1442: “OMG BlackRock is Buying a Ton of Bitcoin”
Bitcoin News Alerts | Daily BTC News
Justin Verrengia
3.6 • 626 Ratings
🗓️ 26 October 2023
⏱️ 29 minutes
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Summary
Transcript
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| 0:00.0 | In today's show, I'll be breaking down the latest Bitcoin technical analysis. As Bitcoin traders |
| 0:04.8 | earmark key Bitcoin price levels, as 34,000 struggles to hold, as well as Bitcoin dominance |
| 0:11.1 | hits a whopping 54% its highest in the past two and a half years, as Bitcoin having fast |
| 0:17.1 | approaches, and quoting the high priest of Bitcoin, Max Kaiser, hash precedes the price. |
| 0:22.7 | First, we saw the hash rate skyrocket, and now the Bitcoin price is starting to catch up. |
| 0:27.0 | The implied hash adjusted price is over $300,000 per BTC. |
| 0:32.5 | Also, breaking news, the SEC chairman, Gary Gensler, says the SEC has eight to ten filings on Bitcoin |
| 0:38.3 | ETFs in front of the commission. Also, Sam Bankman-Fried's testimony to challenge government |
| 0:43.4 | claims. I've been breaking down the latest, as well as Gary Gensler teasing the details of the |
| 0:48.1 | SEC's $5 billion taken from enforcement actions. Also in today's show, U.S. regulated spot Bitcoin ETF to trigger |
| 0:56.7 | a Bitcoin surge to over 46,000, says Galaxy Digital, I'd be breaking down their timeline, as well as |
| 1:03.3 | Bitcoin to repeat gold, 475% post-ETF rally. Bitwise as Matt Hogan says the approval will |
| 1:10.5 | unleash a new capital wave. |
| 1:13.1 | Also in today's show, BlackRock takes the apparent new step in their Bitcoin, ETF prep. |
| 1:18.9 | That's right. |
| 1:19.7 | BlackRock is buying Bitcoin, but it won't directly pump the markets. |
| 1:23.6 | Here's why. |
| 1:24.2 | The simple reason is that they are acquiring Bitcoin through miners, exchanges, and governments via over-the-counter transactions. |
| 1:31.9 | This method doesn't directly influence the price of BTC. But don't be fooled. They are accumulating. They literally stated this to the SEC. |
| 1:40.6 | We'll also be taken a look at the overall crypto market, all this, plus so much more in today's show. |
| 1:53.2 | Yo, what's good, crypto fam? This is first and foremost a video show. So if you want the full |
| 1:58.3 | premium experience with video, visit my YouTube channel |
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