The content is a video by Dusty discussing recent events in the cryptocurrency market. Dusty mentions that Elon Musk’s tweets caused volatility in the market but emphasizes that as long as Musk and Michael Saylor hold onto their cryptocurrencies, it’s a good sign. He also talks about his own crypto purchases and the positive outlook for the market. In addition, he mentions that Wells Fargo is considering offering crypto products to institutional clients. Dusty also shares a post from 4chan that suggests a coordinated sell-off and subsequent buying opportunity. He concludes by mentioning Kathy Wood’s belief that the recent correction could expedite Bitcoin’s ETF approval.
Did You Buy the Crypto Dip Today?
Hey guys, what is up? It’s Dusty here and welcome back to another crypto video. My question of today is, did you buy the freaking crypto dip today? Crypto is insane, but we recovered quite drastically. It was really a roller coaster as we got some news from Elon-Mother Freaking Musk. Wow, like, like wow. Let’s quickly look at Elon and what exactly he said. He went over to Twitter to state that Tesla has diamond hands and also credit to our master of coin, which I believe is Michael Saylor. We’ll talk more about that a little bit later though, as I’m assuming that everything I said is coming to fruition, which basically was that it’s all a manipulated move made to make you sell your crypto. And again, as long as Michael Saylor and Elon Musk are not selling the cryptos, we are good. Not that many people showed this love, but it’s a lot more important than it might seem right now. These two guys know, these two guys are in it really freaking deep, so if they do something crazy, you already know that something crazy is most likely going on. But they didn’t. Having said that, guys, if you are enjoying these daily crypto videos, make sure you help out the channel by quickly pressing that little like button and quickly pressing that little subscribe button. Why not? You’re helping out a ton so make sure you do that right freaking now. Alright, let’s see what we got.
Crypto Fear and Greed Index Update
Crypto Fear and Greed Index is updating in a couple of hours. I’m kind of sad that it takes so freaking long for this one to come on. I guess it’s 6 and a half hours, I guess it’s 12 GMT, you know just the UK time, but it’s since I’m +4 now, it takes such a long freaking time for it to update. And I’m just waiting to see if it’s gonna be at an all-time low because people aren’t fearful today, or if that actually is gonna kind of even out here as throughout the day people have recouped a lot of faith once more. Right, it was a really stressful day at the start, but in the end, it ended positively and I think this bounce has actually left a lot of people more certain about their crypto than before. It once more, that’s just my opinion, but I would say that right now people are feeling quite confident because this shows there will always be bulls, there will always be these big guys who have not given up. So even though we might just dip more, it might just… it might, this was just another good little showcase, I guess, of the power of crypto, the fact that it ain’t going no freaking where, man. It ain’t going nowhere. And I keep telling people I am so extremely excited, even though all these changes kind of screwed us over today. I still think it’s just worth it to use them, still worth it to buy crypto, and you guys all saw me buy some crypto live, right in the livestream. I told you guys about what cryptos I’m buying, how much, and how exactly I was splitting my couple thousand dollars into some extra buys. I’m not sure exactly how much money that is right now, but we definitely made money because Matic, for example, one of the cryptos we bought, is already up a ton. We’ll talk about that in another video coming out later today.
Wells Fargo to Onboard a Crypto Strategy for Institutional Clients in June
Now, here’s some crypto news which just came out – Wells Fargo to onboard a crypto strategy for institutional clients in June. A large US-based bank embracing bitcoin. Keep coming left and right, and the latest one could be Wells Fargo. Through its investment institute, the investment department of the large multinational financial services organization, Wells Fargo is looking into offering crypto products to its institutional clients. A senior executive outlined the innovation in a recent interview and called bitcoin a nice diversifier. So, is Wells Fargo getting on the BTC wagon? Well, in a recent interview with Business Insider, Daryl Cronk, President of the Wells Fargo Investment Institute, highlighted the bank’s recent pro-crypto approach. And the executive noted that the division he runs is currently evaluating an onboarding and actively managed crypto strategy to its platform for institutional investors. The department has looked for a professionally managed solution for a while. However, the endeavor is in the final stages of the manager research and due diligence process. Now, as such, Cronk expects the strategy to see the light of day around mid-June. “We think the crypto space has just kind of hit an evolution and maturation of a development that allows it to now be a viable asset. That’s, again, specifically because of this reason. That some people said, well, this big dump right now was all planned, all planned, all planned. Because, well, specifically, what we’re seeing right here is another bank statement of bigger guys getting into the space but kind of looking for a good opportunity. And you sometimes start to think about it then, like hmm, it could be that something bigger is going on.
An Interesting Post from 4chan
Now, I saw a post on 4chan as well earlier. I’m going to read it. I don’t want to show it just for the sake of not showing 4chan posts on here, but I’ll quickly read what it said. And that’s something to maybe think about. “Hey guys, insider here. This is from yesterday, 8:00 p.m. I’m not exactly sure what time zone they’re using. Um, I’m not exactly sure.” Hey guys, insider here. For those of you that are not busy moomoo/bobo larping and paying attention, there will be another announcement from China soon. Picture is semi-related. Can’t tell you guys what firm I work for, but it’s massive and it’s working with the PRC. The purpose of today’s press release, alongside all the fud posting, is to get Bitcoin as low as it can before 7:00 a.m. UTC, I think. First, there will be a coordinated sell-off to drop the prices below a certain threshold and liquidate one certain stakeholder. Can’t right, it’s outside say who he is, but bought a lot of that dip that he was partly responsible for. Once liquidated, the plan is to then buy up all the reserves and essentially leave him bankrupt. If you guys want to be rich, grab some coffee and watch for the big dip once it happens. Things are going to get green really fast. We project 70,000. That’s all. And there’s a picture of China. Will recycle used white guys. And the text below, you can’t really read. So that’s a little post from 4chan. And all I like to say is interesting. Is there any credibility to him? No, because it could be that this 8 p.m., in which this guy was talking, basically was already after China had announced the regulations. So then that makes things a lot less interesting, right? And a big sell-off, it’s a 50/50. When big regulations like that happen, it’s a 50/50 bet. In this case here, I’m assuming still that it’s some bigger guys who took everything down. It was also yesterday pretty annoying that XRP finally started doing good and then exactly when it started to pop off, a new proper boom Bitcoin dump comes in. Why? Most likely because of the whole China ordeal. Most likely that’s what’s going on. Kathy Wood predicts Bitcoin could hit 500k, says correction is good for ETF approval. Now, I think by just watching a couple of these articles now, you’re already quite certain as well with me here that crypto ain’t going nowhere. However, there are kind of added bonuses, for example, here in ETF. Kathy Wood believes that the massive correction could actually expedite the process of Bitcoin’s ETF approval. We go through soul-searching times like this, but our conviction on Bitcoin remains high…