INCREDIBLY HUGE NEWS, This Happens To Bitcoin in LESS THAN A WEEK, HUGE Inflows Coming SOON

INCREDIBLY HUGE NEWS, This Happens To Bitcoin in LESS THAN A WEEK, HUGE Inflows Coming SOON

Hello everybody welcome back to the
channel where we talk about stuff in
incredible news I’m not really sure how
else to really uh put this we have
collectively lived in a situation where
um and I say this from the perspective
of having the news constantly be about
the US SEC who has taken more now than
11 years
to give any kind of uh proper
cryptocurrency regulation which the US
still doesn’t have uh one of the you
know I I tip my hat to thee uh greatest
places that we’ve continued to hear
about has been Hong Kong uh we heard
about them for the first I mean we know
what Hong Kong is but for the first time
within the cryptocurrency space about a
year and a half ago just about this
point and a lot of the excitement had
been had been that people from China
would be able to potentially go to Hong
Kong and simply do business there
instead for those of you who do not know
uh crypto is not banned in China it is
day trading that’s banned and it’s also
using it as a form of currency so you
cannot buy things with it but you can
hold it and you can mine it in certain
situations if you have government
approval but you can buy Bitcoin you can
hold it you can look at it and then when
the price goes up you have to go to like
an overthe counter kind of place and
basically like resell it back to them
they give you the local currency and
then you can spend how you wish in Hong
Kong it’s different it’s basically there
are cafes and restaurants that say like
we accept Bitcoin you can day trade
Bitcoin so one of the ideas was that if
Hong Kong was opening their doors to the
cryptocurrency space then people from
China might also have some chance with
it as well we heard that they were going
to have cryptocurrency regulations they
ended up making them in like three and a
half months which blew my mind cuz I was
like what Regulators regulating so also
during like a really weird time with the
secc was also throwing out lawsuits at
every single cryptocurrency exchange and
then we recently heard about the um oh
gosh what was it this was like three
also three months ago after the United
States got the spot Bitcoin
ETFs we began to hear rumors that
apparently Hong Kong was going to do the
same
in lo and behold fashion yeah Hong Kong
announced this was two or 3 weeks ago
that they were working on the process of
being able to allow ETFs to also Bitcoin
and cryptocurrency ETFs to also launch
within Hong Kong the really weird part
is that they approved it yeah so like it
didn’t take 10 years like it took the
SEC in the US to do it took these people
like 6 weeks maximum and then we got
news about 2 weeks ago from the time of
me making this video that they had been
approved and they were going to launch
Bitcoin ETFs and now it looks like we
have an actual date which a lot of
people are quite excited about it is the
30th of April they are going to begin
trading uh originally the news was and
it was incorrect that these were going
to be future
ETFs Argo they were going to be based
off of Bitcoin but they were going to be
denominated in the local currency and
then we heard that that was also a lie
that that they were actually going to be
spot ETFs they that means that the
company who is issuing the ETF is
actually going to be buying physical
Bitcoin the same exact way that black
rock and Fidelity do for their ETFs and
that is how the shares of the ETF would
actually be issued and then we heard cuz
it only gets better the ETFs from Hong
Kong are actually going to be I think
the term is in kind
yes in kind there’s in kind and in cash
the United States because of the US SEC
has in cash so in essence when you sell
your cryptocurrency Bitcoin from your
ETF or you sell shares that was
difficult to say sell shares of your uh
shares from the ETF you get cash back in
Hong Kong they have in kind so you sell
it for the same kind of thing thing that
you sold it for so if you in Hong Kong
are buying Bitcoin ETF shares and you
sell some of your shares you get them
back in
Bitcoin isn’t that crazy to think about
because that’s what the entire thing is
basically about if the company issuing
them is buying Bitcoin and you are
buying shares in Bitcoin essentially
would you or should you not then just
simply also be getting it in uh Bitcoin
as well and they are the excitement for
those of you who do not know or may
Simply Be unaware is that the Asian
market is gigantus not a word but it
makes sense in this context because
we’ve seen before that the Asian market
through other Cycles in the
cryptocurrency space has fared
extremely well if you watch my other
channel where I go over Daily
cryptocurrency News called the modern
investor we
just I mean like two and a half days ago
just had news
that South Korea
alone just South Korea
outpaced
all US dollar trades around the world
during the first three months of the
year did you understand what I said of
all the US dollar trading around the
world for cryptocurrency in US Dollars
that includes the United States of
America South Korea alone outpace them
just in their local currency Asia’s
quite big on crypto and I think a lot of
the know I know as I go over Daily News
I know that people don’t pay attention
to them because you’ve constantly been
giving the narrative that everything
that happens in the states is far more
important have I got news for you the
premium in price in South Korea for
Bitcoin is is always staggering there’s
always it always costs more to buy
Bitcoin in South Korea the trading in
Japan is also people in Japan love
crypto they love Bitcoin they’re always
buying it a lot of people assumed that
Bitcoin was banned in China and I’ve
been telling you or trying to tell
people for a while no it’s not banned
people are still buying it over the
counter that we can see the actual
trading volume from China A lot of times
as like we can see the the the people
who are mining Bitcoin in ch in China
like we can see their percentage of the
actual hash rate so now we have the
situation where Hong Kong um
a place that
is you as far as I can tell from
documentaries you are either excessive
wealthy or you’re on the complete
opposite end is now going to allow
cryptocurrency trading as well and the
news that we’ve received is that
apparently this will allow access for
other countries in Asia who also want to
deal and or Buy in securitized versions
of Bitcoin they’ll be able to get their
uh ETFs from Hong Kong quite exciting
times um I continuously need to make
sure that people understand that crypto
is global a lot of the news even the
last week 10 days or so has has has
gravitated
towards bitcoin’s having is done
bitcoin’s pric is going down no one’s
paying attention to bitcoin grayscale
did this to bitcoin the inflows to the
ETFs was oneth what they were and this
kind of really weird thing the inflows
into the ETFs have
still taken away all the Bitcoin that’s
mined per day and keeping in mind got to
got to repeat it those are
just the ETFs within the United States
there’s also ETFs in Canada ETFs across
Europe for cryptocurrencies as well and
now we’re getting the the actual spot in
kind within Hong Kong and Asia as well
and also a another gigantic surprise uh
they’re also launching in Hong Kong spot
ethereum
ETFs as it stands right now it’s not
looking too hot for the US getting
ethereum ETFs but guess who else is
getting them every other country in the
world who wants them so while the
narrative continues to be that things
aren’t going swimmingly because Bitcoin
fell down by 4% oh wo is us and I’m like
you understand that besides Black Rock
and Fidelity buying up more than all the
Bitcoin that’s mind per day you have
tens of thousands of other people if not
and I say tens of thousands as a
conservative number who are buying tons
of Bitcoin while people in the US are
told to sleep on
it yeah kind of weird right so when
these spottin kind Bitcoin and ethereum
ETFs launch within Hong Kong on the 30th
of April I give it by like the 4th or
the 5th of May we’re probably going to
see a large amount of news about how
much money is flowing into these ETFs
how much Bitcoin the ETF holders and
stuff are buying and things like that
and then the way that it usually ends up
working out out is that we’re going to
hear about other companies who also get
into the space as well cuz I
believe three companies have been given
the go-ahead to to be able to do this
and if just logically if this is any
indication of how Hong Kong is going to
be doing business we can assumption that
by December there will probably be
around nine companies who also have the
go-ahead keep keeping in mind it took
them six weeks to approve three
companies so you know money don’t I I I
don’t for the life of me understand uh
what what is the word what the US SEC is
doing but uh yeah just know that
accumulation continues prices are down
prices are up rich people don’t care cuz
they’re going to continue buying we’re
going to see a massive you you know
whatever I don’t have to say anymore
basically all the Bitcoin that that that
that that would be there is being
gobbled up every single day so just make
sure to keep that in the back of your
mind when you hear uh Peter Schiff or
Jamie Diamond talking about bitcoin’s
terrible they know what numbers are they
they they know people are buying any
that’s going to do it for this video I
do hope that you’ve all enjoyed there’s
going to be a link in the description
below for those of you who would like to
read the article thank you all once
again for watching listening liking
commenting and supporting and I will
most certainly be talking to you all
soon see you

Well friends, welcome back to another edition of… people asked for it and they actually got it without having to wait 10 years for the US SEC. It looks like Bitcoin is about to be turned upside down as THREE more major companies have been given the go ahead to accumulate Bitcoin…AND Ethereum as well. The issue? This will allow literally over 1 billion people access to the Bitcoin market, and people in the “west” have no idea whats about to happen.

Article: https://coingape.com/hong-kong-spot-bitcoin-etf-ethereum-etf-to-start-trading-on-april-30/
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