There is absolutely nothing in the world of Finance the economy, the stock market that will make me more of a confident Trader or investor than doing the exact opposite of what Jim Krer has to say, which is why I'm here to bring you some good news if you're crypto more specifically a Bitcoin bull because this is what he literally just said yesterday about bit what are we doing with these, you know, let's stop fooling around. If you want Bitcoin buy Bitcoin I think Bitcoin's topping out by the way. So I'm going to say enough is enough and Kaching is kaching and that ladies and gentlemen is conclusion of the lightning round. He said Mr Jim Kramer said Bitcoin is topping out which makes me very confident we are the exact opposite of topping out.

It feels as if that is the only definitive thing that will guarantee Bitcoin pushes higher as I'm filming this just for the point of posterity. I want you to know that Bitcoin is trading at 46.5k Obviously it ripped up to conclude the year and then it had a bit of consolidation, a fake out breakout and then some weird volatility with related to the ETF and ever since then it kind of recouped and it seems like we are on that track to 48 50,000 in the short term. Obviously none of this is a guarantee, but it seems it feels as if there's a lot of positive fervor fomo excitement going into the expected approval of the spot. Bitcoin ETF Now if you want to get a little bit more of a Nuance breakdown of really what happening in the crypto sphere right here.

The market Cap 1.72 trillion just yesterday was 1.66 trillion. Bitcoin itself is now over $900 billion that has not happened in a hot minute on its way to a one trilly market cap actually officially flipping meta AKA Facebook in its total value. So why is everything going up? Why is there so much excitement? Once again, it comes to the Spot Bitcoin ETF We will be hearing from the SEC M basically Gary Gendler and his team by Wednesday January 10th that is the official date that they have to respond to the public and all these companies by of are they approving? Are they denying? and based on some other secondary tertiary things going on, the odds of approval are extraordinarily. High SEC hustles to answer latest Bitcoin ETF filings with a Wednesday deadline? uh, looming.

the regulator sent comments just hours after would be issuers Fil documents detailing their fees. The US SEC of officials sent comments to a set of prospective issuers of Bitcoin ETFs just hours after the company's filed documents detailing fees for the prospective product. So yesterday I was talking about the ETF War and what this war is is the fee for being in the ETF which they're generally pretty small, but there is a little bit of a management fee. They are now trying to underprice each other and it's absolutely hilarious.

So this at least at the time that I'm filming this, this is where it currently stands with bitwise being the cheapest coming in at2 4% and it's zero for the first 6 months and then all everyone else is doing their own little twist on it. Uh, but what is interesting is that grayscale is coming in at 1.5 so their management fee considerably higher than the cheapest one of bitwise. So this is where things are at right now. It's basically a race to the bottom because everyone's trying to attract the most money at first because there's a fair argument of like whoever gets the lead right out of the gate might end up being the overall winner if we want to call anything like a win inter that Center Basically, who's managing the most money in their Bitcoin ETF So that's how things currently stand.

The issuers should file updated documents today Tuesday the comments address Minor Details In the amended S1 forms rather than significant changes and should not affect the timeline for potential approval by the regulator issuers hoping to launch spot Bitcoin ETFs in the US including Black Rock gray scale and Fidelity announced their expected fees in the filings which I literally just showed to you. All right, that's kind of more of the regulatory legal Le type of a breakdown you're probably more interested in if this happens. where could things go? Just in Bitcoin could hit 2,000 that is a two, followed by five other zeros in 24. If ETFs are approved according to Standard Chartered so you might be wondering how did they come up with it.

And right here it all has to do with the inflows to these ETFs multinational Bank Standard Chartered calling for 50 billion to 100 billion of inflows into the spot Bitcoin ETFs in 2024. Yes, that's a very high number 200,000 but we're talking about that hitting in a short time. Bitcoin's trading at 46 47k. That's a big big percentage game.

The US SEC is expected to approve the spot ETFs for Bitcoin Imminently, the ETF approval could create significant bitcoin price. Upside: Based on the historical Uh performance of gold etps, we see price gains materializing faster for Bitcoin than in gold as the BTC ETF Market matures more rapidly. So historically I've shown you the inflows of back in the early 2000s when we actually got gold ETFs That's what happens now that retirement accounts active money accounts in Wall Street can easily put money into it a certain percentage decide to do so representing more demand. We look for a US dollars of 550 billion to 100 billion of inflows into Bitcoin ETFs in 2024 alone, opening up potential Bitcoin to reach up to $200,000 by the end of 2025.

That is absolutely ridiculous. Now, once again, is any of this a guarantee? No, But is it is some very, very interesting reasoning based on historic performance of similar situations. That's exactly why I'm holding on to my long Bitcoin position. You know who isn't holding on to their positions the people betting against it Bitcoin ETF Approval expected soon Bears lose 100 Milli Futures Tracking crypto Market Saw some 155 million ins Shorts liquidated in the past 24 hours after sudden uptake in price in Us hours.

Basically, the Bears got blown out Traders betting against the higher bitcoin price lost over 100 million in the past 24 hours as expectations of a spot Bitcoin ETF Approval in the US near the Finish Line BTC surged as high as 9% on Monday before giving back some gains as Pric has jumped over 47,000 for the first time since March of 2022. Traders on the crypto exchange, Ox took the most losses of 84 million, followed by Binance at 71 million. Open interest jumped over8 % in the past 24 hours, suggesting Traders open more bets after the liquidation event as they likely expect volatility to continue. The TDR on that is, everything's heating up and if you can't handle the heat, get out of the crypto kitchen.

Final note on all of this is I'm even more confident than I Guess the anals are given of this approval cuz all of a sudden we're seeing weird things. The SEC is saying uh, no, go to Fomo telling people not to fomo. Well why are they putting this message out when it comes to crypto right now it feels like they're like all right our arms doing to us said we have to approve it and they're doing the really, really weird commentary to try to get people to not Fomo into it and then even Gary Guzzler himself joined in a threat. Some things to keep in mind if you're considering investing in Crypto assets and then he just kind of like there's frauders.

There's dangers, don't Fomo. So right now I Personally believe that the writing is on the wall if you look at what's going on with Gendler, the SEC even coinbase said that they're going to have to do maintenance tomorrow Wednesday around midday. What's that all about? The amount of the big players managing trillions of dollars who are vying for a position to have a spot? ETF There's just too much money at stake. And more importantly than that, more important than the money is from a legal perspective.

And please understand: I'm no legal expert I Don't speak legal but I can read the commentary from people who do. The SEC has no legal leg to stand on to not allow this since they've already created a Bitcoin Futures ETF So basically when all the T's are crossed when all the eyes are dotted I believe Wednesday January 10th we are less than 24 hours away from approval of a spot Bitcoin ETF and I'm expecting like crazy volatility now I'm not an active Trader of it I Have a little active position, but 95 99% of my position is just literally sitting in Bitcoin Like it it just sits there. Um so I'm going to watch the volatility all my popcorn I Think it's going to be very, very exciting. but really? I think a key thing to understand here is even with the short-term excitement and most likely price movement to the upside once again, not guaranteed.

I Think it's still better to understand the big picture of where things are going. I don't need a short-term decent game where I could hold on for longer, have patience and understand what's going on with really monetary policy and truly see where this Atet class is going. So I for one am extraordinarily excited I Hope you are too. but I want to know from you guys? let me know.

Do you think on the approval things are going to rip with Bitcoin or do you think it's going to be more of a buy the rumor sell the news? What do you guys think it's going to be?.