BLACKROCK IS DESTROYING BITCOIN RECORDS! (AND HOW VANGUARD F*CKED THEMSELVES)

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How’s it going everyone it’s Sam something nuts just happened and honestly I heads are going to roll over at Vanguard uh the the volume that just came in for the Black Rock ETF is absolutely insane absolutely insane and I want to compare it to vo which is seeing similar volumes today

But the amount of money black rock is making from today’s volume is literally 50x what Vanguard is going to make this is absolutely nuts I haven’t seen people talking about this I’ve mentioned it a couple times I’ve talked about why why so many institutions want to sell

Bitcoin ETFs the facts are just insane I want to go through this I also want to talk about why bitcoin’s moving up and I want to explain why this is bound to keep on happening this this upwards movement in price is bound to continue happening and how cool is it now that we

Can say that Bitcoins in the mid $50,000 range not low $50,000 mid $50,000 as I’ve said over the last few videos do like just don’t lose focus when we have those moments those weeks where we just stay stagnant that’s a time to accumulate and that’s why I’ve

Been saying over the last couple weeks but let’s get into what’s happening today if you don’t mind hit subscribe turn on the Bell notification underneath the video so you can see future videos like this as soon as I post them and I will continue posting them I think most

People when they see this like most influencers would just sit back on their hands cuz right now I have a video that I post a few hours ago I think it’s a good video still and it’s getting really good views for my channel it’s uh it’s

Performing better than any of my last 10 videos but uh a lot of people would just sit in their hands cuz they don’t want to make another video cuz then that will cannibalize those views I don’t care I’m going to make a video because there is

News in the market I’m bringing it to you we had this big move up again from 53,6 all the way up to the $54,000 range and we have some news about Bitcoin ETFs um I will say right off the bat obviously I’m bullish on bitcoin I have

Been adding to some Bitcoin long so I posted in the patreon last week that I was adding some to my Bitcoin long and it did nothing it did nothing it did nothing and then all of a sudden boom spiked up we went up $3,000 there is a

Link underneath the video if you want to try out Marx or blof fin as well both are the two exchanges I really like to use for crypto trading uh you can try those out there’s no VPN that you need to use better way to say that you don’t

Need a VPN you don’t need a kyc either uh as you can see here too very bullish moves right I I talked about this in the video this morning we could see a big move up and then we just saw a big move up yeah just spiking up

Also you can see HG algo just throwing those bullish momentum indicators and yeah very bullish move after that first bullish momentum and then it said a couple more times there’s still bullish momentum and then another big move there’s link to H algo underneath the F

If you haven’t tried it try it out now Bitcoin is moving up obviously alts are moving up we’re at a pretty significant level right we’re if you look at coin market cap it says just under $2 trillion in market cap if you look over at coin gecko it will say more than that

Let’s see if I reload the page sometimes coin market cap shows at like negative 5 uh negative. 53% but we’re actually up like 4% on the day or something like that yeah 2.08 TR ion how nice is that that’s a nice number now there are a couple reasons we’re moving up I think

Two main reasons first of all we’re seeing massive volumes for the B the Bitcoin spot ETFs this is as of um 2:00 p.m. eastern time so 45 minutes ago from the time of this recording record volumes from the ETFs fbtc and Beto ibit also high high volume uh they’re

Saying then like what is that 20 minutes later that had another just in 20 minutes it had 70 million in volume and then 20 minutes after that it had another 130 million in volume I mean what we’ve seen is mostly buying when we’ve seen volume in these ETFs so think

About that someone could have just bought 130 million do worth of bitcoin over about 20 minutes that’s nuts like the the Buy from these ETFs is crazy and of course there is high volume at gbtc so it’s going to be really really interesting to see how these all shake out tomorrow

Like what the actual net inflows are I would not be surprised though if it’s a record day or close to a record day in just a quick update after filming this video I got the confirmation that ibit Hits 1 billion in volume this is an hour and 20 minutes before the market closes

And the S&P 500 from Vanguard was at 1.09 billion so I mean ibit is within 10% of vanguard’s Flagship ETF let’s see if they have anything else that’s above that no so Vanguard uh I believe their best performing ETF in terms of volume today is vo the S&P 500

Index one Bitcoin ETF is within 10% of that and Vanguard did not want their clients to buy the Bitcoin ETF they weren’t in the running to get a Bitcoin ETF I bet you they’re having some conversations there right their Flagship ETF that everyone talks about when they

Talk about investing in the S&P 500 most people talk about vo there are some other ones too but that’s like one of the top two options uh if you want to buy S&P 500 they’ve been working on that for a long time that’s what they push out to

Clients ibit black rocks ETF is doing the same volume pretty much the same volume as that which means they’re making five times the fees today I mean I if I remember right I bit about 2% and vo is 0.4% so if they have that amount of

Inflows if they had the same amount of inflows on that volume which isn’t the case right vo is being traded up and down it’s pretty much a sideways day for the S&P 500 so they didn’t really grow in AUM but let’s let’s be generous and

Say that they got a billion in a and black rock got a billion in a Black Rock just made five times the fees that vo did or that Vanguard did like there’s there’s going to be some conversation some people are probably going to get in trouble some people are going to change

Change their minds on bitcoin at some point I’ve already heard from multiple people that they moved from Vanguard to Fidelity so that they could buy the ET ETFs like that is crazy when you start putting it in more business terms like the fact that Vanguard doesn’t offer

This is stupid it’s just stupid for the business now maybe they think there’s more there’s more of a downside to it than uh an upside but again keep in mind that the vo is probably just a wash trade today not really gaining any in AUM maybe slightly maybe maybe they grow

A hundred million in AUM from the trading today if they’re lucky right 0.4% fees but iit’s probably going to grow a billion in AUM or close to it a billion in a in AUM just today 10 times the AUM and five times the fee per the a so they’re

They’re what they’re going to make from today is 50x what Vanguard just made from voo think about that that’s nuts okay so let me let me get back into the content another thing that’s causing bitcoin’s price to go up is Bitcoin liquidations are quite high you can see here in the

Last 24 hours $82 Million worth of bitcoin liquidated most of which are short sellers 72 million that’s that’s a lot so when that happens they have to cover that pushes up the price Long’s liquidated 10 million so uh one nice thing about leveraging is if you leverage long and

There are short liquidations it can wipe out shorts and then cause the price to go up pretty quickly uh and yeah everyone makes money that way now of course you can have the opposite happen as well where we see short liquidations and then you can see um or long

Liquidations and then you can see a lot of Longs being liquidated obviously losing their money completely that’s always a risk you have to be willing to take if you are leveraging so we have record volumes for the ETFs which probably will cause more buying in the following days that doesn’t happen right

Away right when there’s volume that happens days after we we have a bunch of shorts being liquidated crypto stocks are running up this is something I talked about in my last video like obviously there are people that want to get in that can’t get in right now clean spark being up

27% a day is not normal when bitcoin’s up 5% I mean it usually trades at a nice multiple but this was up 12% before Bitcoin even moved this morning and now now it’s up 27% a lot of a lot of crypto relay stocks moving up EXP ially even

Before Bitcoin started to move up today which is why I talked about in the last video like hey there are people that are buying these because they can’t buy a Bitcoin ETF set they need to get it approved and something I just think is really interesting uh Alex Becker says

There simply isn’t enough Bitcoin left there simply isn’t enough Bitcoin left there simply is not now let me tell you why we’re going to keep moving up right let’s say I’m a central banker and and maybe uh maybe my currency hasn’t done that well over the last couple years maybe there’s been

High inflation maybe our econom is not great but I can print my own money now what would I do if I could print my own money what would I do well I probably want to buy an asset that’s scarce so I’m a central Banker you’re just a Bitcoin investor right you’re taking

Profits now at 54,000 I go to you and say hey I have this money I just made it I just printed it it’s a million dollar I will buy your Bitcoin off you you say okay great you know we’ve moved up a little bit I’ll give I’ll sell you my 20

Bitcoin I say Okay that was that was easy well I know you have some Bitcoin left right so I just printed another $3 million right oh sweet okay well I’ll give you my other Bitcoin okay then I come back you don’t have any Bitcoin left but hey

I just printed a billion dollars I better go buy some more Bitcoin right oh wait let’s make this a billion here and then two billion here okay boom another two billion right so this can continue to happen governments can print their money and then buy a scarce asset and they

Don’t care the price that they pay for it of course they do a little bit but they can print something infinitely and buy something scarce so what are they going to do some entities are going to do this behind the scenes now it’s not like every country

Is out there buying Bitcoin it’s not like the US government’s printing billions of dollars to probably buy Bitcoin right now but there are some entities that’re doing I guarantee it there are also some companies that can get infinitely more Capital right you think about this like micro strategy

They continue to get more debt they continue to sell some shares and buy more Bitcoin so they can continue to buy a scarce asset which force es the price up and when the price goes up they can borrow more against their business and they can buy more of that underlying

Asset which forces the price up and so on we’re also moving to a time that we’ll probably have lower rates so more people are interested in that more people are investing risk on anyways that’s why the price will continue to go up they’re also just there aren’t uh enough Bitcoin to go

Around for everyone that wants it that’s not even leveraging or printing their own cash right there’s not enough to go around for those people but you start adding other things in there like it is the scarcest asset it’s the perfect time for this to go up in price and it’s

Going up and people want it more and more and as more and more people want it the price goes up and as more as the price goes up more and more people want it and it’s a fulfilling cycle like this is going to be crazy I know I talk about

Bitcoin a lot I bore some people with it I bore some people with my ti raides about how there’s not enough Bitcoin to go around but it’s true I need to keep on pounding the table on this because it is so important if you can get an

Allocation to Bitcoin now if you could have if you had done it even just a week ago a couple days ago if you had done it a month ago like it over the last year and a half any time that you could have bought Bitcoin was a good time to be buy

A good a good time to be buying right and usually it paid off within a couple weeks a month a couple months but some people are coming in right now and they have to know that if you don’t have an allocation you probably want an allocation to this even

Though it’s moving up like I helped my family by I helped my parents buy I helped my in-laws buy right before the ETFs and I told them hey it might go down after the ETFs are approved it might go down shortterm but long term this is really bullish so they

Weathered that gain uh that they weathered that gain and then loss right that uh volatility from they bought like in the low 40s and even mid-40s we went up to 48 then we went down and I had to explain why it it went down and then we

Went and I just said you know you should hold if you have money you should dollar cost average more and I set someone up I set uh my parents up to buy consistently like they don’t have to look at it they just buy some of the ETF every single week

So they’re going to be people that do that too like people like me that set up their parents to buy the ETF every week that’s buying pressure that’s crazy uh so that’s going to be really powerful let me know your thoughts on this underneath the video again hit subscribe

If you want to see future videos like this I I don’t care if I have performing uh videos that are performing well as long as there’s stuff to talk about I’m going to bring it updated videos because that is the most important thing is to make sure that you know what’s happening

In the crypto space CU not everyone can just go through Twitter again there’s a link underneath the video to marju or to HG algo if you want to try out some really powerful tools some really uh some tools that can be really beneficial during the bull market check those out

Underneath the video I appreciate it I will see you in the next the next