 Welcome to digital asset news to get top stories in crypto and bring out a bite-sized pieces today Just as the thumbnail suggests Bitcoin is on a surge, but there's some things we really need to take a look at as far as what to be careful for So we're gonna do a quick market recap We're gonna take a look at four reasons why this could happen and is an ETF that bad Also, we're gonna flip the script a little bit We're gonna talk about the future and we're talking about why NFTs and why they're so popular We're gonna talk about how to NFT and how to evaluate these things and everything in between Before we get into that, let's take a look at the market cap recap real quick Now I know that's lately we've been doing this a little bit more in-depth I want to try to condense this so we can shorten up the videos. You're busy. I'm busy. So let's just make this Work as best as possible. So first things first Market cap 2.3 trillion. We're up 1% that's not too bad. Bitcoin price is going Bananas, I mean, it's almost I think almost hit 58,000 now we're 57,360 But there's some things we really should be careful for we're using trade this in trade the chain for sentiment analysis They play sentiments for me pretty good for what's gone up You know a good gosh two thousand and like no time almost three thousand like no time at all So I mean we can keep this up not too bad now The question is though did all this market cap flow into all so we'll take a look at the coins themselves And in all honesty in the last 24 hours, no not really everything's gone into Bitcoin in the seven days Bitcoin has gone up 16 percent Ethereum in a week going on three tether. No, he cares XRP 8% poke it out 9% up for the week But for the last 24 hours not too much that anything at all really it's all pretty much been the king crypto Except for phantom may pretty good, but that's exactly what's going on. So The real question is is why why is this going on? Why is it happening right now? So let's just take a look at just a little piece of data and I can just tell you right now Here's the the Bitcoin the two hour and I'm not a big TA person But it is interesting to take a look at as far as like the RSI and then where things are going so we can see that This I guess this morning. It's in the 12 we could see that it was a pretty big enormous candle after everything Let me blow this up so you can see it So as we came around here and look at this wick 55 Almost 55 8 right around here and then all of a sudden just in a matter of no time Again two hours. We went from 56 all the way up to 57 5. That's a pretty good price action In just two hours and you can make 2000 bucks And of course right after that We're in a green candle and see how we're just teetering on this RSI meaning that we're overbought But it just kind of came out a little bit because of this a little pullback And now here we are at this I guess it might be a doji or correct me in the comment section But it looks like there's a little indecision right now But it seems that's a little bit of the momentum is fading and after something like that I can see exactly why so That's what we have as far as that But if we take a look at somebody like plan B who you know, where are we going and this guy's been pretty right? For quite some time. I mean with his stock to flow. It's a little off I mean he says right now the stock to flow should be a hundred K But based on his analysis, he's saying that this he's like look Bitcoin's below 34. This was actually on June Triggered by Elon Musk energy FUD. There's more fundamental reasons that we can see weakness in June and possibly July My worst case scenario for 2021 of this August 47 K and he hit that He actually hit that number worked out pretty well September. He says September is gonna be a mad bad month I think everybody knew that or everybody thought that I've been talking about it forever And yeah, it was 43 K and then just like we talked about I've always said Q4 is gonna be fireworks and we see it right now We see a little bit of a run and he's saying hey October is 63 K November is 98 K and December is 135 K again. This is not the stock to flow. He's made this very clear This is just on his analysis just his TA And what the data shows so I'm like great. I can definitely see that again There's a little bit of things to be afraid of so We take a look at that Also, if we take a look at the past past and we just did this about a week and a half ago or so it's been just like this and I like to look at the past to see where we're going and in 2016 It almost mirrors 2021 again We had a dip or a pullback in May pretty pretty severe for the time. It looks kind of ridiculous now I even know how small it is and then we had a pullback or dip in July Dip is a temper then one pair of bollock. So that was major last September pullbacks or dips What happened in 2021 same thing Dip in May July September and then what happened? Well parabolic and I think that's kind of where we're going right now Again, is everything gonna go up forever? No, but in the long run, I think we're doing okay But the big thing then is okay. Well with all these things going on. What's the reason for all this happening? well, it's a good question and This was an article this was from JP Morgan and their their brainiacs over there said, you know This is why we think things are going on and really I'll just sum it up like this There was really just three reasons that they talked about the first one was everything that has to do with Clarity and then we had drone Powell and we had Gary Gensler come on say hey We're not gonna ban it. So that was one that was huge. I think to push the narrative The second reason was lightning now working in all Salvador things are really picking up over there And the third reason is Inflation and we see it coming all around even drone Powell says hey, we thought it was a transitory Guess not so we have more of that so people want a hedge and they're not getting into gold We talked about this they're putting into gold 2.0, which is Bitcoin and the fourth reason comes down to this little thing called an ETF and The ETF sounds great In theory, but there's some caveats. I think everybody needs to be aware of so first of all I've been hearing this this song of dance forever about a Bitcoin ETF coming on and never has but now it seems like That might actually come to pass because of all the regulation all the things that are coming about again I think the SEC and the central bankers. I don't really care so much about crypto so much as CVD season stablecoin so Here's the story and I want you to keep an open mind about what could potentially happen And really we're gonna talk about the short term in the long term So this was a good article talks about this was from Pantera CEO, which is Dan Moorhead. He says the day before a US Bitcoin ETF launches I'm gonna take some ships off the table. That's essentially what he's saying So what he's talking about here is why would a Bitcoin ETF be so dangerous and he just says look he goes We heard this song and dance in 2017. I was around at this time I heard that that a Bitcoin futures was gonna launch by the by the CME and everybody's super excited like this Can be awesome because now institutional money is here. They're gonna prop it up. Well, guess what happened the launch day It was December 17 2017 and that essentially was the top and this was actually a quote From Moorhead and he says all during 2017 the markets were rallying rallying with the mantra When the CME lists Bitcoin future or go on the moon the markets did rally 2000 plus percent until the very day the futures was listed and then we saw Bitcoin winter, right? And then on top of that we also took a look at some of the big news Which was a Coinbase had their direct listing it became a public company and that was on April 14th And what happened on April 14th? Well before that we went all the way up from below 20,000 all the way run up to 65,000 it was pretty great pretty great time and the Bitcoin price was you know 64 863 and guess what happened as soon as Coinbase launch Well, during that time that was April 14th if we take a look here. Let's see. Let's go back Service going good. Good. Good. This looks like the peep the peep April 12 13th 14th And then all of a sudden boom down it goes and up a little bit and then down down down And we saw this huge pullback and again, it was all about this great news We're finally getting adoption. Everything is great. So now here comes along this Bitcoin ETF Which people do believe it's actually gonna happen. It's gonna happen potentially at the end of this month or the next month We will see But they're like look if this happens again this could be the start of the negative and Even Andreas Ansonopoulos one of the Bitcoin. Oh geez the guy's been here for a very long time says Hey, I'm totally against it, but his reasoning isn't about price He was his is about the ecosystem and how it will damage But to finish this all up and we'll get into why it's actually good and then Speculators believe a US based ETF would allow investors from the country to invest and real Bitcoin would be obtained by these funds Making the currency even more scarce because with this ETF as opposed to a futures like CME futures This is going to be a potential ETF futures as well, but you have to have Physical Bitcoin has to be purchased by somebody some institutions have to purchase They have to hold it the ETF you can get into that You don't have to hold it and institutional investors can potentially like, you know Big money players can get in but Somebody has to hold Bitcoin and that means if somebody's holding Bitcoin That means that no one no one can actually sell it because they have to hold it So that's actually a good thing. But remember this golden silver ETFs were not helpful to precious metal markets and actually suppress the price of gold and silver because of Manipulation so this past March three North American Bitcoin ETFs were approved by Canada securities regulators and everything was pretty good I mean, we've had some pretty good and I was in March and we saw a pretty good bump until April funny timing though, isn't it? so The thing is about this is a lot to unpack here But when you take a look at all the pros and cons everything else. Yes, there's good They're gonna have to hold Bitcoin They're gonna have to actually have in their possession and people are gonna be able to buy it up. Can this market be manipulated? absolutely look that the market cap of Traditional equities stocks is over a hundred trillion. So how easy would it be to manipulate this market down and around everything else? Because we're only at 3 2.4 trillion. It's extremely easy. It is extremely easy. So am I worried about this a little bit? But only in the short term because in the long term, it's not gonna matter It's not gonna matter whatsoever, but there is some caveats and that's what I want to talk to you about right now So with this one, just remember that back in 2017 ICO days Institutions weren't here and we're just goofing around. They just pretty much laughed at us and now no one's laughing now Now it's a little bit more serious and this is the Bitcoin world Holdings and you can see all the different companies micro strategy being one of the big ones like blow this up so you can see it Tesla Galaxy digital Voyager square Marathon Coinbase and from all these people and they got they own a lot a lot of Bitcoin It's only 1.083% and then you've got countries and governments known Bitcoin Bulgaria says it owns 1% I don't really believe that this was an article Bulgarian government actually owns three billion. This was in 2017. They seized it for some kind of a legal manufacturer or somebody And they probably I don't know if they still have it still they probably sold it off But if they do own it, hey, that's 1% that's tied up great Don't know if they'll all the boo-no's Ukraine El Salvador with all the talk about that is only point zero zero three the Georgia government, you know One point two four percent. Okay, maybe and then you got private companies like block one tasos stone ridge I was one another almost percent and then ETFs of course grayscale the coin shares The three IQ the ones we talked about from the Canada. That's almost four percent So you add that up four three four five six that's six percent. I mean give or take a percentage somewhere around there So that is pretty good. So again This is a lot different than it was back in 2017 again. They have to hold physical Bitcoin Yes, they can still manipulate it and things can go a little bit wonky So the question is do you want to be one of those people that just trades and bounces around and does whatever are you just say? You know what I Know what I got? I think I'm gonna hold on to my crypto assets because if they're gonna they're gonna do these things How long can they possibly do it now? It could go pretty long could not but I don't see that actually happening Especially in this time frame. So for me Not investment opinion or not investment advice is the best opinion I'm going to hold on for quite some time because I just don't see if there is manipulation I could worry about it or I could just hold and sit back and just pick my spots and have my little exit strategy or do Loans or do staking or do DeFi or do whatever else I want to do to create those funds And it's all up to it's all up to you and what you want to do is what's best So that's what we have for that article. Let me just think about that in the comment section Let's go on to our next piece where we talk about Why NFTs and this was a it's a pretty good article But let me backtrack real quick The reason why the transition to this is first of all I send this tweet out a couple days ago, and I said at this point does anybody not believe that Bitcoin is going to be around a hundred K by the end of the year I mean I mean further than that we've seen we've got regulatory clarity people are getting out of gold everything We just talked about right there and then an ETF coming about which again, they got to hold it So they might manipulate a little bit But I think they what they really want to do is they're gonna manipulate They want to manipulate a little bit so they're so their clients can get into it But they've already done that that that Wyckoff model has already been it's already coming out of it So if we see like that they've already done the manipulation They probably want to get in as low as they can then they'll just blast off and that'll that's what it'll be Hopefully so the question then is if that's what's happening. What about Some other things that might be much better returns and that leads me to this point Which was this was an article about Allen giant creative artist agency Thanks deal with whale zero xv1 and the question is well, who cares who cares about this It's gonna make a lot of sense in a bit. So Zero xv1 partners with creative artist agency to bolster advisory partnership. First of all, who is creative artist agency? Well, that is these guys Creators are creative artist agency or CAA American talent and sports agency based in Los Angeles. Who cares? This is why we care Creative artists agency entertainment sports agency and as of 2007 right now 2021 it had a client's list that included near monopoly of a list actors writers and directors You got everything from Dave Bautista Jessica Chastain George Clooney Blow the college clink close Tom Cruise everybody you want to think of and that's just the a list Hollywood actors Not just the sports. Oh, here's music Barry Gibb, okay Oh, Barry Gibb Green Day little Wayne Ludacris cheese and then everything else that you want to think about So when we talk about like they need to deal with this guy Or this entity or this person this lady whoever it is. Why? Well, this is why on Friday CAA told the Holly reporter that it's an deal with the OXB and it aims to help monetize their collection of NFTs Through licensing and brand partnerships. You see this guy right here with this person They bought a ton of super expensive NFTs. They probably weren't that expensive back then and He's been holding on to me. Just you know has a nice little Twitter account just talks about this I got this this this this and What CAA did is they reach out to me go? Hey, what we're gonna do is we want to we want to license that intellectual property In regard to all the NFTs you have so isn't that interesting? So all these goofy all these goofy Pictures that we make fun of and we don't really understand. I mean some of us do I'm trying to I'm sorry to round my head around it All those things that we have those can now be licensed So when people take a look at and they say well, what is the utility here for an NFT? Well, if you want to use that if you want to use that in a movie if you want to use that in a series If I want to use that in on a newspaper print or whatever else it is or on the internet You got to pay somebody something and that's intellectual property and with the CIA here since they have they are big into that arena They say hey, we want to use one of these NFTs will pay you X amount Sure, and for the time that you can do it he can use it forever I mean really and he can pass it on to his kids really wanted to and then also you know It's great about that is that every different property of the NFT that he bought? It is legible on the blockchain and they can prove that this person bought it and they can't really take it away Unless of course he sells it which I think would be a bad idea So if we take a look utility, that's a pretty big utility for all those goofy little pictures that we have out there that were like what the heck and and actually This is from crypto stash, and he's one of the eight or nine people I recommend in my in my comment section or my Description it's like it's it's him and coin bureau and digital Dave and Alex and all those guys This is the thing about stash, and he says it and it's pretty pretty smart He goes if you think NFTs are a fad, which I did Wait till they hit mainstream gaming the concept of owning your skins guns characters instead of renting them from the game makers Every gamers dream, and then somebody writes in they go hey stage He says that hey stash is a bot He posts the same tweets every few weeks because he can't come with anything original, and I said you know what? My my response was this it was it's a good thing He has a bot or someone else that tweets out because people like me They need to see this because they didn't see the first one or the fifth one or the 20th one or whatever else it is So that makes sense to me. So yeah, so we have that little piece right there It makes a lot of sense and then I said this I'm go I said hey this was yesterday I said I'm gonna feature NFT products on my channel Coming up, but here's the criteria because I feel like just like we can evaluate cryptocurrency's digital assets We can take a look at you know who's the team behind it? What is the utility? What is the community like you know all that all the good stuff with the tokenomics? What does it do we can take some of that and we can start to evaluate? Non-fungible tokens or NFTs and say okay. Well, this is my criteria I felt like this is a very good start first of all I said just name out your NFT project that has utility additional mensing launchpad rewards gamification Talk to me about the community if they have a thousand or more That's that's the minimum that they have to have on discord if they have more than 10k That's good and more than 25k 25,000 people. That's great The community drives everything because it gets people talking and they branch out more people buy more people get into it Makes sense and also I said the last criteria is this the floor price has got to be less than 0.2 ETH or is about to launch soon because I mean in reality We could let me bring this up We could we could go to open C and we could say like the very top one the floor price is Geez seven ETH for this one right and it hasn't really even I don't think it's really launched that much or it's just about to begin Crypto toad 7.3 the humanoids, which I probably will buy it's zero point seven That's the base floor price and then seven one point two zero point two eight for the official serials Okay, so we can do all those things but and maybe like like the doge pound and cyber conglomerate things Maybe that's gonna be worth. I don't know a hundred ETH in the future I have no idea but the goal is is to get in on the ground floor I think the best thing to do is try to look at a little bit back and See which ones are launching and zero point two ETH. I I think for a lot of people won't break them So I kind of look at it like this when I'm thinking about Investing into NFTs. This is how I see for me. I'm not saying for you But I feel like I've got my holding portfolio and that's like 90 94% some around there. I'm not gonna touch it. I'm just gonna buy and hold and I'm gonna do like I talked about I'm gonna have my exit strategy go from there. What else I'm gonna trade a little bit Maybe two or three percent maybe four percent and then the gambling which could be NFTs could be like one or two percent, right? And in this situation, I'm not breaking the bank by going, you know what hundred percent NFTs I'm gonna go all in on You know tomato blasters or whatever something stupid and and you lose all your money that makes no sense, right? That's why I call it gambling because on this one NFTs There's a lot of products out there, but I can see where things could go pretty well. So That's where I see things going and again also my NFTs This is all Ethereum based on open C and of course, I mean you can do some things and and you know Minted through through Matic and stuff like that. It's not as expensive, but it's still pretty damn expensive I bought an NFT yesterday and it was about about a hundred bucks. Okay, and To mint it was like 90 bucks and I'm just telling you I'm like Geez, I mean, it's almost the same thing. So I mean if I'm gonna buy a cyber Kong's right for 10 ETH, I don't really care about a hundred dollar gas fee, right? But I'm not I'm just a normal person. So I don't have that much Just to kind of gamble on that so when I take a look at is well, what's the next thing? So I could take a look at I'm not mechaverse Not cyber Kong's look at something like this like this is Solon art as so just Solana It's where you can it's Solon art.io. I'll link in the description and you can find a lot of good Projects that are being launched on Solana. Look at this global market cap 7-day volume some of these let's see Solana is about 150 right now So you're looking at that's still pretty pricey for some of these well 20 and you're looking at that's like three grand So and so forth. So yeah, that's that's not that's pretty high on some of these things But you can always look around again. What's the utility and so on so forth? But and then to mint these it's I mean, it's not that not that expensive. Also. I just bought a An NFT on Cardano and as opposed to open see where I'm gonna spend 90 bucks per every single NFT On this one. It was a fraction of a Cardano. So on these things. I mean, I can understand where Things are going. I don't know what's gonna happen in the future as far as NFTs But I can just tell you like this if I'm looking to get into something I want to get into something at the very base lower Floor and then kind of build up from there if I screw up and I just say that one didn't work out I thought I did my homework and utility was there and community was there and it was less than that But it just didn't work out didn't work out. But if I spread things around my workout again This is just my gambling portfolio. That's that's what it is. So look, I know that was a lot But I'm excited about Where the space is headed and I can kind of I can definitely see now how NFTs Most of them also some actually have utility just for the story that we saw about Copyright intellectual property you can mint on these things you can have a launch pad You can gamification all that good stuff and that's all out there And I think this is if you want to really give it a name. It's ICO 2.0 That's really what it is that risky, but that's it. So look if you stuck me all the way in thanks I really appreciate it. If you like today's show give it a thumbs up. That'd be great I'll consider subscribing a lot of things to talk about are very time-sensitive and that's all for today So thanks so much. I appreciate it. See you in the next one