 Welcome to the last set news at the top stories in crypto and bring on a bite-sized pieces today Just as the thumbnail suggests everybody's happy that a bitcoin ETF is here But there's some dangers lurking. I want to talk about exactly what those dangers are so you can get the full picture Of exactly what's going on. So we're going to talk about things to consider We're going to talk about not only is uh, there's some information from a pretty high up person There's also some bad news. We take a look at history and then we're going to talk about last about ways to play it So today All go over all this stuff. But first take a look at what's in the market and today's a beautiful day It's uh, it's saturday nice and sunny everything's going good And uh, look if you've been in the market for any length of time You should be pretty much in the green because mark cap right now is around 25 We're on 2.5 trillion dollars, which is not too shabby. We like to see these numbers And uh, I mean bitcoin price is bouncing around 61 000 almost I I mean even with uh with plan b He said it would uh, he was talking about how it would close out at 64 000 shoot We're almost there. We're looking pretty good. The thing that gets me or using trade the chain for sentiment analysis If you want to use your fundamental your technical and sentiment analysis use trade the chain links in the description Gets you a whole picture of uh, if you're a big trader The thing that that makes me sit up and take notice is this the bitcoin daily sentiment and the average daily sentiment It's not that super high. We were in the 70s Not too long ago when we were pretty much bearish and now that things are moving in the right direction price action is going good etf is here That sentiment number should be higher and they get this from scraping all the different blog posts all the different exchanges Uh, uh, medium sources. Uh, they have a direct api into, uh, twitter So this is pretty accurate as far as like a daily sentiment. So why is it? I think there's a lot of people just like me who look at this and go, you know what? I don't really know if this is the big thing. So let's just jump into it today and just talk about You know, just take a look at it from all sides. So let's take a look at yes There is a bitcoin futures etf and this was from cmbc last night around 6 p.m. I think it was uh eastern time But that says hey great news. Uh, the pro shares bitcoin strategy etf Which leave exposure to bitcoin futures contracts, but not the spot market We'll trade under the ticker Bitto b i t o and then there's a nice little uh snippet here where it talks about pro shares bitcoin etf slated to day b 1 tuesday And uh, we don't know exactly when it's going to trade and some people say monday some people say like tuesday or wednesday But whatever it's here and it looks like the sec is actually approved a futures etf and that's great, right? That's what we've been all been talking about for a long time I think it'd be better if it was about spots not just about futures I think a lot of people would agree with me on that one And these are the things to consider. So yes, the price is going up and yes, everything's great But there's always a flip side to every story. So these are the things to consider and I took up and I take notice of people who have been there and done that made a ton of money and this was from Uh, ricotta salinas. He's the second richest man in mexico billionaire Done some pretty big things in the uh in the financial industry and he says look there's some warning signs And uh, he says futures etf is prone to manipulation. This is exactly what he says This is in his tweet. He says bitcoin's about to break 60 000 in us del The bitcoin futures etf news is actually bad in my opinion because what is needed is a real bitcoin fund Not an easily manipulated futures fund and right now people are going to say They're gonna start screaming at the at the at the screen like well that guy's just manipulating too by spreading fun Maybe but look if there's anybody who knows About manipulation It's probably this guy and I was talking to my wife today. She's uh, she's in a volleyball tournament all the way across the across the country And uh, she is mexican 100 mexican She was born and raised in waters mexico and she started laughing She goes if anybody knows about manipulation It is ricotta salinas because if you're from mexico, this is not a shocker and if you're not just see, you know Uh, if you have All the different problems and manipulation and corruption what's great about mexico It's all in the open. It's fantastic. Like someone get, you know, you get pulled over like give me 50 bucks Let's y'all great uh in america. That's a little bit different Manipulation and the things that go on are behind closed doors and made between people in dark shadowy rooms and congressmen and congresswomen And that's the difference between uh america and mexico. So we were laughing about it. She's like, look if anybody knows about a corruption It's uh, ricotta. So i'm looking at this. I'm like, okay. What else do you got to say? According to him a bitcoin futures ETF could prove fatal to the assets price as it gives big institutional investors the power To use excess leverage buying and then dumping the asset thus suppressing price And that's where you know, we get from from leveraged traders, right? They want to do 10 x 50 x 100 x and they're like, well if I can move the market in a certain way I can make a boat a boat a boat load of money Just by shorting it It happens all the time and remember we're only at two and a half trillion. So Even the traditional market, uh in equities gets manipulated all the time and that is a hundred trillion So I'm not saying that the price is going to go flat or going to go down or going to go up I'm just saying that this is the side. There's two sides every story and he's finally he talks about this I've been trading futures for over 40 years. It's all paper based any big bank can post enormous trades Based on margin without ever taking delivery that happens in the gold market today Futures become disconnected from cash and yes, uh, just so you know, this is going to be physical bitcoin That people are going someone has got to have to custody it and then of course the clients can do whatever they want to So this isn't just straight up paper, but if you can do leveraged trading What could that mean? Well, that could mean some pretty bad news and that's just That part and it made sense to me and I'm like, well, maybe he's manipulating a little bit by spreading fud But uh, like again, if anybody knows about it, it's probably him and he's already been trying to To maintain or to put in bitcoin is legal tender, but of course the bank of mexico stopped him So it's in his best interest for the bank of mexico the governor of mexico stopped him and said no We're not going to do that. So it's in his best interest to actually Make things go in the right direction and not just call this out. So that's the first part of it Now, let's talk about some more bad news and there's going to be some good news at the end So don't worry. So this one is from pantera capital ceo dan morehead And he talks about this he goes First of all, they've got billions of assets that are management digital assets And he says will someone please remind me the day before the bitcoin etf officially launches I might want to take some chips off the table. Why did he say that it's because of this Morehead pointed out that the wall street adage of buy the rumor sell the fact is currently Playing out in the crypto industry. He highlighted the bitcoin rally of over 2400 before the day bitcoin futures were listed on the cboe chicago burgantale exchange in 2017 Followed by an 83 bear market. So That leads me to the next point, which is this And we'll go back and forth when was the cbo cboe when was it listed as far as futures not etf But futures exchange that was on sunday december 17th. And this was a pretty funny article Bitcoin debuts in the world's largest futures exchange and prices fall slightly not a big deal, right? Well, if you were around in that time, you know, it was a big deal because that was the 17th, right? So buy the rumor Sell the fact we're looking at 13th of december 2017. We're at 16,000 Then we hear about this cboe nonsense 14th goes up. It topped out at almost 20,000 on the 15th 16th, okay, it's about to launch Launches in the 17th and what happens boom big dump. It'll recover boom It'll recover blah blah blah and then crypto winner comes along So don't just think that this is like, oh, this is the greatest thing of all time And and now the institutions are gonna get here and we're gonna be set and uh, no the thing is As long as greed and manipulation is out there These things can and will happen not to say that it will absolutely happen But it can happen and then to finish this up. He states, uh, this year Just like a look at this year the big coin market rose 822 coming in the day of coin bases nasdaq listing pinging at 648 That day and then a big bear dump. So what he's talking about here is that When coinbase was listed That was the date of the very first day was wednesday april 14th april 14th right there, okay Wait for 14th. What happened around that time? Well, we were looking pretty good. So excuse me. Let me go back So it looks like we've got uh 20th of february And then we're doing you know up and down up and down Here we go into uh march And then uh, we hear these rumblings of coinbase and what's gonna happen So it comes out a little bit, but then they start to buy the rumor and 25 of march comes up here Hey coinbase is gonna get listed. This is the exact date and then we're up here 12 13th 63 576 the 14th 62 000 when it got listed and then bam just dumps off now. There's some other factors that play into that I believe that was around the time of the china fud and things like that and just kind of just take a big dive So that one's not too much. I would say like a super big correlation But it is something to consider when we take a look at buy the rumor and sell the facts So that's what it comes down to and then lastly I will just say this so all the things that we talk about It's just something to put into your repertoire of information And you can make the best decision for you. So there's two ways to play it now When the cboe that 2017 you have to remember that was after a enormous enormous parabolic bull run So I I kind of feel like that it was due anyhow And that just kind of played into it and then the smart minds like well This is just overplayed and we'll just manipulate the love and tar out of it then off it goes And then there was a crypto winner for three long years I don't think we're going to see those types of things. That is just my investment opinion not investment advice So if you just want to hold and just see where it goes, you can do that me personally me personally I am selling just a little bit and it's very little because I Trying to fund a project that I'm getting into for another investment property and they don't take bitcoin So right now I think is a good way to take some chips out of the table And it's not a lot, but it's enough to where I feel comfortable like if it goes down like hey, it went down Uh, you know, at least I took some some chips of the table or hey, it went up Well, I didn't sell much at all And that's really the two ways that I see these things going and that is it. So look, uh, if you made all the way to the end I want to say thanks for sticking with me. I really appreciate it If you like these videos give it a thumbs up Consider subscribing if you didn't talk about as extremely time-sensitive and it's only to get faster as time goes on So thanks so much. I appreciate it. See you in the next one