EddieJayonCrypto
13 Oct 23
There could be a Bitcoin Spot ETF approval today, but that is a longshot. Mind you some people say they have it priced in already. NOT! Here is what is on my mind today.1. So, yes. There the Grayscale Bitcoin spot ETF could be approved today. Is that going to happen? I doubt it, but there is a stron...
There could be a Bitcoin Spot ETF approval today, but that is a longshot. Mind you some people say they have it priced in already. NOT! Here is what is on my mind today.1. So, yes. There the Grayscale Bitcoin spot ETF could be approved today. Is that going to happen? I doubt it, but there is a strong argument that it does happen. That is because the SEC lost a case against Grayscale where the judge basically said the SEC was not providing a sufficient reason as to why it should be approved. That means I have triggers and notification already in place to alert me if there is a rise in the BTC price. 2. MetaMask collaborates with Stripe and creates a new fiat onramp for crypto This is a huge move by both companies and would be a grand thing for the Cryptoverse. My main point is that it will open the door to more people to get involved in crypto and that is a part of adoption. 3. Gensis seems to be hitting rock bottom as they halt withdrawals. This is while they have agreed to pay FTX $175M after the lawsuit. Mind you, they are still at odds with several creditors, including Gemini. With the case going on against Sam Bankman-Fried and the testimony from Caroline Ellison, Genesis being in the news it not a good thing, at all. 4. Mastercard is again making big moves. This time they announced they have completed a successful demonstration of a CBDC for the Reserve Bank of Australia. The solution entails wrapping the CBDC on various blockchains. The whole point of the exercise was to demonstrate the potential use cases of an Australian CBDC. I want you to think about it. Mastercard would stand a far better chance of staying top of mind if countries go the CBDC route. It would mean less of a change to their current slate of revenue streams. Interesting, indeed. 5. I have been reading a lot of stories that Polkadot may have laid off 300 of their staff. That would not surprise me at all since the coin has not been faring all that well in the market. A lot of us in the community are waiting to see what they are doing and where they go from here. Frankly, I think DOT could be facing a lot more headwinds. 6. Let's keep in mind that PPI and CPI numbers are not painting a rosy picture. The numbers leave the questions about the economy hovering around not whether or not the rates will go up, but for how long we will have to deal with the incredibly high rates. In addition, we should also factor in that how the US goes, so does the rest of the world. In a recession, I expect we will feel it far less than the rest of the world, but it will be painful nonetheless. I am also keeping an eye out for what I expect to be massive layoffs later this quart thru Q2 of next year. Buckle up! Sponsors:🌎 https://RebelReach.com - Robust hosting and marketing services!🌎 https://RebelVino.com - All things food and beverage!🌎 https://RebelVisions.com - Helping companies achieve more through operational excellence and disciplined project execution!🔥 Smash the likes and SUBSCRIBE for more great videos! https://youtube.com/c/EddieJayonCrypto?sub_confirmation=1🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.