 If it wasn't written down, I simply would not believe it. These stories we're going to talk about today are, in my personal opinion, the height of hypocrisy. The first round to go over is, unfortunately, an ETF approval. I say unfortunately because this is a leveraged futures Bitcoin ETF. I know people are excited about the potential for a spot Bitcoin ETF, which will come through hopefully with BlackRock or Pidella, or even Grayscale, even though they're going through legal issues between them and the SEC because they would not approve it. We'll see what happens there. But the thing that shocks me and the whole thing about hypocrisy here is the reason that Gary Ginza of the SEC says that he is not going to approve the spot ETF so far is because he's afraid of manipulation. He's trying to protect the consumer. When I take a look at this, I just think to myself, is this really protecting the consumer by doing a leveraged futures ETF? Well, whatever it is, it's going to happen because it has been approved. This is scheduled to launch on the CBOE, BZX exchange, on Tuesday, June 27th. Volatility shares 2x Bitcoin strategy ETF, scheduled to launch on the CBOE next Tuesday, June 27th. The reason I said this twice is because every time I hear about the CBOE and the CME and things like that, I always get a little flashback because the last time we had a nice little futures ETF come through, that was the first one. That was on December 18th when I went live. This is on 2017. If he weren't there when this happened, I was there. I was in the height of FOMO because I could not get enough Bitcoin and we were seeing massive price appreciation. But then on December 18th, everybody was applauding this decision for this futures ETF. Everybody thought it was going to be awesome. Well, what we know now is a little bit different than what we knew then. What you're going to see here on December 5th to December 2017, we were going at 18,491 on the 6th of December. Now, we're coming here to the height, the 16th of December, 19,423. After that, when the 18th came around, for some reason, a little bit of a dip. We said, no, it'll be okay. It'll come right back, but that's not what happened because everybody shorted it like crazy and that was beginning of a massive bear market. Now, I'm not saying that's going to happen. Again, the question I have is, are we really protecting the consumer with a leveraged Bitcoin ETF? Really, what is the difference in terms of this between a spot ETF? Let me just think about that in the comment section and here it gets a little even more interesting. We know about Deutsche Bank, 1.4 trillion banking giant. Deutsche Bank is going to come in with a crypto-custy license. That's fantastic. That is good for mass adoption. We want to see that. Now, we've got another one, Crédit Agricole's Cassee gains crypto-custy registration in France. A traditional finance giant has been rumored to be seeking the status for years, and it looks like they just put it in. It seemed like things are moving along quite quickly. For whatever reason that is, hopefully it leads to mass adoption, but it's just an interesting case. I'll tell you why in a second. Cassee, the asset servicing arm of banking giant Crédit Agricole, is registered by French Railways to provide crypto-custy service. It joins other traditional finance firms such as Société Generale's Forge and AXA Investment Managers for doing this for crypto-custy. Cassee is not some lightweight. It has 4.6 trillion euros, or $5.1 trillion of assets under custody, and was rumored to be seeking the crypto regulatory status since 2021. I said this twice for a reason. The reason for that is, I don't know if you know the CEO of Crédit Agricole. I didn't myself, but his name is Philippe Brossac. He's a French business exec, the CEO of Crédit Agricole, succeeded Jean-Pierre Chiflet to the role in May of 2015. Fantastic stuff, Rob. Who cares? Why are you telling me this? I'm telling you this because of this reason. On 29th of April 2021, Philippe predicted that Bitcoin would be worth less than a dollar by April 2025. There's a nice little article. I linked that in the description. You can check it out. It's in French. If you want to read it, you can translate it with Google Translator. Essentially, that's what he said those years ago. It was going to a dollar, which is very funny because, again, Crédit Agricole, the financial giant was rumored to be seeking the status for at least a couple of years. This is in 2021. Let me do some quick math. Yeah, that's two years. The same time, the CEO was saying it was going to a dollar. It was the same time they wanted to get crypto custody. Again, a little bit of hypocrisy, but it gets even worse into the coup d'etat IMF. IMF, it's amazing how these things just converge in the right times. IMF capitulates on Bitcoin bands, says they are not effective. Now, if you weren't following this, which we really haven't talked too much about this on this channel, but the International Monetary Fund has come on and said that it is a bad idea, especially with Al Salvador, to make Bitcoin legal tender. It will lead to the collapse and will lead to problems, and they should ban it. Now, they're coming back and saying, you know what? Hey, that wasn't a bad idea. So this is what's been going on. The IMF is changing its tune on crypto. IMF economists released report examining cryptocurrencies. In their report, the economists leaned into a position closer to adopting cryptos, but within a well-regulated framework. And they state, while a few countries have completely banned crypto assets given the risk, this approach may not be effective in the long run. And just there, I thought, well, it's not too exciting what they're saying. They're saying, you know, very conservative, but it's these last sentences that got me. The IMF months earlier said in another report that countries should consider banning crypto. Just months ago, V was held by a handful of directors on its board, but the consensus, even though I lean towards better regulations over a ban. So at least it wasn't everybody. And now all of a sudden, this is what they said. IMF economists said that cryptocurrency offered a number of benefits to its adopters. They wrote that crypto offer protection against macroeconomic uncertainty, promoted financial inclusion, and faster payments among other benefits. Let me read that one more time. They wrote that crypto offer protection against macroeconomic uncertainty, maybe when things get inflated out the window like Venezuela and Greece and what we're doing here in America, promoted financial inclusion, helping to bank the unbanked people that can actually use it, bank or get a loan and actually increase their prosperousness on this earth and faster payments among other benefits. It's amazing to me how they did a 180 in such a short amount of time. But again, it doesn't matter to me. I'm just glad that they went on the right side. So let me know what you think about that in the comment section. And lastly, I just want to say congratulations to everybody who has been dollar-cost averaging. That would be myself included as we are daily DCing Bitcoin. This is from Wicked. And I'll link this individual's Twitter accounts in the description below. You can follow them. And he states, nearly every Bitcoin only daily DC errors is now in profit. No matter when they first started dollar-cost averaging, when the entire orange line goes below the dotted line, that's when all daily DC errors are in profit. So no matter when you started to do daily DCA, apparently this is the time. And most or not everybody close to everybody should be in profit as we're DCing moving forward. And of course, the very last one, I'm going to speed this up because I want to see the whole thing. But again, once the orange line goes below the dotted line, that's when all daily DCs are in profit. You can see it right here. So again, fantastic. I know DCing might not be the sexiest thing to do out there, but it is the most effective. And it's one thing I like to talk about. And we talked about this yesterday in NFA Live. I just wanted to, there was something I missed. There's a great website. It's called dca-cc, link in the description. And you can take a look at any kind of crypto in the top 20. And you can put in how much you, this is historically looking back, how much you want to do per week, per month, per day, from whatever date point. And you can see how you would have done if you would have done that in the past. Now moving forward to say anybody's guess, I still think we're the four year cycles. But one thing I like to look at is, is how would you have done a year after the all time highs? So that would be actually in just in 2018, I guess it wouldn't be a year after it'd be the next cycle. If you started DC and Bitcoin, a hundred dollars every week, every seven days, and you wait until the all time high, you'd be up a seven X. So you would have put in $20,000, roughly, and you would have had back 146,000. That's pretty good. What if you had done it and just waited in 2019? You'd had a six and a half X. And like I said, in the four year cycles, the reset years are 2015, 2019, in my opinion, 2023. I think this is the me, my personal opinion, the best year to invest risk versus reward. So you would have done a six and a half X. You would have put in 15,000 and had almost 100,000 in that timeframe, 2019 to 2021, just two years. If you would have got in closer in 2020, you would have had only a four X and 10,000 and 42,000. If you waited in the bull run year, you wouldn't really do too much. Now here's the tricky part. We know that Bitcoin is the safest option. The farther down you go on coin market cap, the riskier the cryptos are. So the second riskiest crypto would be Ethereum. And you can go all the way down to like number a thousand and it gets super risky, but there is gains to be had. And I'm not saying that's what you need to do or should do because I'm not a financial advisor, not your dad. You can do everything you want to do. But for this one, this is what we'd have historically. So Ethereum, the returns are much better. In 2018, if you invested, you would have put in 20,000, you had 331,000 or 16 X. If you'd have waited to 2019, you would have 17 X, would have been even better. You would have put in 15,000 had $260,000. And again, and everything that I talk about here, there's a link in the description for this, this slideshow and you can take a look at the numbers. 2020, if you would have waited just an 11 X, not too bad. And then 21, you only would have doubled your money, but in a short amount of time. So not too bad. And then of course, the lower you go down, the higher the rewards are, but the higher the risk is. And this is where I made a good amount of money. Cardano, I was investing in 2018. And it was pennies. And from that point to the very top, I could have put in 19,300. I would have 686,000 at the very tippy top. Now that's if you sold at the top. Good luck to you. I didn't do that. But I came kind of close, but not near as I should have. 2019, but at 39 X, you'd have put in $13,900. We had $549,000. 2020, 26 X in 2021, just a measly triple. And again, not all of these will come back over time. Dash assault. If you get a dash, you would have waited four years and got a paltry three X, which sucks. Or for salt, you would still be underwater. And that's where we're at. So again, you can take a look at the website DCA, you can take a look at anything like chain link, for example, $100 a week. If you started on, let's go to 2018, the same thing January 1st to today. And what I like about this, it could show you the returns. So it's a very tippy top. Wow. You would have put in $17,600 and you would have got back a million 74. So again, go ahead and play with this data. Let me know what you think about that in the comment section. And lastly, before we take off, today is Friday. It is June 23rd. And tomorrow is just Saturday at 530 Pacific, 230, no, excuse me, 530 Eastern, 230 Pacific. We'll be doing the loss interview, which I had interviewed the Amp, Ampera flexor founder, Tyler Spalding. And that will be put out. We talk about a litany of different things about regulation and the comparisons between now and the past and the internet and where things are going with flexa and Amp and Ampera and all that good stuff. So I will link that in the description. You can check that out. That is it for today. So look, like today's video, give it a thumbs up, consider subscribing. Everything we talk about is time sensitive, but that's it for today. So thanks so much for stopping by. I do appreciate you. And I'll see you on the next one.