Breaking! Bitcoin ETF News 🔥🔥🔥
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The Matt Kohrs Show
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Let me tell you, the newest, hottest, craziest news in the world of Crypto. If you haven't been paying attention, obviously the big news right now is Bitcoin Spot ETF Approval rejection What's going on? and because of the news of like some people thinking they have an inkling of what's right, what's accurate, we see the market going up. another an says no, it's not going to be approved Market goes down lots and lots of volatility. Well, just yesterday we saw that there was a quick drop the overall Crypto: Market Really Bitcoin Lost 5 billion ion dollar and now if you look at what's going on this morning, it's all coming back and probably to the sugar right here of Mr Gary Gendler.
So here's the skinny on the situation: Spot: Bitcoin ETFs could be rejected if the SEC wants more time Bitcoin slumped as $400 million liquidated in 2 hours so is around 6:00 a.m. on Wednesday the 3rd 6:00 a.m. 7:00 a.m. uh, we were cruising, went up to 46k, coming down a little bit and then all of a sudden this report came out and people started to sell.
And a lot of people right now for whatever reason I'm not necessarily a fan of it, are trading crypto in a leverage manner, so like they could get anywhere up to 20x leverage, potentially more. So a little bit of a drop causes liquidations and margin calls and that's exactly why Bitcoin went from 45k 24.5 th000 in the blink of an eye obviously at this point in time just for posterity sake Bitcoin trading at 43.8 making a nice recovery. So the cloud the EMA Cloud almost went bearish, but then obviously it was able to sell it save itself. So as of now, the market cap of Crypto 1.65 trillion recently was up to 1.85 so lost a good chunk there.
Bitcoin Trading at 43.8 has a market cap of 860 billion, so that's holding well, but other ones got hit a bit harder such as Salana, so feel free to check that out. Bit coin ETF Deny report did not cause 8% bitcoin price crash, but it did. I I Really don't get some of these articles. A report claiming that the SEC will quote unquote will reject the spot Bitcoin ETF is not what is behind the Bitcoin price crash below 42,000 according to one lawyer.
not even a Trader not even an analyst saying no, that wasn't it. But let's read this and you're going to be like, well, that's the dumbest article I've ever read I Know people are desperate for a narrative, but Bitcoin didn't sell off because some silly report about ETF denial. It sold off because nothing goes straight up and it's an easy grab for liquidity to do a long squeeze. In short, the market was overbought.
Well, something could be overbought and remain overbought. and get more overbought. That's a bubble. But does this person does this lawyer not really understand that even in a bubble esque scenario once again for a very, very short time frame, that when you have a negative piece of news, if one person sells, it could cause a bit of a capitulation, especially in a highly levered Market when right now people are trading 20 50, 100x so we're just a bunch of margin clothes. We can see it there was $400 million liquidated within the tune of 2 hours. So of course there's going to be selling. So this I feel like this article like someone just had to write something and like it just like is in my opinion doesn't really make the most sense whatsoever. so just wanted to share that because some people are saying it did cause it it didn't obviously it caused it but a bigger picture of oh okay like what could actually go down here Like what happens because as I'm filming this on January 4th this is the start of the window when we're expecting to hear from the SEC between January 4th and January 10th.
So I think we should look at both sides of like who's saying what Obviously we have one analyst saying it's not going to get approved. We have many other analyst saying it will get approved. Let's talk about in the very short term of what could happen to the price in either direction Bitcoin ETF Looks very likely given the bureaucratic CC steps. What they're referring to is basically everyone saying that oh wow, we're are going to get approval.
Yes, there's one guy saying it's not going to happen but other people are saying look at the amount of times that they're meeting with the SEC Literally at this point daily, every single day you can open up into it and you're going to find another big crypto. There's about a dozen of these companies who are trying to get these ETF approvals are meeting with the SEC Doesn't really happen that common to do so many meetings for then to just get disapproved spot pick coin ETFs could get end of week approval according to Fox So this came out yesterday and they're basically just excited for like and they're what they're looking at is the amount of times. Meaning from there we have very legitimate prominent players signing up to be APS authorized participants JP Morgan Goldman Sachs Just think of all the big Banks an authorized participant. If you haven't heard of that term before, it is the people who ensure like when you create in ETF an exchange traded fund, it's a basket.
It's a basket of something. This basket will have Bitcoin in it. but anyway, that that's it's really held together by the sponsor SL the issuer. But you have APS who go out and buy the things that should be in the basket.
they're actually putting the things in the basket and then they monitor theoretically what the basket should be worth and it's actual worth. and then if they ever need to Arbitrage it a little bit up a little bit down so it's at a fair transparent value. That's what they do. Goldman Sachs is in talks to play the key role of being the authorized participant for Black Rock and grayscales Bitcoin ETF This happens all the time.
Some of the biggest ETFs actually have multiple authorized participants and it seems like right now what we have going on is many companies vying to be the ETF. We have majorly Black Rock and obviously excuse me Goldman and JP Morgan to be the Aps. Uh, the authorized participants and most of these people are signing up to use Coinbase as the custodian. So you need the custodian? Where's the Bitcoin held? You need the Aps, the people who make sure everything's in check and that's going to most likely be JP Morgan Black Rock Potentially both. and there could be other ones in there. And then obviously we have about a dozen companies who are actually trying to be the sponsor slth issuer of the ETF. But with everything that's going on, all these meetings, all these legitimate companies with billions and billions and billions of dollars behind them all the meetings, that's why Fox is saying hey pretty soon. and we also know that even if it's not by the end of this week, mid next week is January 10th.
So that's the date that everyone has like kind of circled on their calendar Bitcoin could rally to 50,000 as Guzzler faces pressure to approve ETF At this point, even according to various SEC members, they can't even come up with a reason of why this is still not approved, especially with the fact that we already have a Bitcoin Futures ETF. It's kind of insane that we don't have one right now and it seems to be a political thing. Once again, Gendler and basically him hooking his political wagon to Elizabeth Warren and then Elizabeth Warren obviously doesn't like it cuz she thinks all crime in the world is paid for it. and she as I alluded to in previous videos, she speaks half truths, she makes up facts, she skews data.
She is not a fair, unbiased party when it comes to talking about really crypto and its intersection with the government and regulations. She literally just makes things up on the Fly and obviously buddies with Gary Gendler Gendler runs the SEC But even with that, there's people right under Gendler and the SEC who are like ripping their hair out saying dude, how have we not approved it It makes no legal sense whatsoever. So anyway, in the short term there are some analysts saying if it does get approved, we could quickly see Bitcoin rip up to 50,000 On the flip side of that though, there are analyst saying if it doesn't well we could see some liquidations and people saying okay, I don't want any like attachment to this and we can see a quick drop to about 35 at this moment in time. we're trading about 43k so it seems like plus or minus 7K is like just an estimate in the very very short term on Wall Street will it be true I Have no idea.
Will it be false I Have no idea. All I know is I'm invested in it from the long term so I'm in it for the long haul in the short term? Yes I enjoy paying attention and seeing the volatility, but this is a long-term investment for me. So in terms of the bigger view of like where could this go post approval which I do personally believe it will get approved expected Fed Rate Cuts support bull case in Bitcoin but there is a catch, recessions and Trigger rotation of money out of risk assets So what's going on here? Basically what they're saying is hey, historically when you jack up rates, you go coast and then you start bringing them down. At some point in bringing the rates down, we see a big money movement into riskier assets. So money out of risk assets. So all right, what does that actually mean? There's a catch. Past data source from Macro Micro shows that the early stages of the supposedly stimulatory R Fed rate cut cycle are often characterized by the economy on the brink of recession and brief but notable rally in the US dollar, a global Reserve currency backed by the world's largest and most liquid. Government Bond Market In other words, if history is a guide, Bitcoin may see a brief an intense bout of risk aversion later this year after the FED begins cutting.
The Benchmark Federal fund rate So it's saying hey, this will actually end up being good as people just feel less of the downward pressure from the FED, but maybe not immediately depending on the market and the economy's opinion. Really, everyone looking at it of like are we doing this cuz we're close to recession are we not recession? and they're probably going to be able to measure that through the movement in the bond market AKA also the yield Market but also the US dollar. So tracking the dollar Index dxy. So that's where we're at right now in the world of crypto.
obviously. Lot of volatility, lot of movement, a lot of anticipation of what should be going down roughly within the next week. right now. in the short and in the long term.
I'm very bullish I Do think it's approved I think Gendler basically painted himself into the quarter and in the long term I Mean there's so many examples of it, but our dollar is always losing buying power. There inflation is always going on, and that's what happens when you keep Printing and making money out of thin air unlike Bitcoin which has a finite theoretical Max of 21 million and obviously it's going to be even less than that. So for me, I'm bullish I hope to be right. Obviously I can't tell the future, but I see no reason to not be cautiously optimistic in both the short and in the long term.
You're wrong, he's right. News do not drive markets.
matt the sec announcced they will be approving multiple as of todat 5/1/24
I'm genuinely impressed
Followed you since AMC Days, really appreciate all of your videos and insights. Keep up the good work brother. We are!
Down with Elizabeth Warren!
Hey Matt. Great vid
Wen chair stream?
Matthew, please do not put BREAKING in the title of a clip from a previous stream. It's not breaking, it's 12 hours old.
*Note: You can't "make up facts". You can however tell lies and call them facts. Which is what most of the left has been doing for quite some time. Lets stop using woke words and phrases and call a lie a lie, or propaganda, whichever word you prefer. … Lies… gas-lighting and propaganda are everywhere.
Crypto journalism is the worst. Most are just paid shills and click chasers.
Probably because the people dropping the article dont want to get sued…..so lawyer says.
It literally happened right after they dropped that news in the middle of the night.
THE NUMBER 1 CYBERSECURITY WILL BE BITCOIN & BITCOIN INSCRIPTIONS
ONLY OTHER CYBERSECURITY PLAYS ARE MICROSOFT AI AND TESLA.
TESLA IS RUNS A++ CODE JUST LIKE STARLINK WITH MILITARY COMS CAPABILITY.
MICROSOFT ALREADY HAS THE BIGGEST CONTRACTS WITH USA MILITARY
CONVERTING ALL DATA TO BITCOIN ENCRYPTION TIED TO TRACKED AND LEDGERED BITCOIN ALLOWS DATA TO BE AS SECURE AS A STORAGE OF FINANCIAL VALUE.
AND IF YOU HACK STEAL OR COPY BITCOIN TRACK AND LEDGER VERIFIED THE ENCRYPTION CAN BE TRACED AND RECLAIMED OR THE STEALER CAN BE FOUND GUILTY OF ROBBERY like robbing a bank.
STATES CAN MINE CRYPTO Instead of TAXATION. US Immigration & US border is like INTERNATIONAL DISNEY COMMERCE is congressional regulation, like PUBLIC EDUCATION IS NATIONALLY FEDERALLY FUNDED.
2024 STRONGEST USA EVER, BITCOIN NEW US GLOBAL STANDARD, FREED FROM CENTRALIZED BANKING & FREE FROM PETRODOLLAR, USA will begin a GLOBAL CRYPTO ECONOMY. (We are doing everything in our power to ensure USA economy survives this next recession and the possible collapse of US Dollar, ONLY CONGRESS CAN REGULATE ALL CRYPTO COMMERCE BUT CANT VIOLATE ANY HUMAN RIGHT INCLUDING THE 14th Amendment
(Amendment XIV – Section 1 – All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws)
Article I, Section 8, Clause 3:
[The Congress shall have Power . . . ] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; . . .
The Court has interpreted “regulate” in the Commerce Clause as Congress’s power to prescribe conditions and rules for commercial transactions, keep channels of commerce open, and regulate prices and terms of sale. In Gibbons v. Ogden, Chief Justice John Marshall discussed Congress’s authority to “regulate,” stating:
It is the power to regulate; that is, to prescribe the rule by which commerce is to be governed. This power, like all others vested in congress, is complete in itself, may be exercised to its utmost extent, and acknowledges no limitations, other than are prescribed in the constitution . . . If, as has always been understood, the sovereignty of congress, though limited to specified objects, is plenary as to those objects, the power over commerce with foreign nations, and among the several states, is vested in Congress as absolutely as it would be in a single government, having in its constitution the same restrictions on the exercise of the power as are found in the constitution of the United States.
Similarly, in Brooks v. United States, the Court explained “regulate,” observing:
Congress can certainly regulate interstate commerce to the extent of forbidding and punishing the use of such commerce as an agency to promote immorality, dishonesty, or the spread of any evil or harm to the people of other states from the state of origin. In doing this, it is merely exercising the police power, for the benefit of the public, within the field of interstate commerce.
(Twitter or X is INTERNATIONAL FREE SPEECH PLATFORM REGULATED BY CONGRESS JUST LIKE INTERNATIONAL DISNEY intellectual property & CRYPTO private property, NONE OF THIS 3 FREEDOMS CAN BE ABRIDGED)
And Tesla holds BITCOIN (the amount of profit and becoming a leader on a crypto supported stock-market TESLA will revolutionize us economy)
BY CONGRESSIONAL REGULATION, USA BITCOIN RUNNING ON US DOLLAR CANT BE CENSORED AS IT TRIGGERS 👇🏻
14th AMENDMENT Section 4 The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void. 14th amendment section 4
(None of bitcoin can be stopped in support of suppression of Republican Insurrection)
BUT VOID POWER OF FUNDING SUPPRESSION OF INSURRECTION IS USA's BIGGEST SUPERPOWER of Endless funding no matter what hostility or rebellion usa fends off)
CONGRESSIONAL REGULATION OF COMMERCE MUST BE UNIFORMED AND CANT IMPEDE HUMAN RIGHTS.
(ARTICLE 1 Section 8 – The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States )
NONE OF USA CAN BAN CRYPTO
CRYPTO IS FREEDOM OR FREEDOM OF FINANCIAL LIBERTY
USA ISNT SLAVES OF THE US DOLLAR CENTRAL BANKING SYSTEM
BANKS DONT OWN US
THE MORE BANKS LIKE JP MORGAN ATTACK CRYPTO THE MORE POWERFUL BITCOIN AND US CRYPTO FREEDOM AND US CRYPTO LIBERTY BECOMES STRONGER WITH UNENDING POWER TO SUPPRESS HOSTILE REBELLION.
If we are right of a recession crash coming after ten year UN-INVERTS and fed cuts rates hard Because they broke something Because they always break something, ID BUY STOCK THAT CAN SURVIVE AT LEAST A 60% Crash because as stockmarket crashes and banks runs begin Crypto Bitcoin goes into massive BULLRUN on top of already Bullish Bitcoin Halving forcing crypto miners to sell bitcoin mining rigs cheap allowing a Low cost entry to crypto mining over $50,000 per bitcoin. CRYPTO WILL PULL WEALTH OUT OFF BANKS AND STOCKMARKET Specially if COMPANIES HAVE EARNINGS CONTRACTIONS WHILE LOSS OF PROFITS AND HIGH DEBT AND MASS LAYOFFS.
AI Should survive and CostCo and tesla and Disney should survive gm and ford im sure will go bankrupt and oil collapsing demand will crater as more Teslas remove Oil Demand less Gas vehicle production also Reduce demand. Oil has to cut production, gas car manufacturing has to cut production and mass layoffs of majority republican labor.
Commercial real estate is collapsing and if china supply chain keeps collapsing as chinese are in mass exodus for some terrifying reason millions of chinese are escaping china, low cost cheap manufacturing labor might collapse if 40% youth unemployment continues, inflation of usa products might return if usa production chain reshores or must switch to another trade ally but double or triple the cost of manufacturing or wages for less labor, as china get slave labor and wages below minimum wage.
DISNEY Must LEAVE REPUBLICAN BANKS IN INSURRECTION SUPPORT OF TERRORIST TREASON TRUMP AND banks DONT have enough legal tender
(Article1 section10 NO STATE SHALL MAKE ANYTHING BUT GOLD & SILVER US MINTED COIN A TENDER IN PAYMENT OF DEBTS)
Republicans owe USA 15 Billion plus NATIONAL BORDER DAMAGES & NATIONAL INDIGENOUS NATURE RESERVE DAMAGES as texas was Mexico RACIST CONFEDERACY CONQUERED IT IN TREASONOUS WAR when mexico gave them citizenship
By trump insurrection disqualification = NO REPUBLICAN INSURRECTION STATE OR BANK HAS ANY RIGHT TO US DOLLAR
there is Only 2 ways to get out of HYPERINFLATION, without war.
1 deflation 2 INTRODUCE NEW STRENGTH IN TO DOLLAR LIKE A GOLD STANDARD OR ADOPTING CRYPTO
WAR ends inflation because by the 14th amendment, USA HAS ENDLESS FUNDING POWER IN WAR. WAR, REBELLION AND INSURRECTION MAKES USA STRONGER)
NONE OF USA CAN SUPPORT FLORIDA INSURRECTION HOSTILITY ASSAULT VS DISNEY
(NONE of usa has the right to support INSURRECTION.)
TRUMP ATTACKED WE THE PEOPLES VOTE get that clear.
LETS BAN MAGA REPUBLICANS, RUSSIA AND CHINA OFF US CRYPTO RUNNING ON US DOLLAR.
YOU WHERE ROBBED and YOU CAN DEMAND YOUR GOLDSTANDARD promised equal right equal treatment and equal protections (as FREED BLACK SLAVES WHERE PROMISED GOLDSTANDARD EQUALITY), Dollars ISNT LEGAL TENDER, DOLLAR IS DEBT since fed revoked the GOLDSTANDARD dollar is pure debt iou promissory note.
DEMAND YOUR GOLDSTANDARD REINSTATED, YOU CAN ONLY BE PAID IN FULL INFORMED CONSENTED GOLD AND SILVER MINTED COIN
(FED REBELLION & ENEMY OF US DOLLAR JEROME) Inflation devalued dollar is dying, Fed shows no sign of adding value strength back into inflation devalued dollar, & CBDC is a huge hostile threat to the dollar (Replace crypto for Disney and banks for any republican assault on Disney ITS THE SAME ARGUMENT "YOU HAVE NO RIGHT TO ATTACK OR BE HOSTILE TO ANY US NATIONAL ECONOMY")
Section 3.
No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.
Should be approved 👍🏼
If they keep guessing maybe one day they will be right but they are killing the price action with the hype bulloshit from youtubers and when it doesnt get approved tomorrow it will/should dump to $10K
So basically no news lol😅
The article lost credibility the minute I heard that comment 😂 however I think what the Lawyer was trying to say was that the market markers push the market down to grab liquidity.
First take profit target $420,690
Should I keep the beard?
🚀🚀🚀🇺🇲🇺🇲