Published: 2023-06-23
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Predictions from this Video
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Prediction
Topic
Status
BlackRock is reportedly close to filing for a Bitcoin ETF.
"BlackRock the world's biggest asset manager is reportedly close to filing an application for a Bitcoin ETF"
Pending
Bitcoin reached over $30,000 this week and briefly spiked to $138,000 on Binance.
"Bitcoin reached over thirty thousand dollars this week and on binance it spiked to a hundred thirty eight thousand dollars for a split second"
Pending
Bitcoin increased by 20% in the past four days, nearing a 52-week high.
"over the last four days Bitcoin is up 20 nearing a 52-week high"
Pending
BlackRock filed the first ever application for a spot Bitcoin ETF in the US.
"BlackRock filed an application for what would be the first ever spot Bitcoin ETF in the US"
Pending
The proposed spot Bitcoin ETF would be the first of its kind in the US if approved.
"if approved this spot Bitcoin ETF will be the first of its kind in the US"
Pending
Canada approved its first Bitcoin ETF in 2021.
"in 2021 Canada got the approval for their first ETF"
Pending
A spot Bitcoin ETF will directly track Bitcoin's price, meaning its value will rise and fall with Bitcoin's.
"a spot Bitcoin ETF allows you to track the price directly so if bitcoin's price goes up so does this ETF and vice versa"
Pending
A spot Bitcoin ETF would allow purchases through 401k accounts and IRAs (Roth and traditional).
"a spot ETF for example allows Bitcoin to be purchased by things like your 401k account from your job and even your IRAs like your Roth and traditional IRAs"
Pending
Buying and selling Bitcoin through a spot ETF could be more cost-effective due to likely off-chain transactions.
"in theory it would also make buying Bitcoin a lot more cost effective because it would probably be an off-chain transaction which means buying and selling would be a lot cheaper"
Pending
The SPDR Gold Trust ETF (GLD) launched on November 18, 2004, when gold was under $450 per ounce.
"on November 18 2004 the first gold spotty TF was born the spdr gold trust ETF ticker symbol GLD at that time the price of gold was below 450 an ounce"
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By 2011, approximately seven years after the first gold spot ETF, gold's price neared $2,000 per ounce.
"by 2011 roughly seven years later the price of gold was close to two thousand dollars per ounce"
Pending
If 1% of the assets managed by the top 100 asset management companies ($60 trillion) flows into Bitcoin, it would amount to $600 billion, roughly doubling its current market cap of $580 billion.
"if only one percent of all the money makes it into Bitcoin that's about 600 billion dollars and right now bitcoin's market cap is 580 billion"
Pending
Bitcoin's market cap was approximately $1.2 trillion in November 2021, when the price reached $67,500.
"the last time Bitcoin was at roughly 1.2 trillion dollars was in November 2021 when Bitcoin reached 67 and a half thousand dollars"
Pending
Market cap is an assumption; the actual price is determined by supply, available coins for sale, and buyer willingness to pay.
"the market cap is an assumption not a fact the real price depends on the supply and the amount of coins listed for sale and what people choose to pay for them"
Pending
A significant influx of $600 billion in buying pressure for Bitcoin might not lead to a linear price increase.
"if there's 600 billion dollars worth of real money trying to do real buying then the price progression doesn't necessarily have to be linear"
Pending
Companies like Valkyrie, Bitwise, Wisdom Tree, and Invesco are also applying for spot Bitcoin ETFs.
"major players like Valkyrie bitwise Wisdom Tree and Invesco are all applying for their own spot Bitcoin ETF"
Pending