*The Massive Game Changer for Bitcoin | The Bitcoin ETF BREAKDOWN*

in this video we're going to discuss the

approval of the Bitcoin ETF should you

invest in Bitcoin and what could this

mean for the future price action of

Bitcoin let's touch on it by first

getting to the excitement so the dtcc

which is basically a Clearing

Corporation it's literally part of their

name uh service providers like ETF

creators uh can end up having their

shares cleared through the dtcc

ultimately have has a new listing

showing up on their website and it's

ibtc the I shares Bitcoin uh ETF and

this ETF is tracked by Eric now Eric

here uh is a Bloomberg reporter and he's

a big deal in terms of following ETF

launches and he writes the following he

writes the I shares Bitcoin trust has

been listed on the dtcc depository trust

and Clearing Corporation which clears

NASDAQ trades and the ticker will be

ibtc again this is all part of the

process of bringing an ETF to Market

that's right you get your ID you get

your ticker your title has to be

approved your name naming is very

important with ETFs has to be approved

by the SEC I know because I have an ETF

that's listed on the NYSC ARCA and it's

a big process you have to get all these

steps in place before you're actually

ready to start functioning now one of

the cool things about this though is it

means maybe we're actually getting close

to that official BTC approval now we've

seen many false starts and sort of leaks

around the idea that oh here we go the

Bitcoin ETF is coming and we've

regularly rallied from 26 27,000 to

30,000 and then we get rejected by 30

and every time we get rejected by 30 we

fall back down but now we've broken out

and it's crazy because if you look at

the chart you can see the Fibonacci are

working almost perfectly look at this as

soon as we got our breakout on this

lower region here what happened boom

right up to the next FIB level oh close

to about 359 we're sitting about 354 at

a Max right now it's trading for about

34 uh and so the question is will we

actually be able to break through that

next fib after the official BTC ETF

approval well so let's talk about this

first it's really important to start by

remembering that the SEC has been very

anti- crypto and this is led by Gary

gendler the chairperson of the SEC Gary

gendler in a now pretty famous interview

on CNBC said what do we need digital

currency for we already have digital

currency it's called the dollar now I

personally don't think that Gary

gensler's comments resonate with

everybody at the SEC or quite frankly

resemble what America wants I actually

think that most of America when it comes

to BTC looks at it as look if people

want to invest in BTC and Bitcoin they

should have the right to be able to do

so in the safest and most secure and

accessible manner possible now this is

of course where we're going to get into

a little bit of a debate because

theoretically the SA EST way to store

your Bitcoin is by having your keys on a

hardware wallet which is just a set of

words right this is encryption keys or

these are encryption Keys the problem

with that is you could end up like the

guy who ended up you know basically

trying to unbe a landfill because he

threw away his Hardware keys and

apparently didn't have enough Hardware

backups if you're going to go Hardware

at least have many Hardware backups in

different places of the world okay you

know get a safety deposit box in New

York York get one in Seattle get one in

Florida and get one in Cali you know if

you've got a lot of money in these

Hardware walls but the problem with this

is all that takes hard work so it will

reduce your adoption to people who are

sort of really into this these are like

your first adopters it's like sort of

your 20 to 45y old dude who buys a Tesla

okay the next big thing for Bitcoin is

how do you get moms in it how do you get

Grandma and Grandpa in it you know how

do you get older dudes in it that's what

matters for your next wave of real

adoption because having an ETF now

allows other institutional investors to

actually buy into Bitcoin outside of

something like the grayscale Bitcoin

trust problem with the grayscale Bitcoin

trust is it's always wanted to become an

ETF but because it's a close-ended fund

and not an ETF it's almost always sold

at a discount and that's left a lot of

people really bitter about Bitcoin

because they're like bro you know our

institution invested in the great scale

Bitcoin trust and it sells at you know

30% discount on average which is crazy I

mean during the hype cycle was selling

for a 30% premium because institutions

couldn't get enough of their money their

their hands on bitcoin but all of that

goes away like you don't even have to

know what any of that means what I just

said all of those problems go away when

you have an ETF because an ETF trades at

what's known as a net asset value nav

that's actually a really big deal nav is

what are the underlying assets worth and

that's roughly what it's going to trade

for that's because you have these we we

call them mini market makers called

authorized participants and they

basically mini market make ETFs uh to

Arbitrage price differences and keep the

ETF trading as close to net asset value

as possible okay in English ETFs are

substantially more liquid this means

it's a lot easier for an institution to

go we're putting money into Bitcoin

today we're taking it out tomorrow right

that liquidity

increases people's interest in adopting

Bitcoin it increases people's interest

because people don't want to feel like

they're locked into something

unfortunately when you have this sort of

liquidity you're not necessarily going

to get a massive flood of investors day

one and I do think you're going to get a

big flood day one but the question is

will that be substantially higher than

people think is every pension fund is

every hedge fund is every other actively

managed ETF going to turn around and

start or even passively managed ETFs

which are like more than 95% of the

market are they going to turn around and

start adopting

Bitcoin probably not in high levels yet

and I'm going to explain how I think

this works out and how it plays out for

the price of Bitcoin got to throw in a

plug though my real estate startup house

hack if you're looking to diversify

we're basically raising money at net

asset value one: one cash right now

that's crazy for a startup to be raising

money at a on toone valuation basically

when you invest you know say we raise

$10 million the valuation of the

company's $10 million that's wild

obviously they're processing fees that

the company pays and stuff like that to

raise money but the point is we're

nearly raising at net asset value which

is amazing that means nominal if any

dilution for investors very very rare

learn about house Haack by going to

house hack.com read the offering

circular this video can't be a

solicitation as the circular has to be

that but read about it obviously there

are risks investing in startups but I'm

really excited about it and uh you know

I feel like personally I'm like so

all-in committed to house act it's my

baby can't guarantee it but knock on

would we got we got to kill it so anyway

going to my trajectory here on pricing

for BTC

so

I think what we're going to have and

many of you who follow me for a while

know I talk about this a lot when it

comes to the stock market having a sort

of a Nike Swoosh recovery in 23 a

volatile Nike Swoosh that's basically

roughly what we've had so far with the

stock

market when it comes to the adoption of

crypto I think you're going to have a

very very very

elongated swoosh of adoption unless

there's some kind of hype cycle again

between now and that next hype cycle a

very slow kind of moving increasing

adoption of BTC which could support

prices going up we know we have finite

Supply we have the next having coming up

in 181 days uh there there are a lot of

catalysts on the

horizon but the start of ETF

approval basically opens up the door to

institutional Investments institutions

are just other active ETFs passive ETFs

Pension funds hedge funds right these

are

institutions the problem is they can

only really throw money at that door to

the extent that their underlying

investors want Bitcoin exposure so for

example if I have a an

ETF I have to look and say well do my

investors want Bitcoin exposure you know

if I have an ETF that is thematic on you

know let's say there's a theme where

it's like I think uh you know an ETF

that you start in a high interest rate

environment will do really well if you

invest in pricing power stocks that will

do exceptionally well as interest rates

start coming down let's just say that

happened to be a strategy then uh that's

a strategy that you would have to sort

of pit against well does that include

BTC well maybe maybe not it it depends

uh people could make the argument that

BTC could be used as a hedge but the

problem is BTC is not a hedge to high

beta stocks it basically is a high beta

stock okay what does that mean in

English it basically means Bitcoin is

less of a a gold store digital gold uh

it is an element of that of course it is

less of an inflation hedge it is an

element of that of course Finance Supply

it's more of a risk asset which means

Bitcoin probably does well as interest

rates come down which means launching a

Bitcoin ET F when interest rates are

potentially at the

peak is quite possibly one of the best

times to launch a Bitcoin

ETF which means from the perspective of

a Speculator speculating on a Bitcoin

ETF maybe a month or two after launches

could be really desirable okay why a

month or two after launches okay so uh

let's let's explain this thesis and and

and no I'm not going to Pat myself on

the back and say I called the two top of

Bitcoin on video you could see my Tik

Tok for the

receipts uh I think I just did exactly

what I said I wasn't going to do

but is that characteristic of

flip-flopping or is that a joke I don't

know anyway

so let's

speculate okay so let's draw a high

interest rate environment so let's call

this interest rates this is what

interest rates have done let's let's say

interest rates Peak like this and then

you have this okay let's say that's your

interest rate future this assumes that

there's not some kind of dramatic crash

and then you get a massive plummet right

that's possible too so if this is the

interest rate trajectory and the Bitcoin

ETF launches

here ibtc which will probably lead to

the other ones we don't know that it's

official yet right but if this is the

case then you're probably going to have

most of the hype here and I personally

would probably want to be as close to

here as possible which is not here uh I

don't know that I want to be part of the

initial hype cycle I want to let you

know the aps get into their Arbitrage

Groove that'll minimize

spreads uh I think that btc's valuation

itself will be very pumped up on this

approval but I think adoption will be a

lot slower right like you you will see

an increase like this but then I think

you'll get something like that okay so

you get this you know initial surge of

Investments and then you get this slow

kind of swoosh up over time as rates

come down okay that means I don't really

personally think I want to invest at the

peak hype cycle when there there'll be

less liquidity for that

ETF I probably want to invest 60 90 days

later as the hype cycle dies but before

interest rates start getting cut

so that's that's my thesis now look you

have to determine your own thesis it's

really important that I mention I don't

have a bullish or bearish position on

bitcoin I mean maybe I have a leftover

coin or something somewhere but as far

as I'm aware of my portfolio doesn't

contain crypto and even though I'm a

licensed financial adviser licensed real

estate broker and licensed and becoming

a licensed stock broker this video is

neither personalized Financial advice

nor real estate advice nor is a tax

legal or otherwise personal advice t to

you this video provides generalized

perspective this shall not be deemed a

reasonably sufficient or endorsed uh uh

you know set of content for the purposes

of evaluating a security okay that's

really important and then I know some

people might be like wait but but is it

a

security okay whatever you call it

because that debate just really doesn't

matter right now whatever you call it I

can't make any kind of guarantees for

you or promises uh but what I can say is

yeah I I would I bitcoin's probably

going to act as a risk asset and I think

risk assets will actually do very well

I'm optimistic you know I'm an optimist

on on where we're going with the economy

so uh that means I uh I don't think that

we're going to have a massive Resurgence

of inflation and I don't think we're

going to have you know an ugly 2008 are

we going to have year-over-year turmoil

absolutely uh but uh ultimately I think

that uh you you'll see a slow

steady adoption for BTC it makes

adopting BTC substantially easier it'll

probably become something that people

have in their portfolio as a level of

diversification it's kind of like the

people who are investing in house hack a

big comment that we're getting is people

are saying I'm looking to diversify into

real estate you know I'm in crypto I'm

in stocks I got to get into some real

estate and uh that's how they're

choosing to do it so anyway thank you so

much for watching this is my take and

we'll see you in the next one good luck

and goodbye not advertise these things

that you told us here I feel like nobody

else knows about this we'll we'll try a

little advertising and see how it Go

congratulations man you have done so

much people love you people look up to

you Kevin PA there financial analyst and

YouTuber meet Kevin always great to get

your

take