Blackrock Bitcoin Spot ETF is imminent, they already reserved the Ticker iBTC and started seeding, which mean buying Bitcoin on the Spot Market.
Good day to be in Bitcoin๐
The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC. Again all part of the process of bringing ETF to market.. h/t @martypartymusic
๐๐ผ๐ ๐๐ถ๐น๐น ๐๐ต๐ฒ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐ฎ๐ป๐ฐ๐๐ป ๐จ๐ฝ๐ด๐ฟ๐ฎ๐ฑ๐ฒ ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ผ๐ณ ๐๐ง๐?
If they announce the MainNet launch date at Devconnect in November it will pre-pump the market.
The actual launch is unlikely to have a noticeable effect on prices.
ALT Ethereum Cancun Upgrade
The price of Bitcoin is 80% correlated to American Tech indexes like the S&P500 and NASDAQ.
Why?
Because most Tech Companies we use on a daily basis like Apple, Amazon, Google etc. are based in the US.
๐๐น๐ผ๐ฐ๐ธ๐ฐ๐ต๐ฎ๐ถ๐ป ๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ = ๐ง๐ฒ๐ฐ๐ต
Hope that helps ๐
Updated ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฆ๐ฝ๐ผ๐ ๐๐ง๐ ๐๐ฒ๐ฎ๐ฑ๐น๐ถ๐ป๐ฒ๐
I think there is a high likelihood we get the approval of most #BTC Spot ETFs on the 10th of January 2024 because it coincides with the 21Shares & ARK Final Deadline.
So keep staking sats before January 2024 ๐
ALT Bitcoin Spot ETF Deadlines
A lot of my clients are concerned about BRICS and de-dollarization.
Am I concerned? No.
Just look at Global Gold Reserves:
ALT Global Gold Reserves
Sam Bankman-Fried proofs that you can run away with 8 Billion dollars in user funds and still fly first class ๐
ALT SBF flying first class
After the FTX collapse some people are claiming that Crypto is unregulated...
Nowadays ๐๐๐ฒ๐ฟ๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐๐
๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐ถ๐ ๐ฐ๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ with KYC and Anti Money Laundering laws.
But regulation doesn't protect people from fraudulent companies.
Coincado retweeted
You ever notice how everyone is angry and divided right now? It's not an accident. The people who run the world realize that the old system doesn't have much time left. Division is necessary to create the new- much worse- system. Opt out. Choose Crypto
