BITCOINs Tether “CRASH” Black Swan Event..WHEN!?

Hey yo what’s cooking, with my people, the 
Chico Jarhead crew & if you’re new, looking   for something to do, join us, by subscribing & 
dropping the title of viewer of the tube. My name   is Tyler, and like Gordon, I’ll tell you how it 
is…..Smashing Gordon. It’s time for Chico Crypto! Smashing isn’t it? BITCOIN and the 
price just busting right through   level after level. 11k to 12k, the 
price spent 12 days in, 12k to 13k,   a quick blow through just 4 day in that level. 13k 
to 14k, once again about 12 days in, 14k through   15k, another quick blow through just 3 days in 
that level with its’ official break through. And now the past 2 levels, things have been 
ramping up.

15k to 16k…6 days in that range,   16k to 17k…just another 6 days in that 
range…and then we almost blew through,   the 17k to 18k range in a matter of 
24 hours earlier in the week & we   could actually be above it today, as I 
shoot these videos 24 hours in advance. Well it seems, these markets are really 
kicking into HIGH gear, wouldn’t you say… But, Chico is the one who digs 
deep & there are warning signs that   a reality check may be coming soon. So let’s talk about it…the big ole 
mankey on the crypto markets back…. Tether USDT…..Duh Duh Duhhhhhhhhhh….. So, if you didn’t know, Tether is the blood 
of the crypto markets, even though a large   majority of the retail traders never touch it. 
Looking at BTC trading volume by crypto compares,   it’s largely USDT, barely any 
fiat based volume these days… And even with the launch of regulated stablecoins, 
which have swallowed up all the new and big   “institutional” money, Tether still to this day 
is about 65 percent of monthly bitcoin volume.

So who in the freak is using it? Well Lionel 
Laurent of Bloomberg knows, he tweeted with   this chart “This is a rally driven by trading, 
from punters in lockdown with stimulus checks,   to hedge funds who reckon they’re onto a 
Google-like tech trade, and Tether-driven activity   in East Asia (the world’s biggest crypto market). 
Merchants are only 1% of activity in N America” So East Asia is using Tether…East Asia, is 
largely the bitcoin volume moving the bitcoin   price & the bitcoin price controls the entirety 
of the crypto markets. RISKAY to say the least… Now Tether is the only stablecoin out there, which 
refuses to show it’s reserves..we all know that,   and there is a reason for it, because it’s not 
there. Those at Bitfinex…They are the crypto   market’s FED, which has had the power of a 
money printer…and that is too much power. But where did their power come from? Well 
here is a picture of Bitfinex CEO and large   investor, shareholder, and partner…Zhao Dong. 
Their key, to the vast power of the Chinese.  Now this January 2018 tweet from Whale Panda 
explains who zhao dong is perfectly.

Panda   says “According to Zhao Dong, China’s biggest 
BITCOIN OTC trader and investor in bitfinex,   Tether has 1.8 billion USD in a USD bank 
account. At this moment 1.6 billion USDT   have been printed, an additional 1.1 billion 
is held in a bitfinex USD bank account. Yes back then, Zhao was publicly vouching 
for Tether’s reserves which were not there,   but the thing we are focused on is he is China’s 
biggest bitcoin OTC, over the counter trader. Power over the counter, that’s what it was. Zhao 
was connecting bitfinex and Tether, to Chinese who   were looking to move ton’s of BITCOIN…who could 
that be? Those with a lot of Bitcoin in China?? Well the large chinese exchanges, the VCs,   the miners, and the mining pools 
of course. They are the ones… And things started getting really 
freaking scary over the summer,   for the blood of the crypto markets. Cointelgraph 
covered it in July “Bitfinex Investor   Reportedly Detained by the Chinese 
Authorities. Zhao Dong was taken   in custody by the police with no 
official statement as to his detention.

Which coincided with thousand’s 
of bank accounts of OTC traders   being frozen throughout China…it 
was the OTC crackdown. That was news,   and then it just left, went silent, we haven’t 
heard much about it since, Nor Zhao Dong. And a Caspian Sea has been covering it 
on Medium…please join my crew Caspian!   His article in September was, Zhao Dong: The 
Final Word: Caspian said “Despite repeatedly   requesting cryptocurrency media to cover 
the Zhao Dong story more thoroughly, not   a single one has decided to follow through — even 
though many outlets have correspondents in China. His article goes deep into who zhao 
dong is, and what is happening…but   just of what is happening? No one 
knows…he still isn’t heard from,   tis a mystery & if you want all the details 
caspian sea’s full article is in the description. But the facts are this…China has been 
cracking down on money laundering channels,   including ones with Bitcoin and 
USDT.

Chinese miners, the VCs,   Large whale traders including the 
exchanges cannot empty bags right now,   as all OTC channels are blocked by the government. 
There is no getting into the Chinese Yuan easily. So large powerful entities have 
big ole bags of BTC & USDT,   because of the chinese 
government. They can’t get out,   so what are they gonna do? Play around with 
the two assets, and pump the price…what   I find hilarious, is the chinese government, 
indirectly started another hype cycle for BITCOIN But, where there is a will, there is 
a way…they will find a way to exit,   to eventually get out of the 
large bags of BITCOIN, and USDT… So doom and gloom? Well not necessarily in 
my opinion… I hope you guys realize that   this is bigger than just a large mining pool, 
whales, exchanges VCs, and even Tether… Let’s just listen into what Brian Brooks 
our Acting Comptroller of the Currency,   who was just nominated for a full nother 5 year 
term, had to say about BITCOIN just 2 days ago. It’s a regional battle for control, 
control of the future of money,   the US is making geostrategic decisions, 
to remain competitive.

Do they want to   own internet 2.0 in the same 
way the US owns internet 1.0?? Brian’s words, that China controls the 
hashrate…its not necessarily untrue,   and this technode article shows the US is 
fighting back. “Is crypto mining really moving   to North America? And the subheadline 
says “Chinese miners are not fleeing,   but North America is hitting the gas on 
a challenge to China's mining dominance” Yes the Chinese miners are staying put, but the US 
is growing..from the article it says “The bulk of   the orders for mining rigs in 2020 are from North 
America, said several industry insiders, including   Yang. It is likely that major manufacturers 
will be occupied with delivering orders to North   America for the rest of the year, with little 
to no capacity to deliver new orders to China” So whyyyyyyy the fight back from 
the US? If this was just fugazi   money…why the mass investment in mining 
hardware across the board to compete? Well here is the thing…neither China nor the US,   is going to ban “BITCOIN” as that would give them 
the opportunity to seal the deal for full control   over it.

The only way BTC could be destroyed, 
is the 1 in a billion, maybe trillion chance,   that China & the US, sit down at 
the table and both decide to do it. That’s not gonna happen…So what we are in the 
beginning stages of…is the economic cold war,   and BITCOIN can be compared to being the 
nukes. Hey why don't’ you ban the nukes china,   no you ban them the US, it’s a stalemate…which 
can only mean one thing…it’s not going away… Because the US right now, actually 
loves BTC, because it’s a right now   threat to the Chinese Yuan.

Obviously the 
government thinks it’s a big enough threat   for Yuan capital flight, that they will 
shut down OTC desks and arrest the leaders,   but they still won’t ban it completely, 
shut down mining…they never will Because deep down… China actually 
loves BTC as it’s a major eventual threat   to the United States USD, that 
they have control over…for now..

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