 Great. Welcome to Jalassette News. Take a top stories in crypto and break them out of bite-sized pieces today Just as the thumbnail suggests we're going to take a look at Goldman Sachs Getting a little bit more in-depth into Bitcoin and a report that came out that asked the question Is Bitcoin more than a store of value? So we'll take a look at what's going on there First though, we'll take a look at essentially the market Then we'll take a look at that second story of the Goldman Goldman Sachs The earnings as far as like what just happened and why their stock actually fell and what they're going to get into Then we're going to talk about the fact that I'm biased and I don't die make no bones about it I'm biased to talk about the things that I invest into I'm going to talk to you about Gensokishi and then Next to last we'll talk about how a crypto exchange is going to buy a bank And we'll see the finality of that in the next couple months and lastly we'll go over your top questions So before we get into all that stuff, let's take a look at what is going on into the market So today it is the 20th. Oh my god the 19th, and it's 1130 beautiful day here in Puerto Rico, Guainabbo And here's what we have as far as the market itself So a little bit better than what it was yesterday and we saw and yesterday we talked about the correlations And of course I feel there's a correlation between the traditional market in this space because so many different institutional investors are getting in It only makes sense to me. I could be wrong. That's just how I see things and then of course today We're up a pretty good amount. We're at the Mario cap dip below two trillion yesterday Now we're at two point one hopefully on the way back to that ever elusive three trillion Which we captured not too long ago in 2021, but here's what we got so last 24 hours and last hour even we're up Pretty good bitcoins up 3% Solanas up 2% last 24 hours Cardano 0.3 1.4 and 24 and anything big that went up 4% for near if you're messing in your protocol Congratulations phantom the layer 1 solution or layer 0, which everyone I call it up 10% in 24 hours 16% in 7 days that thing is going to be a monster fcx token making some pretty good play 10% for theta. They're doing more things with a metaverse I think that's one that I'm glad I actually hung on to I think it's gonna be big But that's just me that investment advice. This is just investment opinion And then also we got another one down here called stacks and stacks is what brings Smart contract functionality onto the Bitcoin blockchain and that's gonna be pretty big 7.7% Last 24 hours up almost 7% in 7 days. So looking like we're doing pretty good So what is the whole thing today? What is going on? Well? I will tell you We take a look at some On-chain analysis will skip that I don't want to log in What we really intend to take a look at on chain analysis is fine The same thing is happening a theorem is being taken off the exchanges. So as far as Bitcoin as well but Like we talked about I feel like everything's kind of a little bit correlated So we had a little bit of a of an increase here for the S&P For today and then I went down a little bit and we take a look at Nasdaq Which is more tech heavy. It's looking pretty good today So I think like as we see more things going on with the traditional finance I think kind of bleeds over into our place and that leads me to my next point Which is what we're going to talk about Goldman Sachs their earnings and they're talking about Bitcoin. So here's what we have This is by a newsletter. I always get it every day daily upside and It talks about how Goldman Sachs profits are weighed down by big bonuses and Subpart training and when I read this to you and we talk about this just remember just how much these guys are actually making There's nothing wrong with that I mean you can make as much money as you want to as far as an executive But you can kind of see how things are kind of layered out at the top and that's what the centralization is hoping to remedy so Goldman Sachs real 2021 was easily the most profitable year in its entire history For which executives are swimming and bonus payouts again. I don't care what they do good for them Earnings fellow were worrying some 13% though in the last three months of the year Why it was all because of their trading team apparently trading team didn't meet up to its expectations And trade the wrong things got into the wrong deals and it was down because of them solely well at least the most part And then because there was a record profit of 21.2 billion in 2021 And it was boosted by a global deal-making surge that lined the pockets of investment banks And they were actually called on do like to talk about mergers and acquisition IPOs and deals for which they were a part of those deals Revenue at the banks stock and bond trading unit which made a killer off-market swings in 2020 Fells 7% year over year to 4 billion missing analysts Forecast and that's why the orange report came out and it was a little bit lackluster And that's why you saw the actual stock for Goldman Sachs drop a little bit and that's what happens So what are they gonna do? Well? Look in that second So this is what it all comes down to because a weaker trading environment and then generous compensation the most costly expense at Goldman Sachs and their banks uh Goldman's compensation costs went up 33% because of the monster year they had and they paid out 17 almost 18 billion 2021 18 billion signaling big bonuses For a record year so it really came down to Goldman Sachs Did have had a pretty great year Unfortunately the train just didn't work out too well for whatever reason so then you got to take a look at well if we know or the hypothesis is that next year going into Traditional markets and equities We're not going to be as strong because you know the Fed bailing everybody out different things happening So what can you turn to and what can you do? Well, there's another option out there and it looks like something like this Which there was a report put out on january 5th I found this very odd the timing of it all but it is what it is Goldman Sachs says bitcoin will compete with gold as a store of value And this is all from Goldman Sachs analyst zack pendle said in a research note to clients to all clients Hey Just so you know bitcoin's looking pretty good And it's going it's doing pretty well even though there is some volatility But maybe you could replace some of the store of value and beyond So this is what he says he says bitcoin will most likely become a bigger proportion or Share over time This was a list of their 2022 predictions and they even think that it's going to go to $100,000 In a hypothetical scenario in which bitcoin grabs a 50 share of this market as far as store of value It could reach over 100,000 Maybe that's why I didn't put it in the title or in the thumbnail because it's just dumb Because people will always put out like 100,000 price predictions and things like that I think that we really shouldn't get caught up in these price predictions because when we do Even I fell victim to that then we start to have expectations and we have expectations for a certain price number We don't meet them and they're like, ah everything's falling the sky is falling But if we just take a zoom out and just take a look at everything like well, hold on wait a minute You know the s and p 500 which is what did a stellar year only hit 26 27 percent Hedge funds out there that are supposed to beat that only four of them beat that And then if we take a look at gold and different and oil and didn't like that Uh didn't really do that great compared to crypto and digital assets So if we just kind of get away from these price predictions and just go well, this is what my portfolio did This is what's going on. I think we'll be in a much better place We don't have to hype up everything. This this space is too much hypey And I think it just gets gets away from us. That's just me Let me only think about that in the comment section probably not a popular opinion, but it is what it is so moving on To finish this up bitcoin they state may have applications beyond simply a store of value And digital asset markets are much bigger than bitcoin But we think that comparing its market cap to gold can help put parameters on plausible outcomes for bitcoin returns And of course every time they talk about this I have to bring up My visualization which I love to say and I know you guys are sick of seeing it But it is it is true like this is this is actually two years old This was this was a great actually opportunity to zoom out Look at this these little squares right here are a hundred billion a hundred billion And this was crypto in 2020 200. Look at that the total value of all crypto is now 244 billion 240 we now 10x that we're at 2.2 trillion. It's pretty good. So if we take a look at that here is the world's gold Uh at 11 trillion dollars and before any of the gold bugs shouted me about how wrong I am about bitcoin I own silver. I own gold and I own bitcoin. I own a lot more bitcoin I still don't understand why everybody's so up in arms and you can't own both Or or the trifecta if you really want to or hey even little uh stocks I just don't understand the uh the debate so Of course if you get into 50 of that Well, let's say 5.5 trillion world. We're at 2.2 trillion. Of course, bitcoin's around 800 billion dollars I don't see why not especially we take a look at all the money that's in the world stock markets around 90 trillion The money supply which is a lot more now 35 trillion debt is over 200 trillion global market is like 370 oh, sorry 280 trillion global wealth 360 trillion and derivatives, you know all those great things So if it is Uh One quadrillion, which I didn't think that was actually a real number until I read this But yeah, it's a real number So if we take a look at those things that's where we could be going I think uh as far as like moving on beyond a store of value Using bitcoin as far like smart contracts as far as stacks city coins. Uh, miami in new york are doing that I think it could be a pretty big play So let me know what you think about that in the comments section And then uh before I move on just as a quick reminder Last year was a pretty great year. So if you have a ton of profits And you're in the us, this is just for the us for right now I remember You got a crypto ira and itress capital You can still designate part of your crypto Into itress capital or you can still sorry. Sorry. You can still allocate funds into your uh roth ira From 2021 all the way up to the april 15 2022 just so you know and then also If you're having problems with uh taxes, this is what I use crypto trader dot tax links in the description Looks something like that use those three things and that's it So let's move on to the next piece Or I tell you the truth, which is i'm biased so On this channel just so you know I'm super biased like uh, I usually talk about all the things that I invest into so i'll talk about bitcoin I'll talk about ethereum and i'll talk about cardona and i'll talk about solana and i'll talk about I don't know everything else that I have Tons of different things so When I say these things and I talk about it just so you know like I own everything that I can even get my grubby hands on And this is no exception. So when we talk about crypto and digital assets these These assets whether they be For store values whether they be for smart contracts layer one solutions layer two solutions and things like that It gets kind of dicey because there's a lot of different uh parts in there And it can really depend on the different global parts of it But this is a one play that I think can do very well and it's gaming It's gaming and metaverse plays and we had talked about this in a video We did about a month ago december 15th Yeah, roughly a month ago and it was called ginsukishi online I know you're probably rolling your eyes right now because on this channel. We don't talk about it that much This video I did was over at digital asset news clips And I do a lot of things over there Where I just talk about the up and coming projects because it's not Doesn't kind of fit into this format But I wanted to bring this forward because the news today is this Uh ginsukishi It was sold on trust pad where they do all the different things as far as like bringing new Projects to it and they sold out in 20 seconds And the reason why I think ginsukishi is going to be pretty well again I invested into it just so you know that It's because Unlike the other games that are out there and there's a lot of good games coming out But ginsukishi they already have they already have a game that they put on Nintendo switch because they've been around for like five Seven years plus so they already want an antenna switch on playstation on ios or apple and uh on android So when you see these they already have a built-in audience They're like, hey, you like these free-to-play games Well, why don't we give you guys a opportunity for play to earn and they're going into blockchain gaming and metaphors play So that's why I think it's going to be pretty big and they this is Just an affirmation of what's going on there. So i'm not going to talk a ton about it But there's a deep dive. It's up to you to decide if this is something that you think could Be added to your portfolio But remember do your own research because maybe you're like robs and moron and he doesn't know what he's talking about That's fine. Don't invest into it. But I bring it to your attention because I do really believe Gaming and metaverse are going to be pretty darn big And you don't have to worry about the different things that are going on the traditional markets and the regulations And the banks in all in congress and all that junk that goes on over there You just play some games and get paid for it. Anyhow, let me know what you think and uh, let's let's switch gears And talk about the good old stuff, which is banks Regulation and bitcoin. So this is a pretty good one from blockworks Bitmex exacts. They plan to acquire one of germany's oldest banks So bitmex is top brass laying the groundwork for the company's european expansion And this is the thing like if you're going to expand it's better just to buy up Uh an existing infrastructure than build your own, which is why I was so happy When voyager did the same thing with the uh, french exchange, but they're still Taking their time to get into the into the eu but hey Bitmex looks like they're doing okay because they just bought a bank. So bitmex CEO alexander hopner. I can nail that Uh talks about the acquisition of this 260-year-old bank as a first step toward creating a one-stop shop for regulated crypto products across germany austria and switzerland Combined the regulated digital assets expertise of bank house bonder height. I'm pretty sure I know that one With the crypto innovation and scale of bitmex. I believe we can create a regulated crypto products powerhouse In the heart of europe. So first of all, I don't know how big that bank is. It could be very small It could be very big. I have no idea. I don't live in those in those places I try to look it up didn't really have much information. I don't really care how big the bank is What I care about is that the crypto this bitmex gets into and goes look We want to expand our tentacles our reach into the eu We don't have that ability because we have to jump through all the hoops for the different regulators Let's just buy a bank We'll run it all through you guys and it can be like super simple. So that's what they did probably cost me a couple Billion I don't know. There's no details, but that's what makes sense to me So I don't care about right now like well rob if the bank is small I have no idea they're like well the bank that doesn't matter because the bank small cares As long as they can get in there and the regulation they're set and they can kind of just get out there People want crypto digital assets. They see how much it actually goes up They see it actually and hopefully if you get enough education, they understand what's going on And they really want to invest into it. So in this situation so much the better I'm happy for them. So to finish this up the announcement is in line with a growing trend of crypto companies Expanding in traditional into traditional banking services like coin mason crack and now offer lending and prime brokerage services And this actually Is not going to be a popular opinion, but I'm sorry. Here's what happens So this was they were referencing this article. This was back in may 28th And What it talks about here is a smart way to do things And they just pretty much say like look, we're going to go bearish and when we go bearish we have to build bearish build a bear whatever and To me This is how things get done. There is no get rich quick scheme. There is no easy work It's all hard Whether that be physical or mental and this is what you have to do great article It says there's and there's going to be a bear market at some point We're here kind of right now. Let's just be honest and everything will be down And let me just reiterate something before I go on before everybody blows up Um, when we talk about a bear market, there is bearish sentiment out there I'm not talking about a a winter a crypto winter which is going to last for three years like last time But let's be honest, uh, we have gone down precipitously From the high of around 69k bitcoin with a market cap of over 3.2 trillion 3.1 trillion dollars And we're down about 40 and it's been quite some time now. We're going to go up and down with that, but it's pretty much A bearish market. Can we all agree on that? Can we agree on that? Uh, could it flip tomorrow? Sure. It's crypto I have no idea So when we talk about these things, this is the time when everything has to be built And this is the time for me to dollar cost average and of course I dollar cost average in dollar cost average out Take a little profits along the way have some dry powder afford things like this and everything's good So getting back to the article And they say that's the time when you really are building the foundation for the next cycle or the next bullish sentiment we'll say Coinbase reporting record q1 earnings early this month and this was again and this was uh in may But warned investors that a dip in crypto prices may lead to Disappointing numbers going forward and this is a smart thing from coinbase We seek to operate the company at roughly break even in terms of profitability Smoothed out over time for the time being and that's what they told their shareholders right now is the time for crypto companies to focus on the infrastructure and services that will be essential and supporting the next run It's a lot of infrastructure work. It's a lot of building relationships with the projects and regulation And building those services so that when they come back around we can scale ourselves. So look And this is probably not somewhat what people want to hear what a lot of people want to hear Is they want to hear the moon is coming? And the price of bitcoin this price prediction is going to be x y z and it's going to really go out And you're going to have your your riches and your lambos and whatever else could that happen tomorrow No, I mean I'm not even saying that's ridiculous. Could it happen in years to come? Sure Is it a get rich quick scheme? No There is no get rich quick scheme. I know like These types of things we talk about people sometimes don't want to hear it But it is the truth and I wish somebody On youtube would have told me this when I got in 2017, which was rob You know, it doesn't happen overnight There's just this plan that you have to have follow your plan Dollar cost average in have a little faith and then just look out when in doubt zoom out and that's the big thing So that's it. So look we did that 20 minutes. Dang. I was trying to do this under 20 minutes. I missed it So let me know what you think about the comment section. Let's go over The five questions. So I'm just going to take five questions at random answer those And then we'll get out of here. So what do we got? First of all, thanks everybody for coming in. I appreciate it It's going to moon these aren't questions another 30 15 days of sideways use it wisely. It's a good point Jason Jason that's a good one I'm the captain now, right anything Thoughts on amp, uh, I keep hearing that There's some kind of thing going on with amp and amazon and no one seems to be able to verify that So I mean it could be a good play But again, if you're just focusing If you're focusing your whole investment strategy on a potential partnership that may or may not be announced It's probably not a great idea I always like to take a look at the UTT take a look at the utility Does it actually do something take a look at the tokenomics? Is everything going to the founders and the team and then just a little bit is going out to the people and then also Take a look at The tech just to see if there really is something to that it's actually good there Or sorry the team and see who's behind it tech and team. That's what I would do Jesus a lot of question about amp. So there's one And this is a good point Travis that's a mighty mustache says we need to shake out the leverage boy still. Yeah Well, if you're going over to leverage depends on what you're doing I I always talk badly about I don't talk badly But I I am concerned about the leverage plays but people remind me like rob you understand Uh, what I did was I shorted the market and uh, I leveraged play and I made a bunch of money Good for you and uh, hey if that works out Hopefully it keeps working out in that in that long run But I think I'd say I lived in Vegas for a couple years and everybody would always tell me about their big wins on the poker table But they never talked about their losses Just saying Coleman sacks mafia. Okay ah Jerome if you ask me this again, I will ban you from this place thoughts and assembled protocol I don't have a any thoughts and assembled protocol That's it And don't spam the the comment section. Jeez. There's like 20 of you in here Ugh, okay So there's three or is that two? XRP and sec. I've always said this before this is four Um, it's gonna take a long time. Now. This is a this is probably a three year Litigation I've been sued before and it took me roughly that much time. This is a on a much bigger scale. I know Uh, there's been people talking about how they're they're looking to go into They've already gone through discovery The question then is can they meet in the middle and make a deal with their mediation? And uh, maybe but I don't see that actually happening I think the sec wants to prove a point with ripple and I don't care if you are a fan of ripple or a hater of ripple You really should be rooting for ripple In this and give them all the support they can because I think Whichever way this goes is going to shift The market this is going to be awful for the market if they come in and say Well XRP is a security. No now. Well, let's just get some let's just get some clarity, right? This is what a lot of different people who have told me that are behind projects They go look we don't care what you call it. Just call it something now. We know where to go Securities you can get securities all day long on robin hood. They're called stocks So why don't we just say all right fine security just go from there? It'll be a big pain in the in initially but not for us Big pain for the projects, but I mean we might have to do that. All right James at a amazing video on bitcoin mining companies. Yes, he did. I saw that I should follow us check it out Yeah, might be a good one if you want to get into bitcoin by proxy and last question Oh, this is a great question Wukim says hey any future meetup scheduled? Yes So we're going to do another meetup here in portorico. This will be next wednesday and I need to do some some Some reservation and take a look at it at a place called the smokehouse I got to reach out to that guy and see what it is. So that'll be today is say wednesday Today's wednesday so on a week. So I'll tell everybody Hopefully by this weekend Where it is when it is and all that good stuff and that's it So look thanks so much everybody for stopping by appreciate it if you like today's video go ahead and give it a thumbs up there's a Just click on click on the thumbs button Subscribe and all that great stuff. So that's it for today. Thanks so much for watching. See you on the next one