rdbase (OP)
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January 04, 2024, 02:38:22 PM |
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A statement from one of the founders of Matrixport who happened to be a well known person in bitcoin @JihanWu: "Matrixport's analysts operate independently, expressing their opinions without any influence or interference from management. They are employed for their superior analytical skills compared to mine and other management team. I have only briefly glanced at the title of the report, as have many of you. Markus, a talented analyst, authored "Crypto Titans" last year, detailing the price history of cryptocurrencies. His book vividly recounts events, sometimes more clearly than my own memories, even in instances where I incurred financial losses. At the outset of 2023, Matrixport was among the few who accurately predicted Bitcoin's low point and maintained an extremely bullish stance. As intended, this recent report was prepared for Matrixport's clients. However, its wide spread by the media was not planned by Matrixport and is beyond our control. As far as I know, Matrixport has been consistently advising our clients to be mindful of risks and leverage, especially given the market's volatility spurred by expectations surrounding Exchange-Traded Funds (ETFs). This volatility is evident in the perpetual market's high funding fees and the recent decline in crypto-related stocks in the stock market over the past two trading days before today. Looking at Bitcoin's history and its future prospects, the current volatility and the potential approval uncertainty of a Bitcoin ETF in January 2024 are ultimately of no importance. In the long term, Bitcoin will always prevail. In my opinion, the approval of a Spot ETF by SEC, which will attract fresh investment into Bitcoin, is inevitable. Bitcoin is poised to solidify its position as a store of value and a risk-hedging asset akin to be better than gold." source: https://twitter.com/JihanWu/status/1742577001633026365For those who don't know who this person is. He is the one with Roger Ver condoned Bitcoin SV & Bitcoin Cash: https://www.financemagnates.com/cryptocurrency/news/whale-attack-jihan-wu-of-bitmain-may-unload-his-satoshi-vision-coinsSo all in all, this speculation on not having a spot ETF approval in the month of January was just that, speculation without having their analysts doing any fact checking on the situation causing the red on the bitcoin markets when the news was released earlier yesterday.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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rohang
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January 04, 2024, 06:02:26 PM |
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A statement from one of the founders of Matrixport who happened to be a well known person in bitcoin @JihanWu: "Matrixport's analysts operate independently, expressing their opinions without any influence or interference from management. They are employed for their superior analytical skills compared to mine and other management team. I have only briefly glanced at the title of the report, as have many of you.
Here is the link for full article- https://dailycoin.com/crypto-crash-beyond-our-control-says-matrixports-wu/They are insisting it was not an attempt to manipulate the market, i find it hard to believe they didnt expect this to happen. However as the article says the (perhaps exaggerated) reaction to a single analyst report is not good for crypto markets and investors alike.
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rdbase (OP)
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January 06, 2024, 11:58:12 PM |
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What is this It will be approved, it won't be, it will be tomorrow.. BS?! They will or they won't before next week is done January 10th was the settle date to have it done with. This is how it is looking right now. Wake up! https://twitter.com/CryptoYapper/status/1743215764163731659
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LSDadventure
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January 07, 2024, 11:30:24 AM |
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Jihan Wu is a man behind Bitman and he supported a scam team with Roger Verr, Craig Wright who want to be recognized by community and government as Satoshi Nakamoto. I don't trust this man. Also Wu wiped out his engagement in any report from his company Matrixport by saying that the company has many departments and many staffs who are responsible for collecting information, writing reports. He is not responsible for it and not engaged in approvals of those reports before publishing.
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tread93
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January 07, 2024, 11:56:51 PM |
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There were three more ETFs waiting for approval from the senate. This time one of them have to go through since bitcoin has raised in price by 10 fold since the last time they were looking at them. And the economic situation has changed so drastically with the collapsing of the debt ceiling.
Honestly they seriously can't delay their decision much longer can they? I'm sure IF an ETF gets approved it will have both good and bad implications. I am mostly leaning more towards them being good and positive effects overall. One can only hope! There has certainly been a lot that has happened in the world to your point since they last looked at this.
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rdbase (OP)
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January 09, 2024, 10:41:55 AM |
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Jihan Wu is a man behind Bitman and he supported a scam team with Roger Verr, Craig Wright who want to be recognized by community and government as Satoshi Nakamoto. I don't trust this man. Also Wu wiped out his engagement in any report from his company Matrixport by saying that the company has many departments and many staffs who are responsible for collecting information, writing reports. He is not responsible for it and not engaged in approvals of those reports before publishing. He does make himself look like a puppetmaster of sorts. From all his under the table dealings of the past and with bitmain the mining company on top of all their history in the space. I don't even think his partner Mr. Ver fully trusted him either. And Mr. Wright, well, let's just keep this thread on topic shall we? Yes @tread93 most certainly to the fullest extent would be agreeing with you on this statement you had pointed out! And the cryptocurrency environment has most certainly changed since this very thread had been created as I might point out aswell. Here is the latest news about the fee structure they intend to imply once the approval process has been concluded. Some say as soon as tomorrow which was the next deadline many are hoping to close this journey towards institutional adoption of bitcoin: Source from Reuters: https://www.reuters.com/technology/companies-disclose-expected-fees-spot-bitcoin-etfs-ahead-sec-decision-2024-01-08
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rdbase (OP)
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January 10, 2024, 08:09:30 AM |
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They found the hacker: https://twitter.com/CryptoTHFC/status/1744853343275552987This so called crypto influencer has been at SEC headquarters since Monday and last time I heard was camping out infront of their building in protest as you all can see from his sign, until someone from the SEC comes to meet with him or the BTC spot ETF is approved. At this rate he will be there til next week.
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Reid
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January 12, 2024, 12:53:36 AM |
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Finally!!! https://x.com/Cainewei/status/1745188610712678651?s=20Bitcoin ETF supporters can finally slow down now. This is the start, the spark, and I think there will be more coming this year. I always think it will happen, I am very optimistic too but I was surprised it was approved this early. I thought the SEC would still try to lengthen the process and make all Bitcoin ETF supporters drool while waiting for the approval. I guess they could not take all the hype that is going on social media. It had been the talk for months ever since that fake news about the approval came out last year. Here's a good read from CNBC for those who likes to understand how it will affect the market and what it will mean for investors. https://www.cnbc.com/2024/01/11/heres-what-a-bitcoin-etf-actually-means-for-investors.htmlThe actual approval Wednesday marked a massive step for the cryptocurrency, as it will give investors increased ways to gain exposure to the token — not just from holding it directly, but via existing financial instruments that trade on a regulated stock exchange. A nice day to celebrate the good news.
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rdbase (OP)
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January 14, 2024, 10:29:50 AM |
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After all the dust has settled here are those fund managers from the companies which had their applications approved by the SEC to begin trading their BTC Spot ETFs on the market late last week: Firstly lets get this out of the way - Bitcoin When Go To Moon anthem: https://www.youtube.com/watch?v=8rGuH0vBLLsGalaxy Digital's Michael Novogratz on bitcoin ETFs: An amazing product for consumers & institutionshttps://www.youtube.com/watch?v=CoFM8TUZ6J0Grayscale CEO Michael Sonnenshein on bitcoin ETF approval: The culmination of 10 years of workhttps://www.youtube.com/watch?v=GOOzszrxC3ABlackRock CEO Larry Fink: Bitcoin ETF approvals are 'stepping stones' towards tokenizationhttps://www.youtube.com/watch?v=se1bcqMYg8gARK Invest CEO Cathie Wood: Our base case for bitcoin is $600,000, bull case $1.5 million by 2030https://www.youtube.com/watch?v=K5NB8MHe3NwAlso the biggest Bitcoin and Crypto-related exchange in the United States has his response to what this new spot ETF means to cryptocurrency in the future: Coinbase CEO Brian Armstrong on SEC ETF decision: We'll see new pools of capital come into bitcoinhttps://www.youtube.com/watch?v=Ml5DSW5xoL0And lastly we have the head of the SEC Gary Gensler post approval and what he has to say about his struggles on getting this finally done SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatilehttps://www.youtube.com/watch?v=kXZyoVatAX4All the above are sourced from CNBC Television's youtube channel.
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Reid
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February 08, 2024, 12:50:17 PM |
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That dude is always angry. From $39k to $44k. I think it did well. Now, I want to see more of this Bitcoin ETF's being approved and I bet it will increase more. I bumped into this while looking for more news. Spot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leadshttps://www.coinspeaker.com/spot-bitcoin-etfs-nine-days-inflow-fidelity/BlackRock and Fidelity continues to see inflows for their spot Bitcoin ETFs eating the market share from Grayscale as GBTC continues to bleed amid high management fees. On February 7, the spot Bitcoin ETF products recorded their ninth straight day of net positive inflows. As per data from Farside Investors, yesterday’s inflow was the highest for the month of February so far, at a hefty $145 million. Interestingly, this also coincides with Bitcoin’s 4% price rally to $44,500. This is indeed good news and the competition is healthy. Blackrock and Fidelity are now on the lead when it comes to inflows, Grayscale in trouble although the outflows are slowing down.
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rdbase (OP)
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February 28, 2024, 11:59:25 AM |
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With bitcoin reaching $59,000 which was an increase of 11% in just the past 48 hours many believe it has been due to the amount in the bitcoin spot ETFs in each of the company holdings: https://twitter.com/therationalroot/status/1762415812441207184
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rdbase (OP)
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March 21, 2024, 10:07:46 AM |
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It has been a rather interesting past few months when the spot ETF was approved for bitcoin. We had seen it reach all time highs of over $73,337 on some exchanges then plumet down to $63,600 from what we just seen it do yesterday. This is a good article to see what the bitcoin halving will do with these inflows and outflows and how it will affect the price in the coming month when it actually does occur: https://bitcoinmagazine.com/markets/impending-halving-creates-chaos-and-opportunity-in-bitcoin-market
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Reid
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April 13, 2024, 06:07:32 AM |
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I don't know. I am not expecting a lot of impact in this years halving because that is likely to happen just like most of the halving before. But give it months or a year and we will probably see a sudden pump to the Bitcoin market as they feel how the halving will affect everything. It needs to be marinated. It's true that the ETF's entry made a big boosts to the value of Bitcoin but still, we cannot tell what will happen in the future or what the halving's effect will be. This is just a speculation and the hype will probably calm down soon. Long-term I believe ETF is great for Bitcoin but so is the halving. It would not be in this position if the past halving didn't happen.
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