BlackRock’s Bitcoin ETF is BIG & more than what it appears.
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Timestamps:
0:00 – BlackRock’s Bitcoin ETF is BIG & more than what it appears.
1:37 – Something FISHY is going on…
4:41 – Their Secret/Shadowy Plan REVEALED!
6:45 – After the Bitcoin ETF, what’s next? (altcoin explosion)
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin & Ethereum.
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Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT, GRUMPYCAT
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That's the big story here is the price Has to go up you know that BlackRock has Filed for a spot Bitcoin ETF the great Accumulation race is underway you know This is a huge deal for the crypto Industry how big of a deal is this BlackRock ETF this is what's going to Happen everyone's heard of the Space Race where a bunch of countries got Together and they all tried to get the Space first but now what we're going to See is the great accumulation race we Have institutions and individuals all Scrambling to try to get their share of The 21 million Bitcoin that will ever be In existence this will be a huge Catalyst for Bitcoin and crypto adoption There's a lot of reason to think that This ETF will get approved BlackRock has Too much lobbying power money and Connections not to get this done when The BlackRock ETF does get approved this Will send a Cascade of institutional buy Pressure into Bitcoin specifically and Open the floodgates to crypto adoption Broadly a 10x in the price of Bitcoin I Think is totally reasonable think about This the retail investor for 15 years Now has had a head start and they've Accumulated all the Bitcoin that has Been actually mined and put into Circulation but 68 percent of all of That Bitcoin in circulation hasn't moved In over a year and so what that means is
When Wall Street people like BlackRock And other organizations that have now Filed for these ETFs or other products Show up to the market and they want to Buy Bitcoin Bitcoin is a highly illiquid Asset and these bitcoiners don't want to Sell to Wall Street and so the only Thing that can move when you have a Fixed Supply asset that's highly Illiquid and there's a bunch of demand That comes into the market is the price Has to go up something fishy I think is Going on though as you know coinbase is Being sued by the SEC yet BlackRock is Partnering with coinbase to custody the Bitcoin and BlackRock still needs the Sec's approval and BlackRock only makes A move like this if they know it's a no Lose for them the question is what does BlackRock know about the SEC and Bitcoin That the rest of us don't pay very close Attention to this discussion on CNBC Think about what they're saying we have Seen a Spate of new Bitcoin ETF Offerings recently uh including from BlackRock even though everybody knows The SEC and Gary Gensler is completely Hostile to the idea everybody said well They're going to say no to a Bitcoin ETF Just like they said no to everybody else But I'm wondering why now what is why What does BlackRock think they're going To get out of this effort you can't get Away from your favorite subject here
People ask me about it and I don't have An easy answer for it I always think Something I'm missing something here I Think you're right I think you're Sniffers no no I think you're you're on To something I think your sniffer is Always really pretty good Bob if BlackRock all of a sudden has filed for A Bitcoin ETF that's not Futures based It's spot Bitcoin okay and Gensler said No way that's not going to happen but at The same time they're bringing together Some pretty good partners from a custody Standpoint they've got Bank of New York Melon they've got coinbase right they've Got an agreement of surveillance Agreement with NASDAQ to help with the Security aspect of it so they're trying To show the SEC that they're putting all The safety Provisions in place to give Them the confidence to give them that Acceptance of their application I think The big thing we know as ginsler said We're not going to do anything there Unless we have the exchanges regulated And coinbase is not regulated but that's My question do you do you think this is Going to change their mind I can't Without the without the clear regulatory Authority and they're not getting a bill Through Congress so now he's just Resorted to to essentially suing Everybody he's doing he's trying to Regulate uh by uh essentially by by
Filing complaints yeah um I don't see How this changes anybody can get it done Would you would you bet against BlackRock no you know they're they're The bmoth right they're they're they oh I'm thinking I still don't quite get I Know how they're going to change his Mind I mean if they can partner with Coinbase and say look You agree to get regulated what would That do to your business imagine Institutional investments just one Percent allocation to coinbase and what That would mean it we're talking about a Lot of money so there are a lot of People like you that are saying huh is This finally the time is it going to Happen we're going to follow this very Carefully folks because again They're not going to waste their time Trust me BlackRock isn't if they don't Think they have some Chance by the way Make sure you subscribe to our channel Daily videos just like this keeping you Informed on the entire cryptocurrency Market if you're interested in making Money in cryptocurrency subscribe to our Channel daily videos the fact is Backroom deals are par for the course With institutions and people like these Insider Agreements are how these people Do business I'm saying that BlackRock And institutions like BlackRock know That crypto is here to stay they're
Trying to get in business not for the Next few years but for the next few Decades with crypto they always do stuff Like this scare retail away during the Best times to buy Take a look at this Take a look at this Take a look at this this terrible price Action crypto has given us pause and Forces to ask a tough question should we Continue to cover Bitcoin and the answer Is sadly no so Gary Gensler says crypto Needs to be cleaned up but then approves Fidelity Citadel and Charles Schwab for An Institutional crypto exchange only For institutions scare retail hold Retail up Let the institutions get in Because they missed the first 12 years When retail was accumulating And by the way even if BlackRock does Face certain challenges with the Approval this signals to everybody in The world the direction they intend to Proceed in a mass accumulation is Underway and so I think that BlackRock Right now is realizing if you just Bought Bitcoin and held it since the Start of the pandemic you've Outperformed almost every single hedge Fund on Wall Street you just Bitcoin and Chill and I tend to think that these Investors they're not going to go put 100 of their assets into Bitcoin but What they are starting to say is does
This warrant a one two three percent Allocation into a portfolio and I think That that argument is becoming much more Hard to ignore and so what I think You're going to start seeing is that These large asset managers say we have To have a product in the market this is My final point this is what most people Aren't considering I know subscribers of Altcoin daily think about this you guys Are smarter than the average crypto Investor but most people don't think Like this after the Bitcoin ETF gets Approved what's next there are many Legitimate crypto Assets in the space Today bad ones obviously but good ones Too obviously what crypto coins are After Bitcoin well you know four years Ago like almost to this week I kind of Gave a shout out it wasn't endorsing Kind of a fake shout out to Litecoin you Got Al Goran you got Solana you got Dogecoin you got ether how much are you And any of these ones to your point the More risky ones the more gambling not Boring old Bitcoin in a way but taking a Maybe taking a a investment risk down That crypto ladder if you will Anthony Bitcoin is the king I don't think that's Going to change it's over 50 of the Market today hash rates at an all-time High if you go and you look at wallet Addresses with 0.1 Bitcoin or one full Bitcoin hitting all-time highs and I
Continue to think that Bitcoin is going To continue to prove to be the winner in This market and so if you're somebody Who's looking at the market it's just Like buying the S P 500 Index right you Just want the boring thing that seems to Keep compounding for a long period of Time and it's a Timeless investing Principle buy great assets and never Sell see Bitcoin only people get on TV And they continue to try to hide the Innovation going on in the crypto space But you and I both know that big players Like BlackRock like Fidelity like Citadel like Charles Schwab they know The biggest gains will come from Altcoins hey if you'll be in Portugal Around the 10th through 12th of July use Our code altcoin daily 50 for 50 off Tickets to block down Festival it's not Just a conference it's an experience It's a Festival we'll be speaking there We'll be hanging around I hope to see You there again use our code 50 off Tickets