 Welcome to Digital Asset News, like the top stories in cryptocurrency digital assets and break them down to bite-sized pieces. Today, we've got some good stuff. First up, multiple Bitcoin theories arrive at the same conclusion. I'd like to take a look at this to see where we are potentially at right now and where we could be. And I gotta tell you, everything points to Bitcoin at six figures. Also, the IMF publishes cryptocurrency explainer saying it could be the next step in the evolution of money. And I have to tell you that when the International Monetary Fund or IMF gets into the fray of putting out commercials for cryptocurrency, there's only one thing I can say, mass adoption. And lastly, we'll go over a disturbing trend that I see more and more that has to do with exchanges and wallets. This will lead us into question of the day from massive crypto. But first, let's take a look at the market. So today, it is August 24th. It is about almost high noon Texas time. And let's see what we got. So first up, Bitcoin, a little bit below 12k. What a bummer. 1% up though at 11.75. So I'm pretty happy with that. Ethereum, very happy with this. It broke over $400 again. I gotta tell you, if it can just keep 400 consistently, I think it's going to do great things. There is a Ethereum fees, which has been on the rise. However, thankfully, Omisei Go stepped in and took over some of the fee issue. So if you're transferring Ethereum, not so bad right now, and I'm thankful for that. XRP 28 cents, watch out, never changes. I gotta tell you, I don't know what the difference between XRP and Tether is besides the obvious, right? It just seems to be there. Now I know everybody talks about well, XRP is going to pump real great. It's the last one to pump. It's awesome. Just waiting. Anyhow, Chainlink took a little bit of a pushback, a little bit of a retraction down to 1515 after it's all-time high of around $20.10. But it is up 1.6%, but 20% for the week. So hey, what are you going to do? You had a great run, Chainlink. Bitcoin Cash up 2.7, Litecoin and our new darling of the industry, Polkadot up 17.8%. If you notice one thing, the seven-day average is not here. And you know why? It's because it hasn't been out for seven days, and it's already in the top 10. Actually, it's number eight. So congratulations to all you Polkadot holders. I did not get on that one. I just didn't really want to do it. I gotta tell you, there's something fantastic and new coming out every week, it seems like. But I pass on this one. Maybe I should have got it, but hey, can't win them all, right? So for all you holders, congratulations, tip of the hat. And you're at $4.43, maybe at $5 today, who knows? Cardano, slipping a little bit at $0.12, but it is up 1.6, and down we go. Taiso's up 7%, happy about that. Anything fantastic? Oh, eight up 28%. So all you DeFi fans, congratulations. All right, let's break into today's top stories. So first up, multiple Bitcoin theories arrive at the same conclusion, which is essentially Bitcoin's going to rise. I mean, that's pretty much it. But it's interesting to see how much it's going to rise to, and how long it's going to take. And I gotta tell you, I'm investing into Bitcoin, Bitcoin, Ethereum, XRP, Cardano, Chainlink, Taiso's, VeChain, Theta. I have a lot of investment. As I was going through this, and I was looking at the different news articles, I'm just going to tell you bias that creeps into you. I've held Bitcoin now for over three years. And there was a couple of articles about what I thought was Polkadot. And I was like, I'm just going to glance over that. I'm going to go to the Bitcoin one. And it's because I own Bitcoin. So when I talk about these things, you've got to understand it because I'm biased. I mean, I try not to be on this news channel, but it just sinks in. And then I was looking through the thing. I'm like, oh, it's not about Polkadot. It was something else, pocket, something about pocket, some lending platform. But I thought to myself, like, wow, I'm becoming one of those people that is biased towards Bitcoin. And I got to tell you, you got to watch out for that. Because if you sit back and look at these Bitcoin maximists who have been in 5, 6, 7, sometimes plus years, you just look at them like, what are you talking about? Do you really think that Bitcoin is really the only one? It's because they've been so ingrained in their head and just pounded and pounded and pounded that it just looks ridiculous coming from the outside. And so what I'm going to start doing is trying to branch out and look at some other projects. And I probably won't invest into them, or maybe I will, I don't know. But you can't sit around and just be in your own echo chamber. It just doesn't work like that. You got to get out there and look at new things. Anyhow, let's break into this article here. So Bitcoin, there's different theories about when Bitcoin is going to pop off and what's going to happen. One of those is the four-year cycle. And it's one that I actually subscribed to. It makes sense to me. They talk about the four-year cycle theory. So they said Bitcoin moves in four-year cycles with 200 weekly moving average acting as a support. And you can just kind of see it right here in this little graph all the way back in 2010, 2011. And it's kind of, you know, moves in the same type of pattern. A little parabolic, a little drop, then a little gain, a little pullback, and then a parabolic, and then drop, and then kind of like sideways action, parabolic, drop. And I think we're going to see that again. But who knows? Anyhow, it says the reason why the four-year cycle theory fails is due to the lengthening Bitcoin cycles. And this is interesting. The first Bitcoin cycle lasted for 400 days, within which the bull market lasted for 250 days. The second cycle lasted for over 1,000 days. And the third one is on its way, and already 623 days have passed. So don't really subscribe to that theory right there, because, I mean, if you just take a look at it, it's pretty plain as day. You know, there's just, there's some sideways action, parabolic run, drop off, little, you know, sideways action, parabolic run, drop off. And we're just going, we're going in the way that we all wanted to go, which is straight up. Well, not straight up, but, you know, up in that, in that sense. Moving on, it says, based on ROI cycles, the price of bottom will hit peak somewhere in late 2022, and estimates the cycle to last almost 1716 days. That leaves 730 days for Bitcoin to hit its peak. And it's the same type of thing that we just saw, but a little bit of, you know, variance. So sure. Coincidentally, this also falls in line with the popular, controversial plan B's stock-to-flow ratio. Both models come to a similar conclusion regarding Bitcoin's top that one Bitcoin will be equal to 100,000 by 2022. So I gotta tell you, when I, when I read this, it's the same thing that I had talked about before. And if you've ever watched my Hexen strategy, I talk about, well, if we just look at, you know, how long it takes from the, the drop off to the next parabolic bull run, yeah, you're looking at certain time frame. And I said, yeah, I mean, it could probably be 2022 is when we see, you know, Bitcoin pop off. And I gotta tell you, for me, when I, when I see other different scenarios, play that out, I'm like, this is fantastic. Imagine we have all this time to accumulate Bitcoin, and it might go below 10, I mean, who knows? I mean, it could go below 10,000. Everybody says the same nonsense. This is the last time you see Bitcoin, low $10,000. Well, guess how many times that's happened? I mean, look, I saw before 4,000. If you were here in March, you saw the exact same thing. So, but imagine this, you're able to just accumulate and accumulate, accumulate for two years to an asset is going to hit 100,000 plus. What that's thinking for a second, all you gotta do is just dollar cost average. You don't have to dump in a thousand, you know, when you get $1,000 and dump it all in, just dollar cost average every week or every three days or every two weeks, whatever it is, you put in $100, $25, $10, I don't know, whatever it is. And then it's going to go up 10x over the next two years. Now, this is not financial advice and all that stuff, but I gotta tell you, I have no doubt it will hit that. I'm going to show you why in a second. So now you're talking about a new narrative, which is the ROI cycle theory, still needs to be disproved, where they're talking about, you know, hey, so far, Bitcoin has not only held up its narrative for being an uncorrelated asset, but also has had a higher ROI the most. Let me tell you, it is the best performing asset in the last decade. It has beat every stock, it has beat gold, it has beat silver, it has beat the S&P 500, it has beat the pants off them for the last decade. There's a video that I did, you can check it out, I will link at the very end. So when I say it's been a higher ROI the most, you know, that's true. It's just been the best of most. In fact, using Bitcoin's network momentum chart, it can be seen that Bitcoin is going through an extended momentum phase. I gotta tell you, so when I'm looking at this, I think to myself, okay, well, you have this 2010 sideways, a little bull run here, then you have this bull market lasting from 2013, 2014, then the drop off, and then it starts to gain momentum. And another bull market, which we saw, which is pretty nice. And then we saw a big drop off, and then everything's trade sideways for a bit goes up and down, but it's momentum. But if it's talking about Bitcoin going through an extended momentum phase, you know what that means? Everything's coiling up tighter and tighter and tighter and tighter. And what happens when you coil up to a maximum pressure? Well, you spring off to the roof. So when we're talking about these different types of scenarios that could happen, the longer that we're in these momentum phases, as they say, or it coils up, like I say, I think the higher the trajectory of cryptocurrency, and it's not just Bitcoin I'm talking about, it's not like Bitcoin's going to go to, you know, 200,000. And then, you know, a theorem's going to be at 423 or something crazy like that. It all goes up. And I'm happy with that. So hopefully that actually happens. But finishing up, it says a fascinating observation is that most of the models and predictions point towards the price of Bitcoin and six figures. And again, I have no doubt. So this is the same thing I talked about in my bull run. I just took a look at dates. And I said, okay, if the first halving was on 2012, that was the very first halving or halving Bitcoin ever had. And from 2012, it hit its all-time high on December 2nd, 2013, and it took 369 days, almost a year to the spot. And the price of the halving on 2012 was 12 bucks. Imagine 12 bucks for Bitcoin. And then in a year's time, it went up to $1,000, which would still be pretty awesome, right? So you almost hit 8,000% increase. That would be awesome. And that's those people who were back then. Those are the Bitcoin maximalists, right? That were around that time. I mean, there's still some coming around. But I mean, why wouldn't you be maximalist? Like, this is awesome. But you gotta understand, there's more assets out there. And it's not just Bitcoin. We're not just talking about cryptocurrency. We're talking about digital assets and all the things that they can do. So if we take a look at the second halving, this was more interesting. So second halving, it happened on July, 2016. And then a year and a half later on December 16, 2017, it hit its all-time high. So the price of the halving on July 9, 2016 was $650. And then a year and a half later, it was almost $20,000. So what happened here? So you take 8,000%, it went to 3,000%. So that's about a third. So, you know, round numbers, you know, about a third. Okay. So now we take a look at the third halving. We had it in May, 2020. And if we go from just the time frames, one year, year and a half, maybe two years, makes sense, right? So from the date of the halving, it was about 10,000. That's what I predicted. It was around $10,000. I was like, well, I think it's going to be that. It kind of worked out like that. So what, what could be the all-time high? Well, if we think about two years, 2022, we could do 100,000. Why 100,000? Because if we went from 8,000 to 3,000, so it was about a third. So we do a third of that, 1,000% of 10,000, $100,000. And that's just my conservative look at it, right? If you want to take a look at Tim Draper, he's like, no, no, no, it's going to go the exact opposite. It's going to be a year, year and a half. It's going to drop and it's going to hit in a year. So in 2021, we're not going to go down by a third. We're going to go up by a third and it's going to be 4,500%. And we're going to have 450,000. Actually, he says around 250,000, but whatever you want to do, honestly, between me and you, I don't care if it goes 100,000 or 250,000, still a lot of money. And all this time that me and you have got a chance to actually accumulate, sky's the limit, right? So that's just my thoughts. Let me know what you think in the comment section. Let's move on. All right. So next up, IMF publishes cryptocurrency explainer. And it's a commercial, which is, which was pretty amazing to me. Now, if you're new to, you know, cryptocurrency, digital assets or even finance, what is the IMF? Well, the IMF itself is an international organization, which already sounds kind of ominous. Headquartered in Washington, DC, consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade and promote high employment, and sustainable economic growth and reduce poverty around the world. So basically what the IMF does is it sets the economic policy for the global economy. So this is a pretty big organization, I would say. And what they actually are talking about or are pushing usually pulls a lot of weight. And what are they pushing right now? It's cryptocurrencies. So when I saw this, I was like, well, this is game over. And I'm going to show you why. So let's just scroll down. The IMF tweeted a video explaining what cryptocurrency is on Sunday that instantly went viral, referring to cryptocurrency as a special currency. The two-in-a-video attempts to outline its benefits, removing middlemen, lowering costs and increasing transaction speed. So I'm not going to get into the weeds of that. So let's just watch the video and I'll have you make the judgment. When we buy or sell things, the payment is usually processed by a bank or credit card company. Problem number one, the companies often take a cut of the transaction. Two, we have to trust these companies to protect our sensitive data from hackers. Three, most international payments take a long time and are expensive. To solve these problems, we could use a special currency that is secure and based on the science of cryptography, which is a way of protecting information using mathematics. This special type of currency is called a cryptocurrency and only exists in computer networks. When you send someone the special currency, the money goes directly to them, removing the middleman. And at the same time, the transactions broadcast to the entire network and record it in a permanent way, which means it's almost impossible to fool the system. Costs of making payments are lower. Transactions are faster, especially across countries. And even those people around the globe who don't have bank accounts can buy or sell goods and participate in the global economy. However, there are some risks. The transactions in most cryptocurrencies are anonymous. Some cryptocurrencies can even be untraceable. This can make it easier for the bad guys to make payments without being noticed. If you lose your password, you could lose all your money. At the moment, cryptocurrencies are highly volatile. They can't process large amounts of transactions quickly yet, and they're not even widely accepted. But if we can counter the risks, then this new technology or some variation of it can completely change the way we sell, buy, save, invest, and pay our bills. And who knows, this could be the next step in the evolution of money. Okay, pretty interesting stuff right there. But two things stood out to me. One, they kept talking about special currency, special currency, special currency. And I can tell you right now, the IMF are no slouches. They've probably done a ton of research, a ton of analytics, and they have found the exact phrase that will work to let the entire populace digest easily the type of information that they are throwing out. And this happens throughout all types of marketing, all types of corporations, even up to the highest levels of government. In government, they do all these polls, all this research to find out what is the best way to say certain things so that people will accept them easily. Case in point, years ago, we used to talk about nationalized medicine. Okay, we're going to have nationalized medicine. In America, we don't have nationalized medicine. It's all purchased through insurance companies for our healthcare. So we don't just pay into it. That is just how healthcare works in America. So they try to get nationalized medicine and they kept saying that and people hated it because they're like, we're Americans. We're not going to go to something like in Europe or Australia or wherever else. We are this certain way and this is all we want. However, what they did was they did a ton of research and analytics and they said, you know what? Instead of saying that, you know, senator whoever or congressman whoever, you're going to say Medicare for all. It's the exact same thing as far as a nationalized medicine plan or nationalized healthcare, but just say Medicare for all. And guess what? It went from 10% acceptance to over 60% acceptance when people started to talk about it. Amazing. The exact same thing. So what's happening here with the IMF, they're doing the exact same procedure and when you start hearing things about special currency, special currency, you're going to hear that term over the next one to three years and you're going to get sick of it. Second thing I found interesting was that they pretty much just laid it out and said, look, this is what we're going to actually push as far as cryptocurrency assets. And they are these three things and it is Bitcoin, Ethereum and XRP. Now, look, I don't know why they have these particular ones, but they put it in the commercial. They've alluded to it in different interviews throughout the internet. So these are the big three and Bitcoin, Ethereum, XRP. Sure. Great. I don't know what you are into, but I will tell you this, I've invested heavily into Bitcoin, heavily invested in Ethereum. XRP I used to invest in heavily. I do not anymore. I have my positions, but I got to tell you something. When the International Monetary Fund is putting out a commercial and they're telling you exactly the three that they're pushing, these are something that you might want to look into and maybe carry. Not financial advice, but I got to tell you IMF is in a lot of countries. It is global. It pushes the economic policy. So just something to think about. All right. That is it for that. Let's move on to question the day. And last up, for the question of the day, this comes to us from MassiveCrypto. And I see this disturbing trend about wallets and exchanges. So let's jump in the office. Hello everybody and welcome back to the office for another Q of the day. And this was one of those concerning questions that I got that I thought this would be a good one for to answer live or recorded. So this one comes to me from MassiveCrypto. I had subscribed to your YouTube and use your furlinks for opening up exchanges. Voya has been good, but sometimes their holds are a bit too long. So my real problem just started with crypto.com about two weeks ago. I was trying to buy crypto on their platform using my US dollars that I currently on their exchange. But every time I try to use it to buy coins, it keeps saying unexpected error occurred. I've sent more than 10 emails to their customer support, and they don't respond back to me. What are your recommendations I should do? Appreciate a quick response. I'm very worried. So here's a thing about all these different exchanges and whatnot. We had done a Q&A session with Stephen Erlich. He was the CEO of Voyager. We got on the channel to answer specific questions. And ever since then, I've been getting bombarded with like, hey, I'm using this exchange and that exchange and this wallet. And they don't get back to me. So could you reach out to them? Look, I can only do so much as far as these different exchanges and whatever else. When we have problems, I can always reach out to him and like ask him, you know, the questions and bring people on. But you got to work the system. And here the system is, looks like it's already been worked. You know, he's done 10 emails. So the question that I had for him was, you know, massive, which was, you know, when was your first email and when was your last email that you put out? If you sent them 10 emails in yesterday, then, you know, you got to give them time to respond and see what they do. But I will say this. I have seen an uptick of problems with all of the exchanges, every single exchange and every single wallet, because I get emails all day long about this wallet's not doing this and this exchange isn't doing this. And it's concerning, but I think what's happening is, is growing pains. And I'll tell you what I mean. As things start to really take off, we saw a massive blast off in 2017. Exchanges were just shutting down. They weren't letting people in. You couldn't do anything about it. People were selling their Binance accounts with nothing in it for like thousands of dollars just so people could have an account and actually start trading, which I thought was ridiculous and stupid, but what are you going to do? So when these things start to happen, you start to see like a little bit of a bull run, a little bit of an uptick, a little bit more of sales, and you see like massive things start, not even massive things, just like a little bit of a tidal wave coming in. You start to see these issues coming about. Now, this is the problem with being in this space. If it was easy, everybody would do it. And, you know, we talked about these other parts on today's episode. But when you have these issues, you're just going to have to work this system. Now, if it's something like, you know, you have like a specific question like, hey, can you reach out to them? I will reach out to them and I will say, hey, this is what's going on. But I will just say this, every single one has had an issue in some way, shape, or form. And like people know that I really like Voyager. So, you know, they always reach out to me when they have a Voyager problem. And I said the same thing, reach out to them, send them an email, give them 24 to 48 hours to respond. And usually these things get taken care of. I know there was one part where someone had stated in Twitter, said, hey, they have increased the transfer fees by like 6x. So, if you want to transfer any type of cryptocurrency from Voyager to your wallet, they bumped it up by 6x. And I was like, what? That doesn't make any sense. So, I actually transferred one Ethereum from Voyager to my ledger. And no, actually, it was from Voyager and I sent it to Gemini, because it was just super simple. And it was the same, you know, .001 or .01, I forgot. It equalized like $4. So, and that's, this was like last week when the fees for Ethereum was like $3 or something. It was ridiculous. So, all I can say is, you know, if you're having problems, try to do, try to do your due diligence and cannot get out there. Now, are all exchanges fantastic? No. I mean, I get emails about exchanges. I'm like, I don't know what the heck that is. Or wallets. I'm like, I have no idea what that is. And there, it seems like there is like a proliferation of that. So, all I can just recommend to you is just try to do the safe thing. If it sounds too good to be true, it usually is. And just kind of just sit back and go, is that a real deal? I mean, is that, you know, someplace in like Uzbekistan that they have an exchange that, you know, the interest rates are super low and they give you loans, whatever else you like? Maybe not. So, that's all I can say. If you're looking for alternatives, look in the description, there is the Coinbase alternatives spreadsheet. Just give that, give that a go. And then if you have something majorly happened where you've worked the system and you're like, I can't do this, then definitely reach out to me. I will reach out to the exchange and we'll just, or wallet or whatever else, and we'll just have a little dialogue with them and bring them on the show because usually that kind of helps. When you got somebody, when you have a channel where, you know, you get like 10, 20, 30,000 views, usually you see they seem to respond a little bit. So, that's all I'm saying. All right. So, that's it for today. Let's jump back. All right. So, that's it. Hope that helped out a little bit. But before we take off, I want to give you some random shout-outs. If you don't know, there's a join now button underneath and it doesn't give you anything special. It's just a buck 99 and you get access to me just doing random shout-outs. That's it. So, first up, Keith, Susan, thanks for signing up. Appreciate it. It's Lincoln Echo, Benast, Bun, Mark, DJ Hausa, David Mills, and Timothy Dillon. So, thanks so much for signing up. I really appreciate it. If you like those videos, it'll be too much. It's going to show up on your left and right. I don't know how that works because YouTube has control of that. And that's it for today. So, thanks for sticking with me. Really appreciate it. And I will see you on the-