how’s it going everyone it’s Sam Black Rock has just told us everything we need to know about Bitcoin and about these elections I think a lot of people are missing the forest from the trees and I want to give some clarity as to what’s happening right now if you don’t
mind hit subscribe so you can see future CashNews.cos like this hit the like button let me know your thoughts on what I’m about to go over down below in the comment section also if you want to trade text-decoration: none;">Crypto I opened up a trade yesterday it’s up 80% if you want to trade as well you know maybe you want to short it maybe you want to long it maybe you want to have something set up so that you can hedge yourself depending on how the election goes there’s a
link to Marx underneath the CashNews.co you can get started in just a few seconds I think it’s important to have multiple places to trade during this bull run because a lot of the time coinbase goes down other exchanges go down so you want to have multiple places to be able to access your href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto
what they’re saying about the election um just before we get into that you can see a bit of of a jump today from yesterday with Bitcoin going up from 66,500 yesterday all the way up to 7,400 today Tesla stock is also up a lot too which is pretty telling of what the market thinks a lot of
people think that if kamla Harris becomes president they’re going to go after Trump uh and they’re obviously going to go after Elon as well for backing Trump so aggressively and yet Tesla’s up right now so it might be a good sign for Trump I’m not sure uh exactly but as you
can see Bitcoin dominance going up too so many people nervous stressed out about this and as I’ve said I think no matter what bitcoin’s going to do well whether KLA Harris becomes president whether Trump becomes president and a lot of that comes down to this this happened over two years
ago Black Rock launched spot Bitcoin private trust for us clients basically they launched a spot Bitcoin private trust for large clients that want to get access to Bitcoin now they could have done this for a couple reasons one maybe they knew that this would be a massive Revenue
driver for them maybe they’re very bullish on bitcoin maybe they knew that FTX was going to blow up you can see this was the perfect time to launch right some people might say well they launched when Bitcoin was 25,000 then went down to 16,000 keep in mind they launched within months of FTX
collapsing like if you look at the perfect 6 months to buy in at a great price for Bitcoin it’s this time right here it’s while the Market’s falling down you can talk to your clients about why Bitcoin is a great asset you can buy during the worst part of the dip you can start to
see returns and then get more clients in there more significant dips that you can get clients in uh in even heavier positions this is literally the best one-year period you could have bought in this bare market and black rock was nailing the bottom right here they might be a reason why we saw the
market start to tick up they were buying lots of Bitcoin and then in 2023 they started talking about launching a spot Bitcoin ETF this is after they got their clients billion well hundreds of millions if not billions of dollars worth of bitcoin and then bitcoin’s price shot up leading up to
the ETF approval and then shot up even more so you’re betting against Black Rock right now who is in at the perfect time during the bare Market caused the bull market and look right they’re not worried about the election at least that’s what it looks like here of course their
clients are the ones buying but they’re forcing behaviors with their clients you can see starting from 3 weeks ago $80 million 300 million 400 million 300 70 330 40 320 170 292 315 642 872 milon 320 million then last Friday a zero day then uh yesterday they had an inflow of something like $40
million they have still had massive inflows for the last couple months or for the last month I’d say they’ve had very very significant inflows do you think they’d be doing this if they were worried about the election if they thought that this is really going to change the outcome
from uh Bitcoin going to multi6 figures possibly to maybe this is the high for the bull market no no they don’t they do not think that this is the high for the bull market they would not be pushing clients to buy in so much ahead of the elections if they thought this was going to
significantly negatively impact the market they’ve gotten a$ 26 billion doll position that we know of and even more than this if you C count the derivatives or um maybe micro strategy positions that kind of stuff Bitcoin miners all the I’d say also they they put in a lot of time which
is worth a lot and they put in a lot of air time right how many times has Larry fin gone on and talked about Bitcoin it seems like almost every time that he goes on CNBC he talks about Bitcoin uh that is worth something that’s a cost to the company they could be talking about some other asset
they are still extremely bullish on Bitcoin in my opinion and keep in mind this is this is different than a lot of people understand too because they yes they have 26 billion right 26 billion 27 billion in Bitcoin but they still have so much that’s outside of Bitcoin they recently had
published that they had 11.5 trillion in AUM now how big is ibit uh it says here net Assets 23 billion over here it says 26 billion let’s call it let’s call it 26 billion that means that they have about 22% of their AUM in Bitcoin I guarantee you this is the fastest
growth that they’ve seen at the company I think they have more upside in Bitcoin than a lot of other Investments as well and they could push this thing to whatever price they want right yes they’ve had a great launch so far this is with them just telling their clients
that they might want to invest in it this is with the clients naturally coming to them this is not them forcing the behavior which is something they’ve talked about um this is not them forcing the behavior as in forcing their clients to buy Bitcoin this is them forcing the behavior like hey
we think you should do this and then maybe on negative days they have some kind of buyer that comes in and buys up any kind of negative outflow um but this is just like stage one this is just stage one this is not them forcing us to the next all-time high where they start buying billions of dollars
Within other Portfolios they can force buy Bitcoin they can force people to buy Bitcoin by adding it to more Portfolios and adding more aggressively they’ve done this a couple times just with a few million dollars here there I think they bought in four
different Portfolios now where they added Bitcoin to like the global allocation uh fund or Global strategic allocation fund but they bought very small amounts they could go out today and buy 10 billion doar of Bitcoin if they wanted to they could force their
Portfolios to do that but this is a longer process than just a one-day process and they want to Stack up more Bitcoin in my opinion before the next big move but they can only buy so much right they’ve been buying billions and billions of dollars they’ve been doing this
through OTC desks which allows them to not impact the market as much but eventually it runs out right enough people see the way that the Bitcoin Market’s going enough people see that companies are buying or countries are buying or pensions are buying and they don’t want to sell quite as
much so the OTC desks dry up the buyers have to pay higher prices Black Rock decides okay now we’re going to push Bitcoin to where we want it to be we’re going to push uh even harder because Larry fin could get on CNBC every week or two if he wanted to I’m sure but his uh
appearances have actually gone slower I think throughout the year as bitcoin’s trended sideways it’s probably because they want to take advantage of the price action get more wealthy individuals in on it again I think this setup is almost Picture Perfect right we have politicians
talking about literally buying Bitcoin with government funds we have pensions buying we have companies buying we have Liquidity moving up we have lower Interest Rates of course things can happen in the short term that cause the market to get fearful but this seems
nearly perfect in my opin so yeah this was the Strategic plan of Black Rock right cause fear cause uncertainty if need be because honestly they do control media they do control a lot of media so they can you know create narratives they can make sure that their clients Buy in a significant amount
they have had by far the best launch of all the ETFs so they’ve gotten significant Investments into their ibit ETF and then they can actually go and throw some gasoline on
the fire and actually start buying it with their own AUM which they haven’t done a ton of yet let me know your thoughts on this underneath the CashNews.co thank you so much for watching I really do appreciate it if you want to trade you can check out the link down below to Marx there are
links to other exchanges too if you want to try something else and yeah it’s going to be an interesting day you can see if we really don’t go back below the $67,000 Mark we just set a higher low which is pretty bullish if we break to new alltime highs that would be five higher lows and
five higher highs pretty awesome let me know your thoughts though thank you so much I appreciate it I’ll see you all in the next one
CashNews, your go-to portal for financial news and insights.
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Think about that if Trump loses THEY WILL GO AFTER ELON FOR BACKING TRUMP that says everything about a certain party
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do we get another hour?
48 hours left?
If Trump wins, BTC pumps short and long term due to liquidity, regulations, and adoption. If Kamala Wins, BTC dumps short term, But long term up due to liquidity, and dollar debasement fears and war. Either Way, you MUST have your portfolio in Bitcoin. Perfect money is always in season. Hopefully Trump wins and we can use perfect money in a better economy, but it will be even more important in a distopian future, as we position ourselves for survival.
Its probably not an exaggeration to say that Blackrock owns around 1/4 of bitcoin if not more.
Think about how much they've been buying and think about how many hacker wallets they confiscated. Thousands of btc
Wouldn't be surprised if Blackrock has been supressing the price
The video content is very worth learning!I have a side note:Someone sent me a usdt and I have a recovery phrase.:(surge fence muscle flower taxi gadget inject rough stage usage electric retreat).:How do I monetize them?
Crypto winter follows banana zone. The four year cycle didn't change.
In my opinion etf's have done little for this bull run. Q4 BTC returns were way ahead this time 2020 and it was all retail buyers.
We are out of time? What's the point of doing anything? At least give us an hour or two.