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Hello this is Matt on the moon Lambo Channel what a fun day to be in crypto Green markets as far as the eye can see I'm sure you've heard by now uh Bitcoin Broke above $47,000 today and what's uh what's fun And exciting about that in particular Other than just the plain old price Action is the fact that it did that Without the news breaking that the SEC Has officially approved a spot Bitcoin ETF this is just the market anticipating Things obviously and everything's green Xrp's up eth's up you pick your coin uh I Me Maybe there you could find an Outlier too but it's just a sea of green It's fantastic and I will tell you this You know and so actually I've got a Perspective from a couple analysts xrb Chart analyst one of them says that even If nothing changes the way things are Set up right now he's expecting xrp to Go to $13.73 and uh and I'll get all the Specifics as to why he's saying that a Little bit later in the video here but Even setting that aside I will tell you Um I personally expect that xrp will be Impacted uh by approval of the spot Bitcoin ETF simply because it's you know It's going to well it's going to make The entire Market explode that's a No-brainer right but um I personally Think xrp will certainly benefit more
From a Bitcoin ETF than Bitcoin will Benefit from a Bitcoin ETF like what do You think the multiplier effect will be For Bitcoin from this exact moment and What do you think it will be for xrp as The market gets even hotter because of This I'm willing to hazard guess here Xrp is going to be outpacing Bitcoin Here which historically you should Expect anyway just because there's way More money in Bitcoin it's it's always Going to be harder to have Bitcoin get a A greater multiplier effect at this Point there's so much damn money in it So as long as xrp is going to continue To be relevant and I firmly believe it Will things going to be looking good but Anyway before going further I do want to Be clear I do not have a financial Background of any kind I 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 enjoy is making YouTube Videos about crypto related topics but Just as a hobby and just for fun all Right so as I record this extra piece Just a hair shy of 58 cents and it did Break above that a bit earlier today You've got um where's Bitcoin here's Bitcoin 46972 um 24hour High 47,2 25 bucks and Again this is before the ETF news so I Still think even though I don't want to
Go into my field again but I think that This is going to be a sell the news Event when this comes but that doesn't Mean you won't foree a big blast to the Upside that's it's going to be fun and If I'm wrong that's fine maybe it's not A sell the news event I could be wrong Uh but uh even if it's a sell the news Event that's not going to scare me in The least it's it's just people taking Profit and there historically when You're in a when you're in Bull mode It's normal to have over 20 or 30% Pullbacks there were there were like six Of them in 2017 of over 30% pullbacks of Of the price of Bitcoin so it it's not Exactly going to worry me here you have The crypto fear and green index at 71 Out of 100 people be feeling pretty Confident now take a look at this Because there are the people out there That believe in this narrative that a Ton of money is going to flow into these Bitcoin ETFs and since it's backed by Actual Bitcoin it's just going to make The price just go bananas in a way that Has never happened in bitcoin's 15-year History now I'm not denying that we Could see some serious incredible Impressive fireworks right at the gate But in terms of the actual Supply Causing that you know because of the Money flowing into these products uh I'm Skeptical of that uh again happy to be
Wrong but um my my anticipation is that Yes these products are going to be Incredibly meaningful over a span of Years and decades but right out the gate If we see tremendous fireworks that's Not necessarily an indication it's Because money flew into the ETFs and That resulted in a bunch of Bitcoin Pur But um here's a post from a British Hudle and social media platform X who Seems to be a bit more optimistic than Me and that's fine I said understand This there is probably not a single day In bitcoin's history uh where there has Been a net inflow of more than 1.5 Billion long on bitcoin and the ETFs are About to get a mandate to buy roughly $3.5 billion in the space of 5 days with The bulk of it coming in on day one no One is ready okay I I want that to be True you want that to be true right that Would be fantastic could be could be I'm Not going to deny it but uh I just I'm still just sitting here Thinking like and by the way just to be Clear it is true um from what I've read That trading for this thing like say we Get approval on the 10th which is Wednesday it's two days from now say That's when it happens trading for these ETF products could begin the very next Day so I'm not saying that there Couldn't be quick inflows but does it All flow in literally like right then is
The money lined up I mean we're going to Find out but still I I just I would Argue even if if so fine the market gets Even hotter but wouldn't you then Shortly after that see a notable Pullback I don't know credible crypto he Reposted that and said like I said a buy The rumor buy the news event so I'm Saying it's I think it's a sell the news Event he thinks it's a buy the news Event he could absolutely be correct I'm Sure there's a lot of you listening that Have varied opinions on this um I would Love to be wrong I like no I've never Wanted to be wrong more than this when The world of crypto so we'll see Um and then he he also uh noted uh Incredible crypto said I see the Buy has Started Bitcoin oh yes indeed it Certainly has and then a separate post This was um 1:46 p.m. central Time he Said the answer was in the tweets was Expecting a breakdown on ebtc because of The expectation of a Bitcoin melt up as We approach ETF approval and we have Gotten exactly that ebtc has broken down As Bitcoin breaks above local Supply in The mid- 45,000 who wants a new video Update to discuss it all in more depth And so it's it's not that there's Something horrifically wrong with eth He's just saying uh look at what's Outpacing and So again we'll see what happens now
Credible crypto he is one of the guys That says yeah it's a buy the news event Which is kind of rare but uh you know Just in crypto in general uh he could be Right and he also believes firmly that We are going to be seeing a Bitcoin hit A new alltime high Sooner rather than later and I do hope He's right like the amount of confidence I'll have in the rest of my investments Specifically xrp should that occur will Be through the Roof um then there was also this from my Fellow xrp YouTuber the blockchain Backer this is a Bitcoin market cap Dominance chge and I just I just love This he wrote Bitcoin market cap hits 618 Fibonacci retracement level as Bitcoin ETF decision years we said for Two years we'd get here thousands Screamed it had never happen now they Fomo in and isn't that always how it Works folks do you remember the end of 2022 specifically after the FTX collapse In the beginning of 2023 oh no we're Going to $112,000 bitcoin we're going Down well when people scream the loudest At those moments frequently it's an Indicator that things are actually about To get a lot better and what have we Seen we've been in Bull mode for over a Year and people are finally sufficiently Paying attention um not that we're in Full retail mode like you'll know when
The retail gets here and the celebrities Come back and we'll hear more Diamond Hand laser eyes BS that's all coming um But that's that's another reason it's Kind of exciting to see this price point If if some of these analysts are correct About us going to a new all-time high For Bitcoin this year and we'll see Because not everyone agrees should that Occur my God like just just understand We're already at this level without a Massive increase in Retail uh then there was this from chart Analyst dark Defender talking about xrp He said total Market maret cap was $816 Billion one year ago Today's total Market cap is $16938 3.24 trillion within a year so even if All stays the same xrp would be $13.73 without considering the Regulatory Clarity utility just Say uh um that would be Fant so look the Idea of the crypto asset class getting To the tens of trillions of dollars I Mean I said that six years ago not Pretending to know what the timing would Be he he thinks it's going to be up to That level within a year love to see That and he's saying even if things Proportionately stay were there now You're going to see xrp at over $13 Almost $14 which to me doesn't sound crazy I
Don't know if it's going to happen and I Don't make price predictions that Doesn't sound remotely crazy this is the World of crypto and I'm telling you like When xrp goes it really goes and I know People can have this defe attitude at Times when price goes sideways too long Cuz you know humans are humans but uh I'm telling you the the way that people Treat individual cryptocurrencies the Way that they uh speculate many times Irrationally and not in a safe manner Foming into stuff there is no reason That xrp would be the only large cab Coin where that is not treated like that Of course it's going to be treated like That the people that don't want to buy Xrp right now uh maybe they're Complaining it's just look it's just Side why would I want that those are the People who will buy at five six seven Eight nine10 we have seen this time and Again with every other crypto currency In existence that's gone on a run this Is what happens that it's viewed because Humans are stupid and so I know I am one So but but uh humans are stupid and and So uh they just they view it as a Validation the oh the prices of that I Got that it's validated now but the time To get it in is before the masses think That and so that's the the thing that Makes crypto easy to me is just just Having broad exposure and then just
Holding and then you know like you're in Before everybody else that's why I just Buy stuff and don't do anything else I Don't have to worry about a whole lot Then I mean crypto's risky sure there Could be rug Poes this or that but Man uh then there is this from chart Analyst Ali xrp tether us Perpetual Contract one day binance chart on your Screen here and he said the following From this perspective the governing Pattern behind xrp price action since June 2022 appears to be an ascending Parallel Channel and folks I pause a Note that's um I'm pretty sure I'm Pulling from memory but I think it's Correct that the low for this cycle that We saw for xrp I believe it was June of 2022 I I saw it get as low as I think 28 Cents so that that was the bottom he and He said here again we've been seeing an Ascending parallel Channel ever since Then and then he says if this pattern Continues xrp could make its way toward The channels middle or upper boundaries Which currently sit at 80 and $110 respectively and so it's uh that He's talking about in the short term Obviously there buck 10 in the short Term potentially wouldn't mind It uh here is another post from Ally Said the weighted Market sentiment for Xrp has dipped to its lowest negative Point since miday 2023 for contrarian
Xrp investors who prefer to go against The crowd this could be an intriguing Signal moments like these can present Unique opportunities in the market yeah So I've talked about this concept many Times but when things seem the most Bleak very frequently that is when There's actual actually optimal Opportunity when people think ah it's Never going to go it's going down or It's going sideways and everybody's Screaming bloody murder you look back And you're like oh yeah that point where The people are flipping out that would Have been a great time to buy because Then xrp went to $4 right so I mean We'll see what happens I'm not actually Predicting it But um everything looks fantastic I hope Everybody's having as much fun as I am I Love being in crypto this is my most Favoritest hobby I've ever had running This YouTube channel and being in all 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
