 Welcome to the last set news. Take a top stories and cryptocurrencies assets and break them down to bite sized pieces today. Pretty great stuff. First up PayPal to earn two billion dollars in revenue from its Bitcoin business says analysts. And the real question then is, well, how much is PayPal actually making over all these years? And how much of that is related to cryptocurrency and digital assets? Also, Canadian billionaire on Bitcoin, central banks will try very hard to undermine it. And it's not just this statement he's talking about. There's a couple of points that he brings up, which have some truth to them, but is also something that you really need to be aware of when people are talking to you about Bitcoin. And I need to answer a question which came in from a subscriber, which talked about, what can I do as far as setting up a trust to hand down my crypto or digital assets to my kids? So we'll go over that. But first take a look. Let's go on the markets with the day. It is high noon El Paso, Texas time. It is Sunday, January 17th. And what do we got? Well, the same thing we have on almost every single Sunday lately, a little bit of a dip. So if you are a trader, these are the days you live for because it is really going down. Also, coincidentally, this is also the days that I live for the dollar cost average or because I like to get these flash deals. So Bitcoin has been fluctuating, been bobbing up and down between 35 and 40 today, Sunday down to 35. That's just how it goes. And that's just the norm, the normalcy of what is crypto and digital asset market. So Bitcoin 35, 7 down 3%. All right, Ethereum 1227 down 0.4. Not too much. Tether's Tether and whatever. Polkadot, Polkadot amazing run, amazing run, 71% for the week. So it goes down 3%. Sure, that's healthy. I'll take that. No big deal. XRP is almost pay of the quarter. Watch out. Cardano 10% up, which is pretty good, almost a 38 cents. My prediction for a Cardano this year is up to $3 at the end of this bull run. Maybe five, but that's kind of pushing it. But three, I can definitely see. Litecoin down, Bitcoin cash, everything's down. Chainlink, wow, $22. Congratulations, Chainlink holders. You're crushing it. 24% for the week. Can't beat those numbers. Binance coin up 4.8%. If you like Binance Coin, because it has a great utility, it is the official coin for the exchange Binance. Take a look at Voyager. That's my big top pick for 2021. When I started it, it was like 29 cents when I did my price prediction. Now it's up over $1 and things are going to go much higher. I have a prediction of $30 this year and people think I'm crazy, but we'll see. So what else we got? Aveo 3.6 on a tear, absolute tear. Fantastic. Synthetics Network. We do what's called Trinity Trading and we actually didn't hit our goal for synthetics. I was going to think it's going to go up to 18, actually only went up to 17. So it was like 10%, 15% gains, which, okay, not too bad, but just not what we are used to over Trinity Trading and one of those things. What else? 5.5 or Uniswap. Hey, that's pretty good. 2.7, B-chain down. So it's just kind of going back and forth, but let's take a look at what we would do if we just invested in Bitcoin because that's the whole thing. Why not just invest in Bitcoin? Well, in all actuality, you'd be up 2% if you invested in Ethereum. You'd be up 1% on XRP. Watch out. Cardano, 3%, actually everything is in the green. So for all the Bitcoin maximals out there, they're like, you know, it's Bitcoin or nothing. It's not Bitcoin or nothing. There was a good analogy over there. It's blockchain bulls. Check out that channel. I have it listed in my description. And this was actually Jeff from Altcoin Buzz. He now does blockchain bulls. And he said, look, sometimes you need a pickup truck because you got to move stuff. Sometimes you want a Ferrari because you want to get somewhere real fast in style. And sometimes you just want a Honda Civic because you got to get to and fro from work. So that is how I see crypto and digital assets. I mean, there's every different thing for every different type of prospect that you can do. It's not going to be one for everything, but it's not just Bitcoin or nothing. That's just stupid. Anyhow, that's what's going on the market. So let's just jump in the day's top story, huh? So first up, this was good. I'm a big fan of PayPal getting into our markets and really boosting things up, considering the fact that at one point they were buying like 70, 80% of all the Bitcoin every single day. So hey, hats off to those guys. So what's going on here? Well, PayPal to earn $2 billion in revenue from its Bitcoin business as analysts. This is a Azure securities analyst, Don Dolev has forecast that PayPal will earn up to $2 billion in revenue from its Bitcoin business. Now here's a catch by 2023. This year he expects that the payments giant overall revenue will climb 20%. So in my opinion, I was like, well, how much does PayPal make every year? And what's the revenue? Is it like, you know, $100 billion, $30 billion? I have no idea. So I just took a look at the Statista, nice little premium website, and they break it all down for you. Pretty nice, right? So 2010 to $3 billion, $4.5 billion, blah, blah, blah. So it looks like every year they kind of increased by about $1 or $2 billion. So good for those guys, right? So 2019, they're at almost $18 billion, right? So let's just say 2020, they're going to hit $20 billion. 2021, $22 billion, 2022, $25 billion, so on and so forth, $27 billion, $23 billion. So if we take a look at those numbers, and $2 billion is revenue from crypto and gel assets, I mean, that's between 5% and 10%. So if you're a company and you're looking at PayPal going, what did they do differently? Well, they just added one thing. They added one thing, well, actually four things. They added Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. But they added cryptocurrency, a brand new asset class that is crushing it. Bitcoin is the top performing asset of the last decade. So they're looking at like, what could we do? What could we add? Well, PayPal did that, worked out pretty well. Also squared at the same thing, and their revenue generated a ton. And you know who likes to see that? Stockholders. And that's who all these big businesses are beholden to. So if you're a big business, you're like, shoo, I should do that. If you're also a big corporation, you take a look at like, hey, where can we put our money? So it doesn't go on fire. Same thing that MicroStrategy did, we're going to put into Bitcoin. So I think as time goes on, the things that we've covered in this channel over and over and over again, businesses, big corporations, they're all going to get in the game. That's just how it is. But this just reiterates what we already know. PayPal announced in October, in October, that it's 346 million active users will now be able to buy, hold and sell Bitcoin and other digital assets using their PayPal accounts. I got to tell you one thing. I sell things online. I have a couple of different businesses for that. I really wish that I could keep the crypto that all these different PayPal users think they're going to spend, they're not spending crypto, they're spending fiat. So all that PayPal is doing is like, oh, you want to sell, you want to buy that in Bitcoin? No problem. Here's what we're going to do. We're going to set it up where it's going to be Bitcoin to fiat, and then we're going to pay these distributors or the people that are actually online, the merchants, we'll pay them a fiat. We're going to keep that Bitcoin because they know what's going to happen. And that's just how it's going to go. And then people are like, wow, crypto is so fast when I use it. It's so great. It's not fast. Bitcoin's not fast. Bitcoin is slow as heck. So what the PayPal is doing, everything behind the scenes is not the reality. And that's what people are going to believe it actually is. And that's fine with me. The only thing is, is that as time goes on, people are going to start to think that, oh, this is just a norm. And when they go to another wallet, like, why is this wallet so slow? We don't understand. It's PayPal behind the scenes, manipulating types of things. And that's just how it is. So anyhow, a little rant there. Doliv, yeah, Doliv, the analyst raised his target price for the PayPal stock to $350 from $290. Over the past 52 weeks, the shares have reached a high of $249 and a low of $82. So again, if you're a big corporation, you are beholding the stockholders and your whole job as a CEO is to make sure these stockholders are happy, well, they are going to be very, very happy, especially with what this analyst predicts. But of course, it's going to go up because, I mean, look, they're going to make $20 billion in just a couple of years. So good for them. Anyhow, that is what is going on with PayPal. Let me know what you think in the comment section. Is this good for crypto? Is this bad? Let's move on. Next up, can any billionaire on Bitcoin, central banks will try very hard to undermine it? Well, that's a no-brainer. But it's not just what he says here, but it's what he really gets into the weeds. This guy really knows crypto, I think. I think he's got a good grasp on it. But he's just off on a couple of things. We'll talk about it. So this was, he was on, oh, he was on, yeah, Stansbury Research, Dan Yellow over there on the YouTube channel. So he was on there and he says, this is exactly what he says. He goes, I just think that people should stop arguing about this, make your choice, buy one of the other and shut up. I don't envy you having to referee between Schiff and Kaiser. These are two artists going at it and it's getting pretty ugly. It's not that ugly. I mean, really, it's just one guy who has no idea what he's talking about. And the guy is extremely entertaining, named Max Kaiser. He says, I have my own opinions about Bitcoin, but that doesn't make them gospel. I don't have a crystal ball, neither do I. Nobody else does. That's very true. I just have opinions that are based on my understanding of what is happening out there, what's driving gold, what's driving Bitcoin. And so I think, yeah, Bitcoin can go a lot higher in the short and near term. We'll replace gold. I don't think so for a lot of reasons. So again, I own gold, I own silver, I own Bitcoin and I own all three for different reasons. I truly believe that Bitcoin is a superior store of value as time is moving forward. The only difference and the only advantage Bitcoin has, I mean, excuse me, gold has is time. Gold has been around for a lot longer than Bitcoin, but as time goes on, and this is what this gentleman is talking about, he's like, well, you don't really know because you know, it's just unproven. But once you get to the point where it's actually proven, it's too late. I mean, it's too late. Are you going to buy into Bitcoin at a million dollars? I mean, seriously, no one's going to do that. I mean, in the future, people aren't going to talk about one Bitcoin. They're going to talk about how many Satoshis do you have because nobody in the right mind is like, oh, I got like 15 million to spend on one Bitcoin. It's not going to happen. So anyhow, that's exactly what he said. He goes, gold has 3,000 years of history, and until it reaches near universal adoption, like gold has, you're speculating, gosh, darn right we are, and we're going to make a lot of money doing it. Not financial advice. That's just what I'm doing until it does. You're playing the greater fool game and you're going to hear this a lot as time goes on. So just get ready for it right now. And that's why I say a couple of things. One is always get your Bitcoin elevator pitch ready, which is the simplest thing that you can possibly say about Bitcoin, which is this, Bitcoin is digital gold. It's scarce. Really, it's finite. Just say finite, but scarce is fine. And it's market insurance. Unlike gold, you can send it to anyone, anywhere within minutes for pretty much nothing. It's the best performing asset class ever, better than gold, oil, or any stock ever. And if you just want to say 10 years, go with that. Used to be worth a nickel, now it's worth 10K. See, this is how long ago it's been. Used to be worth a nickel, now it's worth 40K. And it's why I'm heavily invested. This is the simplest way to say things instead of going into like, well, here's the aspects of money and here's what's going on. You can have those deeper conversations with people who like are really into it. But this is the easiest way that I could figure out to really talk to people and make it so simple. So that's one thing you're going to talk about. And then another thing is you're going to hear this, the greater fool game. The greater fool game is essentially people are going to sell you this product because you're a greater fool and they sold it more to you than what they bought it. But isn't that every investment out there, every stock that you get invested in, every type of crazy thing that you have, or just simple things, it's really comes down to is what you bought it for. You're trying to sell it to somebody else for a higher price. That's really the whole thing. Now the greater fool, gotcha. Okay. But really, to me, in my whole opinion, it's not about the greater fool, but it's what value you are bringing to the table. And again, that's why we always use a Bitcoin elevator pitch because it tells them about value and why you invest into it and just leave it at that. He does say, I think it's going to do what some of these people are predicting. If I had a choice of where to store my wealth, it's going to be gold. If I want to make money because I think something's going higher, I'll buy Bitcoin. And that's a great point. In all honesty, you have to step back and don't be like the MAC was like, Oh, no, it's Bitcoin or nothing. And you got to just, just, just take it and ram down your throat. That's not how it is. This is a good point because, so let's say like this, so it's 2017. Okay. And you want to do a store, use that as a sort of value. And you put all your money in at 19,900. Well, if you'd have done that in a couple of weeks, it would have crashed down to 10,000. And a couple of weeks after that have been like 6,000. So you would have lost your store of value. Now you could have waited three years. And then of course it would have gone up and you would have been really good. And you would have been at 40,000. Congratulations. But for three years, it really wasn't a great store of value. Now, was it? So when he talks about here is like, Hey, if I wanted to go up, then yes, I will buy Bitcoin. And that's why we're always talking about these four-year cycles. So it is a good store of value if you can keep it in there for a little bit of time. And then people will always talk about, well, if you're, you know, running from a third world country, it's way better than, you know, putting it into, you know, the Venezuelan dollar, whatever the heck that was. Then yes, you are right. You would still have a good store of value because that stuff just went to, you know, it just collapsed. So yes, I understand your point. But as far as the store of value, the thing you have to realize is that I personally believe that if you just keep your money into it, it will actually grow, but it's going to take a long time. It's not like a store of value like everything that you might think, such as gold. Now, here's the thing about gold. Gold also goes down. It's not like it stays at $2,000 and it's set at that at all time. It's not how it works. It's gone down to 17, 1600. And it actually is a fluctuation just that Bitcoin fluctuates more. However, it fluctuates the upside a heck of a lot more than gold, and that's why I invested into it. Sue, just keep that in mind. All right. So he states, finally, central banks own gold, they don't own Bitcoin, and their gold is a core part of their currency reserves and always will be. And if they do anything, they will issue their own digital currency, which is the CBDCs, they're not going to be buying Bitcoin because they're going to try with all their power to undermine Bitcoin. And it's a good point because if you take a look at what is going on, this is from the IMF, Christine Lagarde. She wants global regulation of Bitcoin. And this was at, this is just a four days ago during her speech at the Reuters conference. Lagarde said that Bitcoin has conducted some funny business in the past, including its use in illegal activities. She asked for a comprehensive global regulation to cover the loopholes in Bitcoin. She's sure that's what you want to do. So there's a big difference between asking for regulation and totally shutting it down. There will be varying responses in the comments section. So go ahead and put that down there. And then the last thing is that this people are going to say, well, aren't central banks, aren't the federal reserves, aren't they buying Bitcoin? If you can point me to an actual article or some proof that actually says it and not some kind of made up riddler junk, then I'll take a look at it. But as far as I know, and correct me in the comment section, central banks, federal reserves are not buying Bitcoin that we know about. Anyhow, let me know what you think of the comment section. Let's move on to our last piece. So last up, this was a pretty good comment from a subscriber. He sent this to my email and he just talks about, hey, you know, how can I set up a trust or a trust fund for all my kids? And it's a good question. And I had to actually reach out to Anthony and he answered it for me. So let's just jump into the office real quick and let me answer this face to face. All right, so welcome back. So I think this is a pretty good question to answer, especially when it has to do with kids and grandkids and what you're going to do as far as like trust and things like that. So let me just blow this up real quick. So the question actually became is, Dan, do you know where a good place would be to set up a trust fund? A friend of mine just became a grandfather and he would like to start a digital asset trust fund. Thoughts and ideas may this be a good idea for a video. Absolutely. So I reached out to Anthony over there at iTrust because, you know, I just want to see if they haven't offered that service. I said, Hey, man, I got a couple of messages like this. Do you have any plans to offer this or have a trusted partner that could provide this service? And Anthony got back to me and he said, look, he goes, trust are complex animals and there's no one size fits all. So a personal one on lawyer consult should almost always be used. I'm going to say always should be used just to be, you know, 100% transparent. This is not financial advice. I'm not telling exactly what to do, but there's just one of those options that could be out there. He says, one thing to keep in mind is a Roth IRA can be passed down to beneficiaries upon death. The receiver receives the funds and can cash out complete tax free unlike traditional IRAs, which require a minimum distribution after 70 Roth IRAs are not required. People can literally use a Roth IRA to simply stuff money in, even if they themselves never plan to sell, but just want to pass it down. They are almost like a trust fund and spirit that sort of way. So yeah, I mean, in that sort of way, that's true. So this got me curious. So I sent him a message. I go, well, hey, because like with IRAs, like we have to wait usually till 59 and a half years old to actually cash out or else we get penalized. Is that the case for beneficiaries? He said, no, once it gets passed down to your beneficiary, they can cash out whenever they want to. Now, in certain states or certain laws, certain regulations where if you pass it down, they have to, you know, cash it out within 10 years. Again, you have to check, check with your lawyers and actually I would check with I trust. So I thought this was a pretty great option. Now there's a, there's a plethora of options out there for you of how to pass things down. But there's just one of those options where you can pass it down to your kids, your grandkids, your significant other, your partner, whatever else in a just a cleaner way without having to pay in so many taxes that are out there. So again, if you were smart or you were ballsy and you're like, Hey, in March, what I want to do is I'm going to buy Bitcoin and I'm going to get it at $5,000. And then it went all the way to $40,000. What do you think's going to happen in 10 years, 20 years? Do you think Bitcoin can go up to a million? Well, depends on who you listen to. So if it goes all the way up to a million dollars, well, guess how much you have to pay taxes on? Yeah, a boatload. So, and especially if you, you know, pass it on down. So this is just one of those things. So I would just say like this, as far as like the IRA, there's two more things to pay attention to. First of all, if you have a traditional IRA, or I always say this, or an old employer plan 401B, a military TSP or a 457, then you can pass it over tax and penalty free from a traditional IRA to a cryptocurrency IRA with iTrust. Also, they have just announced that they are going to start setting up the process for Ethereum staking. So if you have Ethereum, and you have that in your crypto IRA, and you get staking rewards, well, guess what? You're not going to pay any taxes on that because it isn't an IRA. So that is just one of those things to definitely look to. If you want to learn more in the description of my videos, there's going to be a link, and it's going to look like this. It's going to see why a crypto IRA, you're going to click on that as a 23 minute video, and I go over all the different types of IRAs and the different options. What I did was I went writes, I just, well, first of all, there's a link right here, you can get one free month for all the band users. So when you click on that, you can sign up. But what I recommend is that you set up a console with these guys just to make sure this is something right for you. It's totally free. This is what I did. I set it up like it was like a 30 minute session, but it could take 10 minutes, 15 just depends on whatever you want to do. So then you go there, you talk to them and then go that route. But I thought I didn't know this was actually an option for beneficiary. So if this would be something that you would be interested in, I just give you the option and then go from there. Again, not financial advice, of course, do whatever you want to do. So that is it. So thanks for watching all the way to the end. I appreciate it. If you like these types of videos, it'll be too much going to pop up on your left and right. Let YouTube do its magic. And that is all for today. So thanks for watching, and I'll see you on the next one.