 Welcome to Digital Asset News. Take a top stories in cryptocurrency and digital assets, and a big amount of bite-sized pieces. Today, we've got some scary stories and some good ones. First up, Japanese court convicts Bitcoin tax evader trader gets a year in prison plus a fine of $200,000. So the question has to be asked. Is just the first step being started in Japan, and is it going to be global for people who try to evade crypto taxes? On top of that, we're going to take a look at a nice little story which talks about U.S. retail investors more bullish on Cardano than Bitcoin, so say to survey from Voyager. And of course, when I take a look at this, the only expression I have is, well, of course it is because it's Cardano, and we'll get into exactly why it has nothing to do with technicals. So we'll take a look at all that. First take a look to go on the market. So today it is still March 13th. When you watch this, it'll be March 14th though, because I will be driving back to El Paso, Texas. We just got done with everything with for this investment property and everything's going to be rolled out. So I'll actually do a quick little, I need to do a quick recording of the home just so everybody can see it. But yeah, it's looking pretty good. Anyhow, let's take a look at what's going on in the market. So one chain is not number one. I was telling you that right now. Let me redo this reconfigure. There it was. So Bitcoin, let me blow this up so you can see it. As you remember, Bitcoin actually did pretty great yesterday. And we were, we blew past 60,000. Now we're at 61.2. As of right now it is, what is it, almost 7 p.m. Houston, Texas time. So that's great. Let's see if it can sustain. I don't see it going to go up much higher, maybe 63, maybe 64. But you're going to see a lot of people taking profits. That's just how it works out, right? Once we had all-time highs, it is interesting. My friend George talked to me about this. He said, you know, what's interesting is that when we hit 50,000, there was a huge amount of people who took profits. It was like a psychological thing. And they just, you know, they dropped it pretty far. He goes, but with 60,000, you don't see as many people taking profits right now. Now different parts of the world are just waking up. So we'll see how it happens. But usually on a Sunday, we see a big, big little bit of a dip because people do what they do and they need money. So good for them. And you know, everything else is up, but that's just what's going on. So this is all great and we're all happy, right? Everybody's happy. Everybody's making money. This is fantastic. But it really comes under this. It's not how much you make. It's how much you keep or think that you're keeping. And that's going to play into our next article, which we're going to talk about right now. This is important because I don't want this to happen to anybody. I don't want people to be audited like I was with the IRS. Just make sure you pay your taxes. That's about it. And if you don't think they, they're like, oh, they don't know. Trust me. If you go into an exchange at any time, and you've gotten any kind of cryptocurrency, they know. Now, if you were one of those people who like in 2010 got Bitcoin from some crazy ATM, yeah, I don't know if ATMs were around that time or, you know, some miner give it to you, you're good, right? They don't have to report and squat. But if you've used an exchange, they wish they reform any kind of KYC, AML where you've shown your ID, your government knows. That's all I can tell you. Not a tax advice, obviously. So what happened here? This is a crazy story. First of all, the judge concluded that this man, this is Mr. Matsuda, didn't file accurate tax declaration knowingly on his Bitcoin trading activity. Per court documents, Matsuda didn't declare the period 2017, 2018. So that's what's interesting on this case. First of all, it wasn't very recent. They went back three, four years ago and said, hey, we don't notice that you didn't disclose all your filings. Oh, yeah, you're right. Well, why don't you come into court and talk to us about it? And here we are. The courts say that the office worker falsified data on his tax emissions because he claimed he had just earned $11,000 in profits or 1.2 million yen, sure. In reality, he received $678,000. So he's like, yeah, listen, I'm going to report this $11,000, but the $678,000, I'm just going to let that one slide. I'm sure you guys won't find out about it. And they did, of course, right? So here's the thing. Just between us. I'm not a financial advisor and I'm definitely not a CPA. I leave that to the smarter people. But if it's like a little bit of flub here and there, IRS isn't going to care too much about you, right? But when you say that, and they look at the records like, man, this guy made over a half a million dollars in trades and he's only going to give us 11, well, that's not going to fly with us, with the government, with the Japanese government, with the American government, with the Canadian government, or whoever. We're going to get this guy and we're going to make an example out of him. And that's exactly what happened. So in this situation, just don't let this happen to you. That's all I can say. And again, if it's like something small, again, if you kind of mean to help, but Rob over at Digital Asset News told me that I can get away with it. So I'm saying, I'm saying that the IRS usually likes to go for medium-sized fishes. We'll just say that. The big fishes, usually those guys, like Jeff Bezos, they can outlaw them all day long. So good luck with that. But the IRS, if they want to get somebody, medium fish, small fishes, maybe they're not so much, I don't know. All right. So yeah, moving down. When his lawyers on the hearings interviewed Matsuda, he claimed he didn't have clarity. He didn't have clarity on calculating the profits of incomes earned from cryptos. So basically he's saying, I just didn't understand. So whoops, I didn't know I couldn't do that. And they're like, yeah, that's not a defense. Matsuda's lawyers allegedly already pledged for pardon, as they stated that Matsuda submitted petitions to amend the issue and file a tax documents properly. So he even said, look, I know I messed up. I'm really sorry. Let me just redo this. Give me a mulligan and I'll pay you what you want. They're like, no, come to court and we'll figure this out. And this is what they figured out. They said, look, you're going to pay us $200,000. I'm going to stick you in jail for a year. That's what it comes down to. The legal case, the first of its kind in Japan, making Matsuda the first person to land of the rising sun to be sentenced for being a Bitcoin tax evader. And this legal proceedings started in 2020. Now, it doesn't say exactly when in 2020 this started. But let's just say it was middle of the year, August, whatever else. So that's like nine months or so, six months, seven months. And this is just some small guy. So when people talk about the XRP and SEC type of lawsuit that's going to be over soon, I don't think it's happening. I've been through a lawsuit. It took me three years. And I'm just some, I'm just nobody. And it took that long for depositions and discovery and the back and forth. And it's just, it's a long time. And this is, again, just me. I'm nobody. So anyhow, let me know what you think in the comment section about that. And that, of course, will lead me to the thing I want to talk about, which is, look, if you need to do your taxes, I know what's stressful. I hate doing taxes. And I especially hate trying to look at all that spreadsheet for all the trades I did this year and figure it all that out. So what I use is crypto trader.tax, friends of the show. And if you want, you can go to this, I'm going to link this in the description. You can sign up for a $300 free tax report. They have different levels. This is their ultimate, ultimate unlimited tax report. If you need something simple, it's much cheaper. There's a link in the description. Dan viewers get 20% off. So use that. I've used this two years in a row. And it's been fantastic. I put the data in, I get the API or the CSV from all the exchanges. And then I stick it in there. It gives me a readout. I click a button. It sends it to my CPA. My CPA says, Rob, you owe a lot of money. And then I like, well, that's usually every year, Janice. So who cares? And that's pretty much how it goes. But I don't have to spend so much God awful time going through those reports. So definitely if you think that time is money, definitely take a look at trader.tax. Also, if you don't want to pay taxes at all on your crypto, just put in a Roth IRA. That's what I do. So if you got like a 401k, old 401k, a 403b, military, TSP, or 457, you can roll it over. Talk to the people that I trust. Link in the description. 30 days for free. I even did a video that's about 20 minutes explaining what a Roth, a SEP, and a traditional IRA actually are and how that works with the cryptocurrency. But basically it goes like this. The money that you have that's already been taxed by the government from your job, whatever else. You're going to buy crypto. Of course, it's going to go into your IRA and they're not going to tax you on the game. So if Bitcoin goes from 50,000 or 60,000 to a million or whatever people think it's going to, I don't think it's going that high. Let's say 150,000, right? They can't tax you on the $100,000 gain from or 90,000 from 60,000 to 150. That's what's great. Also, I've got Ethereum and Polkadot. What's great about that is that with those two, in quarter two, they're going to allow staking in my Roth IRA and all those gains plus Ethereum and Polkadot are tax-free. So just all right. And that is it. I ordered this shirt because people are like, Rob, why you shill crypto trader and I trust and Voyager or whatever else? I'm like, because I believe in them, all three of them heavily. So sure, I'm a shill. I don't care. So every time I start talking about this, I'm just going to whip this shirt out and that'll be that. Anyhow, let me understand the comment section. Let's move on to our next piece. So this one is really quick. It was a survey and I'll just summarize it real quick. Survey by Voyager, they said, which one do you think is the most bullish on? And of course, people were like Cardano, which they didn't believe. So they had to ask people and this was a survey that they came out with 31% said, hey, they're the most bullish on Cardano. And you can see it. Let me blow this up so you can see. I thought this was interesting actually. And unfortunately, unfortunately, it really plays into my own bias because I'm biased on this. I'm biased on this show. That's just how it is. But it says here, which crypto is your most bullish on? Cardano is far away number one. Look at that. Bitcoin is number two at 22%. Ethereum, Polkadot, Voyager, Ripple, which I guess would be XRP, Chainlink, Voyager, Lumen, and then others, whatever that is. So yeah, that's a pretty good deal. So there's two things to talk about. First of all, I'm super biased. I hope you know that. So everything that I talk about on this channel is because I own it. I don't usually talk about too many things that I don't own or am not at least interested in owning. So you won't, lately, you won't hear me talk about non-bungible tokens and the artwork. I don't get it. I'm sure it's going to be great, but right now I think it's in a bubble and it's just crazy, crazy prices. I just can't get into that. But the stuff that I talk about, either again, I own it or I'm really interested into it or I'm probably going to buy it at some point. So just like other people will say, I'm not biased. Sure, whatever, but I am. So that's just me being honest. And the second thing, when I take a look at this and people say, well, we're really bullish on Cardano, why not? Bitcoin is the safest bet in the cryptocurrency verse. Everybody knows about it. Everybody knows it's going to go up. No one knows how much is going to go up. But really, if you're just getting in or you've been in for a while, it doesn't matter. You look at it and you're like, which one can I have the most gains? Well, I think Bitcoin is going to 150. So that's only a 3X. Ethereum is at 2,000. I think it could potentially go up to 10K. So you're looking at a 5X. Voyager, again, me shilling, that is at around 5 bucks right now. And I think it's going up to between 30 and 75 bucks. So that's way more. So when people talk about, well, I'm bullish on this, I mean, just look at the potential returns. So why wouldn't you? And then of course, all the different news that we hear about, of course, Voyager with their loyalty program, Cardano coming out with the Gogan era, the Mary Hardfork, smart contracts, the ERC-20 converter. I mean, all the things that they're doing. And they have a great, huge team. The only thing about Cardano, and this is just between us, is that a friend of mine who he or she wanted to create their own token, and they actually went to a couple of different places to say, hey, can we get this token going? And Cardano was one of them, like, we can't do that. We can't get native assets here, and you can't really gain traction on that because we are just kind of building on top of what's going on. So when people talk about, well, no one really builds on Cardano, yes, I know. It's because with the Gogan era coming in with on the roadmap and with the Hardfork, what this means is that the developers are going to actually be able to start doing it, and the native assets are going to come alongside that. But right now, you can't really do that much as far as Cardano is concerned. Now, that's just the information that I hear. I could be totally wrong and don't crucify me. I hold a lot of Cardano a lot. I actually have two Cardano staking pools, which you can find over at DanTeachersCrypta.com. Just click on Ada Staking, and I'll tell you all about it. But you have to understand, I invest in people, and when I talk a lot about a certain project, it's because I believe in the person or the people behind it. That's why I'm big on Celcius and Alex Michenski. I'm big on Steve Erlich and Voyager. I'm big on Charles Hoskinson and Cardano. I'm big on Dr. Gavin Wood and Polkadot, and it's just because of those people. And also, I'm getting bigger on Swissborg. I had Alex Fosl on the show about a week and a half ago, and he was great, answered all the questions, and I just see them as like the European Voyager. That's just what it is. Again, I think for this one, it only makes sense that people are going to be bullish on Cardano. Look, it's only a buck. If you're looking at, well, I could buy this for a dollar, or I could buy Litecoin for $90, or Ethereum for $2,000, or Bitcoin for $60,000. Where is this? Who? Cardano? He used to be the co-founder of Ethereum, and then he started this. How many people do they have, and how many divisions they have, and what have they done lately, and what's their roadmap, and what's their team? I mean, just all kind of comes together. I see that one as, of course, it's like a dumb moment for me. Anyhow, look, that is it for today. If you enjoyed the video, found some value into it, give it a thumbs up. That helps tremendously, and I really appreciate it. Also, consider subscribing, because a lot of things we talk about are time-sensitive. That is it for today. Enjoy your Sunday. Let's see what the market does. I'm guessing a dump, and we'll go from there. So thanks so much. See you on the next one.