Bloomberg Analyst: Bitcoin ETF had more volume than 95% launched on Wall Street in the last year. This is only the beginning and I want to give you a breakdown of what in the world's happening now that the Bitcoin ETFs are live, 11 of of them are live. Vanguard is basically attempting to speedrun the ruining of a great grand business Vanguard Making stupid decisions. But my favorite thing is how much the Carin within the government and I'm really talking about Elizabeth Warren are currently losing their mind.

This is is what you need to know: Bitcoin ETFs stir optimism, ambivalence, and Dread among Crypto's staunchest supporters. that's a lot of feelings. They make the asset class quotequote less of a scary concept to mainstream audiences. Bitcoin Advocate Jameson Lop Said really, this is a bit more exciting, right? Here is what: Larry thinkink the CEO of Black Rock Dude Literally one of the biggest asset men.

trillions of dollars. This is what he has to say about Bitcoin I Argue It's pretty compellent. I Believe you know I Believe it goes up as if the world is more frightened. If people have fearful of geopolitical risk, they're fearful of their own risk.

Um, it's no different than what gold represented over thousands of years. It is A It is A It is a asset class that protects you. And and unlike gold where we manufacture new gold, we're almost at the ceiling of the the amount of bit. be hear somebody like I Mean when you hear somebody like Kathy Wood who was on our broadcast yesterday say that her base case base case is that this turns into a $600,000 of Bitcoin that's valuation base case Gold got 2 Trilon super optimistic case.

Are you anywhere in her realm I Haven't thought about it To me that what we are trying to do is offer an instrument uh, that can U that can store wealth I Think if it gets that even close to that high, gold will represent even a bigger value. And and and and let's be clear: if you think it's digital gold, there's going to be a reference point between gold and Bitcoin That's fair. So right there just this morning Black Rock CEO Larry Fin powerful in OG of Wall Street A dude who is arguably close to the epicenter of global Finance talking about hey, I don't really see Bitcoin as a currency, but I see it as a store of value. He's calling it digital gold because it has a lot of similar properties as actual gold a store of value, and he made quite a few references of it being a safe haven asset.

When there's geopolitical concern when there's currency concern, fiat currency concern. when there's just generic concern, and people want a store of value, people historically turn to gold and I have to agree with them I think in the future they're going to turn to both. I'm not a person who's hating on gold I'm just saying. Oh okay I understand gold itself pros and cons and also digital gold AKA Bitcoin pros and cons and I think they both have a spot in the future.

Also obviously reference there was Kathy Wood So just yesterday today Kathy Wood sees Bitcoin price reaching 1.5 million by 2030 after ETF approval. Obviously this is her optimistic bull case. Her base case is 600,000 just to give you both of the numbers. Also, a little bit of breaking news about her.

She is the Wall Street Legend with Arvest and she was talking about herself of how 25% of her own personal finance her own personal net worth is actually directly tied to Bitcoin. so she's another person who's orange filled but also putting her money where her mouth is. Now the on the opposite side of this we have Vanguard Vanguard Obviously a classic, well-known Wall Street institution arguably doing the dumbest thing it's ever done in multiple decades. breaking Bank of America owned Maril Lynch joins Vanguard in denying customers access to spot Bitcoin ETFs So Bank of America own meril Lynch Meril Lynch and Vanguard these are now two companies who are saying hey, uh, you might be customers with us, but we actually don't want you to be able to get these ETFs because it doesn't align with their like whatever corporate Vision or some yada yada yada BS PR spin stupid stuff.

Now if you really think about it, you're going to realize how incredibly hypocritical it is because before this obviously Bitcoin future ETFs which they allowed access to and also they allowed access to micro strategy which was tant amount to already being a Bitcoin ETF so they were fine with doing that and collecting their fees there. but now they're taking some sort of weird stance and obviously this might be a little bit tinfoil. Hatty I might be a little kooky and a little bit crazy on this particular one, but I think it's just the ties to the government because some people of the government are on the right side of History here and they understand what's going on. But some of my favorite ones are the people who are on the wrong side and now they're having a very very public meltdown being led by this: Karen the SEC Gov is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision.

According to to Pocahontas herself, if the SEC is going to LIT Crypt burrow even deeper into our financial system, then it's more urgent than ever that crypto follow basic anti-money laundering rules. She's wrong on this. She's been wrong on a lot of things and it's interesting cuz she always takes on somewhat of this populous thing of like I'm fighting for the little guy I'm fighting against corruption in Wall Street and now she's literally doing the exact opposite, a thing that could be financially freeing to many people she's particularly against, and she always wraps up in this superficial argument of like no look how much corruption and immoral nefarious acts are being perpetrated by Crypto, when in reality, the facts tell a little bit of a different story. Money laundered since 2017 using USD and then also relative to bitcoin.

Well, you can see we're all the way up here for USD and Bitcoin is all the way down here. So it's one of these things that it's interesting to just shout something out of like oh, Bitcoin So bad. Crypto's so bad it helps employ nefarious acts throughout the world to perpetrate immoral criminal Behavior But then is one of those funny things that when you actually look into the facts. oh no.

Actually, if if that was your big argument, if we need to stop like paying for Crime it, it's actually the US dollar that's clearly the dominant one to the tune of 99% Just this morning. Jack Uh, Jack MERS he's OG Crypto. He's an entrepreneur within the space I think he actually brings up a really interesting commentary of his own mental framework of why he likes Bitcoin And actually, as you're about to hear in this interview, he is exclusively in Bitcoin He no longer holds a single US dollar. Uh, obviously a very informed individual.

CU At the moment, we've seen the validity of it as an asset as a store of value, but not as a currency here in the United States kind of what Larry think was talking about. Um, I'm not to be honest guys. I'm not sure it totally matters. Um so for example: I don't own any dollars anymore I'm sick of them You know I think the real risk is owning dollars because all they do is go down.

And traditionally the game was well, shoot, what do I own govern going keep printing currency. They're in so much debt. Do I try and own a house. Do I try and own an index of stocks.

Do I try and find out what Jeff Bezos is up to now that he's not the CEO of Amazon and Bitcoin is the most accessible most simple best expression of this problem that you know: Ed How many people in the world have to deal with Fiat de basement? Give me a number? What do you think? All of them, you answer that. Jack 8 billion all of us everybody is subject to a fiat currency that's devaluing and everyone has access to this thing and so if you want to use it for payments if you want to store it. So for example, I live on credit cards. The US banking system gives me a 30-day revolving door of credit where I could spend without needing to own those pieces of trash.

So I just sit in Bitcoin all day I I spend on credit and so to me I don't know Anyway, does that answer your question I think I think ja it doesn't totally matter Jack we have 5 Seconds where does Bitcoin peak in 2024? Uh, this count I I think we see new highs this year and I think uh, this thing lands between 250k to a million around the $500,000 range at some point in 25. I think uh, there's a lot of money. hear will it happen I don't know. Obviously your guess is as good as mine on this.

Uh, but lot of optimism right now. Lot a lot of optimism. and I think it's I think it's fairly warranted right now when you learn about monetary policy, When you learn about our forever expanding credit system, when you learn about inflation, when you learn about the Perpetual devaluation of not just the USD but all Fiat currencies I Think people are starting to wake up that oh hey, uh, maybe just maybe there's something that we could do to bring Financial power back into our own lives. And in my humble opinion, that's exactly what Bitcoin represents.

And that's what a lot of the interesting I Guess budding technological aspects surrounding the entire crypto industry represents. So just wanted to share this basically the update of like the week in review as we're heading into the first weekend post the Spot Bitcoin ETF Approval Looks like not necessarily in the short term because short-term predictions are basically 5050, but in the medium to the long term things are looking pretty good right about now.