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 and here's one of the posts that Is getting a ton of attention in the World of crypto today it's from Anthony Scaramucci now Anthony is the uh founder And um here I'll just pull up uh the Founder and managing partner of Skybridge which uh is a firm that has Billions of dollars in assets under Management uh he's definitely in the Know he's a you know he's kind of on the Inside of all this it's certainly fair To say and so he simply posted out about 5 hours ago It's done cryptic hm yes so like did he Have some lasagna baking in the oven or Is it perhaps the case that he's talking About approval of a spot Bitcoin ETF I'm going to guess it's the latter Even though he's been a little cryptic There and so you can see this was viewed In the last 5 hours mind you 1.1 million Times so uh people in crypto are Incredibly curious to see what's going On Um and so the word on the street from Multiple reputable sources is that um We're actually going to have approval of The spot Bitcoin ETF and that it's going To happen tomorrow now I'll just say This at the outset I'm not saying I'm Convinced that it's going to to have Official approval tomorrow I'm not Convinced that's going to happen it
Could it could um but as far as things Leaking from reputable yeah that stuff's Already happening so it could be the Case all I'm saying is like take it with A grain of salt but I want to share with You what everybody saying because again This well yeah true rumors you know There it's true that they're rumors They're rumors coming from people in Reputable reputable reputable places who Do have actual sources like including Reporters but uh 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 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 the reason I want to Make a video about this it's probably Self-evident but just in case uh when we Have news of this thing in approv which I think is a virtual certainty the spot Bitcoin ETF we're going to see some Serious fireworks the market is going to Go I think on an absolute Rampage even Though I personally believe it'll be the A seld the news event um after some Amount of time moving up happy to be Wrong in fact I'm I I genuinely mean This I hope that I am incorrect I I Genuinely do because that would be if
I'm wrong that's Fant fantastic for my Net worth I hope that I am wrong um I Hope that there's no pullback after it Starts rocketing and and I certainly Hope that at least Rockets to some Degree which I think is the most Probable thing the Market's going to get Irrational and exuberant it's going to Run up to some degree and then at at Some point come back down uh there are Lots of people who don't think that it's It's going to be a sell the news event They think it's a buy the news event and There's it's not crazy to think that I'm Just I'm not convinced and I'll talk a Little bit more about that later because I actually have um a a survey to share With you you from bitwise actually but In regards to this somewhat cryptic post From Anthony scaramucci um Eric balunis Had something to say uh now this guy you Might be familiar with the name by now He is a senior ETF analyst for Bloomberg So he has connections he is sources he Is in the no and um I'm curious in his Perspective on this topic as a result And so he wrote SEC is giving final Comments as we speak then issuers will Submit final 19B d4s and s1s soon after So I mean this is definitely as close to Done as we've been but no official Approval as far as I know and so fair Enough and so that it's true to this Point there has been no official
Approval at the time I'm recording this And was curious It's 5:56 p.m. central Time Thursday January 4th 2024 um but why should we care what Anthony scaramucci has to say anyway you Might be wondering that fair enough Question well um Scott mker known as The Wolf of all streets one of the most Popular guys in all Crypt in 92 27,000 Followers uh which is actually almost as Much as Anthony scaramucci Anthony Scaramucci has 990,000 followers but um Scott milker shared that post it's done And Scott milker wrote many weeks ago Which was on my show and shared for the First time that he had seated Black Rock Spot ETF and so Anthony scaramucci is Personally involved in this that's why He should care what he has to say that's Why people are paying attention he is Personally involved in an aspect of this Process uh here's a post from Genevie Roach dector not sure if I'm saying her Name right uh very well known um not Just in crypto but speaks about all Sorts of stuff having probably to do With Finance markets macro stuff um Massive follow 427,000 followers and um Actually I saw this right before I hit Record 18 minutes ago she posted Bitcoin Spot ETF to be approved by the SEC According to multiple sources with news Expected tomorrow I don't know if true But sounds promising here we go uh here
We have Jacqueline melenic now Jacqueline uh she certainly has Source a Senior crypto reporter for Tech Crunch And here's what she's Reporting um and by the way this has Been seen it's it's about three hours 995,000 Views and again but but she's in a place Where she's got sources and she's Reputable that's why people are paying Attention and I I say fair enough here's What here's what she Said heard from sources extremely close To the matter that the Bitcoin spot ETF Is going to be approved by the SEC for Multiple firms applications expecting Something Tomorrow That and so that's why it's like I'm I'm Not saying I'm convinced but I can't Rule it I Just it's a crapshoot not everybody's Convinced more on that in just a second Here and then there was this C why is Everybody doing these cryptic posts here You have Craig s uh he is the chief Legal officer for grayscale obviously Vine for that spot Bitcoin ETF they Defeated the SEC in fact in their uh in Their their legal Endeavors which was a Fantastic defeat for the secci I really Enjoyed that one but he simply wrote Just filling out some forms and so People look at that and they're like
What losing their ever loving Minds that Was posted this morning it's now been Seen 1.8 million Times this stuff funny to me I enjoy I'd Rather enjoy this I hope you guys are Too um then in a separate post I don't Need read everything that's on your Screen but um Eric belunas had the Following to say and this was at uh 5:32 P.m. so less than a half hour ago as of The time of recording this anyway that What he's expecting is that uh we're Going to see approval at some point Between January 8th to the 10th so not Tomorrow he does not think that's going To happen but he did say that said we Are going to see leaks chatter that SEC Has verbally approved over next 72 hours Which is true end quote so he believes That this damn thing was approved and Stuff's going to be Leaking so and again he's in the no he Has the connections this is what he does For a living so take it for what it's Worth it is a rumor but again like I Keep saying these are from reputable Sources you know reputable sources who Have sources you know what I'm Saying um James cord also living in this World uh works for Bloomberg um he's not so convinced he Said he wrote The Following just 37 Minutes ago lot of noise about tomorrow Sticking to this I'm not expecting
Official Bitcoin ETF approval orders Tomorrow still expecting them January 8th through 10th uh Alan turet reposted That and said I too agree with this so Again I don't pretend to know I'm just Reporting what people are saying it's a Rumor that's it but um like there are People who know things Eric Bel is a Spot on about that I certainly agree With that part so uh you might be kind Of wondering uh to what degree might This matter well let's jump into an even More fun part of this latest Moon Lambo Hot Jam have you guys seen this yet this Is from bitwise um released today bit Wivey advisor survey reveals wide Gap in Expectations on spot Bitcoin ETF Approval suggests event could be bigger Than expected Catalyst H um this is interesting so check this Out uh they ran this Survey and uh I just going to run Through some of the bullet points here And these are wait I should note who They're from um here let me just read The top just to make sure that we ever We're sufficiently in the no here uh Bitwise Asset Management the largest Crypto index fund manager in America and Verify a lead leading datadriven ETF Platform today released the findings of The six annual bitwise vertify 2024 Benchmark survey of financial advisor
Attitudes toward crypto assets man That's a mouthful the yearly survey Touches on topics ranging from advisor Current crypto allocations and pre Referred investment vehicles to bitcoin Price predictions the 2024 survey Revealed persistent interest in crypto From clients lingering barriers to Access for advisers and concerns about Crypto regulation and volatility most Notably the poll suggested that the Approval of a spot Bitcoin ETF could Generate greater demand among investors Than many expect and so folks my stance After reading through all this is still Pretty much the same although I did find This very interesting and I think you Will too Yes demand it's going to be substantial But over a longer period of time so Check this out check out this bullet Point less than half of all advisers Expect a spot Bitcoin ETF in 2024 surprisingly only 39% of advisers Believe a spot Bitcoin ETF will be Approved in 2024 by contrast Bloomberg ETF analyst Pegged the likelihood of a January Approval at 90% And that's true I've Seen that directly from I believe it was Eric balunis actually he says like 90% Chances it's happening so why are they Still out of step with uh these these Advisers because only 39% of them think
It's going to happen uh my guess is They're not paying sufficient attention That would be my guess because I think They are way out of line on that one and And F like I said we get surprised and The sec's like haha rug pole we're not Actually proving this thing and then They're just going to sued into Oblivion Uh but I really think there's close to a 0% chance of of that being the case here So uh so they're not counting on it next B point but the vast majority see its Approval as a major Catalyst 88% of Advisers interested in purchasing Bitcoin are waiting until after a spot Bitcoin ETF is approved and there you go So they're waiting they're not Purchasing and this is leading a lot of People to say that actually this is not Priced in this movement it's not priced In so when this thing gets approved Money Flows In there's going to be no Pullback it's a buy the news EV event That's what a lot of people are saying I Remain Unconvinced because clearly the Market's Been running up and do you think that Perhaps this narrative has to some Degree played in do you not think that There there going to be plenty of people Who are going to sell because look like Whether or not these Financial products Are successful is a different question Than people who are in the market now
Are they just going to sell the news These are two different things and and And some people are reading this as Though they're one and the one and the Same and it's not the case they are not The same thing what we're talking about Is uh if this is going to be a major Catalyst yeah once the thing goes live It's not like everything's going to be Live necessarily on day one and then Everybody on that day decides to pile Money in you know if you look over a Span of years and decades like yeah I Think it's going to be gigantic as I Keep saying but the it doesn't mean There can't be a pullback like both Things can be true obviously so I I Haven't changed my perspective so Specifically for those who are in the Market right now I bet there are going To be plenty who are looking to pull Some Profit and I again happy to be wrong I Could be wrong I admit that happy to be Wrong um anyway third bullet point once You invest you tend to stay invested or Invest more 98% 98% of advisers Who Currently have an allocation to crypto In client accounts plan to either Maintain or increase that exposure in 2024 I yes folks that means number go up Among advisers next Bull Point among Advisers who allocate the size of the Allocation is rising large crypto
Allocation more than 3% of a portfolio More than doubled from 22% of all client Portfolios with crypto exposure in 2022 To 47% in 2023 so even though uh it's It's a minority position on overall Portfolios it's increasing substantially Percentage wise which you would expect As the asset asset class grows and Becomes viewed as even more reputable And something that is absolutely here to Stay uh yes directionally you're going To see more money flow into it a greater Rate a greater percentage rather next Bullet point client interest remains Strong 88% of advisers received a Question about crypto from clients last Year see that's positive uh next one Held away assets remain a major Opportunity 59% of advisers said some or all of Their clients were investing in crypto On their own outside of the advisory Relationship next bullet point advisers Have their sites set on crypto Equity ETFs crypto Equity ETFs were advisor's Top Choice when asked what type of Crypto exposure they were most Interested in allocating to in 2024 uh yeah so look again there's Always going to be people who want to Hold crypto themselves I'm guessing That's everybody listening to this and Then there are going to be those who Don't want to get a coinbase account and
They're going to get exposure to the Asset class through ETFs where the Underlying product is actually purchased And that will materially impact the Supply and demand Dynamics for every Coin that's in it so it could be ETF That has a basket of coins in it uh Because it's not just going to be Bitcoin son they they a't going to stop There uh next Bel Point regulatory Uncertainty and volatility Loom large 64% of advisers cited regulatory Uncertainty as a barrier to Greater Crypto adoption in portfolios volatility Was the second most pressing concern 47% Of respondents and see that's hard to Believe right because Kim Jean ginzer he Already told us that the regul Regulation it's all very clear right so That that it's hard to believe that Anyone would disagree with Kim Jean Ginzer right and the final bullet point Advisers prefer Bitcoin over ethereum 71% of advisers favor Bitcoin over Ethereum a market increase from the Previous year 53% and so there are Literally I mean the data shows it there Are absolutely advisers out there who Will not purchase Bitcoin or or or Get uh offer Exposure of the crypto asset class to Their uh to their their clients until There's approval of a spot Bitcoin ETF so it is true that this is going to
Increase demand for Bitcoin materially But again I think it happens over time Where's this idea that uh just right out The gate it's all just happening right There like snap of a Finger happy to be wrong I don't think I'm wrong that's just my personal Opinion here uh James Seer responded to This information and said not going to Lie this is very surprising to me Particularly with all the added media Coverage only 39% of advisers surveyed Are expecting a spot Bitcoin ETF in 2024 Probably a case of boy who cried Wolf yeah well I guess they're just not Paying close enough attention and Another Factor actually I think it's Fair to bring up is that the U the Respondents they were they were surveyed What was the date October 20th to December 18th of last year year so you Know the people closer to December 18th Perhaps they'd be more likely to to Think that this is going to occur with All the additional information that was Coming out towards the end of 2023 so Take it for what it's worth we could see Fireworks tomorrow worst case scenario It's a virtual certainty it's going to Happen next week and we I mean it's Already Thursday so we don't we don't Have to wait long but yeah I'm expecting Lots more stuff to leak so even if There's no official announcement yeah we
Go it probably going have some Interesting news tomorrow regardless but Uh we'll see what happens Almost there folks I'm so curious to see How this actually unfolds I want to see Because I'm curious like I want to know If my guesses end up being right or Wrong I'm not a financial adviser you Should not buy or sell anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
