FOLLOW GOLDMAN SACHS

“Bitcoin whales are accumulating at record numbers. 270,000 Bitcoin alone in the last 30 days. This is the highest rate since 2013. What do they know? They must know something that we don't know, right? They have to be trading on insider information. There's no way it's just a bunch of guys buying Bitcoin randomly.”

“Goldman has proposed a income Bitcoin ETF. This is obviously a new kind of financial product in line with what BlackRock has proposed, where effectively they're going to sell options against the underlying position in the ETFs where you can earn a yield, and I guess your upside is a bit more capped than just buying Bitcoin. But I mean, Goldman Sachs, man, I haven't heard their name in the conversation before this.”

“Morgan Stanley is special. It's a sell-side bank. It's not buy-side. And it is a wire house. And it's the biggest wire house. And these are traditionally the most conservative, all the advisors. You know, there's some RIAs in Missouri who are much more progressive than the wire houses. Wire houses are like the most conservative. Like, even to get on their platform, it takes like years.”

“I told all the coiners that the boomers were going to be stronger hands than they thought. And I was told by even other serious analysts that these boomers were going to look at the ETFs as orange poker chips. And they were going to be gone like the wind as soon as there was any volatility. And the exact opposite happened. I think the most was $8Bn in outflows during the worst stretch.”

“iBit has 2.1 billion in year-to-day flows. That is astonishing given it's down, what's it down year-to-date? Like, I don't know, 12, 15%, something like that. Anyway, and it's down, what, it went on a, at one point, I think it was 50%. It's just done such Herculean things in the past two years. It's easy to say, oh, only two billion, or it's only ranked 50th in flows, but this is astonishing given the downturn.”