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so according to Kathy Wood her reasoning to why Bitcoin will soon be a 10 trillion dollar industry is due to mass institutional adoption okay so she thinks that all of this money from these big Wall Street Banks hedge funds ETFs and everything in between will eventually come in and that will drive up the price to five hundred thousand dollars per Bitcoin which is crazy but if you look at the grayscale Bitcoin trust that's down 40 from its all-time high so that is proof that you don't have mass institutional adoption because these institutions would probably rather buy into the trust instead of holding Bitcoin itself but also if you look at these Bitcoin Futures ETFs well they're all losing money and to State the obvious Bitcoin itself is also down somewhere around 65 to 70 percent from its all-time highs and if you look at Kathy Woods's portfolio all of her ETA years have also crashed the arc Innovations ETF which I think is her most popular that's down 70 percent so it's on par with bitcoin's losses and as for ETFs well they aren't supposed to drop 70 so you probably shouldn't invest into her Arc investment funds the whole point of ETF investing is to diversify so that if one of the companies in that ETF fails or goes bankrupt then the other companies in the ETF will balance out the losses and if the ETF is being properly managed then being heavily Diversified you would expect that the top Holdings in the ETF would be allocated to highly profitable companies and then some of the smaller Holdings might be a little bit more speculative for the majority of the companies in the arcfund ETFs well they're all money losing companies that have never turned a profit and she actually launched a new ETF called the transparency ETF so I'm not sure what that their means but hopefully she's transparent about how risky her investing strategy is and if this transparency ETF is anything like any of her other ETFs then don't go anywhere near it and it's funny to listen to Kathy Wood explain to her CNBC audience why these tech stocks and these artificial intelligence companies that she's buying into for her ETFs are so expensive since they are unprofitable money losing companies but according to her they aren't expensive and they are actually trading at a discount even though their price to earnings are on another planet she says that even though these companies have no earnings now after her special and Innovative analysis she's expecting them to be very profitable soon and that will bring the price to earnings a little closer to Earth but you know no one can predict a company's future earnings especially if it's never turned a profit if you have a company that's losing a bunch of money how would you know if it will ever make money you don't know nobody knows especially not Kathy Wood she can only hope that they will make money but I first heard of Kathy Wood and the arc innovator the ETF back in early 2020 when the price was around 35 then during the pandemic as everyone was sitting around gambling off their Robin Hood apps it then skyrocketed to 157 so it pretty much went up five-fold before dropping 70 percent to where it's at now but the reason so much hype surrounded Kathy Wood is not because of her investing strategy it's because she's a woman and a male dominated industry that's why mainstream media praised her as if she was the next Warren Buffett and she actually believed in her own hype but her bubble was about to pop because anyone who has invested into her ETS from around June 2020 till now while they are all losing money unless they were smart enough to jump at the peak of the pump which was in early 2021 but it's this next goof who really Takes the Cake when it comes to bitcoin pumping and if you thought that Kathy Woods's 10 trillion dollar price prediction for Bitcoin was wild well according to Michael the silly sailor Bitcoin will surpass 100 trillion dollars that's actually not the craziest thing that he said about Bitcoin he actually believes that bitcoin's price will keep going up forever imagine that so he thinks that Bitcoin will be worth 20 times more the market valuation of Apple Microsoft Amazon Google and Tesla combined this guy has completely lost his marbles and he keeps saying the craziest stuff like Bitcoin is the only property we need so there is no need for Real Estate anymore because we have Bitcoin I sometimes can't believe what I'm hearing from these Bitcoin Guru because that's ridiculous does this guy not understand that we need a place to live and that real estate is a real property that's why it's called real estate it's real it's tangible it's a physical asset and Bitcoin has no physical properties but Michael the silly sailor thinks that it does he thinks that you can live in Bitcoin the same way that you can live in a house and as you'd expect much like all these other Bitcoin gurus he also says crazy things about gold and how it's trash according to him okay now the total value of all gold that has ever been mined is estimated to be somewhere around 10 trillion dollars and this is some of the crazy stuff that Michael the silly sailor keeps saying he said that it should all be gathered up and dumped because you can't do anything with it it's worthless he says I mean come on don't dump it Michael you crazy man I'll use it and since you don't like real estate either I'll build myself a house from solid gold just to prove to you that gold has utility so give it to me don't dump it and if I'm strapped for cash I can also sell some of that gold to Apple Microsoft and Tesla for their chip manufacturing and I'm pretty sure that Rolex will take some of my hands too because they love the stuff so don't dump your gold just give it to me I'll do something with it which one's the best crypto asset well bitcoin's the best crypto us okay what's the second best there is no second best there's no second best crypto asset there's a crypto asset it's called Bitcoin right right there's no second best okay but take all your money buy Bitcoin then take all your time figure out how to borrow more money to buy more Bitcoin then take all your time and figure out what you can sell to buy Bitcoin and if you absolutely love the thing that you're that you don't want to sell it Go mortgage your house and buy Bitcoin with it and if you've got a business that you love because your family works for the business that's in your family for 37 years and you can't bear to sell it mortgage it Finance it and convert the proceeds into the hardest money on Earth which is Bitcoin
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