 Welcome to the Jalassa News, the top stories in crypto, currency, and Jalassets, and bring them down to bite-sized pieces. Today, it is Sunday. Little interesting stuff. First up, former Goldman Sachs exec says Bitcoin ETF will be approved, bringing billions, not millions, billions into the crypto market. And why I've been hearing this same song and dance for the last six plus years also. VeChain is fly blockchain tech for a Chinese food safety group that includes McDonald's. And the real question is, is this a real press release? Also, we're going to go over Q of the Day, where I'm going to talk to you about a poll that I just put out yesterday, which asked the question, if you had quarter of a million dollars in a nano ledger, would you be okay with throwing it away and reinstalling it from your passphrase? And we'll get into all that, but first let's go over what's going on in the market. So today, again, September 20th, 12 p.m. Texas time, high noon, let's see what's happening. Bitcoin almost at 11,000 yet again, but it slipped 1.4. And here we are at almost 10, 8 Ethereum down to 372. And there's something going on with Ethereum over at crypto.com app. This is what people have been sending me all morning. Looks like Ethereum is hitting a high of $79,519 and 23 cents. So I don't know exactly what's going on. I'm guessing it's a glitch just to guess, but if it is that much, I will see everybody later. And my channel is done. Now I'm just kidding, even if I was there, I'd still be doing videos, but probably just a glitch, but we'll see what happens and see what, who gets wrecked out of this whole situation. So who knows? Moving down, so Tether market cap 15 billion, but still at a dollar because it's a stablecoin. What are you going to do? That's how it works. XRP also a stablecoin at 24 cents. I'm just kidding, it's not a stablecoin, but it has really been there for like ever. Polkadot down 4, down almost 10% for the week. Ouchie down at 467. Bitcoin Cash to 25. And we just did a podcast or a YouTube video with Alex Massioli and a whole cast of characters this morning, one of being Roger Veer, Dennis Ray from a new exchange, which I'm going to get him on the program. It looks fascinating. And John Nangerian and Ryan. And we just went over a bunch of different things. One of those was the Bitcoin Cash hard fork, definitely coming up in November and how it's going to affect everybody. So I'll put a link in the description about when that video gets dropped. It was pretty interesting to me anyhow, but that's could be the reason why there's a little bit of bump and bumble with Bitcoin Cash finance coin down 4% chain link. Yeah, broke beyond the $10 barrier. Hoping that would stay, but guess not crypto.com up 3.6% even though Ethereum is crazy high. And let's see what else we got. Anything fantastic? Oh, where is the darling of the crypto world? There it is. Uniswap. $5 and 11 cents after hitting, I think a high around 740, 750. So Uniswap, I gotta tell you, I tip my hat to you for the way you did things and the way you are feasting or giving things out to the community. I appreciate that. If you don't know Uniswap was giving away 400 tokens to everybody who's ever used Uniswap and that's 60% of the tokens going to the community. So amazing. And that's how you build a community like Ray says. And couldn't be happier about that. So that's what's going on. Let's jump into today's top stories. First up, Goldman Sachs says Bitcoin ETF will be approved. I don't know how many years I've heard this. When I said six plus years, that's not true. I've been in here since 2017. So yeah, about four years, I've heard the same thing all the time. But also I did a quick video. It was called a message from 2012 where it had Roger Vera on there talking about Bitcoin and how there was going to be an ETF maybe next year. So that's where I kind of got that. I've been hearing this, this same thing forever and just never happens. However, we have never had the kind of railway that we have or the infrastructure that we have built right now, the people that are already in the space, the Paul Tudor Jones, the Fidelity, the TD Ameritrade, MicroStrategy, Data Analytics, just dropping half a billion dollars in Bitcoin. And all the different things as far as institutional investors. And that's what Alex Masculi always tells me. He's like, look, man, everybody's asked for Bitcoin. And that's just how it's going to be. That's all the big institutional investors. And he should know because that's how he does over at Bequant. He just loads up on institutional investors and brings them in, explains how to do things. So I trust that guy. And Raul Powell is the one that we're talking about here. And my friend Jerry, Jerry, if you don't know, he runs a pretty nice little YouTube channel and a podcast. And he had, he had Raul Powell on and they got into the whole thing about the ETA or the ETF. And this is what he says. He says, you're allowed to front run in Bitcoin. And I'm going to give you the biggest front running opportunity of your life, which is they will get an ETF across the line. All right. There will be billions of dollars that pours into it. And I believe that if it does get happening, there will be a ton of money. He says every pension plan will allocate some money to it. Every family office will allocate some money. And the more the prices go up, the more they will allocate because the larger the market of Bitcoin is, the bigger everything else is. So I agree with Raul Powell. Definitely that if they get an ETF and then it just makes easier for institutions and pensions and all the different things that are out there as far as traditional finance, they can get into it. However, the thing is you have to get that ETF approved and the way the SEC and everybody else works it, words it, it'll never happen. So it's either some of the top people have to get gone or somebody like Hester Pierce, who was a huge cryptocurrency advocate. She needs to step up and become the head of the SEC. That's the only way I see it. I think it's an old boys club and they don't understand exactly how far cryptocurrency assets are going to go and how it's going to pretty much swallow the whole field. So again, I can definitely it will be fantastic if this actually happens, but I've been hearing it for years. So we'll see. But Jerry, I will check out that video today. And you know, good job getting Raul Powell in there to squeeze the life information out of him. So great job. And let's move on to the next section. Next up, I loved reporting on VeChain because it makes some people's heads explode. But this one talks about VeChain to supply blockchain tech for Chinese food safety group that includes McDonald's. According to a Thursday medium blog post, VeChain joins the 130 strong member group as its only public blockchain technology provider, and will further provide technical and infrastructural support for member firms. CAFA is a government backed organization that falls within the Ministry of Agriculture. So why is this big? So CAFA intends to build a farm-to-table traceability system across China that would record the various stages of the food supply process on the blockchain. Why is that important? The reason why it's important is because not too long ago, this has been going on for years. This is one of the earliest ones I found. In April 2004, at least 13 babies in Fu Yang and Hai, I probably did a bunch of that. And 50 to 60 more in rural areas of Anhui died of malnourishment from ingesting fake powdered milk. And that's just one example. So if you are the Ministry of Agriculture and you're trying to figure out how do I make sure that more people don't die because of all these greedy people out there that are screwing over other people and it's leading to fatalities, well the best thing I could do is probably get on the blockchain. And who can we get to do blockchain? Well, there's this place called VeChain. It's in Singapore and there's a lot of things with tracking and traceability and making sure that frauds aren't going through and they can do a lot of different things and they have it all set up on their own platform. And it's pretty much like traceability in a box. So I don't see why they wouldn't do this. However, on the flip side to that, this was a medium blog post and just so you know, the blog post was written by the VeChain Foundation. And VeChain, from what I understand, a lot of people say that they are. They make up these different partnerships and they just straight up lie and there's a bunch of filthy liars and blah blah blah. Well, so what I did, I went to the China Animal Health and Food Safety Alliance, CAFA.org and I translated it all by hand. Now I'm just kidding, Google did all that for me. And what I tried to do was look at the news and look at what is going on. Well, Lex, let me tell you something that they haven't updated this since August 14, 2020. So I don't have an official report. And of course, everybody's like, ah, CA's told you there's just a bunch of filthy liars. Yeah, I mean, sure, there is no hardcore proof, but I will say this from now on, every type of thing that I get through here, I'm definitely going to double check because I just don't see an organization being that brazen just to outright lie and lie 100 different times about all the different partnerships. Maybe here and there, there might be like a little bit of, oh, I thought we were going to partnership. Oh, it's just that you're going to use our product, but it's not a concrete thing. There's different levels of what people would consider a partnership. Sure, I get it. However, if anybody's having any information on this, I would like to see some hard evidence either way, because that would be fantastic. So put it on the comment section below, I'd love to hear from it. And let's break into the next top story. Actually, next top story is me. And it all came down to this nice little poll that I put out on Twitter where I said, hey, if you had a quarter million dollars, could you throw away your ledger and restore it from your passphrase? It's a simple question, simple question with a complex answer. And I want to go over that in detail so let's jump on the office. All right, everybody, welcome back to the office. It's a beautiful Sunday here in El Paso, Texas. And this is our segment called Q of the Day. And this is actually not so much a Q. We'll be doing more of these, what's our statements. And I had put out a poll on Twitter. And the question was, if you had a quarter of a million dollars on your nano ledger, how confident would you be to just throw it away and restore it on a new ledger with your passphrase or mnemonic phrase? And the reason why I brought this up is because I was trying to explain cryptocurrency asset to a person that had no idea what I was talking about. So, of course, you know, I use the Bitcoin elevator pitch where I talked about, you know, Bitcoin is digital gold. Just like gold, it is scarce, but it's even more scarce, 21 million. You can send it to anybody to anywhere in the world for relatively no price. And you can do it under 30 minutes. So try doing that with gold. It's the best performing asset class of all time. It used to cost $5 or a nickel and now it costs almost $11,000. And it's why I'm heavily invested into it. And it's why a bunch of huge companies are getting into it right now, because it is a hedge against the constant printing of the government. So that was my little Bitcoin elevator pitch. And one of the things that they were asking me was like, well, how do I store it? I talked about the nano ledger. And they said, well, what if I lose a nano ledger? I said, look, this nano ledger, which I held up right here. And I said, I will break this in half right now. And I will throw in the trash. And I have no problems with that whatsoever. Try doing that with a bar of gold or with any kind of fiat money. It just does not happen. And I could do it right now. Wouldn't be a big thing because I have my mnemonic phrase. And this guy Eric, he's like, that's insane. That doesn't make any sense. So, you know, we went into the whole thing. But I thought to myself, well, if that's an issue for somebody who's new, how about some people who are not new, like myself or like people out there in the 20 verse or just like you watching this video, because I got to tell you, I got to tell you, I just transferred not just like a couple of weeks ago between 25 and 30% of my entire portfolio over to my Celsius wall. And the reason I did that is because I believe in the project. I believe how great it is. I believe in Al Shinsky. I talked about this a number of times. I don't want to go over it again. But I totally believe in it. Another problem was when I did it, I was sweating bullets because I'm like, that's a lot of money, you know, transferring back and forth. No, I knew in my mind, I'm like, well, it'll be okay because I have my passphrase. But there's always something in your head that's like, you know, maybe it's not going to work. So I put out that, that poll and the results I got back. And there's about 300 or so people, 318 votes. And about a quarter said, this is no problem. 28% said, I have no problems with that. Even if it's 250,000, I'll get it back. No big deal. I think half those people are liars. Nah, I'm just kidding. I do think a certain percentage, like if you're like, hey, break this ledger in half and throw in the trash, and it's a quarter of a million of your money. Well, they'd be like, yeah, no problem. Click off you go. I mean, a good amount probably, but I think some maybe not. And then next, next close one was 30%. It says, I'd be a little nervous. And then the last one which took the bulk was I'd be sweating bullets at 34%. And then the last one was nope, not even going to try it. That was 8%. So the vast majority, what I'm seeing is either they have a little nervousness, a little apprehension to doing it. And some are just like, I'm not doing that, which is weird because like, that's the whole beauty of the cryptocurrency assets is the, you know, to store them on a cold wallet where they are completely safe. And all you need is that, that passphrase. So if even me, like I'm a little bit nervous as I, as I move things around and I'm nervous to actually, if, you know, if Eric would have called me in my bluff said, okay, well, we'll break your ledger. Let me see it. I would have double checked my passphrase. That's all I'll say. So I thought there has to be a way that we can all go in there and double check our passphrase. And thankfully there is a quick download that you can use in ledger live where you can check your passphrase to double check to make sure it works. So if you do lose it, then you can bring it all back. So I'm going to show you exactly how to do that. And that is the first problem. The first problem is, you know, just being able to restore it. The second problem I see is transferring and spending. So we have to get used to that at some point because when the bull run comes, you know, it's going to be a little bit difficult just to these little tiny transactions here and there. We have to get used to it. So to transfer, of course, you can transfer it anywhere you want to. I'm sure you have another wallet, transfer some of the wallet. I'm not saying to transfer everything like I did, like 30% of your portfolio, but just get used to it and it should be okay. The next thing I would recommend, this is just me being me, is donate. Donate some Bitcoin to one of your charities. I'm going to show you a fantastic website which lists a ton of charities that takes cryptocurrency and I've double checked it for the validity of it. And one of those is Water for Uganda. So if you just want to get used to actually spending it and you want to spend, you know, throw $5 or $10 to any of these charities, hey, so much the better, right? So let's start with the first part. Let's go back. Let's go into Ledger Live and let's take a look at that app and I'll show you exactly what I'm talking about. Okay, so here we have back to back. I have my Ledger Live app open. And just to be clear, Ledger Live is the app that allows you to see how much cryptocurrency and assets you have contained in your Nano Ledger cold storage device. So this is just Ledger Live is just the app that allows you to see that. And just to be crystal clear, don't download Ledger Live anywhere besides the official Ledger.com website. Don't go to Google. Don't go to some other crazy websites like this is the Ledger and just get it from the official website. That'll save you a lot of heartache. You won't lose all your money. So this right here is from Ledger Support. And there's three steps for to install the recovery check. So the first thing I'm going to do is open the Manager in Ledger Live, which we are in Ledger Live. Let's open the manager, which is on the left hand corner right above by crypto. It says manager, we're going to click on that. And then we're going to unlock our device. So my device is hard connected to my MacBook Pro by a cord. Some of the different Ledgers, they are connected by Bluetooth, but mine is old school. So I'm going to enter in my special pin code and it's going to load. And here we are. So we are in manager. Here's the app catalog. Here's all the apps installed. So we're going to go to the catalog and we're going to type in recovery check. And there it is recovery check version 1.0. Only 32 kilobytes, which is great because I've only got 40 kilobytes free. And that's the difference between a Nano S and an X. X has a lot more. S just has a limited amount, but hey, I don't need that much. So here we are. And besides, I have a couple of these, actually, I got five of these, and they're great. So I recommend not putting everything on one Ledger because if you lose it, what a bummer that would be. Or if you lose your recovery phrase, that would be a, that would suck. So, you know, space it all out. It should be okay. All right. So we're going to install this and we are done. So now we're going to move on to start the recovery check. Connect and unlock your device. Done that. Navigate to recovery check. And it's going to look something like this. And we're going to open that up. Both buttons to start the recovery check. Sure. It's going to say, check your recovery phrase. We're going to double click. And on the device, on the actual Ledger Live, it may say connect and unlock your device, but it's already unlocked. So it doesn't matter. This will just keep going, going, going. So I'm doing everything on my Nano Ledger right now. And it's going to ask you two things, actually three things. Excuse me. It's going to ask you, do you have a recovery phrase with 12 words? Do you have a recovery phrase with 18 words? Or do you have a recovery phrase with 24 words? Now, obviously, the more words you have, the more secure it is. But for mine, I actually have a 24 word phrase because it's the most secure. And why not? Right? I got time. And I have written my recovery phrase down in two places. One is this Shield Folio Stonebook. If you haven't got one of these, they're fantastic. Should have a link somewhere in the description. Or just look for shieldfolio.com, Stonebook, cryptocurrency. And it's pretty cool because it's smear resistant, water resistant. It's not fire resistant, but you can write everything in there and stays for quite a long time. Also, you can also write in invisible ink and use a blue light underneath to actually show your words. So that's kind of like James Bond-ish cool stuff. So yeah, not too bad. So what I'm going to do is I'm going to use my Nano Ledger and I'm going to enter all these words in just like it says here under step two, number four and five. So let me do that right now. And just a note, you don't have to spell out the whole word. If you give it like the first two or three letters, it'll just give you like a little rolodex of different words that it could be and pick the right one. So it doesn't take too long, although it does take a long time. I'm going to go off to word number two and three and so until I get 24, I'll be right back. And when you're done, it'll say processing and I'll go through the whole rigmarow. See if you did that right. And I got to tell you, it took me about, not about seven minutes or so. And it's going to say the most beautiful word, words. Hey, guess what? Recovery matches. Checkmark, baby. And that's it. So we have double checked and that is the recovery phrase that actually works. So I'd highly recommend you to do that just to make sure everything is good. And just like it says here, number five, recovery phrase matches displayed if you've correctly saved recovery phrase. Number six, use the manager to uninstall the app. And the only reason is because not for safety, but the app is particularly big. There's no use in keeping it on your device once your recovery phrase checks. So I'll just do that later. Actually, I'll do that right now. And if you do get an incorrect recovery phrase, follow these steps and show you didn't run recovery check with a pass phrase enabled, make sure the correct recovery phrase link this selected. That's why I went from 12, 18 and 24, enter all the words, verify the order of the words, enter the advice matches the order right on your recovery sheet, and check all the words recovery phrase are on the BIP 39 word list. So you can take a look at that. It's all the different words that are acceptable, which you should have written them down correctly. But you know, sometimes there's a little bit of a difference between like a word like apple, saple, Snapple, I don't know. So just make sure on that word list and then they kind of help you jog your memory. If you're like, Oh, I wrote down Snapple and it's really Apple. So there you go. So let's delete this. Shall we log back in? And there we are. So what do we got apps that are installed? We got this recovery check. I don't need this anymore. I'm going to install that. And then there you go. I got a whopping 100. Well, no, I got 40 kilobytes free, which I got to tell you, you would think that I mean, there are thumb drives out there that it's like two gigabytes, they're about the size of this thing, and it can only hold how much 156 kilobytes? Well, it sucks. Maybe they can work on that. Who knows? I mean, they got the X out there if you want to get that. Also, if you're looking for an analyzer, I think they're having like a 20% discount. Do not quote me. They have sales all the time. I always forget because they always tell me, Rob, make sure you mention your videos. Make sure you mention I always forget. So just look at the description in my videos. There'll be a link to an analyzer. It's under the essentials. And just go pick one up or three or like me and get five because I'm nervous. And that's the big thing. Okay, so that's it. So I don't know which way you want to go. If you just want to transfer things back and forth to a wallet or if you want to give to a charity, you'll always feel good when you donate to a charity. I don't know. It's just people helping people. So that's up to you, whatever you want to do. I'm not here to make anybody do anything, but I'd appreciate it if you did. So that's it. Let's jump back to regular video. Okay, that's it. So thanks for watching all the way to the end. I really appreciate it. If you're looking for any type of alternative to Coinbase, if you're new to the space, Coinbase is great for just getting your feet wet, but sometimes those fees are a little bit high, not as high as Uniswaps, but there's other options out there for you. And if you've listened to my channel for a length of time, you know that when the bull run hits, you have to be prepared because last time the bull run hit, Coinbase shut down for new people to get in. Same thing as Binance and same thing as other different exchanges. So you must get as many exchanges on board for your on and off ramp. So if you look in the description, there is a link to this spreadsheet. Looks like this. And from there, it breaks out all different wallets and exchanges and decentralized finance out of things that I have used. I personally have a one-two punch, Voyager and Celsius. Voyager is very easy to buy from. Celsius is very easy to gain interest on the cryptocurrency that you keep on their wallet. So I like both of those, use them pretty frequently. And Celsius, so far as you know, I've put in almost 30% now of my entire portfolio. Going across, you can look at everything from Gemini, Gemini Pro, Binance Uphold, Uniswap, Kraken, Cash App, eToro, don't recommend that, and Crypto.com. So if you want to use the affiliate links, you don't have to. You can go right to Gemini or right to whatever, Uphold or Coinbase. And you can go right there and sign up. Or if you use the affiliate link, it'll give you between 10 and 25 dollars. So totally up to you. And that's it for today. So thanks for sticking with me. Really appreciate it. And I will see you on the next one.