 Welcome to Jalassette News. Take a top stories and cryptocurrency Jalassettes and break them down to bite-sized pieces today We've really got one story and it's going to affect the traditional market and I believe In our market of cryptocurrency Jalassettes first and only up massive GameStop short squeeze highlights the Fragility of today's financial system and we're going to take a look at how Wall Street is going to take a big fat L Because they try to push little guy around a little bit too much and little guy fought back and they won So we'll go over all that and what's going on with the price and how the uppers are actually stepping in and making this It's really an unfair advantage But we'll get at that all that in a bit. Let's take a look what's going the market So today it is is it jerry 28th 10 a.m. No Paso, Texas time and here's we we got with our market So Bitcoin doing pretty good up 6% for the day We're looking at 32 3 maybe we could turn the corner. Maybe hit 33 34,000 maybe back to our all-time highs of 41k I'll take it aetherium also up 6%. It's that's a rare to see like a six and a six And we're looking at 1350 one of the all-time highs for aetherium was around 14 20 14 40 So thank doing pretty good Nobody cares poke it out up 10% one of the big plays and one of the big predictions that I have for this year It's at $17 right now up 10% for the 24 hour amazing XRP watch out it pegged the quarter just about 26 cents. Wow Cardano 10% chain length 12% like when this is a little bit deceiving because over the last couple days We've we've taken a pretty big hit. So right now. It's a green day. So don't let this fool you Don't don't come here and be like oh, this is great. It's a fantasy. It is a good day I mean take take the wins that that you get but just remember that we were taking a little bit of a beating there For a while and we were thinking it's going to go to the downside But we've turned the corner. It looks like it's okay Will this keep going up forever? No, because that's not how this market works, especially ours We're going to go up massively and we're going to have big dips and that's just how it is But like I always say in 2021. I believe this is going to be The year for us. So that is what's going on anything fantastic anything up bigly Oh, this thing called dogecoin. Look at that 142. Well, that's good No, uh, congratulations for all you doge holders. I hold a little bit of doge. I've held it forever I just I don't even really talk about it because I'm just like it's just doge And it's one of those things like everybody who's a maximalist You got your bitcoin maximalist. You you have there's really no a theory of maximus if you think about it But you guys your xrp arm and your chain link marines and everything else But nobody's like hates on doge. It's just like adds doge So like if anybody gets in a heated argument, you know, like oh, but you know about bitcoin You know about this just break it up and go. Yeah, but what's doge doing and then it kind of diffuses the whole situation So congratulations doge Users and the and the hotlers you're up 142 for in 24 hour time frame. Congratulations. Good for you All right So let's just break in this top story because this was pretty interesting to me And I think it's got it's got ramifications about what's what can happen And what people in power can really do and at first glance, it's like well good for the little guy But then we take a look at another article you'd be like, well, that sucks. So here's what's going on Massive GameStop short squeeze. What the heck is this? So wall street They had a bunch of short bets Against GameStop GameStop if you don't know, I think it's a global brand But you can go there. You can rent. Uh, you can rent a bunch of games You can you can actually buy gaming equipment and all this great stuff The problem is with GameStop is that uh people download a lot of things these days and they don't really buy the physical Games themselves. So they were slipping for a while But because the the COVID-19 people were at home playing a lot of games. They're like, hey, you know what? I'll go buy a game and they love it. They love GameStop So there's a members of these as a reddit forum called wall street bets And this is the actual picture that you'll see you'll see a lot in twitter or anything else So they discovered these short positions that wall street had all banded and it's not like wall streets evil They're just not good That's the best I can say it But these guys wall street bets they discovered the short positions And they turned things around by purchasing the stock and placing long positions on GameStop shares on Tuesdays on Tuesday Which a couple days ago today's thursday GameStop stock spiked 148 as gme trade volume outpaced the s&p 500 and almost every stock worldwide And why was it because a group of people banded together and said no We're not going to let you guys F us around and we're going to make sure that you pay for what you're doing to our beloved GameStop and that's it and I was listening alexis alexis show, which he's going to be on a guest. He's going to be here a little bit And what they were talking about was like You got to watch a show. I forgot what cj was talking about But it's like these td and merit trades and these big companies They were selling all the information of what they had as far as retail investors like you and me What they were doing to these big hedge funds like oh, well, we got this data and help us go against that And that's exactly what they did. That's why they've been crushing retail here and there But the big the big thing is is who said it? I forgot it was it was I think it was actually ryan He said there's a difference between smart money and hot money And when you got a bunch of people with a bunch of money and it's hot And it's burning a hole in your pocket and you want to spend sometimes even the smart money the people that are in power Well, they get burned and that's just how it is. So that's exactly what is happening right now Um So it all started with the subreddit wall street bets They invoked a thread about the end game scenario for the game stop company Um, they've been hurting financially And then really what it comes down to is that these guys are trying to make a bunch of money wall street by Shorting the situation and all the alks explain that Uh And they did a short squeeze. So what they did was they said, okay You guys want to short it? Well, that's cool. Uh, what we're going to do is we're going to Put money on into it and we're going to make it so uncomfortable for you guys That we're going to rip your face off and you guys just keep shorting our beloved game stop Because we'll do this all day long and that's exactly what they did So here's the price action for game stop for the last five days pretty flat 55 bucks It was you know, a little bit of a jump here in 119 but back down pretty drool pretty depressing, right? that's just Just moved sideways and then all of a sudden they they heard about these shorts like well f you and then here They go 351 368 and All those people that were shorting it. They got creamed. How much did they get creamed? I'll tell you in a second. So this is what's interesting though So this was yesterday wednesday when all this information came about And he had tuesday. So just wednesday was the big day. That's what everybody was talking about But take a look what happened here. So at 9 30 a.m. So the markets close Oh, that's another thing traditional markets. They close. We don't close They closed and They opened it up a little bit of a dip Then there was a little bit of a rally here and it went up massively 469 But now we're down here. What the heck happened? I'll tell you what happened and this is my opinion is is the way that Power balances out by these people these hedge funds. You know wall street running to their uppers and going Oh, we're losing Robinhood TD Ameritrade restrict trading of game stop amc stock why Robinhood explained the move in a blog post. There was a morning this morning Just before the stock exchange opened in light of recent volatility We are restricting transactions for certain securities to position closing only including everything we just talked about The WSB mod twitter account, which is tied to the wall street bets the ones we just saw by the community Responded in a tweet individual investors Us are being stripped of their ability to trade on the robin hood app Meanwhile hedge funds institutional investors can continue to trade as normal This is not the america that I remember it to be I remember that Free market capitalism was the backbone of what made this country great And now here we are and these guys are running to The TD Ameritrade's and Robinhood going home. We can't do this. We're losing too much money Those guys have been screwing us for so long because of all the information that they've had and they've made retail investors pay Now the one day one day whoa One day I got a little bit too excited one day When all this stuff went down to like we can't handle it and this is what happens I don't know if there should be some more regulation coming But if you're going to regulate our markets because you say there are some Shady practices and you best be believing there should be some regulation over in the traditional markets That is just how I see it Let's jump in and talk to head of institutional investment over at bequant alex massioli And he's going to explain two things one is going to talk about How these people lose money and two is going to talk about what this means for our market As far as all the different big institutions that are betting on shorting bitcoin This is important. Let's jump in. Alrighty, buddy. So welcome to the office So I brought in alex massioli because he is the expert of financials as far as like our our hedge funds and the institutional investors so so alex here's the thing Well, we just saw and we just talked about what was happening. We'll off up with gamestop Let me share my screen real quick. So we just talked about this story about Wall Street bets how they had just said, you know what we don't care what you guys are doing We're going to run you off off the shorts and we're going to make sure that you don't make a dime And we're going to wreck you and then from there we took a look at the price And then also we took a look at what's going on because of TD and merit trade and then Restricting all the different selling. So first of all, I got two questions for you. First of all, how do they make money doing that? As shorting and second of all, since you deal with all those billion dollar people Tell us what we need to know here in the cryptocurrency asset market. Have you heard about shorts being Set for bitcoin and how much inflows are actually happening? Sure. Well, particularly in the equities market Short selling is when investor Opens a position by borrowing shares of a stock And the investor believes they will decrease in value at a future date. Um, which is the expiration date What happens? What happens next is the investor borrows the shares And sells them to buyers who are willing to pay the market price But actually what's really what your downside is is the Risk of loss on the short sale is unlimited because the price of the asset can climb You know indefinitely That's what they were talking about. They were saying, you know what you can you can short all you want to But your risk is going to keep going to infinity But it sounds like to me what these guys are doing like you go ahead and short it But what we're going to do is we're going to keep pumping money into it And you guys are going to get your faces ripped off. That's what it sounds like. It's happening to these hedge funds That's correct. So what they're doing is they're getting blown out of their short positions With their borrows and and it's uh, it's actually it's pretty hard press. I would not I would not Say it's out of the realm that some of these hedge funds actually The smaller ones couldn't collapse if they had decent positions in the stock That's why we're seeing these people step in like the TD Ameritrade's like the big guys going You know what our buddies are getting hurt. We're going to stop this because of volatility and that's it I think this is a huge mistake and I think there's going to be some other regulation come on the pipe Just because of this issue. I'm just saying it could actually happen. So that's the first question answered Thank you so much for helping us out. The second question is what's going on in our market So I don't really care about that one. I care about this one So tell us about what you've been hearing and who you've been dealing with as far as like people going Hey, Alex over at b-quant. We're going to short this and that so let us know Insider stuff. Well, not inside of stuff, but but behind the scenes stuff. We'll say Yeah behind the scene stuff. Um, yeah, absolutely. I mean we we uh, we have a lot of hedge fund clients in crypto space that um do Uh short selling uh against bitcoin. Um, and so what we are seeing largely Is uh, well this week particularly alone. I have about 40 million in usd t Borrowed demand and those borrows that those funds are looking for are going to be used to finance their short positions That get against bitcoin in the short term. So I would say uh during the course of the first half of february Um, I'm preparing just from an indication of our clients to see a lot of short positions placed Okay, so 40 million, but you were talking about At one point you're saying it's not just 40 million if they Leverage it then it can go up to how much? Yeah, that's correct. So if they leverage it, uh, let's call it. Um, let's let's just say 10 times If they if they leverage it 10 times they can go a half a billion dollars into into short positions against bitcoin Holy shoot. That's uh, okay So this is why I love having on the show because we can't get this information anywhere else So everybody else who's watching watching the video first of all. Thanks for watching. I appreciate it Also, check out alex nasioli show because he's got these types of information, which you're not gonna get anywhere And that's just the truth This makes me a little bit of bearish and a little bit more a little trepidation trepidation of what's going on in this market So alex, I appreciate it. Thanks so much. All right. So that's it. So just like alex was talking about he said look There's going to be short positions Halfway through february I did a video yesterday and I talked about michael sailor who he's invading all he's he's inviting all these institutional players to come in And are sorry corporations to come in and he's going to give them the bitcoin playbook everything that he's done Everything that his company is doing and will be doing and how to set everything up with The coin bases the crackings of the world and how it's all going that everybody should be actually purchasing bitcoin Now I told you yesterday I said I don't think that every single one that's going to attend is going to be like, okay, let's do it I'm ready to do from day one. They're going to digest this. They're going to bring it back to their legal team They're their cfo's and go should we be doing this? Here's the playbook They're going to look it all over and then they're going to go I think some Are already planning to do it They just want the playbook from michael sailor which they're going to get on february third and fourth And they're going to come out the gate the other ones though They're going to be laggards and they're going to come in but again like I said I think If it was me sitting in this room or even online, which is what it is and actually I will be there To check this stuff out. So If I if it was me and I had a big corporation. I'm looking around going who's all here Ah, there's jerry No, joe There's p And any you be thinking yourself. Wow, these guys are all competing with me to get this one super scarce asset I think we're going to see fireworks But again in the short term expect some some volatility. I just like what I was talking about. All right. So that's it So that is it. So thanks for watching this all the way to the end if you made this far First of all, thank you. Why don't you hit the thumbs up? Why don't you subscribe and why don't you come back again? All this information that would give it's a lot of news type of thing. So it's time sensitive So go ahead and hit us up that would I would appreciate it greatly Also, if you like these particular types of videos and more it's going to pop up on your left and right Let's let youtube do its magic and that is it for today. So thanks for stopping by. I appreciate it and I'll see you on the next one