 So with the Bitcoin spot ETF coming up and coming up fast, the question is, should you pivot all the way into just Bitcoin leave all alts behind? Well, we're going to take a look at what is actually going on. So first of all, I want to thank everybody for yesterday. We put out a video which talked about the different scam AI videos that were going on. Michael Saylor being one of those that were artificial intelligence and they were doing the scam ads. And we had over 50, 60,000, not 55,000 views. I think it's going to go a long way to help everybody. So I'm going to link that video in the description below because I don't need anybody getting ripped off right before we see a massive bull run. So as things move forward and the spot ETF looks like it's going to be approved, the question then is, well, what should you do? I mean, as far as like investment, I can't give you financial advice, but I can tell you there's some people out there that you can take little notes from. One of those being Michael Saylor and this, I believe, is the real one, not the AI we talked about. And as he comes out and says that, hey, Michael's strategy has bought $615 million worth of additional Bitcoin pushing holdings to $5.9 billion. Now, the reason I find this fascinating is because a lot of people will tell you, but don't do anything because this is a classic buy the rumor, sell the news as this comes about. And of course, when we get this spot ETF approved, it'll drop. And that's when you go in. Well, in all honesty, you can do that. Hopefully it works. Maybe it doesn't. And that's the beauty of dollar cost averaging. And I think you've got to tell you, nobody does it better than this guy, at least not as much as he's done. So just so everybody gets caught up to speed, Michael Saylor just bought 14,620 Bitcoin for around $615 million. That's an average price of $42,000 per Bitcoin. This pushes the company's holdings to $189,150 Bitcoin worth around roughly $6 billion, which was bought at an average price of $31,168. So right now, if you're the class of 2021, this sounds pretty good to you because maybe you bought it around $60,000, $65,000, $67,000. So again, if you stick around long enough, usually things work without. But the question then becomes, if this is what's going on and MicroStrategy holds this much Bitcoin, I put a question out today. I said, I'm not sure that this is actually a good thing or a bad thing for decentralization. You can call it decentralization, you can call it concentration of tokens. What do you want to say? There's a one entity, an institution or a business itself that actually owns a whole heck of a lot of Bitcoin, $189,150, and that's $19 million, $592,043, which are actually totally issued. Or my, as time goes on, that's going to go into the big institutions. I don't know if this was Satoshi's recommendation of what he wanted to have happened, but it's just something to think about. And now other people say, don't be dramatic. My boy Jerry Hall says, if in fact, as long as MicroStrategy is live, they will maintain a hold only strategy, which I have to agree with him. There's a lot of different ones in there that you can kind of take a look at, but there was a lot of good back and forth. I'd like you to read that. I linked in the description so you can take a look at what there was said. But you have to think about it this way. If this spot ETF comes through, looks like it's going, looks like it's actually going to happen. I'm not to wear a stupid shirt that I bet Simon Dixon on. The question is, how do we get here? Well, I think it was because Gary Ginzer is always talking about how, hey, there's too much price manipulation. So I think a couple of things that happened in the last two, three months, which really turned the tide. First of all, they took down Binance. They took down CZ Binance and they got them on the KYC, AML and money laundering. And that is a big ploy because now the American government has their talons, their claws into Binance. They can kind of regulate from afar. And of course, CZ Binance has already stepped down. On top of that, just today, we found out that Barry Cybert, who is the CEO of Grayscale, is exiting the Grayscale board. Now, there's a lot of things that were going on between him, the Gemini Twins, or the Winklevoss Twins, I should say, from the Gemini Centralized Exchange. So he's stepping down and there was also talk about price manipulation. So they got him too. And now Mark Murphy is going to exit the Grayscale board. I'm going to tell you, I think the government has something to do with that potentially. And then lastly, BlackRock comes in and said, hey, we want to do in-kind transfers. But if you're not going to allow that, no big deal. BlackRock updates the spot Bitcoin ETF proposal to allow cash redemption. So of course, BlackRock and all the different people that have to do this spot ETF, they're going to have to hold the underlying asset, which is Bitcoin. Now BlackRock is not holding that. It's going to be Coinbase. But if you want to redeem anything or do anything with it, it's all going to be in cash. It's not going to be in Bitcoin. So no, it's not going to pay for Bitcoin. But they did have to bend the knee to get things moving. And that I think could be a reason why the spot ETF actually does go through. Now we'll see if it actually happens. But hopefully it does. But again, question is what's smart money doing? Well, smart money today is actually going, this is a record long on Bitcoin. So they're all saying that, hey, we think the price is going to go up exponentially. Makes a lot of sense. Smart money is record long on Bitcoin. I've been expecting the ETF. Data tracking websites, macro, micro's Bitcoin features, smart money index rose to a record 13,711 last week. A record bias for bullish long positions comes days ahead of the SEC's impending decisions on spot ETF applications. Remember, we're looking at this in the first week of January potentially. Some observers foresee a classic sell the news price action following the ETF launch. And that's what everybody says. But again, just like we took a look at, micro strategy is like, we really don't care. We're going to keep buying and we're going to dollar cost average and think it'll all work out. Even Kathy Woods said the exact same thing. She said, look, it's probably going to be a buy the rumor, sell the news type event. But everybody in all these articles, they have one thing in common. They all say the same thing. It could be a seller or buy the news. It could be a buy the rumor, sell the news. It could be a buy the rumor, sell the news. It really doesn't matter because in the long run, we think Bitcoin's going to go up. So anyhow, let me know what you think about that in the comment section. And there's a couple of things that I will say that for me, I'm a dollar cost average or sort of what doesn't matter to me. I'm going to buy Bitcoin on that day. I'm going to buy Bitcoin the day after. I'm going to buy Bitcoin the day two days before. But I got to tell you, this market seems to not slow down. And it is undeterred from what's actually happening. Here's a couple of examples. First of all, I've been hearing about Mt. Gox, which if you're not aware was essential as exchange. One of the very first, one of actually the first. And this was actually hacked back in late 2014, February, I believe. Correct me the comment section. It has taken them 10 years to pay out anything. And they just did it actually starting this week. I've been hearing about this since 2017, 18, 19, 21, 22, and even this year. I didn't think they were actually doing it, but apparently they are. And they had 10 years to prepare for it. And guess what they did? They doubled up the reimbursements from Mt. Gox trustees. So I don't know if they were talking to the Celsius or Voyager team on how to run a business, but that's actually what happened. So don't be alarmed. This isn't going to be like the worst thing of all time. Just remember that in September, Mt. Gox rehab trustee Nubuki Kobayashi nailed it, informed creditors by email of the defunct exchange. Mt. Gox would begin repayments this year and set a complete reimbursement deadline of October 31, 2024. So yes, this is going out. Yes, people will sell, but the question is, will it make a big dent? Not really. Right now, Bitcoin in the last 24 hours went up 3%. This news was yesterday. The double payments just went out today, and it's still up 0.1% in the last hour. So I don't really see it doing too much of a thing. We will see how it actually works out. Also, there was a news about this. Mark Cuban just dumped almost 3 million polygons. Not 3 million were the polygons. Well, roughly. And the dump sparks a selling frenzy. This was just one day ago. Did it? No, it didn't. Polygon is up 7% in 24 hours. Actually, polygon optimism, a couple of different layer 2s for Ethereum are all up right now in the last 24 hours. So even bad news doesn't really make a dent. And you know what that means? If bad news doesn't make a dent, and we got a lot of things that are going on the market, and it's very extremely bullish as far as the sentiment, you know what that means? Big bull run. But I could be wrong. Anyhow, let me just think about that in the comment section. That's it for today. So look, if you liked today's video, give it a thumbs up. Consider subscribing. Everything we talk about is time-sensitive. That's it for today. I do appreciate you stopping by. Thanks so much, and I'll see you on the next one.