 Hello, everybody. Welcome to the impromptu live stream. I got to tell you, these are the days that, of course, we should do this as historical magic actually happens. So just like the thumbnail and title suggests, we're going to go over what we know right now about the Bitcoin ATF and hopefully it actually goes through. So just as a recap, first of all, thanks for coming, everybody. I appreciate it. I think that we're going to see a little bit more information as time progresses right now. It is 2 p.m. Eastern Standard Time. We don't expect the actual ETFs to go live or to get approved until roughly 4, 5 p.m. Eastern Standard Time. That's like 3, 2, 3, 4 hours from now. So this is what we know. And to give everybody a recap, now yesterday was a pretty fun day. We had a nice hack from somebody unknown. It could be somebody in the SEC and actually hacked the Twitter or X account of the SEC and they put out this nice little message which said, hey, today's approval enhances market transparency, provides investors with efficient access to digital asset investments with a regulator framework. And it was a tweet from the SEC. And I think we should have known that it was a fake when we see this, the emoticon for Bitcoin. I don't know if the SEC would actually do that, but that's what it is. And of course, that was immediately, well, roughly about 10 minutes or so, it was actually deleted. And of course, we didn't see anything, but lucky for us, this will live down, this will live forever in the analogies of traditional or finance history as it's found its way on the ordinals for Bitcoin. And it's actually minted right now as an ordinal. And you can find this as a link in the description. So this will forever live in the blockchain for what happened. And it was actually said, it was Michael Saylor who said that the Bitcoin ETF will be the only ETF in history, which has been approved twice by the SEC. So we'll see how it actually goes and hopefully it actually works. Now, as a reminder, Gary has been protecting you quite hard. And so far he's in a fat, tabulous job with Kraken, the other stuff, and not so much. So, you know, there's some things that could be left to ponder about what they could actually do. And I thought this was actually pretty funny. Coinbase actually reached out to him and said, hey, if you need help with your security practices, because I don't know if you understand what 2FA is, we can help you. Coinbase's executive publicly offered to help the SEC sort of security on its social media account after it was, of course, compromised. I thought it was a pretty good flex on Coinbase because they've had to deal with the SEC so much. They're like, hey, we know you don't know what you're doing, so let us help you. I thought it was pretty good. So there's that piece on the SEC. And of course, we'll get to the ETF information a bit. But just so you know, this didn't go unnoticed by Congress. As Senators Vance and Tillis are asking for explanation for the SEC's errant announcement of the approval of the ETS. Essentially, they're requesting that Gary respond as chairman of the SEC about what actually happened here. And I think this is great that they do that. But remember, Gary's a master at this. Every single hearing that I see him at, he's always able to dodge the question. He's always able to say, excuse me, what was that? And to kind of like let the time run out. So this is just in my personal opinion a nothing burger, but it is interesting. So here's what we know so far about the ETF. This was actually revealed about an hour ago. This is the following detail. This is actually ingrained in the SEC and the SEC.gov. There's a link in the description. You can check this out. This is not fake because we have to be aware because we can't trust the SEC, right? They've already been hacked. Hopefully their website hasn't been hacked. But who knows? And it says here this was on January 10th today, 2084, 10th, 56 a.m. One document and people were saying, okay, this is ARC 21. This is Kathy Wood. And it says shares of Bitcoin ETF and all company filings. And everybody's like, okay, this is it. It's actually been approved. No, not really. What this is is a CBOE certification. And if we actually click on the PDF itself, all this really says is, hey, a CBO is staying like, look, please be advised that the exchange has received an application date of December 20th, 2023 from the above reference issuer has approved the following securities for listing on CBOE ARC 21 shares Bitcoin ETF. So essentially what it's saying is like, look, yes, it's available. We've gotten it and we're going to approve it. And the powers that be can actually go in there and say, yes, it's actually they've gone through the steps of this. So this is an approval per se. And a lot of people aren't on Twitter like, this is it. They approved from what I can tell it's not. So if you want to be a super sleuth and go through all this, if you actually go to see if I can do this. Yeah, the FCC filings. Let's click on filings description daily indexes asses in it. Ass either. Now there it is. Company filing search. Like you can put everything in that you want. You can put in BlackRock and see what has been the most recent. You can put in ARC 21 and do it from there. But so far everything I've looked at so far hasn't had anything to date as far as January 10th. And of course, you can go through that sec.gov forward slash Edgar forward slash browse. Link in the description as well. But this is actually happening. This is James found this over at best answers and he states, hey, fidelity ETF ARC B is live, but not trading yet. Interesting. See options coming soon. That's so it's live as far as the art 21 shares Bitcoin ETF. It looks like you can buy or sell or it's actually getting ready to it. And Marty party says not only that. ARC and HODL, which is the one of the signs. I think for the one of the other participants is listening to fidelity. Limit orders are open. ETF is live. I don't think it's live per se, but you can't put limit orders in. I don't know what's actually going to be approved. But if it happens today, it looks like everybody's ready. The eyes are dotted and the T's are crossed. Things are actually moving. Also from Bitcoin Archive Bloomberg terminals at all 11 Bitcoin ETFs pending listing. So again, everybody's doing the thing that they're supposed to do and they have it all set up. And then also, I mean, we have all these things in place. We just don't have it from Gary yet for the ETF. So that's really where we're at right now. We're just kind of waiting and we're in a holding pattern. But again, like I've said before, like yesterday, people were really ticked off. They were mad because there was a hack and they were concerned. It's inevitable when the ETF is going to come at some point. You know, like I said, even if it doesn't narrative is already there. We've already gotten major, major institutions coming in. So just a matter of time and I've got time. So these are the positive things that are happening. And also I found this this piece interesting because as we move forward, we're going to there's going to be some pushback. You're going to get the Elizabeth Warrens. You're going to get the Jamie diamonds. And you're going to get people who are going to say that, you know, Bitcoin's off when it's horrible and it's just rat poison squared. Warren Buffett cannot get off that. I don't know what Warren Buffett Charlie Munger said that, but one of those guys did. And we're at a crossroads, quite honestly. People need education. People need information. And I love to see stuff like this. And this is why I prefer to get my news from X or what was called Twitter because of the community notes, because you can actually see the realism behind it. You're not going to find this on CNN. You're not going to find on Fox News. You're going to find a CNBC or MSNBC. Community notes are great because it brings together a whole lot of people to say that's not correct. This was from the new scientists and it says Bitcoin currently consumes 0.7% of all electricity generated worldwide and developers seem unwillingly to change how it works, but enforcing change is far from easy. And of course, that's a very negative article. And this is why I love about the community notes. It says, hey, the claim that Bitcoin strains water and energy resources is based on faulty research by one employee of the Dutch central bank. Crazy. The central bank puts out something negative has been debunked numerous times and it gives them actual links to debunk the article. I love that stuff. So just be aware you're going to see stuff like this and also be aware that as this ETF comes through, you're going to be people that are going to be they're going to want to try to either manipulate or move people away from it's it just seems like too good of an opportunity. And that's where we get Jamie Diamond. Now, I don't understand why this happens. I kind of do. I have my theories sound off in the comment section, but it was actually done Fox business and again, JP Morgan, which he is the CEO of JP Morgan is an authorized participant for BlackRock spot Bitcoin ETF. And again, he said in Congress about a month ago, correct me the comment section, the same thing is going to say today, which is essentially like Bitcoin is awful. It's terrible. It's only used for cartels, drug dealers and just the worst people of all time and it has no use case. But it's amazing that he's the CEO like he has no power of his own company makes no sense. So here he was just I'm going to have you take a listen and then you be the judge. Let me stop this real quick. I want you to actually hear this. Take a listen on Bitcoin and you, you know, famously said recently that you would shut it down if you were in government. Can you give us more clarity on that? Yeah, but I was also pointing out is that the actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing. It's not people just buying and selling Bitcoin. That's there's no value to you know, if you you're buying and selling Bitcoin. A lot there from Jimmy Diamond and a lot there from a guy whose company is an authorized participant for the Bitcoin spot ETF and seems to trash it at every opportunity that he gets. It doesn't make much sense. If you were that passionate about it and of course, I don't know how this how powerfully is a CEO or what he can do, but either the CEO has somewhat of a say and if I was a board member and I'm like, look, pal, this is where we're going. You're out of here because you're kind of giving us a negative vibe of one of our investments or maybe it's just the magician hand trick. Who knows? Let me know what you think about that in the comments section and then also to lighten up the day at the very end as we come through here. Let's talk about Charlie Lee or excuse me Charlie Lee Charlie Lee is the founder of like when Tom Lee, excuse me and he gives us some Bitcoin predictions now on this channel. I do not give predictions. I think they're quite worthless. They're nice to think about because of what it could be. I think Bitcoin could definitely hit a million, but I don't know if it's going to be in 2025 or 2035. That's just kind of how it goes from. So I want you to take a listen to this and allow yourself to dream about where things are go. But as a little piece here, Tom has never he's never met a bull run. He didn't like that's for sure. So take a listen to this one. It is pretty good. I like to hear these things. So take a listen. Yeah, yeah, that's what you're saying. It was transitory all along. It wasn't it wasn't it was it is wasn't it. So now we decided we're back to that. Okay. So just to end on give me your your one year and five year price target for Bitcoin. I think in the next 12 months something over a hundred thousand you know maybe 150,000 and you know in the next five years again it's you know it's a there's a finite supply and now we have a potentially huge increase in demand with a spot Bitcoin approval. So I think in five years you you know something around half a million would be potentially achievable. It's all just so mind boggling Tom and anybody that just says you're just insane hasn't been following your work. You might be but you've got enough credibility with with all your good calls to where at least I would think some skeptics would say it would start thinking about doesn't make you think about it Andrew. Sure. My question to Tom is do you think that this is going to upend the idea that people buy Bitcoin directly meaning people who historically would have wanted to buy Bitcoin do they continue to buy Bitcoin through a Coinbase or through some kind of other platform and exchange or do you think it basically becomes not a speculation but it just an investment through ETFs and that's how this all works. I think there's probably a generational divide at work. You know I think that you know a lot of the younger generation of investors want to be my keys my coin so they want to own the private keys. But as you know there's a generation of folks that would rather allocate through their 401k or through public markets or liquid assets and well you know I mean if you look at some the percentage of assets held by those over age 50 it's close to 76% of all wealth in America you know it's over a hundred and twenty trillion dollars so I think that cohort is still going to prefer to own it through public markets and public proxies. All right Tom I mean I'm going to pay Black Rocks feed you know plant some trees or something. That's the wrong way to do things but that's the thing you know people are going to the CTS going to come through and they're like great and a lot of people are going to do it I don't think they really should I think they should learn all about self custody but that's what it is but as a reminder some of mine this told me about this was in the traditional markets if if trading goes so much percentage high and so much percentage low they start to pause trading on that day so pumps of 10% you can't do anything with that and of course if there's a massive dips you can't do anything without either unless you go to these different centralized exchanges but if you're stuck on these like well I got to have my my traditional finance and and Black Rock ability to do all those things for me you're going to miss out on a lot and then also it's another thing is that you don't really own it you won't you you leave it to somebody else and again there's ways there's a there's ways that things should be and there's the ways that things are going to be and that's just how it's going to be people are going to give up their rights to self custody and leave in the hands of bigger people so that's pretty much it and then lastly I just found this oops that's not it that I'll talk about it a second Charles Gasparino this was 15 minutes ago to right now it's 316 this is a 259 on the 316 is a ST time so scoop one senior executive major Bitcoin spot ETF applicant tells Fox business that the SEC gov had informed his firm that the fund will be approved today sometime after the close of trading so any reports that it's been approved is erroneous so far however he added is this caveat this is Gensler so who the f knows when this actually happens this is the story that's developing so we'll see how it is and that's that's about it lastly there was a story I missed yesterday I know and only cares about this but it's kind of big when we started to get into alts polygon polygon just signed a deal with Fox the multi billion dollar industry that Fox telecommunications entertainment and things like that for a it and talks about what the raise of rise of AI tools and AI generated media which you probably saw are going to see a video of maybe Michael sailor or somebody else AI generated tell you send me a Bitcoin I'll sell you three or something stupid like that but he said we're distinguishing truth from lies is difficult proving provenance and authenticity of any given piece of content is now more important ever that's why verify by Fox corporation built on polygon comes in handy and they're going to essentially be a digital ID to prove that you're actually a human instead of a generated AI version and I got to tell you we are desperate need of that especially all the different scams that are out there so that's it for today so look we'll see when it comes out and hopefully we get the approval from Gary at some point and then I'll be tomorrow we have NFA live with me guy from coin bureau and Ben from in the cryptiverse and we'll talk about if it gets approved and just what the price action does nobody knows some people say by the rumor sell the news I think that's kind of goofy because if you're a trader sure but it's not the whole thing of what we wanted we've been talking about mass adoption forever and you want to sell right now you can but I think there's more fireworks in store for us but I could be wrong and that's it so look like today's video give a thumbs up subscribe and talk about this very time sensitive but thanks so much for stopping by appreciate you