 Welcome to the Jalassette News to get top stories in crypto and bring about bite-sized pieces today I just want to do real quick just the little things that are going on in the market first up We're gonna talk about Kathy Wood why she says we are not in a bubble. So if you're worried about missing out Don't worry about it. You haven't missed anything. I also want to take a look at the the Fed reserve as they come out and say that surprise Bitcoin isn't the greatest thing out of all time and also lastly Which is what the whole thumbnail was based around I want to talk about to you about six different steps that she hand Chandrasekhar shared with us There's the certified CPA on ways to keep your wealth or to keep those gains in your crypto So we'll take a look at all those things but first let's take a look what's going on into the market And I can't really put anywhere different. It's awesome. It's it's a pretty great day I mean, this is the day that we've all you know, I've been waiting for we dollar cost average We bought the dips. We did the hard stuff when it wasn't easy and this is our rewards So, yeah, it's great mark caps 2.08 trillion somewhere around 2.1. So that's good Bitcoin almost hit 50,000 But you know just hits that ceiling of around 49 549 7 and gets rejected But who knows maybe we'll hit 50,000 at the end of the weekend and then here's the hottest on twitter Actually, let me blow this up so you can see what I see Bifi avalanche Adam ocean those are the ones that are the hottest on twitter as far as sentiment analysis and avalanche Just so you know we did a we did a deep dive in that a couple of days ago And actually I have been working on this this video for about six weeks. So check that out over at Dan clips I'll link at the very end or you can just go to Dan teaches crypto Very simple website the one that's spinning them on my head constantly It's 100 free just go over to on the very top where it says You got blog and contact and staking just click on avac staking And you can watch those videos about how to stake with the news also the whole thing about how everything works as far as with Avalanche and why I think it's going to do really well. So that's what's going on Let's just jump into today's top story. Well, not the really top top story talk about cathi wood and I I wanted to talk to you about this one because As things go up people get a little bit scared like wow, this is too fast too quick and that's true But I want you just to remember just how early we all are and it's not going to go in a straight line We're going to have some peaks and valleys and that's just the normal way to do things again. Just What I do is stick with the basics. I can't tell you what to do But this is just investment Opinion out of investment advice. But what I do is I just sit back I pick my spots. I dollar cross average and I buy the dips and that's Pretty much it. It's not rocket science, but Um, cathi wood here. Uh, she is the CEO of arc investment. Uh, she didn't hit pretty hard lately because of michael burry from that The short film Were he shorted the whole market for the the eventual collapse of the housing market the big short And uh, he is shorting right now cathi wood. I think michael burry knew a ton about what was going on in the residential markets and For housings and things like that, but i'm not sure he really knows exactly what's going on in the tech industry But he has a massive bet Against cathi wood and cathi in this next minute is going to explain to you why she thinks he is wrong So let's just take a listen real quick For our strategies, uh, I don't think we're in a bubble, which is what I think many bears think we are Um in a bubble and I remember the late 90s Uh, you know, our strategy would have been cheered on Go go get him You know and you remember the leapfrogging of analysts Making estimates one higher than the other price targets one higher than the other We have nothing like that right now. In fact, you see a lot of uh ipos or specs coming out and falling to earth We couldn't be further away from a bubble and the reason for that Is the innovation around which we have centered our research Uh, the the these five platforms dna sequencing robotics energy storage artificial intelligence and blockchain technology Are barely off the ground the seeds for all of these platforms were planted in the 20 years that ended in the tech and telecom bust And yeah, it's true. So if you think like, uh, man, I missed the boat on this one Look in 2017 everybody thought they missed the boat on bitcoin When it went above 5000 and everybody thought they missed the boat on ethereum When it went above 250 and everybody thought they missed the boat on cardano when it rocketed up past four cents So if you think that you miss anything you haven't, uh, just take a look at what you think is the best option for you And uh go from there. So again, I don't think we're in a bubble. Uh, I don't think we're gonna go straight up But I think uh, the the best times are yet ahead. So let me know what you think about that comment section Let's move on to our next piece, which is always interesting Federal reserve bank president bitcoin has no legit use Uh, what's this guy say? So, uh, this is minneapolis federal reserve president neil kashkari smart guy Just says goofy things and he says uh, and I quote I was more optimistic about crypto or bitcoin about five or six years ago so far What I've seen is 99 let me be charitable charitable 95 fraud hype noise and confusion so, uh, I'm just gonna Answer him, uh, with the picture Which is mohammed ghani And first they ignore you then they laugh at you then they fight you and you win and it's not like This guy's job is in jeopardy This guy makes ton of money, right? But for all the different banking sectors that he serves and then and the banks that are are out there This is a big problem And now I really do get why china kicked out all the bitcoin miners because they don't want to compete with that I just want the digital you want they want to control everything and I got to tell you I got to tell you I think if uh, the federal reserve had their had their way They would have kicked the bitcoin miners and they would have banned all the cryptocurrency And they could have just got the digital dollar on the underway and bing bang boom that is it But you don't have that and right now you've got a lot of institutions You got a lot of big players in the game and heck you've even got banks Stepping up and going you know what jp morgan wilis fargo Let's offer bitcoin funds to our wealthy clients Also, you got those those little guys named black rock with nine trillion assets under management Investing into bitcoin mining operations such as riot and mara So if we think about it Um, maybe the guy maybe the people that uh, this guy knows are all the fraudsters And are the ones that are really into the illicit activity. Let me know what you think about that in the comment section Let's move on to our last piece Six steps to retaining wealth and I have to tell you That's from my friend she and a smart guy. I've got his own business You know certified cpa and I just thought it was a real good thing to talk about right now Because as everything blows up and you become a billionaire, whatever or just a just a little millionaire. Whatever you become, right? Um, you have to keep in mind that it's not how much you make It's how much you keep so these are the things that I try to look forward to I don't try to just look at the day-to-day operations But what's going to happen the next year five years and 20 years down the road So this is just something to consider and just keep this in the back of your head as uh, all those crypto gains really Get crazy. So Step one, you know the tax rules because I don't know where you're at. I don't know where you're at I don't know if in the u or usa canada South america, but everybody's got taxes, right? But just they're all a little different sometimes majorly different in different regions But just remember this know the tax rules. It's a pretty important And then uh tax 101 income is taxed the time of receipt Wealth is not taxed at the time of receipt. It gets taxed only when you sell so step two Own significantly appreciating assets such as a little bit coin or maybe a little ethereum not telling you what to do i'm just saying those uh statistically Especially bitcoin have been the highest returning asset class uh over the last decade just saying sorry gold bugs And then uh, he gives you examples stocks in the company and so on so forth step three if you got a business Get paid a small amount of salary from your company. Don't you know get paid a bunch? I've got my llc I'm the ceo of a couple different ones and uh, I get paid very little and that's just how it works because I want the uh Most taxes to go to the corporate taxes, which are very low, especially here in texas step four borrow money against appreciated assets Barrowing is not a taxable event. Let me say that one more time. It's very important borrowing is not a taxable event Cash proceeds can be used to live a good life and make other investments that make you wealthier in some cases loan interest expenses Can be taxed right off as well. I will get that in a second. I'm going to expand on that one Step five die. Don't worry. You don't have to do anything there. Just at some point We're all gonna die. Let's we're no one's gonna be immortal. No, there are no highlanders out there that I know of At death your heirs get the appreciated assets you left with a stepped up basis basis example You paid a million for a piece of land at the time of death. It's worth a hundred million Your hair is gitted at a hundred million cost basis and don't have to pay capital gain taxes on 99 million and there's some there's a little more intricacies of that and uh, Have you reached out to sheen for that one? and then step six airs to repeat the same steps and compound the wealth in the last generation and that's why the rich get richer uh because of they just pass things down over and over again they don't sell anything and In my own opinion, this is what I have done personally. We all know that I took out a loan with celsius and um, I didn't sell my my crypto. I put it up as collateral. They gave me cash. I bought the uh property in uh, Puerto Rico Nice little condo and uh, that is a uh an investment property. So I rent it out on Airbnb does extremely well. It's booked 24 7365. So it's just You know money coming in constantly the money that comes in I pay back celsius and then and off we go and then of course the property appreciates So it's like a no-brainer. Why wouldn't you do that? But uh, that's just what I have done. Also, uh, don't forget That's just talking about Loans and things like that. You can do a lot of things with loans. You can like what I am doing And I talked about this in my Exit strategy, which really isn't an exit strategy. I'm still sticking around I think 10% is going to be in cash roughly. This is this is all subject to changes, you know 25 I'm going to put into stablecoins and that just you know, that is a state that is a Taxable event which kind of sucks, but uh, there's ways of there's ways uh to minimize that we'll say that and that's in usdc I'm not touching tether. I've talked about that at length I will never touch tether as best I cannot get into it 15 and 20 percent. I'm either going to buy land and or properties I'll be taking loans out against my crypto to pay for that. Just know that if you take out loans There is a margin call. So if there's some kind of black swan event, you will get the loan called in just so you know like But it's very very low and celsius has done a pretty good job But just be aware 10 percent will go into my business. My amazon business 15 percent I will just keep staking it cardano aetherian polka dots theta and now avalanche 5% goes into my crypto ira, which is tax-free And so on and so forth. So again, it's uh, look it's not how much you make it's how much you keep And I will just finish up with this if you're looking for a place to You know for those different types of uh institutions. I talked about Celsius being one of them uh all the different wallets and exchanges I've ever used are in a spreadsheet link in the description looks something like this And when you open it up, you can get between 20 and 50 dollars of uh bitcoin Depending on which ones you open up and um, you don't have to use the the Fillet links you can go straight to it. I don't care, but you lose out on the uh Ah the bitcoin um referral fee. So that's it. That's it for today. So look, um, I just want to make this a quick and easy one Just enjoy these days. These are the great days and if you did what you're supposed to do or not what you're supposed to do what If you did what was as far as like a long-term investment ideals are which is you know, just sit back Don't sell too much. Maybe take a little gains here and there buy the dips I think you're having a pretty great day. Just just take a look out because it's not what you make It's what you keep. I just want to make sure that you are aware of these things. All right, that's it So look, you like the video give it a thumbs up that thumbs up helps tremendously. So thank you Also consider subscribing. Uh, if you like videos like this where we talk about the news and we talk about what's going on in crypto And you like to increase your positions then uh, hey, why don't you sign up and subscribe? It's free Also, check out dantejustcrypto.com. It's 100 free and that's it for today. So thanks so much. I appreciate it See you on the next one