 Welcome to Digital Assets News. They get top stories in cryptocurrency digital assets and break them down to bite-sized pieces today. Another great day and a top story of billionaire investor Novigratz, Mike Novigratz says Bitcoin will hit, check this out, 14,000 by October and close the year at $20,000. We'll see. Also, Cardano is on fire and they bring in 500 and other stake pools a day after the Shelley launch. This is going to lead into a pretty important question which was posed to me by Christopher as I do the question of the day, which talks about how do I take Cardano off of the Voyager app and into my own wallet so I can actually stake Cardano and make some free money. We'll get into all that but first take a look what's going on in the market. Today is the 31st of July and it is about 10 a.m. Texas time trying to get these things done early. I'm going to go golfing today and see how that works but looks like we got Bitcoin doing still pretty good, up 3%. That's amazing and for the one week 17.6% so not too shabby. Ethereum 24% over seven days, 7% in a 24-hour time frame, 343, that is fantastic. XRP, hey, XRP is doing good so XRP army must be happy, 25 cents. Tether is tether, Bitcoin cash up, Cardano down for the day which is kind of odd, all these different things going on but that's how it goes in cryptocurrency. When you have these different projects they're going to launch a mainnet. There's a pump and a pump and a pump and as soon as that mainnet launch which really shows that there's a lot of hard work, there's a lot of dedication, things are going to progress, everything just gets out because they're like, hey, I already made my money so I'm going to get out. That's a good time in my opinion, depending on what project you believe in, to actually pick up some discounted coins because if all these pump and dumpers are like, hey, I'm just here for the money, then fine, get away. You've made your money, go, I'll pick up all these cheap coins and I'll see you on the back end. So just my opinion, not trading advice or financial advice or anything like that. Bitcoin SV, 8%, everything's up and looking pretty good for the day. Even Chainlink which I keep getting, I get every so often messages about how Chainlink is a scam and da-da-da. If you can tell me how it is a scam, please let me know because I know there was an article out but I just don't see it. Like, does it not work? Does it not do anything? It just sits there or is there actually something happening? Because I got to tell you, if it is a scam, they have duped a lot of partners and that is an amazing thing. So let me know exactly why Chainlink is a scam in the comments section and I will tell you this. I was listening to Ivan on tech. I can't remember. It was yesterday or a couple days ago and he was talking about Ethereum just hit five years and he talks about how he's a big believer in it and whatnot but he said, he goes, I was around when Ethereum first came out and all the Bitcoin maximalists said, it's a scam. It's not going to go anywhere. It's useless and the only thing it's created for is to steal your Bitcoin and he said, I remember it like it was yesterday and it's amazing how in this space how everything is a scam either for one reason or another. But really, there's only so many scams out there. I mean, you can have a project that really does well and just doesn't work. It's not a scam. It's just a failed project. It's like a small business. I mean, you can't say like, Artie's fries down the street is a scam because he just sucks at marketing. Just that he sucks at marketing, he couldn't get people in there. I mean, the food was not a scam or whatever else and here, I mean, sometimes just happens. Now, BitConnect is a scam. Okay, we can all agree on that. But to call everything a scam, it's just kind of disingenuous and it just kind of tarnishes the whole thing. Me personally, I kind of wait and reserve judgment. If it is a scam, then I'll be the first one to call it a scam but I don't care what makes it. I just don't care. If it's my coins or some or other coins that I'm not invested in, whatever, because it's good for the whole community, just like we always talk about. As the water rushes in, all the boats rise and it's good for everybody. So yeah, let me know in the comment section and let's move on from there. First up, my man, Mike Novigrat says that Bitcoin is going to hit 14K by October and close at 20K. My first read this, I was like, Mike, Mike being Mike, but as I was looking at the prices just now, I'm like, yeah, got a good point. So let's break into it. So as the traditional finance system continues to struggle through inflation, Novigrat is saying that the result will lead to Bitcoin to hit new highs, 14K in the next three months and go up to 20K by the end of the year. So yeah, we'll see if that actually happens. I sure hope so. But who knows? I mean, you can listen to anybody out there. You can listen to Dr. Doom. He says it's going to go to zero. You can listen to Mike say, you know, 14 and 20K, you can listen to some TA person who are all out there and say that, no, it's going to go this and do that. I don't know. Obviously, no one knows. But I can just tell you this, I know it's going to go up in the long run because I believe in it. So he states retail interest according to CEO has moved from the stock market to Bitcoin, hence the current bull run. And he says Bitcoin still has a lot of retail interest in it. A lot of that retail interest shifted to the story stocks, to the tech stocks, because they were just more fun yesterday. You saw a lot of money shift back over to gold and Bitcoin. And I got to tell you, there's a lot of money flowing into the stock market for whatever reason, which is odd because, you know, our GDP is going in the toilet as far as America goes. And then globally, this hasn't been that fantastic either. So it is amazing to me to see the stock market and people just invest and invest and invest. And I don't know if it's the right thing. I mean, I'm not going to say anything about that because it's up to you. It's up to them. But I mean, when people hear about the story, you know, I'm sure they want to get into Tesla. I'm sure they want to get into Amazon. I'm sure they want to get into those big story tech stocks. But once they hear the story about Bitcoin and where it was and what it's going to make it awesome, I think people are going to, you know, come into it in droves. And that's why, you know, like when, when I tell the story to my friends, I got caught short in this, trying to explain this a little bit ago. And I was just all over the place. I sound like a maniac. So I just made this, this pitch and we talked about it, you know, about two or three weeks ago. And I just say this, when people say talking about Bitcoin, which is more and more a matter of fact in these days, I say, look, it's digital gold. Now, when I say digital gold, because that's easy for people to conceptualize, like a gold, digital gold, got it. It's scarce. And it's like market insurance. Unlike gold, which you can't send, you know, it's very difficult to send and cost the armory and it's kind of cost your arm to get out anywhere. You can send it to anyone within minutes, anywhere in the world for next to nothing. It's the best performing asset class ever. It's better than gold, oil, or any stock ever. And it used to be worth a nickel, and now it's worth about 11,000. And that's just what I say. And then they can ask me more questions later on. But I think the big thing here is the best performing asset class ever. And if you ever want to show somebody, you know, like just how exactly Bitcoin and actually Ethereum, this one, how it has done over the last, you know, 10 years or so, just show them this video. I had made this about a month ago or so. And it was just, well, I got it from James Adoro MD and just throw a little music and I sped it out because it was just way too slow. But you can just see like how, okay, we got Google, Visa, Amazon, Mastercard, Netflix, Domino's Pizza and Lululemon, which was crushing it in 2012, Lululemon. And then if you just kind of speed it up, you can just see Bitcoin. Wow, it went too fast. Here's Bitcoin here. You know, not doing so hot, 29%, 30%. And up there it is, 1,000%. And then from here, it just takes over. And, you know, Domino somehow flips them every so often. But after December 2013, you don't see anything until Ethereum starts to rise up. So I'm just going to fast forward this and you can see it. And you can just show them this video and you can say, look, I know what people are saying, you know, they say it's a risky asset. But well, the last 10 years, not too shabby. So if you want to get into something like that, that's what I'd recommend. And that's what I tell all my friends right now. So any who back to the story. So to finish up, he talks about the stimulus checks. And if you don't know in America, we're going through another round. It looks like Congress has tentatively agreed to type of deal. And it's going to be the same type of stimulus checks about $1,200. And he states here, the second stimulus check of $1,200 is about to go into circulation. The multi-billion dollar package will add to liquidity and cause investors to turn Bitcoin for safety. And I think that's why gold has been skyrocketing because it is a hard asset and it has a finite supply and it's been used for thousands of years. And the monetary policy is set unlike what the Federal Reserve is doing. So I see Bitcoin going up, only going up. The CEO, like many other Bitcoiners, this was interesting. I didn't know Mike had this much money. He has put in a significant amount of money into Bitcoin. 20% of his net worth has gone into Bitcoin. But with gold, he says he's only about a 5%. And he was a huge gold bug. So he had someone who says, you know, one out of $5 I have, I'm getting right into Bitcoin. That's something that's that shows me that he believes in it. So I like that. Let's move on to our next story. Next up, 500 stake pools, which is going to lead to our question of the day. So what's going on here? So Cardano Shelly Upgrade has seen fast growth. Hundreds of stake pools join the network within 24 hours after its July 29th loss or launch. At its post launch peak, Cardano had 491 stake pools in operation, according to press release. However, that number is constantly changing and was currently at 416 active stake pools at the time of writing and crypto briefing. I gotta tell you, fantastic website, really good reporting. That's going to be one of my new faves. So this is from adipools.org. So let's take a look and see what we got for stake pools. Right now, bam, 502. And you can take a look at all the different Cardano pools, the shares per stake, fees, tax average pledge, one million pledge. Amazing. It's a lot of stuff. And I didn't I didn't look down here. So jeez always. All right, not too shabby. So yeah, this is definitely going to lead into our next section. So stick with me. All right, Cardano's test net statistics may predict future participation of blockchain. As of June 22, the test net had over 1000 or 1061 registered pools, 96 active and 12.9 billion Cardano state. That's huge. And to finish this up, how far are we? Yeah, finish this up. Cardano is the or decentralization is the goal for Cardano. Cardano aims to achieve maximum decentralization by encouraging the community to distribute its wealth across a large number of stake pools. In this regard, Cardano's closest competitor might be Tezos, which has about 425 active bakers, with whom coin holders can stake their crypto with minimal effort and maintenance. ILHK, company for Cardano, argues that mining based blockchains do not have this sort of decentralization on on Bitcoin and Litecoin, for example, miners are concentrated within a few mining pools. Before I read the last sentence, we have gone round and round about this on this channel. And thanks to all the different miners who have helped to educate me and tell me that, you know, we don't have to go to pooling or btc.com or amp pool, we can pick up and leave anytime we want to and go to any other pools, even though these guys, gals, have a ton of different miners and they seem to be the major party here, we can pick up and leave anytime we want to. So they're not ever going to control 51%. I get that. I understand that your rig is your rig and you can put it anywhere you want to. However, the question I always ask is, these guys have the cheapest electricity. And cheap electricity is really what drives the whole operation. Because the cheaper your electricity, the more you can have for rewards, the higher, the less rewards, not rewards, but I mean price and revenue that you actually bring in. So my question is, if they had the cheapest, why would you go anywhere else? I mean, on ethics and morals, I suppose you're like, Hey, I don't want to have a 51% attack because that'd be bad for everybody. Yes, I get that. But for right now, I think a lot of the miners are like, Hey, I just want to get paid. And so that's my thinking. Let me know where my flaw is and put that in the comment section. But to finish this up, it states it's not clear whether stake and delegation-based blockchains are superior to mining-based blockchains and we'll see over time. So here's my question, everybody. What's your thoughts? I think proof of stake is going to be the future. I don't see proof of work not lasting for the next 20 years. I just don't see it. Now, for Bitcoin, I mean, it seems like everyone's the mind of Bitcoin. So maybe that'll stick around. But as far as like the new products that are coming out, I just think it's going to be a proof of stake type of thing. But let me know what you think here in the comment section. And this will lead us to question of the day. So let's jump into my office. All right, everybody. So welcome back to the office. It's a nice breezy sunny day in El Paso Texas and Christopher had a pretty good question. And his question states, Hey, Dan, this isn't a business inquiry. So I apologize. But he states, I bought ADA or Cardano on the Voyager app with your friend's code. So thank you. If I wanted to hold the keys for Cardano that I have there, I'm hoping you can help me out, get the investment off of Voyager, not wanting a long term hold there. So the the big statement here from Christopher is I don't want a long term hold there. So I think he's okay with just being there for a little bit of time, which I think most of us would be okay with that as far as Voyager. And he says the thing with Voyager is that it's not an exchange but a brokerage. I'm new. So forgive me. But how can I get Cardano off of Voyager into my own wallet? So Christopher, that's a pretty good question. And it's a question that comes up quite a bit as far as Voyager. So if you don't know, in the description of everyone in my videos, there is a link looks something like this. And what it's going to show you, it's going to link to an actual Excel or sorry, a Google spreadsheet that is all the different exchanges and wallets that I have used or am using or have reviewed, because I wanted to give you an alternative to Coinbase because, you know, Coinbase has their issues, which we've talked about ad nauseam on this channel. So for Coinbase, as listed here, I've got Coinbase Pro, Celsius, Voyager, Gemini, Gemini Pro, I pulled Abra, SimpleSwap, CashApp. And I just did a semi review of crypto.com. You can read that there. But my one-two punch personally is the Voyager app because I like to buy things. I like to buy cryptocurrencies, but I don't like to pay any kind of fees. So they don't have fees for that. I mean, there is, you know, they get their services paid for by the spread. I don't care. I don't see it. It's kind of like Robinhood where they give you, you know, free transactions. So fantastic. And then from there, I will transport a portion of that into the Celsius wallet because I like to get free money because they pay you just for holding things there. So, you know, it's a winner-winner. So these are the two types of wallets I like to use. Now, one of the problems with Voyager wallet that people have told me, and that's something that I actually experience too, is that you can't move all of the cryptocurrencies that are offered on Voyager off of Voyager. And I think, first of all, I can't speak for Voyager. I don't know why they don't allow all of them. I just know that when we're talking about Cardano specifically here, there are certain exchanges that do not offer Cardano right now, Coinbase playing one of them, Gemini being another one, and some other ones are going to go over in a second. So with Voyager, they let you buy it, but they don't let you to export it. Now, I think at some point, just like Coinbase is going to list Cardano and Gemini will follow suit, I think Voyager at some point will obviously let you do that, just not right now. So what do we do if we buy Cardano on Voyager and we don't want to wait at any time for Voyager to step up and allow us to put it into our own wallet and do all the staking, all that cool stuff that we want to do. So let's take a look here. First of all, let's go into Voyager. And it says, we have to understand something that there is a, to transport anything off of Voyager, there is a small flat fee to withdraw crypto to an external wallet. And the current fee for transfers are, and you can see all the different ones we have here. But just to keep it simple, because let's not waste time, I'm going to pick two. So Bitcoin 0.005 and Ethereum 0.0075. So what I want you to notice here is that it says there is a flat fee. So I don't care if you are going to transport 10 Cardano, or if you're going to transport 10 billion Cardano, it is a flat fee. That is what Voyager states right here. So let's just keep that simple. So the next question is, okay, well, if I want to transport things off of this, where can I put this? Because what we want to do is take it from here to an exchange or some type of system that will allow us to eventually put it into our actual wallet. So the easiest one, if you have this opportunity, I do not, is Binance US. Binance US, you can see here, there's a listing of Cardano to USD, which means they will allow you to swap it out or sell it or whatever you want to do or transport it off. Great. So that's one option. The problem is with Cardano is that here are the states that Binance US does not currently support. So if you're in these states in America, you're SOL. Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington. So if you're in some of those states, sorry, it doesn't happen. Now globally, of course, all my friends in Canada and Mexico and parts of Europe, South America, Australia, it doesn't really matter. There's more options for you. Just America is a real pain in the a. And it's just how it is, especially New York. So that is one of those things if you don't live in there. Now our second option here, which looks pretty good, is if you live in US, US is Kraken. Kraken, I have actually bought Cardano, which you can see right here. And then what I'm going to do is we're going to click on this on these three dots right here. And it's going to say deposit or withdrawal. So I can withdraw. And then from there, I can put the amount in whatever it is, let's say 600 or whatever, I don't care. And then we're going to add an address. And of course, the description, and I put an address, save address, and then off it goes. So if you want to make it simple for US customers, for global customers, not too sure, but Kraken is probably your best bet. Now, let's take a look at some other options because on my handy dandy exchange fees and wallet, again, if you're looking to sign up for these different exchanges, I've already talked with this, but I'll just say it again if you're new, you can use my affiliate links. You don't have to. You can go right to Gemini. You can go right to Voyage. You can go right to Celsius. And that's fine. Or you can click on these links and you can get depending on $10 or $25 or whatever else it is. So it's up to you. You do whatever you want. Go bananas. So for here, let's take a look at some of these. One of the services that I've used before to swap things over is a service called SimpleSwap. And as you can see here, Cardano is not offered. So even if you were able to convert your Cardano to Ethereum and then put it over to SimpleSwap, it wouldn't work out. It's the only way to really work out is you take Cardano, sell it into Ethereum on the Voyager app, transfer that Ethereum over to Kraken, and then you can transport it to your wallet. That is the easiest way. So SimpleSwap doesn't do it. A lot of people have been saying in the comment section about the Atomic Wallet. Like, hey, what about this? Atomic Wallet is so fantastic and everything else. Sure, I've looked at it and you can, there is an option there to exchange it. Just so you know, this was right from Atomic Wallet's website. So Atomic Wallet takes 2% fee and a minimum of $10 per operation. Now, I'm not 100% sure if that is actually exchanging or if that is selling or if that is buying. But to me, per operation means that every single thing that it does, it's going to charge you this minimum. So if you're looking for small transactions, Atomic Wallet might not be for you, but correct me if I'm wrong in the comment section below. Also, the thing about Atomic Wallet is that right now, the pairs are temporary unavailable because of the Shelly mainnet launch. So if we're also going to take a look at Abra, that's one of the other wallets that I use, the same thing, ADA deposits are unavailable, so you can't even use that right now. So that's all an issue and it's a problem, but what we can do to make things simple is with the Voyager app here, let's bring that back up. So with the Voyager app, I think the easiest way to do this would be to take your Cardano. If you really want to get it off there, I personally don't care. I'm just going to keep it on there for a bit and then I'll stake some later. I have a feeling that Coinbase is going to list it pretty soon and then we'll go from there. And then if Coinbase does it, then Gemini does it and then off we go. So Bitcoin, it says there's a small flat fee to withdraw crypto. So if we're going to transfer Ethereum, I'm sorry, Cardano into Bitcoin, it's going to cost, and then transfer it off, it's going to cost us 0.005. So 0.005, if we have to take a look at that as far as Bitcoin to the US dollar, that's about $5.50. $5.50 is how much it's going to cost you. Not a big deal, but if you're doing this a lot, it'll give you real pain. So also, if we take a look back and we take a look at Ethereum, for this flat fee, it's 0.0075. So if we're going to take 0.0075 Ethereum and transfer and kind of think of that into dollars, that's $2.50. So right there, you're saving $3.00. So for me personally, I would just use Ethereum. I know that there is a little bit of a delay these days because of everything that's going on, and there's the high transaction fees and whatever else, but it doesn't seem too bad, but just be prepared to await the special things that are going on with DeFi. So Chris, I hope that answers your question. Me personally, I'm just going to leave it on there, but for you, I think the easiest way, if you're in the United States, is Cardano, put it into, sell it on Voyager to Ethereum, take it from Ethereum, transfer it over to Kraken, and then from Kraken put it in your wallet. So I know this seems like kind of a tussle and a hassle, but it is because we're early, and usually people who are early, this is when we see the most gains, because if it was easy, a lot of people would do it, and also the gains really aren't there. So that's it for that section. Let's jump back. All right, so that's it. So thanks for sticking with me. Really appreciate it. If you don't know, there's a join now button. That doesn't give you anything. It's just like a tip, a couple bucks, and I give random shout outs. So Donald French Cisco, welcome. You're on Rodriguez. I am not I. Who else we got? Simon Coffee. We've got Jack Minton. We've got Smiley McDougal. That's a good one. And then beloved. So thanks to everybody who signed up. I really appreciate it. And that's it for today. If you like these types of videos, there's going to be two that are going to pop up on your left and right. I don't know which ones they are because YouTube controls everything. And they also control the ads that are the UC before, in the middle, and after. I have no control over that. So I know people have been complaining like, how can you do scam of the day? But then advertise scams. I don't advertise scams. YouTube has control. I have nothing to do with that. So anyhow, I feel like there's this type of video, two more up on left and right. Go ahead and click on that. And I'll see you on the next one.