GARY GENSLER JUST GAVE CRYPTO 12 HOURS! (HE’S SPEAKING ABOUT BITCOIN!)

GARY GENSLER JUST GAVE CRYPTO 12 HOURS! (HE’S SPEAKING ABOUT BITCOIN!)

how’s it going everyone it’s Sam Gary gendler just said he’s doing something in about 12 hours uh he’s giving us 12 hours I know how much people love when I give hourly uh updates here but he do he did say here today that he is going to be going on TV in about 12 hours I want to talk about that talk about the Bitcoin price chart cuz something interesting is forming and we also have news from the ETFs we had a really interesting day here today if you don’t mind hit subscribe turn on the Bell notification underneath the video so you can see future videos just like this stay through to the end of the video too because going to be talking about a few other interesting things that are outside of what I just talked about and you don’t want to miss it also there’s going to be a link underneath the video to Marx in case you want to trade cryptocurrency using leverage there’s a link this is powered by trading view so you can do all your charting right here and then you can come back to the website you can reload it watch this boom reload the page it’s all still there which is really nice because that means that you can actually trade in the same place that you’re charting you have all the indicators that you want on screen so yeah definit definitely definitely check that out also when you use a link underneath the video you get uh some free bonuses that can be used towards trading fees there’s also a link down there to coin W as well in case you want to trade spot cryptos you want to buy spot cryptos and then withdraw you can do that underneath the video at coin W now look at Bitcoin we had fallen down and gotten rejected by this line a handful of times I mean you can see 1 2 3 4 5 six uh seven and then we broke out above it now what’s really beautiful hopefully we hold Above This is it looks like we just flipped this into support twice that is extremely bullish uh I’ll be watching this so that you don’t have to but you should be watching this too um this will be extremely bullish for Bitcoin and we have some other bullish news too and keep in mind too I haven’t told anyone this but we’re working out a way to get you free access to HG algo so be ready for that but you know the DCA plus signal flashed on bitcoin and it seems like that would have been a good time to buy because right after that we had grayscale actually buying some Bitcoin for the first time since the ETFs were approved we had net inflow days for grayscale and I made a video just a few days ago kind of tongue cheek you know 48 hours until something happens uh and we just had it happen that 48 Hours uh we had to wait for it and now it’s it’s pretty so we had all inflows on Friday we have not gotten them all yet to be clear we have not gotten them all yet but we did just get grayscale and it was another positive day you can see a lot of the Bitcoin Miners did quite well today Bitcoin related stocks crypto related stocks um Southgate corp report report owning the ibit ETF $44 billion bank so to be clear a lot of these companies are just reporting now that they own the Bitcoin ETFs these were the inflows that we’ve seen for the last you know 3 months four months now we’re just seeing who it is and let’s scroll down it should be another positive day most likely because gbtc had a positive day of 4 million not quite what we saw on Friday was 63 million but still very positive I I said this before I don’t see why anyone anyone would be investing in gbtc except they’re just foming in they’re trying to get in as quickly as possible and they’re buying the ETF that they know about maybe maybe compliance has passed gbtc and not these other ETFs I guess that could be something as well but there’s no point in buying gbtc versus the other ETFs they should track relatively the same but gbtc has anywhere between three and five times the six times the fees seven times the fees and some ETFs don’t have any fees right now so you’re basically just saying okay just take my money I I don’t really care I don’t care how much I make from it because you’re paying unnecessary fee is 1.5% and the fact is if bitcoin’s price goes up depending on what kind of account you’re in if it’s taxable you might be stuck in gbtc with that higher fee for a while so yeah I don’t really see a point in this but it’s still positive that we’re seeing these inflows because it shows there’s just a lot of demand if if the worst product is getting inflows okay you know something’s changed now moving on to Gary gendler this morning we got news that Robin Hood received a Wells notice from the SEC basically indicating that they’ll probably get sued over their crypto business Gary gendler just said tomorrow morning at 8:05 a.m. eastern time I’m going to be on CNBC with Andrew sorin so G to be talking probably about crypto I don’t really know what else he’d even talk about right I’m sure they’ll talk about some other stuff too but Andrew sorin is not very bullish on crypto or very bullish on bitcoin he’s obviously one of the most bearish people on CNBC consistently on bitcoin and the Bitcoin ETFs and crypto I think he’ll probably represent crypto in a very neutral light uh or in a very neutral way but Gary gendler obviously the bear in the group The crypto bear and hopefully you know there’s some other CNBC hosts I’m blanking on the guy’s name but one of the hosts is quite Pro Bitcoin so I would love to see him push back against Gary gendler I’ll be covering this so if you haven’t hit subscrib already hit subscribe so that you can see what he says tomorrow I’m sure I’ll be making a video as soon as he talks but let’s continue moving on this is a little bit outside of crypto but it’s interesting so Lucid reported q1 2024 earnings their EPS was -30 cents versus -25 expected per share uh Revenue was 172 million versus 1882 million expected net loss 6 84 million versus 780 Million last year at this time 2.17 billion cash on hand down 133% quarter over quarter that is ugly let’s look at the stock right now because it’s down 9% keep in mind that this company’s market cap is right around $7 billion it’s still worth $7 billion and they had a loss of about 10% of that 10% of their Market cap loss in a quarter oh my gosh that is ugly you know people say that investing in Bitcoin is risky but look at this I mean there are people that still hold this that still buy this company and it’s just horrible it’s horrible and the the fact is it has cool products like the cars are are pretty sweet I’ve s I’ve sat in a few before I’ve been to a lucid store I want to say dealership but it wasn’t a dealership it was really just a store that had a couple Lucid in it in a big city near Chicago uh and they’re really cool cars the problem is they’re just extremely expensive to make at this point uh Lucid lost about 347,000 for every vehicle they delivered imagine that every single product that you sell and you have to sell them because otherwise you’ll never be profitable every single product you sell you lose $347,000 this compares to 377,000 so they’re making progress right they’re only losing 347,000 per vehicle instead of 377,000 man this is one of those moments when you see earnings reports like this that really make you appreciate the company that is Tesla right even if you don’t like Elon Musk what they’ve been able to do is loads better than just about any other car manufacturer in the space right no one can get to their profit margins and this is during a time of real uncertainty in the market right or time of really high interest rates it’s been tough and yet they’ve still been able to sell their vehicles in Mass right so yeah this also this company doesn’t have any of the tech that Tesla has the the crazy thing about this is too when we go back up uh this was a $55 stock so it was around a hundred billion dollar in market cap Tesla fell down to somewhere around I want to say 300 when it was back here around 113 yeah was around 300 400 billion in market cap so this recent dip back I guess a year and six months ago for Tesla stock it fell within you know uh 3x multiple of the peak of lucid and this company is making heaps of money uh or at least is like cash flow sideways for the quarter uh on their worst quarter so yeah just crazy to look at that I did want to mention too I made a video yesterday talking about Moonbase this is a meme coin and since I made the video the token’s up about 25 or 30% it’s still a small market cap to be clear and I do hold the token but yeah it’s done quite well and they actually pay Reflections in a eum you want to hold on something like metamask but then you consistently get more and more Reflections in ethereum which is pretty cool I’ve gotten I’ll have to check if you want me to do another video let me know but I’ve gotten at least a few dollars um after I bought this so yeah definitely pay attention to this if you want me to make update videos I will so definitely uh watch that video I’ll put it on the end screen if you haven’t seen it already the full video but definitely a cool uh cryptocurrency from an established team it’s cool too because since it’s on base they can constantly give Reflections without paying high fees now let me know your thoughts on all this underneath the video will you be watching Gary gendler talk tomorrow it doesn’t really matter we’ll cover it afterwards but thank you so much for watching I appreciate it check out the links underneath the video to Mar Jackson coin W if you want to start trading

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