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IMMINENT Black Swan Event (Ethereum & XRP MASSIVE News) - YouTube
Channel: BitBoy Crypto
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welcome to bit boy crypto
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home of the bit squad the largest and
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greatest
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crypto community in all the interwebs
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my name is ben every day on this channel
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how to make money in crypto if you like
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money and crypto make sure to hit that
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subscribe button
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guys today we're going to be continuing
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our conversation
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about ethereum we're going to be taking
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a look at some
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news i've been given about xrp
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and uh the deposition that may or may
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not
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have occurred uh and then we're also
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going to be taking a look
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at the black swan event coming
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in the fall i think maybe i
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misunderstood some things i was told
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and uh i think now things are coming in
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a little clearer okay guys first
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let's talk about aetherium i mean we're
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almost at 2600
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at the time of this recording and it's
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really looking phenomenal
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we've got the london hard fork coming up
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this week
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on wednesday really excited to see that
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now
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i do think what we could see is we could
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see
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a move to the upside for ethereum
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uh over monday tuesday and then
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wednesday
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we could actually get a pullback that's
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generally what we see
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is that buy the rumors sell the news the
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the difference between this
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rumor slash news and other types of
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things like announcements that we see
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from other projects
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is that the london hard fork eip1559
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it does actually have a fundamental
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shift it's bringing a fundamental shift
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to ethereum that will create some
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on-chain analytics
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such as reduction in supply that will
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actually have very favorable effects on
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ethereum
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so if we go back to the last one i
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cannot even remember what it was
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maybe eip 33 23
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whatever it was but i think that was the
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berlin hard fork
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what happened is we didn't really see a
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change on the ethereum network for the
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first few days
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but over the next few weeks we would see
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a big reduction in the gas fees for a
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temporary period of time
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is it got adjusted and then we did see
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some favorable things for ethereum and
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that
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you know some people would argue that's
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eventually what led to the giant massive
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run-up
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that we had as it went above 400
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dollars so i think we could see
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something similar monday and tuesday for
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ethereum things should be very good
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um i've been uh told there are some
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large bitcoin whales
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and large ethereum whales that have been
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getting their wallets
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in order for some large moves this week
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so i think monday tuesday
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look for that uh for bitcoin and
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ethereum
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as well i mean we're talking about
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billions of dollars
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in bitcoin being moved around prepared
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uh for an incoming move
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today of course is your sunday
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sunday drive to church video where i
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tried to church to tell you about crypto
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i had someone ask me why i drive to
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church alone well if you want to know a
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little
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sneaky trick i actually usually ride
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around do this video
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and then go get the family and we leave
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i don't have a back seat in the demon
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unfortunately so they can't ride in here
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so we'll probably take the trx church
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today
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uh but the point here is i mean it's
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hard to take a demon to church am i
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right
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uh now let's move on let's talk about
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xrp for a minute uh because this
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this is something that uh was heavily
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speculated upon
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last week uh jeremy hogan i think was
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the attorney
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who made the statement that he believed
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that the deposition did not
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actually happen and if it didn't happen
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that would have been a really strong
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indicator that there probably is a deal
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coming
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very very very soon well i have been
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told
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that while no one has access to the
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deposition itself
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it definitely did happen william hinman
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did speak
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uh to attorneys i don't know who you
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talk to in a deposition i don't think
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you talk to the judge maybe you do
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but he made a lot of statements uh and
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i've been told that this is going to be
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sealed there's a good chance
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that uh we we may not ever see uh what
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came out of this deposition
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uh this may lead to i do believe this
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ultimately will lead to a resolution of
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the case
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uh so you know i mean guys we're in a
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little bit of a time crunch here with
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xrp i mean if we're looking at
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xrp pumping in the next two to three
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months we've got to have something break
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with this case
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sooner rather than later if you know
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what i mean
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so that's a little update on some
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information that i was given
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about this case and that it did in fact
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uh take place
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if you really listen to what jeremy
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hogan was saying i mean he was just
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um he was just creating up a scenario
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based on the fact that
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uh this deposition was not made public
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he said well if it didn't get made
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public by friday then it wasn't going to
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be made public
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it's not really true i've been told this
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is going to stay sealed so we'll see
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what happens
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there's always a chance that uh someone
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leaks it or that you know someone
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decides in the case
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you know some lone ranger makes the
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decision to release it that could always
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happen
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so let's talk about the black swan event
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coming in the fall because this one i've
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been talking about on this channel
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uh for a while now
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i took this information to believe
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that a black swan event was going to
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basically
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trigger the deflation so if you guys are
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wanting to know what's going on and
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we've
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talked about several times that a round
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two
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of the pandemic of the lockdowns could
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certainly be
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something that people would see as a
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black swan event so
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i asked some people in the know about
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this
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and uh you know there's a lot of
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conspiracies being floated around
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uh out there conspiracies that right now
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the federal government has already
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decided what they're going to do
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and that in two weeks um uh august 16th
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that everything is going to get shut
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down again so i asked uh you know some
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of my people about that
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and they laughed they laughed and they
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said
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uh there doesn't have to be a conspiracy
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here it's not like
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they're colluding to try to shut
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everything down again
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look at the number of the cases and the
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increase in the cases
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and the the variant and it's very
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obvious
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that that stuff is coming there's no
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conspiracy about it like
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we know the people who are in control we
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know the things that they like to do
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and we know that this is probably going
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to be a reality at some point
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i'm i'm really upset about sports man i
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hope this doesn't affect
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uh affect football and don't get me on
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that whole tangent about you know
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how serious this may or may not be but
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uh you know people are just getting
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right back to life
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and uh now it seems like the pendulum
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has swung back in the other way
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uh but this is not the black swan event
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that we're talking about
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uh i told you that the black swan event
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was going to cause the deflation well
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the black swan event itself is the
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deflation that's coming
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this will be an economic downturn that
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will
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affect people for decades
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anywhere between one to two decades 10
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to 20 years
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if you look at a typical deflationary
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period can't go anywhere from 20 to 30
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years
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japan has been in deflation now for 30
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years
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you go back you look during the great
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depression this was right around a
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deflationary period and then um
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i believe late 70s that's when we had
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the next deflationary period
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so here's why no one is going to notice
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that this has happened
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this is going to be looked back upon as
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the moment that triggered this black
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swan deflation event
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but people aren't going to really
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understand what's happening
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this is not an overnight thing and by
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the way i've also been told
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this is already in progress we're
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already seeing it with these bond yields
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dropping and the bond yields dropping is
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important because
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that's the safest place to put your
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money
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in a time of deflation so a lot of
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people are going to be running to these
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bond yields and they're going to be
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yielding lower returns as well but
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the thing about it is you're not going
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to realize this is happening in the fall
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why well because what is going to happen
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is
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consumer goods are actually going to
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begin to decrease you know the milk
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prices have been out of control you know
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the gas prices have been out of control
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a lot of these prices are going to start
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getting lower and lower as we go
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as we go throughout the fall you guys
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write this down
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but by october november december go back
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and watch this video
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you'll see this is coming what happens
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is
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the consumer goods start dropping and
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everybody starts thinking that's a great
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thing things are now costing
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less but that's because of the crazy out
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of control
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inflation so when the consumer good
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prices start dropping down
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what's going to occur is that
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the companies aren't going to be making
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as much profit right now if you look
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especially what happened with
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the lumber prices out of control these
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companies are making money hand over
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fist
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but when the prices drop they're not
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making as much money so
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what does that lead to the big narrative
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right now is nobody wants to work and i
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know that's true because the government
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handouts have been coming fast and
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furiously
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well those are also coming to an end the
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the eviction moratorium
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was not extended this week so we are now
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looking
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at there being and this was a big fail
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for uh the current administration
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they wanted to work out some kind of
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relief package and it never happened
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which is amazing isn't it
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when they control everything they they
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control every every level of the
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government right now
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and they couldn't get this passed
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they couldn't come up with a package why
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because everybody's too distracted
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it's all part of the bigger plan so
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what's going to occur
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here is that we're seeing the government
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cutting the stimulus the unemployment
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unemployment money is going to start
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running out people are no longer going
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to be able
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to sit around and do nothing and collect
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paychecks
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that's at least paychecks of a
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sustainable wage
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like they have been so there will be a
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push
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for people to go back to work this idea
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that nobody wants to work well people
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are going to have to work on a
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fundamental level
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uh at some point this is going to swing
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back the other way and
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we're going to start seeing this in the
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fall so you're going to have
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consumer goods dropping in price
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you're going to have uh you're going to
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have
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the government handouts loosening you're
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going to have companies
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making less profits you're going to have
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people needing to work
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what's going to happen is the companies
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are making as much money
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so they're going to start reducing jobs
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they're going to start laying people off
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they're not going to continue with their
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plan
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to grow their businesses and expand
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while money is good and the in a lot of
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the businesses have been living high off
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the hog
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when it comes to uh when it comes to
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uh these uh government handouts as well
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because the businesses have been
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you know equally uh is blessed so to
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speak
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uh as individuals who have been living
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off the government they've
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created a bunch of zombie companies that
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are only existing to get stimulus money
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but that will be gone so what we're
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gonna have
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is a totally different environment
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shaping up in the fall
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than we had than we have now you're
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going to see the banks
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continue to hold on to their money
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they're no longer going to be giving
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loans they're not going to be
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they've already started cutting personal
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credit lines
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business credit lines also which is not
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being talked about but these are also
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being cut
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how do i know because it happened to my
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friend i know someone specifically
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the overnight was told he no longer was
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going to be getting
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business credit so we're going to see
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this more and more we're going to see
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this
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change over the fall by early next year
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people are going to be waking up
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i told you guys the big narrative of the
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late summer was going to be inflation
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the government itself jerome powell was
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saying
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yeah we think this inflation's a big
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problem it's all smoking mirrors
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don't buy into any of it i know the
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rallying cry of bitcoin
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and of crypto has been keep your money
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out of cash
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but there will be a time coming when
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cash could be your best friend
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no it sounds contradictory to a lot of
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things i've talked about
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on this channel over the last several
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years it's very contradictory to the
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message that most mainstream youtubers
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in crypto are giving you but
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unfortunately
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they just don't have the facts and at
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this point i do
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new information will make you change
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opinions and change decisions
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on what you think is coming uh and it's
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my job
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to warn you guys and to let you know
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that there will be a time
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when it is time to cash out a good bit
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of your crypto
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you're always going to want to hold some
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you always want to hold some bitcoin
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some ethereum some cardano
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some xrp those are good long-term holds
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just set set it and forget it with those
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ones with all the other ones
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you're going to want to look for high
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points and move over
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and get ready for what's coming in the
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fall all right guys that is all i got
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drop your comments down below i want to
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know what you guys think about the xrp
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deposition
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let me know where you think ethereum is
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heading to and let me know what you
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think about this deflation coming in the
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fall
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i don't care whether you think it's
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coming or not i'm going to hear what you
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think about it
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because it's coming nothing you can do
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about it all alright guys that's all i
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got
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love you guys be blessed good boy
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