Follow me on Twitter: @moonlamboio
SIGN UP FOR A FREE 7 DAY TRIALGET YOUR .CRYPTO DOMAIN AT UNSTOPPABLE DOMAINS
TRADE CRYPTO ON BINANCE HERE "LOW FEES"
DISCLAIMER: I am not a financial adviser. None of what I have communicated verbally or in writing here should be considered financial advice; it is not. Do your own research before investing in any digital asset, and understand that investing in any cryptocurrency is inherently risky. If you do, you need to be prepared to lose your entire investment.
Hello this is Matt on the moon Lambo Channel well it was just over 17 hours Ago that Bitcoin dropped as low as a bit Over $4,000 xrp got as low as 58 cents and a Lot of people were concerned that we Were going to see very quickly a Continued move to the downside uh There's perspective from one of my Favorite analysts out there credible Crypto and he was publicly stating at The time and he shared his his um of the Meas he was tracking and technical Analysis as to why he held the opinion That he did but he said no this looks Like this is going to hold here and he Actually said you know if we get back About 41,500 bucks uh you know and then that That we get a little burst up to you Know 42 $43,000 that's just going to be Further proof that the Bottom's in for This local move and here we are now at Over $43,000 for Bitcoin xrps back up as well 615 cents and the whole Market's moving About the same there are some outliers That are are way up but most coins are In the green a little bit by like a Percent or two over the last 24 hours And inj I don't know what this Particular coin is I see it pop up every Now and then but uh that one's up over 22% but I'll note that while everything
Else was down a fair bit um after that That notable crash in the morning uh This one was already up so it's not like This one's this one was also down and Then it just burst up this much uh so There are a couple like that but almost Everything was down to to some degree Yet here we are here we are moving Higher um and so there are number things I want to talk about but um I I want to Share with you this headline too because It's not just about what's happening in Uh you know in xrp spot markets on the Retail side what about institutional Flows that's why I always say there's no One single metric no one single fact to Consider when it comes to investing in Crypto broadly speaking or xrp Specifically but here's a really good One xrp beats Bitcoin ethereum in weekly Fun flows boast 2.7 million inflow and So I'll show you in a second we'll cover This towards the beginning part of the Video here but xrp my gosh literally Millions flowing in in a single week on An Institutional level while there are Massive outflows over the same time Period for Bitcoin and Ethereum well how about that and I also Got some stuff to share with you Regarding uh you know Bitcoin ETF Developments because as far as I'm Concerned it's a foregone conclusion Like this thing's coming
And so the rest of the year we may see Some fireworks I mean there's a chance That it gets approved this year a lot of People think it's more likely to happen In the first part of January but Whenever it happens like there's going To be fireworks it's going to be a lot Of fun and I think we're going to have a Pretty damn incredible 2024 but before Going further I do want to be clear I do Not have a financial background of any Kind I am not offering Financial advice And you definitely should not buy or Sell anything because of anything I say Right I'm just an Enthusiast who enjoy Making YouTube videos about crypto Related topics but just as a hobby and Just for fun and so um you know the Price movements um you know credible Crypto he he shared this video that's on Your screen and I don't want to Regurgitate everything I I do my best to Not regurgitate a bunch of ta that's not What this channel is for if you want to Get into the nitty Gertie and you're Super interested in all the technical Stuff there are people that really love That nerd stuff go there and they're Really good at it and I and I say that Lovingly the nerd number stuff right but Um but I did listen to his video and it Was fascinating because you know Credible crypto again like I said the Outs of the video his strong suspicion
Is that we're going to break you know About 41,500 and that would indicate like you Know in very short order it continue to Move up to 42,000 and 43,000 which he's Been correct about to this point anyway But you one of the things he said here Is like the gains that we've been seeing For Bitcoin and in crypto the last Couple months you know it's it's nothing It'll you'll you'll it's been fun but in The scheme of things it's nothing he Thinks substantially bigger moves are Are yet to come and in short order which Is part of what's so exciting about all This and and he believes that even in in Two weeks time and I don't mean two Weeks starting from now but over a time Span once this thing gets going over a Time span say two weeks you can see even From the point we're at now with bit Bitcoin he thinks it's very plausible That you could see Bitcoin climb an Additional $2,000 now imagine what that's going to Mean for the altcoin bags which is what I'm most interested in and I suspect That most of you are far more interested In your altcoins and specifically xrp as Opposed to bitcoin because that's where The real opportunity is for Life-changing wealth that's a no-brainer Comment that's that's obvious right but We do need to see Bitcoin lead the way
Because historically there's precedent That we just know that that's how it is Regardless of what the reasons are Bitcoin leads the way and everything Else follows right but uh but credible Crypto noted we're waiting for you know The current consolidation structure to End and we don't know exactly when That's going to happen but we're waiting For this thing to end and when that Happens that's when it's Like and and there will be pullbacks Along the way I mean I've been talking About this in recent days just to kind Of mentally prep y'all because I don't Know for sure what's going to happen I Don't pretend to I just know that this Is normal and it would be in fact it Would be weird if we go through a bull Cycle and we didn't see massive Pullbacks to the tune of over 30% that Would be weird you should be expecting That and so then when it comes you Should be like oh yeah remember that Silly ass Moon Lambo guy with the stupid Name on YouTube he did say that he did Say that you know this historic Precedent for this that guy must be a Genius right with a stupid ass name Mo That he must be some sort of right no It's just data it's just data and so my Point in bringing this up is so that When it does happen you don't need to Have any sort of fear associated with
You be like oh yeah good because it' be Super weird if this didn't happen you Just don't know when it's going to Happen so you don't try in time to get In and I I don't anyway I don't try in Time to get in and out of anything Thinking it will or won't happen I just Want exposure to the acid class that's It I don't worry about the timing up Because that's that you're just you're Adding risk and if you have a lot of Money like that's tremendous risk as far As I'm concerned and so since we don't Know for sure when this stuff's going to Happen just having brought exposure for A prolonged period of time works pretty Damn well Works in equities Works in Crypto but um you know he did note too You know there so you could see Bitcoin Pop even above $50,000 and then you could eventually See that we actually do drop Bitcoin Does drop down into the 30 something Thousand range maybe the upper 30 000s you know that wouldn't be crazy and It also wouldn't mean the end of the World but it will scare the ever loving Hell out of a lot of people just saying That but money's still going to keep Flowing in and it's delightful to see When on an Institutional level xrp Substantially outperforms Bitcoin and Eth especially when you see the retail Narrative out there and the frustration
In the world of retail and I don't know If it's most xrp holders not but it Might be I think a lot of xrp holders Are really frustrated they have this Idea in their head that man this thing's Just not going but that was the same Sentiment in 2017 before I jumped in uh And then it continued into the middle of December while I was there so I did get To witness some of that firsthand people Are frustrated why isn't it going this Is the stupidest coin ever and then it Melted faces it the same thing uh last Market cycle too it's just and and now We're seeing it again we're seeing it Again right here right now it's the same Damn thing if it's not going when other Stuff is going well now I'm an infant I'm a small child and I'm going to pout Him about it it's the same thing every Damn cycle but it doesn't make sense to Be feeling these ways just wait for the Damn thing to play out let's see what Happens and then if it didn't do what You wanted okay fine up a storm Maybe I'll maybe I'll jump in with you But it doesn't make sense to you right Now and again on the institutional side Millions of dollars flowing in in a Single week uh but money's coming out When it comes to Bitcoin so here's the headline xrp beats Bitcoin ethereum in weekly fund flows Post 2.7 million inflow and I don't
Really need to read the article I'll Show you some of the figures Here and this comes from coin shares They put out reports on this weekly and Fairly frequently I I share these Reports I just find it kind of Fascinating again this is all on an Institutional level but you can see for The previous week $32.8 million flowed Out of Bitcoin out of Bitcoin 32.8 Million ethereum 4.3 million flowed out Of it but here you can see xrp about 2.7 Million flowed into It and there are a couple others that Had a little bit more flow in that's That's fine too there's cardano 3 Million salana 10.6 million that's fine But where where's the narrative about Xrp just underperforming well what are The institutions doing here then it's Just it's a bogus narrative and this is Just another way I'm coming at it to Prove to you like this is nonsense crap And we don't need to worry about it this Is delightful what we've been seeing It's nice to see the move back up and When we see the moves back back down you Know even if we see over 30% pullback Which you should expect at some point Anyway that in and of itself doesn't Necessarily mean that the bull Market's Over you should expect it to happen it' Be super weird if it didn't happen at Least once right it happened like seven
Times in 2017 it should happen at least Once this time don't you think like There should be some Pullbacks now as far as the ETF stuff Because there there's no shortage of Opinions on this I think it's coming I've made no secret about that uh my my My new BET new er bet which and I've Been feeling like this last couple weeks Or so whatever it's been is uh I I am Now on the train based on new Evidence behavioral evidence that a Bunch of entities are going to get Approved for spot Bitcoin ETFs all at The same time I I was previously Predicting it would be Black Rock first And then my second guess is that it Would be a bunch all at once based on New evidence and I've talked about that In other video so I won't rehash that I Think that it's going to be a bunch all At once here but I had a question for People because there are some people That still think uh no this isn't going To happen it it's not happening come on G ginzler SEC not approving this Thing but we so here's what I posted Just just this early evening on social Media platform X if no Bitcoin ETFs are Going to be approved then why is the SEC Having so many meetings with all these Asset managers about their applications The SEC never used uh never used to for Previous applications this is new
Behavior do you believe the SEC is just Doing this for show if so to what end What would the purpose Be and so have you have you guys thought About it in such terms what is the Purpose what be what would be the Benefit of the SEC putting on a little Show here if that's what they're doing And I I don't think that's what they're Doing um Attorney John Deon responded to Me and said if not guinsler is pulling Off the greatest regulatory rug pull of Of all time and hey look if that if That's the case and it could be okay and Then you know I'll just extra despise That particular creature that Exists um so I wrote back to Deon and I Said um yeah he'd be tricking us for you Know for some you know what he'd be Tricking some unknown number of people Uh to YOLO into Bitcoin with the Expectation of the ETF being approved But still I don't see how that would Benefit guinsler personally or the SEC I Could be wrong but I'm guessing multiple Bitcoin ETFs will be Approved and so I just I don't see the Per why would they go to all this extra Effort to put on a show for What because I I understand that they're Under additional SC like they they with The grace uh grayscale case I understand What happened I've reported on that what Happened the judge they lost that
Lawsuit the SEC lost that lawsuit but Putting on a little show isn't going to Save them they need to take actual Action and approve the thing or they're Still in trouble and there's probably Going to be a whole bunch more Lawsuits so I think they see the Writings on the wall even if they they Hate it they're being forced into a Position that that's more or less what It looks like to Me and there have been developments on This front and um and look I'm not of The mindset that this thing gets Approved and then we suddenly have like $100,000 Bitcoin or million dollar Bitcoin I don't buy that I could see a Massive move to the upside probably a Correction people could be taking profit As or all there's probably some people That have front run this thing at least To some degree at least some I I don't Know confident I don't feel confidently In terms of what those numbers would Look like in what the percentage of Holders would be that have been front Running this thing but it it doesn't Matter like over the Long Haul as I keep Saying because I firmly believe this the Amount of money that will flow in it's It's hard to overestimate the importance Of this it's it will be substantial on An Institutional level and it doesn't Take much money flowing in for this to
Ultimately matter but I don't buy into a Narrative that it's just going to be a Flip of the switch type of thing but yes Over a prolong period of time especially Over a span of many years yeah I don't Think that these are going to be failed Products and in fact we've seen actually I'll highlight this first and I'll share With you some additional news on this Front there was um where's the there's a New ad campaign you got you here we go Right here you guys remember the most Interesting man in the world the doakes Guy from like 2006 there's a picture of On the screen if you need a little Reminder remember that guy it that was a Very successful ad campaign he his line Was what it was something to the effect Of uh I don't usually or I don't Normally drink beer but when I do I Prefer Doak remember that that's that Guy well he's been hired by I believe it Was bitwise yeah it was Bitwise um here I I'm not going to play The ad for you but here the actual Bitwise account you know filing for a Spot Bitcoin ETF they actually that's Him right there uh they put an ad Together with them and actually the Table they have sitting here I'll flip To the earlier part you can see it kind Of You know stylistically it looks like Those old doas they're heavily leaning
Into that I think it's fair to say which Is kind of funny and cool but uh I guess He now prefers spot Bitcoin ETS but um He says that but in the ad he actually Said that uh you know Bitcoin is Interesting so that's about as far as They were willing to go otherwise who Knows if dos would come back for some Sort of infringement because they're Stealing too much of the style that's Happ um but yeah so there's this ad and We already see even though there has has Been an approval of a spot Bitcoin ETF Bitwise had filed for one uh they've Already got an advertisement out for It uh that is fascinating I didn't know We were going to see this before these Things get approved so you can imagine What what are the ad campaigns going to Look like like what what are we are we Going to see him like during the Super Bowl you know 2024 can they can they get that all put Together quickly enough if it gets Approved maybe they could I don't know I Don't live in that world so I couldn't Answer that but there's going to be a Marketing BL blits on this stuff and so That's why in a video the other day I Highlighted perspective from Bitcoin Maximalist Anthony Pompano and whether You like that guy or don't like him he Had some really good points in terms of Uh what as he said the biggest marketing
Blitz in history and I do believe that These firms are absolutely going to be Fighting for funds because it's a it's a My God you're talking about United States here I mean talk about a gigantic Market and then you got Black Rock Jumping on stuff the largest asset Manager on the Planet uh what what y'all think's going To happen you know what do you think's Going to happen here uh there cuz once You've got these customers and you Become dominant you know you're going to Earn a certain amount of fees year after Year after year managing these accounts And it's it'll be absolutely massive so I think that he was estimating in a Video I was sharing this information Something like may have been something Like 500 million to a billion dollars a Year just in like fees and all all that Jazz so There's real incentive to fight And get this thing going so you could See some serious money flowing in Perhaps even inside the first 12 months I just don't buy in this into this whole Flip of the switch thing and it's funny Because we have the whole flip the Switch thing within the xrp community Which I've never B bought into I think It's supp bogus nonsense and I just Think the people that don't know what in The ever Liv in hell they're talking About buy into that type of narrative
And now we see something similar in the World of Bitcoin like people want these Things to be true but they're silly ass Narratives at least to that degree I do Believe that this is all going to Actually matter but not over the shorten Timelines uh that people are talking About and not to these ridiculous Numbers that people are spouting like Instantly you know it's going to go to a Million this it's like ah give me a Break I'm not falling for that crap here But it it does actually matter and there Have been developments major Developments in fact there are at least Uh I think three firms if I read Properly there are three firms that Updated their spot Bitcoin ETF Applications and this keeps happening Because they're Contin to be there have Been all sorts of updates it's because The SEC keeps communicating with all of These firms that have applied for spot Bitcoin ETFs that's the part that's Never happened before folks this thing's Going to get approved and it's going to Be really fun to see what happens and Even if it is immediately a sell the News thing okay I'm still going to think It's interesting to watch and it's going To be cool as hell and it's still going To create a ton of opportunity Here but um take a look at this headline From Yahoo Yahoo finance spot Bitcoin
ETFs discussed in meeting between Black Rock and SEC the Securities and Exchange Commission met with black rock Inc on Monday to discuss the proposed rule to Allow a spot Bitcoin exchange traded Fund the sec's trading and markets Division also met with grayscale Investments the leading crypto asset Manager regarding its application the SEC released a memo indicating that they Met with black rock and NASDAQ stock Market Employees the discussion concered the NASDAQ stock market llc's proposed rule Change to list and trade shares of the Ishares Bitcoin trust under NASDAQ rule 5711 D the memo States black rock also Included a short presentation outlining Two separate models for the ETF the Presentation describes how both an In-kind and incash Redemption model Could work to support the ETF these Smaller details may not impact retail Investors but they are still important To iron up before a final decision is Made the only currently available Bitcoin ETFs use Futures contracts to Closely track the price of Bitcoin while This can provide General exposure there Can be price discrepancies and the Management fees are high a spot Bitcoin ETF would likely be a better alternative And attract investors it is unclear
Whether the SEC responded positively to The presentations and meetings uh There's still plenty of time before a Final determination must be made and the SEC will likely take a while to sort Through the details of each application Before making a final decision uh many Experts anticipate a final decision will Be made by early 2024 specifically JP Morgan is eyeing January 10th as this Day is the final day for a decision on Several applications yeah so there are Number of reasons that people have been Looking at the the days leading up to January 10th uh it is the case that the Black rocket decision and some others Would go out a little bit further than That uh you at some point in Mar I Remember the exact date March of 2024 so That'd be kind of the the latest it Might be if if at least black Rock's Going to get approved but if you want All of them to get approved at once it Would need to be Sooner so probably G to see some Fireworks sooner than Later so it's exciting stuff though like This is a real thing so and that's why It's like there's if you have a position Where this is going to be a big nothing That to sell the rumor means nothing I Don't agree with you uh but if on the Flip side you you know you think that This is just going to result in an
Instant Moon Mo shot you know crazy Hundreds of thousands of dollars for Bitcoin whatever may be uh I I don't Agree with that either I think that There's you know a reality that's going To unfold that's somewhere in between Both of those things and I think that's Reasonable speculation so we'll find out Together but you again you can imagine What this will mean for the altcoin this Is going to hit the entire Market the Fact that there's a spot Bitcoin ETF I'm Most excited about that not for the Bitcoin that I hold but for everything Else that I hold the market will go cray Cray bro think that is exactly what I'm Expecting here so let's find out but I Hope you guys are feeling a little bit Better than perhaps you were this Morning if uh if the move to the Downside hit you in the field feels it's Just it's a short-term price action Folks everything's fine nothing nothing Has changed to the ne everything from a Fundamental perspective is going the Right way it's going the way we want it To this is awesome so I feel great about This I'm not a financial adviser you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
