THESE ETFs ARE DUMPING BITCOIN!

THESE ETFs ARE DUMPING BITCOIN!

how’s it going everyone it’s Sam we just
had a big dump a couple companies sold a
significant amount of Bitcoin that the
ETFs but there are some people buying it
I I want to explain what’s happening in
the market some of the big news here
today that you need to know if you don’t
mind hit subscribe turn on the Bell
notification underneath the video so you
can see future videos just like this
there’s also going to be a link
underneath the video to Marx in case you
want to start trading cryptocurrency you
can use Marx there’s no kyc which me you
can set it up in just a few minutes and
start trading there’s also a link
underneath the video to blof fin where
you can also trade cryptocurrencies you
can trade a lot more over at blof fin
than you can at Marx if you want to
trade some lower caps uh there’s a link
to blof fin as well underneath the video
now let’s first go
through the ETF flows so this is from
425 we had you know maybe a little bit
smaller volume than usual with I bit
under billion gbtc under 500 million
fbtc right around 300 million let’s
scroll down gbtc had 140 million dollar
worth of outflows so a pretty decent
size outflow day ibit had zero for the
day bitb had a $6 million outflow Ark B
$31 million outflow and fbtc with the
first ever outflow of 23
million so we’re seeing some of the
accumulator start to sell
now overall that led to $197 Million
worth of
outflows even without gbtc it would have
been $58 million so you know some of the
bull arguments where people are saying
no it’s only gbtc once gbtc is done then
there’s going to be no net selling if
anyone’s saying that they’re wrong
because today uh or yesterday we would
have actually had a net outflow
anyways but I’m not trying to be overly
bearish right at the end of the day we
knew that these were retail buyers
especially now right these are not
people that being told by their
financial advisers that they need a 2%
waiting towards Bitcoin now these are
retail investors that have access to
ETFs now maybe they want to sell options
at some point in the future maybe they
sold Bitcoin and just want someone else
to self custody maybe they were in gbtc
and they’re getting into something else
but some of these are swing Traders some
of them are short-term investors some of
them do get freaked out by the market
this opens up a whole new pool of
capital right it opens up I don’t know
Millions tens of millions of people to
be able to buy Bitcoin but after they
buy it they can sell it so keep that in
mind that it’s not up only it’s not only
going to be inflows right we’re going to
have some outflows but overall the
inflows are going to far surpass the
outflows we just have to know that
overall right one thing thing to
consider is even though the ETFs are
selling right now the price of bitcoin’s
actually moved up since the beginning of
the trading day yesterday so yeah
there’s $200 million worth of bitcoin
being sold but someone’s buying more
than that because the price is moving up
so don’t get too hard on yourselves
we’re just seeing the very transparent
whales which are the ETFs uh selling but
there are obviously other people buying
right now uh so overall uh pretty bad
day from the
ETFs but you know this might be a buying
opportunity if you are someone that
wants to buy uh and allocate a little
bit more towards crypto I made a video
earlier this week saying basically I
bought a lot of Bitcoin now I’m just
sitting in my hands waiting for the bull
market to ensue a lot of people did not
like that a lot of people think that I’m
bearish on crypto now that’s not the
case I hope we go up significantly right
uh and I think that’s going to be the
case in the future but we do have
the SEC coming after crypto again uh
coin census is also going after the SEC
coin census sues SEC over unlawful
seizure of authority over ethereum by
offering their metamask wallet software
the SEC says Quin sensus or consensus uh
is acting as an unregistered Securities
broker so ethereum developer consensus
filed the lawsuit against the SEC
striking back against the company uh
against what the company calls an
unlawful seizure of authority over
ethereum by the federal regulator the
company wants a Federal Court to declare
eth is not a security any investigation
of consensus based on the idea that eth
is a security would violate the
company’s Fifth Amendment rights in the
administrative procedures act that
metamask is not a broker dealer or not a
broker under federal law that metamask
staking service does not violate
Securities uh law and an injunction
against SEC investigating or bringing an
enforcement action tied to metamask
swaps or staking functions so SEC
continues to go after companies I
believe they gave metamask uh company
consensus a Wells notice recently I
could be wrong on that but if I remember
right they did so SEC continues to pick
fights and now crypto companies that
have made a lot of money are starting to
fight back overall hopefully we can get
some more clarity but this could be a
lengthy battle just like a lot of the
battles with the SEC aren’t you glad
that they’re working for you trying to
keep you safe it’s unbelievable FBI
warns Americans against non kyc Bitcoin
and CR and crypto money transmitting
Services yeah so another another
government entity trying to help you out
okay let’s move on to some better news a
Japanese public company metap Planet
just bought
97.85% 1 billion yen or about $6.3
million we knew this was coming too this
was from two weeks ago Japanese public
company metap planet is purchasing 6.5
million in Bitcoin for its corporate
treasury I’m guessing this is that uh
purchase more companies out there are
going to continue to buy Bitcoin we’ve
seen a ton of small companies recently
like a handful of butchers specifically
are buying uh are buying Bitcoin for
their corporate treasury so kind of cool
to see that happen and I actually made a
video talking about how I’m doing that
for my rental property if you haven’t
seen that video you can go check it out
but I I talk about how it makes much
more sense and how actually the Bitcoin
could be worth a significant amount
maybe even more than the rental property
by the time that the rental is paid off
so uh yeah it’s kind of crazy when you
break down the numbers how crazy the
appreciation could be on Bitcoin
now kind of moving away from crypto for
a second Google Google had earnings last
night and we have more earnings next
weeks uh next week for other companies
like Amazon but they’re up 9.16% today
this is now my largest holding this
along with Tesla where the companies I
accumulated the most during the bare
Market I I guess actually I I should
throw Amazon in that boat too cuz I
bought a significant amount of all three
of these companies more than anything
else by far uh in stock
I bought more Bitcoin than these
companies but Google had an unbelievable
earnings last night you can actually see
it here and we’ll get back to crypto
here in a second something big that
happened but it jumped significantly
they had record Revenue no sorry not
record Revenue um yes they had record
Revenue not record cash flow so their
cash flow actually did go down about 50%
because they spent a significant amount
towards capex they actually like doubl
their capex but they had record revenue
and this this is impressive too because
usually the fourth quarter is the best
quarter
for uh for advertising companies but
they had a growth of 24% since last year
at this time uh record EPS oh right
about record net income yeah record net
income they bought shares back and
they’re instituting a dividend now I I
don’t talk about stocks too much on the
channel I used to more if you want me to
let me know in the comment section I
know some people whenever I talk about
stocks say yes we want more stocks but
there just aren’t as many people that
want them I could go into more of an
in-depth analysis about stocks like this
and give you more my perspective but if
you want to know exactly when I’m buying
and selling there is a link to the
patreon underneath the video uh there is
also a link to Twitter Sometimes I cover
that stuff there I’m also running a
giveaway there in case you want want to
win some free money okay last thing I
covered this in the video last night but
some people didn’t watch it stripe is
going to start supporting Global stable
coin payments this summer this is going
to instantly settle on chain and
automatically convert to Fiat so they’ve
done this before but this is quite
impressive let me play this clip for you
this a little preview Patrick’s not the
only one who can leak things
um this is uh the strip checkout you
know and love and you know it’s got all
the cool functionality like again a big
one for us is localization where it
looks different you know you see here um
depending on where the customer is
coming from it’ll give them that really
nice high converting localized
experience but you know what’s this new
functionality over here on the right uh
we can pay with crypto so we’ll tap pay
here we’ll go to a confirmation screen
and so did I actually ah we’re on
hyperian the Ghost of Christmas Past um
so uh this is our confirmation page you
know we passed in the email address for
the checkout here we’re selecting what
chain we want to pay with we’re going to
pay with salana so salana or ethereum
are the two chains here we’re selecting
you know wallet we want to use you know
we could use coinbase wallet or metam
Mouse I’m going to use Phantom for the
purposes of this demo so when I pay here
it’s going to bring up some UI from
Phantom which is uh the crypto wallet
that we’re using so this is the Phantom
UI here this is not stripe UI and you
see here we’re confirming okay just
let’s pause on that for a second Network
fee .37
we’re talking about a third of a penny
for a $100 fee that’s so much lower than
anything else out there let’s continue
most like credit card companies would
charge $2 or
$3 and yeah if you charge $3 that’s 100
times no 1,000 times more expensive than
using salana right now uh you know we’re
going to pay with salana the network fee
very cheap you know as we discussed um
Network fees is coming down $99 now
again you’re probably used to a crypto
transaction You’re Expecting uh you know
me to bring out another guest here and
you know we’ll do a 8 Minute uh conver
conversation while we wait for the
transaction to clear but that is old
crypto are you ready for the new crypto
world you have to look very closely and
not blink
ready oh that’s happen that’s it we’re
done
and that that confirmation page was not
like this has been in a queue you know
we’re going to now go do something it
has now been posted to the blockchain
already and so if I go into my Phantom
wallet here and go into the Explorer you
see here sent at 958 uh today we can
view on the salana
Explorer um this is uh I think the
Explorer just loading is on the
blockchain here we go this is so you can
go to this URL yourself if you are Eagle
eyed and see this is a real poster
transaction to salana chain similarly we
can view it in the stripe dashboard so
if we click in here to our 958 a.m.
payment you see here we’ve made a
payment with crypto and again stripe
handles everything for you you just got
$98 into your bank account um but that
is crypto coming back to
stripe okay so think about that for a
second instant finality it doesn’t have
to go through credit card companies for
a few days to get finalized no you get
paid right away now why would stripe do
this well I mean and first of all
they’re the only ones that touch it
right they’re the only ones that get
fees it’s also cheaper but they still
get a fat chunk I mean take a look at
that 99 C fee so basically it’s it’s a
1%
fee right it’s a 1% fee that they get
instead of
3% let me go back to the end screen here
uh it’s a 1% fee instead of 3% for the
customers so quite cheap but
but they still get 1% at the end of the
day but there’s instant finality too so
stripe can offer it and say Hey you can
cut down your fees
66% everything’s going to be one3 as
expensive we’re the only ones getting
the fee and you can also get it
instantly that’s pretty attractive now
is everyone going to flock to use crypto
or are people going to flock to use
crypto not
necessarily uh but
what if some of these companies start
offering incentives to use crypto so
let’s say instead of charging an extra
3% for credit cards or maybe they don’t
even charge extra right now right maybe
they just say okay you can pay with
credit card or you can get one% off your
order for using crypto maybe even 2% so
if they say you get 2% off your order by
using crypto they don’t actually gain
anything except for instant finality but
they don’t actually they don’t get the
trans action for cheaper or they don’t
uh they don’t make any more money but
they can start teaching people to use
crypto so maybe they just ask people to
use salana right give 2% back it makes
people want to start setting up a salana
wallet which can be pretty easily uh
pretty pretty easily done they bring
more people into crypto and then you
know after a year they say 1.5% or 1% uh
you can save 1% by using salana and then
event they move it down to like 0.25
something that shows hey you can still
use salana for cheaper U or will make it
cheaper to use salana but they still
make a good amount from people using
salana instead of using a credit card
maybe they say hey we’re always going to
give 2% off to people that use salana so
the fees are the same but we get paid
instantly that’s coming from the small
business perspective so really
interesting there maybe I’ll even chop
that up into its own video but
yeah stripe is making waves with this
like there are a lot of people that are
going to be onboarded to crypto they’re
going to look at it and say why would I
not use crypto it’s much cheaper it’s
much cheaper it’s final right I get paid
right away I don’t have to wait there
are no inventory issues you know there
are a lot of use cases or a lot of
reasons why someone would want crypto
specifically instead of using a credit
card company maybe it gets decline too
right uh this way they know instantly if
they should sell a product if they
should give access to a product um all
that kind of thing right let me know
your thoughts on this though underneath
the
video again this is much bigger than
something like strike right or Jack M’s
company stripe is massive one of the
biggest companies in payments in the
world so them onboarding crypto it’s
huge let me know your thoughts though
again you can check out the links to
Marx and to blof fin underneath the
video in case you want to start trading
cryptocurrency thank you so much I’ll
see you in the next one bye

Try Margex to long or short crypto! NO KYC. Make a deposit THEN use code: MFF20 to get a 20% bonus on deposits, up to $10k to be used to cover up to 50% of fees for 2 weeks! 💰
https://margex.com/?rid=26303238

Sign up to Blofin now and level-up your trading with massive deposit and trading bonuses! With over 270 trading pairs and no KYC, Blofin is where whales are made 🐳 PLUS 20% FEE DISCOUNT WITH MY LINK!
https://blofin.com/register?referral_code=7uPCgR

CHECK OUT COINW! Spot or leverage trade with no KYC! CoinW is Dubai based and has been around since 2017! Start trading to get up a $30k bonus! (NEW BONUS OF $50 WHEN YOU DEPOSIT $100 OR MORE AND MAKE A FUTURES TRADE!) 🚨
https://bit.ly/My-Financial-Friend

You can also join our FREE trading group below! (Partnered with CoinW)
https://t.me/+-Tyr0_Uiu6kwYTc0

Get the best indicator on the market below! Right now it’s 20% off!

Home | My Financial Friend

USE BYDFI BELOW! Limited time offer! Deposit & trade to get a total of a $8698 USDT bonus! Trade Book Of Meme here!
https://www.bydfi.com/en/register?ru=kxzeKg

Do you need help with your crypto taxes? I have the thing for you! 👇 We manually comb through each wallet you send us, calculate gas fees, airdrops, rugpulls, profits and more to make sure you ACTUALLY calculate your taxes correctly. Many clients have SAVED money from this. Promo code: TAX2023 for 15% off!

Main Home Page – My Financial Friend

CHECK OUT HGAaccess!
https://www.patreon.com/HGAccess/posts

Try Helium Mobile to get unlimited Data for $20/month! Click the link below and signup using code MYFINANCIALFRIEND to be a free month for free. NO CONTRACT. T&C below.
https://www.hellohelium.com

Want to know exactly what I’m buying in stocks/crypto right when I buy? Get every buy/sell I make in real time and get updates on the market!
https://www.patreon.com/myfinancialfriend

Follow me on twitter!
Tweets by MyFinancialFri

Get early access to THE BEST portfolio tracker out there! I built this because I couldn’t get what I needed anywhere else as a crypto investor.
Pre-Register today.
https://bagtrackerai.com

I LOVE M1 Finance for investing and savings! Deposit on M1 Finance, grow your account, and we both get some bonus $!
https://m1.finance/StN8FiCJF7Eh

Get $30 off of TradingView!
https://www.tradingview.com/?aff_id=114569

Sign up for Seeking Alpha below and get 59% off your first year!
https://www.sahg6dtr.com/DD2WZS/R74QP/

Check Out My Second Channel!
https://www.youtube.com/channel/UCrXuLCYFr9o4_OHCLU0jWEg

Check me out on instagram!
https://www.instagram.com/myfinancialfriendofficial/

Paid advertisement. Data is unlimited but speeds may be slowed after 30GB usage per billing cycle. Additional taxes and fees apply. See terms and conditions
https://hellohelium.com/plan-terms-and-conditions

Please LIKE, COMMENT, and SUBSCRIBE for more!

Nothing I say is meant to be taken as legal, tax or investing advice. For entertainment purposes only. Some of the assets I talk about are assets I own. I’m not telling you to buy them.

#myfinancialfriend #crypto #stocks #bitcoin #ethereum #cardano #cryptocurrency #stockmarket #rich #tesla

Music: https://www.youtube.com/channel/UCOmy8wuTpC95lefU5d1dt2Q

Some of the links above are for affiliates. I may receive a commission for you signing up for the platform.

Therre are about 150 comments about some SPAM crypto. I spent 15 minutes deleting them already but they keep coming. PLEASE don’t fall for any of these comments.

For any business partnerships please reach out to the email below.
MyFinancialFriend23@Gmail.com