All right, guys, everyone wants to know what the heck is going on with Bitcoin.

All these other assets are falling out of the sky.

We got stocks down.

We got gold down. We got bonds down. People are freaking out. Oil spiked. Everyone's worried about inflation. And people want to understand why is Bitcoin still green? How the heck is it that the asset is supposed to be a beta to all risk somehow up, given the geopolitical conflict? Well, the simple thing is that we can just go straight to the data.

First, let's look at Bitcoin long-term holders. somehow up given the geopolitical conflict. Well, the simple thing is that we can just go straight

to the data. First, let's look at Bitcoin long-term holders. Bitcoin Archive here shows that the

Bitcoin long-term holders, they've bought 308,000 Bitcoin recently. The reason why that's important

is if you have a persistent bid in the market, then naturally you should expect the price to find

a floor. Some of this is coming from strategy or other companies in the public market. But also, you're starting to see the OGs, the long-term holders that had been accumulating for a long time, they were selling last year, starting to buy again. That's usually a pretty good thing. One thing to remember is that Bitcoin's volatility was like an 80 or 90-vol asset. But now that's compressed down to like 35 or 40, so basically got cut in half or so. Well, that makes sense if all of a sudden the drawdowns used to be 80%, 85% in bare markets, but now it's only been about 50. I don't know, I'm not a mathematician, but that seems to be working in our favor. Now, the other reason why I think that there is quite a bit of excitement and enthusiasm

is that Morgan Stanley recently filed to actually publish a Bitcoin ETF.

They see what BlackRock's doing.

They see all the money that's being imprinting.

BlackRock is now a Bitcoin company.

They literally make more money from their Bitcoin ETF than any other product in their suite. Congratulations to them. Super smart of them to launch it. And obviously, it's been very successful. Fidelity, they're in the game. You've got companies like Bitwise or Vanek. They're all trying to get a piece of this pie. And guess what? Morgan Stanley, they ain't going to sit by and let this thing go without them. And so Eric Boutchunis over at Bloomberg, he says that we are going to see the Morgan Stanley

ETF go live this week.

It's obviously going to be a very big deal.

But if we have long-term holders accumulating and now we've got a net new thing like the

Morgan Stanley ETF, which has massive distribution due to their sales team, what's likely to happen?

Well, in my eyes, it makes Bitcoin the shining light in a sea of red according to Iran.

Now, why do I say according to the Iran conflict?

Well, if you think about what's been happening as investors are scared, there's uncertainty,

there's chaos, when is this thing going to end?

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