 Digital asset news to get top stories and crypto current digital assets and bring them down to bite-sized pieces today is One of those days that really just blew my mind That's all I can really tell you so I'm attending right now the micro strategy world now conference And they're going everything about how Bitcoin works the macro strategy and really delving into why? Corporations and institutions need to get in this like right now And it's only been two hours or so that we've been into it But already I mean all the things that I know I don't know that much And I'm gonna go over everything that we talked about or that was talked about We're gonna talk about this reserve treasure reserve policy quickly Take about corporates investing in crypto, which is all good information But really it comes down to this guy right here Ross Stevens He is the CEO of NY dig and I'm gonna explain why this guy really should be the spokesperson for Bitcoin moving forward So we'll take a look at that But first let's take a look at what's going on in the market. So today is February 3rd almost a high noon high noon, Texas time Trying to get through this before the next session comes about and thank I don't have a great memory So what I did was I just tweeted out everything that I thought was interesting that was going on So let us go over what the things that were said in detail and we'll do that in a second so Right now Let's take a look at the market. So trade the chain if you don't know trade the chain It's a pretty great format This is it's it's good to see what's going on in the market But it also does sentiment analysis and gives you a projected price range Just based on news and what is going on in the Twitterverse because in my opinion this whole market's moved by news That's pretty much about it. All right, so Bitcoin the last 24 hours up 6%. That's pretty good 37,000 not too shabby Ethereum 10% Ethereum might at some point soon break that $2,000 barrier Let's hope so head is tether and then polka dot has flipped with XRP yet again, which is not surprising I'm not really happy about what happened with the XRP pumped up. Congratulations. It makes us look really bad And that's it. So XRP although it's still up 3% for the day at 38 cents Cardano up six point six six, but still maintaining around 44 cents Hopefully get it at 50 cent mark and that'd be great like horns up 8% chilly You know what in all honesty everything's up like massively today. Not I mean Massive big for us, right? I mean it's colossal for the traditional markets. We just call this a Wednesday. Nobody cares But yeah looking pretty good 16% for Ave. What else is the big movers and shakers? 4% 8% for synthetics 14% for sushi sushi defy go figure But yeah, and also I just see no synthetics. You can get a fantastic AP wire yield if you put it over with cells You think it's like 18% right now Matic and and and synthetics are huge So let's everything's up in this entire market and it was kind of what I was I was kind of thinking this would happen I mean with Bitcoin and Roy's was gonna triple over to the alt coins But retrospectively looking back I can toy see why that would happen and this is a video that we did just a geez January 27th And we talked about this event that's going on right now with Michael sailor Michael strategy And I said hey, they're gonna get together all these institutions and all these these corporations They're gonna permission to give them the playbook and once they lay it out There's gonna be some huge FOMO going on and just in the first two hours what I listened to I got FOMO I was like holy smokes. I haven't put enough money into this. That's a Reserved, you know dollar cost average all that good stuff, but yeah, it is it is exciting But we just have to you know, take a step back and look at what is going on and just Gobble up all this information that we can so let's just break in to what's going on. So This is today the Michael strategy world event and it's two days So our first days are pretty much Michael sailor talking with some different guests talking about how how they did their Strategy to acquire so much in micro transactions and then tomorrow they're gonna have more big people come in You're gonna have the coin bases and the crackings and the Gemini's and they're gonna talk to all these people and just pretty much say Hey, this is this is how they do it. We can be your custody partners We want your business and they're all here. They're all here in one place. It's beautiful and One thing that really struck out to me was Michael sailor when he was talking. He's very humble. I mean usually in different Interviews, he's kind of like, you know, he's just really laquacious guy. We talk and it really gets out there But this one he was like, you know, I just really missed the boat on Bitcoin Like what the heck this is the guy that's saying he missed the boat of Bitcoin. It was pretty interesting And he's like he's like I never understood how big it was and then he started to talk about, you know He's really really is a futurist kind of like you mon must he talks about how a year ago He thought that the only way to communicate with people was face-to-face He had to be he had to be in front of people's face to make them understand He said the world is changing and it's changing at such a rapid rate that we just really can't comprehend it And when we have such such a rapid pace all the things that I used to think were true isms are not and Me being able to be in front of people that is not the case. He goes I can do everything remotely I can doesn't matter what time zone you're in any part of the globe It doesn't really matter anymore because we can do so many things with technology that we just didn't really think about that We could do he was now it opens up a lot of possibilities such as with Bitcoin So they gave us these are just downloads and I'll all disseminate this information as best I can later It's pretty lengthy. Well, it's 16 pages, but small font and just talks about their treasure reserve policy Also gives us the corporates investing also gives them tax advice and all the different things that that they did so really Like I said before they are giving them the playbook on a golden platter And it is not they're not even like I'm attending this for free They have premium events for for the big people, but it's just peanuts for for what they could pay and what they're actually Going to get as far as an ROI so I Think things are gonna start to move much faster after this now. It could be wrong. I mean again Antities corporations institutions. They're not known to make a lot of fast moves But you gotta if you got big companies like a mass mutual insurance company. I mean they do their due diligence I think people can look to that and go okay What did these guys do what's going on and the big thing of course is scarcity or the fine-nigh-ness That's even a word of Bitcoin and with all the people in attendance and I can see who's attending And I can say there's some pretty good big people out there They've already connected with me and I'm just telling you like these people see all the other people going okay Well, there's only so much to go around. I need to get in this and this is what this gentleman right here Ross Stevens was talking about today. This was the first hour and just in this hour I wish I could have recorded it. Hopefully they'll put it up. They'll probably put up and snippets later But well, first of all, who is this guy? Who is it? Was it Janitor? No So Ross Stevens he found at NY dig and in my dig if you've been listening to the news lately They're the ones that are really getting in for you know hedge funds and really getting into the allocation of Bitcoin buying up Bitcoin and being a part of that process and they've got a pretty big order book and Just to give a little something away Ross even talked about he goes look he goes We had five billion we've we've gobbled up the say two to three billion up to five billion He goes but the next by the end this year. We'll have 25 billion worth of Bitcoin He was not just us and I'm like here we go. Anyhow He serves as its executive chairman Ross also founded Stone Ridge in 2012 and serves as the CEO and member of the management committee Ross started his career at Goldman Sachs. That's receiving his PhD in finance and statistics From the University of Chicago and his BSE in finance from the University of Pennsylvania at Wharton Founded Steven center innovation in finance University of Pennsylvania. So pretty smart guy and when he's talking I could totally understand and there was things that The concepts and the history of money which was fascinating when he took a look back all the way into Japan and China and and how fiat just has always crumbled and The central banks how they've made the mistakes So there was all these different things that came about that came about so quickly that I was like, you know what? I need to really to jot my memory or you know so I can jog my memory I need to write all these things down and what I did was I just tweeted them all out because that way I could tell you what the heck is going on and what he was talking about so remember this isn't this is me looking at this These are big corporations. These are institutions They're all hearing this same message and this same message is going to really soak in and again like I've said before I don't think that all these places are gonna be like, okay, let's do it tomorrow. Let's get it done There's gonna be some like that. I think very few like that But others will be like wait wait, this doesn't make any sense to me I need to really you know digest this give it to our legal team our financial team and see if this really works for us And then some people won't do anything with it. So there's it's just like an adoption curve So that's I think what's gonna happen. So this was all the tweets. I sent out. Let me just scroll down. Oh Yeah After Steve, okay. Oh, yeah, I'm in a joke here. I Said Mike's over came out and he's dumping all his big going for doge just kidding anyhow And then so the very first part where Ross is talking about he goes And it's true He goes this whole conference is about reserve assets and what they really try to get into the heads of all the big CEOs that are that are attending or even like small business or people in annuities or anybody with hedge funds it's really about All the different assets that are out there that if you are in fiat or if you were just in money Ross even said he goes we can't get out of fiat fast enough as soon as that comes in We are swapping it out for Bitcoin and he even talks about he goes these days He gave a good analogy. He said when you first learn Spanish or when you learn French you have to you know transfer over the The wording from English into French and then you speak it or English just actually speak it He was the same thing happened with Bitcoin when I first got into it It was dollars to Bitcoin and then I would put it down because but now everything is just in Bitcoin and Because of that everything's a Bitcoin everything makes total sense and I can kind of stand where he's coming from it makes a lot of It makes it makes sense to me and then he says this and he goes the CEO's question He's talking about all CEOs question right now sitting right here is usually this how do we change liquid assets? Into e-liquid assets and our e-liquid assets into a liquid assets cash Is well so the cash is not a liability cash is now a liability and it's the truth because Liquid what's happening with the quantitative easing with all the different money payment is going on it is devaluing the dollar So all these these CEOs the CFOs or CIOs that are sitting on this mountain of money It's on fire. Well, it's like like sailors like Michaels will talk about it's like it's like a melting iceberg So if they want to just sit there and just watch it evaporate, that's fine But it's going to happen, especially with what is going on and we're gonna have a there's a bill I don't know if it's two trillion or three trillion which is weird to even say I don't know if it's two or three trillion in these days But that's just how it is and and if I say that so flippantly, I'm just an average Joe Well, you know, how's everybody else saying it? Oh, it's just three trillion dollars, you know What is wheel it around a wheelbarrow is or whatever else? all right and Then he talked about Bitcoin is the only form of money ever in existence that is entirely Unaffected by demand and it makes sense. You know, I own gold and silver I know what what gold bugs are gonna say. Well, you know, what even though that there's more demand. We can't do anything That's not true. I mean you can you can rustle up a ton of more people or even a new business and go We want you to mine gold. We want to put my money into the smeltering plants We want to do put my money into the processing of gold so we can extract it from the ground faster and we can get it You can't do that with Bitcoin. You just can't do that with Bitcoin. It's just like bitcoins like I don't care what you want This is how much I'm gonna give you this is, you know, it's all mathematics and I can only give you so much per day I think it's 900 Bitcoin per day right now and That's all you're gonna get and the last one's gonna be mine at 2140 So hope you got time because I'm not doing anything and then The last well we'll move it on he says um, I didn't know this he says visa isn't that fast Final settlement actually happens in two or three days with your banks when you buy coffee There's a transaction and we always think about TPS the transactions per second We talk about visa being so fast at like 50,000 or 75,000 TPS or whatever it is and we're like Oh, well, you know Bitcoin can never match that but he says that's not the case He goes you have to understand he goes the final settlement doesn't happen for two to three days between visa and your bank so right that we're right there there's a little bit of credit going on but there is a long time before there is final settlement and he's gonna talk about zap and Jack mayors that his name. Yeah, I'll give that a second about how they are able to transfer Thousands millions tens of millions of dollars in literally no time across the world for free and It's on a scaling solution and it was pretty fascinating how they did it and then he says We believe that the value will depreciate over the next 10 to 20 years Oh, I should have said we believe that the value of the dollar will depreciate the next 10 to 20 years relative to Bitcoin So for us, it only made sense to move our cash reserves into Bitcoin. There's this picture right here. Let me Let me blow this up I don't know if you've ever seen this But I had this image before And it's the purchasing power of the US dollar going back from 1913 to 2013. I can tell you right now 2021 it's even gone even below that. So this is why we talk about how like like your grandparents were like I bought used to buy a car for a nickel or whatever they'd say And it's just the truth because the purchasing power has gone down and that's why we had to print more money That's why salaries have gone up. But the purchasing power of the dollar has actually decreased So this is a problem 1913 pretty at the highest point 1933 FDR the executive order makes it illegal to hold going got gold and they started to confiscate it 1944 the Bretton Woods established the US dollar as the world reserve currency, which I think it'd be pretty positive But still went down 1971 Nixon toy took us up the gold standard and here we are at 2013 the latest one I'm sure there's a new one at a nickel as opposed to a dollar. So That is the problem right there. What's going on? So when he was talking about this, I'm like, well, that makes sense because I mean if you just like again If you just haven't on dollars and the purchasing power is going down, they know it's going down But there was no other options before Even in 2017 a lot of these corporations were like, I am not putting it into Bitcoin because That is unproven. It could go to zero. It is highly volatile And uh, so but now that's all changed and this is why I have believed that 2021 is going to is a huge year And when he says it when he puts it out like this even to me Who has a cryptocurrency digital asset channel? It makes total sense. I mean like beyond a reasonable amount of doubt Uh, and I think that a lot of these CEOs CFO CIOs are looking at us going Okay, I get it might take a little bit longer But uh, if they just watch this again make a lot of this it might make a lot of sense And then he says, uh, the most important decision all CEO CEOs will make in the next 10 years Will be if they should move over to bitcoin and make it the standard right now very few will say that It's the most important question they'll face. Uh, but it will be I can see that because You're job to CEO is to make a shareholder's happy And if the dollar amount the purchasing power doesn't go as far as it used to well, it's kind of hard to to buy equipment Uh to buy staff to buy whatever you need when the purchasing power goes down because you're sitting on cash But that's why this guy Ross was even saying bitcoin is not volatile. The dollar is volatile The dollar and fiat is volatile and we need to get out as fast as possible. I'm like, wow, that's it That's it And then he says the same thing. We can't get a fiat assets fast enough And he says we'll be buying more bitcoin. He says this will be buying more bitcoin the next two years than we did in the last eight and Come up to the last two sections. Well, there's there's two two things. I'll say this first first of all Just like bitcoin cryptocurrency assets will Will accelerate very quickly, uh over these These next few months eight months year two years 10 years The same thing is with our channel So we've reached 100k just like a week ago and now we're 120 000 So thanks so much for everybody who has uh subscribed really appreciate it And then he says we use jack mallers. I think it's mallers service strike to move money for free To any in the world anywhere in the world by leveraging the lightning network We can move thousands or millions almost instantly and for free So what is he talking about? This is what he's talking about this was First of all, that's jack mallers. I had heard about this and actually pompe had tweeted it out And it was this video. I want to show you this video and tell me if you're not blown away Let's uh blow this first of all. Let's make this Let's blow this up Let's play the video. This is mr. Felton a strike engineer based in europe Zap and strikes headquarters is here in chicago illinois in the united states Typically we pay mr. Felton once a month with an international wire transfer and get absolutely crushed on fees and it never gets there in time Now that we can stream money We can send money any amount at any time anywhere in the world in less than a second and at no cost Why get paid once a month mr. Felton you want to get paid every five seconds? Yeah, let's do it Boom Every five second payroll deployed what's happening is us dollars is leaving zaps business account from the united states And is flying over the lightning network and converted and received as euros in europe in real time every five seconds We are literally streaming money around the world instantly and at no cost Mike So is that crazy that's crazy. That's Free transactions going to anyone in the world at any time and it can just happen in microseconds What is that going to do to swift? What is that going to the banking service? Let me know what you think in the comment section below And uh, that is one of those things that just blow me away. So that is all for today Also, uh for trade the chain if you're looking for like I said some analysis. There's a link in the description below There's a 14 day money back guarantee and this is what I use not just for that But to just look at you know like just ranges and and what's really going on the market It's kind of interesting and then you can you can arrange just anywhere you want to uh, so that is it for today So first of all, hey, you made all the way in. Thanks. If you liked it hit a thumbs up Also, why don't you consider subscribing a lot of things we talked about are very time sensitive. So, uh, that'd be Help you out help me out and everybody's a winner. So that is it I will give you more videos as things come out let you know what's going on But that's it for today. So if you like those videos, uh, there's going to be two months going to pop up on your left and right I'm not sure let you two do its magic and that is all for today. So thanks so much. Appreciate it And I'll see you on the next one