 Great everybody welcome to the live stream. Let's get into it. Shall we this is huge? I think it's huge Luna this is half the presses Luna picks avalanche for its reserve just like I did with Bitcoin So I got to tell you this probably is one of the biggest news for avalanche holders in quite some time We'll take a look at exactly what's going on But I got to tell you doesn't get in there in this doquan and Luna are making waves Also, we'll take a look at what I call clown news India wants to tax your crypto at 50% and Lastly just for funsies. We're gonna take a look at investor forward slash whale Concentration by a website called in the block and that will take a look at just how much you can see for VCs investors in Retail across a wide spectrum of cryptocurrency digital assets So we'll do all those things and I'll also do five questions in five minutes I'm just getting done with the CTO Larson or the DCA show with CTO Larson James from Vest answers I'll link at the very end, but let's just jump into it. Shall we because time is precious first of all If you're here for the live stream welcome You may notice that the volume is a little bit off because I'm using a new mic because my old mic got lost in some luggage Issues coming from Puerto Rico over to El Paso So first of all, I apologize if the audio is a little bit off or then maybe a little bit echo But it should be okay as a new mic will be arriving in two days, which is great because you gotta love Amazon so this is what's going on with the market right now not a bad day. I mean we've got The Bitcoin conference going on and everybody thought it was gonna be the end. I'll be all and Bitcoin would go to 50 60 70,000 That's not how it works These conferences are just that there may be a huge news coming and who knows but I got to tell you with with how Jaded we are let's be honest We're all jaded in this in this crypto crazy class that we have It better be some pretty big news to move the market and hopefully it is we'll see because nobody knows right now Anyhow Bitcoin the last 24 hours is down a little bit. It's down 7% over 7 days. That tells you anything Theorem's down Ted is not Binance coins up in last hour not too bad XRP Solana extra piece of 1.2 That's pretty good Tara's down. It's kind of weird But sure and an avalanche over the last hour is up 3.2 percent, but still it's down by 8 So this is all because of the news and we're gonna talk about a second Let's see any big any big wieners or losers And I really hold on someone will say but raw what about paint make sure pancake swaps up congratulations pancake swaps holders You guys are really knocking on the park. Good for you guys anyhow That's what we have right now. So let's take a look at the story itself. So this is what's happening And this just came out just a couple hours ago So Tara expands its stable coin reserve beyond Bitcoin with avalanche. Here's what's up Luna Foundation Guard, which is a Singapore based non-profit organization built to support Tara will acquire avalanche tokens worth a hundred million from the avalanche foundation to boost the stable coin reserve This is big because it's one chain working with another chain to make everything better And I got to tell you I like this type of synergy because this is really what it takes to really grow No one can really do it by themselves. What's your Bitcoin? Of course, but for the altcoins I think this is the path to success just doing things like this just growing together and You know making that scale So the over-the-counter purchase will make the token the second asset in the UST reserve after Bitcoin Luna Foundation Guard chose avalanche among all the other ones. So think about all the other ones. You got Solana You've got near You've got Cardano. You've got Tezos layer one solutions and they chose avalanche And the reason why at least it says right here is because of its rapid growth and vast fan base Now there's probably a story behind the story and we won't know with that for a while But this is what we have right now and this is actually a quote from doc Juan He says well Bitcoin will remain the main backing of UST stablecoin the deal with avalanche buys a lot of user Familiarity for UST and Terra from avalanche the partnership with Luna Foundation Guard will allow avalanche users to trade UST for avalanche tokens directly on Luna's blockchain the avalanche reserve unlike the Bitcoin reserve will also live on avalanche So nice synergy both back-and-forth very low fees a little doesn't big fees avalanche definitely doesn't it's not near What Ethereum is so if you want to you know really compete with? the king of the layer ones which is Ethereum and smart contracts and things like that you got to do stuff like this I think it's a pretty pretty Great move so Terra's ability to scale their stablecoins one of the reasons that drew avalanche to its platform so to mean you're not sure nailed it CEO of the avalanche avalanche's developer avalanche didn't know that and This is the crux of it I wish that more and more coins would look for ways to grow the crypto space as opposed to compete For the same set of people it's an interesting quote because if you think about it in all honesty That's what all these layer one solutions are doing like no no we're the fastest we're the cheapest We're the ones that are here or we have the most TVL total value locked up or We have the network effect so it really depends on which part it is But it doesn't only matter because in the long run really what it means is How can you acquire the most amount of customers? using the best reference or the best way that you possibly can I think the best way is Essentially what Amazon did to acquire a bunch of different customers They just really what they did was they just merged with a bunch of companies and just became this huge massive entity And I think not that avalanche or Luna absorbed avalanche, but they're working together I think that's the way the future might actually work out. Anyhow, let me think about that in the comment section Hopefully that'll be a little bit of a boon for the avalanche users. I think it's great and let's move on to clown news So it is a bummer that We know regulations coming whether we like it or not and like I was talking with CTO Larson Either we're gonna be a part of that discussion or we're gonna shape the narrative and shape the regulations Or if we just shut up and don't do anything those senators Parliament figures the people that are in politics. They'll shape it for us That's why I think it's so important that we get actively involved now Before all the laws are written and that's why like when we have these things like to point them out to you so you can you know Speak out and have your voice heard in whatever way shape or form that actually is so take a look at this The clown news. This is what's happening here. So Indian Paula member insists crypto is like gambling wants a tax of 50% I can kind of see his point is a little bit gamblish but It depends on how you're trading and how you're investing I'll be honest with you Indian parlor member Sushil Kumar Modi shared his view on crypto He made headlines when he urged the Indian government to impose more than 30% tax on crypto income prior to Subah passing finance bill 2022 the Indian government should tax crypto. He said income as much as 50% here's why The government hasn't said in so many words that crypto is like gambling. It's like lottery. It's like a casino It's like horse racing and in all these things The tax rates are extremely high and then it just goes on for the same thing We talked about just how awful it is and so on and so forth But the main reason I bring it up to you is that is that this if we don't step up and Talk about these things and bring it to other people's attention people in Parliament I don't care if it's in India or EU or America. They'll just Reloaded in without getting any kind of The best way possible to understand these things and 50% tax between me and you That will crush that will crush all of the the crypto trading crypto hodling in India And that's a huge country. We're talking a billion plus people 50% will not cut it And now let me just think about that in the comment section. I think it's awful. Let's move on to our last piece Investors and whale concentration. So this was a It was a question that came up on the live stream today and it was Directed at James because James takes a lot of heat because it is Solana position. Some people love Salon sale a salon I don't care. I mean I own Solana. I don't a lot of stuff and I don't care which one wins I just don't I just here to I mean, it's nice to change the world That's why invest in the world mobile token, but it's also really nice to make a profit And I just look back and just go what is what it is and James brought up a good point It says about, you know VC venture capital backing and the concentration of tokens. He says look this is where a lot of things actually start I Thought about it for a little bit. I go. Yeah, it could be right So what I did is I took a look at there's a website that I have a membership to is a link in the description It's on affiliate link. It's just into the block into the block calm and it looks like and it breaks down pretty simply some on-chain data and I wanted to bring this to your attention and break this into The concentration between Bitcoin a thin cardinal polygon and Algorand. There was no data. Unfortunately for Solana And avalanche, but it doesn't only matter We already know that there's it's pretty heavy back as far as like by by whales and VCs and things like that So let's take a look first as a point of reference to Bitcoin So we take a look at the on-chain analysis. Let me blow this up so you can see it. You've got whales the number of whales is about 1% of the whole network, right? And then if we really break it down There's a concentration and this is why we talk about Bitcoin is one of the most decentralized crypto assets that's out there Concentration is broken up between investor volume whale volume and retail volume. What's the difference? Well, if you hover over this whale is an address that owns more than 1% of the circling supply This could be an individual. I don't think so sure maybe wall number three. I have no idea or it could be an exchange An investor, but I mean the whales are they own more than 1% An investor the second highest here is an address that owns between point one and 1% And an address that owns less than point one percent of the circulating supply is retail and we can take a nice hard look here 89 almost 90 percent of Bitcoin is owned by retail or Individuals who own more than point one percent of the circling supply. So there is another caveat I will say to this and that is that some people say but Robbie understand, you know These certain whales they can break it up into a thousand different wallets and then just put point five Point one zero point zero zero eight Bitcoin into a walk sure they can do that, but how many whales are actually doing it I don't know because we don't have the actual data, but I can we'll tell you this that's a lot of these institutional guys They think this is nothing and they'll probably just put it into one one section and not so much There's probably some but maybe not too many. So that is that little point as far as a Bitcoin Now, let's take a look at a theorem. How is that broken down? Well, again They can take a look between whales and investors, which isn't a big thing I like to look at just concentration. If you look at concentration again a little bit broken up the investor volume remember between point one to one percent whale volume Which is 21 percent. That's pretty crazy 21 percent of whales own. Let me see it again Is more than one percent of the circling supply? 21 percent a fifth then retail over here. Yeah, still got a pretty good amount not too bad Now let's take a look at Cardona, which is what everybody likes to point to is the most essentialized. Well, not really I mean, we just took a look at Bitcoin. That's pretty much the most essentialized 89% I could be wrong. Let me see here 89.75 oh My gosh, I was wrong 89.36 look at that stand corrected So as far as retail goes Cardano 89.75% whale volume Yeah, a little bit more 4.78 and then 5.47 For the investor so whales less than 5% Next one little over five and the rest a 9.75. So if you're looking at some of those essentialized Yeah, you can definitely see that now Let's also take a look at some other last two Polygon and Algorand before I show you Polygon and Algorand. I'm just gonna ask a quick question This is gonna be good. How concentrated do you think? Polygon and Algorand are Do you think it's Polygon has a ton of retail or a ton of whales? Same thing for Algorand. Do you think it's just a ton of retail or a ton of whales? So before I show that let me see what you got in the comments. This ought to be interesting Pa pa pa Charles no well the only card on true Let's and of course every time I ask a question is like a quick 30 second delay written This is gonna be it. We're gonna be done today pretty easy pretty fast So Greg says it's gonna be a bunch of whales. It's pretty good. Yes Polygon has a ton of whales Polygon has a lot of institutions I love you too Retail says Cecil whales Whales whales for both whale crackers I don't know if that's whale comma cracker or whales crackers Thanks. All right. So the majority of you said whales and guess what? You were pretty right. So check this out. I didn't know this till you look at on-chain data Polygon is huge for whales. Let me put this up so you can see it. Look at this 75% is whales like the exact not the exact but the inverse of always took a look with bitcoin and cardona. That's a lot it's a lot of whales investors and Retail, which is us We're only 12% So if you worry about getting dumped on watch out because the whales can do that and then also for Algorand Which I thought between us. I thought that there was way more whales, but it's not the case. Take a look at this So we take a look at Algorand Not too bad I mean as far as whales go because the whales it's only 16% And we've actually got almost a fourth almost a fourth Of that in retail But unfortunately as far as the investors remember that's between 0.1 and 1% you got almost 60% so That is what is going on With the concentration So I urge you when I talk about do your own research the best way is probably just take a look at uh into the block There's a lot of different ones that you can take a look at for On-chain analysis that one breaks it down in some very simple easy to use terms And uh, then you cannot make your own decision moving forward as to what you want to invest into Which leads me to my next point and last one we'll get out of here We've seen some pretty high volatility, right? So for me, I don't know what's going to happen and I don't know what's going to happen with regulation I don't know. I don't know if because I live in Puerto Rico right now. I'm in Texas as you can see I don't know if they're going to start to super high tax everything or maybe even Get into uh, maybe in Puerto Rico. They take away the x-60. I have no idea So I'm just going to urge you to take a look at what I call the wealth preservation strategy Which is what I'm using. You don't have to do it do your own research One of those is masterworks and masterworks is you're purchasing fractionalized shares of super expensive art and uh, really well known art. That's a bank see there's also basquiat's and there's also Different high profile artists and why do I talk about this? It's because Even in a recession Even when the market goes sideways and the market goes up over else Super rich people don't care about that. They will still buy These types of crazy high priced art pieces. That's why I put five percent Not so much into there because I thought it was a pretty good Diversification and year over year you get like 32 or 31 33 which outperforms the s&p Well, it always can't say that but it's looking pretty good So there's a link in the description you can link you can skip the whole wait list and check it out And then lastly the thing I'm always talking about it's above my head constantly I trust capital, you know, a peter teal made five well made billions of dollars tax-free He stuck his shares of PayPal into a Roth IRA And because he did those shares which weren't anything at that point now that were over five billion dollars He's gonna pay 0.0 percent in taxes because he put in a Roth IRA You can do the same thing with crypto if you think bitcoin's going up to a million Might be a good idea to take a look at a Roth IRA Which is a crypto IRA through itrest again link in the description and also guess what Well, first of all links look like this And there's no more monthly fees for itrest capital. So that's all we have for today Thanks for stopping by so look that takes care of the news itself And that's it. So if you got to take off, I appreciate you stopping by and we're going to do a quick five q five questions in five minutes And we'll go from there So if you like the video give it a thumbs up always consider subscribing Let me talk about our time sensitive and that's it for today. So let's take a look at your burning questions And go from there There's always like a little delay when I when I say that so I'll wait. I'll wait a little bit Do this This is not a question, but it is a good point Someone needs to tell kevin allari bitcoin is the best use of energy in the planet and the reason why jackal 1370 says this is because Kevin allari has been highly critical of bitcoin ever since this esg issue with you know people saying hey Bitcoin uses way too much energy now for proof of you know, it's because it's proof of work But you have to look at It's not just about Bitcoin using a ton of energy and creating these bitcoin through mining processes If you look at it and everything's gonna be there's gonna be a lot of things not everything There's gonna be a lot of things built on the bitcoin layer and they talk about this at the bitcoin conference Thing you have to understand is that it is the most secure Network in the entire planet To do a 51 attack will be economically not beneficial And right now you couldn't well you know, you couldn't do it But you could do it And it would just take a lot of money a lot of time and a lot of resources as time moves on It'll be the most secure network in the planet and you'll build things on top of that And I think that's worth a pretty good amount of energy Correct me if I'm wrong in the comment section, but I think it's like that Let's see Are you excited about dot something if you want to talk? Yeah, I don't know. I thought but that would be pretty good Dr. Gavin Wood part of the ethereum team that brought out ethereum was creator of polka dot and I thought it'd be great pair of chains and Working on things and multi-chain assets. It just hasn't really done much, but I will say right now we're in the infancy so like I don't know what she but you know can do or what dogecoin can do doesn't look like it's got a ton of utility But it's on the top 20 and there's some other things that are like Like the top 500 that have great utility that aren't even near the top 10 So I just think that it just takes time to shake out all the all the bad actors and the different Projects not that I'm saying she but you don't judge coins bad. I just don't own any And I just don't see what the point is of it besides Like a currency, but we got so many to do that. I don't get it So that's question number two Where's my voice debit card? I don't know talk to steve irlich Question number three anything with apple you know about today People are talking about how apple may make an announcement at the bitcoin conference That's they're going to integrate with lighting network and put it on their network So that they can actually take bitcoin payments if they do great It's good recognition, but I will remind you that what really moves the needle is buying and holding bitcoin So when paypal made this this announcement it did okay, but the big thing it was supposed to be was To like give access to different merchants so they could Get paid in bitcoin and hold on to it Then of course around that same time was when tesla came out and they said we're buying bitcoin What moved the needle wasn't the fact that they were taking bitcoin for like stupid merch Who cares the thing that made that moved the needle was that tesla was taking on bitcoin and putting on their balance sheet So we'll see if it works out Would you invest an hour ago question number four? I've already done that I've been dollar-cost averaging for quite some time I stopped for a while because I was worried about the thing we just talked about right there which was the concentration of Whales and investors and vc and retail, but it looks like it's the Premature same across the board mc just remember mc. It's in the description It's a great question. Why is luna down by this news? Who knows if you look at it and this is the thing We all know where things are going right or we have a good idea. We don't know no one has a crystal ball So if we take a look at where things could potentially go and if you take a look at like the things are being said in In the bitcoin conference, we know that and maybe not today. I mean not tomorrow, but soon. I'm just kidding Maybe in uh, you know six months to three year outlook look where we'll be Three years ago. Where was bitcoin actually just two years ago may 2020 bitcoin was five grand mark cap was below Well below 800 billion dollars. I mean, you know, I want to say it was below 500 billion Now here we are we hit 3.2 trillion And now we're we've taken back so I don't think this market really knows how to evaluate it like we do with stocks with stocks We can take a look at the earnings report see where the company is going and invest accordingly with these projects, we don't know where things are going. We just can kind of Unfortunately like what modi said is a little bit of gambling let's be honest because doesn't only do anything great right now But that's going to come. So why is luna down? There's no great reason. There's no sell-off. There's no There's no hack going on that i'm aware of it's just There's a lot. There's a little bit more sellers and there are buyers That's the truth and that's it. So look that's it for today 25 minutes. That's our uh, we'll cut off time So that's it for today's news if you like today's video give it a thumbs up I'll consider subscribing all things we talk about our time sensitive and that's it for today So thanks again for stopping by. I appreciate it and I'll see you on the next one. Adios