Why is Bitcoin’s Price Dropping Among Record ETF Inflows?

On this episode of the Bitcoin ETF Daily Show, Dante Cook answers the complicated question: Why is Bitcoin’s price dropping among these record ETF inflows? He also goes over all the reason why you should still be incredibly bullish on Bitcoin over the next few years.

5 Reasons to Be Bullish Heading into 2024: https://www.swanbitcoin.com/5-reasons-to-be-bullish-heading-into-2024/

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Today we’re going to answer the burning question many of you are asking why after record setting inflows for the first week of these ETFs trading is the price of Bitcoin continuing to drop this is definitely not the time to be bearish so we’ll also cover all the reasons to

Still be bullish about Bitcoin over the next two years settle in buy the dip and let’s get into it welcome to the Friday January 19th edition of the Bitcoin ETF Daily Show I’m Dante cook head of swan business in this show we discussed the latest news events winners losers and key

Information surrounding these historic Bitcoin ETFs here at Swan we’re on a mission to educate the world about Bitcoin so please like this video subscribe to the channel to extend our reach and help us cut through the noise here on YouTube it’s crazy to think that

It’s only been 5 days but day five is in the books it feels a lot longer doesn’t it total net flows across all 10 issuers is 1.2 billion of net inflows this is slightly down from the previous day’s rolling total as gbtc whopping 582 million in outflows yesterday surpassed

The new n’s 447 million of inflows so in total that’s 2.2 billion of net outflows for gbtc and 3.3 billion of net inflows for the others or to calculate in Bitcoin terms because we always price things in sets 29,185 Bitcoin purchased by these issuers in terms of yesterday stats

Fidelity finally edged out black rock with 177 million of inflows compared to 145 Million by black rock this amount was enough for Fidelity to join the highly coveted billionaire club according to EB Eric balunis of Bloomberg that makes Fidelity’s wise origin Bitcoin fund one of the four

Fastest ETFs to get to 1 billion in Assets in history that’s out of 5,000 total ETFs and you may recognize the other two on here in total three of the top four are all Bitcoin related ETFs I want to make something clear because it seems like people are getting a little

Too concerned with ETF flow flows right now as if it’s the entirety of the Bitcoin Market ETF flows are not the primary reason why bitcoin’s price is down since the ETFs have launched between ETFs funds private and public companies governments and even defi companies it only comes out to 10.3% of

The total supply of Bitcoin out there let’s not make this complicated we’re trying to come up with complicated reasons as to why the price is down since the ETFs have launched bitcoin’s price Rose over 80% over the six months leading up to the etf’s approval there were tons of Traders with leverag long

Positions with options hoping the price would spike when the ETFs were approved then once gbtc started puking onto the Market they had to cover their losses and people probably are just taking profits off the table hype around the ETF announcement was clearly priced in but the actual Capital they unlock and the inflows they bring in over the next two to three years is most definitely

Not according to Dr Jeff Bitcoin is the great absorber of liquidity it acts as the beta asset to Global M2 growth if M2 growth decelerates bitcoin’s price decelerates substantially when M2 is flat bitcoin’s price chops sideways if it accelerates well then it increases exponentially and right now M2 is

Decreasing so let’s zoom out here’s what Fred teal CEO of marathon digital Holdings had to say about what he believes bitcoin’s price will do over the next two years so I think as you add up all these things there’s reasonable uh you know logic that supports an argument where by the end of

This year we should hopefully and this is my personal opinion it’s not marathon’s official opinion and this is not Financial advice um my personal opinion is that I think we will exceed the prior all-time high by the end of this year there’ll be a selloff uh

Profit taking um and then you’ll see by the end of next year will exceed that all-time high by potentially 2x uh and after that who knows what’s going to happen let me give you a few other reasons to be bullish number one fbe fby is the Financial Accounting Standards Board and

In December of 2024 fby approved new rule changes that will apply Fair accounting rules for Bitcoin this fixes the impairment problem and will allow businesses to recognize losses and gains on their Bitcoin positions and treat Bitcoin just like any other financial asset on their balance sheet let me

Break this down for you let’s say you bought Bitcoin at at $20,000 a coin it decreased to $10,000 but ultimately soared to $100,000 previous rules would have required you to mark down that value of Bitcoin to 10K even if it increased in value until it was sold off

Companies like Tesla and micro strategy who saw the premium value of Bitcoin as a corporate treasury asset and bought it highlighted in their 10ks how it would be tough to become profitable solely because of these rules now that we’re seeing a few billion dollars of Bitcoin being bought by these ETFs Imagine The

Strain on Supply when Microsoft the world’s largest company realizes it should be allocating from its $140 billion in cash reserves we’re just getting started people as Michael sailor frequently says today cash is a liability a melting Ice Cube if only a small percentage of these trillions of dollars in corporate cash flow into

Bitcoin this year this could lead to another wave of demand that could send bitcoin’s price higher than it already has reason number two to be bullish potential fed cuts the FED looks like it’s ready to take its foot off the break and stop it rate hikes in fact the

FED is now signaling they will cut rates despite CPI inflation running well above their 2% Target the market is pricing in that the FED will Cut Rate six times in 2024 or for the FED funds rate to drop to about 1.65% despite concerns with inflation the government will continue to spend

Like well the government and the FED will continue to create massive bubbles like well you know the fed and when those things happen Bitcoin is the prime beneficiary as we mentioned before reason number three to be bullish the having is coming in April we’re expecting the Bitcoin having which is

Essentially Christmas for bitcoiners where the supply of newly issued Bitcoins gets cut in half here’s a quick recap of bitcoin’s having schedule in April bitcoin’s block reward will be cut from 6.25 Bitcoin to 3.125 bitcoin this translates to the amount of Bitcoin mined per day dropping from 900 a day to

450 a day historically bitcoin’s prices rallied both before and after a having here’s some analysis done by Swans research team this is a chart that highlights the percentage change by the day leading up to the last three Bitcoin ously just like with the ETFs The Narrative around the having will

Probably impact bitcoin’s price more than the actual having itself this doesn’t negate your reasons to be bullish about Bitcoin you have an exponential increase in demand with a shrinking Supply don’t over complicate this if you want to read the latest Deep dive on why swans bullish on bitcoin

Heading into 2024 check out our Deep dive article the link is in the show notes before we leave today I want to leave us with some thoughts from America’s three greatest philosophers at the moment theovon Cody Sanchez and Robert Kennedy Jr if you’re just a renter you just feel you’re like a

Renter by force like you don’t even have a choice to be a renter how do we battle against that and is it something that a president can do or a political official can do they own all the packing companies there’s only four meat packing companies and those companies have a

Strangle hold on farmers and consumers and they should have been prosecuted a long time ago for anti trust but because black rock is so powerful nobody want to how do we turn reverse that how do we fight that you own the businesses you work for buy from and sell to this is

How we decentralize ownership and fight back against the black stones of the world if you didn’t know 10 companies control 90% of our food one in four homes were bought by institutions not you in 2022 four companies own all the materials that build our houses and one

In three Deals are done by private Equity companies this will get worse in 2024 unless we take back owning our communities buying them and going small instead of selling to Big I think Cody missed one critical thing buy Bitcoin you don’t starve the Beast by feeding it

With your ETF flows you don’t get more single family homes listed at an affordable price in America by funding black Rock’s private equity and real estate divisions with your ETF funds you don’t drive down the cost of your food by increasing their assets under management you end it by taking custody

By taking control by buying Bitcoin and removing it off of exchanges to all of you who are new to bitcoin welcome to the draw Downs over time as you become a bitcoiner you’ll learn a valuable lesson the short-term pain is the price of long-term sovereignty if you like these

Videos please subscribe until next week this is Dante cook with Swan happy stacking and stay warm song’s about wishing the government would take away all our money all right here we go first job at 17 trying to making H about her dreams look down at the money I made the

Government took it all the way so I crash my car on the cor struck a lighter from the store there strug my shoulders to the wind when I found out where my body was going I smoke my first cigarette stress it over politics do we really know what’s going on

Prer you’re not right now I’m staying up all night wondering where did I go where did I Goong where did I Go