HUGE Things Are Happening With Bitcoin, I Assure You The Rich Are Buying ALL MINED BITCOIN DAILY

HUGE Things Are Happening With Bitcoin, I Assure You The Rich Are Buying ALL MINED BITCOIN DAILY

Hello everybody welcome back to the channel where we talk about stuff edfs oh sorry that’s that’s ETFs are back in the news once again so for those of you who’ve been missing it ETFs are still like a gigantic part of the news even though a lot of people have for some reason turned lightly negative on them uh if you’ve seen since the why am I screaming if you’ve seen since the was it 11th or 12th of January ETFs were doing exceptionally amazingly awesomely well and could do no wrong within the world but then in the last like three weeks there’s been a Slowdown in all World Markets but a lot of people within the cryptocurrency space I don’t know if they’re pretending or I don’t know what they’re doing people like to pretend that the cryptocurrency market isn’t connected to other markets so if we have a bad day people kind of assume it’s because we’re only having a bad day as opposed to all World Markets are faltering in some sort of way so we started seeing the first instances of like light outflows from other ETFs like the like the bigger ones still not from Fidelity or Black Rock but it was like a 4 million doll outflow and there was a day where grayscale had a larger outflow than any of the other days that they had in recent history that people were talking about and then we had which was really ridiculous there was news one day I don’t know if you remember there was news one day that black rocks ibit Bitcoin ETF had become the 10th greatest or something like that ETF ever like ever ever ever uh 70 days of non-stop inflows into their funds and then the literal next day their inflows were zero dollars like the the literal next day which I I I I find that to be a little interesting I can understand if one day your inflows are like 400,000 1.3 million exactly zero a little think about think about it worldwide how many people were buying and trading these things sometimes they had like billions of billions billions of dollars worth of trade volume for their ETF and then one day it was just zero but I digress and then on top of that we’ve seen and now here’s where it becomes negative I guess is that as World Markets fell and were reing from the FED interest rate decision to not lower it uh the cryptocurrency market also fell and I think there was like extra outflows from some of the ETFs at the same exact time and basically people assumed that the Hong Kong ETFs were going to be like the savior of the space literally overnight and then even when they had good news because it wasn’t the goodest news that we’ve had before from Black Rock and Fidelity people kind of pretended that it didn’t happen none of that was a joke by the way it was literally like people were like acting as if this wasn’t something significant so remember about a 10 days ago I want to say 10 10 sounds correct why not let’s say 10 we had news that even despite this was after the having like literally right after the having even despite prices slowing down because the amount of Bitcoin that gets mined and created per day is now down to only 450 that I think black Rock one day bought 49 no no 459 I remember it was nine more than the 450 and I think Fidelity had bought exactly 1091 or somewhere around there this is very similar so we’ve gotten like the numbers have begun to roll in as I said they would before as the Hong Kong ETFs continue to be around like they will be we’re going to start hearing more and more of like how well they’re doing but you guys got to stop being so cynical all the time because everyone is now reporting that these numbers aren’t anything significant and I don’t know what I’m trying to find the nice words for the algorithm I want to know what’s wrong with people like you know what’s the what’s the haps what’s what’s what’s going on so we have news from Arkham intelligence which sounds once again like a Batman villain uh they found out that one of the ETFs called bosera hashy is okay apparently is now holding $964 Bitcoin worth $59 million they also in the same time period bought $ 4,294 ether worth $12 million and then it says there was another one of them so the the controversial part is that people were reporting that the ETFs only did where’s the number oh boy I should have scrolled down uh people are reporting that the ETFs I think only did around $1 million worth of transactions on their first day but one of the ETFs is holding over $111 Million worth of bitcoin and it’s basically like I’ve said this before I’ll say it again just so we can have you know the air completely clear I’m really exhausted with trying to understand why normal people don’t really understand the severity of the means that Bitcoin is actually extremely rare and I cool I’ve seen the comment section before I get it I know a lot of you know how to count put your hand down cool just me and you were here got it but for everyone else it’s getting very frustrating and it’s also the people who are writing these articles as well because they give off the perception that what’s happening in this level of accumulation isn’t anything to even pay attention to and then what ends up happening is is that the average normal everyday person who is in the market who wants to get into the market they think that a company buying the entire daily mined amount of Bitcoin in one day is nothing significant when it’s actually hypers significant because that’s all the Bitcoin That was supposed to have gone out essentially to the masses which also isn’t a thing because the people who are mining the Bitcoin aren’t selling off all of their Bitcoin because they want the Bitcoin for themselves but no we’re seeing a huge amount of momentum still in the market regardless of where prices might be there’s still a significant amount of whale news every single day that when prices are dropping whales are buying when prices are going sideways the whales are buying when prices are going up 15 more whales are in the pool and they’re all buying at the exact same time but it’s this really weird idea that a lot of people keep throwing out there like even the day that we had where Black Rock Only purchased 459 Bitcoin that news was touted as negative like in multiple different sources online it was like well you know things have really slowed down as Bitcoin in trouble and I’m like do you understand that you will never like those coins are gone they’re completely off the market like they belong to Black Rock and others now who are actually working with them yeah the market I think is just fine we went over that a bit yesterday as well about the idea of like that we needed this Market correction because the market did get a little bit too hot like a little bit too quick uh but the general sentiment is still quite High a lot of people are very optimistic on the market especially a lot of the analysts out there who said that like we needed to see exactly where the basis uh was going to be for the price drop but you know just throwing in some of the news out there for you because there are other ETFs that exist around the world they’re not just once again within the United I I I I I I don’t understand how quickly this happened how the narrative just became not even the nine ETF issuers it’s just black rock and if Black Rock didn’t do exceptionally well that day well then bitcoin’s in trouble bitcoin’s going down Bitcoin has a problem and it’s like no that’s not at all how this is so for those of you who also didn’t see it before we’re getting a lot of other news about other ETFs opening like everywhere around the world a lot of them are expected by summertime and some of them they say at least by the end of the did that weird turnoff thing at least by the end of the year um no I think the Market’s doing absolutely great but as with previous Cycles as with every new year we have new people in the market market and I think as I’ve said if you continuously hear that a market has done well and you haven’t been in that market you assume that the trajectory is just constantly always up so for those of you who are new here you see it shaky I make sure to mention that every fourth video this is a very volatile Market there is a lot of money to be made but when you make that money and other friends who also want to then get into the market they’ll also only assume when they’ve heard positive news about it that it was just a you know we straight shot up in in prices but yeah we’re doing just fine the other ETFs are launching uh once again the time frame that we’re waiting for is basically July that’s when we really started getting those crazy price predictions and that’s the time frame that I’m still waiting for yeah that’s the Arkham reveals bosera hash key Bitcoin and whatever all righty um I do hope that you’ve all enjoyed if you want to read the article it’s in the description below uh hope you all enjoyed hope you all are having a great day morning afternoon evening wherever you are wherever you might be I do hope it’s absolutely fantastic 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

I’m not entirely sure how so many people decided to turn negative on the cryptocurrency market all of a sudden because prices slipped during a 3 week period. However, I’m here to tell you in plain english, as the cryptocurrency market dipped in price, the ENTIRE DAILY MINED SUPPLY of Bitcoin has been accumulated by the wealthy…each…and every….single…day. There’s not a lot of Bitcoin left on the market, especially when the wealthy keep buying it all.

Article: https://coingape.com/hong-kong-bitcoin-ethereum-etfs-bosera-hashkey-holds-964-btc-4-29k-eth/
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