Daily: ANOTHER ETF approval deadline this week ? / Why BAKKT is the real hero
The Proshares Bitcoin Approval is due for SEC approval this thursday. As all the traders turn to this particular ETF, we discuss what's involved, included the fact it doesn't actually hold any Bitcoin. BAKKT is taking this as an opportunity to clearly state it IS backed by Bitcoin. We also take a look at Venezuela and why Crypto is a good store of value there.
1:28 Market Overview
2:00 Proshares ETF
4:10 Bakkt and why it matters
5:47 Crypto self-regulation
6:50 Venezuelan Hyper-Inflation (1,000,000% inflation!)
Monero in a Nutshell:
Proshares ETF: https://www.coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/
https://coinsbank.com/cruise-europe
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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ETF's will be used to destroy and rig the Crypto markets. "Just Say NO!"
How about the Winklevoss and Nasdaq shares listing? I think this has even better chance since coins will be listed directly on Nasdaq. The problem with the ETF is SEC approval. By listing tokens directly I don't believe you need SEC approval? Or not as strict?
No matter what happens with the ETF, the Crypto ecosystem is growing. As more groups are formed to support it like BAKKT, more adoption will be achieved.
your showing dlive video always perfect and real.its alltime giving new idea of me. Cryptos big assets for future all steemians..your dlive video always perfect and very important every steemians.i am learning everyday new thing to see your video and writing word.because your explantation skills just fantastic and talented.thanks to sharing for your great post.. very well done..my dear friend.. @boxmining may god bless you.you are really super hero in this community.my best wishes anytime with you and i wish that your all dreams very soon comes true.keep it up.see you again.
Great explanation sir @boxmining. Cryptos specially Bitcoin is a big asset for us. Thanks for the valuable update.
Greetings my good friend. In Venezuela, mining is profitable due to low electricity costs. And it is a good support against constant inflation.
It is profitable but it requires a lot of investment too and in a country suffering from economic it is difficult to buy machinery.
The electricity costs of a butcher shop in a month is $ 7 (taking into account that they have cooling engines). The broadband internet of 10 gb per month does not exceed $ 2. Here there are many people who bring the machines from outside and have large mining farms. Rent a barn or place to have 100 machines can cost $ 300 Maximum. The initial investment is somewhat expensive but then its profitability is very large.
Wow. Actually, the rates of Broadband are even much higher than that in Venezuela. The normal rates are 30$ for a 4MB Internet connection.
I recently read that it costs as little as $400 per BTC to mine in Venezuela due to low electric costs...
If there is a capital for investment, Venezuela is the best country for mining BTC or Any Crypto. The hard part is getting capital to invest or investors.
I want you to discuss the Digitbye, please. Waiting for that.
Digitbye?
Great video sir thanks for sharing.
you're welcome. I will share more videos
Great Thanks for the valuable update keep it up.
I hope it's valuable for everyone
ETF has no importance more than a fud so we should not be more dependent on ETF.
yes sir i agree with you because crypto has the capability to grow up without ETF.