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Bitcoin News Alerts | Daily BTC News

1217: USDC COLLAPSE - OVER $460 BILLION IN BITCOIN AND CRYPTO COULD EVAPORATE WARNS ANALYST!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 11 March 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

The Bitcoin and crypto ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle’s $40 million transfer request. Widely followed crypto analyst Benjamin Cowen says that the Bitcoin and cryptocurrency markets could give up hundreds of billions of dollars in a correction similar to the dot-com collapse. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Rated T for Teen.

0:01.5

Each year, thousands of adults lose their shred.

0:05.1

It's an epidemic simply known as shred loss, but it doesn't have to be this way.

0:09.2

Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.

0:13.7

With new parks, cross-platform multiplayer, and sick new game modes,

0:19.5

we can put an end to shred loss everywhere.

0:22.3

Let the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:26.4

Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.

0:29.5

We have lots to discuss today, including the Bitcoin price action spiking to $26,000 in

0:36.5

USDC, but how high can the Bitcoin short-squeez go?

0:40.7

That's right. Circles USDC instability is causing a domino effect on stables such as DAI and U.S.

0:47.7

D-D and even U.S.D has DPEG from the U.S. dollar, which is not a good sign with $3.3 billion stuck with Silicon Valley Bank.

0:57.5

And Max called this and predicted it three months ago on my show, quoting Max right here.

1:03.0

Circle pays people to use Circle, and as such, they are on the verge of bankruptcy, whereas with Tether, they don't pay anyone to use Tether.

1:10.3

There's a big difference

1:11.1

there. Circle is about to go bankrupt. It's U.S.D.C. That's the one you need to look out for.

1:16.7

They are the next FTX, and they're going to go bankrupt. They are a big pile of ish.

1:21.5

It's Circle. So kudos to Max. Also in today's show, the SEC denies Vanek spot Bitcoin

1:27.4

Trust product and the commissioners

1:29.2

see a double standard will also be discussing four hundred and twenty nine million dollars in

1:33.4

bitcoin in crypto liquidated just in the past 24 hours as powerful law enforcement agency

1:39.0

targets ethereum will also be discussing over four hundred and sixty billion dollars

...

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