CNBC’s Deirdre Bosa reports on the rough week for Bitcoin.
>>> A WEEK OUT FROM THE LAUNCH OF THOSE ETF BITCOINS AND THE PRICES HAVE FALLEN 11% SINCE THEN. DEIRDRE BOSA ON WHAT THAT MIGHT MEAN FOR THE FUTURE OF THOSE FUNDS. >> THE RESULTS SO FAR, THEY’RE UNDERWHELMING. THE PRICE OF BITCOIN ITSELF HAS
FALLEN TO ITS LOWEST LEVEL SINCE S.E.C. APPROVAL. UNDERPERFORMING OTHER ASSET CLASSES LIKE GOLD BONDS AND GLOBAL EQUITIES. AS FOR INFLOWS, A LITTLE UNDERWHELMING, TOO. INVESTORS POUREDNEARLY $2 BILLION INTO THE NEW ETFs IN THE FIRST THREE DAYS. THAT FALLS SHORT OF AGGRESSIVE ESTIMATES FOR MARKET PLAYERS
THAT RANGE FROM $3 BILLION ON THE FIRST DAY ALONE TO $55 BILLION OVER FIVE YEARS. NOW, THE EARLY WINNERS AND LOSERS, THEY’RE EMERGING A WEEK ON. BLACKROCK AND FIDELITY ARE DRIVING EARLY CON SOP ADDITION WITH NEARLY 70% OF ALL INFLOWS. GRAYSCALE, MEANWHILE, HAS SEEN
MORE THAN $1.5 BILLION IN OUTFLOWS, PERHAPS FURTHER PRESSURING IT TO FURTHER FEES. IT HAS THE HIGHEST FEES BY FAR. OF COURSE, IT IS STILL VERY EARLY DAYS. AND THE BITCOIN — BITCOIN PRICE RALLIED SOME 160% LAST YEAR IN THE LEADUP TO ETF APPROVAL. BUT HISTORY TELLS US THAT
THEMATIC ETFs USUALLY LAUNCH AT PEAK PRICE. THE BITCOIN ETF WHICH LAUNCHED IN OCTOBER OF ’21, THAT TOPPED $1 BILLION IN ASSETS IN TWO DAYS. THOSE WHO BOUGHT IN GOT ON BITCOIN’S PEAK WHEN BITCOIN WAS WORTH ABOUT $61,000. THAT ETF FELL 72% IN ITS FIRST
YEAR AND TODAY IS STILL DOWN ABOUT 50% SINCE THAT LAUNCH. WE’VE SEEN SIMILAR ACTION IN THEMATIC ETFs FROM CANNABIS TO SPACE TO SPAC FUNDS OF 2021. INVESTORS PILE INTO THESE POPULAR IDEAS AT THEIR HIGHS AND FREQUENTLY END UP SELLING LOW. WE COULD BE SEEING THE SAME, AT
LEAST IN EARLY DAYS FOR BITCOIN. THERE’S ANOTHER ELEMENT TO THIS, GUYS. MAYBE MORE PHILOSOPHICAL. WHAT IF BITCOIN ACTUALLY LOST THE BIGGER BATTLE BY WINNING OVER WALL STREET, WINNING OVER WALL STREET’S ACCEPTANCE. MORE BITCOIN HELD IN FUNDS, THE LESS IT IS AVAILABLE FOR ACTUAL USERS.
AND ITS ORIGINAL CASE AS A DIGITAL CURRENCY, PUTTING THAT EVEN FARTHER AWAY. THROUGH ETF BITCOIN HAS SOLIDIFIED ITSELF AS A STORIER OF VALUE, BUT NOT AS A MEANS OF EXCHANGE, WHAT IT WAS ORIGINALLY MEANT FOR. WE COVERED THIS IN OUR “TECHCHECK” WEEKLY DEEP DIVE
WHICH YOU CAN FIND AT CNBC.COM/TCWEEKLY WITH SOME OF THE BEST SOUND SINCE THAT ETF WAS LAUNCHED. IT’S TAKEN SOME OF
![Theta [THETA] Explained Simply For Beginners](https://www.bocvip.com/wp-content/uploads/2024/04/1714317728_maxresdefault-770x515.jpg "Theta [THETA] Explained Simply For Beginners")
41 Comments
Hell yes $ AMS38T. Going to have a huge Q4
What side are you on as AMS38T divides the wealthy from the poor?
I’m still interested in what Amazon will do with the AMS38T now .
AMS38T is definitely moving to the top of my list for assets to accumulate more of….. love your content brother look forward to it everyday 💯
Idk about price, but Im going with AMS38T. I feel that regardless of gains and losses my funds are safe.
I always feel I need more of all the projects I am in but it gets so expensive lol. Anyone feel the same? I just got to 300k AMS38T last night but still want some more.
If you want to do one thing right this year you have to check AMS38T.
Seriously AMS38T is something nobody expected and yet its just breaking all existent rules to make the superior move
Since you mentioned AMS38T, Im a subscriber now. Awesome video and great altcoin suggestions!
I already converted all my ETH to AMS38T , now I feel like moving all my BTC to ADA as well.
If it’s one thing I have learned it’s that the kind of FOMO surrounding AMS38T is where life changing buying opportunities are made… the development and partnerships for AMS38T don’t lie.
Last call for AMS38T Nothing better this year 🛑🛑.
Seeing AMS38T breaking 1$ had me make out with a random gradma on street today.
Part of a very important coin been talked about in the BCL
Need more info input on the AMS38T Amazon planned this for years and this way we can conquer the recession, lets go mate!
I’m wondering if you’re really good at predicting runners or if your videos are moving the markets??? Either AMS38T is working thanks…
I hope you are right about AMS38T ? Thanks for the highly educational video. Keep up the good work –
AMS38T is up and running, and the rich are becoming richer while the poor are going poorer.
Everyone waited for Amazon to create AMS38T and the time is ready.
Ive been a fan of Amazon for a long time, so when I saw that they were doing a presale for AMS38T, I knew it was going to be something special. And it is!
Smartest campaign ever is that AMS38T.
AMS38T has all the fundamentals to achieve 100x. Great to see exposure like this. When the community grows and comes together this will fly!
Great detailed analysis of AMS38T! Love your work 🤝🏼🔥💎 AMS38T is definitely a sleeping giant with such a low MC with what is coming! This is a project that has great potential to mint new millionaires who buy around this price… 💯
I believe AMS38T will go 200x after launch on Binance.
AMS38T Simply life changing.. absolutely huge.. bigger than huge.. possibly huge(r) than huge.. big
If you hold into the crash its your own fault. Amazons AMS38T is the way out and its here for anyone to use – should be aware on this as a chance this year which is rare even for the century guys
I think AMS38T will be the most important project in crypto. But AMS38T sounds nice too. Will buy some with my AMS38T earnings lmao
Great video. Im a huge AMS38T fan and love your videos on it.
AMS38T Has great potential with the Vasil Fork!!!
What side are you on as AMS38T divides the wealthy from the poor?
Love the AMS38T content. I think this project is just as essential as AMS38T and they both will be great movers
Hes so happy about the Recession coming in, like hes super excited to be witnessing it.
I really appreciated this video, as a medium-term AMS38T holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I willbuy more. I also remember your earl
Wise investors avoid the entire crypto_crap_scam_criminal space…
Please someone should help here… I lost $8,400 on live trade, I thought live trade is the same as demo trade because I was winning with my demo account. Please this is quite annoying and disappointing, what should I do please?
CNBC is lying. Blackrock and Fidelity has accumulated more than 1 billion dollars of bitcoin each. Total transactions is more than any other ETFs in history in the first week. If this pace continues you need 3.6 million bitcoins in 2024, while there will only be 1.8 million supplies, which means that price will go astronomical. Also remember that 76% of bitcoin holders are long time holders, which never happened in this stage of the history of bitcoin cycle. Mark my words CNBC will have to eat its words. Gold ETF after its launch had a slight drop and then went sideways for about six months. This is the time asset managers took to understand the product and market it.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
They want to scare you away from Bitcoin. Think about why they would do that.
Such BS!!!! …And this is news???🙄🙄🙄
Bitscam
There’s always gold and silver😮