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Hello this is Matt on the moon Lambo Channel Bitcoin has been rocketing in Price in particular over the last 24 Hours or so as by now I'm sure the vast Majority of you are well aware but you May be wondering what about the rest of The market what about xrp well I'm going To share with you perspective from one Of the most um most followed chart Analysts within the xrp community who Says that xrp is about to eliminate Price resistance and he sets a Short-term Target for S uh of 66 cents I'll give you a specific comment with Full context now I'll just say this now I I don't pretend to be a CH guy a lot Of there are so many laughable YouTubers Out there who like to pretend as though They are such I like just be real if you Don't know this stuff you don't know This stuff just be who you actually are Damn it um I have no interest in Learning the chart analyst stuff I just I just like to take the Lazy Man's Approach because frankly it works it Just freaking Works which is just buy Stuff and then don't do anything and Don't let him tions get to it's it's Simple we don't need to over complicate This stuff but um you know I I like Taking that approach and so regardless I Can tell you my conviction is that Bitcoin is going to continue to lead the Way doesn't go up in a straight line but
It's going to continue to lead the way Ultimately hitting a new all-time high Xrp will ultimately uh blast off and we Don't know exactly what day that's going To be we'll see it move in correlation With Bitcoin broadly speaking until then Obviously not down to the second the Minute the day the week necessarily Although frequently that is the case but One day we're just going to wake off and Xrp is going to be Off to the Races just Like we saw with Bitcoin over the last 24 hours we didn't know for sure it was Going to happen did We but it did happen which is why I've Said so many times it's you don't know What day it's going to be but you're Going to wake up and Bam it's going to Be well the same thing's going to happen With xrp and so this particular analyst Believes that uh we can absolutely Eliminate price resistance and move on Up to the upside and I tell you some of The biggest some of the biggest news That's going to drop which I think is Going to be in the coming months I don't Know exactly there's no way I could know But it's approval of the spot Bitcoin ETF and I have gigantic news on that Front because it looks to me like black Rock is about 100% certain that they're Going to get approved for this damn spot Bitcoin ETF I mean they're sure acting Like they already got approved take a
Look at this headline this is actually Gigantic news here as far as I'm Concerned here some people say don't Read into this but I'm just like well Why are they behaving like this then They're the most connected firm you know On the entire damn Planet they're the Largest asset manager uh manager in the World 10 trillion in assets under Management here's the headline From the Block Black Rock Spot Bitcoin ETF Appears on dtcc website would ticker Ibtc so yes that's correct the black the Black rock Bitcoin ETF is now listed on A NASDAQ clearing firm uh clearing firm Website um before going either further And sharing with you additional thoughts 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 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 here's a headline from coin Desk a wild few minutes Drive Bitcoin Above $35,000 as ETF excitement starts To thaw the crypto winter it was Exciting enough for crypto observers When Bitcoin topped $31,000 on Monday And its price went straight up late in The day Bitcoin took out $32,000 then
$33,000 then $34,000 and finally $35,000 in just a few minutes Perpetual Contracts listed on binance's Exchange Almost top $36,000 the original cryptocurrency was Back at levels last scene in May 2022 Before the teral Luna three arrows Capital Genesis and FTX debacles turned The mood so sour that Bitcoin approached $115,000 and the Very survival of the Industry was to some called into Question now folks that's a bit dramatic For my taste maybe some people actually Thought that but those are people that I Would describe as idiots because they Don't know what the ever loving hell They're talking about if you just like How you could just simply understand That there are business models valuable Business models that exist that could Not exist but for this technology you Would know right there the the crypto Asset class isn't going to cease to Exist that's complete nut nonsense so it Seems a bit dramatic to me as far as the The price action yeah it's volatile and I guess it's fair to say that can be Perceived as dramatic by many people Okay for sure that's I guess that part's Fair but but the AET the survival of the Industry that's a bit much that is a bit Much here as is this next part because All this ETF talk look I do believe that
It's going to be Gigantic in fact I believe it's hard Toate the importance of a spot Bitcoin ETF getting approved if you're talking About the implications for the entire Asset class in particular over a longer Period of Time 5 years 10 years you know 20 years out the amount of money that Will go into the space that otherwise Wouldn't uh it's it's unknowable but Undoubtedly it's going to be Gigantic I mean you're talking about Trillions of dollars Ultimately um but anyway the piece says Here but the mood has improved marketly Fueled large by prospects that Bitcoin ETFs which promoters say will make it Dramatically easier to buy Bitcoin Potentially hugely broadening the pool Of potential investors are on the way Yeah and so look I think it's a virtual Certainty that those are on the way here But you know I don't think that the Price action that we just saw is an Indication of that you because we've Known that black rock has been going for This spot Bitcoin ETF for over four Months now actually and so what we People just woke up four months later Like oh yeah Black Rock let's all just Start throwing money into this this Crypto asset class and so now it's Priced it no that's the silliest Nonsense but as far as xrp because look
It's nice to see that xrp did move in Tandem with Bitcoin which is what you Would generally Expect and yeah it was bitcoin's day That's fine I don't mind that but Eventually xrp is going to go and There's never been an xrp all-time high Outside of Market Euphoria with Bitcoin Leading the way that's never happened in History so I'm counting on bitcoin Leading the way and then xrp going and I Fully anticipate that a lot of people Are going to make life-changing wealth As a result of this I believe that's on The table very firmly so what's the next Step look like well here you have Perspective and this is from actually Just a couple hours or so ago from um Xrp Community member and chart analyst Dark Defender uh now up to 95,200 Followers and he says morning all and This is by the way it's just at 1:58 a.m. Central Time which happens to Be my time zone morning all xrp has Broken the 52 Cent uh in 4H hour time Frame it was one of the crucial Resistances daily time frame has the Resistance at 55 cents but xrp will Eliminate it soon next Target 66 cents I Hope you have a great day oh well thank You Dr Defender I'm having a I'm having A fantastic day so far hope you are too Um and so xrp did get uh just a hair Over 55 cents when uh along the way was
As Bitcoin was leading up to its peak But the show's just getting started here I there's there's no shorters of Analysts that have been calling for this Type of activity and the ones that I Respect and follow closely I've been Sharing what they've been saying leading Up to this and then wouldn't you know What actually happened multiple analysts Saying fairly similar things and they Believe that this is just the beginning So it doesn't mean that it's all going To happen one the same day and there can Be gaps it could be days or weeks in Between but the point is like the seal Has been broken and at some point you Know bitcoin's going to have another Massive run and with xrp moving in Tandem just don't be surprised to see This so xrp will keep behaving like that In all likelihood and then at some point It's going to have its own run and I Don't pretend to know if it's this year Or next year but it's going to come as Far as I'm concerned it's a virtual Inevitability and yes I could be wrong And it could go to Z I know that too I'm Not making a price prediction but in Terms of what I suppose is most probable Yeah I I my strong suspicion because I And I have strong conviction for a Reason yeah xrps going into a new Alltime high and entering price Discovery I mean if you just understand
The implications of what's happening With this Bitcoin spot ETF it's it's Just there's a reason I keep talking About this and I I I'm gleeful in Covering this news even though it's Bitcoin specific so what even if you Don't care about Bitcoin even if you Don't hold it you should be thrilled About this news even if you only hold Xrp so the headline here from the Block Black Rock Spot Bitcoin ETF appears on Dtcc website with ticker Ibtc black Rock's highly anticipated Spot Bitcoin ETF the I shares Bitcoin Trust has made an appearance on a list Maintained by the depository trust and Clearing Corporation which NASDAQ says Provides post trade clearance settlement Custody and Information Services while Still awaiting approval from the Securities and Exchange Commission along With other proposed spot Bitcoin funds The dtcc lists the Black Rock funds Ticker as Ibtc and here's a quote from uh Bloomberg's senior ETF analyst Eric Balunas he he wrote The Following on Social media platform x quote this is First spotcoin ETF listed on Dtcc none of the others on there yet end Quote and then he separately said deaf Notable black rock is leading charge on These Logistics seeding ticker dtcc that Tend to happen just prior to launch hard
Not to view this as them getting signal That approval is certain slash imminent Yeah and so taking that a step further Um and it may be a minute we'll find out Because look we're all living through History together we we'll all find out Together when it when it gets approved Whether it's this year or early next Year whatever it is but I've maintained For a long time that my very strong Suspicion is that the reason Black Rock F filed the spot Bitcoin ETF is because They already knew what the outcome would Be they have filed for 576 ETFs in History that's five that's a lot Actually 576 and all but one of them were Approved and that one that wasn't Approved my understanding is it was Basically something tantamount to a Clerical Error but but it's a one failure they Don't make these moves if they don't Know what's going to happen and they are The most connected firm of their type in Existence in the history of our species So yeah I suspect that's the case and if They're making this type of move I mean Is it really a cart before the horse Type of thing or might they know exactly What's going to happen and so we're Still here before every almost everybody Else on the planet there's almost no Humans that hold any crypto U the vast
Majority of investment firms that exist Have no exposure to crypto whatsoever we Have beat the masses this is rare stuff Like this doesn't happen yet it is The the opportunity that's why I keep Saying it's almost impossible to Overstate the impact over time and so We'll see what the uh once this news Breaks once there once it's it's a sure Thing and maybe maybe it will be a bunch Of spot Bitcoin ETFs that get approved From different firms maybe it's not just Block rock that gets approved maybe it's A bunch all at the same time maybe Either either way however however it Breaks out I I just I think you're going To see a massive run with the biggest Implications coming over a prolonged Period of time but we I I just I do not Believe even with the run that just Happened over the last 24 hours for Bitcoin I simply do not believe that we Have uh you know the price action for a Spot Bitcoin ETF priced in even if you Could find anecdotally humans that say Yeah I bought Bitcoin for the specific Reason I'd believe that but on the whole Is it is it priced in no I think you're Going to see this thing run when the News breaks it's not a buy the rumor Sell the news type of thing that's my Guess anyway and if I'm wrong I'm wrong But but look we just saw on October 16th When when the coin Telegraph put out
Fake news about this happening uh we we Had proof right then that it wasn't Priced in despite with some of the uh You know the Wizards out there which Have you believe because there's so many Claiming no it's it's it's oh it has to Be priced in everybody knows about this But no because Bitcoin ran on the fake News that was believed to be true until It was found out that it was actually Just false you know fake news so I think It's the same thing here otherwise are You are you really gonna sell me on the Idea that after four months of it being Known publicly that black Rock's going For the spot Bitcoin ETF after four Months out of the blue everyone's like Oh yeah Black Rock now just start just Start buying Bitcoin now because ETF News what no that sounds completely Absurd uh take a look at this though um Attorney Jeremy Hogan was sharing this News also and he had funny response I Thought I'd Shar with you he said the Bitcoin ETF listing on NASDAQ is only Evidence of black Rock's confidence that Its ETF will be approved by the SEC it's like cleaning up your bedroom And making sure your roomie is out of The apartment all night it might not Happen this date but you got a good Feeling so I was like okay that's pretty Good that's that's that's a that's a Proper comparison here and then turny
Rispoli jumped in adding to it he said I'd feel a lot more confident if Black Rock put a sock on the door knob as Well well play a turn full it made me Laugh so I thought I'd share share it With and so so yeah I mean it it does Speak to the degree of confidence but Again with the connections these people Have I I think that you know it's Basically like they got to cheat sheet They they know what's happening here son Like I can't imagine this not I'd be Shocked if this this thing didn't get Approved and so we're here first that's Why I've made moves that I've made Recently uh before this news is broken In terms of purchasing more crypto Because when it goes It goes it it just Will let me know what you think I'm not A financial adviser you should not buy Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo
