How many millions of Bitcoin are these ETFs going to need?And if they did buy on on the market, how high will the price go or how high probably would the price go if they went ahead and did that?I have much more information as well.So we have an update on the BlackRock BTC or IBTC ticker and has reappeared on the DTCC website.ADTCC spokesperson said this list is for those who are eligible, which includes active and potential ETFs.And that Black Rocks iShares Bitcoin Trust ETF was added in August as standard practice.So this has been around since August.All right, people think, oh, this is the reason why the Bitcoin, why Bitcoin has pumped to like 35 or whatever.But in reality it's not.And I can prove it because this news is out and Bitcoin is almost at $35,000.It has not dropped because of this.So what that tells me is it's going to pass and the price of Bitcoin is going up because BlackRock is buying Bitcoin right now.If you think they're not buying or you think they haven't been buying, you're living under a rock.But the main thing is they actually announced that they are buying Bitcoin ,that's going to take a lot of coins off the market, especially just on exchanges.There's like 2.3 million Bitcoin left on exchanges.This is supply and demand at its best, right?
Now, something a little less meaningful Arcs Bitcoin ETF is now listed on the site of DTCC.So what this tells me is they might be approved all at the same time.It is literally a speck on in the whole world and BlackRock is the, what do you call it, black hole.All right, so it is so much bigger than arc.It's so much bigger than Franklin Templeton's $1.3 trillion Guys.BlackRock, it doesn't matter.Nothing else matters but BlackRock when it comes to spot ETFs.Remember this.When you get super excited about, oh, grayscale got passed or this or that got passed, it doesn't matter what matters.Is BlackRock all right?Because they own the world and they are the club, which you aren't.BlackRock, Fidelity, Invesco and other major spot Bitcoin ETF issuers are probably going to need several million Bitcoin to satisfy CUS customer demands over the next 24 months.Where are they going to find that much physical Bitcoin without driving the price to $200,000?Yes, I think that this is a potential that the price could go it up that high.But anyways, this is really huge for if if people are excited about the price.This is very exciting.
Plus you have the halving coming up as well.I mean, goodness guys, if you aren't bullish now and you've been sitting on the sideline, what are you doing?Next we have SEC charging BlackRock with failing to disclose investments.If you don't understand, understand who BlackRock is.They own the world, all right?And they own the SEC.
That is why when BlackRock decided to come out with saying, hey, we're going to file for a spot ETF, everybody got excited on that because they know that 576 to one ETF approvals, yeah, they're going to pass.And that one approval.
