MARKETS ARE ALREADY ABLAZE

Markets are already ablaze with excitement due to the proposal for the Bitcoin spot ETF. If we receive clearance, the markets would unquestionably soar. If we receive a refusal, the markets will likely crash. But all we'll see is them renegotiate and reapply. The BlackRock refusal would just be the most recent in a long line of denials; yet, BlackRock doesn't enjoy being refused. If an overly strict SEC were to reject BlackRock's application, I would assume that BlackRock would make some bona fide calls to the appropriate parties. We will observe events because they are the type of organization they are listing, and when they do, I believe it will be a sell-the-news event similar to what we seen with gold ETFs in the early 2000s and with the CBOE and the CME Bitcoin Futures Contracts in 2017.

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There are some significant occurrences that thrill the market as a whole, and when they take place, the news is sold. The stunning news that El Salvador has made Bitcoin legal cash in the nation set the peak for the currency in late 2021. If ever there was a major sale for a news event, it was it. I anticipate that once again a sell the news event will be in play when we ultimately have a Bitcoin ETF listing. Long-term bullish, nevertheless, since they need to acquire actual Bitcoin to support all of this. There will be 100,000 Bitcoin backing all of these Bitcoin ETF products if we have 100,000 Bitcoin ETF products. Everything needs to be purchased on the open marketplace. Since there are now only about 2 million coins available, the total will virtually increase.

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The SEC has until February 23, 2024, to determine whether to accept or reject your application, and the halving of Bitcoin takes place the following month. December 27, 2023: Arcs 21 shares, the first Bitcoin ETF, is listed. They are virtually first in line for the SEC's last deadline, with a plethora of filings extending all the way until March 2024. Imagine if they are all authorized and the SEC approves the release of seven or eight distinct Bitcoin ETF products. This would be quite significant news, and it would fit in well with the narrative around the upcoming halving of Bitcoin. Markets would just skyrocket as a result of Bitcoin's impending halving and the release of several Bitcoin ETF products.

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Some claim that the Bitcoin ETF might not be all that significant. Because many individuals won't go buy bitcoin on Coinbase, Bitcoin ETFs are a huge issue. They have an interest in Bitcoin, which will inevitably be included in larger bundle ETF products. A Bitcoin ETF product will make it possible for many people to deposit money into their pension plans.