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Video Outline:
0:45 Global Crypto Market Update
1:30 Predictions On The Market
2:13 Altcoin and Bitcoin Overview
5:59 Ethereum Update and Swing
7:30 Ethereum 2.0 Upgrade
9:37 Major Open Sea Hack
14:30 Biden To Issue Executive Order
17:22 SafeMoon Pump and Dump Lawsuit
19:59 Global Crypto Adoption - Russia and India
25:25 Indias New Crypto Rules
27:58 Global Crypto Adoption Based in India
29:30 Buying Opportunities
35:55 Block-FI
38:38 Closing & Final Thoughts
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#Crypto #Bitcoin
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Video Outline:
0:45 Global Crypto Market Update
1:30 Predictions On The Market
2:13 Altcoin and Bitcoin Overview
5:59 Ethereum Update and Swing
7:30 Ethereum 2.0 Upgrade
9:37 Major Open Sea Hack
14:30 Biden To Issue Executive Order
17:22 SafeMoon Pump and Dump Lawsuit
19:59 Global Crypto Adoption - Russia and India
25:25 Indias New Crypto Rules
27:58 Global Crypto Adoption Based in India
29:30 Buying Opportunities
35:55 Block-FI
38:38 Closing & Final Thoughts
SECURITY YOU NEED
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โฎ ๐ Yuibkey Data Protection Key https://brianjung.co/security
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Best Crypto Bonus Offers Spreadsheet: https://kingjung.notion.site/Best-Crypto-Bonus-Offers-2021-d2d6d8f0d70a472e8833d2879faaeb73
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Advertiser Disclosure: Some of the links and other products that appear are from companies which Brian Jung may earn a small affiliate commission. The offers shown in these videos are competitively the best offers you can find all while supporting this channel.
Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
#Crypto #Bitcoin
Ladies and gents welcome back to another video, we got a lot of catching up to do from this past weekend. We've seen a lot going on, and even this week we have talks about further regulation happening within the u.s. With regards to the executive order from the biden administration and we're also getting some more additional data coming from russia and india as well now before we get started with this video, if you guys have been appreciating the updates, my live stream, people i'll be seeing you Guys over here as well drop a like down below, if you guys are enjoying these type of videos with that being said, let's hop into the computer and talk about whether or not it is a time for us to freak out, because it's not it never is Never is a good time to freak out my people, alright guys so. First of all, the global crypto market for today is sitting at 1.67 trillion dollars or a four percent decrease over the last day.
Just a few weeks back uh we saw a global crypto market cap sitting at two trillion dollars. A lot of those gains have been going down for a number of reasons. One of those mainly is just the instability that we're getting right now with talks of a potential war with russia wanting to invade ukraine, and a lot of focus is on conversation that we had during last week. Now, let's talk about if this is actually going to come into fruition, is this something of legitimate concern? Will this affect the markets even more, should you be selling now, or is this a good time to buy so within our discord group, we got a lot of questions and mentions on asking just me: should we be buying on friday? I did expect a further dip to happen short term.
I still do expect a further dip to happen later in march. On the more optimistic side, i was hoping that bitcoin at least be able to break out out of forty five thousand dollars, maybe even towards fifty thousand dollars uh for the month of february. Just because march, we do have more aspiring dates that are going to have a critical impact on the market, which is going to be those rate hikes that we've been talking a lot about on this channel. If you guys are aware of a lot of these updates, coming up, make sure that you are preparing yourself as an investor.
This doesn't mean that you should be panic selling at every moment in time. It just means that if you're aware of it - and you have a game plan, whether that game plan is to go long hollow through these times, that is completely viable as well going through the market, you guys will notice. Bitcoin is sitting at thirty seven thousand dollars. Uh, the key support level that we wanted to stay above would have been forty thousand dollars.
That is the easy psychological resistance and support levels that many crypto enthusiasts look at, whether you're a short-term day trader or a long-term investor. People like to stay above that forty thousand dollar threshold, and that is really where we can start seeing more progression going upward just because we fell underneath. That doesn't mean it's all, particularly bad news. If we go into the last seven days, what you'll notice is, we have been dipping down in price, even today we are still seeing a bit more red, so i know sentiment on days like this can be a little bit more shot up. But if you guys were paying attention at what was happening even this morning, we actually saw the price of bitcoin bouncing up pretty fast. So the reason for this, what i believe is during monday through friday. These are normal week days where institutions who start to resume and go back to their corporate offices where will have accessibility to make purchases on positions. So if, over the weekend, we get volatility coming from retail investors or other whales that aren't limited to those institutions monday when the markets open up and they are seeing these buy orders and they can execute them.
Usually, i believe, that's when we do see a bounce back in the market, but quickly what you'll see today, a lot of that was actually short-lived. We had that bounce back up, closing back in on 40 thousand dollars, dipping back down to 37 000 and at the end of monday today we're sitting at 37 000 again. So taking a look at bitcoin. Obviously, no one knows what's gon na happen with bitcoin.
Next i mention this a lot. We can draw a lot of lines. We can take a look at the mas and see hundreds of different golden crosses death crosses happening. It's good to note.
It paints a story. It does help us, but in the grand scheme of things with the volatility of crypto and seeing news on regulation and central bank policies, that is always going to skew and really have a stronger impact on the market as investors. If you have your position set aside, if you know what your game plan has been, stick by it, don't let your emotions get ahead of you and on days like this, when the entire market is extremely fearful, just be careful. I do know it's really easy to get caught up and you know seeing the red in the portfolio and seeing it go up and down it's just an emotional roller coaster, but over time you get used to these volatility swings and you'll realize that the days are Never cloudy uh forever.
Okay, the days will not forever be grim where bitcoin is just consolidating for the rest of its time. When we get adoption like we're, seeing even with other countries, there's just no way that an asset like this will continue to stand still for the rest of time, so just be patient in a market like this, i think that's the biggest takeaway that we can have Within the sentiment of what we're seeing today, joe carpenter, says: yo brian nice single live bruh. I appreciate you for tuning by my people. Uh yeah and crypto is not close.
That's a really good point right. There crypto's not close like the stock market. It's always open. 24.
7, but when we do take a look at on-chain analysis and data, we do get fluctuations between different exchanges on certain times of the week. So what we saw with data previously before in the past, it was all over the place when institutions and a lot of larger investments, weren't playing the nine to five or the regular monday. Through friday weekdays. We did see an average of consistent investments of volatility and spreads evening out during the beginning of the crypto cycle, but as we continue to progress throughout these next few years - and you notice that we do have big money coming in, they are gon na. Follow a strict schedule: they're gon na, follow a pattern that we're gon na start to notice as well. Uh, it's just hard to gauge what patterns are gon na happen in the future when the future has not been written yet, and things that have happened in the past is completely irrelevant to a lot of the innovation. That's going on right now. So one thing i want to take a note of is ethereum: ethereum is always going to be a viable play for anyone who is, you know, wants to have a little bit of a higher return than it comes to investing into bitcoin uh, but you do also Want to play a bit of a safer side, then it comes to investing into alt.
What you'll notice today is that, although ethereum is down about one percent in the last 24 hours, the seven day, losses seem to be pretty consistent within the market. With a lot of the all coins uh, you will see some outliers like cardano's down 18 percent compared to let's say binance. No, no! This is finance stable coin. Let's compare it to even tron guys, seven percent down compared to maybe 15 to 20 percent losses within certain all coins.
You have to realize volatility like this can get quickly eaten up on both ends. If we see crypto going up starting in the month of february, a lot of that can get erased very very fast, but it doesn't mean that it's the end of the entire markets. So something that i want you guys to be pretty wary of is what we're seeing right now with ethereum ethereum recently did have the conference. If you guys go into my twitter, i liked a few posts.
I posted some on my instagram stories of italic uh, the founder of ethereum. Getting some pretty funny photos out there and what you guys will notice is that ethereum is also having a few upgrades as well wes. Thank you for the 2.99. I appreciate you, man, uh ethereum, is actually having their altair upgrade, so we haven't actually heard much about what's going to happen next, with that ethereum 2.0 upgrade, but this is actually really good news uh.
It came out a little while ago, actually october 28th uh before this year. It started, but it is just a reminder that ethereum has been working towards making those improvements so back in december 2020. Just as a reminder, altero's the first upgrade to the beacon chain, and it would likely be the last before the merge with the ethereum main net and the change the proof of stake concept right now, with ethereum still being proof of work, uh very similar to other Cryptocurrencies, where it's limited right now in those transaction fees as we continue throughout this year, and we get more progression stating this. This is where i believe ethereum is going to open up now in terms of just short-term price action and what we're seeing on the monthly it does suck seeing ethereum drop below three thousand dollars. That is obviously a support level that we're trying to find and hold very similar to where bitcoin is in terms of that forty thousand dollar level uh. But if you do see ethereum dropping anywhere even below twenty two hundred dollars, that's always been a strong uh key area where you could buy it up and immediately. We've been seeing some fast bounces as well coin. Market cap doesn't hasn't even logged in 2200 since the last few dips.
I know other exchanges it did flash to that number as well, but if you guys are looking to just maximize easy swing trades, that's why i always say: ethereum has been pretty easy in terms of being able to maximize just your return on investment with these swings. For now, in the last month, if you guys noticed that we are sliding down 2 500, sometimes also sitting on your hands and just being patient in the market and waiting for confirmation is not a bad decision to make at all. But i do want to come out this reminder over this weekend. We didn't get any terrible news going on in the market uh the only solidifying effort that we're getting within actual central bank policy, i believe, is the fact that rate hikes are coming more articles, more uh, fox5 news, uh, whatever you guys want to call fake news.
Cnn, whatever, whatever your source, is we're just getting more and more news that rate hikes are coming and that is going to spook a lot of investors and that tends to put us in a downward trajectory move. But in addition to that, we did get some bad news on the nft side. This is nothing to do within the nft market itself, but it's something that we definitely want to take a note of, and this is actually going to be the open c issue that we had so openc. They had a pretty bad a bad hack.
So let me find the actual article president ethereum russia where's it at brian jungy right here, so hacker went ahead and stole millions of dollars worth of nfts from openc users over the weekend. If you guys have heard about nfts, you probably have heard of openc. It's one of the largest platforms that had a valuation of billions of dollars, getting a lot of venture capitalist funding over this last year and apparently there was a issue within their script. So this is right now an ongoing development of developing story.
Open c did a terrible, terrible job in disclosing what the heck was going on. People were freaking out within the crypto community, they thought openc was completely compromised and they didn't understand the implication of how far this went. Openc did come out with an update. This was their one of their most recent ones. Coming out earlier today, our team has been working around the clock to investigate the specific details of this phishing attack. While we haven't yet determined the exact source, we want to share a couple of eod updates or end of day updates number one: we've narrowed down the list of impacted individuals to 17, rather than the previously mentioned 32. Our original account included anyone who had interacted with the attacker rather than those who were victims of the fishing attack. The attack does not appear to be active at this time.
There's been no activity on this malicious contract in the last 15 hours and the statute will keep you updated. As we continue to investigate a lot of verified users on twitter, they were coming out and they're voicing their uh. They were pretty disgruntled. I believe one of them was andrew wang.
If that was uh. That was his name. I remember he did mention and tagged openc and one of their developers as well. Just talking about how just frustrating it was for the entire space, one of the users that did get caught, uh, where they actually had a lot of their nfds liquidated.
Was this individual? Here, the king goalie i've been following along on a lot of his uh tweets. They haven't been getting too much mainstream attraction, but yeah actually andrew wang. Here it is, they have been getting too much mainstream attraction, but he has been talking about doing his own investigation and seeing how he was getting hacked. Some of this is kind of funny.
He had a lot of his nfts hacked, but his uh crappier ones. The hacker ended up, sending it back to him a little bit of a troll. You know the crypto space is always a little bit of half trolls and and some funniness in the space. But when it comes to you know people's life savings.
I think that is no joke right there. It sucks when you open your account. You've worked hard to grow, your portfolio say from a thousand dollars to a hundred thousand dollars, or even the seven figure mark and all that ends up being gone. The big takeaway here is, if you guys are in crypto, do not ever open an email account unless it's coming from a verified domain address, make sure you never click on an email account unless you are 100 sure that it was you requesting for certain information uh.
The debate right now is whether or not open c did have a bug within their code that they never addressed. That came up, which is a is a theory that i am leaning more towards right now. Openc will not want to admit that if they show that they had any flaw within their system, it's going to take away from a lot of the credibility and a lot of the money and a lot of the investors that have been backing them. They're going to disappoint a lot of people, but this is also going to make space for other exchanges to come on board. I think right now, it's just so important for us to make sure, as we continue to navigate this space and while regulation is still up in the air on both sides be careful about what you open uh, even with your own crypto. You want to be very careful about even the exchanges you use or how you lock down your meta mask your hot wallet, your cold storage wallet for me personally, i like using cold storage, wallets uh and, if i'm ensuring i'm not earning some type of yield that I can get from another exchange or, if there's a staking protocol, where i can emphasize the amount of gains i can get, if you guys don't know what any of that means just think about this. If i was using crypto.com, they have the crypto.com visa card. In order for me to access that, i have to stake cro, which is their native token.
I'm not gon na be able to do that on a cold storage wallet. This is income that i would lock away kind of like a 401k. I know that it's going to be safe as long as my physical keywords are not visible to the public that is stored away somewhere safe, and these are all steps that we should just be taking. There's just so much fraud going on in this space, and the last thing you want is for you to get burned a lot of people get burned and they never want to get back into crypto again and the cool thing is, you can make sure that it Doesn't happen to you, you can take all the precaution.
Precautions that you have. You can really lock down your security, but the matter. The truth is because crypto is decentralized. This can happen to anyone, so just be careful out here.
Next thing i did want to talk about, which is the actual meat of this video is going to be the u.s president biden to issue an executive order on crypto this week. We talked about in february how this month was going to be critical for radical change. Regarding what crypto regulation was going to look like, especially within the u.s, now, a lot of good news actually comes from this. When we're talking about executive orders, it sounds pretty bad.
It reminds me of executive order, 6. 6, 66. 666 from star wars. You know when uh emperor palpatine was going ham and the jedi had the fallen order.
A lot of disarray comes from that word, executive order. It feels like the people have no say it feels like government doesn't have true democracy, but in issues like this and even context of traditional executive orders, we've seen it play out, at least with the biden administration at least 80 different times within the past year. What you have to know with this executive order with regards to crypto they're, trying to just focus on three simple things? This is going to be cbdc or cryptocurrency related to central bank digital currency. This is where stable coins relating to the government, where they have a little bit more control over this asset, is going to come into place. They're also talking about how they can regulate more of the space in terms of security and safety, we saw the fbi opening up their own full division. I used to watch a lot of the tv shows back in the day i used to love law and order like criminal minds, and i know with some of those shows they have their own special unit where they work on interesting cases like this. I just imagine that you know analogy going towards what the fbi is building, i'm sure they're going to have a superstar team of geniuses that can help individuals like the recent bitfinex hack uh, where they were able to work alongside developers to make sure they can track. That money, so it never gets lost or it just continues to get laundered and then criminals end up having money that they didn't work for.
Well, they worked for it in an illegal way, but they didn't work hard for law abiding citizen way. The other issue that we're going to talk about, or the other point with regards to crypto stability, financial regulations, it's going to be the fsoc. If you haven't heard of this, is the financial stability oversight, council and they're going to examine financial stability issues stemming from digital assets as well? According to the imf, the crypto could soon pose risks to countries financial stability uh. They state the attorney general and the ftc, and the consumer financial protection bureau will study how the growth of the crypto sector could impact market competition and the ftc also recently issued several warnings about crypto investment schemes.
So this is just another point that we really need to discuss. There's been a lot going on within the past few months with regards to crypto schemes. I know recently we had some influencers getting sued too so jake paul, safe moon, let's type that in guys. So the safe moon pump and dump lawsuit targets.
I remember so many so many new investors were egging me on brian talk about safe moon, safe moon's, going to the moon. It is safe but uh a lot of my creator. Friends - and i we knew this early on - this - is what i stated in my youtube videos. This was clearly a rugble.
This is clearly a pump in them. This is clearly not a legitimate project that came about the whole dogecoin uh and right before the shiba inu era. This was not a project that i ever would have felt comfortable ever talking about making a video on and now that the conclusion is starting to roll around and we're seeing class action lawsuits where celebrities who were involved on this are getting sued, something we can discuss Now so, if you guys didn't know, jake paul made a tweet a while ago talking about how everyone needs safe moon or this is going to be you safe moon also came out the tweet they talked about how tomorrow will reveal quite possibly our boldest innovation. Yet this is this is where you can start seeing the uh congruencies with a lot of scams, we're going to reveal the biggest innovation. Yet something is forthcoming. We don't know when it's going to come and we don't know what's going to come, but it's going to come. You just got to be careful about wording like that. They talk about how their ceo is going to discuss why this is going to be the biggest moves within the crypto space uh.
If you guys take a look at the safe moon charts, they just gave us a coin market cap review here. You'll notice that they had a huge mega pump, just the pump of all pumps and then, after that they had another pump. A little bit of consolidation. They dumped a bit had a little second run.
A little bit of a cpr. Revitalization and they've been having some very funky looking squares and right angles moving towards after that, and this is where we had the rug pull attempt coming from other involved celebrities. Interesting enough, you got other rappers like soulja boy involved in this alongside others. I do believe kim kardashian too, was in on this as well uh, but this is really where we're gon na see a lot of regulation happening.
Nick carter was another one of those individuals just be careful about what you're hearing on the internet. I know this is another youtube video as well you're, like brian jung is just you know, you're youtuber too. Just you know, all i'm saying is if it's, whether me you're watching or any other influencer just be careful. Do your due diligence trust your gut all right, because a lot of people got hurt.
You know these class action lawsuits don't happen for no reason people get hurt. People lose their money. Some people get kicked out. Some people worse may happen right so moving on.
Let us talk about some global crypto adoption, two things: russia and india. Why is important? Why does this have to do with anything? Why is this something that we should be keeping an eye out on? First of all, russia went ahead and reported that the government is going to introduce some crypto bills to the parliament over central bank objections. The ministry of finance is pushing forward with crypto currency regulation. Russia and crypto payments will still be prohibited.
The announcement highlights the policy split with the bank of russia, which opposes regulation and would rather see cryptocurrency trading and mining banned. The central bank, which has been pushing for the pilot of its central bank, digital currency, the digital ruble, make sure chat. Am i saying that right, rubble ruble al? It's rumble, you know what we'll just call rumble has suggested: a punishing crypto trading and insurance with fines up to five hundred thousand rumbles six thousand uh, six thousand three hundred sixty dollars for individuals and one million for companies. Pretty much what you guys need to know is that russia is working hard right now in making these type of uh regulations going on. I know other countries are racing right now to make that establishment going on central bank cryptocurrencies and the stable coins will be the focus that we're going to see within the next year. This is going to see this is happening for mainly one reason. It's going to allow the government not only to track what we're doing as citizens, but it's going to give them an opportunity to really involve themselves in the space and have a little bit of power when the government starts losing that power. That's when things don't get pretty that's when things get a little messy, governments want to retain that and we're going to see that happening across different spaces.
In addition to that, this article really touches upon pretty much what we mentioned as well, just giving a little bit of a different point. But this is the russian finance ministry and they said crypto shouldn't be legal currency. Russia's finance ministry opposes giving bitcoin legal tender status as the country moves forward with crypto regulatory plans. The russian ministry of finance has revealed detailed of proposed a cryptocurrency law, and the announcement comes as tensions between russia and ukraine mount.
So what does this have to do with russia and ukraine? Well, they're! Beefing right now, russia wants to open up their real estate a little and they're, seeing the little brother, ukraine, who is a little bit vulnerable at the moment, and they do want to make sure that they can move forward. And although this does break the nato treaties - and you know a lot of the agreements that we've seen before in the past - russia is being russia right now they are looking to expand and this does affect the investment markets as well. I do want to talk about why this is important to a certain degree, this is going to be going into the idea of global crypto adoption. So before we talk about what india's doing next - let's talk about this in north america, we have 28 million crypto users, but if we compare that to other countries, if we even take a look as an example, europe, which is at 38 million or asia at 160 Million dollars, you'll notice, that crypto is just more than outside the u.s it's more than outside canada, it's more than outside most developed countries.
It's a group collective effort of the entire global world, the entire earth. So this is really interesting because we can actually get an idea of how much users how much money is going into the crypto markets so believe it or not. The number one crypto market is going to be india. There are 100 million users compared to the usa, which is at 27 million, and then we have ia, 13 million in terms of crypto owners and what you'll notice here is the percentage of the population. I find this so bullish for the uh space. This is because we are still not even in double digits for most countries, with the amount of percentage of the population getting into crypto. Imagine all the uh crypto ads that we saw during the super bowl. If you guys try to go to any sporting event right now, ufc is owned by crypto.com we have sofi stadium, which has exposure to the crypto markets as well.
We have ftx owning their own arena, we're seeing bitfinex and all these other smaller exchanges, getting their logos on jerseys we're going to see the population of the entire world getting more and more involved into crypto. And when that happens, when we get new money, we're going to see the price of the markets expand it's just a matter of. When is that going to happen? When is the consumer confidence going to come back uh? That actually happens during probably the worst times to invest when the market turns extremely greedy. When we do see bitcoin going on another rampage say it was back at 50 to even 60 thousand dollars.
That's when new money becomes interested uh, and that is why a lot of the viewers - or you guys right now, watching these videos have such a strong advantage. You guys are going through the ups and downs of these crypto volatility swings and you're not going to be entering when all that new money starts coming in as well you're already into the space. You already have your positions bagged up when that new money comes in when you know people who have never invested into anything, they decide to yellow their money back into bitcoin in a few months from now. That's when you should decide to sell, not financial advice and they're going to be your exit, that is, where you're able to profit just by holding through these times and making sure that you're not emotionally invested into the market um going to uh just the global crypto Market just what we're seeing this is really interesting: boom boom boom, making sense of india's new crypto rules, so india's first concrete steps and acknowledging crypto may finally be here after spurred both excitement and confusion over whether the country is approving crypto as an asset.
So first, the government intends to levy a 30 tax on any income generated from crypto transactions and a second tax of one percent on all transactions, also known as the tds uh, if you're living in the u.s. You might think that this is ridiculous, but, depending on your tax bracket, we're already paying short-term capital gains in this amount, uh 30 tax - it could be worse in europe, i know, is a lot worse with other common goods. If i'm trying to buy a new watch or any designer good uh, and that is getting caught and uh you're getting income tax on top of that, it adds up. Second, india and india intends to introduce a digital rupee, a central bank, currency or cbdc, something we just discussed as well with what the us wants to do and with what russia wants to do within this financial year. What all of this pretty much means for crypto and for us investors is that now india is starting to accept what crypto is. If you guys didn't know, this quote right here: significant no longer go to jail previously before in the past, investors in india of crypto were getting so much word from the government where this was even happening. Just last year, when crypto was going on the bull run. If anyone who was a citizen of india was involving themselves into crypto, they could have gone to jail, they could have found themselves getting hit with a pretty extreme fine.
They state right here, uh india's yet to be introduced. Legislation could still impose jail terms or fines, but not for simply trading in crypto, but they would apply if one violates new tax rules that that determine how much the tax pay. Thirty percent tax on income from transfer a one percent on all transactions and then two other conditions are that one cannot offset losses from a transfer of digital assets against any other income and that gifts will be taxed when it is in the hands of receipts and Ndtv also reports that individuals and corporations violating government rules on crypto finance will face fines on up to 2.7 million dollars. Let's get that out of my system so with that being said, guys global crypto adoption continuing to rise up and we're seeing other countries starting to onboard the train.
This is really where that pivotal moment in all this is going to happen with india. We still only have 7.3 of their entire population owning crypto uh. The statistic on how many people in the entire world that are unbanked is astonishing and when we do have more and more access to peer-to-peer currency or being able to just send money or regardless of whatever your financial income situation is or where you live in the World, where you can have potential to make more money, that is going to be huge uh. The one thing you do want to note.
When it comes to india versus the us, the per capita is going to be much lower. So, although there is many more citizens of india and u.s is just a quarter of that right now, this doesn't mean that india is going to have a much more drastic impact on the market when the per capita or how much monthly income that their citizens earn. Is going to be much more less so if we talk about that just going into some data, the income in india is not too high. Based on what i read earlier here, it is it's actually a thousand six hundred seventy dollars, uh based out of 2016..
So your household income, if it's one thousand six hundred dollars per year, you'll notice that it doesn't have too much effect in the market, especially if they're investing about 10 of that. But numbers do play a significant role and it's going to really. You know just give us an edge in the overall space of the market uh to wrap this up very peaceful. I like that we're gon na be doing a quick little review just on what we're seeing as well in the market, seeing if there's any big buying opportunities today i was actually looking for more metaverse plays to make. I know decentraland if you do want to buy some real estate, it's right now, on average about 12 to 14 thousand dollars for the floor price, which i don't think is too bad right now, especially if you expect to see another explosion in the space later on. Uh, what i found really fascinating, though earlier today was the jp morgan report on metaverse. They came out with an in-depth report and this actually opens up a lot. So let me see if i can pull that up six days ago, it was a full pdf which i found very very fascinating.
Let's actually open up the discord, guys brian's research, so i went through this report actually twice today, just because it was so relevant to what we're seeing today, if you guys are trying to make plays within the crypto space, and things are rather slow and you do Have a lot of your allocation already in the layer, one protocols, uh and just positions that you start dollar cost average into what i'm trying to adjust into next is going to be that metaverse play uh. I do want to enter more blue chip, nfts, meaning those nfts are a bit more expensive that are going to hold value just in case we do see more volatility within the crypto markets. Themself, for the most part, nfts have been holding stable, we've just been seeing less volume going into them. I do think the same opportunity of what we saw early on with nfts is going to actually be within the metaverse play uh right here we are actually seeing jp morgan breaking down the whole potential of what metaverse is how it compares to web 2.0 web 3.0 And then why right now is so important? The big thing to note is, we are still very early on into this space.
Metaverse is even beyond the point we had that one spike it brought in users, but i do believe the hype of it really went down for us to even gauge that i like to use google trends and just see where we are. I'm sure nfts is continuing to slide, but let's check it out and just confirm this, so nfts is going down significantly right now, just in the volume. But let's compare this to something like the metaverse play. Metaverse is also going down and let's go into crypto.
Crypto is also it's going a little bit more. It's a little higher. I think interest in crypto is going to go up just because of regulation uh if you are not into crypto - and you happen to be watching like walking by tv they're talking about now on tv more than we would have experienced way before, but you'll notice that Even with the red line right here with metaverse, we had that one spike going up, but we still haven't seen a huge high peak of even a hundred based on google trends as value investors. I like to find opportunities where the hype is still not there yet or it's just accruing it's waiting to brew. I think that is going to be the most advantageous for a lot of us investors trying to get into this space. The easiest way to invest into the metaverse is by getting one of the crypto projects that can be either decentraland. That can also be sandbox. We, which actually took another hit too decentraland currently at 2.49 today down in the last one month, still nowhere near the uh dollar 83 cents that we saw back in january.
But if we take a look into sand or even gala games, which actually had an insane pump earlier this year, because they even talked about coming out their own physical roller coaster, it's all going to be huge news. That's developing, so sand looks like they're still retracing. Quite a bit back, even in the last seven days, you're still seeing the bottom out here we did get a member within the jungle, our discord, talking about whether or not it's a good time to buy and here's my philosophy behind metaverse if it does take longer For this space to develop, this is obviously going to be that long-term hold if you're trying to go for easier swing, trades or day trades within these markets. I think there are a ton of other cryptocurrencies where you can chart it out and play it a bit more accurately, but i think it's all about diversity.
We mentioned this so much on our channel in order to just survive any type of catastrophe within the market. You should have diversity within platform related crypto tokens, binance ftx funded crypto tokens that are going to be around no matter how bad the market takes. You want to make sure that you do have some stable coins that are earning you interest just just in case. We do hit a bottom or an even lower price target for bitcoin, even on top of that, if you want to go for your high risk place, you have those micro cap projects that can 10x or 100x if bitcoin does decide to rally.
I do like having a good sized portfolio of everything, a 10 10 15 25 and then maybe a 30 split and then filling in the gaps with the micro caps. I think it's not a bad idea uh, but if you have all your money within crypto just know that nfts is viable. Metaverse is viable, find a game that you're into that really resonates with you. If you like, sandbox because of the graphics more than decentraland.
Obviously, you want to do more research in that area as well. For me, i do know that i don't know it for the for, like you know my crystal ball type of knowing, but i have a very, very strong feeling, at least with my weakness, that metaverse plays like this decentralized sandbox, and we have all. These companies have been doubling down over the past few months, especially just even the last year or two, it's just so difficult for you to bet against this project. That is my opinion. So i think the play right here is to just continue loading up those bags. You don't need to yellow everything in in one day, you could stretch it out over the course of a few days a weekend even a week or even a month. I personally am expecting more volatility in march. I think, when rate hikes are announced, we are gon na see bitcoin going for another tumble, and that doesn't mean right now.
I'm selling everything off. I know that i'm hodling long term, i'm riding the dips and if i see a more confident enough dip in the market, i'm going to be buying that up. I have my orders set for certain cryptos and they're going to be triggered automatically and then other cryptos. I'm just keeping an eye out on so that is pretty much today's video, you guys, let me know if you guys enjoyed this type of format down in the chat as well a little bit of a longer live stream um, but we got 1600 people.
We got double the amount of people than we had before drop a like down below. If you guys did enjoy these type of videos and one more thing, i know block fi, they didn't do a good job recently with their uh interest, bearing accounts, but they did make a pivot, and this is going to be the block five wallet. So obviously they still have their block. Five rewards credit card that you can also apply for uh, but in order to move through these sec regulations they have changed a little bit of how they operate.
I am still a working partner with block fi. I never work with shoddy projects. I never work with like safe moon or anything related to that. I, like working with exchanges, i like working with my traditional companies, coinbase gemini, crypto.com ftx block fi block fi.
They have been under the ropes a lot the past few weeks, and i know a lot has been coming up just with regulation within the sec, but i think they've been doing a good job just navigating through, if you do have your assets with them already with Those interest, bearing accounts - you are grandfathered in, but moving forward. The only access you have with them right now is the wallet they are doing very similar things to what other exchanges are doing and they're, offering very low minimum interest. Uh low minimum transaction fees in order to buy trade and sell crypto so check it out that is still viable, and, on top of that, guys, don't forget to check out coinstats it's actually listed down below in the description as well. This is where you can organize all your crypto portfolios.
I use a lot of them, as you guys can tell. I have eight or nine on the top my head, i'm not going to log in every single time to each one of them, trying to figure out which crypto i'm trying to look into. What i do is i just link them all to coinstats. I export as a csv and then it makes a master pie chart.
It gives me a whole analytical read, so i actually got you guys. The best possible deal that you'll see on youtube. You'll not find that deal anywhere else. It actually cuts into my affiliate commission. So i can give you guys more of a discount if you guys want to check that out. It's listed down below coinsets did not ask me to say this. I just have been using them for the last year and i think you guys will find value on top of that if you guys are trying to join a community it's towards the end of the month. So maybe you wait off on it, maybe until march, because i know patreon charges, you guys when you first join our group, but our analysts have been making some sick calls.
We've recently had one that made 40 return on one of his trade signals in just the last day. Uh. I personally get full reports from my trade analysts uh, just to make sure that they are coming out the most accurate best trades that they can in this type of market. But if you guys want to have access to some of the research, i'm doing my portfolio.
My pie chart other things like that that is always available for you, but if you're like struggling financially or whatever the free content on youtube, like i said it's always enough, don't worry about the paid groups. I don't think you have to pay for anyone's paid group. Even mine just watch these videos stay educated and make sure that you're not letting your emotions get ahead of you dollar cost average over time when the market picks up we're all going to be uh zipping around in our lambos, and i think that's when it's going To get real fun so, in the meantime, guys stay up to date. With the news follow me over on instagram uh, i recently did a cool little piece with vogue business if you guys want to check that out.
It's on my instagram story right now. If i sound a little dead and tired, it is because i am i had a ton of meetings today and i am hungry to not eat today. So i'm gon na get some food guys and uh. I'm gon na work on this next video, for you, guys and i'll see.
Y'All soon have a great day my jungle nation. I appreciate y'all dondy, randy, briggs keller, alexander omega stargazer, josue amaya. Thank you guys and i'll see y'all soon. Peace,.
Thank you Brian for the good video
Crypto and nft is the future
Here are programs on tv to show that.
I have no fear. It will grow and grow
JB shi$ himself again
I Always appreciate your updates ๐ ๐
Thanks my jung brother first 10 comments yeah๐ค๐ค
Brian is awesome
hi thank you for educating me on crypto
Peace, thanks Brian
Great
Good stuff Brian and keep it up
First!