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Hello this is Matt on the moon Lambo Channel I'm observing that there are a Lot of people that have opinions on Certain things without sufficient faxin Data you know will real will real money Actually flow into xrp or Bitcoin or Whatever the hell coin you're interested Is that actually going to happen because That's what we need is greater demand You want higher price it's not only About Supply what about an actual demand Which I think is typically more Consequential if you want these crazy Runs that we've historically seen in the World of crypto well the approval of Multiple Bitcoin ETFs narrative was Supposed to result in in such an insane Amount of money flowing into well not Just Bitcoin but the entire crypto asset Class that it would result in everything Including xrp rocketing in short order To new Highs but that didn't happen did it and I didn't expect it to happen I've talked About I talked about it for a long time Leading up to the event of the approval Of these ETFs I didn't think for a Moment that was what was most probable And I kept saying you know happy to be Wrong I would love to be wrong I just Don't think I'm wrong but I will tell You that if the spot bitcoin's Bitcoin ETFs had not been approved the market Would be much lower and xrp might not
Have held on to a very crucial support Level that it's bumping against right Now actually you know and the market Would be lower for two primary reasons First of all people would have freaked Out and sold as a result of the scary News so there are people that didn't Freak out because we didn't get the Scary news presumably some of them are Still here even though it's been a week And and some people have been some but Also because real money has flown into Bitcoin ETFs as I will show you in this Video and and so obviously the price has Still been going down but why might that Be well that's what I want to talk about Because there are some people with um Undeserved confidence I would say as it Pertains to this particular topic but uh Before going further I do want to be Clear I do not have a financial Backround 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 Enthus Enthusiast who enjoy making YouTube videos about crypto related Topics but just as a hobby and just for A fun all right now in my last video I Shared this post uh from chart analyst Cryptos but I wanted to highlight it Again just to note where we're at here I Noted xrp daily closed above support 54 Cents is our most important level will
Likely revisit yesterday's lows before a Bounce and at the time I'm recording xrp Is just a hair shy 55 cent so it's a Crucial level that all sorts of analysts Are are talking about so if if if you Want us to see us bounce up off here Just Please people over complicate this stuff The entire asset class moves in tandem If Bitcoin breaks down then xrp may Break down if Bitcoin isn't going to Break down it is less likely that that Xrp will break down you don't have to be A CH guy to understand this I've been in The space over six years I see it all The day damn time the market does move In tandem period but that's not to say That you know the ETF stuff it's not That it doesn't have an Impact um take take a look at this There's this post from Jim Kramer who is Arguably the most incorrect F fake Financial Guru um on the planet today He's the most well-known one anyway Right this guy I just I don't know how It's possible that one single um alleged Pro when it comes to finance and picking So I I don't know how there could be one One single human that is So so consistently incorrect so Consistently Incorrect and people still Will follow him my God people would just Be better off if they just buy index Funds just just buy like ju just pick
Like a a black rock you know S&P 500 ETF And and just you're good you'll do Better with that than with Jim Kramer This isn't some sort of you know God When it comes to picking stocks it's Ridiculous But anyway he he he wrote The Following And this is um and this is just last Night he said nasty beginning to the Bitcoin sell off someone's probably Going to try to make a stand here but as We said last night you can't have an Asset double in value by hundreds of Billions of dollars in anticipation of An ETF and then almost no one shows Up is that right Jim Kramer has it Actually been a horrific selloff to this Point well at least at the time that I'm Recording the answer is certainly no and In in fact a popular analyst by the name Of ched's Equities okay fine this is crypto this Is not the case here it's a highly Volatile Market there's there's less Liquidity there's less money in the Space it is just going to be more Volatile until it matures and things Flatten out over time that's just how it Works once more money Flows In it's hard To get it to double triple so not just Double triple but that means that it's Also harder to you know have sufficient Forces to the downside for it too that's Just how this stuff works here and so
The the fact that Bitcoin did what it Did even if even if you buy into the Ethereum maybe it's that uh price action Was pulled forward as a result of all The the whole ETF narrative here what What was happening during that same time Well we know that the crypto asset class Moves in tandem with what's happening in Equities what what's been happening well It's not been so bad in equities the Last few months has it you know it just And so of course Bitcoin moves to a Greater degree to the upside when it Goes but Still Jim Kramer oh Jim Kramer that's a Real human that exists guys don't forget Like that is a real human that Exists so what about uh what about the ETFs though is it as bad as everybody's Saying well no it's not and it was never Going to be a by the news event I mean I Didn't think that's what was probable Anyway but um I genuinely would have Been happy to be wrong though for I mean That I said a multiple times leading up To it really would have been happy to Lead up to so the fact that it wasn't to Buy the news event is this some sort of Disastrous thing no this is this is Personally what I was expecting you Know and if anything I was expecting to Sell the news event and you know over The last week price has gone down over The time it just wasn't a dramatic sell
Off but but still uh has it been as bad As people are no it's actually better Than what some people would have you Believe but that's because I think a lot Of people are just saying stuff they're Not happy that the price didn't go up Further and they're just blaming the ETF Action I don't think they know what the Hell the numbers are the numbers are Good there was never going to be enough Right out the gate to to uh to get us to Rock it to a new all-time high for Bitcoin I I never and I never thought That made sense but are the numbers good For brand these brand new products which Just launched about a week ago yes there Is actual demand for them and and um Grayscale not doing so hot with their With their uh with their ETF their Bitcoin ETF their gbtc it was converted From a trust into um into an ETF so now Everybody can buy and sell it and on Major stock exchanges in traditional Finance but they have a fee of I think 1 5% whereas if you look at Black Rock I Want to say black rocks if I'm not Mistaken it's somewhere around like 0 2% For the first 6 months and then it's 3% After half a year um so a lot of people Are theorizing that people would stay in Grayscale um perhaps just because there Could be tax implications but that Doesn't seem to be holding people from Selling off apparently what is way more
Important to these people is the fact That the fee is way higher 1.5% versus 2 to. 3% for a lot of these These ETFs and so the wolf of all Street Scott milker here shared the following With his 932 th000 followers on X Grayscale is not actively dumping on the Market people are selling gbtc which Means grayscale has to sell the Equivalent amount of Bitcoin it's not Nefarious it's simply the mechanics of An ETF and so folks it is the case that A Bitcoin ETF is backed by actual Bitcoin based on the actual demand That's what's been so attractive about An ETF so if any firm is selling their Bitcoin Holdings it's because their Customers the people that were buying Into it they are selling it's such a Basic mechanic that people don't seem to Grasp here and I'm so glad that he Shared it's such a basic concept and These people don't know it they're like They're mad at the entity for what are You talking about that's not how these Funds work damn it that was never how This is going to work the appeal is that If there is real demand uh then it's the Everyday person that can get exposure But then these firms hold the actual Asset that is the appeal of this and There will be an xrp ETF at some point In the future I believe uh perhaps not Particularly soon just not while Kim
Jong ginzler is in charge but I still Think that's going to it's going to be Fantastic for xrp too it'll be great That's the reason I'm looking forward to That but either way this brings more Attention to the entire space and that's Why I keep saying it's kind of what I Was talking about the of the video is Real money going to flow into xrp yes if You have a if you have a sufficient time Horizon my go yes and if since we know That there's this correlation between The stock market and crypto if you Believe that overall the stock market is Going to keep going up despite even at Times pullbacks and recession impacting The amount of money being invested in if You believe that and I sure as hell do Then more money comes in we just need More it's about demand if you're Wondering why there the the price of xrp Isn't higher it's because there's not More demand that's the real problem it's Not because of dumping in the market or This or that that's not the that's not What's what's causing we need more Demand Even if the price of xrp were double Well how many more people how much more Demand in terms of dollars are youting To flow in more than double right so Even if even if the xrp supply could Double are we going to have 10 times as Much money flow in or 20 times like what
What are you exactly you expecting so That that's why I keep saying like I get It I acknowledge the supply side of Things but what about the future demand Side people just they they don't focus On it sufficiently here that's why I was Talking about this um but then there was Also this from Eric balunas and so here We're getting into the actual flows now Eric balunas a name you may be familiar With by now senior ETF analyst for Bloomberg and this is why I wanted to Highlight this because he's deep into The data on this he's he's sharing what He knows real data does this look good And the answer is yes because the crypto Asset class is here to stay son xrp Clearly here to stay it has reached Network effect it's been here for over a Decade we just need more people to adopt Crypto broadly speaking and money will Go where it deserves that's what I Believe anyway and so there is this post Yesterday morning and he wrote The Following latest day four was a good one The rolling net flows grew to $1.2 Billion after the newborn 9 pulled in $914 billion on Wednesday by far their Best day yet overwhelming the 450 Million oh by the way he did write Billion there um he did correct that he Meant 914 million so I just wanted to Mention that so again 914 million on Wedness day uh by far their best day yet
Overwhelming the 450 million out of gbtc That's gray scales the nine have now Taken in $3 billion and traded $5.4 Billion in the first four days Abnormally High Numbers ibit which is um that be the Black Rock one ey shares is now over $1 Billion fbtc which is fidelities Bitcoin ETF uh close behind and bitb which is From bitwise that ETF firmly in third Place now five of them are over $100 Million obviously the nine are growing Beyond gbtc bleed but even if every Penny of gbtc outflows went to them and It hasn't this is normal stuff ETFs have Been taking money from high cost mutual Funds for decades now it still flows Even though netet no new demand from Underlying stocks and it still helped Them grow and get mojo which has led to Millions of new Investments so uh so get used to it the Nine going to steal more uh nine going To steal from more than gbtc 2 anything High cost is vulnerable now this is the Way and so look he's noting here yes There have been outflows from gbtc on Undoubtedly some of them have just gone Into cheaper funds some people may have Just outright cashed out debt okay fine But what you're looking at is a net Increased increase in the the funds so Even if you have big FL outflows for the Grayscale one look at everything else
This is net plus so what you actually See is that what's happening in the ETF Markets right here it's it's Outperforming lately what's actually Been happening on spot meaning people That are buying on cryptocurrency Exchanges like you and me the ETF side Is It's it's destroying that Performance now of course now of course The spot Market a a little bit bigger But it's also been around for you know Almost 15 years whatever it's been I Know there weren't cryptocurrency Exchanges right from the Inception but You get the cut of my jib here and so That resulted in this type of com There's this comment from somebody named Flashman don't know who this guy is 68 Followers on next and he said and he's Just being rude so he responded to Eric Balunas and he said never in my life Have I seen inflows of two billion in Price drop either a your numbers you Report are in complete or B you just Post wrong data LOL clown face emoji so He's just making fun of them so this is Somebody who is not only wrong but has Undeserved confidence as is frequently The case on T weets so that was reposted By Eric balunas who wrote the following Numbers are right homes consider this Stocks have sell all the time even Though ETFs that own them see billions
Of inflows how because it's a big effing Market ETFs are a minority owner that Said the ETF inflows do have impact they Help make selloff less bad same deal Here and so folks that is exactly what It is on the ETF side things are Actually looking really good it's Looking pretty spectacular and it's just Going to grow over a span of years and Decades it's just going to be that much More consequential but it's a small Piece of the overall market so if the Rest of the market is panicking because We didn't have this moonshot because of Uh the the ETF volume at this particular Juncture in time yeah it's everybody Else that was already in the market That's freaking out and selling it Doesn't mean that there's a problem with The ETF stuff that's the point so is the Money going to flow in yes obviously the Asset class just keeps getting bigger And bigger and bigger all we have to do Is precisely nothing we have to wait if If we're speculators if we're hold all We have to do is literally nothing It's getting paid to do nothing it's one Of the reasons I'm not exactly concerned About my xrp it's functionally useful as Long as it continues to be useful I Don't think that we're going to see a Trend reversal for the first time in Over a decade for xrp and if I'm wrong I Could lose everything and I could be
Wrong and it could go to zero investing Is risky I totally get that but I don't See a reason to think that's the case I Think more money flows into xrp which Happens to be my largest individual Holding then there was this uh and then Just uh this is about uh you know closer To 12 hours ago a little less than that Uh he had another update this Eric Balcon is again and he simply wrote this Is interesting the new newborn 9 Actually saw a 34% jump in volume today Versus yesterday normally with a hyped Up launch you see volume steadily Decrease each day post launch rare to See it reverse back up all but one saw Uh one saw jump to gbtc change flat so It wasn't a volatility thing good sign In my opinion Well how about that so even though spot Market freaking out a little bit you Know people still throwing money into The Bitcoin ETFs on the whole looking Pretty damn good and look this is this Is his entire career like this is his Background this is what he does for Bloomberg and he's telling you this is Not normal it's very Good so yes it's a positive thing and I Just I just think that people they're They're they got the whole ETF narrative Completely wrong this seems perfectly Reasonably so it's awesome numbers but Right at the gate it's not going to have
A crazy impact because it's too small Compared to the rest of the market on a Global scale but over time it's going to Matter infinitely more than it is now Like it's I don't I don't know what the Numbers are going to look like but Unless you think these investment Vehicles are going to fail which and I Don't the amount of money that's going To flow in over a span of years and Decades is going to melt faces and here People are flipping out over the short Term worried about what's happening with Their bitcoin price or their xrp or pick Your coin I'm not I'm sitting here and Understanding this I'm just Excited I I'm purely excited because of All this I just think that people that's Why I'm trying to share today that's That's the reason I want to make this Video I don't think this is understood That's it and so that's why again had The news been scarier and these Bitcoin ETFs not gotten approved yeah we would Have seen I'm sure Bitcoin would be a Lower price right now that's that's one Thing and also even though the rest of The market is way bigger than what's Happening with ETFs the price to Whatever degree would be lower if this Money hadn't flown in so it dampens the Blow that's why this guy that gave the Little clown face emoji to Eric balcon Is just being rude on the internet he he
Doesn't get it it dampens the blow that Makes the sell off less bad than it Otherwise would have been because this Is a good portion of the market that is Seing positive inflows at a time when Spot is seen negative inflows over the Last week broadly speaking this is all Good stuff Man like so spot keeps doing what spot's Been doing the whole time acting Completely ridiculous I'm here for it I'm counting on those humans to continue To make poor investment decisions based On their F fs and I'm just going to be Rock Solid and not respond in such a way And the number go up over time that's it Let's not over complicate this stuff This is Great 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
