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Hello this is Matt on the moon Lambo Channel what if all of this spot Bitcoin ETF news is going to ultimately pan out To nothing more than a rug Pole now look I've made very clear that I do not Believe that is what's going to happen But there's serious talk about this and What the implications would be and Perspective as to why perhaps it's not Probable despite some scary sounding Headlines recently but there's some Perspective from a couple of the most Well-known guys uh who have been Pontificating on this top IC would be That would be Jane sefor and Eric Balunas by now if you've been paying Attention you're probably fairly Familiar with the names of these two Individuals both of them work for uh for For Bloomberg uh Eric balunas uh perhaps I see even more posts from him he's the Senior ETF analyst for Bloomberg uh he's Got his sources he's in the know he's Been keeping people apprised of what's Going on and all the rumors going on in The background but again rumors from you Know sources that journalists have so Not just typical Twitter style rumors You know what I mean here um and so There was this post from James cord he Said a quick note on people worried About a guinsler rug pole and SEC voting In relation to the Bitcoin ETFs which I Think is warranted because frankly we've
Had headlines like this within the last Few days from Forbes the rug pull of the Decade Bitcoin ETF denial fears suddenly Crashed the price of Bitcoin ethereum Xrp and salana and then there's this From coin Telegraph spot Bitcoin ETFs Could be rejected if the SEC wants more Time so could this be the rug pool of The century in theory I just I I again I Personally don't think that's probable But I will say this at least in the Short term if the spot Bitcoin ETF Doesn't get approved I think you're Going to see a massive massive crash in Price I don't pretend to know how low it Would be uh now on the flip side if we Do get an approval an approval of a spot Bitcoin ETF I think we're going to see a Massive massive massive press crash okay But but I will say it'll be different Though because there there will be a Move to the upside there will be more Optimism in general um so either way I Like to me ultimately my guess is that Price go down regardless but man if this Really is nothing more than the SEC put On a big Show that would be a crash of a Different magnitude that's why I wanted To talk about this now again uh not just Spread for I don't think that this is What's probable but it's perfectly Reasonable to discuss this and frankly I Appreciate Eric baluna is kind of
Explaining why it's probably not the Most likely thing it is technically Possible um and so here's what he had to Say uh re the but the SEC hasn't voted And how that's some kind of possible rug Pull so that's the topic and he says few Things the SEC has never voted on Bitcoin ETFs spot denials or the Futures Approvals they were denied or approved Via delegated authority see below from Commissioner Pur speech uh which would Make sense here to since this has been a 10th floor driven initiative since the Gray scale went okay so pause this just Note when he says 10th floor he's Talking about it's the people at the top Of the SEC that have been making the Calls and then the the the speech from Hester Pur SEC commissioner uh that's Here I'm not going to read this whole Thing but I'll read the last I think It's just the last sentence or towards The end here um now mind you Hester Pur She's one of the two Commissioners out Of a total of five Commissioners that Voted against bringing a lawsuit against Ripple against it um and so here's what She said although many of the early Bitcoin exchange traded product denials Were issued by the staff under Authority Delegated from the commission my Criticisms about these denials and other Policy choices are leveled at the Commission not the staff the staff
Appropriately is following the Commission's lead and the commission has Not been leading well okay so point Taken and then Eric balunas continues And he says second if they did vote They'd have to have publicly scheduled a Meeting next one is on the 11th but that Would be too late for a January 11th Launch so probably not relevant and if There were a vote hard to imagine any Possibility Gary would vote no because a There's no basis to deny and I gotta Pause right there it's very cute Eric Balunas I'm a fan but it's not going to Happen because it wouldn't make sense I'm sorry when when when has that Stopped Kim Jean ginzer from doing any He flipping feels like doing Logic what's that so just respectfully I Say uh but I get it you know maybe there Is such a thing as too far even for a Monster like Kim Jean ginzler uh but Anyway Eric balun continues and he says Point B he is literally the one who Directed the staff to put in thousands Of man hours to work uh with 11 issuers On 5 to 10 rounds of comments and most Recently telling them they want these Lined up for January 11th launch so Pause right there that is the word that Comes from legitimate sources this is Happening it's not technically official But that is the word from reputable Sources and so to me this makes more
Sense frankly that his his second point Is stronger than his first because Gary Ginzler is literally the one that said Go do this work and as he points out Here it resulted in thousands of of man Hours and to what end because again I Still can't IM I don't know what the What what's the end goal for the SEC ass Hats if they're not going to prove this Thing we're just going to pretend like We're doing that doesn't give them any Sort of repute or any like like what Would it Do how would that even help because They're going to get sued into Oblivion If they don't approve this thing and no Amount of back and forth I just I maybe I shouldn't say no maybe there's Something there could okay admit there There could be something I haven't Considered of course okay fine but I Still think that given that there was The talk of them being arbitrary and Capa capricious when that the grayscale Lawsuit they lost I I just I find it Hard to believe that they would actually Believe that doing all of this and all Of these thousands of hours of man hours Only to know ahead of time that they're Going to deny this stuff it's just hard To believe that they'd actually do that Thinking that it somehow helps them That's what I'm getting at here now Since it is the SEC I don't technically
Have 100% certainty but I'm just saying Like even for them like that would be Like one of the most outrageous things Ever to occur in the world of crypto it Really would be like we're this moment If this doesn't get approved this will Be the most one of the most outrageous Things that has ever occurred in crypto Period because and look I understand There have been other um in other parts Of the world similar products that that Have been approved but you're talking About this product here in you know in The United States you know the most Successful economic Force the planet has Ever seen so it's of substantial Consequence here and like it or not Bitcoin follows the stock market we're Talking about what is broadly speaking It's not exclusively of course but what Is largely what is happening Economically within the the United States and I understand it's not the Case that literally um economic activity It's not necessarily case that that uh That that stocks at every given moment Follow exactly what's happening from an Economic perspective but but the point Is there is a certain correlation and It's tied together if the if the economy Ceased to exist we wouldn't have a stock Market for example so that's a no-brain But still I'm just Saying and then he he wraps up by
Stating um oh here we go all that said We still won't go to 100% odds until SEC Makes it official just like ESPN won't Go to 100% winning chance until game is Literally over regardless of score sorry This tweet Is So Long by the way um yeah So so points well taken that that's fair Enough but I think we all know that it's It's a virtual certain certainty this This thing's locked up be and also Because consider this if if the if the SEC is doing this just for show they are Lying to everyone at every single one of These firms including Black Rock okay I mean we'll we'll see exactly What happens here um I also found this Very interesting uh this came from uh Gaber gerbox founder of uh pointsville Strategy adviser hether and Vanek um so there's a there's a I'm not Going to read all what's on your screen Here I did make it full screen in case That helps you for those of you looking At a television you're probably not Going to be able to see it on your IPhone though um but anyway uh he shared The following here and it just I wanted To highlight this idea though just Because it really does speak to like the Degree to which this will be Consequential so the people that say That uh you know this this whole thing With the spot Bitcoin ETF ah it's just a Stupid narrative for retail I just
Respectfully disagree I I I understand Understand that there there's probably Going to be a sell the news event I Would agree with that but if you're Talking over a span of years and decades I just I don't see how this isn't of the Utmost Consequence uh because you're you're Talking about just a Fortune of money Over that longer time period it's Flowing in this this would be a big deal Unless you think that all of these firms Including Black Rock are going to have Failed products and so Gaber here shared The following perspective with real data Which should give you an idea of just What's at stake here and this will also Help you to understand just how early You are you are super duper early to Crypto I know it's been around 15 years Now you are very early in the scheme of Things so he wrote The Following whether Bitcoin ETF see 500 million or5 billion Doll flows in the first weeks matters Some but not that much on the long run Folks I gotta pause that is exactly what I've been saying for weeks on end if not Months on end at this point actually I Guess yes spot on why is it why aren't More people saying that anyway he Continues what matters is there is Roughly 500 trillion doll in assets Globally that gain access to Bitcoin in Both physical and financialized forms an
Assumed .5% Global allocation would mean $2.5 Trillion flows plus appreciation over Time plus additional fund investment and Credit that comes with it this is why Large institutions care so folks uh yes That's exactly correct and again that's At 05% Global allocation How how much will actually be allocated I'll not be surprised to see it much Higher than that much I don't know to What I'd just be making up numbers but Half a percent for this massive Monstrous thing that that we know crypto Is going to grow into over over the Coming Decades I'm just guessing bigger I'm I'm Guessing way more money Flows In which Is why again I keep saying like you're Super early Here so we'll see what happens here but I couldn't be more optimistic I'm Expecting nothing but positive news and Um if it is a selda news event I will Not be freaking out in the least and if It isn't and I'm wrong which is possible I'm not right about everything I'm just I'm making a guess like everybody else On the planet uh great that'll be one of The instances I'll I'll I've been most Happy to have been wrong because my Network will just keep going up then We'll see what happens though folks 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
