CLARITY ACT + Morgan Stanley = 🚀🚀🚀

Most of Wall Street and most institutions believe that Bitcoin does not have regulatory clarity right now. Now, they're wrong. Bitcoin does have regulatory clarity because the IRS, the CFTC, the Fininsson, and all these regulatory agencies and the SEC, all of them have issued guidance on Bitcoin. So, if you piece all of those pieces together, it's very clear Bitcoin's a commodity. This is how it's taxed. This is how it's regulated. this is how you can turn it into a security with a rapper called a Bitcoin ETF, exchange traded fund. All of those things have clarity, but they don't have congressional clarity. They have regulatory clarity by regulatory agencies. They don't have regulatory clarity by the stamp of Washington DC in law. All of those things are about to get it because we are weeks away from the Clarity Act passing. Now, what is the Clarity Act? The Clarity Act is intended to provide a clear regulatory framework for digital assets and the the word clarity spells that out somehow. Anyway, now a lot of digital assets actually need a lot of clarity. For example, there is not regulatory clarity uh on what is a security and what is a commodity other than Bitcoin. Uh there's also not regulatory clarity on all sorts of other things related to stable coins, non-f fungeible tokens, and a bunch of BS, most of most of which is worthless. Most of that garbage and trash and whatever else doesn't have regulatory clarity and I don't care because none of that stuff is worth investing in anyway. Bitcoin already has regulatory clarity, but most people group all of that stuff together as crypto and they're like crypto does not have regulatory clarity. That's true. Crypto does not have regulatory clarity, but Bitcoin is different than crypto and Bitcoin does have regulatory clarity, but that requires a lot of mental brain power to figure that out. So the clarity act covers all of it. It provides regulatory clarity at the congressional level for all digital assets including Bitcoin. So there are a lot of very conservative organizations that have been sitting on the sidelines waiting for that clarity in order to feel comfortable allocating the Bitcoin. You know these are you know financial institutions tend to be run by old guys right? I mean, most of them are older men and they've gotten very comfortable in their lifestyles. They are riskaverse. Uh, you know, why shake something up that's working that generally the economy is working for them. It may not be working for other people, but it's working for them. Their financial institution is making them a lot of money. Like, why would I go mess with this risky Bitcoin thing? That's the way they perceive it when I'm making a lot a ton of money and everybody's happy. Well, the truth is, you know, things are changing and they're going to have to adapt. But they want that regulatory clarity. They want that stamp of approval from Congress before they say, "Okay, uh, you know, we can we can safely allocate to this. We're not going to get in trouble. We're not going to get blamed. Congress is not going to change the rules on us and take away all of our fancy, you know, rich profits." Uh, they want that regulatory clarity. Even if Bitcoin doesn't need it, again, these guys are not going to do the work figuring out Bitcoin's different than crypto and piecing together the regulatory clarity from Fininsson and the IRS and the e, you know, CFTC and the SEC and, you know, understanding how all the regulatory clarity basically they don't want to do the work of assembling the jigsaw puzzle to make it clear that Bitcoin already has all the pieces of regulatory clarity from every regulatory agency. They don't want to they don't want to put the pieces of the jug jigsaw puzzle together. They just want to say, "Hey, the regular, you know, the the Clarity Act covers everything. So, we know we're good." That's all they want to do. So, you'll see now, and Morgan Stanley's already doing it, companies and institutions are trying to start to frontr run that. They see the regulatory clarity coming because the clarity act is within weeks of passage. the final major hurdle has been reconciled between uh Coinbase and some of the big exchanges that focus on stable coins. Long story, but you know, bunch of stupid stuff. Anyway, uh the banks have been trying to block yield on stable coins because they don't want, you know, crypto tokens to compete with them. Anyway, the whole thing is like this big epic uh ridiculous uh cartel. But anyway, the banking cartel finally partially got their way. Coinbase partially kind of got their way. They finally agreed on something everybody could live with. And so the Clarity Act is on track for passage now sometime in the next few weeks. Well, again, companies like Morgan Stanley, which is a huge bank, they have 16,000 financial advisors. They have something like $7 trillion of assets under management, they see that regulatory clarity coming and therefore are rolling out their own Bitcoin ETF, exchange traded funds. Now, there's already like 11 Bitcoin ETFs, but they're all b by big uh, you know, brokerages and asset managers like Black Rockck and Fidelity. They're not from big investment banks and sort of the banking side of things. So, Morgan Stanley would be the first big sort of old school big lots of wealth advisors. It'd be the equivalent of Meil Lynch or Bank of America or JP Morgan rolling out uh a Bitcoin ETF product. None of those companies have Bitcoin ETF products. They are all relying, if their customers want to use those products, they're relying on Black Rockck and Fidelity and some of the smaller ones. So, what is likely to happen now is these big major banks are now going to roll out Bitcoin ETFs because again, they don't want people switching over to Morgan Stanley instead of JP Morgan or instead of uh, you know, the other, you know, Goldman Sachs or uh, Bank of America. They don't want people switching over to Morgan Stanley because Morgan Stanley is more open with uh you know with investment products and also if Morgan Stanley recommends their own Bitcoin ETF they get the fee from that Bitcoin ETF which is likely to be about one quarter of 1% per year which is what Black Rockck and Fidelity have. It's uh 02 it's roughly 0.25% I think for both. Um, so one quarter of 1% is the asset management fee and Morgan Stanley will get that instead of right now it is the most profitable asset over at BlackRock. Their Black Rockck Bitcoin ETF is their most profitable financial product. Uh, because it has like I don't know $80 billion under management and they're getting a quarter percentage of that every year for basically just sitting on it. So and moving some things around here and there, but it's all basically automated. Uh so anyway, uh so Morgan Stanley, it's a big deal that a major bank with 16,000 financial adviserss is embracing Bitcoin with their own product and that's likely to result in other banks doing the same. I would not be surprised in the coming years. Again, none of this stuff happens overnight, but I would not be surprised in the coming years if there's a, you know, a Goldman Sachs or a um Meil Lynch or, you know, Meil Lynch Bank of America, etc., if there's something like that for additional Bitcoin ETFs. But the bigger deal is the Clarity Act because essentially what everybody's looking is everybody's waiting for everybody else to go first. And a lot of people have gone first with, you know, Black Rockck and others, but those are forward-inking people that have a a lot higher risk tolerance. Most financial institutions are very low risk tolerance and they only want to do things after it's safe and after everyone else has already done it. And with the combination of the Clarity Act and Morgan Stanley, there's just a ton of companies on Wall Street and a ton of financial adviserss that say, "Okay, I was waiting for it to be like really safe." Not like Joel Bombgar says it's safe. Not even like Larry Fink says it's safe over at Black Rockck, but like really safe. Like we can really really confidently know that Bitcoin is here to stay and you know we're good for the long haul. And the combination of the Clarity Act in Congress, plus a major mover like Morgan Stanley, which is huge, with 16,000 advisers who are now going to be recommending their own Bitcoin product. That combination is just a really big deal. So, how long will that take for the Bitcoin price to turn around and go consistently up? I don't know. These things take forever. Sometimes there's huge good news and the price dips for no good reason. Sometimes there's huge good news and the price, you know, rips instead of dips. In the short term, it's very unpredictable because humans are very unpredictable. But in the long term, everything is lining up exactly right for Bitcoin to be the backbone of the financial world and for Bitcoin to ETFs to be a even bigger role in uh ways for traditional finance to access Bitcoin. And again, all of that drives price. The price gets people excited. That drives greater retail adoption. The bigger Bitcoin gets, the more liquidity it has, the greater capital allocators can allocate to it and everybody wins and it just get, you know, the snowball keeps rolling. So Snowball is in a great spot. These two things, the Clarity Act and the Morgan Stanley ETF are both huge deals and uh Morgan Stanley's ETF should launch in the next, you know, next in days, you know, if not tomorrow. It's, you know, coming days and the Clarity Act should pass in the coming weeks. And uh you know once again we turn a new page and all things are going in the right direction for Bitcoin. So here to help if you need anything. Otherwise same advice as always. Buy as much Bitcoin as you can and hold on to it for as long as conceivably possible. Uh that advice has never been wrong in the long term.