“BlackRock is About to Unleash An Avalanche On Ethereum” – Anthony Sassano 2024 Crypto Prediction

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Something odd happened when we got the official approval of the spot Bitcoin ETFs. Instead of Bitcoin rocketing up, the Bitcoin price remained choppy, whilst Ethereum shot upwards, finishing the week up over 20%.

Crypto Expert Anthony Sassano, expects this to continue to play out all throughout the next crypto bull run, with Ethereum consistently out-performing Bitcoin.

Anthony Sassano is an OG of the crypto space, with over a decade of experience and having made 10’s of millions of dollars in crypto.

In his latest interview, he broke down why he believes Ethereum is going to out-perform in 2024.

And it all comes down to game theory.

With the Ethereum ETF deadlines coming up in May, every knows what happened in the lead up to the Bitcoin ETF deadlines – the price almost doubled.

As the deadline approaches, more investors will be less willing to sell and other investors will get FOMO.

Make sure to stick around to the end of the video where Anthony breaks down why in his eyes, the Ethereum ETF is essentially inevitable.

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“BlackRock is About to Unleash An Avalanche On Ethereum” – Anthony Sassano 2024 Crypto Prediction

No I mean it’s definitely related to the ETF and I like to call this move uh rotate the news where essentially um even before the ETFs were officially approved the day before we saw that the um sec’s Twitter account was compromised and someone sent out a fake approval

Tweet and BTC dumped and eth pumped on that so the market basically showed its hand and said hey you know when the ETFs are approved we’re all just going to rotate to eth because we’re now speculating on the eth ETFs which is the obviously the next major narrative and

That’s why you’ve seen go up so violently after lagging mind you like ebtc has been on a downtrend since June 2023 like a complete downtrend and now you’re seeing like the rotate the news as I called it uh playing out here uh which I think is is quite funny but not

Unexpected for me I I I have actually been calling for this for months on my own show where I basically said that you’re going to see The Narrative shift immediately because when the ETFs get approved there’s no longer a narrative to Pedal there’s no oh you know we’re

Waiting for the ETF to be approved well there isn’t for BTC but there is for e now so the narrative shifts there something odd happened when we got the official approval of the spot Bitcoin ETFs instead of Bitcoin rocketing up the Bitcoin price remained shoppy whilst ethereum shot upwards finishing the week

Up over 20% crypto expert Anthony Sano expects us to continue to play out all throughout the next crypto bull run with ethereum consistently outperforming Bitcoin Anthony Sano is an OG of the crypto space with over a decade of experience and having made tens of millions of in crypto in his latest

Interview he broke down why he believes ethereum is going to outperform in 2024 and it all comes down to Game Theory with the ethereum ETF deadlines coming up in May everyone knows what happened in the leadup to the Bitcoin ETF deadlines the Bitcoin price almost doubled as the ethereum deadline

Approaches more investors will be less willing to sell and other investors will get fomo make sure to stick around to the end of the video where Anthony breaks down why in his eyes that the ethereum ETF is essentially inevitable also guys if you want to stay most up to

Date in the crypto world I sent out a daily 5minute crypto newsletter that covers expert predictions onchain data breakdowns and breaking news all for free click the first link in the description enter your email and join Over 40,000 others in becoming a better crypto investor right now now here’s

Anthony Sano with his ethereum Outlook yeah I mean I think eth is going to perform quite well uh I think when you look at the eth BTC ratio it’s it’s definitely too early to tell um you these violent moves tend to happen as I said because there’s a those narratives

Going on there’s like this hot bowl of money that rotates between assets things like that but but you know if we look at history ether’s always outperformed BTC in a proper bull market proper uh new money bull market like I think over the last six months it’s really been

Existing money just rotating around uh especially flowing from BTC as it goes up you know that you have that wealth effect and people speculating in BTC are like well what else can I buy you know and we’ve seen some other assets outperform uh and I think that now going

Into the proper bull market Market which I think has basically started uh at the beginning of this year we’re going to see all that fresh money coming in now now of course a lot of it’s going to go into BTC via the ETF but that doesn’t really stop fresh money going into

Centralized exchanges like it usually has in other other bull markets so I think when it comes to eth e going to be a beneficiary of that for sure it’s going to be a beneficiary of the of the ETF narrative um but also what eth has

That BTC didn’t is now people get to see how much money these ETFs actually take in so if the BTC ETF takes in billi ions and billions of dollars what do you think people are going to speculate on they’re going to say well if BTC can do

That with the ETF why can’t eth do that and they’re going to try and front run that and basically like I’m not going to wait for billions of dollars to come into eth I’m going to buy now and then you’ve got obviously the normal bull market happening right now within crypto

Which will bring in more fresh money so yeah I think eth is going to have a fantastic 2024 what I find kind of funny about them being against these things is that they uh they being the SEC they have allowed other products to exist that are much worse for investors I’m

Not saying the ETF is bad for investors but they’ve allowed products to exist for a long time that are really bad for investors and to keep on topic here two of those products at gbtc and E those grayscale products and the two reasons why those products are horrible is one

They have a really high management fee for starters I think it was as high as 2% uh and two they’re a close-ended fund so you couldn’t actually redeem your gbtc for actual BTC which means that the thing never traded at really at fair value it always traded around fair value

And at one point it got to a discount of about 50% so if you had bought at around fair value even at a premium uh you were at down 50% and if you had sold that you were just wrecked on it so the SEC allowed this product to exist for a long

Time mind you it’s not a new product it’s been around for a long time a crew what $20 billion worth of AUM uh and then deny all the spot ETS because they considered it too risky the hypocrisy is insane to me around this and it really

Just bows down to politics I think at the end of the day especially from Gary G who obviously wants to get promoted within his um his kind of like a political sphere to probably Treasury and Elizabeth Warren is basically his boss so he’s just following what she’s

Telling him to do but because of the fact that the SEC has I mean they didn’t just lose against graycar they’ve lost two other cases as well they lost against Ripple as as we um as we know um but because they lost so many times they just became such an illegitimate

Institution in so many people’s eyes and they had all the pressure from Black Rock at L to get this thing approved so that’s what you’ve seen happen basically they they’ve been kicked in dragged Kicking and Screaming to approve these things their hands are tied and they had

To approve it yeah I mean I may be a bit biased here given that like I’m an eth me mega bull right as as everyone probably knows but I think that the chances are quite high of the uh the eth spot ETFs getting approved by that final

Deadline and the reason I think this is uh you know there’s various different reasons but a major reason is that they already approved the Futures ETF the Futures ETFs a little while ago now the reason why this is a big deal is because they the SEC lost the case the grayscale

Based on the fact that they had approved the BTC Futures ETFs but then denied the spot ETFs and the courts basically said to them hey why are you doing this like they’re basically the same product you can’t deny the spot ETFs and approve the Futures ones you have you basically have

To approve them both so because of that if they go ahead and deny the spot e ETFs now it opens them up to another lawsuit in which there’s already precedent set because of the grayscale win and they just would probably lose again so again it’s a really bad look

For the SEC it’s a bad look for G if he’s still I guess the chair by then I mean it probably will be it’s it’s uh it’s not likely he he kind of leaves this year but we’ll have to see how that plays out um but that is that is kind of

The major reason um and I think a second thing that a lot of people probably haven’t paid attention to that is very very important a few months ago I would say maybe coming up on six months ago the SEC changed their tune towards eth they stopped calling eth the security

Like Gary gel stopped making comments about eth fer security the stopped making comments about this and they stopped saying that all crypto assets except BTC are a security they basically said that most crypto assets are securities so now they leave themselves open to oh okay we can say most are

Securities but like there’s these ones here that aren’t I notic that change I noticed that change in language it was it was it was a pretty pretty substantial change in language there which basically to me means that they’re not even going to try and kind of go

After eth uh as for being a security or or whatever they want to want to do there especially in the in the in the light of the fact they lost against Ripple in quarters so given those kind of reasons as well as the fact that we

Just got the BTC spot ETF be approved given the fact that black rock has also filed for an e spot ETF I think the chances of them being approved by that deadline in May are quite High because the products themselves are are just the

Same as a BTC ETF it’s not a staked e ETF the the product itself is the exact same as a btcf it will probably use the same custodians it will have probably similar fees so all these issues have to do is copy paste and all those

Amendments that they had to do with the SEC they’ve already done them for BTC so now it becomes a very easy kind of okay we can we can approve the eth ones uh it’s basically the same thing as BTC uh and yeah so that’s why I give it like a

Relatively High chance of happening I think that Eric balunis who you mentioned I think that him and James give it like a 70% chance or something like that by may I would say that that’s where I’m at right now but I don’t know my the the eth bull inside me uh thinks

It’s higher I think but I think based on my comments that I just made and reasoning I just gave it seems like a pretty good chance so there’s Anthony Sano a season better in in the crypto realm on ethereum’s potential to outshine Bitcoin in the upcoming Bull

Run sano’s insights rooted in a decade of experience and significant success in the cryptocurrency market underscore the intricate dance of Game Theory and market dynamics his prediction of ethereum’s performance especially in light of the approaching ethereum ETF deadlines pain a vivid picture of a market teering on the brink of bomo and

Strategic investment moves if you’re keen on staying ahead in this fast-paced market remember to subscribe to my daily 5-minute crypto newsletter it’s your ticket to expert predictions comprehensive onchain data analysis and the latest news in the crypto sphere anyway guys hope you all enjoyed today’s video and that provided you with some

Value I’ll see you all in the next one and as always all the best