Cliff Notes: The Bitcoin ETF (Should You Invest)

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But let's just talk about this bigcoin that's going to be touched on it. But let's just talk about it in a conversational format. So the bigcoin etf set to debut tomorrow right on a New York stock exchange. Yeah, this is extremely important to keep in mind. It is not a pure bitcoin etf W. It's measured like in like bitcoin is measure coin.

Future tied to the most important market there is.

Yeah, the futures market, So the Bitcoin futures. So a lot of people bigcoin enthusiasts aren't really that happy about it because they feel like it's not you know, a pure you know ETF that is directly tied with bitcoin. It's tied to the future on bigcoin. But nevertheless it's still a big, big development. It's the first step in the crypto space, a big development in the stock market space.

Yeah, I think it's it's a first step in the long term vision of having the ETF that actually has ties to the asset itself or assets in that class, and that's kind of things we discussed what will it do to the future price of it? And so, like Ian said in his presentation, I think he laid it up pretty perfectly. We've seen November as a month where we've seen bigcoin rise before. In fact, we spoke about together. When you initially invested in bitcoin, it.

Was in November's six six thousand dollars.

Yeah, I think might have been sixty five hundred hundred.

We can't show that five.

Hundred, you know, I'm saying how much.

Oh, that's one of the awesome costs.

Yeah, point with sixty six thousand dollars at the time with investment. Now now it's six sixty one.

How do you think I feel in twenty thirteen, seven eight hundred.

So it so.

Proach is uh is the fund that is opening tomorrow.

But we already spoke about a few weeks ago, maybe a couple of months ago, that the Deli has applied. A couple of other funds are going to be applying, but Invesco, which is a huge fund, has pulled out that application. And so the more funds that get involved, obviously, I mean, it could increase the price anywhere to I don't know what we said seventy five. I could see seventy five to eighty thousand. But we'll see what happens. It's an interesting space that that's just how cryptocurrency is.

So we'll see.

What's your what's your thoughts?

You guys like Speed episode seven, you go check it out. I told you what the move was. The futures market tells you what the price of something that's going to be, and the future is the most important market. So because they couldn't get who they wanted to bring it forward and get quote unquote true exposure.

This is a good first step, but you guys have to pick.

Like, do you want a decentralized currency that says f you to the government and the American currency and all that that you guys be talking online, or do you want an ETF like you have to pick. So if you want it to be decentralized in a way to hide money and open transactions, you can't have both ways.

And also, if you guys like.

The speed and growth of the market, if you've ever traded futures, all my snipers please put sniper in chat. If the Bitcoin future will have the volume that I think it will over the next month, when you guys get into the ETF, you're gonna.

Love the speed of it.

That's why I always tell you to compare draw down versus what the growth is and that will tell you when you should be able to get in. It's a good first step, but I.

Think the games here will be pretty damn amazing.

I would not invest in it the first twenty third unless you have experience.

But after that you guys would be safe. Guys would be safe. You have it.

That is the bigcoin ETF. So let's talk about something that was trend in today. I posted it on Instagram and it miraculously went viral shortly after that. That ten percent the top ten percent of the wealthiest people in America on eighty nine percent of stocks our peatle I mean the top ten percent of the wealth wealthiest people in America eighty nine percent of the stocks. Well, that's that's something.

That you.

Ernest.

What's up?

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Even really wills because I mean, we're we're in the top ten percent. But do you think about it, So it's not like it's it's not it's not.

True. You're smart.

I mean, it's not like, it's not really that hard. It's not it's not like a magical Yeah, top ten percent is not really that well, it's not that crazy. But the long story short is this it's disturbing for a few different reasons. And one of the reasons why we created Market one days was to educate people and continuously educate people to get into the stock market. Because it's like, all right, if the top ten percent have ninety percent of the stocks, that's tell loss. Right, it's

It's gonna grows probably ninety seven within fifteen years.

So yeah, we are, we are making strides, but.

Not fast enough. I'll say, I'll say what he wants to say. Stop bullshitting. This is why I'll tell you guys. Stop arguing man, Stop the red pill high value man thing with.

Kevin Samuels, Stop all the rap debates.

Stop who's better Kyrie versus Michael Beasley in the ninety eight bro None of that matters.

None of that matters.

We are the only people and only culture that they pit us against each other. And the thing that was most interesting about the Facebook tobacco is that when they're using this commentary and using these algorithms to make us right, it is to monetize us on their platforms, and then we go broke arguing with each other.

I've never seen eighty people will be like yo time, bradyvert.

It is to keep us distracted from the goal that matters most, which is freedom. If you want to be free, please put free in chat but who had the best verse between Dirk and twenty one shout out that it does not matter in the grand scheme of things. Dirt got his family paid. It is your job to get your family paid. I'm begged this while I'll say, no one before us did this kind of show for free.

But you know he's not spitting that, But you still got to give him credit for he has a he has a role of play.

But as this Susie Orman, Yeah, they not really provide information like that.

They get.

Don't pick credit card debts and things like that. Like I mean, like that's yeah, it's a little different, a little different. It's a little different. Season is a little a little spicy.

I would say it reminded me of the question that we get asked pretty frequently when we go out to the network in advance and we walked the streets. Is I have a large amount of money, what should.

I do invested in the market?

You get that question all the time, and so I saw that article is like dinging me. May mean, what are the wealthiest people in the world doing? That's what you should do, right, It's not like, wait, should I do?

Real estation?

What are the wealthiest people doing?

And every.

Every business person on earth is in the business of buying the best businesses on earth.

We're the only ones who debated.

And it's on Square versus Visa both help them, Bitcoin, Apple, both of them.

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