SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatile

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  • Опубліковано 27 гру 2024

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  • @abeperez51
    @abeperez51 11 місяців тому +311

    Translation. Yes we approved it because grayscale won a lawsuit but we still don’t like it because we have allegiance to Wall Street and the incumbent banking system.

    • @SpartanDeluxe
      @SpartanDeluxe 11 місяців тому +20

      Yes. And: I approved it myself under these 5 people because I want a job in crypto after my SEC era 😂

    • @lgrrf
      @lgrrf 11 місяців тому +12

      And: I refuse to answer some of the hard questions you made. I prefer to answer vaguely or not answer at all.

    • @Lets_Be_Real_UK
      @Lets_Be_Real_UK 11 місяців тому

      We will do what's good for wallstreet and the banking system as long as we can get away with it.

    • @rmb7355
      @rmb7355 11 місяців тому +2

      Exactly!
      That was the point of De-Centralization. To be free from the Organized Banking System!

    • @sebi-po3hi
      @sebi-po3hi 11 місяців тому +4

      Secretly he likes bitcoin

  • @Spenca101
    @Spenca101 11 місяців тому +73

    Imagine creating a currency that's not backed by anything, that decreases in value over time because you can just keep increasing the supply of it whenever you feel like and distribute it however you feel like. Sounds like a scam right? Well that's the US Dollar and it's ironic that Gary Gensler is trying to protect it by trying to say Bitcoin is used for illicit activities...

    • @broom3373
      @broom3373 11 місяців тому +2

      Well said my friend'

    • @p3co_
      @p3co_ 11 місяців тому +1

      Absolutely 💯

    • @ljones85
      @ljones85 11 місяців тому

      Excellent statement

    • @sermal14
      @sermal14 11 місяців тому +1

      US dollar is backed by USA Government who has more assets than you can ever think of.
      US dollars in bank account are protected by FDIC.
      What is Bitcoin protected by?

    • @Spenca101
      @Spenca101 11 місяців тому +1

      @@sermal14 Thank you for your reply; I must respectfully disagree with you though that he US dollar is not a backed currency; it used to be backed by gold but this isn't the case anymore, as with most fiat currencies around the world. It's value is determined by peoples' belief in it; the same as Bitcoin. I'm aware the US Government has plenty of assets, but it also has $34 Triilion of debt and it keeps just printing more and more dollars to combat this, devaluing the dollar and decreasing belief in it over time.
      The dollar is a more stable currency in terms of value because its controlled by the central banks. But that's the difference; Bitcoin is not controlled by just one entity and it gives people the option to have a store of value to combat inflation of fiat currencies, it's considered a digital gold by many. Yes it is a volatile asset now but it will become less so over time. Despite this investors should know the risks involved in putting their money into Bitcoin and other cryptocurrencies, just as with stocks and other investments.

  • @delduked
    @delduked 11 місяців тому +59

    Gary Gensler is the worst. Talked with SBF on a regular basis and didn't notice the FTX disaster. But somehow go after LBRY and Ripple and other businesses to try and destroy them

  • @johnt5897
    @johnt5897 11 місяців тому +44

    I can’t believe how much Gary is pushing back against Bitcoin, especially when he knows so much about it. Really makes me wonder what goes on behind closed doors.

    • @calvindaves8541
      @calvindaves8541 11 місяців тому +2

      He's pushing it down to short it, aka manipulating the market. I like thecway he rails on illicit use of bitcoin. You know what has been used more than bitcoin for illicit use? Freakung cash, fiat currency.

    • @kyleevaldson
      @kyleevaldson 11 місяців тому

      Mofo definitely owns a ghost wallet and want to buy the dip 😂😂😂 #whalealert can we do an audit on genslers 11,000 Bitcoin? 😂😂

    • @BlacksmithMD
      @BlacksmithMD 11 місяців тому

      He said multiple times its a non security,commodity Token like Gold,even He cannot deny BTC is fair Asset

  • @MillenialJoe
    @MillenialJoe 11 місяців тому +199

    It is not SEC business to endorse or promote securities. Therefore, they should not have any opinions about approved securities in the first place. Imagine if they say they like certain ETF's over others.... Gensler is manipulating markets in this case. He is outside of his authority.

    • @stephanwuertz9988
      @stephanwuertz9988 11 місяців тому +17

      People with money and power tell gary gensler what to do. Especially Banks

    • @seth917
      @seth917 11 місяців тому

      The entire SEC should be abolished. How did it do in 2007?
      It's a joke and a violation of the American Constitution.

    • @oldeenglish64
      @oldeenglish64 11 місяців тому

      Exactly. Thats why it was shut down many times before and Blackrock was able to push it through. Gensler is completely full of it.@@stephanwuertz9988

    • @rgrip5452
      @rgrip5452 11 місяців тому +4

      I hate listening to Gensler.

    • @sebastian9687
      @sebastian9687 11 місяців тому +1

      I think Gary the G is right . Dies etf Things will ne Like a Trojan horse of centralization

  • @Aziz__0
    @Aziz__0 11 місяців тому +65

    It's been quite a pump. But you know, with crypto, the big question is always when to take profits. What are your thoughts on that? I've been holding $250k worth of crypto since 2021 and seen it pump n dump

    • @Natalieneptune469
      @Natalieneptune469 11 місяців тому

      its not late to consider financial planning, never can tell what the future holds

    • @PhilipMurray251
      @PhilipMurray251 11 місяців тому +1

      I've been keeping an eye on the charts, and it does look like a major breakout. The real challenge is predicting when this pump will end. Timing the market can be tricky.

    • @wealthychronicle-i1u
      @wealthychronicle-i1u 11 місяців тому +2

      Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.

    • @Aziz__0
      @Aziz__0 11 місяців тому

      think you could suggest any professional/advisors i can get on the phone with?

    • @wealthychronicle-i1u
      @wealthychronicle-i1u 11 місяців тому +3

      Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services

  • @kylerupp4378
    @kylerupp4378 11 місяців тому +163

    More crime has been done with us dollar than any other currency

    • @geoms6263
      @geoms6263 11 місяців тому +9

      More crime has been done with us weapons than any bitcoin😀

    • @jordanjay1479
      @jordanjay1479 11 місяців тому

      Lol. Right! Bitcoin is actually highly traceable. There are terrorists that have been caught because that. The dollar is still better loll

    • @RT-gj5bp
      @RT-gj5bp 11 місяців тому +1

      Gold Comment 💯

    • @HelloWorld-hb7yt
      @HelloWorld-hb7yt 11 місяців тому

      it's the reserved currency, legal or not

    • @iammarkanthonyhill
      @iammarkanthonyhill 11 місяців тому +4

      That's a fact. Who launders money on a public blockchain, lol.

  • @Jidn
    @Jidn 11 місяців тому +8

    Andrew, thank you for being a legit journalist. Whether you agree with the concept of BTC or not.

  • @Arational
    @Arational 11 місяців тому +95

    Bitcoin is a very poor venue for illicit activity as all transactions are immutable on the blockchain.
    The FBI easily tracks those foolish enough to use Bitcoin for illicit activity.
    The US dollar is the standard for illicit activity.

    • @geoms6263
      @geoms6263 11 місяців тому +1

      thanks for sharing we need to be more careful

    • @ReneSalasDesign
      @ReneSalasDesign 11 місяців тому +4

      The US prefers it this way so that they can continue to participate in illicit activities under cover. If the majority of illicit activities moves onchain, then the jig is up for the US gov and all the other nation states participating in the global black market.

    • @scc12321
      @scc12321 11 місяців тому +3

      @@ReneSalasDesignyeah imagine having all of the CIA’s illicit transactions present on the blockchain 😂

    • @broom3373
      @broom3373 11 місяців тому +2

      True

  • @zachyates8440
    @zachyates8440 11 місяців тому +182

    The best thing humanity can do is embrace BTC. The money printers have failed us.

    • @jofujino
      @jofujino 11 місяців тому +5

      Not really, as the price of bitcoin rises the mining of it increases which increases the massive amounts of energy used to mine for bitcoin. That directly contributes to climate, which is very bad for humanity. Honestly, even if you're skeptical of fiat currencies the solution is just to invest in and hold assets (real estate, stocks, inflation adjusted bonds, or private equity). Don't keep your money in cash or cash equivalents like T-bills. Just because there's a problem with fiat currency doesn't mean bitcoin is the solution.

    • @no1no1655
      @no1no1655 11 місяців тому +1

      😂 when this market blows up, the disaster will crush hunanity😢

    • @Wigalot
      @Wigalot 11 місяців тому +21

      ​@@jofujinoGlobal BTC mining uses less than 1% of electricity produced globally. All the centralised banks in the world use more power just keeping the lights on each year.

    • @Pindersk13
      @Pindersk13 11 місяців тому

      Btc has value because of the dollar

    • @LilAligator
      @LilAligator 11 місяців тому

      The best is to completly abandon the idea that we somehow need to leave on a competitive society based on Numbers in our pockets.

  • @markosviancos1282
    @markosviancos1282 11 місяців тому +15

    Here is my take: all those companies that applied for ETF had a strategic plan, they knew already that the moment they get ETF approved, they had one goal. That is to go out there and sweep and clean that mess in the house and bring the price to a level where they could comfortably enter. They were never ever going to buy bitcoin at 49K never. They will drop it, drive fear into the market and when every one wakes up, that's when they will start pumping again. No doubt, the price could reach 100K by end of 2024, but for now, watch out, they are on a clean up campaign

    • @iamkyros2233
      @iamkyros2233 11 місяців тому +1

      Strong theory, seems like it all came out from where the sun don’t shine.

    • @runninfool
      @runninfool 11 місяців тому

      Totally agree

    • @rowanbailey6244
      @rowanbailey6244 11 місяців тому

      It just sell the news buy the rumours as old as time itself

    • @rowanbailey6244
      @rowanbailey6244 11 місяців тому

      Nonsense it just sell the news buy the rumours ..as old as time itself

    • @TinRapper
      @TinRapper 11 місяців тому

      Got any counterpoint, or anything that involves a brain? instead of name calling?

  • @Kaodusanya
    @Kaodusanya 11 місяців тому +158

    I’m so freaking proud of Joe I can’t believe he actually understands it.

    • @jlvandat69
      @jlvandat69 11 місяців тому +13

      Joe understands very little.....that's why he babbles on and on. He's trying to say "something" but never really gets there.

    • @Kaodusanya
      @Kaodusanya 11 місяців тому

      ⁠@@jlvandat69the fact he calls gensler on the fact that the underlying asset is still decentralized so the etf being centralized isnt as big an issue. Also called him out on the fraud statements which are objectively false considering how the fbi has mentioned that the blockchain has helped then find criminals. He might not understand blocksize and more technical aspects but still

    • @adamsam6823
      @adamsam6823 11 місяців тому +4

      🤣@@jlvandat69 that's hilarious ,so true

    • @filthyfinancials1622
      @filthyfinancials1622 11 місяців тому +10

      ​@@jlvandat69He understands Gary is a fkn hypocritical compromised lyer about the topic. That's clear. I am very happy Joe is doing his best to be honest and tying to understand.

    • @bahlsdeepe868
      @bahlsdeepe868 11 місяців тому +6

      Joe is sneaky smart

  • @open_water2411
    @open_water2411 11 місяців тому +1

    He’s completely wrong. Fiat is the king of money laundering - the clue is in the name.

  • @kamalnz
    @kamalnz 11 місяців тому +49

    forever ingrained in the history books as the man who tried to stop bitcoin and failed

    • @oholimoli
      @oholimoli 11 місяців тому

      SCAM

    • @p3co_
      @p3co_ 11 місяців тому +1

      @@oholimoli?

    • @AbsoluteDegens
      @AbsoluteDegens 11 місяців тому

      And even funnier was forced to be the first SEC member to approve a Bitcoin ETF 😂

    • @10010error
      @10010error 11 місяців тому

      @@AbsoluteDegens money talk

    • @janDevries-i5d
      @janDevries-i5d 11 місяців тому

      Like the Grinch who stole Christmas 😂

  • @Husna-Ballari1931
    @Husna-Ballari1931 11 місяців тому +363

    Ive had the feeling BTC would be going to 50k as well. Clearing out all my Alts going into BTC and AMS35X only, maybe a little BNB.

    • @p3co_
      @p3co_ 11 місяців тому +1

      Have fun losing all your money on the stupid Amazon scam.

    • @ivankovachev1784
      @ivankovachev1784 11 місяців тому

      Poor you, fomoing in an exhausted run..

    • @mrsentencename7334
      @mrsentencename7334 11 місяців тому +1

      @@p3co_I think this is a bot bro that’s promoting the scam

  • @evaluatorhvac4400
    @evaluatorhvac4400 11 місяців тому +56

    He’s like talking to an AI answering machine.

  • @blackky92
    @blackky92 11 місяців тому +2

    Look at Gensler's hands while he describes his opinion on bitcoin.. they are shaking.. 5:05

  • @daspec
    @daspec 11 місяців тому +46

    "We approved it because something changed" - TRANSLATION : Black Rock and Fidelity called and said
    " You bozos can't even protect your Twitter account. Approve the ETF or start looking for another job! " 😂

  • @Tyuwhebsg
    @Tyuwhebsg 11 місяців тому +1

    The only highly speculative volatile asset used for illicit activity and money laundering here is Gary Gensler

  • @najmussakibsaycot7454
    @najmussakibsaycot7454 11 місяців тому +14

    SEC got only 2 issues with BTC
    1. cannot print it
    2. cannot create inflation anymore
    Money is only paper though, Its people’s believe which makes it valuable so is BTC but this time with proper ledger maintained.

    • @sermal14
      @sermal14 11 місяців тому

      You know US dollar is backed by US government and is protected by FDIC insurance.
      What is Bitcoin protected by?
      Hindi mein bhi baat kar Sakta hai tu.
      Is Bitcoin insurance like US dollar?

  • @bmo8898
    @bmo8898 11 місяців тому +13

    my god man, how does this guy have the job he has

    • @joeknowscryptos5339
      @joeknowscryptos5339 11 місяців тому

      He is bought and paid for and has an agenda plain and simple. If he was a professor at MIT he understands the value of BItcoin to regular people but is t allowed to say it and they way he tried to word it makes him look like he is stupid, but he’s not he’s very smart but it’s hard to lie

    • @TheRedPillMan97
      @TheRedPillMan97 11 місяців тому

      Corruption

  • @PatrickPolish
    @PatrickPolish 11 місяців тому +1

    Cmon man. Bitcoin being used for illegal activity? And what exactly are laundring? Dollars. Thank you. Dollars have been used to laundrer dollars since day 1. You know the SEC has no argument when they bring up those old excuses

  • @AdaCynthia-z8d
    @AdaCynthia-z8d 11 місяців тому +8

    I'm new here please. What are the best strategies to make huge money/profit through cryptocurrency trading ?

    • @francisandrew
      @francisandrew 11 місяців тому

      Someone suggested that crypto trading is far better than buying to hold for a long time but I have no idea whom to direct me or even trade for me.

    • @johnhowell2387
      @johnhowell2387 11 місяців тому

      Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?

    • @AdamIbrahim-ko9gd
      @AdamIbrahim-ko9gd 11 місяців тому

      Please I'm new at this, how can she be contacted ?

    • @HouleyeSall-l6j
      @HouleyeSall-l6j 11 місяців тому

      < She has a verified Teleg ram

    • @HouleyeSall-l6j
      @HouleyeSall-l6j 11 місяців тому

      @ATREGINA
      That's 🕺🕺 her username.

  • @brianwhitehawker1756
    @brianwhitehawker1756 10 місяців тому +145

    Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

    • @Jadechurch-ql3do
      @Jadechurch-ql3do 10 місяців тому

      Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

    • @lucaswilliams9992
      @lucaswilliams9992 10 місяців тому

      True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.

    • @yeslahykcim
      @yeslahykcim 10 місяців тому

      I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

    • @lucaswilliams9992
      @lucaswilliams9992 10 місяців тому

      Leila Simoes Pinto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @geraldt331
      @geraldt331 10 місяців тому

      Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @nicholasbell6128
    @nicholasbell6128 11 місяців тому +8

    Well done CNBC for having presenters, interested in both sides.
    Whilst I don't feel that Joe is the best person to make the case for bitcoin, he didn't do a bad job. Gensler made some pretty poor arguments in my view. I suspect he has some more valid objections, but he doesn't seem like a particularly effective communicator

    • @acidthunder1
      @acidthunder1 11 місяців тому

      He is a politician. He doesn't believe the words he is saying, he works for Wall street and legacy finance

  • @clemensmaier8046
    @clemensmaier8046 11 місяців тому +1

    Seems like he is "blaming" the pro Bitcoin etf decision on the court decisions prior in 2023. What he should have actually should have said instead, would be "The SEC didn't take any adequate regulatory steps to regulate a large sector of finance in the US and therefore forced the entities active in this sector to seek regulation from the courts, as the SEC failed to provide any regulatory guidance at all." That would have been the real truth, Mr. chairman Gensler.

  • @spacepathfinder1
    @spacepathfinder1 11 місяців тому +19

    He just can't swallow that he had to aproove ETF.

    • @Zhello79
      @Zhello79 11 місяців тому +1

      Lol you can see it in his face, he is salty about it all 🤣👍🏾

  • @MegaSnowman35
    @MegaSnowman35 11 місяців тому +2

    The question should be asked: Gary, do you personally have any cryptocurrency in any form in your portfolio today.

  • @NightRidah777
    @NightRidah777 11 місяців тому +3

    He knows there is no logic to hating BTC esp when compared to the dollar which is why he can't answer a question straight.

  • @steff1238
    @steff1238 11 місяців тому +1

    His trembling hands revealed that it was not he himself who was speaking, but someone with a gun sitting beneath him.

  • @jeffrey2705
    @jeffrey2705 11 місяців тому +4

    Why is Gary Gensler shaking so much in this interview? His hands are so unsteady when he is using them to talk. Something going on with his health??????????

  • @MVDA194
    @MVDA194 11 місяців тому +7

    shaking like paper hands, mr gensler is

  • @bratface7305
    @bratface7305 11 місяців тому +11

    I feel like I lost a few brain cells listening to him!

  • @VIDSTORAGE
    @VIDSTORAGE 11 місяців тому +1

    There are old vids from 2011 that show people using BTC to buy food with a phone app .. He has to sound so fake scary about Bitcoin

  • @Amansahuvlogs-br2mp
    @Amansahuvlogs-br2mp 11 місяців тому +401

    I'm still bullish on crypto. Buying the dip on great projects like Algorand and AMS22D 😎

    • @OaseDaniel
      @OaseDaniel 11 місяців тому

      Go Algo

    • @p3co_
      @p3co_ 11 місяців тому +1

      Algo, sure, but the stupid Amazon scam, run!

  • @neocitadel
    @neocitadel 11 місяців тому +1

    Gensler sold all his BTC in 2015 and he has been salty ever since.

  • @fbertrams8399
    @fbertrams8399 11 місяців тому +7

    BTC vs Gensler : who or what is more fraudulent??

  • @PodcastCentral333
    @PodcastCentral333 11 місяців тому +1

    gary is awesome. love him

  • @jctributaris5709
    @jctributaris5709 11 місяців тому +2

    My takes from this video: 1) he was forced to approve the BTC ETF, this one was pretty clear from his notes, 2) he definitely thinks ETH is a security (and most alts), 3) he knows much more about BTC than the vast majority of crypto enthusiasts, really dont think hes against it (the rest of the industry thats another story).

    • @sermal14
      @sermal14 11 місяців тому +1

      I like my US dollar bro. Back by US government and protected by FDIC insurance.
      BTC not my thing

  • @YunusMutlu-w4h
    @YunusMutlu-w4h 11 місяців тому +3460

    I was sure last year would end terrible for me but I think AWT77K is spot on with what they do and how they do it. Cant say for how long its going to work and for sure it is overyhped right now but even if just half a year or something it would be smart to ride the wave and then jump away eventually, but the reason why this is smart right now is because its so cheap, wont ever find a better entry than now

    • @natsaan
      @natsaan 11 місяців тому +4

      Scam. Amazon categorically does *not* have a crypto product

    • @kuntryboimike
      @kuntryboimike 11 місяців тому

      wrong. read the publications by new PR, this is not 2021

    • @p3co_
      @p3co_ 11 місяців тому +1

      @@kuntryboimikeBS. Stop shilling the scam and get a real job.

  • @timucinokur1985
    @timucinokur1985 11 місяців тому +2

    Wait did he call Bitcoin „non security commodity“? 👻👻

  • @KingPromise-hk2cm
    @KingPromise-hk2cm 11 місяців тому +3

    I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345and since I started following you for the few weeks now, I've gotten $18,539 in my portfolio. Thanks so much Brian M Roberts

    • @DonaldChris-mi7gj
      @DonaldChris-mi7gj 11 місяців тому

      I'm surprised that you just mentioned and recommended Brian M Roberts. I met him at a conference in 2018 and we have been working together ever since then till date.

    • @DavidGary-jc1wl
      @DavidGary-jc1wl 11 місяців тому

      You invest with Brian M Roberts too? Wow that woman has been a blessing to me and my family.

    • @BrianMason-ku4zi
      @BrianMason-ku4zi 11 місяців тому

      I'm new at this, please how can I reach her?

    • @AcharaKiet
      @AcharaKiet 11 місяців тому

      he's mostly on telegram, with the user

  • @qryptoq4983
    @qryptoq4983 11 місяців тому

    No lies were said and if you didn’t take a hint, you were not listening. So easy to hear his true opinion, his view of the future and his approval of silver, sorry i mean ETH. - kudos for a great interview that allowed the listeners to get indirect answers to the questions we want to know.

  • @Nuhefe123
    @Nuhefe123 11 місяців тому +2704

    In 2024 with the ETFs and halving and everything coming up the biggest change to everything will be AWT77K hands down. They worked for years to get this done and needless to say how much impact will rise from that.

  • @fab-infotech-solutions
    @fab-infotech-solutions 11 місяців тому

    This is a great channel, sticking to facts and defeating scams like Gary Gensler. He doesn't have a clue or trying to act stupid not understanding the cryptographic economy!

  • @Mandeep-Purvaja5532
    @Mandeep-Purvaja5532 11 місяців тому +2704

    Thank you for this video. There are so many uninformed people out there when it comes to AMS35X

    • @p3co_
      @p3co_ 11 місяців тому +7

      There are so many scam bots out there shilling this Amazon scam.

    • @montetanktankkiller700
      @montetanktankkiller700 11 місяців тому

      @@p3co_ its annoying

    • @jasonjadrnak6841
      @jasonjadrnak6841 11 місяців тому

      ​@@p3co_it's disgusting

    • @coffeelink943
      @coffeelink943 11 місяців тому

      Dumb scammers

    • @Wilso387
      @Wilso387 11 місяців тому

      You hope....so you can shill them a bag of total worthless cr@p. Shame on you.

  • @davidwthomson9641
    @davidwthomson9641 11 місяців тому +1

    I thought in the interview he would call them instead of 'hucksters' they would be ..'Finksters' (?)

  • @Sudeepa-Harsha6902
    @Sudeepa-Harsha6902 11 місяців тому +3137

    Since you mentioned AMS35X, Im a subscriber now. Awesome video and great altcoin suggestions!

    • @p3co_
      @p3co_ 11 місяців тому +3

      Stop with the Amazon scam BS

  • @shieldtablet942
    @shieldtablet942 11 місяців тому

    Also know as "Unhappy Gensler has to do interviews".
    Kudos for Joe for really putting Gensler on the spot with really well put together subjects.

  • @potatochipdave
    @potatochipdave 11 місяців тому +5

    Salty Gensler…

    • @daxrico266
      @daxrico266 11 місяців тому

      I love to see it!

  • @Joseph.mansion
    @Joseph.mansion 11 місяців тому +1

    Here they come to steal your assets, "your dollars"

  • @billionairefaith1
    @billionairefaith1 11 місяців тому +6

    Gary looks stressed and tired lol

    • @TheRedPillMan97
      @TheRedPillMan97 11 місяців тому

      Working for sleepy Joe and the democrats will do it to yah clowns

  • @tanpotgs5313
    @tanpotgs5313 11 місяців тому +1

    He's the best and not giving a direct answer to the question.

  • @nebilkedir06
    @nebilkedir06 11 місяців тому +302

    Exciting times for Amazon’s *AMS22D* and it's community.

    • @p3co_
      @p3co_ 11 місяців тому +2

      Ok, but your problem is this is the real world, and Amazon does not have a token, cough cough scammer.

    • @coffeelink943
      @coffeelink943 11 місяців тому +1

      Ok scammer. Amazon says they have no interesting in crypto. Explain that?

  • @DC-jt9py
    @DC-jt9py 11 місяців тому +1

    Beware of the AMS35X spam/scam bots in the comments 😂

  • @Ramazanberat-q9e
    @Ramazanberat-q9e 11 місяців тому +5445

    This is gonna be a crazy year for digital assets now with AWT77K right? We already are set in for the bullrun anyway and if companies like them enter the field and make their own asset which will be integrated widely and used by the mass then we are on the bottom of the mountain with only one way which is upwards

    • @aeromotive2
      @aeromotive2 11 місяців тому +6

      good scam

    • @DjangoVonShaft
      @DjangoVonShaft 11 місяців тому +1

      Stop shilling no one cares!!! It's only BTC🎉

    • @kuntryboimike
      @kuntryboimike 11 місяців тому +2

      it just came in. It is real. Read the PR on all of this, this IS more important than the ETF

    • @kuntryboimike
      @kuntryboimike 11 місяців тому +2

      Chris if you see no value in Amazon running crypto you are just not made for this

    • @พรชัยสายวา-ฉ6ษ
      @พรชัยสายวา-ฉ6ษ 11 місяців тому +1

      This is real read the PR! It just came in today

  • @AlexandrBorschchev
    @AlexandrBorschchev 11 місяців тому

    Video length 9:11, intentional?

  • @syafiqazmanophthal
    @syafiqazmanophthal 11 місяців тому +4

    its because of blackrock so gensler cant reject it 😂

    • @SITO-TV
      @SITO-TV 11 місяців тому

      Yup when blackrock applied , i knew right away itll be a sure thing

  • @Wigalot
    @Wigalot 11 місяців тому +1

    He's such a liar. Making out BTC is only used for "illicit activity" 😅

  • @Jammuties
    @Jammuties 11 місяців тому +905

    It will take some time to understand how Amazons AMS22D is having the most impact in these times. After all the downswings and failures of last year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions

    • @ignaciogonzalez8716
      @ignaciogonzalez8716 11 місяців тому +8

      Scam

    • @davidjackson2179
      @davidjackson2179 11 місяців тому +7

      Scammers have gotten completely out of control. UA-cam failing to protect their users at all.

    • @DDDhorus
      @DDDhorus 11 місяців тому

      He has my respect and Gary did a good job,

    • @p3co_
      @p3co_ 11 місяців тому

      @@DDDhorusBS

  • @newhome2129
    @newhome2129 11 місяців тому

    Great host and great questions

  • @erolv3204
    @erolv3204 11 місяців тому +4

    Hey Gary Gangster..thx for the manupulative environment in the last week that cost millions for small investors..

  • @TravisFont
    @TravisFont 11 місяців тому +1

    Gary says a bunch of nothing 😂 someone retire this man.

  • @Sushmita-Shubhra82703
    @Sushmita-Shubhra82703 11 місяців тому +3126

    between the two, I think I would still support Amazons AMS35X : technically speaking, years ahead of the competitors,Brand power, easy development, flexible with source languages, quick tx...

    • @PhillipJohnson-ls2ec
      @PhillipJohnson-ls2ec 11 місяців тому +7

      Cough cough eeehhh is it scam or?

    • @p3co_
      @p3co_ 11 місяців тому

      @@PhillipJohnson-ls2echaha, definitely a scam. There are many tells, but the fact the there are over 1k likes makes it a no brainer to spot. Anything that says Amazon is a scam.

    • @jessicasamuel7003
      @jessicasamuel7003 11 місяців тому +1

      You see in the stock market, bigger risk begets bigger results that can work in the bulls' favor. I think investors who are wary of the changing market trends should seek out bear/bull mrkt directions from certified strategists.

    • @jeremiahfamous197
      @jeremiahfamous197 11 місяців тому +1

      folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @dorathysamson6994
      @dorathysamson6994 11 місяців тому +1

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

  • @micks8800
    @micks8800 11 місяців тому

    so Gary doesnt like btc volatility, but SEC approved futures, leveraged etf before spot etf? makes sense to anyone???

  • @Viveka-Purnima407
    @Viveka-Purnima407 11 місяців тому +579

    All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons AMS35X and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

  • @marklast865
    @marklast865 11 місяців тому +1

    He got a fat check from every applicant; that's why they were approved 🤣🤣🤣🤣

  • @chefcrypto5358
    @chefcrypto5358 11 місяців тому +2

    So cringe watching mr burns

  • @conradpene9093
    @conradpene9093 11 місяців тому

    Good on you Gary. As much as your hated at least your trying to do the best by the people. Thank you though for the spot etf approval I think we’re all looking forward to taking a chance and see global economics reach new heights

  • @viperviperpiro
    @viperviperpiro 11 місяців тому

    Thanks ! i can still DCA buy BTC even cheaper after the ETF approval!!! Thanks Chair Gensler!

  • @filippalexandrov1554
    @filippalexandrov1554 11 місяців тому +1

    So BTC is volatile. Should we stop from low cap companies to sell their shares?

  • @orozcosamuel-t8n
    @orozcosamuel-t8n 11 місяців тому +2

    Don't invest more than you can afford to lose. Crypto trading can be volatile, so it's important to only invest money that you're comfortable with potentially losing.

    • @DebbieClark22
      @DebbieClark22 11 місяців тому

      Right! And with the help of a crypto expert like you can make more

  • @rlhaff3560
    @rlhaff3560 11 місяців тому +2

    Hard to imagine Gensler is not influenced by his Big Finance buddies to destroy it since it DOES present a threat to traditional finance as it cuts out the middle man, (banks) and of course he never mentions that part of the story. It has few use cases because it is so young...most drastic innovations take a LONG time to get mass adoption. When Ford created the first car, there were few roads that were adequate for it, and no gas stations. It take time and BTC is very young.

    • @anomaly72443
      @anomaly72443 11 місяців тому

      Nope, ultimately he was influenced to actually make the approval happen so the Big Finance wolves could now manipulate the crap out of the BTC market and subsequently the entire crypto market in return.
      We just witnessed the wolf being let right into the henhouse.

  • @acidthunder1
    @acidthunder1 11 місяців тому

    So is the USD. How devalued is it over 100 years since the fed?

  • @ste4742
    @ste4742 11 місяців тому

    Great question Joe...well done

  • @Suspicious_Elmo
    @Suspicious_Elmo 11 місяців тому +1

    Gensler has many tells

  • @planetarygodzilla
    @planetarygodzilla 11 місяців тому +1

    They wanted to stop crypto so they brought in the guy who understood it the most. Genius move, but not enough as it seems.

  • @robusa5082
    @robusa5082 11 місяців тому

    Please ask Gary about MMTLP, he'll know what you're talking about...thanks

  • @trevordale1038
    @trevordale1038 11 місяців тому +1

    Law my A"$ ! Gary the Snake!

  • @williamwaleys865
    @williamwaleys865 11 місяців тому

    Then why did you approve the BTC futures ETF before it?

  • @angelgarma825
    @angelgarma825 11 місяців тому

    Feeling the pulse of Block Sailor Token's electrifying energy! ⚡

  • @matteotortorici
    @matteotortorici 11 місяців тому

    Gary speaks the truth. @4:35

  • @batcavemd
    @batcavemd 11 місяців тому

    Spot Ethereum ETF to the Next, Eth deserves it’s Spot .

  • @jovitaperez5365
    @jovitaperez5365 11 місяців тому

    The excitement for Block Sailor Token is reaching fever pitch! 🔥

  • @RussellJBennett
    @RussellJBennett 11 місяців тому

    Why don't y'all get Hester Peirce on for her opinion? Someone who's an advocate for Bitcoin within the SEC?

  • @dillon8860
    @dillon8860 11 місяців тому +1

    Now ETH

  • @profit-engine8001
    @profit-engine8001 11 місяців тому

    XRP was ruled, by a court, to be NOT a Security on Jul 13th, 2023. So, only BTC & XRP have been cleared as a currency/commodity, so when will an XRP ETF be approved?

  • @Chaitaly-Vrunda59223
    @Chaitaly-Vrunda59223 11 місяців тому

    Hes so happy about the Recession coming in, like hes super excited to be witnessing it.

  • @bellasmotion1833
    @bellasmotion1833 11 місяців тому

    xr is not a security and will be approved soon as etf as well eth

  • @holdtightappatton534
    @holdtightappatton534 11 місяців тому +1

    We should not have a representative in the SEC that is not united

  • @WilsonJohnson-jw4pe
    @WilsonJohnson-jw4pe 11 місяців тому +1

    The crypto market is going through storm after storm. The question of profitable investment becomes both more urgent and more complicated.

    • @KateDedic
      @KateDedic 11 місяців тому

      But people who follow crypto trends closely know that this situation has an accessible and transparent solution.

  • @campeon
    @campeon 11 місяців тому

    great questions, answers from Gensler are evasive as always

  • @fab-infotech-solutions
    @fab-infotech-solutions 11 місяців тому

    SEC should seriously consider sacking Gary Gensler! All his gestures particularly the hand shakes is representation of his lack of confidence and dishonesty!

  • @Monty-456
    @Monty-456 11 місяців тому

    Gary,,, good boy listening to BlackRock , speech is effortless when you speak the truth.

  • @soloe100
    @soloe100 11 місяців тому

    Why did Gary say exchange traded product? Not ETF

  • @AbsoluteDegens
    @AbsoluteDegens 11 місяців тому

    Gensler needs to be asked harder questions like this and needs to be confronted on his misrepresentation of Bitcoin and block chain technology

  • @leondedrick
    @leondedrick 11 місяців тому +1

    The fact that they know Bitcoin is used in illegal activities is because they can see the transactions on the blockchain.

  • @alwayslearning4
    @alwayslearning4 11 місяців тому +1

    Seems like having to approve this BTC ETF gave him the shakes. Now I HIGHLY doubt that an ETH and other crypto assets will get an ETF. In fact, I'm pretty certain there's zero chance with Gary still in that seat.

    • @mskmsk7174
      @mskmsk7174 11 місяців тому

      Eth will be approved

  • @indianastoned8234
    @indianastoned8234 11 місяців тому +1

    I didn’t believe in lizard people. I now know I was wrong. I’m sorry.

  • @tommycanuck
    @tommycanuck 11 місяців тому

    Joe bodied Gary!! WOW. Respectfully of course but dang… great interview!