 Great. Welcome to your last ad news. Take a top stories and crypto right on a bite-sized piece So today just the thumbnail and title suggest the central African Republic has made Bitcoin legal tender And that's the second Biggest country I think to make Bitcoin legal tender right after Al Salvador So I'm gonna take a look at what that means but first we'll take a look at the market I also want to talk about There's been an increase in leverage and then next week We're gonna see the earnings report comes out come out for some pretty big companies Such as meta Amazon and Microsoft and then also what there's good news It's gonna be an interesting situation to see just how correlated the crypto market is to the traditional market We'll talk a little bit more about that then we'll talk about a core central African Republic making that Bitcoin legal tender And lastly I need to give away these step in activation codes And if you are in the move to earn space, you know exactly what I'm talking about So we're gonna give away those free at the very end and also do five questions five minutes of variance Let's just jump into it, huh? So news takes about 10 minutes or so then we'll get the Q&A get out of here. Let's see what we got. So first up Here's the market nothing exciting quite boring actually Hopefully this news will turn things around but it seems like in a bear market, which is what I believe that we are in I know you can make a case you can say well, but Rob you understand because you know There's Bitcoin still makes higher lows. Well, I gotta tell you I've seen my portfolio drop between 35 and 40 percent doesn't feel too bullish to me now there's bullish sentiment and Bearish sentiment right now. I think we're kind of in a bearish trend and that's just that's just me talking also We are below 40,000 yet again Bitcoin down 0.5% and you can see the market just either chopping sideways or just a gradual Slow burn as we come about and then even like the last hour Nothing really happens. So the question that is, you know, what's going to happen with this good news Which leads me to some of my next points. I've been talking about for quite some time I think a lot of people have all as well the correlation between traditional finance and the crypto markets And it seems like every single time I do this if our market goes up Looks like NASDAQ and S&P goes up if our market goes down as that can S&P are also down So the question that I have is how are things going to be affected? I think there's a really interesting play coming up, especially if we take a look at some on-chain analysis This is from crypto quant links in the description. You can check it out And the thing that I really always concerns me Is this one called estimated leverage ratio and what this is? This is the exchange open interest divided by the coin reserve Which shows how much leverage is used by users on average. So if we blow this up And I've talked about this many a time. I'm not a I'm not a big trader I don't I don't do leverage trades But there's some people out there making a massive amount of money also losing a lot of money But it's up to them because I'm not anybody's dad here. They can do whatever they want to do But if you take a look at these leverage ratios anything above 0.2 Is as they call it in crypto quanta an extremely significant amount And we can just see as prices move up You see more people getting a little bit more bold and trying more leverage plays Well right now we are at an all-time high an all-time high of leverage ratio going back to March 2019 so over two years or so As long as crypto quant's been around I believe we are at 0.25261 If we could hit 0.3 that is quite a bit of people leverage plays So it sets us up for an interesting situation With the earnings report coming out Depending on what's going to happen. Let's see how how it works Then with this with with this great news The question then is for all these these longs and shorts that are out there And this is just a graphical representation of everybody who's been liquidated lately and you can kind of see that Actually shorts do pretty well in all honesty because the the exuberance of the market I think some it just gets away from some people and look at this day Fifth of april. I mean you had liquidations of half a billion dollars. There were there were some shorts They were liquidated not too much then over here and it just depends on you know, which way you're going to go here, but If we take a look at the last five minutes or so It's an interesting predicament I think people were at just about an hour ago when I took a look at this it was It was heavily shorts heavy shorts In the last five minutes now we can take a look at the last 30 minutes And things start to even out a little bit more hour four hours 12 hours It doesn't really matter The the question then is Is with this news with new legal tender coming out Might this set up for a massive amount of liquidations and of course when These traders get liquidated what it really usually tends to be Is some pretty volatile situations and you'll see the market move rather quickly to the downside or to the upside And that leads me to this This is the earnings report or all the earnings reports that are coming out this week And we've got some pretty big names. So you got microsoft Metta used to be called facebook You've got amazon.com. You've got apple Exxon ii i'm gonna find interesting to see how well they're doing After they've been jacking up the prices because they say there's all these different problems with supply chains So i'm just curious to see how much profit they made But the question then is If these guys come out And they say it's some horrible earnings report just like what happened with netflix and the traditional market starts the tank Some people believe that our market crypto market is not correlated whatsoever. So If the traditional market goes down and we go up, I'd be like, oh, yeah, then my thesis is is totally incorrect and uh we are looking at a total decoupling and Especially with this good news we're going to talk about in a little bit But if it goes the opposite way if we have good news here with bitcoin becoming legal tender of the second country The central afghan republic And it actually goes up or it goes down even with potentially these earnings report come out. They're negative Then you can really truthfully say that there is some serious coupling between traditional finance And the and our crypto market and it all depends on what happens this week in my personal opinion Which limits my next points. This is what we're all here for this story So this just came out actually this story was yesterday, but it just kind of hit twitter just about about an hour ago or so First african country adopts bitcoin currency Central afghan republic became the first country in africa to adopt bitcoin as a payment currency And before you get super excited just wait Wait until we talk about the gdp In a worldwide first the national assembly unanimously adopt the bill to help with the country's plan for economic recovery And peace building on track looks like they're going to go against the imf. So good for them The application of legal tender implies the acceptance of crypto as a legal means of payment Established through specific legislation meaning that no vendor No organization can deny the use of bitcoin as a payment or as legal tender This initiative will completely transform the cef's digital infrastructure by applying the blockchain tech Necessary for the product's implementation initially critical the project The parliamentary groups movement coup or unice and movement national desse independence voted in favor to support the nation's best interest To benefit from prosperity and stability. I gotta tell you it's amazing that they they could actually do that So that sounds pretty good, right? I mean everybody's gonna be talking about this either today Or tomorrow and it's gonna be all over the place. That's just how it is. So first of all You're probably gonna ask, where is that? Where is the central african republic? Well, it's right there It's in the smack middle of africa Just so you know, so if people ask you like, well, where is it? You don't even know where it is Well, now I do And then also I know we're excited about new countries to get in and that's great And it is Hopefully it causes this this domino effect and more countries and more countries and more countries That's what we all want. We want mass adoption. So price goes up, right? We just remember this al salvador Isn't a powerhouse of an of an economic country and they have 24.64 billion as far as gdp If we take a look at the central african republic, you're looking at 2.3 billion So, yes, it's a great story and it's a victory take the victories that we have But it's not like the major victory that we're all Going for so this is good news. Let's see exactly how far it actually moves the market I'm hoping it moves it a lot, but really in my personal opinion I think what's going to really move the market is how well traditional finance moves because Now we're going to see if crypto right now in this in this time frame Is a risk on or a risk off asset depending on what the earnings say Let me just think about that in the comment section and then let's finish up real quick with The step in activation codes. So let me pull this up real quick so we did a I sent out a tweet Actually, I think this was yeah a couple days ago And I said great news. I've got two maybe three activation codes for stepping Official and all's I wanted you guys to do is just do this Watch the video comment below and then follow these two follow me and token metrics And then we're going to pick the winners very soon I had a lot of people asked me for it a lot of likes a lot of retweets a lot of people commenting and that's great You know, thank you. I appreciate it And this was from our our video that we did over on our second channel Dan de jen These are the the projects that in all honesty are the most risky and I'm not there's not financial advice just financial opinion But we did a move to earn deep dive and it was pretty good. It's an interesting interesting prospect as far as like move to earn and We're going to be following all these different things that we talk about and everything that I talk about on Dan de jen I also put my money where my mouth is again It's not a financial advice just financial pain and we also have a Spreadsheet so you can track What I'm doing as far as like when I get into so again, so kishi was pretty much One of our good our better ones I actually ever done was better So again, so kishi we talked about in december 15th started at point zero one five or about a penny Now it's about a buck depending every dome started at point zero zero five Now it's about four cents. So still doing pretty good and fame MMA We'll see how that does But that's for the de jen now steppin is already out. So we couldn't get into there. So I said in this one I'll pick the winners. We'll do it through it's called twitter picker because You know names out of a hat people don't trust you. Okay, so sure is what it is So all he had to do again was just comment follow follow. So I put that into twitter picker and let's see continue and 24 entries We're the ones that actually made it in there. So I think a lot of people just They're like, yes, I want to win but they didn't follow the people and they didn't comment. So that's just how it is Let's see who we got I'll begin the draw Winner count. I'll do two and then I'll do it again. Load this continue 24 entries. Okay Begin the draw again. Hopefully it works this time. Hey Well, good job Let me put Roger Lynn Blom and J. Lo J. Lo You guys are the winners. I'll reach out to me I'll give you a quick follow. You can you can reach out to me and I'll do those activation codes And then uh, what we'll do is tomorrow We'll do we'll do the third activation code because I don't know what's going to work in So that's what's going on So that's what we have as far as the winners for the steppin activation codes Let me just think about how we did that and then let's move on to our quick q&a and get the heck out of here. Shall we? burp Burp burp banners There we go Ah Yeah, nice. I did a real time. Yeah, we tried to I got to tell you in the comment section it gets ugly sometimes it never is ugly When there's a bull run everybody's happy But it seems like when things take a turn people get really ticked off. I wonder why I wonder why even though like we say all the time You know, like there is no get rich quick schemes and we talking about Della cost averaging this playing a long game people just don't want to hear it Like look, I know this I saw this guy. He's a dogecoin millionaire. Why aren't I a millionaire? Because you didn't get lucky enough That's really what it comes down So you didn't hit the right timing and that's just pure luck. That is not and that's nothing to do with with fantastic You know investing. I mean good for that guy or person But uh, it is what it is and Right now is just one of those times where you can take a look at and go Well, this is the most awful time because the prices aren't going up or you can look at and go You know what? This is a great opportunity just to take some time and actually keep accumulating Believe me. I've been where you've been in 2018 after the after on 2017. I thought everything sucked And all I did was just Della cost averaging 2018 19 20 21 things worked out. Okay Not investment advice. That's just what I did All right question number one what which started looking to bitcoin defined to be more useful You know, there was the there was one. I really like called the the the pie cycle top And it's one of those that actually it was able to like predict a couple of tops for retroactively Three of uh, some pretty big bull runs and the fourth one it kind of predicted and it kind of But it didn't really hit the last one So I like taking a look at that log with logarithmic regression But I also I don't really look and use the look into bitcoin. I just use uh, ben's Website in the cryptiverse. It's got a lot more For me, it's just a lot more easier to use and I like using especially for the risk assessment tool That's uh indispensable If you want to check that out links in the description, it's not a it's not a Fill your link. It's just app dot or it's into the cryptiverse.com. That's it It's all about profit Did you hear about the bitcoin ETF in the chicago exchange? Let me guess Somebody's talking about how there's going to be a spot ETF coming up anytime any any minute I hope it is I hope i'm wrong, but I just don't see it happening for for a while Thanks mark. I try That's a good one question number three. How do I diversify into real estate if I can't afford an entire house You know, there's this thing you can look into re it real estate investment trust those type of things Also, I had a friend He just uh, he's in the military sergeant major and he just pulled together nine of his friends And he said hey, we want to they bought 500 acres in the west side of el Paso and they paid Uh, the guy wanted half a million and they gave him 350 000 And between the 10 people, you know I'm using quick math 35 000 a person and they're able to get 500 acres And if you've if you've seen what's going on and like throughout the united states A lot of different places, especially in the outskirts of town are being built up With warehouses warehouses from target warehouses from amazon warehouse from all these different e-commerce sites So that's their play and that's like a long play. It's just it's just an an option If you if you got friends like that, but an re it might be something else to look at my big thing was also to look into Buying property and using it as an nft and people get in the nft and do those things, but uh, it's it's a difficult situation because it's really that's a security so I did not have investment. I yes, I have investment opinion. It's just an opinion Not even a good opinion sometimes I don't know question number four what speakers are looking forward to seeing the most at consensus Let me know who they are and I'll let you know. I haven't even heard who the next speakers are I'm gonna guess Michael sailor might be there Who knows Ah cuckoo for me theopia great Do you have meet-ups texas? I need to do a meet-up and you know pass so soon I should do a meet-up in london when i'm there next month What are you using the metaverse as far as games? I'm not a big game player I like the the uh play to earn space But the only thing that i'm looking at is in the metaverse is just like what I look at in Regular reality, which is I like land so I buy land also buy land of the metaverse I have some in uh the central and some in the sandbox You know right and also I also have one in a new metaverse play called into the cryptoverse so which has not been site, but um As far as like games, I've tried to to do the gaming experience Unlike uh the sandbox. It's so goofy. It's so boring right now right now I think there's there's better games to be played and I've got My pulse on a couple that are going to come out that look uh Uh surprisingly uh graphically intense. I don't know how they're doing it, but I'll do a deep dive on the djn channel. I won't do it here Etf run Any guest interviews coming up? Yeah, because question number five and then we'll take off I'm gonna have steve relic from uh voyager on this week So get your questions ready and we'll go from there and that's it. Look 18 minutes. I think that's pretty good Look if you like today's video first of all, thanks for stopping by. I appreciate vice day's video. Give it a thumbs up I'll consider subscribing everything talk about is time sensitive and that's it for today. So thanks so much for Stopping by I appreciate it and I'll see you on the next one