1101: Veteran Crypto Trader Says Bitcoin Can Explode 450% Next Year Despite Recent FTX Crash – Here’s Why!

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3.6 • 626 Ratings

🗓️ 12 November 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cryptocurrency analyst and trader Tone Vays is detailing the long-term bull case for Bitcoin (BTC) after the flagship digital asset reached two-year lows triggered by FTX Crash of founder and crypto outcast Sam Bankman-Fried. In a new video, Vays tells his 123,000 YouTube subscribers that even if Bitcoin falls to around $11,000, the largest crypto asset by market cap could still reach a new all-time high of $100,000 next year. The veteran crypto trader believes that his predicted Bitcoin collapse will likely attract buyers who plan to hold BTC for the long haul. “We can have a capitulation down to $11,000 and still hit $100,000 next year. Because a lot of Bitcoin is about to go into cold storage because people can buy it on the cheap.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	There are days when you're hungry for McDonald's.
0:03.8	Then there are days when you're Big Arch hungry for McDonald's.
0:08.1	You'll get to know the difference.
0:09.9	New Big Arch for Big McDonald's hunger.
0:15.4	Until 9th of September from 11 a.m.,
0:17.8	participating restaurants only subject to availability.
0:20.2	In today's show, Bitcoin will shrug off this FTX black swan, just like Mount
0:24.9	Gox, according to crypto analysts. Also in today's show, FTCs funds are on the move.
0:30.3	That's right. Could it be bankruptcy proceedings, an insider threat, or a hack?
0:34.6	Well, check this out. FTX said in a statement in its official telegram channel that it has
0:39.7	been hacked instructing users to delete all FTX apps and don't access the company's website.
0:45.7	That's right. And as pointed out here by Bitcoin Archive, FtX had a backdoor built into its
0:51.3	accounting software by Bankman Freed, which he used to move billions
0:55.4	without triggering alerts to other staff, auditors, et cetera, according to Reuters.
1:00.4	Also, as shared here, there is a high probability that insiders at FTX are currently
1:05.0	try to run off with the funds. Both FTX and FTX US wallets have now been affected and commingled.
1:10.7	The current amount being laundered
1:11.9	is $380 million. That's right. And Elon Musk confirms that Sam Bankman-Fried offer billions
1:18.8	to finance the Twitter acquisition and says he set off his BS detector. Thank God. Also in
1:24.5	today's show, here's where the Bitcoin price may land after this FTCS implosion,
1:29.0	according to Rack Capital, quoting the analyst here, an average Bitcoin bare market correction
1:34.2	of 84.5% could see the price drop to $11,000 in this cycle. Also in today's show, Bloomberg
	...

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