 Bung the Gelasset News to get top stories and crypto currency and gelassets and bring them down to bite-sized pieces today. Bullish news. First up, Bitcoin addresses holding 1 million goes parabolic as 10% of Bitcoin supply sits idle for 10 years and this is going to prove my theory that there is way less Bitcoin circulating than was previously thought. Also Billionaire Mark Cuban affirms that Bitcoin is a store of value after he called it anything but. And finally we were so close to a stimulus package being put through by US Congress but of course there is a little bit of a flub and somebody is holding out but the reason they are doing it is actually a pretty good reason and we are getting to all that in the 12 days of Christmas as well as the market but I have to make mention of one important factor. There has been a lot of questions about the DNews Cardano staking pool which as of right now December 19th at 4pm we are looking at about 10.5 million ADA which has been delegated to the DNews Stake Pool. A lot of questions have been revolving around how do I buy Cardano. I live in the United States. I live in a state that doesn't allow that. I'm only stuck with Coinbase or wherever else it is. I want to recommend to use SimpleSwap. If you go to my free website at danhagescrypto.com in module 5 there is a simple easy video where I show you exactly how to use SimpleSwap but if you are looking for anything like oh I don't know Cardano it's right there. I was looking for Theta it's also right there or T Fuel or whatever else it is. It's all right here so this is a decentralized exchange this is something that I highly recommend. I use it myself too by Theta. Also to find SimpleSwap is very easy and the link in my description of every one of my videos there is to the exchange and wallet fees and if you just swipe over a little bit here is SimpleSwap and here is the official link which you can click right there and go right to SimpleSwap so you know you won't get scammed. Now one of the 12 days of Christmas so we've been doing pretty good with giving away all these great items. And today the 19th we're giving away three free sessions or three free memberships to CryptoTrader.tax. If you don't know CryptoTrader.tax it is the exact same reporting software that I use for my taxes here in the United States. So unfortunately this will be only for the US viewers and we are giving away free of the unlimited level access to CryptoTrader.tax for $2.99 and we're actually giving away three of these tonight. So to win it's very simple in the description below it'll be the very first link it'll go to danthediscripto.com forward slash taxes putting your first name email and submit and this is going to go directly to the team at CryptoTrader.tax and they are going to find out three winners and they're going to email those winners so they can get access to the software. So good luck to everybody go ahead and submit your first name and email and they will take care of everything. Alright so let's take a look at the market so today was a pretty good day for Bitcoin they actually went to $24.1 almost $24.2 and it's actually tumbled down about $700 but it's still up to $2.1 and 25% for the week. That's our amazing numbers we like those numbers. If they're up to around $6.50 pretty great we'll take that 14% for the week. XRP watch out $0.57 down a little bit but still up 13.5% for the week so we'll take it. Tethanomic care is like coin 10% at $120 almost like coin has been in a tear thankfully for that PayPal listing. It's really had a resurgence. Whatever PayPal lists from now on will essentially be the coin base effect. The next cryptocurrency asset that they list will be enormous on PayPal hopefully it's Cardano who knows. Chainlink at $13.30 up 10% for the week. Cardano at $0.16 anything really great not too much just a little bit here and there. Now let's take a look at what it could be if you were just investing in Bitcoin we'll take a look at what Bitcoin is so what we're looking at here is if you would invest it into Ethereum you'd actually be down about 2% instead of investing in a Bitcoin XRP same thing Tether whatever like when you've been up massively 7.4% and again that PayPal listing was huge 2.6 for Binance coin and really that's a 3.3 for who will be whatever Uniswap a 3.5 I can see that especially after we talked about today in the earlier video today we talked about how Steve Mnuchin is they're putting forth regulation to control the custody type wallets that are on exchanges it's gonna be a lot more KYC and AML type of regulation this doesn't really affect the private wallets such as the ones that you have within a ledger but again big brother dipping into what you are doing so I have made a proposal that I think that decentralized exchanges will be much more in demand as opposed to using an exchange and paying all the fees that they do unfortunately Dex is having pretty they still have fees to alright that's what's going on the market let's jump into today's top stories first up this is what I've been saying all along we talk about the 18 and a half million Bitcoin that is circulating but that's not true there's actually been many millions that have been lost because in the beginning when people actually mined Bitcoin they were getting like 50 bitcoins every 10 minutes and it was just like nobody's money was just a couple of cents here it didn't really matter so people would throw away their hard drives or they would lose it or they would just break because 10 years ago the computers 10 years ago sucked so for me for like a PC I'd have a PC for like a year and I just throw it away because it's just worthless so I believe that there are millions that are lost and the circulating supply is actually around not 18 and a half million I think it's between 2 and 3 million personally maybe even 4 million so I think that would even raise the price up right now because circulating supply will be we'd be a lot lower and this report proves it so Bitcoin addresses holding on 1 million goes parabolic 10% of Bitcoin supply sits idle for a decade alright so the time of publication Bitcoin is hovering just below 23 so this was obvious a little bit earlier because now it's a 23.5 just about and then researchers from Glassnode tweeted the number of Bitcoin addresses holding at least 1 million and said the metric has gone parabolic it's what they say these wallets that have a million or more increased 150% to 66,540 addresses why because Bitcoin cross 20,000 has turned all those early minor addresses which had 15 black rewards into millioner addresses so can you imagine back in those days when you're reminding Bitcoin no one would have thought it would have gone to a dollar first of all they never thought would be on par with the dollar that went to a hundred bucks that was crazy and a thousand that's ridiculous and as soon as a thousand hit people started 10,000 no way 20,000 no way 100,000 no way 500,000 no way so you see I'm going here this is the same thing that's happening and it says it's happening in perpetuity it's a perpetual motion of people just not believing it can actually happen and then it happens it's crazy so at current exchange rates a person needs close to only 44 Bitcoin to be a millionaire which doesn't seem like that much especially if you would have bought you know back in March was like 5,000 I mean look you could have got mean 10 for 50,000 imagine 10 Bitcoin for 50,000 and that just sounds crazy right now but it really is so here's the big crux of it the data indicates that 10% or almost 2 million Bitcoin out of the 18 and a half million in circulation hasn't moved in over a decade so what does that mean either you have the strongest hands on the planet where they're not moving anything at all or they are lost they are gone they are thrown away they are not coming back and those numbers should be taken out of circulation which would cause us to say well what we really have instead of 21 million it's really only 19 million and that is the total max supply of Bitcoin because we can't get the other ones back and also let me move down here these wallet addresses these weren't like they were mined they were minted and they were transferred somewhere and somewhere and somewhere these 1.7 million Bitcoin have never left their minor addresses these are fresh wallets where when they remind the risk-puttings addresses and that was it they haven't moved at all so that is almost 10% of the circulating Bitcoin supply the analysis shows that 98% of those coins were mined more than seven years ago 94% more than 10 years ago that is a lot and it says most could be it's not could be I mean most are lost forever and this was I thought was pretty interesting there's only one Bitcoin address in existence today with between 100,000 to 1 million coins and the address has 141,000 Bitcoin worth over 3 billion using today's exchange rates if that's not Satoshi's address or wallet I don't know which one it is but that is amazing to me that one address has that many but it is what it is so let me understand the common section let's move on to our next piece so next up billionaire Mark Cuban who has been kind of wishy-washy on Bitcoin now says yep Bitcoin's a story of value and it's amazing how all these experts come out and like yeah that's story of value yeah it's going up yeah we're buying a ton of it and all of a sudden everybody's like oh yeah it is story of value it's amazing so yeah here we are with the same type of story billionaire entrepreneur Mark Cuban who has long been a prominent crypto critic says he believes Bitcoin can store wealth that's amazing the odds favor this is what he states the odds favor those trying to approve upon it it currently works a story of value with demand outstripping supply so people are interested thanks Mark didn't know that so yeah that makes sense right I mean PayPal they're gobbling up at least 70% of the total new Bitcoin and then grayscale is getting the rest and of course you have micro strategies buying up as much as they possibly can and you just had Guggenheim said they're buying up a ton they were buying a 10,000 that's the one that said that's gonna go to 400,000 so and that's just the ones that are public for every one public company that says yeah we're buying Bitcoin I believe there's 10 or 20 in the background in the shadows in the secrecy of darkness who are buying up Bitcoin like nobody's business and that is what is going to drive up the price and then Mark says something like no matter how much Bitcoin fans want to pretend that's a hedge against doob's day scenario it's not countries will take steps to protect their currencies and their ability to tax so the more people believe this is anything more than a story of value the more risk of government intervention they face well here's the question to mark how they gonna do that how are you gonna do that how are you gonna ban Bitcoin when you'd have to ban the entire internet there are over 10,000 nodes throughout the entire planet that hold Bitcoin people say ah well that is those ban the exchanges sure go right ahead America ban the exchanges and fall flat again because guess who's not going to every other single country out there they're like oh you don't want to do it well no problem because we'll do it we'll take over this this is no problem for us and we'll get around these sanctions and we'll have our own little global currency or at least a global store of value so America have fun we will leaving the dust and you will be old school just like what you're doing right now all the rest of your junk banks the reason I get a little bit passionate about it is I think it's irresponsible sometimes for someone to say you know you really because it kind of gives a negative spin on it and people get a little scared they don't invest into it and then people invest in you know goofy things like bonds and putting their money in the bank and they they they put it in savings they think that's what you know it's what their mom and dad said that's what the grandparent said it's gonna be safe and that's okay and then they put in the assets that are you know they're they're prone to inflation or they just put in the cash and then when they have cash what happens to that it's on fire so this is a problem and Bitcoin and a lot of different digital assets they appreciate we've seen it time and time again 2021 we're gonna see a massive amount of appreciation in this market so when we hear these types of things I feel sorry for the people that you know they it sounds good to them at first Mark's like oh it's sort of value and he's like bad but you know governments might ban it they're like I'm staying away from that and they won't buy and then when everything comes about and the world really does become a fire they just missed the boat this is why I created the channel this is why I keep my website free this is why I do the things I do every single day and yeah let me know what you think in the comment section let's move on next up oh politics everybody loves that there's two things you shouldn't talk about to say friends religion and politics and I will do one of those right now politics live update COVID relief negotiations stall the GOP senators call to end emergency Fed powers and first when I first this my god leave these these damn corrupt politicians and then I get to why he's doing I'm like well okay I can kind of see that so let's just scroll down now hopefully this goes through and I have to tell you I gotta tell you that these are the weakest bunch of congressmen and congresswomen out there if they can't get anything passed they are net because can you imagine their huge corporate sponsors who needed a bunch of money they said hey we you you got a pass I'm gonna give us something and they were able to do that and in in perpetualness now when you're trying to deal with the American people they're like hey we really need a stimulus and we don't have anything to really live on I mean the last woman's check was what 1200 bucks how long goes that that may I can't remember it's been a long time and of course there is unemployment but they actually slash the cost of that because they couldn't fund them because they can get a stimulus bill fast so here we are almost said in Christmas and they're still fighting over the same things and it's not gonna be 1200 bucks seem like 600 bucks if that we'll see what happens so it's discerning to me that I see these types of things happen I'm sure they're trying to breast I'm sure they're doing the you know the greatest thing of all time but you know they have to keep pushing things forward and they have to actually keep funding the government so they can stay open so they can get this thing done here's what I say I say nobody gets a paycheck in Congress until you pass the stimulus check or the statement stimulus package nobody gets a paycheck you're gonna work for free just like everybody out there so I'm sure at that point things get done so one of things that is one of the holdups is that as the hours tick down towards another government shutdown senators deadlocked over Republicans insistence on a provision ending certain emergency Fed reserve powers be included in the bill again what they're trying to do is to reduce the amount of power that the Federal Reserve has which could be quantitative easing which they said hey you did a great job you bailed us out but you know you can't keep printing money like that it's totally fiscally irresponsible and this is just like one one guy at senator Pat Toomey from Pennsylvania and a Republican and they're like no we're gonna push this through but he's staying staying fast the reason I bring this up is because the last time we had a stimulus package there was a spike a huge spike in Coinbase in how much money they got as far as the specific amount and the package itself was $1,200 for each American citizen I mean depending on where you got it right and they saw a huge spike in the amount of cryptocurrencies that were bought for $1,200 and the same things gonna happen here as soon as this gets passed a lot of people are that are doing okay are gonna put that money and write in the cryptocurrency is now the ones that need it they got to buy you mean you got to buy groceries you got to put food in the table for your family right but the ones that are like you know I'm gonna okay they will put that into cryptocurrencies which will increase the market cap and you know bring the whole prices up so I'm hopeful this will happen but with the way the things are going I just don't see it's getting passed anytime soon so that's it so just remember if you want to win the crypto trader dot tax we're gonna give away three of the unlimited plans that's what I go go for but believe me in the description you gonna see there's a video actually I talk about crypto trader tax it's fantastic it's a ton of time a ton of headache a ton of heartache and it's great so I just go to dante just crypto dot com forward slash taxes again the link will be the very first part in description below putting your first name and email and then send it over and then you can win now remember this is only for you to see what citizens coming for the most part this is what it really does but I've got some good news for non-us citizens that is 12 days of Christmas over by Swiftx the Australian crypto exchange and they've got some pretty great gifts call my 80 on 25th to give away one Bitcoin and anybody can register throughout the whole planet and you don't have to be a swift expire I'm gonna leave the link in the description just gonna click on the inner giveaway and you'll do a multitude of things and they pick up multiple winners so go ahead and check that out and that is for everybody all right so thanks for sticking with me to the very end I really appreciate a lot of good interesting stuff going on if you like these types of videos maybe two months gonna pop up on your left and right let YouTube do their magic and that's all so thanks again really appreciate it see you on the next one