Bitcoin Bulls Get Ready

Bitcoin’s moment of reckoning could soon be upon us. June 10, 2022 [UNSUBSCRIBE]( | [WEBSITE]( [Altucher Confidential] “For cryptocurrency investors, Grayscale’s approval would likely put new bullish momentum into the price of Bitcoin and other cryptocurrencies.” [HERO IMAGE] Bitcoin Bulls Get Ready By Chris Campbell “The Mainstream Media Is Lying To You!” The media would have you believe that the worst of the supply chain issues are over. But the opposite is true… Behind the scenes, things are getting much, much worse. Bob Biesterfeld, CEO of one of the biggest logistics firms in the world, warns “the pressures on global supply chains have not eased, and we don’t expect them to any time soon.” This is going to impact every American’s life in a potentially major way… And I’m urging everyone I can to prepare now. [To see the #1 move to make before this problem gets any worse, click here now.]( Though most people have forgotten about it, a Bitcoin ETF is still in the cards — and it could be a big boon for Bitcoin. Today, James gives us an update on the latest Bitcoin ETF news, and why it could happen sooner than many people think. Moreover, he’ll explain why this amounts to an “increased unification between DeFi and traditional financial markets” and what it will mean for the price of Bitcoin. Read on. Bitcoin Bulls Get Ready James Altucher Bitcoin’s moment of reckoning could soon be upon us. Financial services firms have been fighting for years to convince the US Securities and Exchange Commission (SEC) to approve a Bitcoin spot exchange traded fund (ETF). An ETF would allow investors to buy bitcoin as easily as buying a share of stock. For retail investors, it would mean the ability to buy Bitcoin from any kind of brokerage account - including many retirement accounts. For institutional investors, it would allow them to more easily buy Bitcoin without having to open up a new account with an exchange like Coinbase. Regulators are most concerned that a Bitcoin ETF would help normalize the cryptocurrency, and perhaps create risks for the traditional financial system. So far, they’ve managed to prevent an ETF that invests directly in digital assets. That soon could change. Last year, the SEC approved a Bitcoin futures ETF - essentially a fund that allowed investors to speculate on the future price of Bitcoin. Rather than owning Bitcoin directly, the futures ETF makes a sort of wager against another investor on the future price of Bitcoin. For Bitcoin’s advocates and investors, the existing ETF does not go far enough. By limiting the funds investment in futures, the current Bitcoin ETFs are limited to investments in the much smaller futures market. However, all of this might be coming to a head. FDR did it first; Biden plans much worse… [Click here for more...]( April 5, 1933, President Roosevelt signed Executive Order 6102 — changing the U.S. dollar forever… On March 9, 2022, President Biden signed Executive Order 14067 — which could change the dollar again, into something much worse… [Go here now to see the potentially sinister outcome of Biden’s new executive order.]( Next month, the SEC will have to decide on the fate of a new Bitcoin ETF - Grayscale Bitcoin ETF. Grayscale currently operates a Bitcoin investment fund and has been working for years to bring a Bitcoin ETF to market. So far, the SEC has denied each of Grayscale’s applications. Now the company could be preparing to go to court. In recent months, Grayscale has been hiring big name lawyers (including one with supreme court experience) as they demonstrate to regulators that they are prepared to engage in an expensive court battle to win approval for their ETF. Although I expect that regulators will deny (or delay) a decision on Grayscale next month, I think it's only a matter of time before Grayscale decides that enough is enough. Grayscale stands to make more than $157m annually in fees if their fund is approved, meaning that the economic decision to go to court is an easy one. For the SEC, the legal strategy is risky because a ruling against the commission could reduce their power to regulate other cryptocurrency ETFs in the future. Still, I expect the SEC will call Grayscale’s bluff, resulting in a long - drawn out - court battle that will ultimately result in a Bitcoin ETF approval. The approval of Grayscale would mean increased unification between DeFi and traditional financial markets and a whole new universe of investors who would have access to Bitcoin. For cryptocurrency investors, Grayscale’s approval would likely put new bullish momentum into the price of Bitcoin and other cryptocurrencies. We’ll just have to wait to see how it plays out but I have my suspicions that the ETF will get approved…eventually. Sincerely, James Altucher Editor, Altucher’s Investment Network Stunning New Prediction for 2022 You’re going to want to [see this]( — America’s #1 futurist just came out with a stunning new prediction for what could happen in 2022. And surprise, it’s got nothing to do with Trump. Or trade wars. Or the ongoing gyrations on Wall Street. In fact, this could be your one chance to ignore all that upsetting “fake news”… and get back to the business of getting exceedingly rich instead. [It’s all in the forecast you’ll find at this link — click now.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Add AltucherConfidential@email.threefounderspublishing.com to your address book: [Whitelist Us]( Join the conversation! 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