BlackRock Bitcoin & Ethereum ETF MASSIVE NEWS! + Polkadot crypto is DEAD!

This hasn't happened to Bitcoin in six years .

Bitcoin's overall supply on exchanges is down to just 5.38% .

The lowest it's been since December of 2017 .

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Let's get this out there to as many people as possible .

Bitcoin's price has risen above $38,000 as Bitcoin supply on exchanges drops to 5.38% .

The lowest it's been since December of 2017 amid the declining trust in exchanges following the likes of events like FTX collapse .

B legal troubles .

This trend towards Bitcoin self custody because that's what they're doing .

They're taking Bitcoin off of exchanges where they could sell and moving it into long term self custody wallets .

This is seen as bullish and in fact , has contributed to Bitcoin's significant rally of 130% since the year's start .

Let's talk about Bitcoin and Ethereum because I'm not sure if you're aware , I'm not sure if you've seen this seven spot Ethereum ETF S have been filed .

There's about 12 plus Bitcoin Spot , ETF S and now seven plus Spot Ethereum , ETF S , Blackrock fidelity van Neck Grayscale these institutions all want in and check out this list , the most updated list of deadlines for the seven spot Ethereum ETF S .

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We'll keep you updated on all of this just like we're doing now .

Spot ETF S .

The impact of these on both Bitcoin and Ethereum is huge .

Most people don't realize what I'm about to share with you guys send this video to a friend because this is exactly what spot Bitcoin , ETF S and spot Ethereum , ETF S are going to do to the price of Bitcoin and Ethereum .

You need to understand this talk of ETF approval misses the forest for the trees .

It's not just about immediate reactions or flows , it's about the recognition of Bitcoin and Ethereum as an institutional asset , pensions , endowments , insurance , investment portfolios , et cetera will soon be entering the arena with passive buy side flows for the long term .

So understand the momentum in December of 2020 Mass Mutual , an institution invested $100 million into Bitcoin .

We covered this .

This was a big deal at the time .

In fact , it was massive except not really mass mutual manages 235 billion in assets .

100 million of Bitcoin is , it's about a 0.05% allocation .

This is a big deal .

But with these ETF S , we're about to see inflows of much , much more than this .

And large institutional investors don't purchase something to flip in the next month .

They're constructing portfolios for multiple decades .

So a 0.05% allocation is literally just the start .

There are many more mass mutuals out there .

And all of these allocators are staring at their bond portfolio which is down 50% from all time highs questioning previous assumptions that they held and the endorsement of Bitcoin and now Ethereum from the likes of Blackrock and Ceo Larry think isn't a sign that Larry and Blackrock is suddenly a Bitcoin Bowl .

It's a sign that clients are knocking on Blackrock's door asking for a vehicle to gain exposure .

And the narrative violations are strong in trad fi passive accumulation of Bitcoin .

So cost averaging Bitcoin from Bitcoins all time high .

If you started buying Bitcoin at Bitcoin's all time high of $69,000 that would put you up 45% right now on your Bitcoin position .

If you're passively cost , averaging the same passive allocation into long bonds has you down 12% .

But the volatility guys volatility is opportunity .

Again , it's a misunderstanding of time horizon , a 1% allocation to an asset that they don't plan to liquidate for years or decades with an extremely strong sharp ratio is within their risk profile .

If you want proof , just look at the rest of their portfolio .

So no , Bitcoin is not going away .

Ethereum is not going away .

No , neither Bitcoin nor Ethereum died when FTX collapsed .

Yes , supply is held more tight than ever before .

Yes , perpetual credit expansion of the yet monetary system is an ongoing reality .

No , there is no sense of fiscal austerity present anywhere .

Yes .

This illiquidity means marginal flows into the market , send the price higher , which is why all of these institutions will start with a tiny 0.05% stake while continuing to passively allocate steadily for the long term .

Reinforcing all of this with Bitcoin is the shift in narrative and negative bias around energy usage and mining .

Evidenced by new academic papers on mining as a tool for balancing the grid and monetizing waste energy .

You can read any of these and of course , Ethereum doesn't suffer from this negative press tldr the landscape and profile of the asset has shifted of Bitcoin of Ethereum of crypto .

It's not about the ETF it's about the reason why the ETF is coming .

Institutional exposure has been given a green , it won't happen all at once but understand the shift that is underway .

Bitcoin and Ethereum has been passively accumulated by individuals and retail for some time now .

While institutions mostly watched The Madness from the sidelines .

This is all changing guys .

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We need to get this information out there .

People will .

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And this is all a tale as old as time .

Yeah .

Banks didn't like Bitcoin in the beginning .

That's all changing .

Just like taxis didn't like Uber hotels didn't like air BNB stores didn't like Amazon theaters didn't like Netflix , but the world is trending digital .

This is all happening .

There's no stopping it .

We show you the revolution of Cryptocurrency on a daily basis .

You would have known months ago that Cryptocurrency is gonna come back if you would have subscribed to us .

So guys , this bull market is just getting started .

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We've participated in this in past years and actually been winners in past years .

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Let's get to some alt coin news .

Coinbase plans to integrate with Solana Coinbase plans to add Solana rails .

This is a big deal for Solana holders and overall , this is towards Coinbase goal .

The company wants transactions on its platform under one cent and under one cent under one second under one cent to do that Coinbase will be integrating not only Solana but Bitcoin lightning network and other layer ones that are very fast , like Solana , Ceo Brian Armstrong told decrypt and this cycle , in my opinion , never been a better time to be bullish on alt coins because they have so much going for them versus any other cycle .

So this is not even avalanche's ecosystem .

This is a vertical of an ecosystem .

This is avalanche's gamey gaming ecosystem looks quite impressive .

Polygon though dealt a major pr blow .

A lot of people saying this is a major *** in polygon's armor .

The news is that Polygon gave draft kings , you know , draft kings there .

It was a big deal when the this partnership was announced using polygon running a polygon validator .

Apparently , Polygon gave Draft Kings multimillion dollar edge in special staking relationships .

So they gave them an unfair edge .

It's sounds like Blockchain .

Data shows the crypto project quietly gave Draftkings preferential treatment while telling the public it was an equal member of the validator community .

Sports betting company .

Draftkings publicly agreed in early 2022 to be a network validator that helped run the polygon Blockchain .

Well , on chain data shows that Polygon gave Draftkings millions of Matic tokens to help its validator turn a massive profit with little precedent .

And then on top of that , even though it was being subsidized , draft Kings failed to maintain its validators performance and was kicked off the network last month , just kind of showing that seems like they never really cared in the first place despite this and this is not good .

I , I still think Polygon is one of the better projects going into this next bull run and taking a look at the price .

Seems like this was little effect on the market now .

This is major news for iota but iota it's not even last cycle alt coin .

It's like 23 cycles ago , alt coin .

So I don't know , is iota internet of things still in the conversation in a big way ?

Well , according to this news , I mean , this is good news .

Iota launches a 100 million Abu Dhabi Foundation for Middle East expansion .

The IOTA Ecosystem DLT Foundation is the first in fact to receive approval from the regulators in Abu Dhabi after its financial authority passed a new related law earlier this month .

So we're gonna dive deeper into this .

We'll , we'll give you an update in the coming days , coming weeks .

But uh interesting because I really haven't heard a lot about iota in not even years in cycles .

It seems like polka dot Many of you have been asking me for an update on popular L one polka dot This is that update .

And guys , if you want me to update our community on a certain Alt Quin project , let me know in the comments below .

I'll be reading , but this is the update on polka dot Polka dot is dead .

Polka dot is dead just has more than 5000 monthly code commits and hundreds of active developers building on it daily .

Polka dot is dead just was never mentioned by the SEC as a security because it's just software .

Polka dot is dead .

Just its superior SDK being constantly integrated by other major L one blockchains .

Polka dot is dead just has a treasury with around 44 million in dots .

That's 220 million to distribute for ecosystem growth .

Polka dot is dead just over 3.5 billion staked dot securing the network .

That's more than 52% of T CS .

Polka dot is dead .

Just offers the most sophisticated , fully decentralized open government system in the entire industry .

Polka dot is dead just has the man who built Ethereum co-founder of Ethereum and founder of dot has him in some days as chief architect pushing the code relentlessly A K A .

We're talking about Gavin wood .

Of course , Polka dot is dead .

Just provides the safest and most unbreachable infrastructure with shared security .

Polka dot is dead just getting ready to witness the biggest transformation in web three history with polka 0.2 0.0 by developing a more flexible and fundamentally better new model .

So this is exciting .

So is Polka dot dad obviously not and there's your update guys , it's still very much in the game .

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