Bitcoin to $0 & Bankruptcy | The Truth.

hey everyone me kevin here could bitcoin

go to zero and what are the actual

components that hold bitcoin together

that is what makes bitcoin move in this

video i'm going to reveal to you the

impacts of what certain things in the

market have on the price of bitcoin and

these are going to be rules of thumb

that you can write down i'm also going

to show you how you can be aware at

least try to be aware of potential

dangers brewing at your brokerages folks

let's get into this video after

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members with brand new content totally

for free and it's content that you've

been asking for here's a chart that

studied a proxy investment or a group of

three things to try to understand what

makes bitcoin tick

and this is made up of three things

which are quite interesting we're gonna

write those down here so we know first

it's made up of a

one

two one correlation to tech stocks so if

tech stocks go down 10

we would expect bitcoin to go down 10

percent

number two

if gold goes down by 10

we actually expect btc to go up by five

percent so you've got a little bit of an

inverse relationship to gold

uh then

the third aspect is if volatility on the

nasdaq goes

up or i'll

we'll say up 50 percent then we expect a

4 000 movement

in btc

and then the fourth thing that affects

bitcoin and gives us an idea of would

potentially btc go bankrupt is the

following chart is the chart that shows

this theory that as global money supply

goes up much like in the stock market

you see this correlation as well as

global money supply goes up you tend to

see the bitcoin market go up

substantially take a look at this as we

print money over here you get a bitcoin

boom we print less money you get a

bitcoin trough we print more money over

here during the covered pandemic you get

a crypto boom again right february of

2021 over here representing the peak of

around 69 000. but only bitcoin really

marries to these correlations and you

have to take them all together so it's

not like we could just look at gold and

see oh gold's down 10 bitcoins up 5 on

the day the way to look at this is very

simple you want to kind of make a

conclusion that's simple from this

if tech goes down

and gold

goes up which is often a fear trade

though it doesn't always have to be

and

volatility goes down so we get sort of a

bleed out of volatility you're going to

have a bad time in crypto crypto equals

bad and obviously we know a few of these

are true we know that the money supply

of money being printed

is going down we know

that tech stocks are going down

and we know that there's fear of

potentially going into recession though

gold isn't really behaving normally

right now it's actually going down but

that's offset by the fact that

the other thing that's happening that's

weird is volatility isn't really up see

usually when we have crashes in the

stock market we tend to see the vix

spike and we're at pretty dang low

levels in the stock market right now but

take a look at this we still haven't

gotten those cathartic flush outs that

cut that occur when we have massive

spikes on the vix like over here during

the covet pandemic

in march at the end and beginning of

2018 during the taper tantrum and of

course the great recession over here

volatility has it has slightly moved up

back to a more sort of normal line here

a normal average but it's by no means

spiking and that's actually bad for btc

so a lot of the movement in btc's price

can be traced back to correlation to

tech volatility and m2 money supply if

anything

in my opinion yes this does potentially

signal more potential downside because

we're not going to get more money

printing we could potentially see tech

stocks bleed further in a slow way which

doesn't necessarily signal the best but

if volatility all of a sudden spikes up

we actually could see btc move up as

well since it's mo since it moves with

volatility so it doesn't feel like we

are going to go all the way down to zero

because that would take some substantial

bleeding out of tech at the same time as

volatility actually bleeding out and no

money printing which of course we have

which would be really quite odd to see

tech stocks continue to plummet without

volatility skyrocketing to somewhat

buffer bitcoin a bit anyway long story

short based on this proxy chart it would

take a lot more pain and markets to

actually see bitcoin really go to zero

now could bitcoin go down to five

thousand dollars let's say and cause

substantial more pain for usdc and

stable coins and other brokerages

absolutely in fact paying for brokerages

is exactly probably where you have your

most exposure in fact take a look at

this this was a video posted and filmed

back in march of 2021 look at this video

from march of 2021 called the complete

collapse of cryptocurrencies the

stablecoin disaster just listen to about

these 10 seconds here and which company

which i kind of nickname in a very

similar way i suggest might go bankrupt

over and over again we have no idea

let's say voyager goes bankrupt okay

voyager goes bankrupt because they're

like wow we just held all these margin

losses well cryptify is probably going

to have some issues as well

cryptify of course being a reference to

blockfy and that was posted a year and

two months ago and folks

just the day before

voyager digital suspended withdrawals on

june

23rd june 23rd voyager suspended

withdrawals take a look at what we

talked about in the course member live

stream on the

the june 22 course member live stream

individuals ask me hey what do you think

about voyager and what did i say but oh

customers about

5.48 yeah look at that they're they're

not

they're in the way they're our money

they're out of money

this is based on their march financials

we knew in march well after the three ac

issue that the exposure voyager digital

had on their balance sheet was very

sensitive to even a nominal loss and

that

3ac bankruptcy that hedge fund that

filed bankruptcy that once had 18

billion in assets under management

basically tanked voyager digital and so

we said that the day before they

suspended withdrawals well folks despite

getting a 485 million dollar bailout

from sam bankman freed who's deemed to

be the j-power of cryptocurrencies

voyager digital has filed for

bankruptcy they were out of money in

march after the 3ac disaster that came

thereafter we already knew they were

tight in march we saw three ac that was

the icing on the cake and now we saw

crypto prices collapse even more and the

numbers we saw on these balance sheets

have collapsed now they only have 1.3

billion dollars in crypto assets for

their customers 350 million dollars of

cash held on behalf of individuals

accounts and of course they're owed 650

million dollars from 3ac here you can

see tweets from the ceo who's actually

been on the channel to discuss voyager

digital a year ago and one of the

biggest things i hit him on was how do

we know that there isn't a massive risk

with your lending and he says oh but

don't worry we lent to institutions that

are very savvy that ended up being 3ac

which was a complete and utter disaster

but oh well here the ceo of voyager

digital says today we begin the

voluntary financial restructuring

process to protect assets on the

platform maximize value for all

stakeholders especially customers they

say they're actively pursuing remedies

from 3ac but you know what they say you

can't take blood from a turnip and

customers with crypto in their account

will receive in exchange a combination

of the crypto they had in their account

proceeds from 3ac which are going to be

zero and common shares in a newly

reorganized voyager company and new

voyager tokens well new voyager tokens

are going to be worthless

3ac proceeds are going to be worthless

and i don't know how many people are

going to trust the new voyager digital

so

probably worthless as well so in other

words you're maybe going to get some of

your crypto back

and see here you can see some of the

responses on twitter you can maximize

stakeholder value by giving me my effing

crypto back

can't really blame that at all it's also

worth noting though and i thought this

was a very interesting note it's

important to note that as part of this

announcement we are confirming that

customers with dollars in their accounts

not stable coins

dollars

will receive access to those funds after

a reconciliation and fraud prevention

process is completed

with their banks

wow folks wow wow wow wow that is

absolutely wild so

is it likely that btc could go down more

well

you have the recipe if we end up seeing

gold go up volatility stay low and tech

continue to go down btc could go down as

well causing more havoc in the crypto

lending sector but it's the crypto

lending sector that's first to go to

zero and we just saw that process start

with tara luna three ac

voyager digital block feis on the

chopping block we're probably going to

see a lot more companies with issues

folks good luck out there but if you've

got money on an exchange

personally i would make a choice i would

either take the money off the exchange

you know get out of coinbase get out

everything get out of everything i'd get

out of everything

or and you could do that by selling your

coins or if you want to huddle

get your keys that is get your coins off

exchange put them in cold storage forget

that you have them suck them away

and protect yourself get your keys not

your keys not your crypto and that's why

you gave them your keys to your stable

coins or your crypto

it's a big dirty lesson that they can

lose it

it's very frustrating good luck out

there and we'll see in the next one