 Everybody welcome to the Tuesday live stream. So we had a lot of things to go over. So let's just jump right in So the first thing of course the thumbnail the title suggests we're going to talk about Warren. Excuse me, Elizabeth Warren and her challenger Republican John Deaton now if you're not familiar with John Deaton. He is the Lawyer he's been pro crypto for as long as I've seen him on X or Twitter and on his youtube But uh, it looks like this is going to happen and just this broke out just this morning So i'm excited about this we're going to talk about what this means. So first of all When we talk about Elizabeth Warren, there was a video we did four days ago and we talked about how Elizabeth Warren senator had actually signed a document that allowed for satoshi Nakamoto to be recognized And to be validated and actually have the american flag flown in his honor His or her who knows and of course when we talk about this, I just said I go this doesn't make any sense This doesn't make any sense because senator Warren is not big on crypto Why would you do that and of course later on it came to light that Apparently senators just rubber stamped this and they just sign like it's going out of style And this was actually done without her pretty much knowing or probably the incompetence of of her staff for not removing This this document to actually fly the flag now. I'm not going to say that everybody's perfect I am far from it. I'm just saying just interesting how this all came about So the video that we talked about I said this doesn't make any sense and ensure as heck didn't so this just broke out this morning and this is John Deaton And he comes out and pretty much explains why he is running for senate of massachusetts And it was very it was probably The top five Best political videos i've seen in quite some time And it really makes you think that, you know, he can do it. I mean that's it's very positive and he talks about, you know, helping people I didn't know john was a marine so I want to Tip my hat to him. I could have salute john. Thank you for your service this country also Lawyer took on a lot of politicians or to washington and won many a case and also helped with the ripple case to Bring it to give the small spanking to gary ginsler and the loss of the sec So when I saw this I thought this is great. This is fantastic. This is what of course we need however And i'm gonna I linked i'm not gonna play this video. It's very good. It's two and a half minutes i'm gonna link john's x account And you can follow him and I and I would like everybody to support him because he really does need Our support to get the information out there and go against elizabeth warren in massachusetts The problem is as you may have guessed already is that unfortunately in massachusetts. It's they're not real big As far as republican contenders. So john has a uphill battle I'm not going to sit here and say that this is he's a lock to win this one But uh, there is some wiggle room, but going all the way back I mean warren's been there since 2012 she took office in 2013 mark he believes been there since 2013 and we can just see over time That usually Not that it's even close republicans don't really do too hot In massachusetts and this is going all the way back to the 60s When john f kennedy was a junior senator and then later became president of the united states He was of course a democrats and we can yeah democrats we can see And going all the way back. It's just doesn't look too. Well, so I put this out As you know, hopeful i'm glad that he's running, but it doesn't match and i'm going to tell you this It's not like John has to win this one to score a victory for us. He doesn't John doesn't have to go out there mr. Deaton doesn't have to go out there and actually win the senate seat for a win for Crypto advocates like ourselves because it's all about education, right? On this channel, we try to do our best to educate people to talk about the macro environment to talk about why this will actually make a difference And even in his in his um in his um political video that john put out He said look i'm going to bring it to light the corruption that's going on in Washten great a lot of people say that and i'm pretty sure he can do it He did a great job against scary gents on the sec on top of that he's going to talk about of course inflation crypto laws Lessid activities and it's all about getting the information to the people So he may not win, but a lot of people are going to understand just how ridiculous Elizabeth warren's stance is and how she talks about trying to help people But how much has she done for massachusetts? I don't live in massachusetts. I don't really get it Uh because i'm not there. So maybe if you're from massachusetts, you can tell me why Uh senator Elizabeth warren is loved so much over there to trounce her competitors By 64 to 32 percent in the last runoff. So let me know uh how that works in the comment section But there was something interesting that she did put out which was this Warren for senate And she talks about hey You know i i get to i mean i got to tip my hat to her. It's a pretty smart play It's not to just you know dismiss it but say hey someone run it run against me New report with the boss in global kids. I have a republican challenger Can somebody get running against me and for senate in massachusetts and of course this went out to all of her Advocates and all the people who follow her Via email said this is a guy who just recently moved here Is prepared to kick start his campaign with 500,000 of his own money and has been a big cheerleader for crypto interest First of all, that's true. John has been a big cheerleader for crypto interest I have been a big cheerleader for crypto interest and the reason why is because it's all about equality So I know that you know your buddy gary genzler He loves uh to to protect us But what is he protecting us from and i'm not going to get into the the politics of it because this isn't a political channel Just kind of it's just something to think about and then the thing we should talk about here This is a guy who just recently moved here. That's a pretty good play It's a pretty good play to say that Because that just makes her her followers go. Oh, this is just some new guy who just moved to massachusetts Run off against uh, elizabeth warren. That's not true. As a matter of fact, john deaton actually went to uh for his his legal degree to become a Lawyer it was the university of new england So he's actually From that area, maybe he moved away or maybe moved some back, but he's been there for quite some time This was you know, of course where he obtained his his legal degree. So That's just a little bit disingenuous, but whatever She says ever since I began speaking out about protecting consumers from crypto scams making that industry follow the same basic regulations as banks And all their financial institutions The crypto lobby has put a target on my back. First of all, I don't know any other industry that's more regulated quite honestly than The central as exchanges I don't know about you But when I signed up for a coinbase and kraken and all the other ones out there I had to follow the same rules as the banks. They had to kyc KYC me AML. They asked me for my social security card. They asked me for ids I don't know what she's talking about, but uh, maybe I'm just dense She goes look I'm not afraid, but this now means we need to prepare to compete against funding from powerful special interests Wall Street and GOP Like your buddy jamie diamond. Okay So can you please rush a donation of 28 bucks or anything? Yeah, it goes from there So I have to tip my hat to Elizabeth Warren for knowing the game But uh, again, I don't think that's john that has to absolutely outright win We'll take the small victories as john marches forward and educates the masses as to why Crypto and digital assets are important how it can create equality and why the nonsense that is spewed by democrats Excuse me by by politicians Should be overlooked Let me understand about that in the comment section again not a political channel. So Let's just move on And I thought this is a pretty good piece. This is from crypto slates. They talked about how coinbase Is seeing major withdrawals and the hold the lowest confirmed supply since 2015 And uh, looks like they got this from glass node And I found this quite interesting because of course, we all know the ETFs are going on without a hitch Looks like the interests the the deli the black rocks everybody else Are really ramping up the buying not they themselves their clients Are ramping up the buying of bitcoin There's only so much that say coinbase can keep on hand because they're gobbling it up And when I saw this I'm like, hey, that's pretty great right since 2015 But I just want to remind everybody about on-chain analysis Is it is what you make it and it's like all data points. Let me show you something This is ben's website into the cryptiverse links in the description. You can check it out And what it is is it's the same thing That glass node put out, but it's supply held by exchanges see on this one. It only says balance on exchanges total bitcoin coinbase only and it's true coinbase Has lessened amounts of bitcoin Since 2015, but if we take a look here, I'm going to show you all the other big exchanges How much they actually have And we can see that because I want to know if we take a look at poloni x. Well poloni x actually had a massive amount That had 136,000 Back in 2018 now It has only 15,000 it's quite a drop-off. Okay. You got me on that one. Who will be also This is not going too well for me who will be also has a negligible amounts Of bitcoin bit stamp same thing. I think it peaked out in 2013. She's always But yeah, quite low. I think as of february 19th. It's at 19,000 interesting bitmex All right had a lot not too much cracking All right. Well, not the lowest it's been. Okay bitrex Also low as well bitfinex now It's on the exact opposite 9,000 you got 51,000 here. So all the ones over here Kind of negligible gemini. I don't know who uses those guys, but whatever They had 60,000 now they're at 40 51,000. So 50 it looks like a lot, but they still have 50,000 bitcoin and then the big dog Still in the space finance, I believe it's still the number one exchange out there And they still got a boatload. So they got 630,000 bitcoin. So I know this looks great and people are excited I'm excited when I see this stuff, but you got to take it with a grain of salt and be like, well What's it look like everywhere else? Does that mean that bitcoin won't go up tomorrow? No So I'm saying just saying be careful and you know look behind the scenes about what's going on So that's good. I suppose But there is one thing though and I've heard this for for quite some time which is When tether mints a boatload of of tether The tether treasury just mints tether out of you know, of course, of course, it's backed up You know, of course, it's backed up by assets and dollars and all that stuff. I'm sure it is. I'm sure sure That was sarcasm When this happens People will tell me that expects A positive price appreciation a price action to follow This just happened two hours ago a billion worth of usdt was minted at the tether treasury I said, hey The u.s. Has got the federal reserve and the crypto market has the tether reserve and we just got a billion fresh in So will this actually drive price appreciation? No one knows But I would like to just kind of follow this for the next two or three days and see where it is Right now a bitcoin over the last 24 hours is down 1.7 percent, but it's up 5 for the week Ethereum is down a little bit over 24 hours tether's up And then across the board it's not like massive price action, but there is Something about this so again Let's follow this for the next two days and see if that actually pans out if they mint a billion Worth of tether if that drives price appreciation or not, we'll see But there's this one thing ethereum is up 12 for seven days. Look at bitcoin only five percent Actually, I want to show you something if you Denominate everything into bitcoin to see which one's winning I mean appreciation. It's not about it. It's not about winning. It's just about price appreciation We can see that uh, well ethereum is up six Binance is up. Solana is down big time against bitcoin xrp not really Cardano was up six percent for the week tron is up four Doge chain link polka dot polygons up six, but a lot of things are Yeah, it's like a mixed bag in my personal opinion, but a lot of a lot more red as you go down here It's just interesting to to note. So when you're trying to look like well, how am I doing? Depends on what your risk tolerance is but the thing about ethereum I found it interesting. I'm like, why is it up so much? Well, if you don't know If there ends up 28 percent this month As a new dink an upgrade comes near scaling networks surge and just so everybody knows What this upgrade will bring is proto dank sharding, which I think is the precursor to just sharding And it will reduce data availability costs and address some key scalability challenges for I believe for ethereum in short it'll make ethereum faster and cheaper And then also price appreciation could also be because the us sec Looks like they could potentially approve a spot if there needs to have to begin trading Some people say it's 40 possible. Some people say it's 50 50. We'll see what it actually actually is. I know that Hester pierce from the sec said we're going to use hold on We're going to use precedent from what actually was from from bitcoin, so we'll see But just so everybody wants to if you want to dive deep into this We actually talked about this on nfa live about 10 days ago or so 10 or 14 days ago And guy did a fantastic video on it Originally, but he just dropped this new video and he talks about how Dinkin and the upgrade and ethereum how it's actually going to reduce some fees But the different layer twos could potentially be pumping or will be pumping soon because of this upgrade So I linked this in the description watch that video because it might be who of you if you are a big layer two investor such as myself And uh gleams some information from that But I found it interesting that this is actually happening right now at this point in time And the reason is because so many people have poo pooed on ethereum like it's never going to come back It's just trash ethereum's the the fees are too high I've been one of those people who said hey ethereum fees are way too high and they need to do something about it right Looks like they are We talked about l twos and of course i'm a believer in in layer twos. I think they could actually do pretty well I mean arbitrem optimism Base if you're so inclined to that which doesn't have a token but We I had a discussion Yesterday with altura altura if you don't know I linked their company in the description It is nothing It's if you're a developer and you're trying to bring a web 2 game over to web 3 these are you guys actually want to talk to and I talked to them Because we're bringing uh flappy bird From web 2 to web 3 and don't worry Flappy bird is still free to play on on web 2 It'll still be free to play on web 3 But if you want to do these four things like own skins upgrade new worlds gamble or Revenue share then that's you but it's optional So don't freak out and again free stuff. It's all free web 2 and web 3 is free It's all you gotta know But when we're talking to these guys, I said, hey, you know, we're looking to go with a specific chain What have you heard so much and they go? Well, you know, we talked to all the different layer twos and everybody's very happy with what's going on They're very happy with this denkun upgrade They're very happy with the way that things are accelerating And they're very happy with actually building on most of these now They gave me a couple of names I'm not going to mention of as far as layer twos that kind of suck But the majority and I was kind of surprised at this the majority of what they were talking about like, yeah These developers are very happy from web 2 to web 3 and we think it's going to do very well So that's just anecdotal, but I thought it was just interesting what they're actually doing in the background So And yeah, let me know just think about that as far as Ethereum and layer 2 solutions I think it's good and then lastly I want to give everybody a gift I've been talking about this for the longest time and I apologize. It's taken so long But it wasn't up to me It was up to coin ledger coin ledger just dropped their portfolio tracking software Which if you don't know about coin ledger, it's what I use for my taxes. This will be in the 30 year straight I'm using them. It's a fantastic service. I run it all through from the time that I put all my stuff in the time I ship it off to my cpa. It takes me 30 minutes. I am not a fan of wasting time I'm getting older. I don't know how many minutes on the planet. I actually have Time is more important to me and it's actually quite cheap. It's like I think it's 99 dollars For like the mid tier and like 200 bucks for the upper tier whatever But they're bringing their portfolio tracker for free and it'll apparently it'll always be free So we were talking about that. I thought it was cool and I just want to show you real quick what it looks like Let me log in. This is a test account You can do the same thing And what's great about it Let me verify. I'm a human Not sweet tax reports portfolio What's great about it is this about First of all, you can track all your different profit losses across all your different wallets And it's different like there's a bunch of integrations all these different Tokens and bnb chains centralized exchanges dexes wallets blah blah blah D5 protocols even FT's what I'm not big into but sure Anyhow as you move things across your wallets It'll give you a p&l and I'll tell you like look, this is how much you're up This is how much you're down. This is your tax harvesting if you want to do that This is your taxes as far as it's going to be a long term or short term capital gains It can actually register your gas fees your trading fees and all the protocols in between and it's not just for the united states It's global So i'm bringing this to you as a free gift because I thought it was great. I think everybody should be tracking their portfolio a little bit stronger now If you've got one crypto that you've bought and you've done like 20 transactions You don't need this. I think you'll be just fine, but uh this piece right here. Let me show you Mm-hmm. Let's take uh the only one that I'm up or actually this is a test account. So I'm like, man, my I've really gone to twos only got 58,000 this thing But uh, let's see. So like we go to chain link, right? And chain link. Okay. It's on my coinbase account and I go here And I'm up Oh, let me go back Right here So I have 49.40 link in this dummy account, right? And it's telling me that I bought it for my cost basis is 649 I'm up to the value is 929. I have profitable at 279 The question is is this going to be long term or short term capital gains in america If it if you're selling before one year, that's short term capital gains, which is way expensive If you're waiting after a year, that's long-term capital gains, which could be 10 15 or 20 percent depending on your tax bracket So we can take a look here. Okay, let's see And I can see how much of this Well, I got one transaction in 2021. So I'm safe and I'm good to go and then also it pulls over to your tax reports So when you want to actually file your taxes and no, this doesn't this doesn't go directly to the irs You have to generate the report and send it off to Well, if you have any kind of software that you use, I just send it off to my cpa But you can do that and it'll tell you like this is your long term your short term It's how much you got to pay or how much you don't have to pay and Makes it very quite simple. So that's what's happening in the world if you like to Check that out and start to do it it To get all the information in you just put in your wallets or just connected to your Accentualized exchanges. I personally just collected connecting them to it's a coin base Then I put my wallets in it's read only that's it and then I was able to say, okay I'm up and down is man. That's it. So That I'm a lot of stuff 20 minutes. Sorry That's it for today. I'm trying to make that as quick and painless as possible Now if you're so inclined, we'll do a little q&a and I'll go over all your questions But that is it for this piece if you like today's video thumbs up subscribe all the good stuff