According to Lark Davis, and highlighted by the CoinSpeech team, the Bitcoin ETF phenomenon is sweeping across the globe. You can find Lark Davis’s new video below.
Bitcoin ETF Mania Expands Worldwide
The Thai SEC’s unexpected approval of a Bitcoin ETF for institutional investors stands out as a significant milestone. Highlighting Thailand’s economy as “the 26th biggest GDP country, a half a trillion dollar economy,” Lark emphasizes its importance despite some dismissive views.
A chain reaction seems to be triggering worldwide with Bitcoin ETFs now active in the USA, Hong Kong, Australia, the UK, Canada, Switzerland, and Brazil. “Are you seeing the liquidity tsunami that’s coming?” he asks, underlining the combined impact of smaller nations adding to the momentum.
Massive Influx into U.S. Bitcoin ETFs
The United States has seen exceptional inflows. “2.4 billion in the past month in US Bitcoin ETF inflows” and “15 consecutive days of inflows,” notes Lark, setting a stage for other countries like Hong Kong and Australia to follow suit despite their smaller individual contributions.
A Surging Crypto Demand vs. Stagnant Prices
Lark points out an intriguing paradox: despite monumental developments, Bitcoin’s price isn’t skyrocketing as expected. “You got the bull on the Bitcoin knocking on the 70k door and the Bull’s asking so you never go in, nah I was just knock and run away.” However, he remains hopeful, citing technical movements that could push the price higher.
GameStop Drama: Market Manipulation Exposed
Parallel to the crypto excitement, Lark dives into GameStop’s continuing saga. Roaring Kitty, a notable player, is facing potential expulsion from trading platforms, an action Lark deems hypocritical. He mentions, “Warren Buffett literally got permission from the SEC to not have to disclose a secret stock he was accumulating for eight freaking months.” This double standard, he asserts, is a clear sign of how rigged traditional finance can be.
Banking Woes: Old System, New Problems
Shifting focus to banking, Lark describes it as another reason “why we Bitcoin.” He highlights a dire situation: “63 lenders on the brink of insolvency…sitting on $517 billion in unrealized losses,” depicting a crumbling financial landscape propped up by the Fed’s interventions.
Polkadot and Solana: Rising Stars in Altcoins
Highlighting the burgeoning world of altcoins, Lark celebrates Polkadot’s ecosystem nearing a billion dollars in total value locked and Solana’s continued dominance in new token launches. “Jupiter exchange surpasses Uniswap V3 in 24-hour deck volume again,” he notes, showcasing Solana’s growing influence.
These achievements illustrate a thriving and competitive altcoin market, potentially setting the stage for even greater adoption and technological advancement.