 Great welcome to the last set news to get top stories and crypto and break them down into bite-sized pieces So today just the thumbnail suggests we're going to talk about the Monday morning pump and exactly what is going on And these are the potential reasons why the market is pumping. I am a no-do solution I don't know every aspect of what is going on behind the scenes But there's some pretty good evidence that there is this one thing that's causing everything to go up So I will take a look at like I called the Monday pump And here's why also, we'll take a look at some concerning news trouble on the horizon as I call it with Crypto comm and their loans. This is not good. I don't think and lastly We'll take a look at what I call the wealth preservation stack and really have till April 15th Really get this in line So we'll go over all those things and then at the very end we'll go over five questions in five minutes as We go through Q&A and also if you live in, Puerto Rico We're doing our buy buy monthly or every two week meetup Which will be from five to seven at the San Juan smokehouse And I'll give you the information a little bit later But before we go on as you may notice in Puerto Rico it rains a lot So I'm sorry if you hear a bunch of overlapping noise, but that is what it is and The rain in Puerto Rico is like the market in crypto. We don't like it. Just wait five minutes It'll change and that's pretty much how it goes All right, so let's take a look at the market itself. We're gonna the big story and I Don't like to go over these things in detail that much because you know the market, you know what's going on You check the portfolio all the time. So why do I do this? It's just for posterity. It is to see where we're at. So today. It is a gosh was it March 9th. That's 945 a.m. Here in Puerto Rico. I don't know where you're at, but we had a Wapping hundred billion come into the market in less than 24 hours because yesterday we did this video is around 1.8 Trillion and here we are 1.916. So I'll take it. I'll take the small w But just remember I mean we're a long ways off for where I think we should be I have goals I think those goals we should be above 3 trillion. I just don't know when that's gonna happen And I don't think anybody else does because no one has a crystal ball But in the last 24 hours, we've seen a pretty good jump with Bitcoin almost 42k great Ethereum's up. I mean everything's up. I mean tethered. It's whatever 21% for Terra Luna, man. I gotta tell you I'm glad I've been dollar-cost averaging into that It's been a pretty good run Solana Cardano. Hey, you have a lunch. Let's see anything down. Jeez. These are the good days So, you know like all those days that suck Which are a lot in crypto sometimes as far as price action Relax enjoy it and if you think yourself man, I should have bought more Don't worry about it. You bought what you could when you could so now just kick back and enjoy those gains, right? And if you're if you want to you've been here for a while, don't forget Maybe opportunity to take some gains not financial advice. Just financial opinion also just real quick I'm fascinated by gold right now about what's going on. I own gold and silver I just own a hell of a lot more Bitcoin and just interesting to see like the narrative that played out But there is a little bit of a reduction in price. It almost said it's all some high 2045 and this isn't a gold channel. So don't get twisted but it just interesting me that it lived up to what it was supposed to do a nice little hedge and It's not there to get you rich And I just don't I bring this up again and again because I don't understand why like gold bugs are so adamant like you Gotta own gold and that's it like my brother's like that. It's annoying So I'm just like why don't you just don't all you know gold silver Bitcoin? Everybody can be happy. We're all doing the same thing I just don't I just don't get it anyhow. That's what we have as far as that piece Let's take a look at the Monday pump and what exactly is potentially going on again I can't tell you everything. I don't know every whale out there just a couple But this is what we have first of all, there's this great interview here on Squawk box pretty good I always like to see this on mainstream media when they start talking about crypto on CNBC So I'm gonna do so you can actually hear this Perfectly I'm going to share the tab itself And that way when I play this you can hear it As perfect as you possibly can so just real quick this about a minute or so Just take a listen and off we go. Let me mute myself I think you probably do because what's working right now in the pre-market trade Has been something along the lines of the cryptocurrency side of things and and Becky had mentioned some of the big stock moves that we're seeing They're even bigger in cryptocurrencies right now. I'll just point out the big point prices are now north of 42,000 Almost 10 gains there ethereum and ether prices up about seven and a half percent 2751 the last trade there Ripple light coins Solana many of the smaller so-called alt coins also catching in bid This as president Joe Biden is expected to sign an executive order later on today That's going to at least look at some aspects of the cryptocurrency industry And look into researching and kind of going through and developing some Policies around how you would tackle some of the explosive growth in these They're going to look at natural security national security interests They're going to look at things like financial stability in the wake of what's going on here with russia and ukraine Also this notion that the federal reserve may want to look into the idea of possibly a us dollar digital currency That sort of thing but many traders and investors in cryptocurrency Are viewing this particular set of expected rules coming out as being much less Onerous than than previous versions that that may have been conceived in the past. So that So yeah a lot to unpack there, but that's just part of it. We talked about this Yesterday, let me uh Show you what i'm talking about when we talked about this yesterday We know this is coming. We've seen this before and it was biden and his administration said hey, we're gonna Sign an executive order to really, you know hammer hammer this home and national security and get into a crypto and really Really boil it down to the essentials gets regulation blah blah blah right great talk And then I thought i'm like well, you know really who cares you guys are so slow anyhow We'll we'll we'll we'll see you in a couple months And then this little article came out we talked about this yesterday treasury department launches crypto education initiative And it was just interesting because this is the same thing that russia has done when they went to legalize Their crypto they said hey, we're gonna give an education portion if you can pass a certain test We're gonna let you invest a ton of rubles, which is worth absolutely nothing now unfortunately. Sorry russia but uh When you see the treasury department go hey, we want to teach people about crypto That tells me something which is they don't want to ban it. They don't want to hinder it They want to get people into it and I think I I kind of kind of understanding where they're going for it But this is the reason why everything's pumping. It's because The treasury secretary, uh, janet yellen press release, which is going to come out today was leaked This is from denis porter. You should follow him on twitter. He's always got great stuff great stuff And uh, this of course they first of all, this is nothing fantastic. Okay, they always leak stuff like this They always do it early, but uh before The actual press Release itself. This is the leak and this is what she's going to say And I found this interesting and I think a lot of people did that's why everything pumped yesterday And I think it's good. So this is what it says us secretary the treasurer janet yellen released the following statement Mababah president biden's historic executive order calls for a coordinated and comprehensive approach to digital asset policy The approach will support Responsible innovation that can result in substantial benefits for the nation consumers and business It will also address risks related to illicit finance protect the consumers and investors and preventing threats to the financial system and broader economy and then it goes for some other points Which are just fine. They talk about uh, they're going to partner with some colleagues financial stability oversight and Oh, yeah And because the questions raised by digital assets often have important cross border dimensions We'll work with our international partners to promote robust standards and a level playing field Maybe they're going to get rid of swift and use something else. I'll let you decide what that is in the comments section Uh, let's see Yeah, and then they talk about Treasury and interagency partners will build upon the recently published national risk assessments Which identify key illicit financing risks associated with digital assets But I think they're understanding now that It's if you want to do illicit activity the worst place to do it is in crypto On the blockchain for a public ledger. I think they're just starting to understand that's not a smart idea If you're I don't know a drug dealer or you're Uh, you have some type of illicit business Money laundering or I mean, that's just for NFTs. Don't tell them that Also, you know, if you're a terrorist and things like that So I think they're understanding now that hey, this isn't a really great place What people usually use is of course dollar And then uh as we take this important work will be guided by consumer and investor protection groups Market participants and other leading experts Treasury will work to promote affair more inclusive more efficient is some whatever stuff and I got bored So that's essentially what it is and uh, it's it's a positive note From the treasury and I think what this executive what we're going to do Of course, it's going to lay down and go look we want you all to work together and come up with some plans But I think they're starting to get it I know people will say i'm naive true But if the smart people prevail, you know, uh, you'll have a lot of there's different congressmen and congress Women uh, like uh, tom emmer, uh, I think it's from why oh, Ohio. He got uh, uh, lummis From uh, wyoming and they really get in they're able to shape What's going on and of course we have the lobbyists and we have there are own little groups there so When you put out information like this and then you talk about hey, we want to educate you I think they're starting to understand that look, um, we can't Shift everything and move everything around because we want to be At the forefront Of some of one of the biggest innovations that we've seen and I think they understand hopefully That's To be in front of everything they're going to have to put their best foot forward And to actually make the right calls unlike china who banned crypto mining like we talked about before And then because I think in in reality they know that that banks aren't Where people go like they used to to save money and I want to just play this this real quick clip from john stewart because we talk about the banks all the time and Statistically on my channel. Uh, I just take a look at the at the demo people are between the ages of uh, of 33 And uh 40 somewhere around there so you can remember this but there's a lot of people who in their 20s A lot of people actually think roughly 27 of people watch the channel. Maybe that's you You've you've never heard of this so I want you to I want to take you back a little bit Watch this for 15 seconds uh to show you exactly what i'm talking about let me share this real quick Ba ba ba Let me mute myself What was it like when your savings account gave you five percent interest as opposed to what I get which I think is A $15 fee for every time I'm about to check It costs you money now To save your money. Yes, if you're gonna save money you give it to the bank They loan it out to people and they make money on it But it cost you for the privilege of letting them loan out your money so that they can make money I just wanted to play that because john stewart. I think he's probably in his upper 50s now Uh, he knows He's been around the block and that's what it was actually like like you could actually Give your money to the bank And they would give you like five percent four or five percent. You get this thing called a cd A certificate deposit and they would you know, they would pay you a pretty good amount just to hold on to your money And now that's not the case So when all these things are going on I think what the organizations are going like how Can americans or how can canadians or how can australians or whoever else is they're talking about How can we compete in this new age? Well, uh, if we take a look at where the hockey puck is going Not where it is right now I think they can understand like we need to actually put our time energy Into a technology that could bring us a little bit further off than where we're at right now and that's Just my two cents as to where I think things are going because if you look at if you look at certain aspects of it There's just a couple of places where you can make money. It's not going to be in the bank, right? So where do you make money? Well, you can do it in your business But I mean if you do if you take a look at just the statistics Uh 50 of uh small small business owners will fail in the first three years. Okay, so that's out You can do real estate, but I mean that's what I do That's me and wife do but I mean can you really buy houses right now for as high as they are? No, you got to wait. So what's your what's the only game in town? We can go to stock market and a lot of people go there I mean we've seen a tremendous push Especially with the place like robinhood But the problem is is that and they know this the sec knows us that that the places that they they go to And and there's a little bit of corruption. I think of wall street like this doesn't work out either So where's another place that you can go to actually, you know make a little bit of of money on the side and actually You know preserve some of your wealth. I think they're trying to get it That's my hope anyhow So let me know what you think about that in the comment section But that's one of the reasons why I feel like there is a monday pump It's because of the executive order and janet yelling leak and then the positivity that the leak actually put out So that's what we got. But it's not all good news And that leads me to my next point. Unfortunately Uh crypto.com this was from watcher dot gurisha fall this individual or individuals as well This just came out yesterday. Uh just in crypto.com reportedly reportedly quote-unquote informed customers in the us uk california and 30 other countries That they have until march 15th to repay their loans. I was like, eek, but it's not good So when I saw this I'm like, well, that's just reportedly right but what I love about twitter Is that uh people confirm these things and then there was a story over at coin desk And they they picked this up, but I just wanted to show you that it is happening And they're asking multiple multiple people and customers that hey you got until march 15th. That's that's this one lending is no longer supported. Please repay your loans And there's a bunch of other ones down here Uh, but there is one that's pretty funny They're add With matt daemon fortune favors the brave as they're asking to pay back your loans So this is one of those things where it's it's scary like, I mean you that that's how it is in every market, right? You're gonna have good news and bad news. That's just one of those bad news things So they're just like we're gonna step back now. I personally I have loans with uh, celsius I don't have loans with block fi No loans with anybody else there. I don't know if they even do loans actually. I do they do yield. There's a problem there, but If you want to understand Uh, celsius is still going strong. You know people were asking about that but crypto.com is a different Place and as I understand it's all in the language of how things are done So, uh, we'll see how it all works out But this just leads me to my next point Which is I mean look if you're gonna do a lot of things and you're gonna go to places Who knows how long? Yeah, you got to do these types of loans and take them out and then they go, oh, yeah Repay all your loans right now. That's scary. Really. It's scary So there's this thing I talk about every so often call my rep my wealth Preservation stack and you really got this is there's there's three ways to do it and right now I think there's only two because uh, I think real estate's kind of out the window the first one Masterworks I've talked about this many a time. This is part of my exit strategy But if you just got money laying around In your bank This is something to look at because when I did these things and I have money just laying there Just like john stewart talked about hey have fun With that 0.25 percent right and we know what can happen with like d5 plays and stuff like that Or you can put it on the bitcoin or whatever you want to do again I can't tell you what to do because it's not financial advice. It's financial pain But this is what I do I have two paintings. What happens with masterworks is you can buy fractionalized shares of Really expensive artwork things you would never think to buy like I have a bank see I bought a bank see not the whole one Obviously, it's fractionalized shares and a basket which is something I never knew about until I got in with these guys And of course, what's great about them? Partially is that the returns apy It beats out usually s and p 500 and it says here 14 percent. That's over everything But they've had some really good ones like look There's one here They've had one a bank see 32 percent year of a year 31 33 percent for I don't know what that is albert oland george condo But I did a deep dive video you can check that out of how they Get these paintings how they fractionalized share. Oh and one more thing They're all registered as securities with the sec So there's no worry about no worry about the like hey payback your you know Or we're going to give you back all your money You're not going to get anything out of it because everybody registered with the sec something to think about also I trust capital it's the same thing that up above my head. That's there every single day If you want a crypto IRA, look, I don't know what's going to happen tomorrow But I can tell you in five or ten years part of the crypto market I'm not going to give you a prediction because I don't do this anymore But I'm pretty sure part of the market is going to go up So would you want to pay the capital gains tax of 20 or 33 percent or whatever it is at your in your jurisdiction Or if you're in the United States once you open up a roth crypto IRA and pay 0.0 percent in capital gains tax that you use With I trust capital and also if you like to trade I don't but if you do you can trade within your account and you don't pay capital gains So if you think like bitcoin's going to go down when everyone is at 69,000 You could have sold in your your IRA put it into cash Let it just sit there and then when I drop down at 30 you could have bought back bitcoin And you can do that in your Roth IRA Capital gains free as opposed to outside and then also Just you know if you're going to do taxes crypto trader dot tax That's what I use I still got to do it because you know, I'm in Puerto Rico. I still owe tax for 2021 The time I started up the program api integration into places like voyager and coinbase and even into open sea and and the dexes And it gets all my information center my cpa done 30 minutes not too bad and Both of these things crypto trader and I trust just so you know For your Roth IRA, you can still donate to your IRA account to your crypto IRA Up until april 15th for 2021 And you can still put money in in 2022 all the way until april 15th 2023 so just something to think about if you want to get into those two those things and there's a link in the description Looks like this bing bing bing There's your iTrust your uh Masterworks crypto traders down there and then I have a real estate playlist But right now it's not a greatest time because real estate. It's like super overpriced and that's what we got so look, uh, that concludes today's news and Little shillathon. Hey, what are you gonna do right? I think these are things you could actually use. Let's get into The q&a. So if you got to take off no big deal. Thanks for sticking around with me But that concludes all the news you want to stick around we'll do the q&a five minutes five questions And then don't forget tonight If you're in the portorico area We'll be here San Juan smokehouse from 5 p.m. To 7 p.m. And if you like, uh food Again, if you like, uh, I mean really good food and also they have vegan options. They have vegan ribs Which is pretty crazy. I'm gonna try those tonight and everybody who's uh Who's with digital asset news to get a free round of beer? Hey Everybody likes free. Okay. So thanks for stopping by. I appreciate it. Let's go into the q&a five questions five minutes All right, where are we? It's Wednesday It is Wednesday I got to change that Oh my god, i'm losing my mind I would have crushed you up in the quarterback. Probably i'm awful at basketball. Okay. Oh, yeah so Where is this? Cto larson my man, what's up? I know you're not gonna make it because you're in uh, sweetened. So but thanks for stopping by man Uh, if you don't know cto larson in the description of all of my videos There's like eight people. I listen to uh weekly not every day. I I don't know much time but cto larson is uh one of those guys And Simon dixon and uh coin bureau and james from vest answers and ben from cryptiverse and some other people hash oshi ah Good morning, man. Hopefully you can make it out Okay, let's find some questions Uh rob great question question number one. How do you feel like getting into luna this late in the game? Well, I kind of look at it like this We're early, uh, even CZ CZ from uh, binance he put out a stat that Really, there's only I mean globally three percent of people aren't crypto even though, you know, bitcoin was created in 2009 So when I look at these things in 2017 I remember people going it's too late Uh, bitcoin's already it's hit its mark and ethereum forget about it because ethereum used to be A couple of bucks or 50 cents or whatever it was a dollar. So now it's like 300 bucks. Yeah, why would anybody get into that? same thing, so It's just a long-term thing if you look at it over six months Might do something might not i'm looking over like six years three to six years How many other members are there dancing? There's two matter of fact. They have two people that work for me So that's question number two Great question number one or three is I trust capital crypto only or can you do stocks there also you can do gold silver? straight cash and crypto which you can't do stocks that I know of question number three Uh, I've asked this question before Answered this question before but I'll answer it again. Do you believe in a four-year cycle? I still think that there's going to be a supply issue when we come up to the next halving which is in Two years So but do I think it's gonna follow along I used to I could still it could still come out the same way but right now It's uh, totally didn't work out like we thought it would At least that way I thought it would so I can't say that it's uh, gonna work anymore because It's just kind of broke down and when models, what did ben say ben from the cryptopers all models work until they don't Uh, yeah, I hear that a lot. You look like, uh, what's that guy better call sal. Okay To that or brian callan, which is fine Oh, man. Okay. Life is lock If it's true, I don't know if I would blame crypto.com for paying of loans I blame the osc. Yeah, that's probably your regulatory government over there in canada. Yeah, I mean you can You can blame whoever you want to I mean, it's just one of those things we're like I mean, they're not really working with you. So it's just one of those those bummers of a deal but yeah crypto.com talking about repaying loans and See that carries over here Uh-huh. There's my wife there she goes When mullets my man, I did see it when mullets he messaged me and goes Hey, man, would you stop screwing around and make sure that you get all those those super chance. I was like, sorry So yeah, every time I'm doing this super job make sure that I get those I don't want to I want to piss off mullet. I know today's and monday I don't know what I was thinking today is monday. I thought I just really weigh off today But hey, look at all these people who stopped by for my mistake I think it's Wednesday Uh, where are we? Guitar player. No, you're not old. It's just relative. I used to do CDs too and they just don't work One more question and I got to get out of here. I got a Some videos I want to do I got some pretty good stuff lined up today with some good people Lucas Bradley the basket is amazing great movie on him too same name What a nerd Lucas you're the only guy that I know that knows about a basket and the movie about basket So for artist lovers, you're gonna love that stuff Uh Thanks, Raymond I try man Guy is awesome. Guy is awesome. I'm gonna be I'm gonna meet him in person actually in the may Going to the uk He's gonna owe me a round of beers. I know that for a fact Uh, good question. Well, that's been my last question. Why did george leave dca because george is super busy george does Three streams now and he used to do two streams and he also has a car channel and he also has got kids So he's like I can't do this because he was doing dca with us He was also put on a video for that day. It was just too much for him He's like i'm gonna step down and that was it and then we got uh, been from into the cryptiverse There's no malice. That's it People get busy Ah, and this is a i'll leave this up. This is the last question. It's a good question diesel cane Do you think the governments will blockbuster their own banks? No, I don't think I don't think the government will blockbuster their own banks I think this is why you've heard the stories about banks wanting to custody crypto and in lind and uh getting into the crypto Digital asset game I think that's smart because they know that cds and things like that. That's not gonna work for them They got to do a new source of revenue So I don't think I think the governments want to get some regulation in place because they want the They're bankers and banker friends because if you look at the structure, who gives the politicians? Well, it's pharmaceutical companies It's labor and industry and one of the biggest ones is is banks in wall street So like they want to help their friends out and that's just the name of the game. So like well, we want to You're losing over here because the central bank or our federal reserve, which is as federal as federal express Nothing to do with us This is the policy. There's there they're setting and they're kind of printing money like crazy Treasury does the printing right? So they say well, look We're gonna get you something that could make you a good amount of money because not everybody's like The people who watch digital asset news nobody not everybody is like hey I'm gonna I want to figure out a ledger and I uh don't want to get hacked I don't want to buy one in ebay and then lose all my money Or I don't want to you know, take a metamask wallet and then get shut down like they've been doing before or I don't want to figure out DeFi process and get rug pulled. I just want to go to someplace. I trust And make the five percent that I used to back in the day and just do it and that's unfortunately how people are So if we have to get them into that way, that's great And then just give them the baby steps. Maybe they'll figure out a self-custody How great bitcoin is how well that they can actually do as far as like a fractionalized Lending and getting away from the bank. So that's all I can say. All right. So that's it. So look coming up on 30 minutes I think that's a good place to stop again. If you want to come out tonight, that'd be great I want to uh go over some things with some people about some different Projects that I'm getting into so if you want to come by and learn about that come on by and that's it for today So thanks everybody for stopping by if you like today's video give it a thumbs up. I'll consider subscribing I'm going to put two more videos up here so you can continue The to learn some things and also don't forget if you're looking to uh Learn about crypto. I made a great. I made a good website digital asset news are danteachescrypto.com And it's 100% free learn a bunch of things and that's it for today So thanks so much for stopping by appreciate it and I'll see you guys tomorrow. Bye