Yo, what is going on you guys welcome back to another video, so it looks like today we're seeing a lot of sideways action in the market. Although there's been a lot of developing news with institutions regarding cryptocurrency and the overall development in this video, we're going to be going over what that news is what it means to the market and everything you should expect going into this weekend and possibly what the prices For crypto may end up being in the next few months, guys if you have been struggling out here, if you have been overall pretty down about the crypto market, make sure you watch this video all the way till the end, because we're going to be going over Some very important news that you need to know today now guys, like always, if you have not yet hit that like button down below, go ahead and hit that like button, that really supports my channel. As you guys know, it looks like youtube. Is shadow banning and suppressing a lot of this crypto content and it looks like a lot of people are not being able to see this or not getting notifications like they used to, but for the most part it looks like we're.

Gon na need a little bit more help, so if you guys can take a second out of your day, go ahead and drop a like down below on this video. That's going to help a lot alrighty guys, so the global crypto market cap today is at 1.56 trillion dollars or a 1.18 percent decrease over the last day we're seeing less volume in the market right now down 16.63. What this means is a lot of people are just continuing to chill on the sidelines, trying to figure out what's going to happen next, so it looks like we have both bulls and bears in the stagnation right now we need some type of catalyst, whether it's going To propel us up, which i hope for or even some downward movement, that's going to at least help us get this ball rolling. But ever since we started seeing that market recovery that quick bounce up earlier this week, it looks like the prices of the overall crypto market has been stagnant.

Now something i do also want to mention to my followers is that, although we're seeing a lot of red a lot of mixed things going on, this doesn't necessarily mean there aren't any opportunities in the crypto market. So here's something i want to share with you guys if we go to the best cryptos. Currently, we can go to the trending, the biggest gainers and even the biggest losers you'll see that there is a whole bunch of movement to even make a ton of money in today's market. Now.

None of this is financial advice. I'm not gon na go out here. Tell my loved ones to go ahead and invest into nudes coin, or you know people coin, but all i'm gon na say is there's still a lot of opportunity where you can find yourself making pretty astronomical gains in a short period of time so check this out Index chain up 749 percent ruin up 597 percent on the last 24 hours. Amon ether, 3x.

Daily short is up 475 percent light cash, 2 uh 321 bit ball, 174 and the list goes on and on so what you have to realize with a lot of these cryptos and the way you can discover these cryptos, because that seems to be a lot of Questions that many people have, how do you find them well, a lot of these projects are usually the ones that first hop onto reddit. They build a smaller community and when they start promoting them and they get their hands on that meme coin audience. That's when we start seeing that explosion and growth with some of these lower cap coins, so so, just as an example we'll take index chain right, it's up what eleven hundred percent right! Now, what we'll realize with this? This is sitting at four cents. The market cap on this cryptocurrency is at six million dollars.

That is not much at all and look at the volume we're having a volume of 98 000. So a lot of these smaller projects are gon na. Have these high volatility, where you can make a lot of money, but there is a good chance that you can lose a lot of money too. So, let's take a look at the all-time chart right, i'm not i'm not promoting this coin, i'm not pushing in any way.

I'm just going to use this as an example in making money in today's market you'll see that there are days where we have huge highs or huge explosions where it literally goes almost to the moon and after that, it plummets. So let me tell you with a coin like this, i wouldn't be surprised if we start seeing that pullback almost immediately after we have that rise in price, and i guess it already happened within this past week. So even on june 10th. Yesterday we had that huge spike in price, it's still a lot higher than when it was .003 cents earlier this week.

But look at that guys. There will be projects like this. I do not recommend it, but if you are trying to make money in this market, don't dump your entire life savings and have a little bit of money that you would consider losing and you'd be okay with as you're gambling all coins fun. So that is what we're going to use as an example.

Now, aside from that, it looks like the overall. All coin market is still in the red cardano's at a dollar 47 cents. Dogecoin is at 31 cents, xrp 85 cents, not too much of a price change unit swap 22 dollars, 31 cents chain link back at 22, polygon, a dollar 31 stellar point: 32 cents v chain, 10 cents. So it looks like a majority of these cryptocurrencies.

Still in the red, while bitcoin is continuing to fluctuate in its price, consolidating still at 36 897. Let me know down below in the comments what you guys think is going to happen with bitcoin other larger projects. Take a look at ethereum 2400. I still have very high hopes for projects like ethereum, but before we even get any type of bullish prediction on any of these, all coins we've been having an eye out on, for we got to make sure that bitcoin does get some type of movement.

Bitcoin needs to start moving, it needs to break 40 000. It needs to hold that and that's when i will get super confident in the next stir of the altcoin season. But right now, like i mentioned earlier in this video, it looks like many people, all the tas, anyone who has been researching this market. Everyone is still so uncertain about what's gon na happen, so the good thing is: if bitcoin does dip down any lower.

Most of us are prepared to buy in at that lower rate, so on top of that, u.s insurers invested three million dollars in grayscale's crypto trust in quarter one of 2020.. So compared to how much money these insurance institutions really have under their balance, three million dollars is still a drop in the bucket, but in terms of good bullish news, this is still good for us to see so here's what we got during the first quarter of This year, six u.s insurers invested in gray scale crypto products. So, if you don't know what grayscale is here's, what you have to know, grayscale is pretty much a public trust. Okay, they are backed by the government, the sec.

So what happens is if you're trying to buy into bitcoin? There are many ways that you can do this. This trust collects everyone's money and then they buy bitcoin. So if anything ever happens or an institution loses their keys and you have your money with grayscale, they will have you covered because they are under strict jurisdiction with the us government. Now, as regular people like us, we can actually invest into grayscale, which is really interesting.

So grayscale stock 30.54 cents, if bitcoin wasn't a bullish ride, you would actually see the price of grayscale doing pretty well too so they started at 10.80. Earlier this year they hit a peak of and 70 cents and currently at 30 and 54. So the price fluctuation at grayscale is heavily reflecting the overall sentiment and even the price of bitcoin. So there are many other ways to invest into bitcoin.

If you don't trust yourself uh, you know using coinbase for whatever reason, which i believe is completely fine for your average investor uh. You can always consider investing into the stock market like grayscale, bitcoin trust or even a mining company like riot, and then you can find yourself making the same amount of percentage gains that you would instead of investing directly into bitcoin. So this is just an alternative. I think it's good seeing more u.s companies investing into these institutions, but, like i said, three million dollars is a lot of money.

I ain't gon na live, but in terms of how much money, six u.s insurers really have it's still a very small drop in the bucket, and if we ever see movements like three billion dollars, you know that's when we start talking. That's when i believe that's going to be real, more bullish news and towards good sentiment for bitcoin and other cryptocurrencies, but as of now at least this is good to know and maybe learn a lesson on what grace skill is and some of the options that you Have as a newer investor now, on top of that jack dorsey has been in the news quite a bit. So at the bitcoin conference i did watch him speak and he was talking about having his own hardware wallet a lot of great interesting plans, but just recently jack dorsey suggested twitter would likely integrate the lightning network. So if you don't know what this is here are the bullet points that you have to focus on.

The twitter founder had tweeted his appreciation for lightning network powered messaging app sphinx chat, prompting a follower to ask for the network to be built into bluesky or twitter. Here it is, he says, it's only a matter of time, build ln into blue sky or twitter. Please, and thank you just in case you didn't know what the lightning network was. The lightning network is a layer atop, the bitcoin blockchain, designed to enable faster and cheaper transactions by enabling user-generated channels for sending and receiving payments.

So, as you guys know, one of the biggest gripes about bitcoin is how slow it is, how much the fees add up. If i wanted to send someone money through bitcoin, i'm still appealed as a regular retail investor to paypal or venmo them. Knowing that i get a little bit of protection, you know knowing that the other person on the other end has an account and also knowing that i'm not going to be paying any fees, and it's also very, very quick. So, although bitcoin in comparison to other traditional forms of sending payment like wiring money or you know going to the western union, it still beats out many traditional forms, but there can always be improvements made to the network.

That's why there are a ton of these other cryptocurrencies other all coins that exist that improve upon these type of peer-to-peer functions right now, if we do have any big entities, any institutions, anyone who is a part of i would say the big companies that are dominating The space in today's age, like jack dorsey if they begin to implement any type of bitcoin, a scaling solution like this lightning network, i think we're going to start seeing tremendous gains in the overall development of cryptocurrency, meaning more adoption price goes up. Anyone invested is going to make more money and with the whole idea of bitcoin and any other cryptocurrency. If you are an investor and you're waiting for the next pump up, we need information like this to develop. We need more news.

We need more confidence from other institutions and that's when we're gon na start, seeing bitcoin start going back up and man. Oh man as much as i want to say, bitcoin is going to hit 100 000 by the end of the year. I don't want to be overly optimistic. I don't want to give anyone too far of a prediction.

All i'm going to say is right now we are still very stagnant, but i'm very very hopeful that we're going to be much more bullish by the end of the year compared to where we are now now. On top of that, texas announced that they would allow state banks to hold bitcoin. This is in a similar conjunction to some of the news that we're seeing whether it's with el salvador or miami we're seeing a lot more states declare how they feel about some of these cryptocurrencies, and, what's really important to know, is that a lot of this change Is going to take place within the state level, the county level and different cities? First, before we begin to start seeing massive adoption with a lot of these regulations with the federal government and other higher institutions. So, in addition to that, you know, we've been hearing a lot of good news from el salvador adopting cryptocurrency, but on the opposite end of that spectrum.

We also have this article here, dutch officials call for complete ban on bitcoin. The netherlands must ban the mining trading and holding a bitcoin because it doesn't meet any of the three functions of money and is handy for criminals, my goodness so we're gon na get this type of fud over and over again. So, whether it's the energy concern with renewables, how it's bad for the environment or how crypto is dirty money, bad money, because a lot of criminals end up using it. We're gon na hear this over and over again, i'm i'm just not going to be surprised if this is going to continue to be one of the factors that contribute to other government entities not wanting to adopt cryptocurrency, because in reality anyone who opposes cryptocurrency.

I believe it's either. They don't fully understand how crypto works, or they just have a hidden agenda with president trump talking about how crypto is this game? And you know you know he was the president of the united states, he's gon na want to back the us dollar and anything that opposes it or takes away from any controlling entity that he was literally. The president of you got to realize that moving forward in the future, many of these governments are going to continue using the same song, the same notes in order to create that fud in the market. But as retail investors, our duty is to educate our brothers and sisters who are also invested to say, hey.

Let's do a fact check on this, so here's a little article talking about crypto, which they claim is increasingly being used for criminal activity and is a haven for illicit finance check this out. Okay, treasury secretary, janet yellen, says cryptocurrencies have been used to launder the profits of online drug traffickers. They've been a tool to finance terrorism uh vice president of berkshire hathaway says it's a tool of kidnappers and extortionists. That is contrary to civilization new york times.

Columnist says very few: people are using bitcoin to pay their bills, but some people are using it to buy drugs or subvert elections, and president of the european central bank says a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money Laundering activity so, like i mentioned, yesterday's video research shows that illicit activity accounts for less than one percent of transactions when it comes to cryptocurrency of that small portion scams make up the overwhelming majority of cryptocurrency related crimes. So all these youtube videos, you guys watch. You know that whatsapp number, with all these scammers uh, trying to trick y'all into bitcoining them money into their whatsapp, don't fall for it. A lot of the scams right now.

A lot of the crime is coming from someone hacks elon, musk's twitter account and then does a live stream. Saying he's going to give away dogecoin things like that. Another point is that from 2017 to 2020, criminal economic activity was overwhelmingly conducted through traditional financial institutions. So you have to realize that all the same people that are giving crap about cryptocurrency and bitcoin are oftentimes the same ones that don't have the cleanest, uh, cleanest little fingers ever.

And if you do a little bit more research, you may realize that all these hidden agendas line up somewhere and they may be coming out with these statements trying to spread the fud in order to slow down the mass adoption of cryptocurrency. But i'm telling you as time goes on as a month's move forward. People just will not be able to deny this, and there will be a time where they're gon na try to put more regulations. We have not seen the end of it.

I'm telling you, throughout this year we're going to see much more fud going in the market, but fundamentally with cryptocurrency. The reason why it was developed and understanding exactly the principle and the nature of how it works. You'll realize that this is still inevitable, and this is a point that i also want to make right here. Folks, it's that with cryptocurrency.

I know a lot of newer investors are getting into the space because they want to make money right now they want to make money, they want to make 300 000 in increases with uh. You know milf token and all these other smaller projects, but you have to realize crypto. This is a project where you want to be patient, especially during times like this. This is why, for me, i'm just waiting to see how the market is going to move and that's when i'm going to respond.

If you don't know exactly what's gon na happen, if all the charts are screwed up and everyone is really uncertain, sometimes the best move to make is by doing nothing, take a break from checking your portfolio and your phone. You don't have to constantly be trading in order to come out ahead. Sometimes you may actually be making money by not doing anything at all, because you're not losing money by pouring into the market. When you don't know, what's gon na happen next, so for anyone who is a newer investor, i know it's easy to get caught up in the moment.

I know it's easy to compare yourself when you have your co-worker telling you at target. Oh man, amc thatcher went up 20 dollars uh in in like the last month, and you know there's other cryptocurrencies that i made this much money on and you got to get in on. It too do your own research before entering these investments, because if people are telling you these success stories - and you realize they've been in the space much longer than you have by the time you enter are often times a time when they dump and you lose your Investment because you're the one left holding the bag so with cryptocurrency. If you aren't going long and you invested way more money than you were comfortable with, you have to rethink this, you have to think about shaving off your profits.

The next time we go in a green market and realize you should never invest more than you're okay with losing, and you should also consider investing going in long. It's just gon na save you a lot more mental strain. It's gon na help you to survive this market volatility, we're seeing now in the early stages of crypto. Now myth number two more illegal activities take place using cryptocurrency than with cash.

Good old-fashioned cash continues to be the funding of choice for criminals. The united nations estimated that 1.6 trillion dollars in cash is laundered every year. I don't know if y'all ever remember, seeing pablo escobar's show narcos or even things like breaking bad. You can get an idea that cash is still the primary source, even though cryptocurrency is the new wave, and it's great the reason why many criminals, first of all choose to stay away from this is one because a lot of them don't understand.

Cryptocurrency they're still very skeptical of it. I do believe it's gon na pick up as the mass adoption continues, but the other reason is actually related to myth three right here and that's because cryptocurrency makes it harder for law enforcement to investigate malfeasance, which is another myth. So here are the facts: crypto's easier to track because searchable public databases or blockchains, the public ledger already exists for the majority of transactions. Even the department of justice says, though this gives law enforcement access to substantially more information than a case involving cash, including the date time amount of the transaction, as well as the type of crypto used.

So if i was naughty brian jung - and i was out here trying to sell drugs, i would not want to bitcoin uh someone uh, whatever amount of money for drugs in order to get that amount, and that's because cryptocurrency, although it seems very anonymous, we're going to Move forward into a time and future where, if something happens, if we're able to track all of the amounts on the ledgers and know exactly which wallet strings belong to who, then you can see exactly a full receipt on the transactions you made with cash? You still have a smaller blueprint and with cryptocurrency you can get a lot more in-depth information right now that can help identify people being a part of these illegal crimes. We can also take a look at an example, the colonial pipeline. They used bitcoin as ransom if they said, if they said cash, it would be a little bit harder than to go ahead and just find the private keys, like the fbi, did and then retrieving all of that money back. So, with all this information being said, what can you take away from this video? Well, first of all, anytime, you hear about cryptocurrency from mainstream media or any of these quote-unquote celebrities or financial influencers that you know have done well in previous markets.

The internet boom and everything else real estate, whatever it is a lot of the times. These people still don't have the full education. They don't know the real fact checks on their information, and you know unintentionally, a lot of these people end up giving fud out in the market because they really don't understand the true facts behind cryptocurrency and the problems that it's here to solve. So anytime, you hear any information, i would always take it with a grain of salt.

I would do your own research and to figure out exactly if that's really true, anytime, you hear news about crypto. It can be taken in one direction or another mainstream media. It can flip it, and you have to ask yourself this, too, is mainstream media. You know a supportive advocate of cryptocurrency.

Would they do they have more reason to, or would they have more reason to oppose cryptocurrency because they have been funded by traditional institutions that are making more money from other uh forms of companies that you know, cryptocurrency would eventually replace all right guys. Thank you all. So much again for watching today's video, like always don't forget, to comment the secret word for this video, which is going to be gecko or geico. Whatever your cup of tea is i'ma.

Let you all decide that one don't forget to like and subscribe. If you guys. Also have not done so already, but i'm i'm sure if you're watching this till the end, most of you guys are. I also have some special offers for you guys: stock buy 250 depending on how much you deposit, you can also get better transaction fees than if you're, buying, bitcoin or other cryptocurrencies.

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I did some crazy networking to line you guys up with that type of premium content, if you guys are not part of the inner circle. Yet it is completely sold out at this moment, but make sure you follow me over on twitter and on instagram, because when we do open up more spots, i will let you guys know exactly when that will be. Like always. Thank you all so much again for watching have a beautiful great weekend and that vlog is coming up very very shortly, so stay tuned for that, like always guys much love have a great day.

Peace out.