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- 🙈 Ignore all the ETF Noise 🙉
"What the eye sees, the ear hears, and the mind believes." - Harry Houdini
In today’s email:
ETFs will be approved ✅
China Legalizes Crypto...Again 🇨🇳
NoShill’s NEW 24/7 Live Stream is Launching Monday 📺
Our Prediction of what the market does after ETFs 🔮
ETFs ✅
World GDP Visualized
Take a moment to study the infographic above, and make a note that the United States is the largest, China is second, and Germany is a distant third. Now, take a look at the infographic below…
BlackRock’s Top 25 Holdings
Yes, if BlackRock were a country, it would be the third largest GDP in the world at over $9 TRILLION in assets under management.
Let’s look at the “ETF” back and forth in reality. While it’s good for clicks for news outlets (specifically crypto-centric ones) to write about the approval and non-approvals of the ETFs, it is simply just for clicks and views.
The ETFs will get approved. BlackRock owns America and has a lion’s share stake in the companies that make the country move. If you think the United States government is in a position to tell them “no,” you need to have a better understanding of economics and how money works. Don’t think that a massively powerful fund is enough to get their ETFs past the legal rubicon? Well, how about:
As of 2021, at least three executives from BlackRock operate notable positions in President Joe Biden’s Cabinet. Biden appointed BlackRock executive Brian Deese as Head of the National Economic Council, and Adewale Adeyemo, former chief of staff to BlackRock’s chief executive, is the top official at the Treasury Department.
The noise of ETFs approval and non-approvals is just theatrics. BlackRocks will get approved and all the morons will be shaken out as they continue on their path of world domination. Hold your bags and ignore the ETF “chatter;” the morons writing about it have no clue.
CHINA 🇨🇳
China ready to trade
For what feels like the hundredth time, China has legalized crypto. So, moon shots for all, over the next year, right?….right?!?!
Possibly… but to be honest, we don’t really see how enabling the citizens of a communist country to trade - means tokens go up. IF this were the case, this is under the assumption that Chinese citizens have money… they do not.
In 2021, the last full year for which Beijing’s National Bureau of Statistics offers data, the average Chinese worker earned 105,000 yuan a year, the equivalent of $16,153. The average American worker earned some $58,120 a year, 3.5 times his or her Chinese counterpart.
If the AVERAGE income across a workforce of 733.5 million is $16,000, this doesn’t leave a lot of wiggle room for “high risk investments.”
But the whales?!?!?!
Right, the infamous Chinese whales will come and buy all of our tokens at a massive premium because the intention of any trader is to make their counter party wildly wealthy. 🙄
While this is a good thing for crypto, we wouldn’t expect a MASSIVE impact unless the CCP is keen on taking a large position in the space (and not a position like the DPRK); we don’t see the giga send everyone dreams of coming from this news.
24/7
NoShill Livesteam
On Monday, September 4th, NoShill will be launching a 24/7 livestream. This livestream will allow you to track crypto prices in real time and enjoy our catalog of amazing LoFi music. Our streams will be launched on YouTube, Twitch, Kick, and Rumble. Be on the lookout in Monday’s email for links to the stream.
PREDICTION 🔮
NoShill lead analyst
Markets have a very odd way of being predictable. New names; same game. While we have seen large retail impacts on crypto (stimulus check bull run), everyone is anticipating ETFs to send crypto to VALLHALLA. While this does sound amazing and exciting, let’s be honest with ourselves a bit here.