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Hello this is Matt on the moon Lambo Channel in this latest Moon Lambo Hot Jam I'm going to share with you Perspective from a couple xrp chart Analysts and one of them said pretty Bluntly this thing's just going to blow Kind of like a pressure cooker and means Things can only trade sideways for so Long and particular in an environment Like this um there's also this headline From coin Telegraph Bitcoin Targets $48,000 in spot driven bitcoin price Rally and and then I found this article Very interesting I'll share this towards The later part of the video but from the Block SEC will approve a spot Bitcoin ETF as a political necessity says TD Count and so some of what they ended up Covering here and some of their thoughts It's in line with what I had been Thinking Like how could the SEC possibly get away With not approving this I mean you could Say that there's such terrible awful Human debris that maybe uh they just Don't worry about like the legal Consequences so on and so forth but I Think that a good point well multiple Points that are good that were made here And that this is from again TD Cen uh They have like 14.5 billion dollar in Assets under management I was curious so I looked it up before recording this Video uh this isn't exactly some sort of
Fly by Night uh firm here but before Going further I do want to be clear I do Not have a financial background of any Kind I'm 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 yeah the last 24 hours or so have been particularly Interesting uh with Bitcoin running up Almost $4,000 in a single day uh almost Almost hitting $46,000 and it's gone a Little bit back down since then at least At the time I'm recording this but uh The greatest fireworks I still suppose Are likely ahead uh that's certainly What is indicated in this article for Coin Telegraph uh Bitcoin Targets $48,000 in spot driven bitcoin price Rally and I noted yesterday that uh Prices were running yesterday almost Certainly because of a widely spread Rumor that today January 2nd uh the spot Bitcoin ETF would get approved now I Said yesterday I doubt that that's the Case maybe it happens but I wasn't Confident it was going to be the case And now we can see the days pretty well Over uh it didn't Happen so um you know the price didn't Go back down to where it was before this Rumor was really widely circulating went
Down a little bit but it didn't happen And it still doesn't matter because it's Going to happen within roughly the next Week I I think anyway but anyway peace Reads as follows Bitcoin hit new 21-month highs on January 2nd as Excitement return to crypto markets in The Asia trading session data from coin Telegraph markets Pro and trading view Showed bitcoin price strength building As the New Year holiday period ended Amid renewed excitement over the United States first spot Bitcoin exchange Traded fund ETF for short uh Bitcoin USD Gathered steam to hit 45 922 on bitstamp rumors over the ETF Abounded including a potential decision Coming in advance of the official Approval window which begins January 4th Traders were in no two minds about the Source of the latest bitcoin price Upside in an update to subscribers on X Formerly Twitter crypto Tony described Anticipation of the ETF driving Trajectory quote uh Bitcoin is trading Like an ETF is about to be approved end Quote and that's from Scott milker I Actually happened to share that that Quote uh in a video yesterday as things Are going completely bananas I mean Let's be real like that's a big day if You're talking about Bitcoin in a single Day moving up somewhere close to $4,000 That's a pretty big
Day um and of course we're going to see Even bigger days you'll you'll see Individual days I bet you where it's Going to be like over $10,000 I will not Be surprised to see that in the future At some point anyway uh analyzing order Book changes fellow Trader skew noted That some selling Was taking place but that this remained Comparatively muted in volume price Stalling since spot selling started I Previous highs as area of importance on A dip 44,400 bucks his latest X poost Confirmed as coin Telegraph reported Estimates for how high Bitcoin USD could Go around the ETF focus on $48,000 and Folks you know that figure I keep seeing Roughly that figure or exactly that Figure thrown about by a ton of chart Analysts it just stood out to me So perhaps there's actually something to That and of course if if bitcoin's Really going to go bananas and most Analysts uh do think that we're going to Be seeing a new alltime high for Bitcoin This year and I hope they are correct Because I don't pretend to know but if We are going to see that you better Believe that xrp is going to go freaking Ballistic it's been trading sideways for So long which is normal for it I mean Xrp is Xrp um but that's why I just like I know For some people they get beaten down
Sorry cough came out of Nowh anyway so I I know for some people You know you feel like it's just Impossible an xrp it's ah it's 60 cents Come on there other coins perform better Okay seems impossible like I keep saying Until one day it isn't and this is just Normal behavior for xrp and so here's an Xrp price chart shared by analyst dark Defender and he wrote if you are still In and get mad about xrp look at this do You think that xrp can defer the break I Don't think so no room left we will Catch the wave and enjoy the prosperity Of 2024 and so look if bitcoin's going To do well like the idea that xrp is Somehow not going to be a part of this But other altcoins are is completely Bananas to me and So even if we're in a and I think this Is true actually even if we're in a in a World where increasingly utility and Developer activity actually matters We're going more in that direction xrp Has that you know and I know nothing's a Guarantee in investing Period but doesn't doesn't that bode Well for xrp well I sure as hell think So I think it instills confidence in the Market and it makes it more likely that People are going to keep snatching up Xrp at these lower prices then people Are going to Foo in it's just how it Works because then by that point like
The people that are going to be buying Xrp when it's $10 it's the foam oers It's the same people that were buying Bitcoin at $70,000 you know it's it's It's the same people that were buying Eth at whatever it high was around 4500 Bucks whatever it got To so it's it's not like there's Something about xrp that will make it so That humans don't behave as irrationally Just with xrp of course they're going to You know it's going to be Ridiculous here's a post from chart Analyst egreg crypto and this just a xrp Price chart he wrote xrp it is brewing The chart for xrp is tightening up like A pressure cooker ready to blow And Eruption seems inevitable and the Anticip a is rising faster than ever xrp Army stays steady the pressure is Mounting and it looks like something Massive is about to break Loose so I will just say this Historically when xrp goes oh it really Goes and it's it's still amazing to me That even with the SEC nonsense from Last Market cycle that's xrp still was Able to hit $2 I mean you think about it From the bottom to the top last Market Cycle despite the SEC lawsuit a freaking C lawsuit xrp still had roughly a 20f Increase from the bottom to the top that Is bananas so now that um xrp is Unshackled you know it has its legal
Clarity there's nothing that's going to Hold it down I mean it like xrp think About it xrp being held down still meant A 20-fold price Increase that is going to be ridiculous This it's going to be so much fun I'm Just saying here uh then there's this From the Block and and look I think I Said my piece on this I don't want to do It again this Video look other than to note in case You haven't heard my personal opinion This this spot Bitcoin ETF it's going to Get approved I think a bunch are going To get approved all at once a bunch of The applicants I think it's going to be A sell the news event even if the price Rises quickly but I think over the long Haul it materially matters that's my General stance just in a nutshell and so This is exciting and again analysts from TD Cowen major firm say that it's Actually political necessity for the SEC To play ball here and actually approve These things the spot Bitcoin ETFs so piece reads as follows the US Securities and Exchange Commission will Approve a spot Bitcoin exchange traded Fund by the January 10th deadline as a Political necessity according to Investment Bank TD Cowen quote to us this is a political Necessity as the agency needs to cement Its role as a crypto regulator before
Congress consider broader crypto Legislation end quote and that was so TD Cow and Washington research group led by Jarrett cyberg wrote that in a a note on Tuesday and said quote we also believe The agency does not want to lose a legal Challenge to its refusal to approve Bitcoin ETFs end quote yeah and so That's what would happen if the SEC went This route and they already lost the Grayscale lawsuit so if if they actually Don't approve this moving forward they Know they have to know right that they Would lose would they want to go through That that I'm not going to rule anything Out because it's the SEC and these are Just like the most terrible ass hat Pricks that nature has ever created Working there but uh so I I won't Technically rule it out but that's just Well because they are that absurd they Do stupid stuff all the time they they They inflict harm on themselves they Really Do so I I'm not going to say it's a 0% Chance you know but my God it would be Ridiculous anyway peace continues the January 10th deadline is when the SEC Must finally decide whether to accept or I and uh an application from Kathy Woods Arc investment in 21 shares the first Group to file a spot Bitcoin ETF Application by that time the SEC could Also rule on other similar filings more
Than a dozen firms including Black Rock And Fidelity have filed spot Bitcoin ETF Applications so we're going to know I Just wait you it's it's the second now Even if it's as late as the 10th okay You're talking about you're talking Eight days There uh we're going to see fireworks Because I'm telling you like even if There isn't an approval which I think Would just be crazy but even if there's Not an approval the Market's GNA do Something the Market's gonna do Something I cannot wait to see what the Hell happens here this is such an Exciting time to be in crypto so I hope You guys are having as much fun as I am I'm having a blasty blast every single Day man you know we got through all the The crap you know the years on end with The SEC crap just the fact that we were In you know in a bare Market with 2022 And FTX collapse uh to finally seen a Bit of positivity in 2023 especially as Xrp holders getting that big one xrp not A security um and now going into a bull Run with that legal Clarity I do believe It's going to matter tremendously Because we already well we already know For sure we saw real humans respond the Way they responded last Market cycle While while it was under attack so we Know that legal Clarity matters we don't Have to question that we already saw it
We know it matters but now we have it And this will be the first time xpiece Going into a bull run with this legal Clarity I yes it matters and I don't Care some people say that uh there's Proof that it doesn't matter because xrp Has been moving sideways lately I'm like That is a stupid idea no the real test The real test is when when everything Starts going ballistic how high is xrp Going to go because it's certainly going To continue to move in tandem so the Question is does it hit a new all-time High does it in price Discovery I think As long as Bitcoin does to me the my my Guess and I don't know my guess would be Yes so it's just kind of like a question Of how Though I just I have never been this Optim optimistic as an xrp Holder I and if it doesn't go if Bitcoin Hits a new alltime high and xrp doesn't Go we're going to need to have a talk And do some do a serious postmortem on That one but I don't think that's what's Most probable what do you guys Think 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 Boon Lambo
