Sooo, this channel is an outlier in the crypto YouTube space. The research is on another level,
I don’t try to do technical analysis and our Tyler Analysis beats the youtbers technicals a
majority of the time, and finally we uncover and investigate the nasty in the space.
So are you ready to hear, something that some might not want to listen to? Open
those ears and really pay attention. Because it’s time…for Chico Crypto!
Sooo, if you have taken the time to really listen to this channel,
you would have heard a term I’ve coined and said, on many occasions.
That this cycle is the last HOORAH. Can I get a Hoorah (put hand to ear)?
So what is the last hoorah!? Well bitcoin runs in 4 year cycles based on something called the
halving where the number of Bitcoin emitted to miners is cut in half. Within these cycles,
we have a bull and bear markets, each takes about 2 years. And every one of these cycles
since Bitcoin’s creation in 2009 has a hoorah at the end of the bull market, the parabolic
run which happens near the middle of the cycle. Beginning of 2011 had it’s hoorah up to $29,
end of 2013 had it’s hoorah up to $1135, and of 2017 had it’s hoorah up near 20 thousand dollars.
Thus the hoorah is a cycle's peak…and pulling out this hoorah’s percent gains,
compared with the last cycle, at the end of 2017. You can see…We haven’t even got started….YET!!
There is still a lot of hoorah to go around. Can I get another Hoorah (put hand to the ear)
We haven’t even started the parabola, which people are predicting to be around $100k
or even as high as $325k for this hoorah!
Now going back to the chart of the , we can see that after the parabola peaks there is
a very significant crash. AKA the bubble bursts! First cycle from $29 to $2 dollars,
a crash of over 93 percent! 2nd cycle peak $1135 down to $176 bucks a dump of over 84 percent.
And finally the third one, from $19,461 to $3185 dollars. A smackdown of over 83 percent!
This cycle will be no different, there will be another massive crash, 70 percent or above?
No Problem! If you didn’t know, we just had a mid-year crash, where the price went from
$63500 down to a low of about $30,000. A devastating fall of over 52 percent.
Soo, an over 70 percent crash for this cycle's bubble burst is extremely likely in my opinion.
So will it be like the last two cycle’s falls of 83 and 84 percent? Those 2 are extremely
close to each other, so something like 80 to 82 percent? You would think that with just a
first look…but actually I think this one will be different. That is why I call it the last hoorah!
There are 2 entities, critical and crucial to the crypto markets who both could go
down in, resulting in the biggest crash since 2011. Shoot, depending on what happens,
if they go down in succession, it could result in a crash that equals 2011, of over 93 percent!
Who are the critical entities I’m talking about?
Well, the heart and the blood of the crypto markets. Binance and Tether…
Sooo, I don’t mean Binance is the heart in a good way, I’m comparing it to how that organ functions.
Binance PUMPs many tokens in the crypto markets,
including what drives all tokens Bitcoin and the blood of it (Tether) is used to do just that!
Checking out Coingecko, Binance yesterday was doing over 22.6 billion dollars in 24 hour volume.
The next 11 exchanges ranked don’t even come close to that
and actually all of those other top 11 combined only equally about 16.58 billion! Binance still
does over 6 billion dollars…even when you add up the other top 11 centralized exchanges.
Now what crypto do you think is basically apart of every top trading pair on the website? Bitcoin?
No! Binance’s own stablecoin BUSD? No! As we can see from those top pairs, the blood of the crypto
markets….Tether! And actual breakdown of Binance’s total volume shows its 86.2 percent Tether. Every
other currency on the Binance exchange, all other 333 coins including Bitcoin,
Ethereum, BUSD, and more only make up 13.8 percent of the volume. That means
of Binance’s 24 hour volume which was over 22.6 billion, 18.66 billion of that involved Tether.
So the Tether volume on Binance alone, is more than the top 11 other centralized exchanges,
who only do 16.58 billion, aka more volume than US dollars, Bitcoin, Ethereum, other fiat currencies,
combined across 11 of the top exchanges. Tether is the blood of Binance, but it’s
also the blood of the crypto markets. Going to Coingecko and the top 100 cryptocurrencies,
if we sort by 24 hour volume, we can see Tether jumps to the top. Over 62 billion
dollars traded with tether in just a day, and it’s next closest competitor Bitcoin,
only has over 34 billion. Only 91 percent more volume that Bitcoin…nothing to see there.
So if Tether is the blood of crypto, and Binance is the heart…then Chico Crypto is the eyes!
So let’s begin with Binance!! I’ve been on their snake of a trail for a long time…uncovering their
early pump and dumps, americans able to trade on their exchange, no KYC, crypto manipulation,
bullcrap charity, and love for power in these markets. And a lot of this continues to this day…
Which has put them in HOT water with the good ole US of A. HOORAH!!
In May of this year, it was announced that Binance was being probed by US Federal agencies. As we can
see down in the bloomberg article it says “Binance Holdings Ltd. is under investigation by the
Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency
exchange in U.S. efforts to root out illicit activity that’s thrived in the red-hot but mostly
unregulated market.As part of the inquiry, officials who probe money laundering and tax
offenses have sought information from individuals with insight into Binance’s business, according
to people with knowledge of the matter who asked not to be named because the probe is confidential”
When this news came out, I knew that this wasn’t going to end up good for them. BitMEX,
the former heart of the crypto markets, who dominated during the last cycle had the same thing
happen to them…just a probe, but just over a year later their founders were charged with illegally
operating a derivatives exchange & anti money laundering violations.
So what do you think happened since May? Binance was able to squirm their way out of this one?
Haven’t heard much about it huh? Well last month, this news didn’t get airtime. It was announced
September 17th that the probe had expanded. The Bloomberg article states “ U.S. investigations
into Binance Holdings Ltd. have expanded, with authorities now examining possible insider trading
and market manipulation.The review involves Commodity Futures Trading Commission
investigators, who in recent weeks have been reaching out to potential witnesses.
The Commodity Futures Trading Commission….The CFTC…why
is this agency important? Well if you go back to who charged BitMEX, it was the CFTC!!
So, things are not looking good for Binance, and I’m predicting they will be charged,
things are happening just like they happened to BitMEX. This will be the catalyst for this
cycle’s Bubble to POP! But what will be the reason for it to dip 93 percent?
That comes down to Tether USDT! The blood of the crypto markets will bleed the crypto markets.
I’ve also been on Tether’s trail for a long time, covering who is really behind the exchange, the
web of secrecy with their banking relations, the downfall of those relations, their battle with the
New York AG, the mystery of the 1:1 usd backing of each USDT, their involvement with China and more…
Now, I could go down that entire rabbit hole one more time,
but it would take me multiple videos, so if you want to learn about the history,
I’ve included a group of the most important Tether video’s below.
But just 4 days ago, the news started to swirl once again. Bloomberg dropped an article titled
“Anyone Seen Tether’s Billions?”...which is a details piece of Tether’s history,
it’s banking relations, and aks the question…where is the money!?
That is included below too, if you want to check it out!
But here is the piece from the article we need to look at. The author states “After I returned
to the U.S., I obtained a document showing a detailed account of Tether Holdings’ reserves.
It said they include billions of dollars of short-term loans to large Chinese
companies—something money-market funds avoid. And that was before one of the
country’s largest property developers, China Evergrande Group, started to collapse.
I also learned that Tether had made loans worth billions of dollars to other crypto companies,
with Bitcoin as collateral. Tether has denied holding any Evergrande debt, but Hoegner,
Tether’s lawyer, declined to say whether Tether had other Chinese commercial paper.”
So what does this mean!? An Evergrande default could lead to China real estate default,
and economic bubble POP like never before. Think China’s real estate crisis, and economic
crisis like the US had in 2008. This means the commercial paper, even if it’s not Evergrande,
is unlikely to be repaid by the Chinese Companies Tether is involved with.
This leads to Tether default…aka the bottom of the bubble POP…Bitcoin down 93 percent.
And you know what is SUS, suspicious as can be…following the bloomberg report,
Tether’s mysterious CEO, Jean-Louis van der Velde deleted his Twitter, erasing his social presence.
And here is his last tweet, screenshotted before it went
offline. He said “another financial enslaved dying magazine trying to come up with some
Tether FUD in order to bring in some bucks and delay it’s extinction for a few more days, stay
tuned. Well stay tuned to what from you? You’ve disappeared. Cheers I’ll see you next time!