 Welcome to the Jalassette News to get top stories and cryptocurrencies in Jalassette's and break it down into bite-sized pieces today. We've got some really interesting stuff. First up Pompilantle podcast had on Jim Kramer from Mad Money and it was an hour-long podcast. It was really fascinating but what I did is I broke it down into five sections which was the crux for the most important parts and why I believe Jim Kramer is not only going to be a bull for Bitcoin, he's going to be the new Bitcoin Jesus. Also MicroStrategy which was in the news about a month ago who had already bought 21,000 Bitcoin is back at it again and they just purchased 16,800 Bitcoin. So the question is did MicroStrategy use its competitive advantage for all its data analytics and that's why they bought Bitcoin or is there some other reason? Finally we're going to go over top analysts says one altcoin massively undervalued goes along on Bitcoin and talks about three crypto assets and why these types of stories and all in the future I am completely jaded to and I do not believe any of them and that'll roll us into Q of the day which will go over the very last part but first let's take a look at what's going on the market. So today it is Tuesday 15th of September it's about 10 a.m. and Texas time looks pretty good so what's going on Bitcoin is up 0.8% and it's teetering on 10, 7, 10, 8 somewhere around the 11k range and that I gotta tell you makes me pretty excited. What is not exciting is if there is a little drop down from 378 out of 365 I was kind of hoping it would break that $400 barrier but hey here we are Heather's tether nobody cares XRP is that whopping 24 cents watch out. Polkadot number five position at mark cap of 4.8 billion let's see if it can hold that or if it's going to keep flipping with Chainlink and or Bitcash which has a potential hard fork coming up in November see how that goes and if you haven't seen the Roger Berger interview that we did last week it's a pretty good indicator of what's going to happen as far as that hard fork so check that out that was on Labor Day. Also what's down massively is Binance coin ouchie 15% and this was after the news that Binance was going to get into DeFi looks like it may not be working too well for them I don't know 26% down for the seven-day average but there was a really fascinating video done by Satoshi Stacker and I give my hats off to that gentleman for actually going in there and mixing it up in the whole DeFi space and he did a lot of different DeFi he really invested a lot of money and he just pretty much breaks it down about how much he gained really how much he lost over over the whole time so if you haven't uh check it out I'll link at the very end but it was a fascinating one I gotta tell you DeFi I think has its place but um just be careful that's all I'm gonna say. Crypto.com only up 0.7% after they also announced DeFi so there we are and then of course uh the other news was Coinbase had listed Wi-Fi and UMA because hey if Coinbase and Crypto.com are doing it you have better believe Coinbase is gonna jump in because it doesn't matter all the great products that are out there and how much the how long they've been waiting they're just like you know what forget you we're just gonna go for these DeFi products because that's what we do I'm not mad at them but uh yeah actually I am Litecoin, Bitcoin SV, Cardano, down 2.7 EOS looks like everything's down across the board let's see what else is wow 12% for AVE or AVE and it looks like URIN finance is uh right around 40,000 so not nothing really too big wow it's 12% down for synthetics 0% nothing really too big all right although there is one that I always pass over and I really shouldn't Theta network is down 2% but it's still above 50 cents I just got my stream key from Theta and I'm excited because I'll be doing live streams over there if you don't know Theta is one of my top 10 holds it's uh you know I'm a very conservative person on this channel but uh I think Theta is gonna be huge and I need to do a whole video about that but if you haven't checked out Theta definitely do that today all right let's jump up in today's top stories so first up this was a great interview it just was and this is one of those things that Pompliano can do that I just cannot do and he has been in the traditional finance sector and now he is in the cryptocurrency asset and he's smart he's smart he has the great questions and he has a great way of educating people in a simplistic terms and that's what's needed for Jim Jim here if you haven't seen the show it's just him pounding on the table and just talking about all his different stocks or some people hate him some people like him I mean I I personally like to watch a show every so often the energy this this guy's got more energy than my grandson which is amazing so um but but the big thing is that he is the typical boomer right he's the guy that's like I invest in stocks I invest in bonds I invest in gold so cryptocurrency is dumb but when he's on Pompliano's podcast I think the reason that he was is because there's been so much information coming out especially about these uh institutions like fidelity to assets with eight trillion assets in our management we're going to talk about that later and how they were in the traditional game now they bridged over to digital assets and what that means also TD Ameritrade one trillion assets under management they're also in cryptocurrency and the legend Paul Tudor Jones with his 21 billion assets under management which is Paul Tree 21 billion anyhow he's got two percent of one to two percent of total investments into Bitcoin futures to be clear that's what he said and uh I mean I knew this would pay off because you have all these traditional players and there's a lot more I'm not going to go over all of them but if you have these big players in traditional space that's going to leak over into a guy like Jim Cramer who's going to talk to all his people on the nationally televised show and probably talk to them about Bitcoin and cryptocurrency and just a big flywheel it's just going to keep going and going going I knew this would be big it just would take time I didn't think it would be this fast but hey here we are so I'd like to see this type of thing and it was a great interview and I listened the whole hour and seven minutes but I broke it down into really five parts the first like 25 minutes is just Jim talking about Jim which is it's interesting you know Harvard guy he went through everything and pretty smart and how he built his businesses and whatnot great but to get to the real crux of it it's just these five parts and it's really from 49 minutes to 55 minutes and this is where I think is the meat and potatoes the whole thing so the first part here I'm just going to lay it all out to you this is why Kramer absolutely will buy Bitcoin and it's all about the fidelity connection his kids and we're going to talk about why Bitcoin's going to explode in under two minutes let's take a listen they may look back and say why what was my father's thinking what why didn't he know about this he was supposed to be such a savvy guy and I think the answer is because I'm scared but you know I mean I like to say the community is behind you I like the fact that this Gemini is somebody you trust and I have to do my work obviously with the others you know what of course would be the easiest is like if you know if JP Morgan which I had I just told JP Morgan listen I want to buy some Bitcoin but they won't do it up so JP Morgan hasn't done it yet I'm sure they will at some point but fidelity has a very money fidelity all right so fidelity has a very big digital asset business and one of the things that they're doing is basically helping a bunch of their clients get into Bitcoin right so whether it can help me I think so yeah they can basically they can have most of my money at the dollar oh then there you go yeah they can absolutely help I'll when we get done I'll introduce you to to somebody over there who can uh who can help you do it well that would be great I mean I look I we got a little sidetracked here but the reason I want to stay with this education I guess that's what I'm about I'm a faux educator if I don't know Bitcoin you know for a long time when people say we'll have a Bitcoin and I say well I don't trade uh coffee and I don't trade cotton and I don't trade Bitcoin and that's a fight for a very long time uh it it worked until the three trillion dollar package because we don't have that we don't have three trillion in this country you can raise to make the rich pay as much as you want this is the first time in my life all right I've said it publicly that I know we don't have the money and I that's one of the reasons why I like gold so much but like you said how about upside okay so a lot of breakdown there but it really comes down to three things first of all in the very beginning Kramer said I'm an idiot I don't know these things and you just have to be an idiot in the beginning because you don't know anything I I appreciate someone who actually comes out and goes you know what I just don't know and it's so rare these days for people to do two things one admit they're ignorant and two admit they're wrong it seems like it never happens like me I'm a moron I do a ton of mistakes like I said I always ask my wife she'll tell you and I don't know a lot of things and there's things that I have to research and that's just how it is so it's refreshing when Jim who is you know one of the staples of the financial industry I mean just because of where he's at and people know and everything else it's just refreshing to hear that's the first thing the second thing is I know he's gonna buy Bitcoin because he talks about his kids he's super worried about his kids and he's like you know what and he talks about how gold his dad taught him about gold my family taught me about gold it's the same type of thing but he said you know what there are certain disadvantages to it he goes you know you have to pay for it to be put into under lock and storage it's very heavy to move around it's very expensive to move around and then he goes he said some I never heard before he said you know what and then from my kids to uncover where it actually is even though I put in a will and I put in trust everything else gold gets lost sometimes he goes it's not uncommon for that to happen since I wasn't born in a very rich family we don't have gold to hold down so maybe that does happen in the rich so you know some pieces get gets lost and whatnot but I thought it was interesting how he said that so that's the first thing and then the second thing was you know about fidelity so we're gonna talk about fidelity he's already got his money there and they already have digital assets which we just talked about so why wouldn't he get into it it's going to happen and I think he's going to be talking about on the show and the third thing you talked about was he goes listen we don't have the money three trillion assets in our man I mean three trillion that we just print out of fit air he goes we don't have it that's America's problem right now and this goes to an article that just came out today and it talks about a macro economic trend boosts bitcoin and gold and I'm not going to go over it in detail but apparently I just talked about the same thing we've been saying on this channel for a long time all this quantitative easing and the unrest politic not politically but globally and all the different things that are happening as far as the uncertainty that's going to happen one U.S. presidential election two small businesses are getting wiped out GDP is down to the coming to the ground and then we have all these things with the coronavirus happening there's so much uncertainty going on and let's not even mention what I said three trillion that is just being printed via quantitative easing you have all that uncertainty people need some type of stability and guess where it's going to come from crypto current digital assets which is one of sometimes one of the most volatile assets that are out there they're going to be shifting into something that people like Jim Kramer can actually get into go you know what you can't print more bitcoin and of course I'm going to keep up with gold gold will do fine I like gold but I think that dram here is like you know what I see what's going on I see the running on the wall I'm going to get into bitcoin and that's exactly why bitcoin will explode and all the other digital assets behind it will explode and that's just how it is I mean I can't put out any more simple than that okay the next part I want to talk about and it's only like 40 seconds 50 seconds it's less than a minute and it really drives home the point to everybody you're going to talk to about people who still believe in saving I remember when I was growing up my mother would always tell me if you want to get ahead in life you have to save your money and put it in it and save me's account you'll be okay which is I'm sure like what a lot of people have heard that are listening to this channel maybe you yourself have heard the same thing but I need to have you hear this because it's super important when you're talking to those people what you're going to when you start talking about crypto current digital assets people in your family your friends your loved ones they're like wanting to save some money well this is why the best thing that you're going to see and you've probably seen this chart before is if you go back to 1971 and you take the US stock market denominated in dollars it's like a perfect line up at 45 degree angle to the right right it just looks like great compounding gross if you denominate the same exact stock market in gold it's down right so the stock market's down denominated in gold it's just the the dollar's being devalued was again that so first of all look at Jim's face he knows all these things he's been in the game he knows exactly what it is so when you take a look at him you're like well that's exactly how I would feel too especially when I realized that the dollar's gonna go down anyhow and let me be clear I'm not saying to never save money we all need cash in our bank accounts for those rainy days or for health issues or for layoffs or for whatever else that comes up I'm not saying to get rid of all money that's ridiculous what I am saying is is that when you're trying to like talk to people who are about you know I just gotta save and put money in you're losing money by putting in the bank and this is why that is what is happening and the bottom 50% that are uneducated about this stuff right they're the ones who get hurt the most because they live paycheck to paycheck they just have cash sitting in their accounts all stuff but for those that can educate themselves you got to get into these inflation hedge assets right and so gold is going to be just fine like it's not a gold's going to do bad it's just that bitcoin is going to be way more volatile and over very long periods of time so this is the same thing that we talked about yesterday for an asymmetrical investment and that is exactly what bitcoin is so I'm not sure what chart Pompiana here is talking about as far as gold and dollar and what not as far as like the stock market but I did find this fantastic image which shows the purchasing power of stocks like the S&P 500 the purchasing power of gold and the purchase power of fiat money all the way going back all the way in 1926 so we take a look at of course the gold part here is the gold this purple line is a purchasing power of fiat money this is the purchasing power of the S&P 500 or stocks and of course you can see that stocks have gone up that is not debatable I believe that is the truth however gold has also gone up mightily I mean pretty well not mightily I would say because me look at the SP and of course the purchasing power of fiat money has just drastically dropped off the face of the earth and that is the whole thing especially on top of that with inflation which is 2% per year so again for savers you have to it's not about how much money you're accumulating it is the purchasing power of what you have and when you can take a look at these types of graphs it really just hits home like holy smokes I might be in the wrong thing the last two parts take a minute and a half and this one just drove home me I had to include it it was just bothering me I just didn't understand why some people would get into grayscale with all the premium I remember back in the day I mean I think I had like a 5x premium just to get in I'm like why would anybody do that why would they go to grayscale and purchase all these things name is go to any exchange and do it themselves well this is why you're the most conservative person in the world you can literally go by gbtc now gbtc is that ticker that just has the bitcoin exposure there's some premium to it right what I would tell people is if you're an accredited investor you can actually go and participate in the private placement of gbtc so you can go to grayscale and say hey I don't want to buy this stock publicly I want to invest in the private placement you got to hold it for six months illiquid right but at the end of six months you still have the same price risk of bitcoin but now you capture the premium rather than pay for the premium oh okay so it's a little bit of premium arbitration just owning it outright is for owning it outright I think is the best thing to do I think that if I'm going to go in here's what I'm thinking I I immediately get comfortable with that grace why do I get convinced of course because it's a stock and that's the whole thing I always forget this part this is one of my problems is that I always just assume people are like me are like or like you and me like we just we get into the space we can see the future it just makes sense and we're going to go to an exchange we're going to hold it we're going to put on analyzer no big deal what's the problem why can't everybody do that I mean I don't even think why people don't do that because I think they'll just do that and I look at jim I'm like oh that's it this is like that that head slapping moment we're like Rob remember not everybody's like you and not everybody's like you watch this video people have their different levels of comfort and there's different levels of what they can get into so some people like Grace y'all like cool some people are just like hey I'm just one of the exchange they have them custody it cool and some people want to do an analyzer because they want to own everything not your keys not your crypto and all that stuff right so now it makes crystal clear sense and the last thing I want to bring up is about dollar cost averaging you know on this channel I'm not big on to defy as far as like yield farming and jumping from place to place putting money into all these different projects whatever else I have a plan and the plan is just to be an investor and one of those things that comes along with that is dollar cost averaging and pompiano brings it right home with a fantastic point about dollar cost averaging from the highest to lowest let's take a listen yeah it does and the other thing you were talking about was basically dollar cost averaging so here's a crazy stat for you which is in December of 2017 bitcoin hit $20,000 right it fell from 18 until today it's now around $11,000 let's call it but if you dollar cost average every single month the same amount of money from the high all the way till today you would be up double digit percentages on your investment okay well that's how I do things I mean I tend to either do it when I was used to be able to be much more active I would do it every month I'd invest every month and then if the market fell between 10 and 15 I would double up that month okay so they're a perfect example of why a dollar cost average but there's another example that I didn't play which was earlier in which Jim was talking about his friends who you know always set him up for advice which makes sense and he just says hey don't go all in you know dollar cost average in you know well essentially what he said is you know put a little bit in and then in a week or a month or whatever else put another in another in because what I want you to do is when the price drops which it will drop what I want you to be able to do is not say oh it dropped I have to sell when it drops you have enough money to say oh I need to buy and that's the big thing about when I talk about dollar cost averaging and not foaming in because when you put everything in and you go wow I just lost 20% it's it's nerve-wracking and if you if you're not used to it you don't have strong hands then you pull your money out and you lose and not everybody is like you who are here right now now you listening you may be early or you may have been like an investor for like 10 years I don't know but that's why I'm always preaching about don't go all in because I don't know who you are and I wanted to make sure that you are safe and you're set up and when things start to drop you're not like I gotta pull my money out and you lose out and you're and you're out of this game I want you to stay in because I know you're gonna make big gains and I know if things drop you have the money to put more in just like what Kramer said and I'm gonna actually implement that in my strategy if it drops 10 10 to 15 percent I'm gonna double up all right so that's really it I'm gonna link this in the description you can watch the whole thing if you want to it's fast things really good I recommend jumping past 25 minute mark because it's all Jim Kramer and then just go with the the rest of the stuff so let me know what you think of the comment section let's move on next up and I'll make this quick micro strategy buys another 16,800 bitcoin it's a lot of money what's going on so on September 14th yesterday micro strategy completed its acquisition of 16,796 bitcoins as an aggregate price of 175 million michael sailor ceo microstrive strategy said in a tweet I gotta tell you uh CEOs love the tweet you know nothing else to do I guess he says to date we have purchased a total of 38,000 bitcoins at a price of 425 million almost half a billion good for them inclusive of fees and expenses in 2012 sailor wrote about the mobile wave which discussed the impact mobile computing had on business and politics and before I go on if you don't know um micro strategy it is an analytics platform a lot of computerized learning and they bought 21,000 bitcoin in august they now own 0.1 percent of all bitcoin maybe now it's 0.2 percent and the CEO stated hey bitcoin is digital gold harder stronger faster and smarter than any money that has proceeded it so my question always is if they're into analytics and computerized learning did they just use all the information at their disposal hey the next big thing is bitcoin and we need to jump on to it which wouldn't make sense because that's exactly what it is and he also sailor is really he's ahead of the curve he talks about the mobile wave and then the firm reportedly pivoted to what was described as the virtual wave which involved the rapid dematerialization of products services and processes enabled by events and technologies and catalyzed by the covid crisis which we see right now with zoom um you know technology is taking over i mean it's already been taken over but with with the coronavirus and everything else uh it's become crystal clear that hey we don't need to go to an expensive office in a business building we can just meet virtually on zoom or blackboard or whatever else is out there or teams and we can collaborate we don't have to have all this overhead to make sense and when he talks about uh the mobile wave i remember as what i was doing digital marketing back in 2012 same things i do now without my other businesses but uh i remember the big switch from desktop uh and tablets to mobile everything that we used to design was for uh computerized or for for um desktops but uh now everything we just we design is all for mobile i mean we there's a ton of analytics and data out there that uh all the different things that people actually buy are the mobile phone and this guy was ahead of the curve back then i think he's ahead of the curve right now buying bitcoin but it only makes sense however he hasn't felt this way in 2013 he tweeted bitcoin's days are numbered which is quite a change in tune and that's the whole thing you're gonna see people your friends family loved ones people out there in in the wild they're gonna say you know what bitcoin i don't understand it doesn't make any sense it's it's just dead it's it doesn't work it's you know and uh they're all gonna come around and that's what's gonna happen so uh i envy you if you are coming in right now because we're in a down market a little i mean we're a little bit of a bull market we're but we're not parabolic like 2017 december so i envy you if you're here right now i think it's the perfect time to really start investing so congratulations all right let's move on last up top analyst says one altcoin massively undervalued goes along in bitcoin a theorem of three crypto assets and why i think this is all a bunch of bs so uh this is from the crypto dog nothing against him uh not at all but i just i've been a little jaded since i've been in this uh in this game for a while and so crypto dog talks about built a cream position recently i think this is a massively undervalued sitting at a hundred billion million market cap and blah blah blah and he starts to talk about uh wi-fi and some other things whatever else i don't really care um what it really comes down to and i'm gonna make this crystal clear let's just jump into the office for the cue of the day all right buddy welcome back to the office so i wanted to kind of explain my position as far as that last article we just looked at so nothing against the analyst who was featured in that article i i'm sure he's got you know a great profile and everything else but the thing is that you have to understand with this entire market with any market with with anything that's out there is that people are going to be biased and even me i am biased myself like i mean i have uh heavy positions in bitcoin ethereum chainlink cardano xrp tasos theta and list goes on eos so when i talk about these things it's not because i'm not trying to be biased i'm trying not to be but there's always gonna be something in my head always that says talk about these things talk about these things so when we hear these analysts claim you know oh you know i get this huge position you have to always take a step back and go what's the real motive is it because they believe in the technology they think it's going to change the world they think it's a good project or is it because they're just trying to pump their bags now there are levels of nefariousness right some people are like the worst the worst and they just talk about a project just because they got paid to talk about a project and in the back of their head or even in the forefront like this is trash i don't really care but i'm just trying to you know put it out to you suckers and then there's other people who you know are like hey i invested into this i totally believe that this is going to be a very big thing and i'm just going to talk about it because i think it's going to be awesome now i'm the same way with a lot of my positions also for celsius and voyager i talk about them a lot because i'm right in my one two punch and i totally believe in what they're trying to do and i am behind them so there is that part and um i didn't really want to get into it but i probably should and that is that there was a there was a live stream i was doing actually wouldn't know it was a premiere and we were talking about a specific um cryptocurrency and i won't give you the name but i own it and uh i'm just too stubborn to give it away anyhow we were talking uh there was somebody who was just you know talking about how great it is and this and that and he was he or she was down playing and poo pooing on everybody else's project which i gotta tell you nothing uh infuriates me more like people talk about all these comments don't don't make me angry or whatever else well there's some that do make me angry and it's one people will talk about a project and if they believe it or not i i can never tell but they're like oh this is a scam and this is awful and this is you know it's i'm like do you really think it's a scam do you really think it is or is it just because you have so much into a specific product that you cannot see past your horse blinders into another project and that is the big thing and i think that's the problem with bickley maximus and i am always very wary about me falling into that trap where i just can't see behind or beyond my horse blinders because i have these positions so uh we were talking about this uh this specific about position all these different any you know he or she was talking about how they're a scam and whatnot and uh it was revealed that this person uh had been had you know really pumped their bags a long long time ago for a specific product and again for some reason i mean nothing about you know you should be you should not you know fill your bags if you believe in the project but i just need people to be aware and i try to do this as best as possible and that is that you have to look for the good in certain projects if they are a total scam if they're a bit connect and calm a bit connect but i need you to really do some research and not just go it's a scam it's a scam it's a scam it's a scam it just is it really doesn't bode well for the whole cryptocurrency asset market my philosophy is this and when i'm going through coin gecko you'll hear me say this i don't own x congratulations to all you x holders good job of holding this the whole time or whatever um i was talking about neo being one of those types of things so i am under the belief that uh when the water rushes into the harbor all the ships rise and what's good for one is potentially good for all so the more um fantastic we are to build our community cryptocurrency assets i think the better off we will all be there's a lot of eyes in this space right now and you don't see it but i see it i see it everywhere and they are looking at us and they are evaluating from all different types now if we can come together and talk about how great certain products are fantastic just if you're going to call something a scam talk about how it is a scam and then just you know give your your points but don't just totally assume something is awful and then go from there all right that's it so i hope i kind of clarify my position on that uh just so you know we have a secondary channel called digital asset news clips i made it for two reasons first of all so you didn't have to watch the whole video you can break it down to clips because time is money right and second of all i did it just to make sure that youtube doesn't x me out and get through to my channel so this is like our backup and also what i try to do is every day is i do a band clip exclusive where i answer questions or go over a separate piece so just as a little incentive to have you go over there and check that out and i really appreciate it if you could so so that's it for today so thanks so much for watching all the way to the end really appreciate it and i'll see you on the next one come out