HOLY FU*K! BITCOIN SEC APPROVAL AFTER HOURS! #Finance

how’s it going everyone it’s Sam the SEC just approved something that is very important for Bitcoin it’s actually going to be very bullish for Bitcoin I want to go through that also talk to you about why Michael sailor is actively encouraging people that want to to short

micro strategy there’s also some other stuff going on 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 you trade color: #1a73e8; text-decoration: none;">Cryptocurrency I have been trading and going long this Market because I think we’re going to have an insane Bull Run you can do the same over on Marx I’ll leave a link to this underneath the CashNews.co you can get your account set up with no

kyc and you don’t need a VPN to access to the to get access to the website you can trade all different kinds of Cryptos if the bold; color: #1a73e8; text-decoration: none;">Crypto that you love that you want to trade isn’t on here you can actually just request it they have really good customer service as well so definitely check out all that underneath the CashNews.co and as you can see Bitcoin is coming down a

little bit from the high earlier today of right around 69,000 still seeing above 68 though which is extremely bullish dominance coming just down slightly oh so slightly from the very Peak today seems like October has arrived we are up 5 to 7% so far this month and a lot of good things are happening

you can actually see though this is not out of the normal back in 2021 actually we we had seen about a very similar return from the bottom to where we are right now in the market actually let me just make sure that you can see me okay perfect I want to make sure by the way let me know what

you’re drinking Down Below in the comment section I have Larsen whiskey mixed with warm apple cider you know a little bit of nip in the air trees are changing colors this a good fall drink but let me know your thoughts on that down below let me know what you’re drinking so as you can

see just like this has been a very similar Bull Run so far compared to 2021 and 2017 actually 2017 we went much higher but at this point we were actually lower from the market cycle bottom and then 2021 we were actually a little bit better so we’re smack dab in the middle of these two cycles

keep in mind this is the very bottom to two years out to this dotted line and then that’s where things get really exciting so yeah we are right on P for where we’ve been in the past keep in mind if we did what we did back in 2021 we would still see a multi 100,000 Bitcoin so it’s

an exciting time the US national Debt continues to go up as well we’re up to 35.760000 today but start on starting off fairly well with gbtc uh not having any outflows just a zero day ibit had a good amount of volume to 1.54 billion so it’ll be interesting to see can

they add another day on top of the2 billion plus an inflows over the last five days can they have another solid day here also keep in mind that these ETFs have just done so well this is Bitcoin

year one which we’re only nine months in to the first year uh so Bitcoin in the first year versus the gold ETFs it has done better than every one of the first nine years of the gold

href="https://cashnews.co/etfs" style="font-weight: bold; color: #1a73e8; text-decoration: none;">ETFs uh which just is incredible now let me play this bit from Michael uh from Michael sailor actively encouraging people to short mstr in promising you won’t sell Bitcoin and then

we’ll we’ll talk about the what the SEC just did that is extremely bullish you know my real aspiration now is if if you really hate Bitcoin I want you to love us like we’re the perfect instrument to short right if you because I promise you I won’t sell it right we’re

going to be levered long Bitcoin and if you’re if you don’t like it or if you just want to hedge it you get to sell our stock or sell our or sell puts or or buy puts right and uh and the worst thing I could do is to take your side of the trade or to interfere with what you’re

doing so so I think think part of micro strategy’s rise to prominence in the space is we have been laser-like focused we’re very consistent we’re very transparent we’re going to buy Bitcoin never sell Bitcoin we’re going to borrow money intelligently if you like

Manhattan and if a company said I’m going to borrow $5 billion doar at 1% interest and I’m going to develop Real Estate in Manhattan you might think that that’s kind of you would like to invest in but if you hate Manhattan and we’re 150% exposed in Manhattan

you’ve got this investment the like that’s the company I want to short and the most important point in the marketplace is you just have to be very pure true to your focus have integrity and consistency and transparency because it’s it’s not my job to trade hedge Arbitrage or

constru that Portfolio there are guys with hundreds of millions or billions of dollars in a Bloomberg and that’s what they do every day so my my contract with them is we’re going to do what you can’t do we’re going to buy Bitcoin hold Bitcoin and we’re

going to issue Equity and we’re going to issue Debt instruments and you can’t do that we’re a public company and on the you know the NASDAQ Stock Exchange in America with the nearly 30-year track record and we have 16 billion of

permanent Capital that’s Bitcoin right so I can create an Equity with 80 or 90 Vol I can have permanent Capital we can stand massive swings because of our Capital structure that’s what we can do what you can do is

decide if you want to buy it sell it hedge it or showed it interesting that’s something that you say as a person that is in a position of strength go ahead and short our stock go for it bitcoin’s going to keep on moving up you’re going to get liquidated our stock price and Bitcoin

maybe even is going to shoot through the moon so I I think this is interesting I think this is pretty cool from him not trying to skirt the fact that people can short the stock if people don’t like it go for it you know he’ll take he’ll take that trade every day another great step

for bitwise Bitcoin ETF the train is moving the SEC after hours today approved nysse options trading on spot Bitcoin ETFs this is actually a really big deal I’ve talked about this before

so I I don’t know if I have to spend a ton of time on it but this is extremely bullish for several reasons first of all there are some entities that just won’t buy an asset that they can’t hedge hedge with options so this will make more people attracted to the Bitcoin

href="https://cashnews.co/etfs" style="font-weight: bold; color: #1a73e8; text-decoration: none;">ETFs just because it’s something that they can hedge if they have a large position they they don’t necessarily have to sell it they can uh sell puts or sell uh calls or something like

that or buy puts right that kind of thing so uh they can position themselves in the right way to be able to weather the storm without having to actually sell the Assets same thing with certain Traders right if you’re up 300% on an asset and you have a really good

Income year maybe you don’t want to sell the asset but you want a hedge cuz if you sell the asset then you have to pay Taxes well if you take a hedge you don’t have to pay those same Taxes so some people like this some people also want

to be able to create Cash Flows from their positions so this gets some Traders interested in it so this is a pretty big deal and it will create even more volatility in my mind when there are options people try to push the price certain ways um which volatility is good volatility is

why people love Bitcoin because it does go up and go down very quickly so I think this is actually a really important thing a very exciting thing and we’ll be good for Cryptocurrency

we’ll be good for Bitcoin let me know your thoughts on this though Down Below in the comment section I cannot wait to see what the Bitcoin ETFs did today because I think it’s going

to be a nice way to round out the week right they’ve had a massive week so far hopefully they have one more strong day let me know your thoughts though I’ll probably cover in tomorrow’s CashNews.co thank you so much for watching hit subscribe if you want to see future CashNews.cos

if you’re bullish on bitcoin you probably want sub subscribe to this channel cuz I will be giving you the updates every single day as they come out throughout this bull market so that way you can get the information a little bit faster also check out the link to Marx underneath the

CashNews.co so you can start trading Cryptocurrency it’s not too late now is the time to open positions if you haven’t got them already thank you so much I appreciate it I’ll

see you all in the next one bye