1146: ON-CHAIN ANALYST SAYS BITCOIN REACHING $1M IN VALUE WILL CRASH THE FIAT CURRENCY SYSTEM!!

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3.6 • 626 Ratings

🗓️ 28 December 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Leading on-chain analyst Willy Woo weighs in on some of the more bullish Bitcoin predictions that put BTC at $1 million per coin, including that of Cathie Wood from ARK Invest. Woo says if the king crypto (BTC) reaches $1 million in value as Wood has predicted, it could crash the fiat currency system. Woo says Bitcoin’s price rally toward $1 million will lead to a battle of governments attempting to push BTC down to protect the dominance of fiat currencies. “Thus the forces pushing BTC pricing becomes binary, like breaking the sound barrier. There’s increasing bearish pressure on BTC as it approaches fiat market caps, while governments suppress it. If the barrier is broken, BTC gets bullish pressure and escapes towards infinity.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In today's show, Bitcoin bears are well positioned for Friday's $2.5 billion.
0:05.1	Options expiry. I'll be breaking down the latest technical analysis. And this just
0:09.0	in breaking news, Micro Strategy just bought another $46 million worth Bitcoin. That's right.
0:15.5	Micro Strategy now officially holds $132,500 Bitcoin worth over $2.1 billion. Now check this out. They also now own one out of
0:24.6	every 159 Bitcoin that will ever exist like whoa. Also in today show, crypto investors who
0:31.0	the Winklevoss twins over interest accounts on Gemini. That's right. The plaintiffs have
0:35.4	alleged that the products have not been registered,
0:37.9	which permitted them from receiving disclosures to better assess the risks of using Gemini Earn.
0:43.5	Also in today's show, Alameda wallets become active days after the Sam Bankman-Fried bail and the community
0:50.3	moles of foul play. That's right. I'll be breaking this down for you as many eyebrows
0:54.8	have been risen. Also in today's show, crypto strategist issues a 2023 Bitcoin forecast and
1:01.4	says the King Crypto can mirror the epic surge of 2019. That's right. Altcoin Sherpa shares that
1:08.1	Bitcoin is flashing vibes of its 2019 bear market rally when the King Crypto
1:12.3	surged from $3,000 to $14,000 in just a few months. Also in today's show, big news for
1:18.3	Ripple and XRP holders as U.S. Department of Justice calls crypto's commodities. That's right.
1:24.0	The ongoing legal battle between Ripple Labs and the SEC draws to a close in all eyes are on Judge Torres.
1:30.2	The U.S. Department of Justice may have provided yet another argument for Brad Garlinghouse and his company.
1:35.2	Also in today's show, on-chain analyst Willie Wu updates Bitcoin Bear Market Outlook and says Bitcoin can collapse the fiat system at a certain price.
1:43.5	That's right. Quoting him right here
1:45.9	from a recent interview, Bitcoin price above, say, $1 million per coin could be very unstable.
1:52.9	Ark invests amongst others predict $1 million per coin at these corresponding capitalizations.
1:58.5	Bitcoin becomes a true challenger to Fiat. Thus, it is a price range
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