저자: Kevin · 외국인
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SEC가 비트코인 선물 ETF 승인을 막지 않을 것이라는 블룸버그 보도를 계기로 비트코인이 약 5,720달러에서 5,940달러 수준으로 상승했다. 선물 ETF는 규제 완화의 첫 단계로 해석되며, 승인 시 호재로 본다. 발표인 Kevin 본인은 선물 ETF보다는 현물 비트코인 직접 보유를 선호하고, 추가 매수했다고 밝혔다.
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by the way at the end of this video i'll also mention to you whether or not i'll be investing in this hey everyone me kevin here this video is sponsored by a public go to metkevin.com public to get up to seventy dollars in totally free stocks no payment for order flow no selling of your data and you can now buy or sell cryptocurrency that's metkevin.com public okay folks let's get right into this the sec is potentially going to allow a bitcoin futures exchange traded a fund something that kathy wood has applied for as well in recent weeks and take a look at this upon the news of or the publishing of this news from bloomberg we saw bitcoin essentially gap right up from about fifty seven thousand two hundred up about two thousand dollars to where we sit now about fifty nine thousand four hundred we did run to a high folks a recent high here of sixty thousand and two dollars now why is this so exciting well because we are expecting a bitcoin etf to get approved in the future and some folks see a bitcoin futures etf as the first step towards a more broad etf now futures is basically a contract futures and options here to purchase or sell a certain amount of cryptocurrency in this case uh bitcoin in the future could really be any kind of commodity it could be the s p 500 futures whatever right it's a promise to buy or sell a set amount of something in the future and the sec actually has a bulletin out on bitcoin futures now it's not specifically about bitcoin futures uh in terms of an etf but this is from june 10th and so some folks are referring to this bulletin as sort of maybe like hey like this was the the heads up in the summer that maybe a bitcoin futures etf was going to be able to uh be approved the one thing that's really neat about this is they mentioned here that in the united states bitcoin is a commodity uh which is fascinating because a lot of folks see a bitcoin as a currency which is treated differently as a commodity and perhaps most importantly people generally do not want cryptocurrency to be deemed a security because it opens you to a lot more regulation with the securities and exchange commission the sec and here they are literally saying it's not a security in effect or at least that's the way it's viewed now but then this is just the sec this is just saying the way things are looked at right now but either way a lot of futures contracts are based on trading commodities and folks see this as kind of the gateway drug so to speak of getting into an actual bitcoin etf and full-on cryptocurrency regulation this is why bitcoin jumped because it's seen as very very bullish now why do we think that this bitcoin etf is going to get approved well it's because of this right here a bloomberg article saying that according to people familiar with the matter the sec is not likely to block bitcoin futures etfs from starting to trade next week and again these are not bitcoin etfs where people could hold bitcoin essentially directly through an exchange traded fund which would essentially mean being able to buy shares of bitcoin on the stock market that's different this is being able to buy shares in futures contracts on the stock market where somebody else is promising to buy or sell a certain amount of cryptocurrency so a little bit of a differentiation there but kind of good because the sec if they were super anti-crypto could easily come in and block this and it's very very good that we're not seeing a block to this it is uh definitely a step in the right direction now what's what is futures uh where what is a futures contract and how does that compare to maybe something we might be more familiar with like an options contract so an easy way to think about futures is that whatever you're promising to buy you don't have an option to buy you have a commitment to buy that's why we call options options when we buy a call option we have the option it's our choice to actually buy the underlying stock let's say if we're talking about trading options for stocks if you uh purchase a put you have the option of making somebody else buy your shares at a certain price as long as that price is above what the current price is so you have this choice as a buyer of option contracts to force somebody else to do something to either sell you shares or to buy your shares in the case of call options you could force somebody to sell you shares uh in the case of put options you could force somebody to buy your shares at potentially a higher price right or for calls sell you something at a lower price that's the point of options but you don't have to you don't have to get rid of your shares you don't have to buy those shares if you don't want to with a futures contract you are committing to take delivery of whatever that contract is by the end date if you still hold the contract by the end date now you can trade futures contracts but the downside of trading futures contracts is that unlike options contracts futures contracts are what are known as marked to market every day so for example if let's say you have a call option on gld or gold and you spend three thousand dollars in premium for the right to buy a thousand shares of gld for 168 dollars on november 19th now that's a 3 000 option you have to spend 168 000 on gld or the ishares gold fund in the future you only needed 3 000 for that contract so if you get to the expiration date and you're like i don't have the 168 thousand dollars to actually buy gld at 168 times a thousand shares because you have uh you know 10 contracts of it let's say then then that's okay you are not obligated to buy the shares of gld you don't need the 168 000 you can have the option contracts uh and if you don't want to buy you just let it expire or trade it away the difference though with futures contracts is if you had a future contract to buy a hundred sixty eight thousand dollars worth of gold in the future whether that's actual gold or shares of gold through some kind of fund you are on a daily basis going to be required to stake a certain amount of capital to show that you are going to be capable of executing that purchase at the end this is staking margin and every single day your contract value gets marked to market you don't have to stake the whole thing but if all of a sudden the price of gold goes up a lot you're going to have to keep putting money in or otherwise you get margin called your option won't just expire or worthless if you don't want it or you just choose not to take the shares because even though you might be in the money all of a sudden you just don't have the 168 thousand dollars it does not matter whether you were in the money or out of the money on expiration date you have to buy that gold if you committed to buy that gold and you're holding the contract on that end date so futures uh therefore carry a little bit more risk see as a buyer of that gold call contract you're limited to a three thousand dollar risk that's it that's your limited risk you could trade that all you want if that money evaporates oh well you lose three thousand dollars that's your max risk but your max risk with a futures contract is that gold let's say skyrockets you promise to pay it you are going to and let's say gold doubles you're going to have to come up with 330 000 to actually buy the gold or get rid of the contract and you're going to have to deal with spending a lot of money you're not just losing three thousand dollars you're losing way more potentially and so futures contracts therefore a little bit more risky again you're making the commitment to actually buy or sell something you get mark to market on a daily basis and there's a lot more risk in this sure you could day trade these a lot of people day trade futures and then they don't want to hold them overnight because of that mark to market but folks keep in mind that whether you like futures or you like options or quite frankly you don't care about either of them what happened here with the sec and bitcoin at least what is rumored to be happening is bullish for cryptocurrency remember that the sec chairperson gary gensler says that regulation for cryptocurrency is like regulation for cars in the early 1900s before we had regulation we didn't have seat belts we didn't have traffic lights people were afraid to use cars because they were deemed dangerous people were unfamiliar with them when we got regulation people learned about using blinkers people were required to use blinkers and brake lights and we had stop signs and traffic lights and seat belts all these things slowly came out as innovations not necessarily in that order but anyway people then became a lot more comfortable with driving vehicles and therefore vehicles exploded in popularity and people believe that same explosion and popularity could happen in cryptocurrency if we finally get some modest regulation certainly we don't want china-level regulation where everything is getting banned all right now what do we think price-wise and is this something that i'll actually invest in so uh price-wise first of all for bitcoin this is bullish when we actually get formal approval i would expect that this is not actually going to be a buy the rumor sell the news this is going to be a buy the rumor by the news uh i would expect that cryptocurrencies will do well when this gets formally approved because this is just a rumor obviously if it doesn't get approved we could see some temporary weakness in cryptocurrency uh but it would just be temporary we're on a nice trend uh a nice upward trend right now i added some more cryptocurrency yesterday uh and uh bought so right as this news came out within like the first minute of this news coming out so i was able to get a good price i was able to send an aler as well where i send crypto notifications also but uh now going forward what about a futures etf would i buy a futures etf probably not for me i don't i'm not so interested in playing uh futures i'm not as well versed in futures as i am at options i would rather just huddle the actual uh the actual uh bitcoin uh now i think the futures etf could be interesting for some institutional investors but i really don't think a lot of retail investors are going to get involved and i maintain that the best way to buy cryptocurrency is just go to something like coinbase.com and buy the cryptocurrency maybe transfer it to block five where if you transfer money to block five by the way you could get up to 250 dollars totally for free for doing so up to 250 for free by going to block fine go to medken.com bf to get that uh that affiliate uh referral opportunity so again medkkevin.combf to get up to 250 in free uh cryptocurrency and there you could earn yields on your cryptocurrency for just parking it there uh with block five and uh allowing them to lend it out that's why you earn the yield but yeah for me i'm a big fan buy and huddle right now and this is nothing more than a positive catalyst that will lead the way to more ideally positive regulation for cryptocurrency sure to go to metkevin.com public to get up to 70 dollars in free stock and you can now buy or sell cryptocurrenc
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