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⚠️⚠️⚠️ #btc #bitcoin #voyager ⚠️⚠️⚠️
00:00 Could Bitcoin go to ZERO.
05:15 The BIGGEST Danger of going to ZERO.
07:20 Voyager Digital Files Bankruptcy.
10:00 DO THIS NOW.
Voyager Digital JUST filed for bankruptcy. Here's what you'll get coming out of the bankruptcy and can Bitcoin go to zero? What are your risks and what should you do?
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⚠️⚠️⚠️ #btc #bitcoin #voyager ⚠️⚠️⚠️
00:00 Could Bitcoin go to ZERO.
05:15 The BIGGEST Danger of going to ZERO.
07:20 Voyager Digital Files Bankruptcy.
10:00 DO THIS NOW.
Voyager Digital JUST filed for bankruptcy. Here's what you'll get coming out of the bankruptcy and can Bitcoin go to zero? What are your risks and what should you do?
1️⃣Courses & Livestreams: https://metkevin.com/join
2️⃣TastyWorks: $200 FREE: https://metkevin.com/tasty
3️⃣Life Insurance: https://metkevin.com/life
4️⃣Download the "Meet Kevin" app FOR FREE in the Android or Apple store to NEVER miss an urgent notification again (Youtube won't send them all).
Programs on Building your Wealth:
🏡Real Estate Investing
🤵Real Estate Sales.
💰Stocks & Money.
🧰DIY Property Management, Rental Renovations, & Asset Protection.
⚠️YouTube Program [Make Money from Home].
💰Your Path to Wealth.
https://metkevin.com/join
Every program INCLUDEs:
✔️Private Livestreams with Kevin.
✔️Lifetime Access to Content.
✔️Private Chats & Content/Question Submission to Kevin.
✔️FREE New Lectures / Regularly Added Content.
✔️Bundle Offers.
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Videos are not financial advice.
Everyone me kevin here could bitcoin go to zero. And what are the actual components components that hold bitcoin together that is what makes bitcoin move in this video. I 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 reminding you that this video is sponsored by me get 50 off with the coupon codes the link down below in the programs on building your wealth we've got a massive lecture set coming out this week before i leave town on friday to help reward all existing course 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 548. 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 13. 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.
Crypto is a scam. And I own crypto.
Interestingly the negative voyager news didn’t bear dump the market. Near the bottom I wonder? Hmm.. Waiting for accumulation pattern is the go
nature bringing everything back to equilibrium. 0.
They will be given wooden nickels
He looks drained.
it evently go to 3 million each when last bitcoin mined. they told me it stay close to 10-20,000 till more coins mined up when its only 500,000 left then it go up higher to 300,000 by then when it only 100,000 left it be 500,000 when only 50,ooo left it be close to 1 million when it go to none left it 3 million each coin there only 21 million coins they rare… other crypto most going to die out except shiba
Friends…I recently learned that Webull is a "Communist" Chinese owned brokerage company operating out of New York and Dallas Tx. I'm concerned because many are unaware that it is "Chinese" owned and there are risks to accounts/funds if things go south between our countries. FYI only…
Bitcoin like all other crypto was designed to SCAM you! Elon knows this!
I just came to dislike the video for the FUD title. Not even clicking play after reading the comments lol
Awesomeness Kevin lol!!! I’m looking forward to the next one!!!
Unquestionably, I appreciate the updates you give us on the cryptocurrency market. However, I disagree with you that it is safe to forecast a trend reversal since I believe there is more to this market than meets the eye. If you have a personal trade mentor and signal provider like Kerry Pickett, who has helped me make nearly 9.5 on a 2 BTC trade capital over the last 10 months, this can alter because people don't typically want to increase their average while they are losing. Take a well-informed choice. Market cycles can last anything from a few days to many years. It's challenging to make a case for B -TC being bullish based solely on the charts.
Yes it could go to zero it is a 100% faith based currency.
And did you hear that our President is selling off all our oil reserves! To India and China via EU! We are f-ed people. It’s the ship sinking
Oil,prices need to be the most important topic. Stop looking at bitcoins, cryptos, etc . The components that hold America together should be at the top of all conversations
If bitcoin goes to $1 im buying them and selling them in 30 years when people treat them like pinball machines and I can sell them for nostalgia money. Disney does it, they sold us loin king 3 or 4 times now. Tell me bitcoin won't be the same given its cultural impact.
I sold all of my BTC.
Kevin:1 Jeremy:0
Would BTC go bankrupt? Lmao, that's not in question, BTC can't go bankrupt
Invest in ojacoin.
Buy and hold ojx
If BTC goes to zero, I'm buying all of it.
Yes Bitcoin is going to 000000.
someone keeps propping up bitcoin at each even $10000 interval. Hmm.
This channel is trash and even looking at Kevin’s face makes me roll my eyes.
Bitcoin rises primarily in relation to its halving cycle. If you don't understand this about bitcoin, you are a complete novice. It's literally one of the first few things you learn, and the evidence for it is indisputable. Your analyses is extremely incomplete.
So a decentralized commodity with no body in charge or it is correlated to the stock market an money supply? Smells funny 😆 .
Bit coin is going to $5800. Sit back and watch
This is all bullcap and temporary facts on btc price went lol. hints evolve.
NOT UR KEYS NOT UR CRYPTO!!!
Also don't forget about all the btc in satoshis wallets that's never moved, and all the btc that's been lost in forgotten wallets and seized by governments in different ways. For many reasons btc will never go to zero. And the whole world trades btc, not just America. So there will always be liquidity somewhere. Just make sure you have a bomb ass VPN for life.
I have a Hollywood Blockbuster Movie Script in my Kiss It So Sweetly Safe with the Craziest Combination.
This project is loaded you just have to buy and hodl it and earn and as an holder,you have access to staking rewards in usdc💯💯🤑
I NEED MY CRYPTO VOYAGER!! My life savings.
I'm just gonna ignore all this FUD and buy more ETH
SPAC = Scam, Cryptos = Scam, NFTs = Scam, … next
Once again Kevin called this months and months and months ago we learned this in our courses!!