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Hello this is Matt on the moon Lambo Channel it's been close to 11 hours Since I published my last video I was Recording around 7:00 a.m. this morning A covering the utter Devastation that Resulted um well it was clearly lever Longs that got completely taken out That's absolutely liquidated uh but then There's the question of what actually Caused this and there's this narrative This morning and I reported this is what Was making the rounds that uh there's a Report that came out from a firm that Pretty much nobody had ever heard of uh But they said hey this uh this whole Spot Bitcoin ETF thing it ain't getting Approved uh and So I'm not convinced that that's the Reason that we had the crash in fact There are all sorts of analyst out there That were anticipating we needed to have U you know a flash crash or pullback at Least you know at some point in the not Too distant future nothing goes straight Up forever and so as is typically the Case whatever negative sounding news Exists in in the moment those types of Moves happen uh it's attributed to that So could it have been I guess in theory I just I don't really buy that I don't Really buy into that sometimes uh price Action does occur as a result of uh you Know real world things but this is just Some little report from a firm and I
Just I think social media just started Running away with it so what is the real Reason well I just Said like nothing goes up in a straight Line forever there were leverage long as They got wiped out and here we are and Market now um not entirely recovered but Frankly considering where we just were About 11 hours ago not looking too bad So I'm going to share with you some of The latest because as far as the spot Bitcoin ETF goes it still seems like a Virtual certainty this thing's getting Approved in fact take a look at this Headline from Fox Business uh SEC Stock Exchange officials meet ahead of Potential spot Bitcoin ETF approval and This was written by Fox Business Journalist elanar terret and it's Actually possible that even just like a Couple couple days from now we could Have word that this thing's getting Approved although most people still Think it's more probable that it'll be In that January 8th to January 10th Window that we keep hearing about I also Do have perspective from attorney Jeremy Hogan Attorney John Deon and Attorney James Murphy on all this nonsense but 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 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 4 foot okay so In case you missed it this is the actual Report uh from the uh well from the the Firm is called Matrix port and I may Have heard of them like one time ever uh Prior to this and um I'm not going to Read this it's on your screen if you Want to pause and take a look at this I Don't feel it's necessary but you can Just see here they're saying uh they Don't think it's probable that the spot Bitcoin ETF is going to get approved and So again this is being uh you know Touted as the reason that we saw the Crash again maybe I'm not really Convinced of that Um but there's an author of this named Uh what's the guy's name Marcus I think Thelen and uh and so Eric Balunas uh he is a senior ETF analyst For Bloomberg and he's been he's got all Sorts of sources and so he's one of the Go-to guys him and James Seer when it Comes to anything spot Bitcoin ETF Related those two are who everybody is Paying attention to because they Actually do have sources and they're Doing a good job reporting on everything Spot coin ETF effectively so he was Getting tagged like crazy he noted on This this Matrix Port report and so he
Reached out to the author here's what he Had to say and this is as of this Morning um 7:31 a.m. Central Time by the Way if anybody's curious uh what time is It now 5:53 p.m. central Time uh January 3rd witness day so here's what Eric Belun wrote people tagging me like crazy On this rejection report we have heard Nothing to indicate anything but but Approval but I want to give the guy Benefit of Doubt so I'm asking if he has Any sources or if he's just specula he Seems to be Bitcoin Bull and recently Tweeted executive said approval likely So unsure why he Flipped at this point saying SEC Rejecting it isn't just going against James cfort and I like it was in the Early days now you basically saying Multiple mainstream news reporters with Multiple sources on inside of this also Have it wrong too not saying it's Impossible again we still only at 90% He's abbring here uh but it overturns a Lot of great Intel and so you got to Admit there's a lot of people in the no Reputable sources saying hey we've got People on the inside they say this Thing's going to happen and so if this Report was correct and it's not and if There were inside sources that would Really fly in the face of all this now Um Marcus actually did respond and he Wrote The Following and surprise
Surprise he actually does doesn't have a Source it's just his personal opinion so Is it the case that this one guy writing At a a firm an analytics firm that Pretty much nobody's ever heard of he Writes this thing and then the entire World gets lit on fire price-wise like Kind of hard to believe I mean we're in The age of social media so okay I I Don't really buy it but here's what Marcus Ste said this the guy that wrote The report my report is not based on Issuer nor on SEC Insider comments Obviously this is massively out of Consensus I do think the SEC will vote It down and yes after being the biggest Bull all year predicted $45,000 by Christmas on February 1st I Turned bearish today but the arguments Were ready so there you go that's what He said now let's get to the latest Update here on what's actually unfolding Like what happened today which brings us To the Fox Business article written by Journalist elanar terret SEC Stock Exchange officials meet ahead of Potential spot Bitcoin ETF approval Again it's hard to imagine that all of This is happening and it's all just a Show I mean maybe but I would put that At like singled digigit percentage Probability right piece reads as follows A series of meetings between the Securities and Exchange Commission and a
Handful of stock exchanges are fueling Confidence that the approval of a long Awaited spot Bitcoin exchange traded Fund could be imminent Fox businesses Learned that SEC staff attorneys from The division of trading and markets are Meeting wh day with officials from the Major exchanges the New York Stock Exchange NASDAQ and Chicago Board Options exchange where the ETFs would Trade so folks why again why is the SEC Meeting with these officials from some Of the largest traditional exchanges Ever to exist if this isn't happening at This particular moment in time after all The paperwork flying back and forth It's Just so unnecessary it's just hard to Believe Anyway peace continues the meetings are Seen as a positive sign that the SEC is Nearing approval of some or all of the Dozen applications by Major money Managers and crypto firms uh for the Product according to people at the firms Who ask not to be quoted by name Specifically the SEC is asking the Exchanges to revise and finalize their So-called 19 b-4 filings submitted by The exchanges on behalf of issuers which Must receive SEC clearance before the ETF can be sold to the public while the Final decision has not been made sources Close to the proceedings say the SEC Could begin notifying issuers of
Approval on Friday with trading Beginning as early as next week ETF Analysts and issuers alike remain Confident that a favorable decision from The SEC will be made on or before January 10th as the SEC continues to Meet with key players on the matter so There you go folks um as reported here By Al tur with Fox Business the word could be coming out Friday and so even if that wouldn't Technically be a an announcement that's Facing the public given the connections Here and the sources that are talking it Is plausible to suppose that if they get Word that the approval is happening if The Insiders do on Friday we could hear About it on Friday two days from now and It'll be so funny to look back on this Stupid ass flash crash and just Everybody that got completely wiped out Because they made stupid decisions Risking Everything and know as if the Opportunity for life-changing wealth Wasn't sufficient without leveraging Crypto come on uh but it be ridiculous And kind of funny to see that happened And then two days later word gets out That there's approval and then the Market just starts running that would be Fascinating and I do still think it'll Be a selda news EV it but we'll probably See a big burst to the upside just out
Of exuberance but you know happy to be Wrong I admit I could be wrong maybe There's not going to be uh maybe it Won't be a sell the news event but That's my guess I just it's it's hard to Believe me personally I've articulated My reasons why so I'm not going going do It here but uh yeah we we could have Word of this very very Soon um and then he had this post a Little bit later in the morning today From Eric balunas um he was commenting On perspective from Fox Business Journalist eler terret in the meetings That occurred today and Eric buunis Wrote things you probably don't do if You're going to deny or delay hearing Similar by the way and why why when we See updated final 19B d4s roll in that Is sign approval imminent as SEC has Been doing back and forth with issuers Offline to perfect their 19B d4s versus Doing numerous refiling Allah s1s and so He thinks that that's the same thing I Think it's just common sense like why Would the SEC be doing this if we're not Getting the damn approval right uh here You have perspective from James cord uh The other Bloomberg guy that I was Referencing just a couple minutes or so Ago and he wrote my view is in line with Elan terret reporting I think the SEC Could begin signaling to issuers to Expect approvals though I'm still
Expecting official approvals on January 8th through the 10th I also think the Gap between approval orders and actual Trading will be measured in days not Weeks and so folks that means that Because as soon as it goes live once the Trading actually begins that's when we Get to see what the real world impact of This will be and I'm not expecting Anything massive out the gate I do think It'll be tremendously consequential over A span of years and decades as I keep Saying but right out the gate no this is Going to take time to get things rolling And it's just that's not how sales work Like if you're a a finance Finance guy And you're trying to convince your Clients to jump into this thing if it's Going to take Serious sales efforts it It doesn't happen on day one typically I'm not saying there would be no volume But I'm just saying I I would be Surprised if there anything like just Massive right out the gate to me that Doesn't make a damn bit of sense again Happy to be wrong genuinely because if I'm wrong uh my net worth goes up Substantially so I would prefer that That would be fantastic if I'm Wrong um here's perspective from Attorney Jeremy Hogan the Black Rock Filing two weeks ago only had three Changes of any substance and the Substantive changes related to the
Broker role and cash grates was just Black rock making changes at the request Of the SEC but I don't really see any Change that would suggest a denial is Coming but if the ETF hype is really one Long Sinister rug pole by the SEC Because they just hate crypto that much I'd almost appreciate it yeah so okay so I agree with that if this is actually Some sort of massive trick and they went Out of their way to have all these Meetings to trick everybody on the Planet to make it look like they are Going to prove it but it was just Because they're complete ass hat pricks I might have to laugh a little bit like I maybe maybe maybe a chuckle here or There because that would be stupid as Hell Jesus it's you know it's they're so Terrible that I can't completely rule That up not completely I don't think It's probable but I can't rule it up so Attorney Hogan's on point there uh Here's what Attorney John Deon had to Say I'm not a financial expert by any Means but usually an asset doesn't go Straight up on the first day of the year Bitcoin went up 7% on the second day of The year it reminded us what goes up Sometimes comes down before going back Up Bitcoin goes to $45,000 and all you See are predictions of $100,000 $200,000 000 or even $1 million before January
2025 Bitcoin drops 6 to 7% the next day And you see calls that it's headed back Under $20,000 I hoddle without leverage it's More boring but I sleep well spot on uh Absolutely so my Outlook is pretty much The same I the same sentiment as as Attorney Dean here and look again like As you said here nothing goes up in a Straight line forever and it's you know It's impressive too like there there Were a number of analysts I've been Reported on my channel that were Anticipating that there would be a Massive pullback probably sooner than Later and including the blockchain Backer for example and he was talking About this today I'm sure a lot of you Caught him talking about this he you Know he he literally predicted that There would be an actual flash crash Like a quick you know like snap of the Finger in and- out type of thing which Is at least to this point what we have Seen there was that one massive Dick Wick Oops massive Wick down with you know um Whatever the the total fig it was just a Massive figure I cited it earlier but uh There was that and then a pop back to The upside not fully recovered and that Might have been it that actually might Have been it and if so that means that
Uh now we're at a point from a chart Perspective we could actually finally See this T this thing T take off un Encumbered because you know just it's Just the typical thing you going back And testing support all that that Jaz here was a post from Attorney James Murphy AKA metal law man on X and he Said if the secc were to deny all spot Bitcoin ETFs the applicants would Immediately Sue and the DC court of Appeals would again rule that the SEC Was arbitrary and capricious the SEC Gave every reason they had for denying Grayscale and lost I expect multiple Approvals on January 10th yes and that Is a point that I've been making quite a Bit over the last you know how many I Don't know over a month two months I Don't know every day blurs just together Now but uh I it's just the SEC that's Why I keep going back to like even if They even if they really don't want to Approve these things and they obviously Don't uh they going to get sued and They're going to they already lost the Lawsuit with grayscale it would be the Same result but then there would be a Bunch more of those lawsuits they're Just going to create headaches for Themselves do they want to do it to Themselves well maybe because again they Have shot themselves in the for in the Foot so we'll see but uh ridiculous oh
There's also this post from uh Alex Krueger pretty well known in the world Of crypto Economist Trader entrepreneur And uh he said the following funny to See people blaming a matrix Port report For the dump Bitcoin per funding on Sunday was almost 100% annualized that's Very rare the definition of a very hot Market it's down to 10% now the Baseline And so again there's another another guy Who thinks uh no this was pretty much Inevitable not because of this report And that is I think that is typically The case markets do what they do a lot Of exuberance at times right and then Whatever's happening in the moment Whether it's good or bad they look at People look at the news oh that must be The reason then they just apply whatever It is even if it doesn't make that much Sense and I don't think this one makes a Lot of sense I mean you know and I don't Know really anything about this Matrix Port firm but but you know they if if They're actually being trusted to this Degree it's just amazing because they've Got something like 20,000 followers on X Which obviously for a typical person That would be a lot but this is a firm Like do they have enough clout are they I see I they're not even well known like I just it's hard to imagine but for but Social media did what did found a Negative and then circulated it so I'm
Thinking that's more probable Anyway so we're probably going to see Some very fun news in the short term uh This is just a blip on the radar so Hopefully nobody's freaking out anymore About this this is just it is not a big Deal I mean unless you're one of the People that got liquidated in which case I don't know don't use leverage in the Future maybe I mean you do you girl I I Ain't going to touch It oh man I'm not a financial advisor You should not buy or sell anything Because of anything I say right that Would be a very very very bad idea until Next time to the Moon Lambo but
