0:00
All right. So, this is a strange
0:01
situation here. The SEC approves this
0:04
ETF that has XRP in it, and then the SE
0:07
goes, "Haha, just kidding. We're not
0:10
going to let you launch it." First,
0:11
we're going to make you think
0:12
everything's great, and then we're going
0:13
to go, "Actually, no, you can't do
0:15
this." So, it says here, "The sex office
0:18
of the secretary issued a stay of the
0:20
approval under rule 431." On July, the
0:24
sex division of trading and markets
0:26
granted accelerated approval for the
0:29
proposed rule changing permitting NYC
0:32
arc to list and trade shares of the
0:34
Bitwise 10 crypto index ETF. So they
0:37
give the approval but then they stay the
0:39
approval says stay issued upon request
0:41
of the office of the secretary.
0:44
Basically the office of the secretary is
0:46
like no no we're not going to let this
0:48
happen right now. And the strangest
0:50
thing is there's no reason given. Why?
0:54
Because they're just they're dirty like
0:55
that. And then it says effective at the
0:58
time of this publication. There are
1:00
currently no other applications to
1:02
convert a Bitcoin trust into an ETF.
1:05
That's not true. It just means they're
1:07
not getting any done. I'm calling it the
1:08
SEC shot down another ETF that has XRP
1:11
in it. This is only adding downward
1:13
pressure on the price again. It's going
1:15
to rotate into Bitcoin. Bitcoin's going
1:17
to keep going up and this is going to go
1:19
back down. Just like we just talked
1:20
about the rotation, you've got to think
1:23
in terms of rotation. Where is the hot
1:25
money flowing? People are pouring money
1:27
into Bitcoin right now. Everyone's
1:29
flocking to Bitcoin. Bitcoin's the
1:30
safest, right? Or is it people are going
1:33
to start looking at Bitcoin and then
1:34
selling it for these other investments.
1:36
In the meantime, though, I think Bitcoin
1:38
is going to continue to rise.
1:40
Everybody's FOMOing in. Just so you
1:42
know, it's going to start rotating out
1:44
soon. And the first place it's going to
1:45
rotate to are the bigger market caps and
1:48
then they re going to move into the
1:49
smaller ones. So you've got to pay
1:52
attention. You've got to have your head
1:53
in the game, your eyes open. It's very
1:56
dangerous. Time in the market beats
1:58
timing the market. Buy and hold XRP.
2:02
I've been telling you that for years.
2:04
However, if you want to participate in
2:06
this cycle without getting wrecked like
2:08
you did in 2018, you have to pay
2:14
This is the way to grow wealth. Study,
2:17
study, study, study, study. This is the
2:21
way to grow wealth. Let me know what you
2:23
think. Should I post the entire document
2:26
here? The entire article?
