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Hello this is Matt on the moon Lambo Channel xrp form's largest bull flag in Cryptocurrency history that's the Headline from the Crypt basic sharing Perspective from a chart analyst who Believes that this is going to result in An absolutely massive massive Bull Run And he thinks that we're probably pretty Close to this um also I want to share With you perspective from Anthony Pompano because I've been sharing my Thoughts on this impending Bitcoin ETF I Think it's going to get approved and Maybe I wrong and uh you know the masses Who think that that's most probable are All going to found to be wrong and okay Fine then just push the date back I mean It's still going to happen here at some Unknown point in the future I firmly Believe but there's this question that We've been talking about a lot within The the the world of crypto is this just Going to be a buy the room or sell the News thing is is is the price of Bitcoin Upon the news breaking just going to Plummet imminently or is it going to Surge and then shortly thereafter crater Back on down and I certainly think it's Plausible it may but there's more to it Than this I keep saying that there's There's going to be uh like real money Flowing in over a more of a prolonged Period of time and Anthony Pompano he Shared some data here and he said that
You know this is going to be basically The biggest once this gets approved this Is going to be the biggest marketing Blitz in history and so that's why even If it's a buy the rumor sell the news Thing it doesn't matter in the end the Real money will still really flow in and You know what that'll mean for the Entire space so if Bitcoin continues to Lead the way in that regard uh and I Think for the indefinite fure I see no reason to think that it Wouldn't this is going to be fantastic For everything and but the amount of Money that that should flow in as a Result of This truly staggering and so I Don't see enough people acknowledging This but anyway but 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 to enjoy is Making YouTube videos about crypto Related topics but just as a hobby and Just for fun now my fellow xrp xrp uh Holders we've had to be among the most Patient of crypto holders in all like For the entirety of crypto to to see This through to this point I mean with Xrp being the only top 10 coin that Didn't see a new all-time high oh I Wonder why that is uh SEC looking at you
And all this Nonsense uh I know it's been a much Longer Journey much more arduous than Any of us would have guessed a few years Back totally fair but we have never been So damn close we really are here and as Long as Bitcoin hits a new alltime I Firmly believe we're going to see xrp Hit one two I understand why it didn't You know in 2021 that's easy to Understand I also understand why it Didn't in July because one of the Requirements historically for xrp to hit A new alltime high is uh is for Bitcoin To be running here and it doesn't mean That we're not going to see a big move Up in the meantime I mean look we Absolutely I think it's absolutely Reasonable to expect that just like in 2017 when xtrap started the year summer In the neighborhood about half a penny And then U before heading what is now The current alltime High it had a crazy Run up to over 40 cents in the first Half of 2017 and then it cratered back Down but it did have some real serious Excitement and then it was dormant Practically just trading sideways for The next a little over half a year but Then it resumed and so that's why uh it Certainly plausible to think that we Could be seeing much higher prices for Xrp sooner than later uh even if we Don't in the next several months even if
That's the case even if we don't see a New all-time high well just wait for Bitcoin to get where it needs to go and Xrp can have another leg up there's Historical precedent for that so I think We're going to have like it's like 2023 Let's be real it's been a fantastic year For xrp it just has and I know some People are feeling sour in the community Right now because other stuff's doing Even better but I think it's silly I Talked about in the last video but it Has been a great year it's been way Better in 2022 and xrp has legal Clarity Well I firmly believe what's most Probable at this point is we're going to Have a way better 2024 as an xrp Community than we did 2023 so let's jump into this perspective Here again this piece is titled xrp Form's largest bull flag in Cryptocurrency history data confirms That xrp has formed what is possibly the Largest bull flag in cryptocurrency History amid its sustained performance Below the January 2018 all-time high of $384 ABS a prominent Market commentator And a M of the 3T Warrior Academy Research team disclosed this in a recent Post on X he cited xrp's price movements On the monthly time frame noting that The flag formation could lead to a Substantial Bull Run notably data from The one month chart brings Credence to
The claim recall that xrp leveraged the Bull market of 2018 to record an Impressive all-time high of $384 in January 2018 having surged by a Mindblowing 127,00 from the 0.3 value it witnessed in January of 2017 however after xrp attained the $384 C high in January 2018 the digital asset Started recording a collapse the Bears Looked to trigger a retracement that Would see xrp relinquish all the gains Picked up in 2017 one of the most Successful years yeah by the way folks Since I do not pretend to know where xrp Is going to Peak when it finally does That that is part of the reason that I Will be selling earlier than some people So the primary reason is that I bought Way more xrp than I ever thought I would Have you know if you ask me how much I Thought I might purchase back like six Years ago when I jumped into crypto I Own way more than I ever thought I would But the reason I did that is so that I Can scale out at a lower price I can Start to scale at a lower price so I'll Hit I'm hoping to hit a certain dollar Value kind of a rough idea in mind as I'm sure pretty much all of you do as Well and because I took on more Risk by Purchasing more xrp I'm going to be able To get out sooner because I have a Feeling that even though the regular
Day-to-day volatility for xrp isn't Going to bother me I think I'm probably I'm expecting to feel nervous when price Starts heating up and I am going to be Concerned about making sure I scale out But that's why I'm uh I'm doing what I'm Doing because I don't know where it's Going to top up so um you know people Are thinking it's going to top off at 15 Bucks then I'm going to make make sure I'm way out before that people think It's going to top off at 12 bucks well I'm going to make sure I'm out way Before that this is just my general Thinking on the topic here so uh yeah it Just you got to expect whatever it's in When it gets up there yeah you're going To see a massive collapse again this is Power for the course this is true with Every coin we've saw seen it with xrp We've seen it with Bitcoin we've seen With eth pick a coin it happens it's a Known quantity so it's for me it's just The a mission of you know what can I Actually reasonably sell this for how is It going to go and am I going to I just I'm going to make it my mission to not Hold on so long and not be unreasonably Greedy so that I don't fall into this Position where I miss a crucial Moment In The xrp Bull Run that's really all I'm trying to get at here and if that Means that xrp runs way higher than Where I sell it good for the rest of you
Then that didn't sell it until those Higher levels good for you and I do mean That very genuinely I just won't be There for it in all likelihood anyway Anyway peace continues xrp corrected Most of these gains but remained above Its initial price before the 2017 rally All efforts at recovering the Lost Values and reclaiming the all-time high Have proven abortive interesting choice Of word right ABS pointed out that Several Market analysts attributed xrp's Inability to reclaim the $384 C all-time High to the SCC lawsuit duh that's the Biggest duh statement you could possibly Have as to why and it's true though it's Yes the USC's charges came up in December 2020 amid multiple delistings And sustained selling pressure xrp was Was unable to ride on the 2021 bull run To recover the $384 all-time high the Asset only hit a high of $1.96 in April 2021 and faced resistance the lawsuit Put xrp in a unique position yeah and I Will note um I have screen grabs of xrp In April 2021 at exactly $2 so it Depends on where you're pulling the data From so they said Buck 96 I saw it at Two bucks depends on what platform You're on you know because each Individual cryptocurrency exchange that Is its own contained Market and then When you get slight price discrepancies From exchange to exchange those create
Arbitrage opportunities which flatten Out the price Overall Um anyway so um here we go nonetheless Extrap performance uh since it dropped From the the $384 C high in January 2018 Has resulted in the formation of a bull Flag and so there's a chart on your Screen for those who that care to look Uh and that's on the monthly chart the Measured move during the 2017 rally Formed the flag pole while the price Action from 2018 to this point has Formed the flag due to the duration this Flag represents the largest bull flag Formed by any CP crypto asset ABS says His chart suggests that xrp is now Heading toward the peak of the flag Looking to engineer a breakout soon Notably such a breakout coupled with Xrp's recent legal Clarity could result In a massive price run uh yeah and I'll Just tell you this again I don't make Price predictions I never will and I I Don't pretend to anything for sure but Yes that that would be my strong Suspicion we're going to have some face Melting action into not in the not too Distant Future um and then there's there's also Though you know this narrative and I Don't agree with all the aspects of it But this whole Bitcoin ETF thing like I Was uh kind of laying out some thoughts
At the beginning part of this video here I yes I I do think that the actual ETF Itself once it's approved there'll Probably be multiple approved all once Is as my current guess based on new Information that's occurred over the Last few weeks uh yes when this happens Ultimately it will result in a ton of Money flowing in and as a result since Those have real ramifications in terms Of actual supply and demand of Bitcoin Uh it's it's it's going to like the Implications of it it's it's hard to Overstate If you're looking over a long Period of time now in the short term That may not be the case I totally think It's plausible perhaps most likely that Bitcoin runs on the positive news and Then not long after that people start Selling goes back down I could I could Absolutely imagine that happening we'll Find out together I don't know for sure But I'm saying what I'm saying is even If that happens unless you think that Black rock and all the other major firms Out there are going to have these Financial products these Bitcoin ETFs And they're going to fail then what is The worry here and so Anthony Pompano Although he is a Bitcoin maximalist and I think that's completely ridiculous He's making good points here and that's Why I wanted to share this with you
Because not enough people are talking About the real world impact here but he Wrote The Following the greatest Marketing Blitz in finance history is Coming we are on the precipice of one of The largest Marketing blitzes in the History of financial markets the Bitcoin Spot ETF is rumored to gain approval in Early January 2024 which will kick off a global Competition between Financial Heavyweights for billions of dollars in Assets under management let's dive into Some of the numbers when the ETF is Approved It is likely that 5050 to 100 Billion will flow into the various funds Within the first 12 to 24 Months the approval of a Futures Bitcoin ETF was the fastest growing ETF in History with approximately $1 billion Invested into the fund in the first 48 Hours so we should see quite a bit of Exuberance around the spot Bitcoin ETF Okay so I'll pause here to note uh I'm Not saying I'm completely sold on that Rough estimate in terms of dollar Figures 50 billion to 100 billion I've Seen other estimates much more Conservative maybe over over the first Year maybe more like 15 billion um and It's not something happens overnight Obviously so but that's why for me it's About slow and steady wins the race here
But as far as the idea of yes this go And then and then it's just it's off to The rate and it's going to be I mean It's going to be a fight for all of These firms trying to get a foothold as Like the dominant force in selling their Spot Bitcoin ETF product here so yeah When happens it's going to be incredible It's just that just I'm just saying you Don't be surprised if there is a selloff Shortly thereafter that won't be Surprising in the least to me we'll see If it happens but anyway he continues Additionally grayscales gbtc had about $40 billion market cap in the 20121 bull Market even though it was a less ideal Trust structure this signified how much Investors wanted Bitcoin exposure via Public markets yeah and so I'll pause a Note here um and this is why this is so This will be so consequential the like The everyday Joe Schmo out there can do This because when you're talking about Purchasing gray skilles U you know their Bitcoin trust fantastic but you have to Be an accredited investor so it already Limits people right there but you're Talking about being able to purchase you Know the spot Bitcoin ETF on the New York Stock Exchange and and also Whatever figure you think makes sense Flowing in the first 12 24 months as is Discussed here by Anthony Pompano the dollar figure I mean it's
It's estimated that you you should Expect in terms of the implications from Market a five to 5 to 10 fold increase For that so like on the more Conservative number I saw which is not What Anthony P said 15 15 Billion uh so expect the market cap of Bitcoin to increase 5 to 10 times that So then if you're talking about Anthony Pompano's numbers though then it starts To get real wacky and if he's and this Does seem to be what he thinks is Probable so and if he's right then great I mean I'll be I'm going to be here so I'll be happy to see it but if you're Talking about 50 to 100 billion and a 5 To 10 fold increase which are some of The best estimates that I found because That's just Ty like that's what it means You know for every dollar that flows Into Bitcoin I've seen the arguments That just they're estimates but five to 10 fold increase so you put in one Buck Then market cap goes up by five you Know anyway he then says given these Prior data points we can assume the 50 To billion number for ETF Inflows gbtc currently charges a 2% Management fee pro shares charges 95% let's handicap the probable fee Structure at a 1% management fee for Easy numbers this means 500 million to1 Billion is up for grabs in annual Revenue to the winners of the ETF asset
Race what would you do if you were the ETF issuers that get approved and so This is what I'm talking about this is Not the same as similar products that Were approved in other countries like Canada this is not the same this is a Gigantic Market major players whole Different Realm and yes I do buy the idea that Over the Long Haul they're going to be Having an intense battle and right out The gate is what matters most just to Even try and get a Foothold anyway he continues spend an Insane amount of money to capture as Much market share as you possibly can we Know from previous ETFs markets that ETF Assets under management tends to be Fairly sticky once a clear winner has Been established it tends to keep the Dominant position liquidity begets Liquidity assets attract assets this is Why I believe we will see the most Insane marketing Blitz in the history of Financial markets in 2024 in my estimation asset managers Will collectively spend $100 million or More trying to woo in investors and Capital to their respective ETFs there Will be a p be PR Wars waged on the Front pages of financial media CEOs will Be paraded around television news Outlets as much as possible there will Be TV commercials Super Bowl ads full
Page takeovers of newspapers a flood of Content on every social media platform And billboards everywhere Finance has Never seen what is about to happen but The reward is not only 500 million to Billion the reward is that amount of Money every year for the foreseeable Future sure there will be a fee a Pressure over time but the next five Plus years the ETF winner is going to Capture billions of dollars in Revenue How much would you spend on marketing to Capture $1 billion in annual revenue a Lot we are about to get to find out the Exact answer for Black Rock Arc f it Bitwise and many others the blitz is Coming it will be so epic that you will Be tired of the ads everywhere you turn Someone will be asking you to invest in The Bitcoin ETF this is what bull Markets are made of and Bitcoin is Poised to benefit so that's what he had To say now as far as I mean it sounds Exciting I like the you worded it quite Well I'm not saying I fully Buy in to The EXC excitement surrounding what he Just wrote here like and to which it's Going to happen but the concepts are What I'm saying I agree with the Concepts are true black rock is not Going to have a failed Bitcoin product I Don't believe that for a moment so even If you're talking about it having taking Years and years and years for it to have
A profound impact which would be far Longer than what Anthony Pompano think He thinks next year it's going to have a Profound Impact uh but either way I mean I I Still think it's going to be fantastic He's just more optimistic than I Personally am for the short term uh cuz I and I don't know and I'm not saying And I'm not saying definitively that I Think he's wrong either I think it's Just it's clear that we don't know the Degree to which um people are going to Find success how big is the market for This type of product how many people can Be sold on this product in the first 12 Months you know because the sales Process is a long process you know it's Not like the first time you mention a a Client hey there's this new spot Bitcoin It's not like that happens and then the Uh then the person just makes the Purchase that that would be uncommon Actually you know typically when it Comes to sales activ you need at least Seven touches and so whether it's Contacting not to get off to a sales T I Just have a background in that but the Point is it doesn't happen like snap of A finger now for some people some people Buy more quickly than others fine I'm Just saying on average it's not and so Even if it takes more than a year and Then more people get interested over
Time and are willing to have a Conversation three years out instead of In 2024 Okay but this is why I say over a long Period of time the degree to which this Will be consequential it's hard to Overstate now the short term it's Probably overblown to some degree but We'll see either way it's exciting and We're still going to have this bull run Regardless of the ETF situation like the Market's hot even without this I mean Some people think that there's a certain Amount of this already priced in okay Whatever but I think most of this has Just been clearly organic right it's a Fun time to be in crypto folks it's a Very fun time to be in crypto 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
