members of the alleviate fear that we talked about, but here were the articles and you probably know more articles that are written here. I do too, but this is the ones that stood out. One was on January 31st. Bloomberg used a report from research token and now analysts from entity token analysts. Okay. The claim that Bitcoin's infrastructure is more centralized than ever before. This was raising alarms about the security and viability of what is championed as a decentralized network. And before I get into Scott Melker, I just want to say this. You have to understand, I don't know who's doing this. I don't know who's doing the actual articles, but you see all the institutions that are getting in, especially with what we just talked about with MicroStrategy. If all these institutions are getting in and I'm a multi-billion dollar company, I want as much Bitcoin as MicroStrategy or as Galaxy Digital or whoever you want. You have to look around and go, how much are there? There's only 18.5 million mined so far and we've lost 2 millions. There's like 16.5 million. Okay. Who else is here? These are all big people. I don't want to compete against all these people. I can't beat everybody, but what I can do is I can wind back time and I can reach out to my friends at XYZ publication or on this place or on that place. And I can put out an article. It's not illegal just to say, hey, look at this data. Look at what's going on. And then you can start to see retail start to sell. And then because if the small to medium hodlers have 40%, what do you think they want? They want to crash this market or they want to get enough food to make sure that you sell and you give it to these guys because they don't want to buy it at 150,000. They want to buy it at 30,000, 25,000, 20,000. So just be aware. Now, not financial advice, but I see how this could be a thing. Let me know what you think in the comment section, but that's just kind of how I see it. It's frightening, but who knows? So now let's get into Scott Malker. Wolf of Wall Street is on Twitter. Pretty prominent figure in the Bitcoin community or cryptocurrency community. And he talks about this. He says, big buyers will sell eventually. Big buyers will sell eventually. And he says, such a scenario is a matter of if, not when. And the idea that institutions will hodl ad infinitum or infinity is a myth. He references micro strategy and grayscale. And pretty much what he's saying here is like, look, they say they're never going to sell. But that's a myth. At some point, they're going to sell a little bit. He goes, regardless of all the reports servicing about the hedge funds exploring Bitcoin, it is our belief most are going to lock in profit at some point, whether they own the grayscale Bitcoin trust or custody on coins. The answer is yes. Institutions will sell their Bitcoin. He wrote, it's reasonable to leave though that many companies and funds will add Bitcoin to their balance sheet in some denomination as an inflation hedge rather than a short-term profit opportunity, leaving some Bitcoin off the market for good. So you have a wide range of people talking about this. Michael Saylor has been talking about Bitcoin and saying, look, I'm not going to sell it ever. Ever. I'm going to keep it forever. All right. And then you've got MassMutual, that big older type of insurance company going, yeah, we're not going to sell it. But they didn't say forever. And then you've got Galaxy Digital and Grayscale. Who knows when they might do it. But again, Grayscale isn't just holding by themselves. It goes to the people. Other people buy it and they just hold it for them. That's why there's a premium for that. So I know when people talk to me like, Rob, you should never sell any of your crypto because it's just going to keep going to the moon and it'll never stop. And it's going to infinity and beyond. And I'm like, I don't think that's true. I think Bitcoin is a pretty good play. Altcoins, who knows? Who knows where BitTorrent is going to go or who knows where Tron is going to go or EOS or whatever else you think, you know? Like, do you think that all these institutions are going to be like, you know what, I'm going to just grab onto that and hold it. I'm not going to sell at any time at any point. Really? So I don't know about that. Anyhow, let me know what you think in the comment section. It's always interesting to read as I talk about these institutions never selling. And then let's go on to our last snippet. All right. So last up, PayPal Q4 transaction revenue rose 12%. This was a quick article. Just so you know, PayPal's making a lot of money. That's like the big thing. Final quarter of 2020, PayPal gained 16 million and new net active accounts. And they handled $277 billion. And just as a reminder, on November 12th is when they removed the wait list for Ethereum, Litecoin, Bitcoin Cash, and Bitcoin. So when I talk about Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, these are the ones that I'm thinking to myself, you can't bet against those because they're on PayPal. And PayPal has, you know, millions of merchants and they have over like 345 million, I think people will actually use PayPal around the world. So why would you bet against that? And they have only gotten to the United States. I told you, they haven't gotten globally yet. So they haven't rolled this out and they will. And I think it's going to be big anyhow. Customers who purchase crypto as a platform have been logging to PayPal twice as much as they were before buying crypto. The company said in its investor update and PayPal's transaction revenue increased by around 12%. And then year over year. I will say this. So they rolled this out in 2020 Q4 and they had 5.68 billion. It'll be interesting to see how much their transaction revenue actually goes up for next quarter. But yeah, it's grown a little bit. Good for them. Billion. Sure. Anyhow, the finish up. It says the volume of crypto trade on our platform greatly exceeded our projections. PayPal CEO Dan Schulman said on the company's fourth quarter earnings call, we're excited to build on this early success by allowing customers to use their crypto balance as a funding source. We hope to launch our first international market in the next several months. So you got to understand. So PayPal is going to be huge and they're going to just keep pushing this narrative. Once they've rolled this out to merchants, I think that's when it's really game on for them because for all those transactions, because when this first started up, there was no transaction fees when you wanted to buy Bitcoin, Bitcoin Cash Ethereum Litecoin. But that changed and now there are transaction fees. So when you're going to use this, you buy cryptocurrency and they go to a merchant and go, hey, I want to buy some shoes with Litecoin. Sure, you all day. But they're not using Litecoin. Remember, it's all just paper Litecoin. They're buying it up and in the background they're doing the whole thing and they're transaction with fiat. So there is no slippage. There is no volatility. But they get to keep all that cryptocurrency and you're going to have to pay that transaction fee for that. Me and you as a merchant and you as the buyer. Just be aware they're going to make a ton of money doing this and that is really what drives the market. Is it right? Is it fair? It's free market. If you want to use it, you can use it. And a lot of people are going to because not everybody wants to deal. And when I had, because of Dan teaches crypto, I realized people are all different, which is kind of a stupid phrase, but it is the truth. Everybody's different. Everybody has their own ability to comprehend things or their ability to do things because of time constraints, right? If you're a single mom with three kids and two jobs, you do not have time to deal with, you know, figuring out a ledger, doing all the updates, making sure you don't get hacked, doing all the right steps and everything else. You're like, you know what, screw it. Just give me Coinbase or something like that where I can put on there and they can deal with it. And if it goes up, fantastic. I got to go take Jimmy to soccer practice. So there's only so much people can do, right? So like with PayPal, I'm not going to rip on them for that. That's what it is. And actually, I had a friend of mine, Jasmine. She texted me a couple... Yeah, yesterday. She goes, hey, is Ethereum a good thing to invest in? Which I'm sure you guys have probably done the same way. And I just like, yeah, sure. What do you want to do? She's like, should I get on PayPal? I'm like, sure. Because I don't want to go with like, you know, you should really go through an analyzer and you can buy it over here and it's $100. And then when it gets here in two weeks, then you can do this and this. Oh, but there's also a hack. So, you know, watch. I'm like, just use PayPal, go down to your crypto at some point and learn the rest of it. And then maybe you can just take baby steps because everybody's different and far be it from me to say, you need to do it this way because I say so. It's not the case. Anyhow, that's it for today. We'll finish up at nine in the morning. Got another hour until I get to listen to Binance, swindle all these institutions. Not swindle, but, you know, sell these institutions for their custodial services. And that's it for today. So, hey, if you've made it all the way to the end, maybe you should have the thumbs up. That'd be great. Maybe you liked it and maybe you should subscribe. Just a suggestion. All of our things that we talk about are pretty much time-sensitive. So, help me, help you. Everybody's a winner, right? Also, if you like the types of videos, it'll be two months going to pop up when you're left and right. I'll let YouTube do its magic. And that is all for today. So, thanks so much for watching all the way to the end. I appreciate it and I'll see you on the next one.