welcome to bitboy crypto home of the bit squad the largest and greatest crypto community in all the interwebs my name is ben every day on this channel i show you how to make money in crypto if you like money and crypto make sure to hit that subscribe button in this video we look at some seriously bullish data about bitcoin's potential price movements but first i want to remind you that the bit squad is about to surpass NUMBER_TOKEN million followers across the interwebs and when that happens we're going to be giving away NUMBER_TOKEN ethereum and thousands of dollars in other cryptos to celebrate click the gleam dot io link in the description to enter before time runs out and it is ticking twitter user log scale posted a tweet thread the other day they got even the bears more bullish on bitcoin and the more the data kept coming the more parabolic things kept looking it's no secret that i'm bullish on bitcoin but this is some next level opium let's dig into the thread and find out just how big bitcoin could get during this cycle large scale started off by giving us some context this graph from bloomberg showing the baseline stats for the global financial system we all see how world governments are addicted to printing money and there doesn't seem to be an end in sight will there be hyperinflation a period of deflation or will there be the worst outcome of all stagflation so far the economists are saying that inflation is going to continue its runaway pace that narrative appears to be changing to deflation either way the price of bitcoin is rising as world governments are adding to their balance sheets or buying debt as fast as they can at some point the plates will stop spinning inflation or deflation not withstanding and the house of cards will fall but notice that pink line on the graph between now and NUMBER_TOKEN supply of bitcoin is going to continue to dwindle until january NUMBER_TOKEN the next halving when that happens there is going to be some incredible price action more on that in a moment i want to go back and clarify a third type of economic situation besides inflation and deflation there's this thing called stagflation so what is it it's the perfect storm of economic bad news rising inflation low gdp high unemployment this is real economic pain that can drag on for decades the NUMBER_TOKENs and the usa saw high stagflation people were losing their jobs and the price of goods kept going up it's very bad for the middle and working class so back to the threat back in NUMBER_TOKEN the feds started adding to their balance sheet with a process called quantitative easing it grew by NUMBER_TOKEN in the first few months of the financial crisis and didn't stop for another six years well the pestilence of NUMBER_TOKEN has the fed starting another economic intervention and the qe has only just begun this is only part of what is going on interest rates are at all time lows and some economists have even talked about the fed lower interest into the negative all this means that the turmoil the economy is going to be incentivizing investors to look for other ways to grow and protect their wealth that's where bitcoin comes into full view but to get the best view in all of crypto make sure to smash that like and subscribe button so you see my face every day puts you in the bit squad and keeps you in the know on the latest in crypto assets the having is the single most important thing to understand when it comes to bitcoin and its behavior on the markets the having means that
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