 News for the live stream. So everybody we've got a lot of things to cover so let's just jump right in we're gonna talk today about is a little bit of everything first we're gonna take a look at Correlation between the traditional market and what's going on our market and surprise. It's not like it's that correlated We're gonna do some quick on-chain analysis. I'll take a look at who's in the money and who's out We're gonna do a quick three to 15 year price prediction Also, we're gonna talk about some insider trading allegations from Coinbase and you've been around like I have you'll probably remember the example I'm gonna give which is the Bitcoin cash listing and then finally we're gonna talk about DeFi how it is number one For DeFi exploits scams and revenue loss. So we'll take a look at all those things But first, let's take a look at the market. So if you're here for the live stream, thanks Thanks for stopping by I appreciate it usually we do these a little bit earlier But we got a couple of things going on. So there's a little bit late So we'll do the news. It's about 10 or 15 minutes There's gonna be time stands below so you can check out if you're actually watching the replay So let's jump into it and get going. So first off the reason why I'm late today Because we're building this also, of course it's a charity event me and the wife do twice a year here in El Paso and It's for underprivileged kids. So this morning. This is what I was doing I was up 25 feet trying to put this stupid net on and Didn't fall off. So feeling pretty good about that. That's the reason why so the next couple days Will be a little bit choppy as far as the times of the show So speaking of which why you really came here the market. So the market itself is doing not too bad I mean, I'll be honest with you. There was some earnings reports Apple came out and said that they had actually beat some expectations. I think that was one of the big ones and They're up for almost 5% today and for the crypto market That's good for us because that means we're up a whopping 0.7. Listen, I don't care what it is as long as we're up That's the big thing and then just remember that even though our market might not be in the all-out parabolic bull run There are many bull runs to be found in certain places and if we take a look down There's this coin called a coin. I just want to say congratulations all the a coin holders I didn't buy into it because I didn't get it and there's gonna be a lot more that I'm gonna miss but we have to be happy for each other because like I've said before crypto is one of those things that's We're it's us against everybody. So when you got some winners rally around those people and say hey, good job Congratulations for sticking it out and it actually worked out for you. So good jobs a coin holders So that's what we got and then in the comments section. Let me know anything about the other earnings reports I don't know which ones are coming out But seems to be doing pretty good except for of course the dip that you've heard about for the GDP Which everybody's been talking about 1.6 percent So yeah, just remember also one more thing and that is that there's a big difference between Wall Street and the economy the economy is not Titched to Wall Street itself. It's a totally different realm. We say that over time and time again So yes, we're actually slowing down in goods and services provided But that doesn't mean the Wall Street can't pick up that doesn't mean that crypto can't pick up either So that's what we got and then if we take a look at actually the market itself traditional market It was a good day for S&P 500 holders as well. So they're up 2.47 percent But my thesis was always this we were in lockstep with the NASDAQ and if we take a look at the NASDAQ today It's brutal. I mean all honesty down eight percent. Look at that. And that's a oh, sorry Excuse me. That's one year. Ah, just kidding. So yes, we are still we are still in lockstep our crypto market I feel is Kind of going in line with NASDAQ when NASDAQ is up We're up when NASDAQ is down we're down when it's going sideways we're sideways now It's not perfect, but that's just how I see things. So let me just think about that in the comment section Let's take a look at just some quick on-chain data and this is um There's been a couple. I read all the comments That people post for every video. I really shouldn't because some some of those are just uh, Look, some people are just angry and I can get it. So, uh, I mean I don't really take too much Uh Stride into it, but some people just not too happy and I can understand why But a couple of people have said, you know what? There's a lot of people out of the money As far as like investing in the crypto and if and I was thinking about like I wonder You know, if there's some on-chain analysis for that and that magically there is So this is uh into the block one that I like using a lot this one in ben's website, but uh, it shows us That if we take a look at all the addresses for all the bitcoin wallets that are out there Uh, and we take a look at the price right now and they have it listed at 38,920 It could fluctuate a little bit, but right now just for bitcoin itself In the money, which is right here 60.88 percent of people are in the money Out of the money is about 29 28 and a half give or take and then right at the money are somewhere in the in a very small range of people That are actually not losing and not gaining is about 10 percent. So I know like I know a lot of you got into crypto in 2021 I know because I've done a couple polls and everybody's told me that So I know it just seems like when you're here when you're other places, you may think like, oh You know what? Everybody's out of the money But in reality, it's not and all these people here that's 60 percent. Those are the ones that just said Okay, I'm not going to be rich tomorrow It's not going to take a week or a month or even a year It's going to take a lot longer and they just did the laziest thing you can possibly do Which is not sell and just hold on to it and just wait and that's really what it comes down to Now I can't give you financial advice. That's what I've done and it's worked out Okay, so far Depending on the actually altcoins that I get into and that's a whole other video So that's just a little quick on-chain analysis and then also I wanted to show you this This chart this is from ben's website Into the cryptiverse. There's a link in the description non-affiliate link. Just I love using it And uh, there's two things first of all if we take a look at roi for the monthly returns statistically Let me Pull this up so you can see it Statistically april's a pretty good month in all honesty In 2021 we're only down one percent 2020 it was Europe 34 20 19 28 31 you can see there's a lot of green Just for april. I think the next best one would be february actually go figure, huh and then uh December november october's a really pretty actually october's a really good month So it actually fits in my thesis about selling man go away, which I probably will do I'll probably sell a good amount depending on what's on chain metrics and even a little ta might tell me But I'll uh, I'll talk to mo it on that one. Maybe he'll give me some insights But april this is the worst april thus far on record since 2011 and we've got the Couple days two three days left and uh right now. This is a brutal brutal month So we'll see how it goes and that's what happens when we zoom in we zoom in we see these things like well That sucks. That's a crappy month. Now. I want to do a little bit something And just zoom out for a second. I mean really zoom out so This is uh the crypto market cap and tread line and what you can see here I show this a lot of times, but there's one thing I want to show you today So it'll show us What the fair value market price should be or could be And the fair values around that's in may hold on 1.63 trillion. We're actually above that 1.9 And of course the upper band is 9 trillion that'd be sweet, but it's not lower band Thank god. It's not this 500 billion in it. So we're looking at that. We're like, okay So we're just a little bit above. All right, we'll take it right, but there's this and of course we can go up we can kind of see it but Check this out on the log line extensions if you go nine years Just I'm just gonna go nine years for a second, right? So 2022 see this red light right here red line. Let's just follow this up This is what it could be This is what it could be not what it is, but just in 2023 we could we could see three trillion again 3.9 and 24 Five and again 2024 six trillion seven trillion nine trillion 2025 Imagine that in three years. We could be at a fair value Listen to this a fair value of nine trillion Right now the fair value that we are sitting at is below what we're at right now 1.64 trillion So you're telling me that in three years We could be at nine trillion What is that like a five x roughly four and a half x something like that And then if we keep going out 14 trillion into actually no, let me let me go back. Let me go back 10 trillion 16 trillion and not to say this could happen, but if we go out we can really see that things get a little crazy April 2 2031 I don't know if we're all gonna be here, but let's go out 15 years just for giggles 75 85 95 100 111 this is 2030. This is in 10 years a decade from now Imagine a fair value of 111 trillion and then going even further 357 trillion in 2037 now with inflation Those might be the numbers that you may think it is and as far as the price But if you're here and you're looking for like something to really put your money into as far as generational wealth These are the things that I see for my kids and grandkids and just something to think about Of course can't give you advice. This is just what i'm doing So let me know which thing about that in the comment section. Let's break into the story today This will be quick insider trading so this was a pretty reasonable article about what's going on in coinbase and Before anybody sues me. Let me read the whole thing giving my assessment here. So Following insider trading accusations coinbase moves to a more stringent review system so Let's hope so. Here's what we got when we blow this up So CEO brian arms wrong of coinbase said his company would make changes over the next few quarters to prevent on-chain data From being utilized by savvy traders Until now, I didn't know this was actually a thing and I wish I did Until now traders have been able to use data to detect when the exchange may be testing for new digital asset integration Or via changes the platform's api responses to those products Basically what they're saying is like they can look at the on-chain data and go Oh, this one's gonna be listed pretty soon. We should probably invest into that and then off they go and invest Coinbase said it would attempt to prevent on-chain data from giving a signal to watchful traders by removing those Information asymmetries. That's the first part And then also we addressed the company employees which They have actions of buying up certain assets Before it was announced or listed on the exchange before I go on There was a famous Well famous for me if you're here in tons when this is going to be a nice little story for you in 2017 they Coinbase had roughly correct me. I'm wrong. It was four different cryptos it was bitcoin ethereum litecoin Something else. I forgot the other one. It wasn't excerpt. No And it was very few and that's all you could really get and then all of a sudden they started they were going to add one more And everybody's like, what was it? What is it? Right? I know it's below 10 and they added a bitcoin cash on december 19th 2017 and it was a weird day weird actually four or five days before that and the reason was So December 19th is right here December 19, 2017 it went from it hit 3,785 which was very weird because Just Six seven six days ago. It was below 2000 And just a little sideways action and all of a sudden and then everybody everybody saw this I mean I saw this and I was like, what's going on big crash went from below 2000 2200 2800 and then 3700 on that day and it was like Hmm. How the heck did everybody just know that and do it and of course the assumption was That's somebody who works in coinbase told somebody who's told somebody told somebody that's insider trading And that's probably what it came down to now. Do not sue me because I those are just unsubstantiated rumors But it does make a little bit of sense So on that part armstrong reiterated the company maintains strict policies that attempt to prevent instances of insider trading you could all employees trade crypto solely on coin basis trading platforms As well as having a dedicated trade surveillance Leveraging advanced software to investigate potential abuse. Here's the thing though. Very tough to stop that I would assume because if you get somebody who works there How hard would it be to tell a friend of a friend? Hey buy this stuff. It's about to be listed although There isn't the coinbase effect as there used to be because now they have so many different cryptos on there And then to finish up the company also said it was labeled newer and less proven assets in an effort to educate potential traders on the risks which they've done right now for the end step tokens or step in tokens GMT and GST they say it's very New and they should do their own research So I guess a good step in the right direction and lastly The exchange said it would continue to improve its evaluation capabilities by reviewing the tokenomics giving you tools And brian said we won't catch everything but these investments will help us get better And we may be able to open source these approaches and standards to the industry over time These are still early days for crypto and it's going to take time for us to figure everything out. Well, here's what I say about that brian armstrong is Absolutely, right It's true What he just said there and I got to tell you I've given coinbase a lot of flak for a long time because of their their outages and their different problems that they have and customer service is just abysmal but I mean look at some point. You can't really do it all or much I think they're moving in the right direction and uh, I got to tell you it says something that the CEO goes Yeah, we got problems. We're trying to fix them and we'll do the best that we can now. Will they do that? Anybody's guess, but I do appreciate the effort. Anyhow, let me just think about that in the comment section and let's move on to our last piece and I call this I forgot to say this. It's not what you make. It's what you eat so That little story that we just talked about insider trading that doesn't just happen coinbase I don't know if you knew this, but if you're a trader, just know that insider trading happens all over the place for crypto And the thing is we only have like two trillion market cap Like if you've ever seen those those videos where I talk about all the money in the world The stock market has over a hundred trillion dollars real estate is over 280 trillion dollars and then options and derivatives have a quadrillion dollars So for a couple trillion dollars is a drop in the bucket. It's very easy to manipulate those especially in v5 what we're going to talk about now so Really all's it really comes down to it's not what you make. It's what you keep Insider trading was of things but also on the next one as far as uh defi so It doesn't matter if you make a boatload of money on a project and you know, you know what? I'm just going to get some super huge yield on a defi product Well, but all gets rug pulled where you at just the cautionary tale So this is a report 1.3 billion in crypto stolen a q1 2022 and 97 percent were from defi just something to think about so last year 3.2 billion in digital currency were stolen Just last year just 3.2 billion That's not bad And so far 2022 has recorded over 40 percent of 2021's aggravate during the first quarter alone So we are exceeding expectations as far as the amount of assets stolen in a very short amount of time Why is that? Well, it's because defi is growing. That's what really comes down to and people get greedy when they see like a thousand percent yield Like that sounds good No, I mean it's up to you. I can't tell you much dad So in q1 2021 only 72 percent of the stolen funds derived from defi and in 2020 The number was as low as 30 percent easy enough. There wasn't many defi products out there. So it only makes sense Most of the theft in 2022 came from faulty code exploits. Let me say that again Most of the theft in 2022 came from faulty code exploits where smart contract errors Were used to siphon stolen money from defi products. So it's our protocols. It doesn't matter It's it's not about there's some super genius hackers out there that are able to do it it's because These defi projects they go a little bit too fast and too loose with the code and before you know it They're like, whoops, we forgot to close that loop and then there it goes I am not a coder so I can't speak to this but It does as a layman just looking from the outside in Seems like we need a little more security just saying And but there is some good news centralized exchange hacks have dropped and centralized exchange hacks only account for less than 15 of the stolen cryptos So that's pretty good because uh, even like binance I mean, of course mount gox is the biggest one But even binance have been hacked for their hot wallet and that's becoming less and less common Because they know that they can't screw up So they put a premium on safety and security. So I applaud them for that Common defi protocol hacks came in the form of flash loan attacks and security breaches Of course the rona bridge attack Which saw over 600 million dollars lost and that's is the story mourning glory right there It's again. It's not how much you make. It's how much you keep Now, so just be cautious out there of what you do. I know this is like Not the sex used video, but really you think about it You worked hard for this money you worked hard for dollar cost averaging or trading And uh, you know buying the dips and all the good stuff. So just be careful out there and that's it So that's it for today's stories and news. So if you got to take off the o's thanks for stopping by do appreciate it If you like to uh, stick with us for the little q&a We'll just do a quick couple questions. See what you guys got and then we'll get the heck out of here So let's do that Let's see here banners Ah quite a show, huh? All right, lola green Where'd you go? I just saw you Okay, lola's got a great question Now that celsius cannot give interest to non-accredited investors and before we go on Just know that that is not accredited investors in the u.s If you were in canada or mexico or eu doesn't matter for you that does not Mean anything for you. It's just that america sucks in this part and they want us to stay poor I guess so non-accredited investors you can't get yield on Um celsius if you had tokens or cryptos in there before april 15th and don't move them You can still gain yield on that but anything you put in there new and you're a non-accredited investor meaning you make less than 200 000 per year or you have a combined uh I think income of a million or if you have a corporation over five million Then you can become an accredited investor fill out the paperwork or fill out the online form for celsius So could you evaluate vault and hold not Hold not exchange they give interest in crypto. Sure. I'll put it on my list of things to do I've only got 30 other things ahead of you. But yeah, you can do that and then also just remember If you're in the u.s Voyager still does that They still give yield. I think crypto.com still gives yield and a couple other ones. I think I don't I don't think ftx I know binance Does and they're they're pretty big, but uh, yeah, I'll take a look at that. So just so you know, all right What do you think of? Oh, yeah This is the second question. Hey, rob. What do you think of anatoly? Yakovenko nailed it. Solana founder. Thanks Saying that bitcoin needs to go proof of stake or fail. I don't What I see bitcoin I see it as the most Secured network in the entire planet And the reason it is because there's no single point of failure like you've got a bank account. I know you do Most of you I mean if you got an internet connection probably and uh For the for those bank accounts, there's there's single points of failure for where they can get hacked And you know, your information has been stolen numerous times. Just look at all the different breaches that facebook allowed even ledger but So when I take a look at a bitcoin, I don't want to go to proof of stake I don't think that's that's the whole point of the whole thing I think the proof of work aspect many making it the most secured network on the planet that has real world utility And I think that's what a lot of the people that don't really understand Bitcoin as just some crazy internet money that we have to dump a bunch of electricity No, no, no, you can put anything in there and it's Safe, so I'll take that All right Mm-hmm Yeah This is a good point. Why do people worry about e2.0 coming out? But never worry about slana and beta and it's constant shutdowns. Well, first of all, it doesn't have shutdowns a lot of them They have slowdowns and there's a difference between like and We can talk all day about this slowdowns versus shutdowns I mean, it's still a degraded performance right for the network So we'll call a spade a spade and that's what it is and there's no layer two that fixes security flaws Only time will tell and really it really comes out of the free market Which ones of these projects are gonna pick aetherium versus avalanche versus cardano versus slana Let the free market decide and then you just kind of look out and go Which one should I invest into as I do my own research? Any thoughts on hex and richard heart, I bet richard on the show seems like a nice guy Hex not for sure Just like we talked about ape coin and I missed out on that I'll miss out on a bunch of other things and Hex is just something that I just don't really I mean, I get the whole process of locking up and all those things. Great. I just That's boring I'm sorry. And of course If it's just about numbers go up. Okay, great That's uh, I don't really again. I don't get it. I said I don't get a point either I do the other stuff. I mean like, uh, the metaverse plays and the play to earn gaming I understand that that to me that makes total sense as far as utility But for this stuff Gary hates us all Gary ginsler is trying to protect you. Don't forget that that was sarcasm. All right Coincidence says dan wears on money. Uh, you have to elaborate on that I'm gonna guess I'm gonna guess here that someone may have reached out to you and said Hey, send me this much and I'll send you this back or something's crazy like that. Just so you know you see that Right underneath here where it says dan will never contact you I will never contact you So whoever contacts you and asks you for money That's not me and if you want to figure it out to like if you if it was a scammer or not God dang, I hate doing this every single time Yeah, let me show you on my screen. There it is Yeah, it's putting digital ads on new scam. There's a video It's about eight minutes long and it shows you exactly what the scammers and the spoofers do for my email And how they're able to track you down and get and sucker you out of your money That's why I put this thing right dan will never contact you. So if that's what it is coincidence, let me know because uh That's never gonna stop All right. Oh, it's a good question Hey, dan. Hey rob. Would you recommend manly doing my dch week or set up automatically do it each week? I don't I can't tell you what to do but I can tell you what I do I just set up a voyager and it's the same thing every day It's uh, it buys bitcoin and ethereum and luna and cosmos and Crap there's one more and oh usdc. Yeah, I buy usdc because it's on my debit card now from voyager so, uh, I just do that automatically because I get kind of lazy sometimes and also the emotion of the market gets me a little bit even me So i'm just like, well just set it up and let it go. That's it Ah, thanks dromama It's funny ftx dev does give yield Let's see And then of course Yes, dan will never contact you period. That is true Hex is a rug pull way to happen On top of the 30 other comments I just got before about how great hex is So look You're wasting your time with me on hex. I'm not going to buy it. So sorry And let's see rob. Would you buy phantom? I have bought phantom. I actually have I own some right now And last question. This is a great question rob. Is there a reason why your videos are so late every day? So today it's because we're doing that obsolete course for charity That'll be done by saturday. Also. It's because uh, i'm not in portorico right now portorico is uh, right now It's on eastern santa time. It's actually atlantic santa time. So it's two hours ahead So usually what I was waking up at usually I wake up every day about 5 5 30 Which is 5 30 eastern time and that's uh 7 30 here. So i'm getting started late And that's just how it is. So yeah That's it. All right And that's it. So well everybody 26 minutes. I think that's good So thanks for stopping by. I do appreciate you like this video and give it a thumbs up Or if not give it a thumbs down that button's broke also consider subscribing Let me do this every day and I will see you on the next one. Thanks everybody. Adios