 Great one measure less at news take a top stories in crypto and break them down into bite-sized pieces So today just the thumbnail suggests this is going to be the case to do nothing to do nothing In crypto and it's really just to peel back into how that could actually help you So first thing we're do is run talk about how right now People are losing their minds and we're going to talk about how sometimes just doing nothing can actually be very beneficial Also, we'll take a look at a story about the frozen Canada funds have moved Which is great, but the big question is can you actually spend it on these exchanges? We'll take a look at what Jesse Powell said CEO of Kraken before and also Brian Armstrong And lastly we'll take a look at the SEC verse ripple case Is this a billion dollar case in futility and we're talking about one Recent billionaire who beat the pants off the SEC So if you think that it's not it's insurmountable, I think you're wrong So get all those things also talk about the Puerto Rico meetup Which will be tonight from 5 p.m. To 7 p.m. We'll do all that great stuff But first let's take a look a little bit of market recap if you're here for the live stream welcome Thanks for stopping by appreciate it if you're watching the replay time stands below all that good stuff You can fast forward but everything really just go goes in a sequential manner And then also the news takes about 15 minutes or so the Q&A will take about it's five questions in five minutes So we should get out of here. I try not to be too rushed or fast I try to be as concise as I possibly can and let's get into it before we do that Let me just take a look real quick And the audio is good, so let's take a peek and just what the heck is going on not a bad day I'll be honest with you like every day. I wake up. I just expect the market to drop I just I just do because it's been dropping You know for what the last month or so and it seems like it's never gonna stop But hey whenever you think, you know the market the market does the exact opposite remember that it'll serve you well Bitcoin's up 3% it's pretty good if there ends up for almost at 20 so almost 2,800 tether Yeah, my ass coin USD coin yeah 4.2 man 13% for Tara. That's a great It's a great pump in 24 hours avalanche 10% Wow 7% for Shiba Inu congratulations Shiba inu polders polygon I got one of some a bunch of that and just across the board everything's good so I Will just say this you know when everybody tells you when in doubt zoom out and it sounds good And it makes sense because we really need to but the reality is if you're gonna do say that when in doubt zoom out It depends on what you're zooming out for but I want to remind everybody that even though We're up today in Bitcoin take a look at the seven day We're still down 12% we're still down 13% finance going 12% 14% and as far as all-time highs We are still down. However, I just want to get a little bits of the reality of the situation Don't want to be a moon boy But take the wins take the small wins when you get them and that is today so the question then really comes down to this and Well, first of all just real quick S&P 500 is kind of rallying this was yesterday. So who knows it'll it doesn't open up for you in 25 minutes and Nasdaq is doing okay. Let's take a look at the five-day actually. Yeah, that's awful one month. Yeah, six month. Hey One year. Ah, not so good So again You can make your case where we want to if you want to zoom out for five years like that's not too bad But if you look over the last year, yeah, that's a good And I know for a fact because I've done this poll before a lot of you just got it in recently So don't worry if you don't like the the price just stick around It's like the weather in Houston it'll change or it's like raining in Puerto Rico Yeah, it'll change at a moment's notice. So that's what we got but now let's let's break into the top story as I call it which is people are losing their minds and I put this out on Twitter just about an hour ago And I'm just people are scared and I get it I understand why because I can see I mean if I was new this place I'm like what the heck, you know down 40 50 60% It's just a market. They're down 2% So people are going a little bit crazy market fluctuations and I keep seeing more and more Videos about the world the economic forum and there's the great reset and is upon us Canada is locking down everything and they're and they're freezing accounts Ukraine and Russia and America and sanctions and everything else that that's going on and I'll just remind everybody First of all the world reset and all that stuff I'm old and I can just remember these same stories. I've heard forever Forever. I got a friend Andy. He lives in El Paso and he told me about the great world reset 15 years ago and he moved to private secluded area and Has his own well and his own chickens everything else and every Seem like every week you tell me the same thing world resets common world resets common world resets common and I'm like Where is it and actual in actuality? It's all around us already. I mean if you really think about it Will we go in this dystopian future? I don't know an alphas crystal ball But it seems like and this does is exactly what what Peter Lynch talks about He says look he goes there's been more money lost in people Anticipating the resets or the pullbacks than the actual pullbacks themselves So I've seen this from the 80s economic Downfall when Reagan was when it was was president and the a little bit of the recession before him They take a look at the 90s another recession with Bill Clinton They take a look at the 2000s George W. Bush 2008 the the housing market actually go back before then 2001 2 and 3 Dot-com bubble and everything's gonna go to hell and then why 2k everything's gonna collapse and everything else I've seen all all before and it's all the same story repeating and repeating and repeating and I even see like I mean pretty reasonably smart people like Jordan Peterson is like I'm taking all my All the money out of the bank because some guy that I know in the military said I should do that Here's making the case for nothing and I just doing nothing and sometimes it just helps just to kind of sit back and go Is this what it's all about so I? Personally what I'm doing right now is I'm doing the same thing. I've been doing Since 27 well 2018. There's just dollar cost averaging. I bought five was a five things or six things day It's the same stuff all the time. I buy a Bitcoin Ethereum chain link Algorand I bought Cardano because it's below a dollar. I'm like why why not and I also added gala. I used to gala games I used to dollar because I was at before and it's really slippery below and I really want to be a note operator So I think gaming is huge. So I kind of do it Just a little bit diversify But there's another case that can be made and that's just doing nothing and there was this great piece This is Josh Brown. Let me pull him up. See you actually see it and He runs or is one of the chief is the CEO of Right holds wealth management and he was on this little show called CNBC market alert and everybody was and it was pretty good The the first gentleman I forgot his name He talked about look everything's sucking right now and we know why it is I mean we see that the feds coming out at emergency meeting He goes in a couple weeks They're gonna come out and say is it gonna be point point two five point five basis points We don't know he goes but it's pretty much priced in earnings report came out people sold at the end of last year He goes but remember he goes in Q2 We're looking at people and companies buying back He goes so I expect things to get a little bit of a rally and then Josh puts a little cherry on the Sunday But he says this is what I think would actually help a lot out. So Take a look some of this guy he's been around for a while has a little bit of history himself Just like my and I thought it was a pretty good advice before I do that. Let me stop Let me share the actual tab so you can hear it because it's gonna be important and When you You so that's not in itself in and of itself a bad thing and I do agree with Jim now We're through earnings earning season was strong the the pre-announcements weren't great There was there's a lot more negative guidance than yeah, we've had in recent quarters but The countervailing force to those negative things are now that we're out of earnings the buybacks kick back in That's one to probably gonna go a few weeks before anybody has anything negative to say if they had something bad to say About the outlook they would have dropped it in the last four weeks And if there is some sort of resolution even if it's war by the way The market actually prefers that to sitting here waiting to see what's gonna happen. I hate saying that out loud I'm just giving you the truth. So here's a lesson. I want to say Sully and I'll let you go to the next person One of the biggest mistakes investors make is thinking that the they always have to know buy or sell There's a third answer Buffett talks about this game as being no cold strikes. You don't have to do anything So if you just put five long trades in a row in good companies and all five of them went against you within 24 hours Maybe stop. Maybe you don't do anything for a second regroup. Get your thoughts together You don't have to have an answer every day by yourself You could just sit tight and I think if you've been doing that It's really since the second week of January You're probably in better shape than the people who think they're gonna trade their way out of this You're not going to and that's really what it comes down to I mean If you think I mean there's some fantastic traders out there I'm not gonna take anything away from you You know if you think hey, I can do it go for it But in all honesty some days I just kind of sit back and I go, you know, it's just I'm not gonna sell everything. I just know I'm not going to it's the same thing that happened 2018 I think sometimes people if they just do this if they just sit here and they put Their positions and go I'm just not gonna move I'm just gonna wait because as time goes on statistically things go up now. Not everything goes up I'll always refer to my dash of salt analogy take a look at dash take a look at salt as far as crypto Not everything comes back But a lot of times you just sit here and don't do squat and just say you know what I'm just gonna wait for the market to Figure this out because I'm not going anywhere. I'm not losing anything. I don't need the money I don't need kidney transplant or something like that. Maybe you do. I don't know So I'm just gonna sit here and watch it just you know unfold and even like like you said even if Ukraine and Russia do go to war. Okay, well, he's the market like he says now. We know what it is now We have the rules. Let's work around what's going on in the game And it's the same thing with regulation if you can do the same thing with regulation and go tell us damn rules SEC so we can know how to play the game and we'll work around it But you don't give us the rules and it's the same thing what's going on in global politics or anything else Master So sometimes just sit right here wait a little bit out if you want to dollar-cost after sure not investment opinion Just investment bites Let me know what you think about that in the comments section and I will finish up with for this part with this look Now's the time to plan when everything's kind of sideways and choppy so like this is my cash out plan I've done many of videos on it. I'm never gonna cash out all my crypto But at some point I'm gonna actually put in the other assets that do appreciate I mean besides cash, I mean what says beyond this cash is not appreciating is depreciating But it's good to have power on the side 25% stable coins because I can earn 9% on that that's pretty good and then masterworks You know if I want to buy fractionalized share of artwork 15% of land 20% also into real estate Not now could super high 10% my Amazon business 50% is staking and then I trust capital So just so you know I trust crap look capital the upper left hand corner. It is a Roth IRA It is the exact same thing that Peter teal did he took to stocks for his PayPal stuck it in there He made five billion dollars guess how much he's paying on taxes zero percent in taxes That's what I think this can do for author and that's why I have it Also masterworks if you think yourself like well I know rich people sure do like to buy their art and they sure do it's actually Uncoordinated to the traditional markets and I think even the crypto markets That's why I have about five percent and then if you want to take a look at those two things There's a link in the description Looks just like this check those out playlist discounts all that good stuff And the last thing here is my Dan real estate playlist This is just what I figured out along the way because again I'm gonna put some into real estate especially for short-term rentals Airbnb and verbal So that's what we got for that again. I won't show it too hard, but that's what we have Let's move on shall we? to frozen Canada funds and What happened so this one we've been following this for well since it's going on a couple weeks now, I believe and There's a protest I need to make mention that I am not here to debate the merits of the protesters and what is going on That is for a political channel, which is this is not it if you want a political channel Don't come here you want to talk about crypto and gel assets because there was some freezing of accounts in crypto And that's not good for us because we think that's okay to do Depending on who it is again political Just remember that if they're gonna freeze those accounts they can freeze anybody else's and also as a as a reminder These are centralized exchanges wallets there that they're freezing. They're not freezing cold storage wallets They cannot do that. They cannot freeze your Ethernet wallets your Meta mask wallet Those are self-custody wallets. They cannot do that but they can freeze the centralized exchanges and this is where this one gets interesting. So frozen Bitcoin Lands at Coinbase, here's what's happening the crypto tide of the Canadian truckers protest has been on the move which the Authorities that be in Canada said don't do that and they did it nearly all the roughly 20 Bitcoin Which is almost 800 grand sent to the tally coin fundraiser and just as a reminder they send a tally coin fundraiser because the other one the other Fundraising platform, which is centralized they shut them down and they froze everything I think they gave the money back, but they wouldn't disperse it too as it was supposed to be so just so you know centralized sometimes not the greatest most the 30 Bitcoin wallets identified by the Royal Canadian Mounted Police as being attached to fundraising have been drained as well with only six combined between them What and this all went to? Coinbase and Crypto comm so the question then is will the recipients be able to use the funds to buy Goods or services, and I think this is where it gets interesting because in all honesty The Canadian government they could reach out the crypto comm which I think is in Singapore and They could reach out to coinbase Brian Armstrong here based in California and say hey, we want you to freeze those wallets Now I'm questioning if they're gonna do it if they're gonna reach out to them Well, we want all that stuff frozen, and we want to return to us or and or return to us if that happens Will the government allow that the US government to say yes, we'd like to cooperate Well, Brian Armstrong do it Jesse Powell Cracking CEO he even said yeah, I'm gonna do it, and I don't want to do it This is but I will there was a tweet that he was delete but Which was deleted but he says yes He will because he has to and then he actually said if you don't like this Then take all your crypto off of the exchanges and put it in the cold storage because we can't touch that So we'll follow this up and see where it goes But it's an interesting thing to see if it does happen If the Canadian government reaches out to the American government and says shut them down and return it to us or not Let me just think about that comment section because that is a case which would leave me to my next and last point The SEC this is a good one actually So as you know the SEC is suing ripple As a unregulated security which is the excerpt which is excerpt the ripple is the company But this is good former SEC official predicts regulator will lose on the merits of The case against ripple Joseph Hall believes the SEC is not yet equipped to handle litigation and cases concerning crypto as securities yet Yeah, because they keep using the Howie test which is based in like the 1920s or 30s to To extrapolate the information as far as if a security is in the digital area makes no sense Making it hard to win the case against ripple. Here's what's going on former executive from the US SEC Please the regulator has a good chance of losing it's one point I didn't know this is like thing 1.3 billion dollar lawsuit against ripple just on the merits and of course I don't care if you hate excerpt P or you love excerpt P You should all be rooting for ripple the company to win this case because it will have ramifications now They come on they lose and they say well, that's a security It's just gonna be a hassle, but it's not gonna stop the inevitable. It just slows it down Look, we buy securities all day long They're called stocks and you go to Robin Hood and you buy those stocks. That's a security It's just the only thing is they got a register with the SEC so they do that sure go right ahead again Give me the rules so I can figure out how to play and I will beat you at the game The lawsuit alleges that the company and its co-founders Brad Garlinghouse and Christian Larson filled and notify the SEC about its sale of XRP in 2013 and that the tokens are unregistered securities the SEC has been trying to prove that Securities fraud took place as well Hall believes that ripple has a strong defense because I was like why why is this just something plod here out of your a Or do you really know why? How believes the ripples a strong defense on the basis that the SEC failed to give fair notice of its investigation? SEC is required to notify individuals and corporations that they are being scrutinized Which is why I think Brian Armstrong and coinbase one of the office go Let's play ball. I want to be good and I'm here like you asked me and here's what we want to do We want to have a yield program for crypto. They're like, thanks Sounds good seeing a bit and they send him a letter and says season assist or we'll sue the pants off you So if you're looking at like the way that the SEC operates that's how they do it Scheisters he states I'm very sympathetic to that argument It's a basic due process argument The ripple network was operating for years before the last minute following up a lawsuit against them And here's what I want everybody remember. This is extremely important The SEC is in some juggernaut that can't be beat they get beat just because they have you know The entire weight of the US government behind doesn't mean they lose Mark Cuban beat him This was in 2013. I don't think I remember this but the SEC lost its case against Mark Cuban Because they said that he was liable for insider trading and Mark Cuban Billionaire could have said, you know what? I'll pay the fine way cheaper, right? He's like, no I'm gonna show you guys what's up and I'm gonna take you to court and I don't care how much it cost me And I'm gonna go and beat you and he did and it took the jury less than five hours to figure out that Hey, the SEC is full of it and they granted it to Mark. So here's the thing sometimes when you get a bully Sometimes all you just stand up to the bully and say this isn't gonna happen And that's why I think that it's good Unfortunately that ripple has to take the brunt of this and that's why I'm cheering for him and that's it So let me know what you think about that in the comment section and lastly if you're in Puerto Rico and you like Well food brisket fear all the good stuff I'll be at the smoke house and we did this a couple weeks ago actually about a month ago She's been so long and this is gonna be tonight from 5 p.m. To 7 p.m I didn't put the link in the description. Sorry about that, but he follow me at news asset I'm always tweeting about it and you can find the address and all that good stuff there so come on meet me and We'll talk crypto and talk about some strategies and all that good stuff and you can find me there and that's it So look if you have to take off That's fine, but this concludes all the news damn 20 minutes. It took a long time So first of all, thanks for stopping by appreciate thumbs up if you liked it thumbs down You can do it, but just do me a favor and tell me in the comments Which didn't like so I can try to fix it next time and also consider subscribing. You're already here in my little subscribe And that's it for today. So if you got to take off. Thanks. If not stick around five minutes five questions in five minutes Let's do some Q&A. Shall we pop up up? Okay. Hey, how you doing? Starting to play profits taking that's good Ah DCA every day, which is not a bad plan, but I did make the case, you know Somebody's just sit around just don't do don't do anything works out pretty well I know some people like sold all their crypto and they're out of it But I'm like, you know, I could have done the same thing in 2018 because I lost so much and Good thing I didn't I was buying Bitcoin at 5,000 Ethereum at 300 bucks 200 bucks. I was buying Cardano at seven and eight cents. It's pretty good day And then also if you're gonna do a super chat, I appreciate it But if I don't hit it if I don't see it, I'm sorry because the This one that I'm using doesn't always pop up. But yeah, Jason says it's crypto safe with Voyager I love the platform. Thanks for your service and our first. Thanks, man. God bless you. Love ones. God bless you So for Voyager Nothing's a hundred percent safe. I mean in the bank if you have over 250,000 Let's say 300,000 in the bank is robbed you're only gonna get 250,000 out of your whatever you have That's FDIC insurance. So with Voyager remember Voyager is a brokerage and they work with the different other exchanges, but They're pretty secure. I haven't had how long has it been since voyagers have been out three years for you I can't remember but they never had a hack. They never had an issue They never had people they've they've shut down the app because they were concerned about some malicious activity But I've never had anything hacked so far So what I'd say like this is be careful if you don't feel comfortable with keeping all your crypto Which you shouldn't then take it off and put into cold storage That's what I would say but I've got a pretty sizable amount of crypto on there and I'm gaining yield and I'm pretty happy with it and I will Tell you this when they get that direct deposit thing all the direct deposit payments that I get are going straight Over to Voyager first and I will transfer them into USDC as I see fit and gain that sweet 9% yield and that's what's up And on the opposite side transit says Voyager is crap. So take it take it as you will So this is better Celsius is a bit better. I was on there. What's it called Twitter? something where you Twitter spaces it was a me and a bunch of speakers and Alex and talking last night We also did that one also did the one for Dan For his on his YouTube channel and talked about I don't think they recorded so you missed out. Sorry Follow me at Twitter. I everything I talk about here. Did you talk about Twitter first? What a bad time Yeah, everybody talked about H4. I really should look into it See what you cranes now part of NATO. I think that was the exact opposite string. They were trying to stop Yeah, it's a nice day here, but I just remember, you know, sometimes I like a little variety It's I'm not gonna I'm gonna complain. You guys will be mad, but some days. I'm like man 80 degrees again Let's see and I think we've already gone through one question. Let me go to the very bottom. That's for This is question number two Is it inevitable that all decks APRs will drop? How is 10% it's not sustainable if you take a look at anchor protocol There was a great video that guy did and it's like 20% Yield for anchor even the team and anchors like this is not sustainable But for right now it is because we're really in the early days as time goes on that APY will drop but Like two shorts as getting where you fit in and make sure that you just take advantage of those times now I will say this if there's any risk that's out there. It is in DeFi So you just look up DeFi rug pulls and it'll be tons of different things. So that's what's up. Oh those frogs cookies Luna shoots 10% because big institutional boy raised a billion dollars the OC stable coin smart money is moving Comes Luna foundation raise them going through another sure Question number three mark moss just left Puerto Rico. You're gonna say I watched the video Mark Moss is leaving because he really Does not like the fact that he has to show that card everywhere he goes. That's his right And he's out of here. I think he bought he had a really smart thing he bought a ranch outside of Austin and He's gonna do it for a short term and I think memes from rentals and one of the things he's gonna do is which is what we do me a wife to and One thing he's gonna do is put on tiny homes on his ranch was like 12 acres He's probably gonna rent those out as well. So it was a to get to the point Like we talked about as far as like regular strategy, that's a great asset to have houses and real estate watch my playlist on that because remember Houses appreciate usually Land but you can also use that as far as like it's a It's an asset that you can use on your taxes for over over 30 years for the depreciation part of it But over time it does do well and especially we're gonna do like short-term rentals. So that was pretty good Am I gonna stay? Yeah, I'm gonna stay. I don't see like I don't have a problem with that Right now But if it gets to the point where like you need a third jab and a fourth and a fifth jab I'm like Jesus Christ So that's what's up and of course That is what it is This is a good this is question number four Do you think a US spot ETF is priced already? No, cuz it's not gonna happen period Me and like I've had discussions other people about the spot ETF This isn't gonna happen. Look as long as Gensler's in the house with that. He's not gonna prove that stuff We just did a story yesterday about how the European ETPs are exploding and of course US is like who cares we don't really need that money We don't care about this because we're trying to because Gensler has some kind of Something in his head is like crypto is the worst thing of all time. We need to regulate this because so many people are getting hurt Whatever so the only thing that's really being hurt are the investors that can't get in For some decent projects now. Yes, they're gonna get rug pulled. Yes, there's gonna be hacks Yes, there's gonna be all these issues, but you know what? sometimes Sometimes if you if you allow people to get burned in a small way it can work out now if you're gonna lose all your all your life Say obviously not and I got to tell you Russia did a smart thing. They're going to allow cryptocurrency To be able to buy crypto and digital assets and what they put on there and yet in these exchanges They're gonna have is a test and if you pass the test you can you can spend up to like $7,800 USD and crypto if you flunk the test you can only spend like 80 bucks I'm like that sounds pretty reasonable like we have this thing called accredited investors Which if you're a credit and investor it means you made a lot of money and if you made a lot of money like okay Well, you're savvy enough. I get it. You're savvy enough to buy these other things. That's cool and You can make more money But if you're not savvy then you can't and you're out of here But the problem is that there's some people that are actually savvy They just don't meet the requirements to be an accredited investor So it rushes like if you're smart enough to figure out about investments and you know these things sure go right ahead We'll give you a limit. It's pretty good 8,000 almost 8,000 bucks But if you don't know what you're doing, we're not gonna allow you make sense to me So anyhow to answer your question US isn't gonna approve an ATF. I've been wrong before Go watch some my price prediction videos awful and last question how liquid is masterworks, so if you Pull this up That that that Sweet Mary and Joseph there it is so where it says invest in shares of multi-million dollar paintings. There is The deep dive video explains everything on that video I explained exactly how liquid it is because you have to honor also understand about masterworks but I didn't mention here, but I mentioned that in the deep dive is that that Those paintings are securities and they register everyone those paintings with the SEC and with the SEC They have to verify a lot of different things and also one of these things liquidity So and another thing is that you don't have to hold your funds into these Multi-million dollar paintings you can just say you know what I'm gonna bounce and they have an online Portion where you can sell off your shares and there's people always always buying always check I check it every so often there's always people going Hey, I want to one of the things they really want is a Banksy everybody wants a Banksy and I got in so yeah, you can do that and That's the big thing. So look this is going at 30 minutes. I'm going too long Apologize, but that's what's up. So look if you're coming tonight. I'll see you tonight If not hit the like button again, you're free to hit the dislike Just tell me why so I can fix it and then consider subscribing. That's it for today. Thanks so much If you watch the replay, I'll put two videos up so you can continue the Dan experience and that's it So thanks so much for watching. I appreciate it. See you on the next one or I'll see you