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Hello this is Matt on the moon Lambo Channel we are living through historic Times today spot Bitcoin ETFs available To trade for the first time in history In the United States uh and it was Absolutely massive billions of dollars Were flowing on this historic day four In fact $4.6 billion dollar in trades on Day one so I'm going to share with you Some of the specifics as to what has Gone down this day um also check out Take a look at this headline I'll Actually probably cover this at the Beginning part of the video because the Fact that this is approved um is leading Um one of the uh the founders of one of The funds Kathy Wood to believe that It's much more plausible that you're Going to be seeing Bitcoin perhaps at $1.5 Million by the year 20130 I just can you imagine that I I'll I'll just say this like I think That the idea that and I've been saying This for some time that that the spot Bitcoin ETF was just just going to be Explosive from day one I didn't find That to be probable but I think that a Lot of people are not sufficiently Appreciating just how impactful the Approval of this is going to be over a Span of years and decades I firmly Believe that and it's very clear that Kathy Wood of Arc invest is thinking Along the same lines here the amount of
Money that's going to flow in is going To be ridiculous and so yeah it's great For Bitcoin and I'm Pro Bitcoin uh it's Back to being my second largest position Uh but uh and not because of purchases It's just because of the volatility of The markets but um still firmly believe That my altcoins are going to Substantially continue to outperform Bitcoin because there's way less money In them and so this Rising tide that Lifts all boats is going to result in a Greater multiplier effect for all of my Altcoins which is why I'm most Specifically interested in seeing what Happens with xrp this year which is my Largest holding by a lot um and then There's also some in traditional Finance Vanguard who are not allowing the spot Bitcoin ETF I kid you not I don't see How this won't buy bite them on the rear Side but I'll get you all caught of with Speed on what has happened today before Going further though I do want to be Clear I do not have a financial Backround of any kind I am not offering Financial advice and you definitely Should not buy or sell anything because Of anything I say or right I'm just an Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun so as I Record this video xrp is at 60 cents it Was as high as 62 cents uh here you have
Bitcoin currently 46186 it did hit um as high at least on Some exchanges as $49,000 so there actually was this burst Right out the gate as soon as the uh the Trading for the spot Bitcoin ETFs went Live and there's just a lot of Exuberance in the market frankly I think That's what's led to led to it but then It corrected back on to the downside and So what we continue to see is despite This volatility and admittedly a lot of Excitement and for good reason in the World of crypto uh this this event this Whole thing over the last few days has Been has has not been a bu the news Event and it also has not been a a sell The news event it's just moving sideways Which almost nobody guessed in fact I Can't think of anybody that's well known In the world of crypto that predicted oh This won't really impact the market it's Just going to move sideways for the First you know 48 Hours whatever ends up Being from the the news being broken but Here we are so it doesn't mean that There's not going to be volatility but It just makes me think well when we Finally do get more extreme volatility To what degree was this even a factor It's just kind of fascinating and it's Just weird and I know the a couple days Ago and he had the fake news of the Bitcoin spot ETFs getting approved but
It was actually just the secx account Getting hacked that changed things cuz There was a big move that day and then When we got the real news the next day It wasn't so perhaps it really was Tainted is what it is though as soon as Soon as we saw the excitement this Morning I simply posted on X someone Tell Jim Kramer not to say anything Because folks I'm telling you that guy Oh my God like who fails harder when it Comes to anything financed than Jim Kramer inverse Kramer is real my Friends so into this headline now the Daily huddle Kathy Wood issues bullish Alert says ETF approval has raised Probability of Bitcoin skyrocketing to $1.5 million now you know me folks I'm Never going to be in the prediction game I just I just be making crap up if fire Making actual predictions I do have Expectations which I think are Reasonable which is that this asset Class is going to be way bigger and Investing in this asset class I mean It's I firmly believe if you just this In time look a decade out this will be The best performing asset class in Existence I'm very firm on that and so What I'm recognizing here is with these Opening of doors here the amount of Money that's going to flow in over a Shorter time period than it otherwise Perhaps would have I mean yeah this is
Profound I really think this is profound So I think that people overestimated the Importance of the spot Bitcoin ETF in The short term and then underestimated It in the long term which frequently Happens with stuff like this but check This out because look if bitcoin's Really going to go to 1.5 million Which isn't crazy it actually Could what does that mean for the rest Of the coins we hold our alts and again Specifically xrp because there's so Little money in xrp compared to bitcoin Which represents opportunity market cap For xrp about $32 billion market cap for Bitcoin $93 Billion it's not even close xrp is going To put Bitcoin performance to shame and The spot Bitcoin ETF is going to help That anyway peace reads as follows um Arest founder Kathy Wood says a massive Price target for Bitcoin just became More likely with the approval of spot Market Bitcoin exchange traded funds in A new interview on CNBC squawkbox wood Says that Arc invests bull case Prediction of Bitcoin reaching the $1.5 Million level by 2030 is now more Probable after the US Securities and Exchange Commission approved on Wednesday uh 11 spot Bitcoin ETFs and here's the quote from Kathy Wood our base case is in the $600,000 range our bull case and we
Think the probability of the bull case Has increased with the this SEC approval This is a green light our bull case is $1.5 Million by 2030 you can see the price forecast Building blocks on Arc invests website You can see how conservative we are in Terms of those building blocks this is a Big idea it is the first global Decentralized digital rules-based Critical uh critical there rules-based Monetary system in history it is a very Big idea end quote exactly and so you Know what to expect you know it can't be Abused and that's why it's so silly the People that think there's nothing to This crypto thing and it's just this you Know this the bubble that keeps Inflating and popping yet trending Upward for 15 years completely absurd Idea of course it's it's here it's a big Idea it is here to stay it's just a Question of which cryptocurrencies Deserve to be here and will be here for The Long Haul Uh perhaps Bitcoin just because it was First and just be clear if Bitcoin is Here for the Long Haul uh it really is Just because it's first because it is Technologically the most inferior but Hey that's fine humans appreciate Standards once they're in place and if It's doing certain things for certain
People even if it's just store value Great and if you can build other stuff Using layer to technology like spend the Bites so you can actually spend money Great I'm all for it that's perfectly Fine but then you have L one technology Like The xrp Ledger with xrp is the Native there which just works it just You could you actually can use xrp as Money today and of course depending on Where you live there are tax Implications which makes it undesirable To do that but who knows how that St Stuff changes over time anyway but yes All of this is perfectly reasonable to Suppose because you will with technology Continue to see an exponential increase In Adoption and and so if you're talking About 4% of humans on the planet owning Owning crypto maybe it's closer to 5% Now that's almost nobody that's that's Closer to zero than 100 right that's way Closer to zero you are super early and Most institutions still are not in the Game yet it's crazy but still it is Fantastic to see what happened today so Let's talk about some of this stuff here Have a Bloomberg Headline uh Bitcoin ETF trades top $4.6 Billion in ground uh groundbreaking day The first US ETFs that directly hold Bitcoin got off to a strong start with Billions of dollars Changing Hands in a
Historical first day of trading for the Long sought investment vehicles over 4.6 Billion dollars worth of shares traded Between the almost a dozen us spot Bitcoin exchange traded funds on Thursday the grayscale Bitcoin trust Which converted into an ETF saw about $2.3 billion in volume according to data Compiled by Bloomberg meanwhile black Rock's I shares Bitcoin trust ibit saw Over 1 bill billion dollar change hands Okay so just pause a note here grayscale Is the one that was really even Pioneering this concept so they started Their their Bitcoin trust a long time Ago and that was only for accredited Investors the whole game plan for Grayscale is to get that converted into A spot uh Bitcoin ETF because then it's Traded on NASDAQ and the New York Stock Exchange and it's open to everybody not Just the small pool of people who are Accredited investors and it's backed by Actual Bitcoin so it impacts the real Supply and demand Dynamics which is why We're all thrilled that these investment Vehicles exist right and so grayscale They already had a bit of a user base There you know had some clientele there In that Bitcoin trust which is why their Flows were bigger than black rocks on Day one they just converted it and also Um I don't know if you guys I'll just be Brief on this I don't want to get too
Much into fee structure I talked about The other day but um grayscale actually Has a higher fee structure than the Competition I think they have the Highest if I'm not mistaken somebody can Correct me if I'm wrong with that but I Think it it's one .5% I want to say and Then you have black rock starting at 2% For maybe it was like the first six Months or something like that and then It jumps up to 3% I think admittedly Pulling from memory but I think that's About right well why is gray scale so Much higher how's that going to work Well I think that the reason that it is What it is is because they recognize With their existing Clientele that um they're not going to Jump ship to Black Rock or you know pick The competitor because uh there would be Tax implications so even with the Particular fee struct When it comes to long-term Holdings Depending you know I mean if you're in The United States certainly there are Some serious implications for that so They' they've thought this through and That's why they have the structure they Have now that being said uh that can be Adjusted over time you you can see fees Change um apparently they don't tend to Go up but they can go down it's just Like a race to the bottom which is Always dangerous in any industry though
You got to make your profit somewhere That's the thing you do have to make Profit somewhere anyway peace continues Up this is definitely groundbreaking Said athanasios Pagus nailed it an ET ETF Analyst at Bloomberg intelligence there was no Doubt demand would be strong for these ETFs but the numbers across the board Are impressive still it's hard to Compare Thursday's activity to any other Day in ETF history typically only one Fund that tracks a new asset class Begins trading on a single day it's Unprecedented to see over 10 nearly Identical funds all begin at once but Even singling in on one ETF indicates The sheer magnitude of trading the Grayscale Bitcoin trust was the most Heavily traded ETF debut on record to be Sure the product has existed in its Trust structure since 2013 and had a Nearly $ 27 billion Head Start in asset Size trading volume doesn't indicate Buying or selling or investor inflows Because of the way the funds settle Trades net flows into or out of the Products probably won't be known until At least Friday and so again I'll just Say this uh I think that people were uh Perhaps expecting too much from day one That said I think it'll be very Impactful over the Long Haul and even Aside from that it still is a fantastic
Start I mean there's no denying this This has gone incredibly well there's Real interest which is also why it's Interesting to see that uh There are some in traditional Finance Who are just shooting themselves in the Foot very clearly here look at this Headline from decrypt Bitcoin ETFs Notch 1.9 billion in trading volume but maril Lynch Vanguard won't List this is this is just ridiculous Here so I don't need to read the article I just want to get the point across here Uh here you can see elanar turret was Talking about this new Vanguard group The world's second largest asset manager Behind black rock is reportedly blocking Its customers from buying into the new Bitcoin spot ETFs saying the products Quote don't fit with vanguard's Investment philosophy end quote don't Fit with it might they be jealous Because they're not participating Because they are just made a Horrific miscalculation here and not Following what Black Rock was doing Perhaps and then Aller says now we'll Start to see how institutional Traditional Finance feels about Bitcoin Just because the SEC has allowed these ETFs to exist doesn't mean the private Sector has to accept them C skepticism Is Alive and Well on Wall Street yeah Fair enough there there's still going to
Be some skepticism but broadly uh I Would say and I think it's it's fair to Analyze it this way Wall Street has Broadly accepted the world of crypto now Because they're getting theirs they've Wrapped their arms in a cozy warm hug Around all the entire crypto asset class Doesn't mean 100% of firms are going to Be on board at least not now but I think Eventually they're all going to have to Come around because all they're going to Do as this continues being red just in Culture around the world like all They're going to do is just harm their Own Brands and miss out on incredible Opportunity and to bring that point home That post from Fox Business journalist Al terret was reposted by somebody named Yuga who wrote The Following I have 8 years worth of 401k Savings at Vanguard from my time as an Employee at Google I will be rolling Over these funds to Fidelity vanguard's Paternalistic blocking of Bitcoin ETFs Does not fit in with my investment Philosophy I love that line at the just Throwing the same language right back at It doesn't fit in with my investment Philosophy Exactly it's it's like the adults say no You can't do that that's not good for You no we are adults we deserve to be Able to make our own decisions and it's An investment Fe why wouldn't you allow
This it's just astonishing uh here's Another example there's a guy named Neil Who simply wrote I have a retirement Account with Vanguard I called them and They said they will not be offering any Of the Bitcoin ETFs I'm working on Transferring assets out of there and Then I will close my Vanguard account Terrible business decision by Vanguard # Bitcoin so there's a lot of feelings Along these lines and I don't blame Anyone for feeling like that this is the This is there's let's say it like this There's never been an opportunity for People to achieve life-changing wealth In this capacity in History and and this and this is these Major firms saying no you don't get to Have a piece of that not if it's up to Us now thankfully it's not actually up To them because people can people can Put they can vote with their dollars Right and that's what people are doing Here it's pissing people off and this Won't end well for them so we'll see if Things change as time passes but hey What a great start I think this is going To be incredibly impactful as time Passes and even outside of the ETF stuff I I still think 2024 is going to shape Up to be a great year even aside from That even if you're like me and you Think it's going to take a while for the Flows into the spot Bitcoin ETS to be
Particularly meaningful uh 2024 is still Going to be one baller year in fact in My next video I want to talk to you a Little bit about why I want to share With you a perspective from a number of Top analysts because look it's the Million-dollar question like are we Going to see new alltime high or are we Not and I've got perspective from a few Of the analysts that I think um are the Best and greatest who I've been tracking For years just like the hit rate for These guys is Like through the roof and I want to Share their varying perspectives on What's going to Happen because if we don't get that All-time high okay maybe we still see Some fun for the next several months but Bitcoin doesn't get a new alltime high What does that really mean or on the Flip side if we do my gosh I can't wait For xrp to melt faces if that happens I'll just say that but anyway I I'll Save the rest of it for the next video But uh before going further I do want to Be clear I do not have a financial Background of any kind I'm not offering Financial advice and you definitely Should not buy ourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
