Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
Crypto investors can’t catch a break. Once upon a time we were considered financial visionaries!
Heralds of a financial revolution!
Fathers were begging us to marry their daughters.
Now we’re like financial lepers.
But you know what? Bad trades can’t kill us. It just made us stronger.
TradFi wants our Bitcoin (and maybe other crypto) in their grasps via ETFs
The crypto market got a nice shot of adrenaline to counter Gensler FUD against Binance and Coinbase.
TradFi entrants into crypto might be a mildly positive sign, it’s good if you plan to get out for a quick profit.
It’s a nice bag pump but it’s not enough.
It’s great that Saylor is back to breakeven at around $30,000 per Bitcoin but what about us plebs?
We need some positive catalysts to go from neutralizing losses to wife changing gains.
Maybe Gensler gets into an “accident” or someone finds some dirt on him.
Maybe a return of investor’s funds from scummy CeFi operators like Celsius, FTX. Gemini, etc.
We need the SEC to actually APPROVE a spot Bitcoin ETF first.
I would also like to see liquid options on the ETF similar to how the GLD ETF has liquid ETFs.
Right now all these TradFi ETF companies are like a bunch of horny dudes asking a hottie out on a date. She hasn’t actually agreed to a date yet!
Of course with crypto (and with real life) when you see a good opportunity you should shoot your shot but you have to wait for the right moment and for things to line up properly.
Crypto traders have already shot their wads!
The social media scammers have come out of the woodwork again!
What if the SEC rejects the Blackrock ETF? Yes I know Blackrock is a big and powerful entity with a 500 to 1 ETF approval track record…
Crypto Nerd: Actually, Blackrock has an ETF approval track record of 575-1
Panda: Sigh, fine what if the track record becomes 575-2? Gensler still lives!
Crypto traders have been suffering with blue balls for too long! They’ll jump at every opportunity to…
Troll’s Granny: I haven’t been serviced in a while Panda!!! I can help relieve some of that pressure!
Panda: Um, thanks but I was speaking metaphorically…
Troll’s Granny: Well, I was speaking physically <licks lips>
Panda: <sweating intensifies>
Troll: Buuut Panda! You need to stop getting Granny all worked up!
Troll’s Granny: You can even bring some of your crypto friends! It’s been too long since I’ve done a gangbang video!
Panda & Troll: Aagh!!!
We’re finally catching a SMALL break.
But that’s not good enough. We deserve a huge break. By 2024 we should get a better picture as to who the final US presidential candidates will be.
If it’s two old farts again then expect a wimpy crypto rally, but I’m hoping for some crypto friendly US politicians.
If they can create light touch rules for the crypto industry then can you imagine the fireworks?!?
The Bitcoin halving is coming up in April 2024, let’s survive until then!
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
