Welcome to my 252nd video. A significant milestone I’m sure you’ll all agree. We’ve recently had the biggest news of the year. News that should have been big enough to break bears. Literally news that makes cryptocurrency on the verge of a mainstream currency.
Quick recap. The CEO of the NYSE, https://www.google.co.uk/search?rlz=1C1CHBF_en-GBGB727GB727&ei=_BVoW_uOLYbDwQKM1ZfwBQ&q=NYSE+ceo&oq=NYSE+ceo&gs_l=psy-ab.3..0j0i20i263k1l2j0l4.2664.3083.0.3203.4.4.0.0.0.0.88.284.4.4.0....0...1c.1.64.psy-ab..0.4.282...0i67k1.0.gvYDB8buIfk Oh never mind.
CEO of the world’s largest exchange by market capitalization of listed companies which is over $21.3 trillion dollars as of last year https://en.wikipedia.org/wiki/New_York_Stock_Exchange Where the average daily trading value was approximately $169 billion in 2013. My source for that is Wikipedia, infallible. He said Bitcoin could be the first worldwide currency: https://www.ccn.com/bitcoin-could-be-first-worldwide-currency-nyse-owner/
Nothing. No one seems to care. Enough people cared last year when two negative statements from Jamie Dimon both coincided with Bitcoin falls. What is this a popularity contest? You know what roll the clip. Makes me feel better.
So, the intercontinental exchange or ICE for short is a company which owns the NYSE and other global marketplaces is forming the new company named Bakkt. Right we’ve heard this, they’ve got already got major retailers in Starbucks and Microsoft signing up, but did you know they are going to launch as soon as November? And not just a payment processor exposing Bitcoin to millions of nocoiners, but a tool for money managers to offer Bitcoin mutual funds, pension funds, and ETFs, as a highly regulated mainstream investment.
Credit cards are getting involved too: https://www.coindesk.com/mastercard-wins-patent-for-speeding-up-crypto-payments/
Mainstream people, the big time. It doesn’t get any bigger. Unless China lifts the banking ban on crypto, that would probably be bigger. We don’t need the SEC to approve a Bitcoin ETF, this is practically the same thing. Assumable you can buy Bitcoin directly through a brokerage alongsi8de your stock portfolio. Who needs the CBOE ETF then?
Many can point at Bitcoin this year and say, bad investment too volatile. We get global trading volume from all these on ramps and boom, stability.
The most amazing thing, after all this, is Bitcoin drops 7% on the day. What? Are you kidding me. How the hell does that happen. Ok so we’ve known all this year that news no longer does much of anything for crypto. Fair enough.
Now there are more on ramps for Crypto. More than ever, bring on $5k, bring on $3k I don’t care. I will just buy some more. Eventually when things start to go up, things can get really crazy really quickly. So, the futures bright, the futures orange.
Smash like if you agree.
