 Everybody welcome to the Saturday livestream and these are one of those days that I like to actually I mean I really like to do these livestreams because it's just a lot of good news And I think people would much rather hear the positivity than the negativity that's going on I gotta tell you there is no shortage of that. However, we're gonna talk about the spot ETF We're gonna talk about how close we are to approval We're gonna talk about some lies of manipulation and we're gonna talk about the SEC getting caught So just to catch everybody up in case they live under a rock There is a Bitcoin spot ETF and it looks like there's a plethora of different organizations and institutions that are vying for the Bitcoin spot ETF and so far no one's been approved and I've been here about since 2017 when I got in but it looks like things may be changing and of course you have these deadlines and the deadlines are gonna come and go and It really just matters until the final deadline themselves and the final deadline the final deadline for Individuals or for the first institution would be Kathy Wood and arc 21 and the final deadline will be January 10th For them they've already gone through I always I never understood the whole government to issue here But you got a first deadline a second deadline a third deadline aren't they those deadlines? But that's just how it works and in January 10th. They're gonna take a look at that They're gonna even their approver night if they deny arc 21. I don't think they're gonna go forward with Approving black rock a bit wise and then I can just leave our 21 in the dust and to be a lawsuit there But hey, I could be wrong So I personally think that if it's gonna be approved It's going to be January 10th and there's been a lot of chatter about what's going on Then of course also just remembered that's a coin base is going to be the custodian for essentially all of these institutions except for Vanak for some reason they chose the twins of Gemini sir, whatever and That's what which way they want to go So, you know, this could help out with the whole conversation that Gary in the SEC has as far as mark manipulation Now you have a custodian that they have open access to and they made that very clear So we've got some good news and in what's happening behind the scenes grayscale executives update investors about the approval the spot Bitcoin ATF comes about and they actually met with the SEC I think everybody knows this and they also updated their investors and said look It's not a question of if this gets approved. It's all really a question of when I have to agree with them It's inevitable. We're inevitable crypto is inevitable. It doesn't matter how much government pressure We have it's really the will of the people and you can only fight us so long Let's be honest and then also black rock also met directly with the SEC to get everything down on paper and to Really move forward and then there was a little piece that went up by my buddy Simon Dixon Where there was an update look like the SEC meeting with spot Bitcoin ETF issuers have been voluminous Lots of people lots of talk lots of conversation Of course the SEC looks like they really want maybe the SEC wants this to happen and they Undisclosed SEC source said it's about a 99% approval and it's gonna be all at once Which I think is where it comes down to is it's gonna be all at once It's got to be January because it's not gonna be like they're gonna deny arc and then go for the rest of them So in all honesty, I take a look at this and like that's a big win And uh, there'll be a a bigger win for Simon Dixon because I have to wear this ridiculous t-shirt Which says I heart machine ski but uh, that is the bet that I made with them and we'll see if it goes through I gotta tell you I would uh, I would rather be wrong and rich Then Then right and poor So I'm rooting for this Bitcoin ETF to ETF to come through But along the way we're gonna face some bumps and the bumps are what we're used to Which is the lies the cheating and the manipulation And there's a lot of that going on one of those being I was I was perusing Across some of the old articles and this one popped up Uh, Jamie diamond JP Morgan says the crypto rally looks overdone And I was like, ah, that's cute But this was actually on three weeks ago and I thought that was adorable because I'm like, oh, that's another Another person another individual who kind of just scares people and says that's not really going to happen And here's what they said and of course there's also the big one Jim Kramer roughly in uh, December said to drop bitcoin as fast as you can when bitcoin was I want to say 16 17 thousand and of course now here we are so Eh, it's just another other case of either they're woefully inept Or they're just manipulating anyhow So JP Morgan reiterated that On top of the fact that everything's overdone And then this is just a a bear rally and it's gonna it's gonna plunge any minute which everybody talks about right now Which is fine. You know, that's that's that's an opinion But there's this party where they said they reiterated that the spot bitcoin ETFs Because that was the narrative is the narrative Already exist in canada and europe and have garnered little interest from investors Since their launch and I remember reading this and it kind of bothered me because I thought well, maybe that's true Maybe we won't have as much interest as we think we will and it'll be like a big presentation And it'll be like a dud by the rumor sell the news But this report came out just yesterday Bitcoin ETFs 60 surgeon canada signals. What's coming in the united states now? We can't say that it's exactly going to overlap with what's happening in canada But here's what we have canada was the world's first spot bitcoin ETF And that was in february 2021 AUM's are asked an imagine at the purpose bitcoin ETF the world's largest spot bitcoin ETF soared 60 percent It's a lot to over 947 million canadian dollars or 700 million u.s. Dollars uh balchonis, I believe he is one of the individuals that is really uh Dovish or is really bear bullish for the spot big bitcoin ETF to actually happen Noted that the us etf market is 32 times that of canadas. Let me say one more time The spot etf market is 32 times that of canadas So, I mean you can't say that, you know 700 million times 32 is going to happen But i'm just saying there's that's the that's the thing about The united states I know people will say well who cares about united states because it's just it's just one country from pizza I'm like, yeah, but there's a ton of cash flowing around in here and you really can't You can't discredit it You can't really go against it if you want to have the most amount of money in the market This is where it's at and uh, we can debate, you know if if america is a bully or it's bad at times Whatever else you can't deny the fact. We got a load of money. That's really what it comes down to so this is uh again, I think an interesting Switcheroo from what jp morgan will talk about and they'll say hey You know what the really wasn't a big interest now, of course We see a big 60 bump and then just to just to go back on when this was jp morgan This was three weeks ago Let's just let's just round off and say about four weeks ago. It's actually three But if we can take a look back And you know a lot of people will put They'll put stock into what jp morgan says because they're traditional finance They've been around for quite some time people Surprisingly will listen to them. I know it sounds ridiculous to us, but remember we're a small subset of people There are a lot of people that take a look at jp morgan say that is the that is the standard They've they're the banks and of course we trust that which sounds ridiculous But if we look back 30 days Bitcoin which is the which is the highest market cap of all of all the cryptos That was almost 12. So in 30 days you would have outperformed The average annual amount of the s and p 500 in 30 days If you just would listen to s and p listen to jp morgan a theorem did even better in 30 days It did 17.7 percent buying its coin. Okay. Well, okay. You got me on this one The bnb coin didn't do so hot in 30 days. It's down 1.2 percent. However, I got to tell you That's not a bad resolution for the american government Getting its clause into the organization and essentially forcing the ceo to step down cesium finance And getting them on the kyc aml fraud case And it only goes down 1.2 percent, which is the token itself So I gotta tell you in all honesty, that's a pretty strong case for You know, what we thought could have been the next black swan also Solana 30 days 54 percent alluvium because now we're getting into crypto gaming one of my favorites 30 days is 123 percent mutable x 107 percent Miria 30 days was 165 percent and of course playable games In 30 days went up 686.6 percent. So again Listening to jp morgan and some of the traditional finance Again, I don't know if it's just straight ineptitude incompetence Or if it's just manipulation, let me know what you think about that in the comment section I'd love to hear that one and then also We actually talked about this There's a website that's 100 free dantages crypto and if you go to the module seven gaming And again, it's free. I don't even spam you. I just send you emails if I upload a video and you know, we've been talking to The heads of state the people that know what's going on in web three like johnny hustle from from banter His top plays were immutable x echelon prime gala vulcan forge stash was mostly like avalanche Caggy alluvium immutable immutable x Game swift which I'd like to get into and then now we also had classy on And he talked about how immutable x alluvium avalanche polygon and miria Were his top picks and again, this was three months ago three months ago So not too bad and actually took his advice and I picked up a node over on play So want to learn more about that links description for the website and for playable and all that good stuff But the last thing I will say about this etf is this If it works out like I think it is I mean if it does get approved It's like the perfect timing january third. What is it january? 10th, excuse me 2024 That's around that time that people are assuming We're under the pretense that drone Powell might actually cut rates and when he cuts rates That's really good for money market funds because I mean not good for them, but they have to find a home And black rock just put out a report that said look in the year that That the fed cuts rates historically speaking The returns are 4.5 percent or less So it would behoove you to get out of these money market funds and get into some some sort of Other riskier assets Whatever that may be it's amazing how black rock times that perfectly and right now and you can take a look at this on the fred of st. Louis You're looking at almost six trillion dollars In money market funds looking for a home and we'll see what that it goes And I gotta tell you if they're looking for metrics check this out Uh addresses with with a balance of point zero one bitcoin or more is at an all time high We're at 12 million 522,878 That's an all-time high Since the inception of bitcoin with point zero one bitcoin and people are holding on to it And then if we take a look at the hash rate, we know how high that's that's an all-time high It looks like the miners are gearing up for something I don't know what that could be And then also if you take a look at the the one plus year hodl wave Or who has been holding more than a year or so it is also at an all-time high We're at 70.66 percent if we take a look at five years It's also at an all-time high if you look at 10 years or people who have held bitcoin 10 years or longer Guess what? Well, that's normal. That's it's also at an all-time high. So Again, if if this happens the way I hope it does happen with this etf coming through You got an etf coming through you got a lot of hype happening You got potentially fed cut fed cutting rates around that time I know people think that it might be in May But some people think it might actually be earlier and you got money market accounts Which have a ton of money to slush around going where should we put this? Hmm. What's this asset that's outperformed everything over the last decade or so and Maybe I should take a look at that because you know, it's outperformed Positively every commodity that's out there and even my precious gold So maybe I could allocate. I don't know two to 2.5 percent. You get where I'm going with this, right? I don't have to explain it. So Let me know what you think about that in the comment section But there's this thing that bothers me. That's the bullish rob rob's bullish rob's happy Let me play devil's advocate. There's one thing that really concerns me one thing And it's this guy That's gary and Out of everything that he's talked about he's talked about how you know, that's uh the crypto space Is essentially hucksters fraudsters and scammers and yes, he has talked about how that everything is a security except for for bitcoin He eludes the fact on ethereum. He kind of dances around it, but whatever But he concerns me and he concerns me because of the agency that he runs And this is what's going on Yesterday or last night. There was a report that came out Judge scolds the sec for apparent deception and a crypto case and threatens to sanction the entire agency and I said Had gary genzer I thought you were supposed to protect us harder not lying to see even get the outcome you wanted I sure hope you approve the etf and actually do your job History will not be kind to you sir And when you dig deeper into this Yeah, john deaton here He lays it all out as what happened and why the courts are threatening to sanction the sec for lying and apparently this has been going on for three plus years And you know who took over three plus years ago gary genzler Here's what we have Judge robert shelby won the sec lawyers in the debt box lawsuit apparently i don't know if it's an exchange I I can't nail it down helping the comment section, but there's a lawsuit the sec brought against debt box Lawyers in the debt box lawsuit That he may sanction them the judge for convincing a court to freeze The debt box companies assets under false and misleading pretenses In attempt to secure a temporary restraining order the sec claimed that debt box Was closing its accounts and moving its funds out of the united states basically saying like look they're trying to avoid us Uh, they're trying to get around it and they're closing their accounts and moving them out of the united states that we can't touch it. However The sec refused to mention that debt boxes accounts were being closed by the banks They also failed to note that the funds were moved to a credit union and not out of the us. Let me say that again The funds were moved to a credit union in the us and not out of the us Following the sec's claim a federal court froze the company's bank accounts in august Judge shelby point out the sec's misrepresentation caused debt box irreparable harm and undermined the integrity of the case's proceedings Hence the court threatened to sanction the sec's lawyer in the case. Let's see how long that goes on But that's very telling You know the sec knew that you knew they understood what was happening You knew they had the information and they didn't give it to the court They wanted to win because why because gary tees taken else That's okay. I cheat too when I keep losing But you can't do that against a major company And screw everybody over and that's kind of like what they did but they did with ripple Well, let me get in that one And this is what john says and this is it's long but it's it's important. I think people know this He says I've been saying this for over three years Three years the sec is a corrupt institution for those of you don't believe me. I'm wrong read this As you read austin's post which is this is one down here where to go austin cambell Don't fool yourself in believing that this is just one incident in a non fraud case The sec threatened to bankrupt library lbr y Long before soon and they put them out of business i might add And then proceeded to do it the sec was sued by empower and got caught in a lie claiming there were no documents than when there were thousands sec lied to judge torres claiming actually threatened The sec told judge torres That john deaton threatened to physically harm the sec staff and promoted drug use When they asked her to kick me out the ripple case, huh didn't know that Judge ignored their nonsense and then proceedings the site the two things I did in her decision finding xrp is not a security An appellate court found the sec's conduct arbitrary and capricious I would say that word wrong in the voyager bankruptcy The judge chastised the sec attorneys for the way they were handling themselves sec director misled warren davidson under oath, of course, that is the uh congressman I don't want to say ohio I can always forget under oath at a hearing when he said he couldn't answer whether henneman's speech Was approved by the sec's ethics office Because the matter is being litigated if you don't remember henneman came out and said that ethereum was not a security That issue actually was not being litigated in any manner and they knew that ripple never even raised the issue So how could it have been litigated? He lied sec lied misled congress and avoided answering the question because he lacks honor speaking of honor the lack Thereof a federal judge We're in a public decision the sec attorneys were not only hypocrites, but they lacked faithful allegiance to the law Where are we living? This is like some dystopian crazy future Where there's corruption at the highest levels and there it is laid out for you So when we're talking about this spot etf and we're like well We're hoping on the good faith that they're going to go by the the information the facts. I just look at this Melonhead and I think to myself Man, I don't know. I was going to go through Even though it should And this is what it comes down to This is actually a quote by uh Somebody on on the thread these alex and he said who cares how many cases the sec loses If they don't face any No or minimal sanctions minimal sanctions as individuals or as an agency every sec lawsuit takes the sec hours to file And takes its victims years Tens of millions or hundreds of millions to fight Even when the sec loses it wins And finally Simon Dixon always says this follow the money And I think when I when I hear about these things and we lay it out like that I'm very bullish on the etf But I won't be surprised if it doesn't get approved And there's some of the reasons like right here They don't want you into bitcoin. They don't want you in the crypto. They don't want you to get out of the matrix Out of the out of the fiat system Put it on the u.s. Government put in the dollars put in the bonds don't put in a bitcoin And that's it for today. So look That let a wind a little bit solemn in the end. Sorry But there's some good news out there. So Let me know what you think about that in the comment section now That'll that'll conclude for the news if you want to talk about it Let's do uh, let's talk and we'll do a q&a. I'll answer all your questions best my abilities We'll go from there. So if you got to take off at saturday go enjoy the day. It's beautiful day here in portorico I don't know where you're at But uh, that's it for today. Thanks so much something. I appreciate you