 Great everybody. Welcome to the live stream. So just as the thumbnail the title suggests black rock finally gets it We're gonna take a look at exactly What they understood as far as crypto and digital assets and why really what they're talking about is there is an accelerant To the market to actually get into the space So take a look exactly they're talking about also We'll take a look at Solana goes play to earn gaming and hits a home run in my humble opinion for its One of its partnerships and then lastly we'll do a quick correction from yesterday two things I need to talk about capital gains and play to earn gaming via mobile So go for all those things and we'll do five questions in five minutes the very end But first let's take a look at the market and if you're here for the live stream welcome here for the replay Just know there'd be timestamps underneath to have fun with that And if you want to continue the education go to Dan teachers crypto comm links in the description Let's get into it. So today is most days and actually I What I do usually is I look at the price last It's always interesting me to see like what things are changing or whatnot. So this was yesterday. I believe me refresh it Yesterday Bitcoin is 43. How do we do today? Roughly the same thing boring So if we take a look at the stats the market cap still above 2 trillion, so that's good I mean, that's great But in all honesty quite boring for the crypto market and it is a kind of a snooze fest But sometimes when things are just a little bit choppy It allows people that are trying to accumulate in the background to have a pretty good time because they just need said time to Accumulate and just a hopefully as time goes on the price goes up and then not a financial advice financial opinion But usually it does so Bitcoin's up 2.6 percent in 24 hours. Great a theorem is very 100 Any big winners? Holy smokes. So Cardano's up 10 percent. That's something 40 percent for a week not too shabby. So Lana is up 16 percent 5 percent Tara's down Tara too bad of it. I mean, it was on a it was on a huge run for for quite a long time doge coin Congratulations doge coin holders still on the top 20. Don't know why whatever Let's see Kronos. Oh, that's crypto comms on 3.7. I'm finding really big Hey, 23 percent axi infinity 32 percent. We're gonna talk about them at the very end so good for axi infinity holders kind of an inflationary asset, but it seems to be doing a lot of good globally, especially if you are on the Scholarship process when you bring things out. How's a coin doing? That's the big question. Just kidding 60% up for the week 2.3 for the day I'm not buying that. I'm not buying it. I know People say, oh, you're gonna miss out. Trust me. I've missed out on many things and that's gonna be one of them So that's what we have right now. Let's take a look at today's top story. So this one Comes to us black rock and If you don't know black rock, they have 10 trillion assets under manager. Let me say that again 10 trillion they're pretty huge and when I see These enormous entities come out and go, you know what? Crypto might be a good thing, but when they talk about here as far as acceleration I get what they're saying and I understand what the CEO think talks about Larry think and and why Crypto could be big now, but this is the story Russia-Ukraine crisis could accelerate digital currencies. Here's what we got So in a letter to the shareholders, this was all shareholders of the world's largest asset manager Larry Fink said that the war will push countries to reassess Currency dependencies and that black rock was studying digital currencies and stable coins due to increased client interest Let me go back real quick. So When Fink is talking about client interest everything else, don't be fooled. Okay They were gonna get in this a long time ago. They knew they were gonna get into it They were gonna study it just like everybody else just like the Ray Dalios who came out when the largest hedge funds in the entire world said First of all Ray said Crypto's not great. Bitcoin's not good. Then I bought a little Bitcoin now. We're studying Bitcoin and crypto now We're dabbling into it before you know it. It'll be like mr. Wonderful And he where he says yeah now I got 20% of my entire portfolio in the crypto It's just like a natural progression and thinks no different So I'm gonna take you back a little bit of history July 14 2021 black rock CEO Larry Fink says there's very little demand for crypto Lately and he just goes on to say that and we're gonna take a look at a nice little piece right here that one squawk box Where he explains himself, which does make a lot of sense But again, it's the same progression that we see time and time and time again with these billion and trillion dollar Ascent or management institutions the same thing happened. So if you're wondering like am I in a good place? I think you are I think in the right place at the right time just an opinion So to move on into this article here He states a global digital payment system thoughtfully designed can enhance the settlement of international transactions while reducing the risk of money laundering and corruption, so I'm hoping Senator Warren Takes takes note when Larry Fink is talking. I don't know if she does I'll make she's really big with bankers But that would be a good thing I think to to reduce the risk of money laundering and corruption Even though people in the United States in Congress they will say oh, it's the worst place Well, if I was an illegal entity some like the cartels or or maybe like Somebody who would engage in elicit activity. I don't think I want to put it on a public ledger That's just me And to finish up he says over the past few weeks I've spoken to countless stakeholders Including our clients and employees who are all looking to understand what could be done to prevent capital From being deployed to Russia. We believe this the definition of fiduciary duty and he talks about how Crypto digital currencies and stablecoins could be one of those ways So that is the first part to it and again, I think it's the same thing the same rabbit hole a lot of these different places go down here's what Really got to me When he's talking about this just a less than a year ago as far as crypto and digital assets So I'm gonna have you take a listen to what he says here, and I think I kind of see where things are going I think the writing is kind of on the wall. Let me stop the screen real quick. Let me share my Tab so you can actually hear it Ba-ba-ba and let me mute myself Which would probably what we've seen with Robin Hood in other areas. Is that still the case? What portion of the American public you think is actively involved at this point and making sure they're putting more money aside? Well, as I said in the past, I'm very Excited about seeing how investors are focusing on even meme stocks and other things like that as you said Robin Hood I believe if we could improve financial literacy as we could help more people focus on Not just a speculating of markets in the ups and downs, but translating that into investing in the long run The issue about retirement that Joe talked about may be less of a problem for the next generation That you know the young people we're now focused on things like equity equity markets So I this is one of the things that I I look at this I look at this as a Possibly good first step now if they remain to be speculating on a few stocks and that that's all it is and Then that's all it is. I will say again though What happens on those shares Those types of trading activities is totally unrelated to our mission at BlackRock I don't have any conversation with any investors about what is happening there The long-term investors are looking to how to build long-term returns over a long period of time and there You know, we don't have those conversations I think in the past you've asked me about crypto and Bitcoin again in my last two weeks of business travel now One question been asked about that That is just not part of the focus on retirement and long-term investors and We we see very little in terms of investor a demand on those types of things But quite frankly they may not come to BlackRock for that type of demand But I would say for all the pension funds in the insurance company for all the RIAs That we're talking to for their clients on behalf of their retirement, you know The dialogue is about how should I navigate my portfolio and how should I think about my portfolio? over a long horizon I mean, I'll be honest with you. Some people will Let me back up. Some people will take a look at Larry Fink and be like this guy's evil because he you know runs this 10 trillion assets asset under management's Institution and he he's the the epitome of everything bad. He's not anything bad. He's just inert what he really is is a person That is trying to do the best thing for his business and that's about it So when he talks about like we're not gonna get a crypto again. This was less than a year ago We're not gonna get into crypto because it is a speculative asset And there's and really what has to happen is there has to be a little bit more of a longer road to go Rails have to be laid a little bit of regulation probably would go a long way So when he says these things I'm like, yeah, I can get it and I and then you know and I know that there's a lot Of speculation here in crypto and digital assets So when we start talking about like well everybody should have and everybody should do this thing I don't think so I think it has to go through a longer journey and there and there is like a longer different timeline for most people So when he talks about that there is some Investment as far as like the long term people to think long term and a little bit more financial literacy I kind of get what he's saying because I see the craziness that is in crypto and I've been here since 2017 Some of you've been in longer. Some of you've been here shorter It is a wild different radical place and a lot of the times when people are talking about, you know Getting into like the long term that just goes out the window. They're like make me a dogecoin millionaire I don't think that's how it works. It doesn't work for me anyhow But let me just think about that in the comment section is just one of those things where I can see like, okay That makes sense. He doesn't like the whole Speculation aspect now there's some things that are going on globally in the macro environment Which would make it an accelerant now that probably get into it I like where things are going right place right time. Let's move on. So that leads me to my next point Played on gaming and I know this isn't like a big hot topic on my channel I mean this my channel is not based on played on gaming You want to learn about played on gaming and great stuff like that go over a crypto stash and those guys those guys Are like geniuses at it actually as link in the description for his channel But I see it like this All the different things we're gonna talk about as far as these games and things are gonna be Maybe you don't have to invest in said game or said projects Maybe you just take a look at the underlying Project that is being built on and just go that route. There's an option just an opinion anyhow This is what's happening here. So PUBG developer teams up with Solana Labs to launch Play to earn crypto games. First of all Crafting that's Cheng bung you I think I nailed it the founder and chairman of online game company Crafting Crafting South Korean gaming giant founded by billionaire Cheng bung you is expanding its crypto empire by partnering with blockchain startup Solana Labs to develop Play to earn crypto games so What they're talking about here is the company behind the popular PUBG player unknowns battlegrounds. Does anybody know what that is? I didn't I had to look it up So this is PUBG battlegrounds. Apparently super popular. I am not a gamer. I'm just an investor I don't really care about games that much. I mean I play like the old stuff My job is to find where the hockey puck is going now where the hockey puck is now So when I see something like this, I'm like, okay, this looks pretty interesting Battlegrounds a lot of people are playing a lot of people spending a little money. Okay. I like that And then there's this PUBG universe looks like they got things fleshed out and it's a working product right now What's going on over here? So Bop bop bop bop bop company behind PUBG video game announced on Wednesday Yesterday it had signed a business agreement with Solana Labs to make blockchain games that allow players to earn nft tokens and of course, this is Solana Labs is the company that developed the Solana blockchain And risen the challenge of dominance of ethereum is more and more developers are adapting it for d5 projects on top of also Play to earn gaming and of course this is also being pushed by that guy named sam bankman freed Founder of ftx. So when I see stuff like this, I'm like, that's pretty great. I can get into that again I'm not a gamer But if I look at the things that are being built on it, I'm like, hmm I don't know anything about that, but that looks pretty good So maybe I might take a little harder look at Solana Just an opinion or for ethereum is all like for as far as like total value locked up in b-fi You know, it's like over 100 billion dollars Maybe I should look into that and then also you want to take a look at Other studios that are getting into gaming. There's another one called polygon studios And they do things stuff like over here They're selling a hop of digital culture Really what they're trying to do is take games that are already out there in the wild and going Hey, are you free to play? I think you might want to look at play to earn and we're going to help you Transfer that over that's exactly what happened with elemental knights and against akishi And that's going out pretty swimmingly. So again, when I start talking about all these different projects I think people just tune out you can do deep dives into the games themselves and the actual Tokens like for here for against akishi. I talked about this on digital asset news clips Where we go over like the advancements of things and we talked about the token That is their their meta and then also they have the round token that you can just bypass it all and just go You know what I don't know anything about that, but maybe polygon might be something to look at Just a little opinion. Maybe a theory and maybe salana. So that's what we have for that story Let me know what you think about that in the comment section and then lastly we'll finish up with Corrections and my screw-ups. That's always good. So real quick yesterday. We I I made an off hand comment about how I think that it'll be great when finally there'll be some not just Plater and gaming that's on pc or mac only you can actually play that on your android device or Your apple phone and I didn't think there was anybody anything out there But people corrected me like you do which is good. I mean that's great. That's what we're here for So they said hey rob There's axi infinity. You can already play it mobile. I was like really tell me more So I just did a quick search and it is right out there axi infinity mobile download How to play axi on android and ios? I didn't know this. This is pretty good Is axi infinity available to play a mobile? Yes, it's available to play. Here's how you do it How to download axi infinity? while unavailable via the google play store, so you can't just go to the google play or the uh Apple app store because you can't they don't have it there for the game but You can make your way over to official axi infinity sites I'll link that in the description You can click the play now button This will bring up several different versions of axi It's like the android version and your game should start downloading Once installed you need to link to your metamask wallet And you can start using axi infinity and you can play that on your phone And there's there's like a couple more that have actually crossed over Into the mobile device area. So that's good things are moving so fast that I didn't know about that So fantastic. So that was the first screw up I had the second screw up was this one We were talking about well, I wasn't really screwed but we were talking about uh Capital gains tax everybody's favorite, which I'm gonna get slotted on that this year, but whatever So I was talking about I could have sworn I said Netherlands of Denmark was zero percent And someone said no, no, no, it's Or no, no, I said it was high and someone no, no, no, it's zero percent. I'm like, oh, okay so Denmark Has the highest tax top capital gains tax of all countries at a rate of 42% Finland and France. I think I said 30 was actually 34 and then here's all the capital gains tax You guys really got a tough in the EU except for belgium lucky sons again. He had zero percent Uh austria 27 check republic zero if anyone wants to move there No Denmark it says 42 and I think I said nev I said Netherlands Netherlands I said Was high and it is high someone said it was zero, but I'm looking at here and this is from data from uh as of april 2021 Uh 31 maybe I was talking about something else, but that's someone corrected me and said it wasn't 54 percent It was lower than that. So yeah, all right Anyhow spain's 26 Sweden 30 switzerland zero turkey zero But turkey you got to move there with their lira fiat going crazy out of control inflation No, thank you. I can see why so those are two scripts and that will conclude today's New story so if you want to stick around for the q&a we're gonna do five questions five minutes always entertaining always entertaining a lot of good stuff But if not if you had to take up it's okay, uh, hit the like Subscribe all that great stuff. It seemed like if you laid the like for some reason youtube pushes the video out more Go figure algorithms and that's it for today. So thanks much for stopping by. Let's jump into Five questions in five minutes and go from there Ah, let's see ah, okay You said 30 it wasn't a lens. So I guess yes Someone said another lens was zero percent and now I'm looking over here and it's different But anyhow, it doesn't matter You had to pay a lot of money. All right. So thank you Slovenia is beautiful. I have heard that from many people Czech Republic is beautiful. It's my home. We're great Whatever Soul won't recover Maybe I don't know I'm not here to predict I'm not here to predict prices anymore Dumb Who knows where things are going I can give you a price prediction get super lucky and then you know, I'm the genius out there but this time goes on price predictions Usually don't make it And then oscar must be a gamer says pub g was crazy popular probably the biggest title for years Who to knew who to thunk it pub g I don't know what you call it. That's how I call it makes me easier for me So this is a good question. This is the first one. Zach says I know you're not an ape Just got in crypto in january. Could it be a shibu opportunity for someone who hasn't amassed much yet? And let me get this out of here. I don't need this So the answer is yes, it could be a great opportunity. The thing is is that And guy over coin beer did a pretty good job about you know, the utility and what it's going to be It could be massive great utility. They already have a dow That's the whole thing of why they put this out and it could be fantastic and it could lean to like great metaverse plays and so on and so forth, but Really it comes down to it's it's risky. It's very risky because you never know When the rug is going to be pulled I mean a lot of people got aired off a lot of tokens that weren't you If you owned a board apia club or you owned a mutant Yacht club whatever the things were called and you got a lot of tokens more So the board apia club and they dumped initially on people but just know that those Those tokens there was no vesting period They got a bunch of tokens just for holding nft and they have a ton of ape and they can dump on you at any time Could you make a lot of money? Sure It's just it's very very risky It's the same risk that you dealt with with dogecoin and what happened down there I know a lot of people put a lot of money in the doge and then uh The night that ilan musk was on sariah live and went from like 67 cents Down to like 30 drop like 50 in like 24 or 40 hours. A lot of people lost a lot of money. That's all and Yeah, I just someone says um It's a good buying ape is just giving more money to the rich Hmm. I know Vitalik didn't had a lot of choice words to say for it but it is I didn't really like it Joel says Larry you think the guy behind the mortgage crisis has no clue He's got enough of a clue to be a ceo of a 10 trillion Ascender management company. Maybe he's brain dead. I don't know but seems to be A lot of people seem to like what he's doing But sort of Bernie Madoff a lot of a lot of there a lot of his customers love what the what he did until the end so Yes, I'm pumping this just me Don't if if the crypto is going up. It's only because of this show Nothing else What do you think of menswap? I hope they have a better time than sunday swap. That's all I can say Yeah, everybody Everybody check out scott milker's willful wall street podcast with ral pal instantly bush When is ral pal not bullish like like a permeable? And maybe I'm just too negative And see What do you think? Dave bacon. What do you think about a bitcoin yield etf? Paying 12% monthly. Let me know what it is. I'll take a look at it. That's what I think Question number two Let's see Adrian says a majority of the airdrop tokens have been sold already something you should do some due diligence But we're comparing ape to doge So adrian you can you're welcome to spout off but How many were actually delivered? I think it was over 10,000 tokens for the board apia club I think it was 2,300 for the mutants. I don't think they were all sold altogether on top of that Where was everything else done, I guess it would be so yes, I'm going to compare ape to doge That's the second genre. Rob pub promise crypto Ra was a great salesman and not to take anything away from him, but uh He is extremely bullish and I think that's what some people need I To me in the short run I I see next like we did a video yesterday about the different months. I think Next month will probably be pretty decent ones Historically april is a pretty great month and then things start to kind of get a little wonky in may and then june july I was a timber not so great and back to october That's just historically. Does it mean it's going to happen identically? No See for your cycles And that's what I was talking about didn't work out And you know what I shouldn't have been so harsh I think I know why people get so ticked off of me when I say something negative about their project I get it. It's because you probably own it You probably own it and you probably own a lot of it and of course you want it to go up So somebody like me talks about it negatively You're like dammit Shut up because I want that project to go up and I don't want you Talking about it and you have to take a look at everything before you say anything about it I get it. I got it. I just for me personally. I'm not going to buy it. That's all I can tell you Great question question number four. How do you cover your family with medical insurance in Puerto Rico? It's first of all, it's very inexpensive. I use triple s and uh It's not much at all. So that's just me and my wife's the kids are all gone. So It's very cheap actually The problem here though is that we have minimal doctors Here in Puerto Rico. There's a big brain drain and they just move to the states and I was talking to an agent and Who will remain nameless and he Said that he's seen letters from From different hospitals in the states, you know people who are doctors here trying to pull them away offering them ridiculous amount of money and perks and Hey, they take it off they go It's Hey, Rob. Wendy a question to you with bitcoin family plus will you whose idea is about Supercycles being in as a scenario with the highest possibility to happen Who knows I mean, maybe maybe it's a supercycle doesn't feel like a supercycle. That's for sure Supercycles mean essentially that For your cycles are done as far as I understand it and that just means that we're just going to like There's been other people who talk about a commodity supercycle going on all the way crazy hyperbolic things like copper silver gold those types of things And I mean, maybe we can kind of see it. I don't think it would have worked out as well If we didn't have the supply chain issue. So as far as like this for a supercycle, sure. I don't know but The only thing I can tell you is that everybody has a good guesstimation about what's going on But they really It's just a it's just an educated Guess some were educated others And for this one, I mean it could Work out and we can go all the way up. So it depends on what your goals are like. I don't really Intend to sell bitcoin or crypto too much anytime soon in the future. I will sell things along the way But if it goes up, sure I have to take a look at why they think that well He was talks a lot of different things and that's about it and let's see in the last question I'm in my 50s with a small limited budget. Is it too late for me to build wealth and crypto? Um, no, I don't think so. I mean look I was It's my 40s when I started then it's uh, just fine and I mean look I think the worst time to to start investing is never I mean you can put your money in the bank What's but what does that do for you a cd will get you like a nice ripping 0.0125 percent I guess so I mean really like what are the options these days? Start your own business I mean statistically first three years you got 50 of those fail Getting to real estate right now. It's super high You get into the to traditional markets as far as stocks things like that But seems like they're they kind of peeked out not too long ago Now they're in like a little bit of rebound phase Maybe and then there's crypto. So I mean really in all honesty What's the options these days and this is what I was talking to with max um video we did with uh About millennials. He's like I Where else are you gonna put your money and it was a it was a It was a sobering statement. That's for true. So all right. So look that's it for today So like uh about 30 minutes or so if you like today's video give it a thumbs up if not give a thumbs down That's uh, and then tell me why in the comment section. Tell me just how awful it was And uh consider subscribing. That's it for today. Thanks so much for watching. I appreciate it. See you on the next one