 Great. Welcome to the last set news. My name is Rob and today we're going to talk a little bit about Don't be fooled because there's a lot of things going on in the markets And if we just look at skim the surface, it's a pretty bleak outlook But fortunately for you, we're going to take a look at a little bit of a deep dive into what is going on So first things first, we'll take a look at a little market recap talk about the fear Monthly returns and take a look at what the mysterious wallet number three is doing as far as bitcoin Then we'll take a look at how black rock ceo Larry fink and jp morgan ceo are pretty much just spouting out that markets bad But what are they actually doing behind the scenes? I'll also take a look at some goldman sacks data where insurers are warming up to bitcoin and crypto It's got to start somewhere But for every good story, there's also a little bit of a negative and this is uh, gemini is doing something They've never done as 10 of their workforce is now gone. And lastly, we'll take a look at a sweat coin Sweat coin step update and I'm getting crushed by all of you And uh, I don't know how that's happening because I thought for sure I'd be whipping everybody But didn't work out like that and the last one's a little q&a So let's just jump into it real quick time is precious and all that great stuff Let's take a little little market recap and see Exactly what's going on in the market today So uh, as we can see right here Bitcoin is up a little bit. So it's a great day. Everybody's happy bitcoin's up great Maybe this is the start of the next parabolic bull run. Who knows? Uh, I don't have a crystal ball, but I do appreciate these days and I will always say this to you from now on If you are up and you are up significantly or whatever you think is significant for you Don't forget To think about taking profits. Nobody ever went broke taking profits I just had to throw that out there because what is a green day? I don't know what's gonna happen in the future Ethereum's up bnb's up everybody's up cardano 7.3, but it hasn't done well It's been 14 percent in weeks. So I really can't say oh, it hasn't done too much. So it's doing pretty good 4.2 polka dots 5.2 doge coins Solana 2.4, which is pretty amazing. Solana had a an outage for like four hours and this has been debated Across a plethora of youtubers so I could just I don't care Uh, what's happening with with Solana? I mean in all honesty it concerns me that it's it's down so much I actually put post this out And someone said well it's because Solana has so many transactions on everybody's using it and then uh Front of the show ryan gourman said that's funny because I never heard of a bitcoin or theorem going down Just thought it was a funny little jab and that's what's going on the market. Also, we take a look at its, uh Little correlation right 1.84 percent for the s and p 500. We are up 1.8 for the crypto market and but 2.69 for the nasdaq composite. That's looking pretty good However, as we go up, we still have this thing called the fear ingredient mix and right now I think we're at a low of like eight, which was pretty much extreme fear of now. We're at a reasonable S your pants 13 out of 100 so not too bad And then to give you a purpose some perspective as far as like how we're doing this is uh ben cohen's Website into the cryptiverse. I have a link in the description. It's not affiliate link Uh, I love using this his uh his uh website, but this is the monthly returns and it's just interesting to note That as far as may went because we just got out of may it was Not the worst month that we could have had uh, which is pretty Pretty eye-opening considering what the market is doing So if this wasn't the worst month as far as may goes because we're in 2021 We had a negative 35 drawdown 2020 we're positive 2018 was negative 18. That was when crypto winter was around So if we're looking at this we're like that's not too bad. However As far as june goes to well, it's only been two days, but we're already down 5% or so there's also some I also want to show you which is this one the average daily returns And I found this interesting and why I looked at this one particularly is because there was a video we did A couple months ago actually it was streamed two months ago It was called sell bitcoin in may and go away or sell crypto in may and go away And we took a look at a lot of different stories and topics and data and coincidentally or non coincidentally All the different that that's saying is not just a saying it's been proven time and time and over again And not just in this country but 66 other countries and it took a wide swath of time frames Not just the present but all the way back to the 1600s 700s and uh And it was pretty interesting how yeah sell in may and go away and it's been Repeating again and again. Also, uh, this is a great book It's called this time is different and again They take a look at historical data eight centuries of financial folly And what I see is the same thing happening over and over and over again every time people say this time is different There are some tiny nuances. I can't deny that but it just seems like we're just It's like wash rinse repeat wash rinse repeat So if that's the case and we can get into the minutia and you can have fun with that But I think which was sit back Not really care too much about what's going on the market look at how things grow because the only time you can Grow is in a bear market because you get rid of the noise dollar cost average Make a couple million dollars or so and uh Wash rinse repeat. I think that's pretty much how it goes, but I could be wrong. I could be Just like a disaster type wrong. I hope not but here's where we at. So anyhow Bitcoin daily average returns Same type of thing here, right? You can see that the sell in may type of thing Not too bad actually because In here We sell in may And we've got some pretty bad days June actually is pretty good pretty good month So this could be one of those months however You can see in july a lot of red days And then august a lot of red days And then september a lot more red days and then there's this I forgot the term and someone can correct me in the comments But it's selling may go away and then come back It's something about halloween or something and you can see there's a little bit more green November is a pretty good month and the december looks Decidely half and half and then of course we repeat it all again Here in january and this is we're looking we're taking a look from 2010 to present and Ben's website tabulates all those and just gives you just like a rough estimate over the last 12 years or so as far as like what's going on as far as the daily so Again, when I take a look at this it just seems to me It's like the same thing over and over and over again And then lastly just to give people a little bits of a perspective Good old whale number three is still buying however. I will say well number three here And you can find this in bit info charts the links in the description actually And you can see that even whale number three I don't know if they sold because I can't say they sold but they transferred So take that as you will they may have transferred to something else or maybe they they transferred to the exchanges, I don't know but uh May 17th Couple weeks ago or so they got rid of 1500 bitcoin, which is kind of weird then all of a sudden may 17th They buy another 1200 then they do a test transaction 160 to 486 and so on and so forth So you can just kind of see and then of course on april 29th 1500 april 19th Looks like they were selling like twice of twice a month. Maybe they knew something we didn't So Don't be alarmed These guys or gal or group of people whoever it is They're still buying But of course they're selling a little bit to take those profits because nobody everyone broke taking profits to me You know, this looks like this looks like the classic dca Somebody just picking up bitcoin. They're planting those seeds They harvest when they say well, I bought bitcoin back yet. What is this? Who knows all the way down here and now I'm going to take some profits up here go right ahead It's just depends on what your personal goal is all so that wraps that up for that little section there Market recap and all that stuff. What do you think about that comments? Let's take a look what you're all here for uh larry fink so Larry fink is the ceo of black rock. I got nothing against gary or jp or jamey down. I don't there It's fine but just to put things in perspective this guy is the ceo of of Black rock and they are handling 10 trillion dollars Assets under management. That's a lot and i'm just going to play you Straight from the horse's mouth exactly what he's talking about as far as the market And then we'll go into what jp morgan said, which is not a big thing but again, it's all about what They're doing behind the scenes and what's going on. So don't be fooled. Let me blow this up There we are And let's take a listen Sort of a rocky road. Can we say it's so far this year as you look forward? Is there any real prospect it can recoup they can recoup in the second half of the year? Probably not not totally Um, let's start off the market has recalibrated itself We witnessed now a change in policy in the federal reserve. We raised short rates. We have so we saw a recalibration of growth stocks That's principally the majority of the downfall And yet the index are masking some of the problems because part of the index are energy companies commodity companies that are up quite a bit So if you look at the you know, the volatility in the market and the spread between winners and losers It's pretty broad this year And so we take that a lot of the gain that we saw during the covid years During the two years where we were You know changing our lives and we were emphasizing different companies and now we're seeing a reverse impact on that So that was one of the foundations of it. But now we have a greater recognition that inflation Is is not transitory It is probably with us for a number of years And it's the type of inflation that I don't believe the federal reserve has Policy or the tools to do much with it right now And I'm personally not blaming the federal reserve for where they where we are right now But I believe most of the problems we're living with today are more policy generated and supply generated To demand right now in our economy Put them to the demand that we saw pre covid and so we're witnessing all these supply shocks And that's creating these attended price increases And so it's more supply driven. It's been aggravated now obviously by covid and Lockdowns in different parts of the world where we are manufacturing goods. It is being further aggravated by the ukraine Russian war where we have supply shocks But I have this fundamental view that much of the inflation has been generated by some very large Policy shifts in the united states Oh man So there's larry for you and and um that is Straight from the horse's mouth and you have to understand that of course I have to agree with him. I think that uh, the the issue that I talked about the supply chain issues The war going on right now in ukraine the uncertainty that is going on Can the fed actually The policy that they're putting forth can they actually control Inflation well, they can I think they can control inflation in the housing market pretty well I'm not so sure they can control inflation for consumer goods and things like that that are affected by the supply chain issues And if that's the case and they can't and what exactly could happen Well, they're going to try to just say well Let's just raise these rates and see if we can get out of it And then it doesn't happen and then before you know it There's more inflation and then it goes up a little bit because we can't control it Hopefully it goes down. What does that do the markets? Well, people started to talk about the inflation. They go. Well, nothing's really going great These cost of goods and services. It's just ridiculous. We can't get the supply chain issues going on hopefully we can because uh, shanghai just released that lockdown but There is one fundamental fact And I think this is something to to Make mention of and that is larry knows it and I think you know it because I know it and if I know it You know it we've always talked about this millionaires are made in these bear markets Multi-millionaires become billionaires In these bear markets and they know that's exactly what's going on and actually this leads me to jayme diamond and uh, I'm not even gonna show I'm not even gonna play his his uh His comment all he said was there's a hurricane coming For the economy. It's right down the street. It's coming. It's barreling down in us faster than ever before And he also believes that we're going for a lot of different problems, but there was this great comments. Let me blow this up About what's going on behind the scenes. This was from luke at the tool me nailed it and he says uh, check this out Barclays corporate investment bank percent of investors plan to increase or decrease asset allocation in 2022 It's amazing to me that Liquid longs down down down equity hedge funds They want to get into and actually Increase their asset allocations. You look at longs 49 Our infra private credit 22 and the fis and then as far as crypto they want to increase by 14 percent now Will they actually do this? It's up to it's up to time to decide but I can tell you right now We all know the same history lessons, which is this is when millionaires are made when everything goes down This is exactly what happened with me in 2018 But the question is how low will it go? And that's why I don't have a concrete answer of well bitcoin's gonna go to 22,000 That's just a guess Or bitcoin go to 25k. Nobody really knows we can all guess and and hypothesize And that's why I just put my money in And just wait for the time being and that's really all it is So for all the bad news we just took a look at as far as the economy I know not very great. Let's take a look at two a little bit better news Goldman Sachs data as they come out and they say hey insurers are warming up. This is a Report just today insurers are slowly warming to crypto according to Goldman Sachs recent report by wall street giant Goldman Sachs states this Goldman Sachs polled 328 chief investment officers cio's and chief financial officer cfo's Including crypto currents related questions for the first time the participants represent more than 13 trillion, which is more than black rock In global balance sheet assets around half of the globe insurance industry One of the key findings was that insurers now see rising inflation as one of the most significant threats their portfolios geographically American insurers are slightly more interested interested with 11 percent currently invested or considering crypto Compared to asian insurers and just one percent of those in europe So I know like people say well, that's not that much 11 percent, but you have to understand When I was around no one was talking about this and we didn't didn't have any of this as far as uh Big institutions and especially insurers so if we got 10 11 percent I'll take that because that's just the first well second third domino Institutional interest is increasing So make of it just a significant difference between this bear market cycle and the other ones because there was none That's very true Major corporations such as tesla micro strategy and square bought and held on to bitcoin despite some of them being underwater on those holdings Which I think is a is something to take notice. I mean these guys They will sell off their stock. They'll buy back their stock do all these things But with bitcoin they just hold on their balance sheet especially the micro strategy This suggests conviction. I would say so Now insurers rank crypto assets as the fifth asset class expected to deliver the highest returns over the next 12 months Let me say that one more time Insurers rank crypto assets as the fifth asset class expected to deliver the highest returns Over the next 12 months. They think private equity commodities and real estate are going to be beat them I'm going to tell you right now When those numbers come in and they go holy smokes Uh, that didn't really work out like we thought it was then all of a sudden that 10 or 11 percent Maybe jumps to 15 percent maybe 20 percent again It's just it's like football. It's a game of inches and as time goes on I think these guys will understand exactly where we're from. So there's some good news and uh, we like good news, right? Well, not on this channel Because we like to give you both sides. Here's some bad news and this part really sucks I know because I've gone through this This was a blog post From gemini gemini.com Link in the description. You can check it out Message from Cameron and Tyler And I didn't know that they were around since 2014, but sure gemini was around since fall of 2014. That's pretty interesting And I've never done this Uh, what they state here is that after much thought and consideration We have made the difficult but necessary decision to part ways with approximately 10 of our workforce That's a lot. It's a lot of a layoff and they pretty much just said is because we're in a very bare market They state impacted astronauts. That's what they call their employees We'll receive a calendar invite today for an individual conversation to provide information On the separation package and health care benefits. We're providing we've closed all of our physical offices today So that these conversations will be held remotely to protect the privacy of each impacted individual Our highest priority throughout will be to treat everyone affected with compassion respect. Sure, you know, it's not their fault It's just a junk market And here's the thing. Let me say like this I can feel these people because I went through that myself. I worked for this was a wound Wound care company. I did a lot of education for doctors and nurses and called kci Worked there for uh, gosh seven years or so. Then one day my manager calls you up and says, hey, uh, what are you doing right now? Uh, nothing not to go to a call. Let me let me talk to glenda from hr. Okay Glenda comes on Rob, just let you know There's a separation package and you need to sign some paperwork because we're letting you go. I'm like, geez that's pretty fast And it happens and I will tell you, um, it's all dependent What's it all depends on what you do with it me personally I took a severance package and I and I stuck it in my sports complex because I was like, well I'm not gonna let this money go to waste so I put it into assets and worked out. Okay but, um, these are rocky times and expect more turbulence and and the real thing is You know, what are you gonna do when all these things come down? Can you adapt? Can you overcome? Can you make it? It's It's not an easy process, but it's something that we have to remember So when I talk in the beginning and I say don't feel to take profits nobody everyone broke taking profits I'm trying to protect everybody as best I can. Yes You'll probably miss out on some massive huge gains or going to the moon and something But I'd rather be a little bit more safe and a little bit more wild And that's why I do the reminder because if uh, if someone reminded me I wouldn't have been so much in the underwater for such a long time And yeah, let me just think about that in the comment section And let's finish up with a little sweat coin update and to do that I need to share my screen on my phone which uh So first of all I will just tell everybody I am quite surprised at the exuberance for the amount of people who are Kicking the crap out of me Uh, let's see. So this is the sweat coin app And as you know, I like it very much. It's very easy. It's free to download all that great stuff No, they don't pay me anything because these are all just rewards. It's nothing for you They don't change over to crypto Until q3 of 2022 and it's coming fast So right now, uh, all those sweat coins that I've got those will be transferred over into sweat tokens Unless you're in the United States, then you get then you'll probably have to wait a lot longer because they're not going to do it for the American citizens right now Thanks Gary And uh, but here's the here's the summary. Shout out to Michael Patterson Angelos Angelos Lucas nailed it Rishi got a cupola nailed it too They have been crushing me today. I have a paltry 8500 steps So if you want so here's the thing if you want to try to beat me I I'll I'm pretty sure I will catch up with everybody and beat everybody. I'm fairly certain Uh, if you want to do that, there is a link in the description. Let me show it to you Show it on share Blah Ah, it's paula vella. Oh, this wasn't it Okay, there we go. I should really pull these up faster. Uh, there's a link in the description Uh, and it looks just like this a little running guy right here And you can download that and of course if you beat me Uh for the steps of the month, uh, you get one of three things either you can come on the show That'll be fun, huh? Come on digital asset news talk with me or I'll do a portfolio review or all Sinji 50 sweat coins. So that's it. You just do that the To follow me. It's robby d news. It's uh on the app and then that's it So look, uh, that is all she wrote and the reason and I will tell you this though I will show you this guy, uh, the reason why I think everybody should be walking. That's uh, Paul paula vella, right? Yeah, paula vella and he's a Super coach to like fitness athletes and uh, the kini contest Whatever whatever and uh, he just talks about how To walk to lose fat. I know this is a crypto channel I get it, but it is pretty interesting what he talks about. So if you're looking for like Some guidance a little bit there, uh walking is a pretty good exercise You don't have to run and uh, you know Destroy cartilage and knees and stuff like that. You know, I hate running personally. So that's what I do Anyhow, that's it for today So look, uh, time is precious if you gotta take off. Adios. I understand But if you want to stick around, we're gonna do a little q&a I'll answer all your burning questions to the best of my abilities and we will go from there. So Thanks so much for stopping by like and subscribe all the great stuff and I'll see you on the next one. So