BITCOIN – BLACKROCK IS BUYING AS DEBT BLOWS MINDS! #Finance

how’s it going everyone it’s Sam some pretty freaky numbers just came in uh regarding US Debt I want to talk about that and explain why this causes Bitcoin to go up forever I’ll also show you some other interesting things that are happening in the market

if you don’t mind hit subscribe turn on the Bell notification underneath the CashNews.co so you can see future CashNews.cos just like this also if you want to trade Cryptocurrencies now

is the time to do it because we have been in this very long sideways Market 8 months where we’ve closed a month between 60 and 70,000 but that doesn’t last forever we get big movements up stair steps up and then we go sideways and then stair steps up if you want to trade

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto if you want to get that position in before we take that next stair step up there’s a link to Marx underneath the CashNews.co where you can start trading

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency Assets and you can leverage yourself now of course make sure you know what you’re doing but let’s start here the NASDAQ finish the day up just slightly

0.008% Bitcoin and Crypto are down on the day of course there have been some there has been some uncertainty throughout the week with the missiles with the Port strike with uh fed speak but

yesterday we did have an outflow a net outflow from the ETFs but one notable inflow was ibit ibit bought 41 million this is after big outflows from fbtc from Ark B from bitb from hoddle uh

pretty much everyone sold but Black Rock was buying they were swallowing up Bitcoin uh Middle East is kicking off again versus China printing us slashing rates and printing soon stocks at all-time highs unemployment rate is falling Global Liquidity is going parabolic call me stupid

but I’m bullish coming from Lady of Crypto call me stupid but I’m bullish as well for the end of the year and next year now we do have some inflow numbers coming in for today but

not much so far it’s still early in the night gray scale was the first one in and grayscale and grayscale mini both had net zero for the day no inflows or outflows it was a decent Siz trading day though between ibit and fbtc we had about $1.25 billion do traded and then of course we have all

the other ETFs as well for another you know quarter to half a billion as well so pretty decent Siz trading day obviously there’s a lot of volatility with Bitcoin going down all the way

under $660,000 uh and this comes after we have some crazy numbers on US Debt US Debt explodes to 35.7 trillion on October 1 after being just uh 345 billion lower 5 days ago less than 5 days ago the US Debt was at uh you know it it was $345 billion

lower so I mean look at that that’s just crazy 345 in 5 days so $70 billion a day you know we’re talking about a trillion dollar trillion dollars in Debt over a 15-day period if that was you know spread out uh what $2 trillion doll a month of course that’s not

going to continue but that is just an insane jump that is one of the reasons Bitcoin will go up forever because Debt continues to go up we continue to see more money printed we continue to see debasement and yet there’s only ever 21 million Bitcoin I actually did a

CashNews.co earlier today talking about how much Bitcoin you need to be uh you know how much Bitcoin you would have if you were the median Net Worth in different age groups in the US if you haven’t seen that CashNews.co go check it out I think it’s pretty interesting it

gives you an idea for like how aggressive you can get if you have the average the net the median Net Worth and whether you’re on Pace right so a pretty interesting CashNews.co there but let’s continue Bitcoin has no top because Fiat money printing never stops this is

from 5 days ago like I said three uh 35.3 trillion 3 Days Later 3532 trillion a day later it went up $120 billion then a day later yet it goes up another $220 billion what are they spending money on uh I don’t know if we’ll ever know because there’s not much transparency there is

in Bitcoin there’s definitely transparency in Bitcoin but there’s not much transparency in where we’re spending our money of course you can find some resources but yeah this is just insane right uh let’s continue though Tesla delivered 463,000 vehicles in Q3 beating Wall

Street estimates uh 462,000 total production was 46979 Tesla also announced they deployed 6.9 gwatt hours of energy storage at uh in the quarter up 73% year on-ear now how did Tesla end the day down 35% so some people thought it might be a little bit higher even though analyst expectations were met

Tesla doing their thing though I think that was actually a pretty good quarter uh chat GPT maker open AI raises 6.6 billion dollar at $157 billion Valuation of course A lot of people are paying attention to #1a73e8; text-decoration: none;">Crypto AI as well different um AI Cryptos they have done quite well over the last couple weeks obviously have dipped over the last few days but a lot of

people positioning themselves into that stuff uh into those different Assets for the next you know run FTX estate prepares to sell $38 million of locked wld tokens at a discount this is 5% of the current market cap now worldcoin is up about 10% last month obviously extremely

volatile even from just a few days ago down 25% over the last year uh it was up significantly back in March it was at $12 now it’s down 85% over that time span so we’re talking 6 months 7 months and it’s down 85% so just taken a beating recently now I say we don’t really

know where our money is going uh obviously like I said we have reports that show us what we spend on you know national Debt on Social Security Medicare Medicaid all that kind of stuff but the fact is we have some audits in the government they can’t find trillions of dollars

right uh hundreds of billions of dollars of Assets like with a pentagon the fact is we don’t really know everywhere the money is going of course we have some inkling but I don’t know if politicians and you know these firms are always very upfront with us the fact is we

will continue to have greed we’ll continue to have um misuse of money we’ll continue to have just massive budgets where you can you know you can misuse 1% of it and it inflates uh the cost of a good significantly and you can spend stupid amount of money on something that you don’t

even need that’s why we need Bitcoin of course there’s volatility right we’re in an asset that’s very young that a lot of people don’t understand but the fact is over time it will gain in value because there’s scarcity there’s utility there’s value

there we’ve had some of the biggest institutions come in and say we need this we need to offer this to our clients uh there’s something just on uh what was it Forbes there’s some big uh some big publication there was talking about how Bitcoin is becoming a main stay in

Portfolios and that’s going to be more the case over time I mean look at where we’re at this year compared to the year before compared to four years before that and four years before that the fact is that this is a global asset that’s well respected or becoming

more well respected as well and I see that continuing to happen I see in the next cycle maybe that’s a cycle where Bitcoin starting to be included in retirement accounts and uh Target date funds and that kind of thing and that is a massive catalyst so I’m extremely bullish of course you

have to have a long time frame keep in mind we’re still below last Cycle’s Peak this would be a similar to us being at you know 17 18,000 back in 2020 and just waiting for the next you know the next leg of this bull market of course do your own due diligence I’m not telling you to

do anything check out the link underneath the CashNews.co in case you want to check out Marx I appreciate it I’ll see you all in the next CashNews.co bye e