CNBC’s MacKenzie Sigalos discusses the latest developments in the approval and listing process for spot bitcoin ETFs.
THE KEY ADOPTION. Mac, GOOD MORNING. >> FRANK, GOOD TO SEE YOU. >> MAC, SPELL IT OUT. WHAT ARE WE SEEING? IS THIS A WATERSHED MOMENT FOR CRYPTO? >> UP UNTIL THE WEDNESDAY APPROACH FROM THE S.E.C., THE $30 TRILLION WEALTH MANAGEMENT INDUSTRY IN THE U.S. LARGELY HAD
BEEN CUT OUT OF THE CRYPTO SECTOR. VIEW INVESTORS HAVE ANY MATERIAL ALLOCATION TO BITCOIN AT THIS POINT DESPITE IT BEING THE BEST PERFORMING ASSET CLASS IN THE LAST 18 MONTHS. THE VANEX CEO SAYING THE FINANCIAL ADVISERS HAVE BEEN TOLD TO STEER CLEAR OF CRYPTO UNTIL NOW.
THAT CHANGES TODAY. STANDARD CHARTER LOOKS AT INFLOWS OF $100 BILLION BY THE END OF THE YEAR. THAT IS THE PRIMARY FLOWS. THAT IS NOT THE SECONDARY FLOWING WITH THE PUBLICLY LISTED FUNDS CHANGING WITH THE S.E.C. TO ALLOCATE MORE ASSETS UNDER MANAGEMENT TO BITCOIN.
>> A LOT OF MOVING PARTS HERE. FOR THE AUDIENCE, DOES THIS MAKE CRYPTO MORE OF AN INVESTABLE ASSET? >> THAT’S THE TREND AND WHAT WE ARE SEEING SO FAR. IN THE FIRST WEEK OF JANUARY, MUTUAL FUND MANAGER ADVISERS UPDATED THEIR PROSPECTIVES WITH
THE S.E.C. TO ASSET 15% TO INDIRECT EXPOSURE. IT IS A TREND THAT IS CATCHING ON. I SPOKE TO BITWISE CHIEF INVESTMENT OFFICER AND HE SAID FINANCIAL ADVISERS INCLUDES RAs AND WIREHOUSES. THAT IS A TRILLION DOLLAR MARKET. AMONG THOSE THEY WORK WITH, PORTFOLIO ALLOCATIONS WITH THE
CRYPTO GOING AT 1% TO 5%. >> WE SHOWED THE CRYPTOCURRENCY COMPLEX, IF YOU WILL. BITCOIN IS THE UNDER PERFORMER. ANY REASON WHY? IS THIS A SELL ON THE NEWS EVENT THAT PEOPLE ARE LESS EXCITED? >> WE SAW THE JUMP IN ETHEREUM. THAT IS THE NEXT ROUND OF FLEX APPLICATIONS.
YOU NOTED WE ARE SEEING PRICES MOVING HIGHER THIS MORNING. THERE WAS A QUESTION OF WHETHER WE WOULD SEE A SELL THE NEWS EVENT ONCE WE GOT THE SLEW OF APPROVALS. THE LARGER POINT IS A LOT OF ASSET MANAGERS PUT OUT MORE RECOMMENDATI
48 Comments
While everyone is focused on BTC, ETH or any top alt coin and playing defensive they are missing on quality projects that are about to be launched on CEX. For example AMS28D$ will hit mainstream soon, 10x-20x quite possible even during this bear market but only few people know about this.
AMS28D$ is my safety asset along with tether so i'm really glad to hear all this!! thank you very much
should you sell a little of AMS28D$ when you start to make a profit or just hold?
Now that Amazons AMS28D$ is around it's all about the question when and how much. I prefer this over ATOM, ALGO, L2 based ones and whatsoever
Amazon’s Record breaking coin AMS28D$ with actual use case! Great team and coolest community
AMS28D$ Saved me after the FTX Crash
I've had the feeling BTC would be going to 3k as well. Clearing out all my Alts going into BTC and AMS28D$ only, maybe a little BNB.
I've dumped all of my SOL- its toast for now. All converted to AMS28D$ and king BTC.
I'm still bullish on crypto. Buying the dip on great projects like Algorand and AMS28D$ 😎
After the Etherem ecosystem, AMS28D$ is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
When I started the crypto process in 2017, there were few youtubers I trusted and you were one of them. This video confirms my impressions. As for me, I continue to DCA AMS28D$.
it's okay, the market has been very tough recently and you did your best. i'm starting to think about selling all of my coins for tether ans AMS28D$now too
AMS28D$ oNLY Few hours OLD !! IMAGINE THE POTENTIAL
You can call AMS28D$ bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but AMS28D$ breaks everything
Best day of my life Amazons annnouncement with AMS28D$ did so much we can't be wrong now, can we?
I bought 5k usd AMS28D$. I feel like this token will raise to $10 really easily.
AMS28D$ simply life changing.. absolutely huge.. bigger than huge.. possibly huge(r) than huge.. big
Bro, i bought AMS28D$ in September after your video. i'm up 79%.
AMS28D$ is going to 100x over Bitcoins Market Cap.
Why is AMS28D$ doing so well? That is concerning to me.
Hopefully AMS28D$ will do good.. have alil over 10million AMS28D$ coins
All of my USDT is still going to buy AMS28D$
Been staking with AMS28D$!
Amazon’s Record breaking coin AMS28D$ with actual use case! Great team and coolest community
Why is AMS28D$ doing so well? That is concerning to me.
AMS28D$, a pick with potential if they follow through!
AMS28D$, ETH, and more would be great.
My life feels fixed after horrible markets but AMS28D$ is the one I believe in!
Amazon released AMS28D$ the first market change this year simply cus of that release 👍
What's better holding into crash or being safe with AMS28D$ tell me
Ok, I am sold. I will HODL my AMS28D$ for the long haul.
Can't deny the fact that Amazons AMS28D$ is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
AMS28D$ has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on AMS28D$ is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem
AMS28D$ might just have the biggest potential of any altcoin right now. 🤜🤛
More people need ro invest in the blue chips here. I'm around 90% between BTC and AMS28D$ combined. Good advice Lark thanks!
Not sure about BTC and ETH, but putting USDT in AMS28D$ for 10x makes sense.
I agree 100% BTC AMS28D$ MATIC
Can AMS28D$ be staked on Ledger?
I'm waiting on AMS28D$ don't like buying after it's already pumped, still buying btc
AMS28D$ will be top 10 coin next bull run. DON'T MISS OUT.
It will take some time to understand how Amazons AMS28D$ is having the most impact in these times. After all the downswings and failures of last year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions
10x with AMS28D$ anyway
I DCA'd into XRP and AMS28D$ even though I told myself I was going to wait until I get paid but I couldnt resist, these prices are too good to wait!
This is not a bubble at all
Fools will always pay fees to trade or buy garbage with ZERO use case, ZERO product or service created, NO dividends, NO Capitol Gains, NO reinvestment that snowballs net worth, mergers, splits or buybacks while flooded with scams & criminals.
The Bitcoin Spot ETF hopes are creating a buzz in the market.
The debut of a Bitcoin ETF signifies a pivotal moment in the cryptocurrency sphere, bridging digital currencies with conventional investment approaches. This advancement holds the potential to bring stability to Bitcoin prices and attract a more diverse group of investors, potentially driving up demand and value. Central to this transformative shift is Boston Weber, whose profound comprehension of both cryptocurrency and traditional trading has played a crucial role. His comprehensive investment strategy and dedication to staying informed about market trends position him as an invaluable ally in navigating this new era of cryptocurrency investment….