BITCOIN Bull Case Proven! FED Injects 700+ Billion to Save “Banks”

17,300 Views · Posted 5 years ago

Bitcoin might have a volatile next couple of weeks, but Chico Crypto is still a firm believer in the long term Bitcoin bull case. Today, we look at a popular Bitcoin prediction from Prophet Anon, of 4chan. Their first 2 predictions were spot on, and the next one has Bitcoin at $16,000 this month. Did Prophet Anon know something we didn’t? Well if you have been paying attention to the global economy, especially here in the US as the Federal Reserve has injected 700+ billion into the short term money markets, in under 2 weeks ...you get the feeling that Prophet Anon may be correct!

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⏰ Time Stamps ⏰
00:08 Introduction
00:34 Update on the Bearish Scenario
00:55 What About The Bullish Scenario? Prophet Anon's Predictions
02:03 Can We Trust Prophet Anon?
02:18 Case For A Substantial Crypto Boom Will Have To Come From A Failure In The Global Financial System: Fed Repurchase Operations
03:12 What is The Repo Market? How It Works....
03:58 Repo Rate and Short Term Money on Brink of Collapse
04:20 Why Did This Happen?
04:51 This Shouldn't Have Happened
05:32 The Bank Bailout Repurchase Operations-700+ Billion Injected
06:46 Did The FED Stop?? They Will Continue Until October 10th and Considering A Permenant Repo Desk
07:19 Did This Help The Economy? Nope!
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10:06 Why I Predict Another ICO and IEO Boom!
11:22 Outro

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Fed Repo Operations from their website
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000

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