00:00:00: Anthropic launching mega deal with Bitcoin miner BlackRock, launching ETFs in Canada and the Clarity Act is postponed until September.

00:00:22: This

00:00:25: video.

00:00:29: So we will talk about Bitcoin, of course.

00:00:31: But We'll Talk About It in a Different Light because we'll talk about the focus on AI A bit as well?

00:00:37: Will talk about The Clarity Act and we'll Talk about BlackRock's new Bitcoin products that are not focused on Bitcoin directly.

00:00:45: but first let's jump into this right news story Because Anthropic the mega company behind Claude has just done an nine billion US dollar deal with a bitcoin miner of all sorts, so Riot platforms as we know is one the biggest miners in deal for their computing power that Anthropic obviously will need.

00:01:13: Now, we also heard that anthropic might IPO towards Q three q four maybe October or November?

00:01:21: We'll see kind of dependent on the marked market situation.

00:01:24: but very interestingly, we are seeing more and more Bitcoin miners kind of pivot toward AI.

00:01:31: We're seeing Riot platforms Mara BitDeer CleanSpark core scientific hot eight iron, all are focused on AI and high performance computing.

00:01:41: And it actually makes sense because its the same devices that they already have end use for bitcoin mining but can sell at a higher margin for actually to the AI companies.

00:01:54: So that will probably mean, a lot of these mining companies will focus most of their resources towards AI.

00:02:01: but real question is what would happen if Bitcoin price rises at all time high around US dollar?

00:02:10: Because then obviously it'll become much more profitable for the bitcoin miner and also mine bitcoins resources.

00:02:21: Now, next up.

00:02:21: Let's talk about the clarity act because we have been discussing this Clarity Act for quite some time.

00:02:27: over eight months We have been waiting for the Clarity act to actually go through and then just last week They announced that they will go into recess.

00:02:36: So we will probably hear about the Clarrity Act around mid-September.

00:02:40: once again now Trump team is clearly saying they want the Clarity Act To Go Through.

00:02:45: it Is a lot of changes A Lot Of Changes That Would Essentially Make The US a crypto location that it hasn't been before, to be honest and will help a lot of companies establish themselves in the US as well.

00:02:59: Lots of DeFi but also kind tokenization efforts are packaged into this clarity act.

00:03:05: now The main problem is the Democrats which still aren't completely convinced are definitely convinced that it will bring benefits to Trump and the Trump administration, but we're still talking about sixty votes.

00:03:24: To get the clarity act over at the finish line.

00:03:27: now let's jump also towards Canada because BlackRock Canada has launched two new ETFs And one product is actually quite interesting.

00:03:35: so the IBQ too which Ishares equity plus Bitcoin ETF portfolio allocates ninety seven percent of its portfolios to Canadian, US international and emerging markets equities.

00:03:49: And three percent two Bitcoin through their actual own product.

00:03:53: so through the Canadian I shares bitcoin ETF product which makes actually a lot of sense because a lot investors are still wanting to get exposure towards a bit coin but don't want exposure in single products.

00:04:07: So this product might be quite successful for BlackRock.

00:04:12: Now, if we jump towards the chart.

00:04:14: We can see the following kind of perspective here and very interestingly... ...we are building a mini-range within that bigger range now.. ..we're still in the one third or first third of that mega range toward seventy five thousand US dollars.

00:04:32: but in that range.... build up here in the area of sixty four thousand US dollars.

00:04:40: And that is actually OK.

00:04:41: Bitcoin going sideways for at a moment, it's quite all right and considering kind of major news happening all over the world this is actually okay In my opinion.

00:04:52: I still think we might see sixty eight to sixty nine thousand US Dollars fairly soon.

00:04:57: but now bitcoin is gaining steam.

00:05:00: It looks different on Ethereum side because down after Ethereum has reached this US dollar line for quite some time.

00:05:11: And then we have seen the correction down towards one thousand eight hundred eighty five as of now.

00:05:17: However, Ethereum looks actually much better than a couple months and weeks ago because here this was pure Ethereum weakness but is showing some Ethereum strength.

00:05:30: so I do believe that once these two-thousand US dollar line crosses subscribe to not miss any other crypto news.

00:05:42: I will see you on the next one, have

00:05:57: a good.