The US Government Quietly Sent $1.48B Of Bitcoin To Coinbase

So, what the heck caused $1 billion of liquidations over the past three days? I think I found the culprit, and it's not what most people are talking about. Okay, first before I get into that, investors have just 270 days to prepare for the next stage of a dot or global financial style crash, warns Michael Bur. That guy's starting the big short. Uh, you know, he he called the GFC pretty much before it happened. He made a lot of money, but keep in mind, take this with a grain of salt because he has not been correct since that. All right, [laughter] he's really screwed over his investors if and like he's got a lot of bad calls. So, let's move on to this. We have $1 billion in liquidations that have happened over the past couple days. $945 million in longs liquidated. But keep in mind, this is like 2 days before 1010. So 10 10 October 10th of last year had $19.3 billion of longs getting liquidated. And so that was a really big deal, I guess. I mean, it didn't affect me because I'm a long-term investor. I don't play with leverage. I I don't really care about it. I literally woke up and I I didn't even know what happened until I got on Twitter. I'm like, what the freak? Why is why is everybody panicking right now? So that's the thing. This is my encouragement to you. Don't get into too much leverage. Even if you think that you're not in a lot of leverage, like a lot of people thought back on 1010 of last year, they still got liquidated on a lot of different coins. Okay? So, chill out on that. Now, here's what most people think happened during the last days of the Bitcoin dropping, all right, to to like $80,000. Bitcoin fell to a low of around $8,922 on Thursday. Now, a lot of people say it's because of the rate increases that will likely be needed to slow inflation. It's all theater, guys. They're not going to cover they're not going to help with inflation. I think if you've been watching this channel long enough, you understand you have a master's degree on this. You know that there's no such thing as slowing down inflation. But people are going to, you know, tell you otherwise. Here's what what really happened is what I think. Here we go. us at learning crypto. The US government the US government sent 17,733 Bitcoin worth $1.48 billion and 750 wrap Bitcoin worth $62 million to Coinbase Prime over the past 3 days. Track government holdings fell 17,468 Bitcoin between October 6th and October 8th. So you notice that it was started to decline during those times. This is a deposit. It's not necessarily a sale. Okay? Because the onchain data shows the coins arriving at Coinbase Prime. It does not show what happened to them afterwards, which is a great way to kind of hide what you're wanting to do with your coins. So that is my guess. That's why I think we did see this drop. And you know, for people out there that are long-term investors, this doesn't matter whatsoever. It doesn't matter one bit. I'm a long-term investor. I don't care about this. This is short-term noise. And it's really great for people that are long-term investors, but aren't happy with their Bitcoin position or other positions. This would be a great time to simply dollar cost average like we say. And please stay out of leverage, right? You don't need it. All right. So, here's something interesting. So, in our portfolio, we have essentially a couple of privacy coins. Monero definitely my favorite p privacy coins because exchanges hate it, governments hate it, and I love it. And so, here we go. We have Bitcoin had its first proper pullback of 34% in 2017, once running above $1,000. Zcash, one of our positions, just had its first proper pullback of 34% after running above $1,000. Very similar, as you can see in these charts. Does this mean that Zcash is going to go way higher in my opinion? Yes, definitely going to go way higher in my opinion. Okay, so and I think Monero is going to do the same thing. People ask me, why do you like Monero over Zcash? And I say, listen, with Zcash, they're trying too much to be regulatory compliant, and Monero couldn't care less, which is what I really like. And also, you don't have the option of obfuscation. It's just obfuscation, hiding your coins. With Monero, with Zcash, you have the option, which I don't like. I'm like, okay, if you're a privacy coin, just do privacy. That's it. Don't mess around with the other other angle. Okay, but let me know down below. Why do you like Zcash over Monero or vice versa? I' I'd like to actually hear that from you guys. Okay, so Tom Lee says Ethereum could hit $50,000 this cycle. [gasps] Oh boy, that's a that's a big number. I don't think he's going to be right on that. But, you know, who knows what's going to happen with Ethereum. There's so much FUD. There's so much greed all the time. It's just zigzagging up and down. You know what? For me, it's just a long-term holdings. I'm looking 5 10 years down the road on this one. I'm not caring too much about what's going to happen over the next year or so, but obviously if you want to check us out at learningcrypto.com, you can check out our portfolio there. It's going to be look absolutely beautiful. Definitely check that out. Okay, so now strategy sites 52% yearly return for master since 2020. Do you know what Bitcoin's done since 2020? A lot more than 52%. Just letting you know. Okay, you can play the game of leverage and, you know, third-party media intermediaries. You don't have to do that, guys. You can simply get Bitcoin, hold it, hold it in your hardware wallet where nobody's going to take it, and you don't have to worry about any single entity like going under or whatever, you know? It's that's why I like Bitcoin. Okay, now we have this. Why are we buying Bitcoin? Why are why do we even mess with crypto? Well, US Treasury to buy back $6 billion of long-term debt again today. Okay, this is actually happening today. So, what is happening? Debt monetization. That is what happens. So, when people don't want your debt, you have [snorts] to print currency to buy your own debt. That's essentially what's happening right now. This is never going to end, guys. This is the end of a currency. Yes, currencies can last a very long time. The the very end cycle can last very long time. Look at Rome. Okay, the dinarius. So, it took like aund or 200 years for that thing to collapse. Okay, but they slowly took the silver out and just replaced it with, you know, crappy metals essentially that aren't worth much. And so that's why Rome experienced hyperinflation and also expanded imperialized itself overseas. Hello, United States. Okay, so we have China buying 740,000 ounces of gold worth $3.1 billion. This is the 23rd consecutive month of gold accumulation by the Chinese government. Now check this out. This is why you own Bitcoin, guys. Over the past 23 months, China has added 4.67 million ounces of gold to its reserves worth approximately 19.5 billion. China now holds roughly $323.5 billion worth of gold in in its reserves. Now, we don't know for sure. I don't trust any government's numbers when it comes to gold or reserves or anything like that. I mean, you can't tell if like with Bitcoin or whatever, but anything else like gold, you're never going to be able to like verify that. All right? But you know that countries are diminishing their holdings of US bonds, US treasuries. Okay? And that is probably going to continue. But the thing that's going to save the US, as I've said in my TA videos, which I do on Wednesdays, is that those USDT and USDC are linked or their reserves are US treasuries. So anyone buying up USDT and USDC to go ahead and you know, trade overseas or whatever. Anybody that's buying that overseas is simply, you know, kind of buying indirectly uh US treasuries. So, that's really interesting. I don't know how that's going to play out. Nobody does, but I'm definitely keeping an eye on that. So, please like and subscribe if you like this. Check out learningcrypto.com if you want to see our portfolio and check out our new Telegram. It's a great way to get really good news as I've covered in this. All right, talk to you guys soon. Bye-bye.