This podcast explores the Bitcoin ETF, with discussions on its potential approval and implications for the price of Bitcoin. They also tackle Bitcoin's association with criminals and tax avoidance, and provide updates on Fidelity's Bitcoin ETF and the role of DTCC. Additionally, the podcast touches on the current price movement of Bitcoin and Jamie Dimon's stance on the globalists and the 'woke' movement. Overall, it offers insightful perspectives on the intersection of Bitcoin, Wall Street, and geopolitics.
The Bitcoin ETF approval is progressing positively with various companies making advancements, indicating growing confidence in its approval.
There is an ongoing battle between Wall Street and the globalist Marxist movement, playing out in the approval process of Bitcoin ETFs and the issuance of treasuries.
Deep dives
Bitcoin ETF Progress
The Bitcoin ETF approval seems to be progressing positively, with various companies like BlackRock, Fidelity and VanEck making significant advancements. The SEC is reportedly working to finalize the necessary details for approval, and it is unlikely that the approvals will be delayed beyond January. Fidelity recently received their ticker symbol 'FBTC,' while VanEck has submitted an S1 amendment for their Bitcoin ETF with the ticker symbol 'HODL.' These developments indicate a growing confidence in the possibility of a Bitcoin ETF getting approved.
The Role of Reverse Repo Agreements
The current run rate of the overnight reverse repo agreement is being closely watched. While some claim that reverse repo is solely about excess liquidity, it actually serves a market demand for treasuries. Large banks and entities are lending cash to the Fed in exchange for treasuries and earning a reverse repo rate. There have been concerns about the draining of excess liquidity through reverse repo agreements. However, the demand for treasuries remains high, as evidenced by the declining yields. Once the reverse repo facility is tapped dry, the private markets will need to absorb future treasury issuance, and it is unlikely that the Fed will step in as the last resort buyer.
The Battle Between Wall Street and Globalists
There is an ongoing battle between Wall Street and the globalist Marxist movement. Wall Street, represented by companies like BlackRock, is pushing for Bitcoin and shifting away from the influence of the globalist forces. The Federal Reserve, which is owned by Wall Street, is also favoring Bitcoin and resisting the push for central bank digital currencies (CBDCs) driven by the globalist movement. This battle is playing out in the approval process of Bitcoin ETFs and the issuance of treasuries. The outcome of this battle could have significant implications for the future of finance and the influence of globalist ideals.
Bitcoin Price Update
The price of Bitcoin is currently hitting new highs, reaching $44,522. While there was some initial weakness observed, the price continues to move upwards. However, it is important to note that short-term price movements should not be seen as indicative of the long-term trend. The ongoing developments in the Bitcoin ETF space and the increasing adoption of Bitcoin by major financial players are likely contributing factors to the positive price momentum.
Bitcoin & Markets: Macro, money, geopolitics and news
LIKE AND COMMENT!!
In this live stream replay, I discuss Jamie Dimon bashing bitcoin in front of Congress. Implicating his own daughter in crime, drug trafficking and more. Then we cover ETF news, it's getting closer. I dive into my, perhaps, oversimplified theory of the sides in the US power struggle, Wall Street Capitalists vs Marxist Globalists. Lastly, I discuss a misunderstanding of the recent reduction in Fed's reverse repo.
--- Disclaimer: The content of Bitcoin & Markets shall not be construed as tax, legal or financial advice. Do you own research. https://bitcoinandmarkets.com/disclaimer/
#bitcoin #macro #geopolitics
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