ROI AFTER BITCOIN 2024 HALVING (I UNDERESTIMATED IT).

Summary

In this live stream, the host delves into Bitcoin's Return on Investment (ROI) after a recent surge, comparing it to previous cycles and highlighting the current cycle's performance. They discuss the potential for altcoin season, noting the significant 90-day ROI of top altcoins compared to Bitcoin. The host also touches on negative news, such as credit card and auto loan delinquencies, and the repeal of a bill discouraging banks from providing custodial services for digital assets. Despite these, they highlight positive developments, including Bitcoin ETFs' success, with institutional investors like JP Morgan and Morgan Stanley holding significant stakes, suggesting a bullish outlook for Bitcoin's future.

Takeaways

• 📈 The speaker discusses the recent performance of Bitcoin, highlighting a dip in ROI but still being ahead of schedule compared to previous cycles.
• 🌕 The video script mentions a previous video where the speaker advised taking profits during a green day, sparking controversy among viewers who believed in continued upward momentum.
• 📊 The script references Ben's website for data on Bitcoin's ROI, showing that as of the date of the video, the ROI for cycle four was 1.01, compared to 7.38 in the previous cycle.
• 📉 The speaker notes a trend of diminishing returns across Bitcoin investment cycles, with the first cycle in 2012 showing an ROI of 85.44, and the most recent cycle showing 1.01.
• 🚀 The script explores the concept of 'altcoin season', suggesting that if 75% of altcoins outperform Bitcoin over 90 days, it may be too late to invest in altcoins as the opportunity may have passed.
• 📊 The speaker points out that three out of the top five cryptocurrencies with the highest 90-day ROI are meme coins, indicating a significant, albeit potentially volatile, interest in these types of assets.
• 📉 The script mentions Chainlink's negative ROI over the last 90 days, but notes a recent partnership with JP Morgan and other financial institutions, suggesting potential for future growth.
• 🗓️ The video discusses the historical best days for dollar-cost averaging (DCA) investments, suggesting certain days of the week may be more advantageous based on past price trends.
• 💳 The script addresses macroeconomic concerns, such as credit card debt and auto loan delinquencies, which have risen to concerning levels and could impact the financial landscape.
• 🇺🇸 The video mentions a bill (SAB1 121) that discourages banks from providing custodial services for digital assets, which was repealed by the House and Senate, but may face a presidential veto.
• 📉 JP Morgan's analysis predicts limited upside for Bitcoin's price in the near term due to lack of positive catalysts and disappearing retail impulse, but the speaker disagrees with this assessment.

Q & A

What is the main topic discussed in the video script?

The main topic discussed in the video script is the Return on Investment (ROI) for Bitcoin and altcoins, along with the current market trends and some macroeconomic factors affecting the financial landscape.

What is the current Bitcoin ROI according to the video?

According to the video, the current Bitcoin ROI for cycle four is at 1.01, indicating a 101% move from the halving price.

What was the ROI for the previous Bitcoin halving cycle?

The ROI for the previous Bitcoin halving cycle (cycle three) was 7.38, which took place from around May 11th or 12th of 2020 until the peak of that cycle.

What does the video suggest about taking profits in the cryptocurrency market?

The video suggests that while it's important to be aware of taking profits at certain points, it's also crucial to consider the long-term potential and not just focus on short-term gains.

What is the current status of altcoin performance compared to Bitcoin according to the Altcoin Season Index?

The Altcoin Season Index shows that 29% of the top 50 altcoins have a 90-day ROI greater than Bitcoin, suggesting that altcoins have been outperforming Bitcoin over the past 90 days.

What are some of the top-performing altcoins mentioned in the video?

Some of the top-performing altcoins mentioned in the video over the last 90 days include Pepe and Dog with Hat (meme coins), Weave, Fetch AI, and Near Protocol.

What does the video suggest about the timing of the altcoin season?

The video suggests that if 75% of altcoins have outperformed Bitcoin over 90 days, it might be too late to consider it the beginning of the altcoin season, as the best opportunities might have already passed.

What recent development with Chainlink is mentioned in the video?

The video mentions that Chainlink completed a pilot project to accelerate fund tokenization with JP Morgan, Templeton, and BNY Mellon participating, which led to a significant price increase for Chainlink.

What macroeconomic factors are discussed in the video that could impact the financial market?

The video discusses the high levels of credit card debt and auto loans transitioning to delinquency, which could lead to defaults and potentially impact the financial market negatively.

What is the significance of the Bitcoin ETF inflows mentioned in the video?

The Bitcoin ETF inflows mentioned in the video indicate a shift in institutional sentiment towards Bitcoin, with significant inflows suggesting increased interest and investment from institutional players.

What does the video suggest about the future price of Bitcoin?

The video suggests that despite some negative headwinds, there is a bullish outlook for Bitcoin, with traders targeting a price of $74k in the near future due to institutional interest and positive market sentiment.

Outlines

00:00

📈 Bitcoin ROI Analysis and Market Cycles

The speaker begins by discussing the Return on Investment (ROI) for Bitcoin, referencing recent market movements and prior analysis suggesting profit-taking opportunities. They mention a video they made previously, which led to mixed reactions from the audience. The speaker emphasizes the importance of being aware of when to take profits, regardless of market sentiment. They reference Ben's website as a valuable resource for understanding Bitcoin's ROI across different market cycles. The speaker provides a historical perspective on Bitcoin's performance, comparing the current cycle (cycle four) with previous ones, and notes the diminishing returns over time. They also discuss the potential future trajectory of Bitcoin's price based on past market cycles.

05:02

🚀 Exploring Altcoin Season and Market Performance

The speaker shifts focus to altcoins, questioning whether the current market is experiencing an 'altcoin season'. They refer to the altcoin season index, which measures the performance of the top 50 altcoins against Bitcoin over a 90-day period. The speaker highlights several altcoins that have significantly outperformed Bitcoin, including meme coins like Pepe and Doge, as well as projects like Fetch AI and Chainlink. They discuss the implications of these outperformances and suggest that the opportunity for altcoin season may have already passed. The speaker also mentions Chainlink's recent collaboration with major financial institutions, which led to a significant price increase, emphasizing the importance of staying informed about project developments.

10:02

📊 Analyzing Market Trends and DCA Strategies

The speaker delves into dollar-cost averaging (DCA) strategies, discussing the historical best days to perform DCA based on asset price trends. They reference data that suggests certain days of the week may be more advantageous for DCA due to lower average prices. The speaker also touches on macroeconomic factors, such as credit card debt and auto loan delinquencies, which could impact the broader economy and potentially the cryptocurrency market. They mention a repealed bill (SAB1 121) that would have required banks to keep digital assets on balance sheet, which could have been detrimental to the growth of the crypto industry. The speaker also discusses the potential for a pocket veto by the President, which could further impact the bill's fate.

15:04

📉 Macroeconomic Concerns and Bitcoin Mining Costs

The speaker presents a more cautious view, discussing macroeconomic issues such as credit card debt delinquencies and auto loan defaults, which could signal economic instability. They suggest that these factors might lead to monetary policy changes like money printing or interest rate cuts. The speaker also addresses the potential impact of these macroeconomic trends on the cryptocurrency market. Additionally, they mention a decrease in Bitcoin mining costs due to the exit of inefficient miners, and JP Morgan's limited outlook on Bitcoin's short-term price potential due to perceived headwinds such as a lack of positive catalysts and fading retail interest.

20:06

💹 Positive Outlook on Bitcoin ETFs and Institutional Adoption

The speaker concludes on a positive note, highlighting the success of Bitcoin ETFs and the bullish sentiment they have generated. They discuss the significant inflows into Bitcoin ETFs, indicating a shift in institutional mindset and a growing interest in Bitcoin. The speaker also mentions the record number of holders reported in the first 13F season, which includes major financial institutions like JP Morgan and Morgan Stanley. They emphasize that despite potential market fluctuations, the overall trajectory of Bitcoin and the growing institutional adoption are promising signs for the future of cryptocurrency.

Keywords

💡ROI (Return on Investment)

ROI refers to the ratio of net gain or loss from an investment relative to the original cost of the investment. In the video, the speaker discusses the ROI of Bitcoin, analyzing its performance over different investment cycles to understand its profitability. The script mentions various ROI figures, such as '7.38' and '1.01', to illustrate Bitcoin's historical and current performance.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. It is the first and most well-known cryptocurrency. The video's theme revolves around analyzing Bitcoin's investment performance over time, with the speaker discussing its ROI and market behavior, as well as its comparison with other cryptocurrencies or altcoins.

💡Altcoin Season

Altcoin Season is a term used within the cryptocurrency community to describe a period when alternative cryptocurrencies (altcoins) outperform Bitcoin in terms of returns. The script discusses whether the current market is experiencing an 'altcoin season', and the speaker uses the Altcoin Season Index to evaluate the performance of altcoins relative to Bitcoin.

💡Meme Coins

Meme Coins are cryptocurrencies that are created as a joke or for fun, often associated with internet memes or trends. In the script, the speaker mentions that several top-performing cryptocurrencies over the last 90 days are 'meme coins', such as Pepe and Dogecoin, indicating their significant returns despite their lighthearted origins.

💡Tokenization

Tokenization refers to the process of representing real-world assets in the form of digital tokens on a blockchain. The script discusses a pilot project involving Chainlink, JP Morgan, and other financial institutions to accelerate the tokenization of funds, which aims to standardize the process of disseminating net asset value data across blockchains.

💡DCA (Dollar Cost Averaging)

DCA is an investment strategy where an investor consistently buys a fixed dollar amount of a particular investment, regardless of its price. In the video, the speaker mentions the historical best day to DCA for different assets, including Bitcoin and Ethereum, suggesting that certain days of the week may be more advantageous for this strategy.

💡Delinquency

Delinquency in finance refers to the failure to make payments when due. The script mentions that a significant amount of credit card debt and auto loans have transitioned to delinquency, indicating a potential economic issue where individuals are unable to repay their debts, which could have broader implications for the financial market.

💡Pocket Veto

A pocket veto occurs when a bill is not signed by the President of the United States within a certain time frame, effectively preventing it from becoming law. The script discusses the potential for a pocket veto regarding a bill (SAB1 121) that discourages banks from providing custodial services for digital assets.

💡ETF (Exchange-Traded Fund)

An ETF is a type of investment fund and exchange-traded product, traded on stock exchanges much like individual stocks. The video discusses the performance of Bitcoin ETFs, highlighting their inflows and the number of institutional holders, indicating growing institutional interest and investment in Bitcoin.

💡Headwinds

In finance, headwinds refer to factors that oppose a company's or an economy's growth. The script mentions that JP Morgan sees limited upside for Bitcoin's price due to 'headwinds', which they define as a lack of positive catalysts and disappearing retail impulse, suggesting challenges to Bitcoin's price growth.

Highlights

The live stream discusses the ROI (Return on Investment) for Bitcoin after recent market movements.

The presenter mentions that despite some criticism, it's important to consider taking profits at the right time.

The live stream references Ben's website as a source for finding data on Bitcoin's ROI.

The current Bitcoin ROI is compared to previous cycles, showing that we are ahead of schedule.

The presenter discusses the concept of 'altcoin season' and its implications for the cryptocurrency market.

Meme coins like Pepe and Dogecoin have significantly outperformed Bitcoin in the last 90 days.

The presenter warns that if over 75% of altcoins outperform Bitcoin over 90 days, it might be too late to invest in altcoins.

Chainlink's recent partnership with JP Morgan and other financial institutions is highlighted as a significant development.

The presenter discusses the importance of staying informed about news and developments in cryptocurrency projects.

The historical best day to perform Dollar Cost Averaging (DCA) for Bitcoin and Ethereum is analyzed.

The macroeconomic environment is discussed, with a focus on increasing credit card debt and delinquencies.

A bill (SAB1 121) that could have impacted banks' handling of digital assets is repealed, which may be a loss for the crypto community.

The possibility of a 'pocket veto' by the President on the bill is explained.

Bitcoin mining costs have dropped as inefficient miners exit the market.

JP Morgan's limited outlook for Bitcoin's price in the near term is critiqued by the presenter.

Bitcoin ETFs are reported to have seen significant inflows, indicating a shift in institutional sentiment.

Eric Balchunas, a senior analyst at Bloomberg, comments on the success of Bitcoin ETFs and the bullish outlook for the market.

Morgan Stanley discloses significant holdings in a US spot Bitcoin ETF, adding to the list of major institutions investing in Bitcoin.

Transcripts

hello everybody Welcome to the Friday

live stream there is a ton of stuff to

go over so we just got to jump right in

so we can dive through all these things

so first of all of course like the

thumbnail and title suggests we're going

to take a look at the ROI Bitcoin Roi

after having and in the last 48 72 hours

or so I did a video where I talked about

hey it's a green day today time to take

some profits or time to cash out or time

to you know take something off the table

and when I did that video of course I

got a lot of people going what are you

uh idiot you shouldn't be taking any

profits right now we're going to go up

up to the moon and of course we talk

about this it's not just about like

going to the moon or whatnot and of

course on the video we we take a look at

the different indicators and know it

wasn't a great time to take profits but

we must always be aware that at some

point we're GNA have to take things off

the table and somebody put sent this to

me they go rob don't forget about the uh

Bitcoin Roi after having I go that's

pretty interesting I had to take a look

at that and of course the best place to

find this is uh Ben's website as I

totally steal everything from him but uh

this one this is us right now this is

cycle four return on investment and we

can see that of course we just had our

Bitcoin having about a month ago right

April 20th coming up on uh what May 17th

or so today so we can see that the ROI I

took a little bit of a dip but here we

are not too bad remember uh we're way

ahead of schedule in my personal opinion

as as opposed to like our previous

havocs but when we take a look at this

as far as like the and put things into

context let's take a look at the last

cycle look at that isn't that a isn't

that crazy just to think

about I mean it's just

unbelievable hold on real

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quick how do

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I there we go

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Jonathan yet again calling

me every single time all right sorry

about that so we take a look here and

we're going into cycle three and look at

this this Roi and what this we're taking

a look at is if the ROI value is two

then Bitcoin has made 100% move from the

having price right that's just where

we're at and right now for the having

cycle four we're at one point right now

we're at one point 01 but look at this

in the last cycle not too bad 7.38 and

look how much time it

took from the having which I want to say

was around May 11th May 12th of 2020 all

the way to the top and this is taking a

look at if we're taking a look at uh see

April let's take a look at November I

like how Ben did this you can either go

April or November because it was kind of

like a double top I think Bitcoin max

out on 63,000 then 67,000 we come over

here 7.86 so again we got a long way to

go but look at this this is what's

interesting take a look at the the the

cycle before that and we can see this is

where it kind of gets a little bit

jumbled let me take out cycle three take

a look at cycle two look at this one

this is a beauty this one we had it it

went from

2016 look at that July 11

2016 to the

ROI to jeez l 3.13 so there is a little

bit of diminishing returns but again it

was a long way to go after the having to

the next one let me put back cycle three

and now cycle one so here we go cycle

one was a long time ago we're looking at

2012 the very first having and then up

it goes if we can zoom in real quick

85.44 so yes there are diminishing

returns but again the time frame the

time frame we're at this is a very early

to where're to where we are potentially

going and then if we extrapolate

that I always want to take a look at

just you know where we could go there's

another one called the bit Bitcoin

Market cycle bottom Roi so with this

one again we take a look at cycle five

which was one we're at right now from

the from the Bottom I want to say that

was yeah November 2022 I think Bitcoin

was around 177,000 correct me in the

comment section and from that bottom

17,000 to roughly was it yeah March 12th

when we hit around 73 or something like

that 4.5 pretty good but that's from the

actual Market cycle bottom look at this

one if we take the last cycle before

look at these monstrous numbers 20

Market cycle

three 95 Market cycle two

o disgusting

417 I didn't want to show you this one

ah 525 so again we can see that there is

diminishing returns from the cycle

bottom as well as the ROI and we can't

really put that into perspective yet

from the having to the top to the top so

maybe we're over here but again only

time will tell as we move forward so

that takes care of the Bitcoin part

which second can you know people are

pretty keen on that but what about

altcoins is this what they call altcoin

season right now well there's a pretty

good uh thing on on the website altcoin

season index and we can see right

here I like how how this one was put out

the amount of the top 50

altcoins that have a 90day return of

investment greater than Bitcoin and this

is just going back 90 days it's updated

every single day and we can see if you

want to say this is the altcoin season

how it's defined on the site is you have

to be

75% of the

altcoins have to be ahead of Bitcoin

meaning they have to outperform bitcoin

not just a couple of days not just a

couple of weeks but 90 days moving

forward and we can see that right now as

it pertains Bitcoin Roi 29% over the

last 90 days pretty good but look at the

ones that have crushed it and we talked

about this on NFA live yesterday the

first two that have abolutely destroyed

in the last 90 days are mem coins Pepe

and dog with hat I know it pisses people

off at some point unless they invested

into it then all of a sudden they're

fine with the meme coins but then the

next part our weave which is essentially

a dpin play for uh blockchain saving or

uh file file saving uh within the

blockchain fetch ai ai play ton coin

which is through telegram then look at

this the next one

a meme coin so out of the top five three

of those are meme coins and then near

protocol look at that 142% Phantom all

right

Dogecoin again mcoin the first one

render AI play Bitcoin cash crazy B&B

and everybody's favorite I shouldn't say

everybody's favorite but salana as good

as it's been over 90 days it's only been

up 54% but you've still outperformed

Bitcoin but the thing I will say about

this as far as like altcoins and where

we're at when we're in altcoin season

meaning that over 90 days they've

outperformed Bitcoin what does that tell

you it tells you that if you're on that

side and you're like hey it's allcoin

season because over 90 days they've

outperformed Bitcoin it's too late you

kind of miss your opportunity in my

personal opinion I mean I could be wrong

here but I don't want to be on the

sidelines all the time now my portfolio

is 75% Bitcoin but I'm not going to

stand around

and just say well maybe I could be wrong

so far it's been okay for me since 2022

dollar cost averaging but you never can

tell and you never can tell when things

are going to really pop off and you

really never can tell what's going to

happen in with altcoins because as good

as things are I wanted to direct your

attention to one one particular altcoin

in

this outing that we

have chain link you notice one thing

about chain link it's down 18%

over last 90 days it's a negative Roi 90

days negative why is that was there a

hack did somebody come in and say hey

we're g to change the

whole the whole protocol we're g to make

things totally different or we've been

found out that we're actually a total

scam no nothing's really it hasn't

really happened at all but today there

was a big pump and we're like wonder

what happened this is what happened and

this is why like you can never really

understand like really what's going on

behind the scenes with a lot of these

projects and people will say well you

know I believe in this I believe in that

but really what it comes down to

is is you gotta like what you see and

you got to make sure that you're up on

it on all the news what's happening

because look at this one chain link

completes a pilot to accelerate fund

tokenization with JP Morgan Templeton

bny melon participating let me say it

again real world assets fund

tokenization JP Morgan the largest bank

largest bank in the United States I

think it's the largest bank in the world

timilon b&y melon one of the oldest

Banks the United States I'm not sure

it's the world they're participating in

link gain 7% now I think it's over 10

per. here's what happened the dtcc

depository trust and Clearing

Corporation world's largest security

settlement system completed a pilot

project with chain link and multiple us

financial institutions help the aim is

to help accelerate the tokenization of

funds like we're always talking about

real world assets tokenization the

purpose of the project called smartnav

was to establish a standardized process

to bring and disseminate net asset value

data of funds across virtually any

private or public blockchains using

chain link so again when we come back

here and we're like oh well it's not

allcoin season yet I think I think if

you get there it's too late Now's the

Time to actually do some things but

that's just how I see things let me know

what you think about that in the comment

section and then also

um I dollar crost average I don't know

what you do I can't give you a financial

advice not a financial

adviser just some guy in front of a

really nice green screen so there was

this part that I I found interesting uh

the historical best day to DCA and it's

like everything that you ever want all

the different assets that are out there

and how he breaks it down is it's using

the default 7day uh simple moving

average a value of one on Sunday would

indicate that the price on Sunday is on

average 1% higher than the average price

of the past seven days therefore the day

that has the lowest value in the chart

is the best day of the week the DCA so

taking a look at percentages and it's

saying

that

Bitcoin average extension

1.3 so the the historical best data DCA

is right there and then also there

here's one on

ethereum that we can see here average

extension let me see make

sure okay a value of one on Sunday would

indicate the price on Sunday is on

average 1% higher than the average of

the price the seven days so on Sunday

it's not a good day so you want to pick

the low days obviously so ethereum could

be Friday and there's a whole host of

things I can't show them all to you but

if you want to find that out there's a

link in the description you can check

out Ben's site so just thought it was

interesting how that was all pulled

together so I'm feeling pretty good

about it but I can't give you everything

that's great news I got to kind of rein

everything back and give you some bad

news so here you go uh defaults this is

from the uh Kishi

letter and apparently in the macro

environment maybe you're feeling this as

well nearly nine there's a huge amount

of credit card debt and now it's as I

was under the impression I thought it

was right under a trillion now it's 1.12

trillion nearly about we'll say 10%

nearly 10% okay nearly 9% of the 1.12

trillion credit card debt has

transitioned to delinquency meaning

people are not paying their credit cards

that's very bad because it's not like

they have super low interest rates this

was a status that was reported in q1 of

2024 and it's coming out recently that's

100 billion of credit card debt all also

8% I didn't know even know this 8% of

the 1.62 trillion of auto loans

transition to delinquency so again you

got people not paying their credit cards

and not paying their cars what happens

next they go into default if they that

happens people gets their cars picked up

which is a really bad idea for everybody

involved especially because no one's

making money people can't get to work

it's just a thing that I I see that uh

could really snowball into something bad

now we'll see how it all works out but

uh this is why money Printing and

probably rate cuts are on the horizon

but I could be wrong so uh this is not

positive but I had to bring it to your

attention because if I give you

everybody like the moon boy stuff and

people go crazy so there's that part

also here's another thing uh there was a

bill that was shot down actually it was

repealed and it went through House of

Representatives here in the United

States we had two Chambers House of

Representatives then it goes to the

Senate then it goes to the president

United States to to either sign or

veto and the bill sab1 121 which

discourages banks from providing

custodial services

for digital

assets and the reason why it was bad it

required them to keep those assets on

balance on balance versus off balance as

a little refresher like I said in my the

X poost when you have something off

balance it means that assets are not

reflected in the company's financial

statements and are not used by the

company to impact the company's ratios

or leverage meaning they can't use it

that was the problem with FTX and

Celsius and void

and bl is they held them on

balance and that's what this law was

repealed by the House of Representatives

and by the Senate now the question

is will it actually be vetoed because

there was a letter that was put out by

the president of United States saying I

will veto this bill if it gets through

the Senate so we'll see and Elanor trr

fantastic reporter here she says that

there's a thing called a pocket veto

I've never heard of this in my life

but this is actually what could happen I

found this fascinating that they could

do this

stuff pocket

veto which I've seemen to people mention

is what happens next to sa

121 from the time of Bill reaches his

desk meaning has to go through House of

Representatives Senate then to his desk

president has 10 days excluding Sundays

to either sign or veto it if he does

nothing in Congress is in session the

bill will pass into law without a

signature but if he does nothing when

Congress is not in session something

called the pocket veto can occur because

Congress is not in session to receive

the sign of V this means the president

can basically give his stamp of

disapproval and pin the bill resolution

on not becoming law and he can pin it on

Congress and say ah they screwed

up so what does that mean well Congress

will be on break starting May 2 7th to

June 3rd which could fall during that

10-day window but even though Congress

is scheduled be in recess they can still

be in something called a proor session

which will allow the house to receive

Biden's either sign or vetto Bill and

rent the so-called pocket vetto so don't

be surprised if this gets shot down

President Biden already said he was

going to shoot it down and maybe he

could do the pocket veto as elener comes

out here so that's not great that's

actually a loss for us be a win for

Elizabeth Warren the ultimate crypto

Karen but whatever so there we are

democracy in

action and then lastly as far as the

negative news uh which I don't think is

that bad Bitcoin mining cost drops the

45k as inefficient miners exit and JP

Morgan who was just revealed to have

participated in the uh Bitcoin ETF the

bank sees limited upside for the Bitcoin

price in the near term due to a number

of head I'm going to skip all this

because it's kind of boring this is what

their headwinds are they said look uh

there's two headwinds which is pretty

weak what they said lack of positive

catalysts and disappearing retail

impulse weak sauce so the thing is with

this as far as positive Catalyst we

actually laid these out in a video we

did three or four days ago it's called

the four Catalyst really comes down to

the M2 money

supply PR go bur it comes down to R cuts

which at some Point's going to happen

which we really talk about that we talk

about the presidency which I don't

really care who wins as long as we get

out of the way because the market

doesn't like volatility they don't like

indecision so they just want to get it

and then after that it'll probably do

pretty well re reallocation of funds and

then another one called

13f and we'll get to that in a second so

there's a link in description you can

check that video out but it's basic

stuff I mean JP Morgan can say it's

negative I don't really find it negative

okay so that's the negative

part let's close this out out on a high

note Bitcoin Traders are targeted 74k

next week as a spot ETFs log four days

of inflows if you don't know and the

whole article is great but I'm not going

to read it pretty much what they say is

because there's so much inflows they the

institutional mindset has shifted the

sentiment has shifted and we're going to

see 74,000 which would be an all-time

high coming up next week and uh well

they are right on that point we've had

four days of inflows this is from he

apollo. if you're not looking at the

screen I can just show you just tell you

that there are four positive days of

Bitcoin ETF flows we're not at the

all-time high for total net Flows at

2176 I think we were beaten out over

here around 220 yeah 22.3 on April 10th

but we're pretty darn close and that

means we have

gone north of what happened on May 1

when we had almost negative

10,000 uh which was pretty bad but of

course if we have institutions coming in

that means more money's coming in

everybody's happy so that's great on top

of that there was another another chart

for Bitcoin days in profit because we've

been hovering around the all-time highs

yeah we're a little bit low I I got you

but if we take a look here April 24th oh

it doesn't go through we're still pretty

good as far as days and profit as

opposed to a lot of the altcoins that

are out there so I like to see that and

then also Eric balunis says it perfectly

and Eric senior Analyst at Bloomberg he

says look you guys don't understand just

how well the ETF actually did ibit

Bitcoin ETF provider ended up with 414

holders in the first 13f season the 13f

of course when they actually have to

file file with the SEC these

institutions and say yeah we hold it and

that's what's

happening 414 holders in the first 13f

season which is mind-boggling it blows

away any record that's been out there so

there's a lot of big players JP Morgan

one of them who said we got to get in on

this and they did it and now they have

to file and now it's public and now

we're like hey and it's just been coming

out and we'll get to all those in a

second even having 20 holders as a

newborn is a BFD it's a big effing deal

highly rare here's a look at how the

Bitcoin ETFs compared to other ETFs

launch in January and you can see it's

almost laughable I mean

look people have poo pooed Bitcoin

forever they've talked about ETFs

they've talked about the nonsense that

is digital assets and now here we are

it's one of the best performing ETFs of

all time so I think that's pretty good

also a bit why C CIO says Bitcoin ETFs

are huge success and 13 FS make him

incredibly bullish like we just talked

about and to just to partner off that I

just saw this today this was yesterday

Morgan

Stanley discloses the US spot Bitcoin

ETF Holdings worth over a quarter of a

billion dollars in filings not bad so

because of that

I had to add them to my

list of the Bitcoin ETF reveal and as a

as a reminder there's a link in the

description and this is all

the the high value interesting

institutions that have gotten into this

ETF Booth Bay 150 million Millennium

management discloses two

billion Pine Ridge advisors 205 million

state of Wisconsin investment board not

bad 100 million Switzerland Bank Bank of

Montreal Bracebridge with 262 million JP

Morgan

Rothchild

Millions ah rubric Capital 60 million

and wills Fargo as well then of course

now we have Morgan Stanley with 270

million in filing so

again I know I sound pretty bullish

today but there's a good reason for that

things are moving in the right direction

I couldn't be happier does that mean

that we're gonna go straight up yeah

probably not but I tell you I tell you I

still think we're in the right place at

the right time and we're early don't let

anybody tell you differently that's it

for today so look I know it's a little

bit long 22 minutes that's it for today

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