Is Bitcoin a scam?! The results are SHOCKING!!!

Buy the dip, buy more Bitcoin, buy more altcoins, don't miss out. Is this legit? Is this a scam or the opportunity of a lifetime? This video here might shock you, so sit back, strap in, and let's dive in. Hey guys, thanks for tuning back into Matt Young Live. I'm Matt Young. Today I want to talk to you about something that's pretty crazy. So down the rabbit hole we go. Is Bitcoin and cryptocurrency a scam? Well, I'm gonna let you guys decide whether it is or whether it's the opportunity of a lifetime. If you remember in our last video, we talked about the 1996 NSA paper that was written on how to create a mint. And if you guys look at this 4th reference of David Chalm of Amos Fiat— don't mean to butcher that— he wrote this paper in 1988. So even before 1996, even before the '90s, the government had realized taking the dollar backed off gold was one of the biggest mistakes they had ever made. And what that told me is that there had to be a position that the government was holding in all this, or else Bitcoin would have never came to light. Let me show you exactly what I'm talking about. If you actually go and Google how much Bitcoin does Satoshi Nakamoto hold, you're going to see here between 750,000 and 1.1 million Bitcoin. Now you're also going to find here in a minute that How did they come at this number when in reality they probably don't know? Because if you look right here, when you're looking at Satoshi Nakamoto's wallets, it says Satoshi used a huge number of addresses, with some estimates suggesting he could have more than 20,000 different addresses. So what that tells me is if I can Google something and it tells me he's roughly holding between 3/4 of a million and 1.1 million Bitcoin, there's no way they have a, a proper means to track that, especially being that it was created so long ago. Or do they? Now, if you look up the US government's holdings, this article was published in 2023, so we're in 2024 now. Things could be completely different. This is from the increasingly Ferocious federal crackdown on the cryptocurrency business. It might appear the US government cannot stand digital currencies, yet there is a love-hate dynamic. The Treasury is sitting on a stash of 207,189 Bitcoin worth $5 billion, by far the largest such state-owned hoard. Now, this was back in July of 2023. Well, Matt, where are you getting with all this? Wait till the end of the video and it might shock you. We're starting to see more and more bullish news come out, and I can't help but just talk about this real quick. If you go to YouTube and you type in cryptocurrency, or if you type in Bitcoin, you're going to see people saying 100x gains, 1000x gains are to come, here comes the bull market. As an investor that's been in the space quite a long time, That tells me one thing— there's a major sweepout coming. But is it just the beginning of something that's far more ferocious than anyone could ever expect? You see, when I started noticing PayPal's integration and all these ETFs now are creating hedge funds, it tells me that they're opening up the doors to investors, which they had basically tried not to for so many years. With Grayscale now seeing its first inflow Right here, first net inflow since launch. Obviously we're going into a bullish structure, which again, we'll dive into the chart here in a minute to show you why I think we do have a leg upcoming, but most importantly, what I think most are missing. Okay, so when I'm looking at all this, I've got to tell you, inflation has created one of the biggest bull runs for us to see ever in our lifetime, if not ever in the economy. Of the United States of America. So I want you to think about something. How much debt is the United States actually in? Well, if you go to Google, you'll find that they're roughly in about $34 trillion worth of debt. Let's revisit this. Satoshi Nakamoto, we have now seen there is no way this is just one man. If we go over here, we're going to see another additional $207,000 or 207,000 Bitcoin that the government is saying that it holds. Guys, between the 1.1 million and the 207,000 Bitcoin, this tells me this number is very, very conservative and underestimated. Because I don't know about you, but when I searched up what is Satoshi Nakamoto's wallet address, it immediately asked for my location. The information that I'm providing today might get me flagged, but in doing so, I'm hoping that I can protect you from life-changing consequences. I remember being an admin in a group with a friend of mine, Joe, at Trade Intuition. I'm going to link him in the bottom below. I want you guys to check his channel out. From technical analysis on day-by-day patterns, this guy knows how to make money. But what I've really noticed is that the government doesn't want us to be able to get in here and make millions, if not trillions of billions or trillions of dollars, and then all of a sudden have the people controlling the government. It's never going to work that way. I want you to think of this as a stock market before the stock market ever launched. Right now it is decentralized. But the government is doing everything they can to get their hands on Bitcoin. Why though? Why in the world would they do that? We're going to finish this video with exactly not only what I think, but with what I know is going on. If you go and look at Cathie Wood— and people take her advice with a grain of salt, but she is the investor and CEO— I'm sorry, CEO and CIO of ARK Investment. And I just thought this was really curious for most of us viewers, and it sparked curiosity to where I thought it was something that you guys should hear.

Cathie Wood, CEO and CIO of ARK Invest, was the laughingstock of the traditional finance world when her ARK Invest fund was down to about $29 per share. She was even considered the kiss of death.

I think GM's doing well. I think that Cathie Wood is the kiss of death. The Coinbase call was embarrassing. They acted as if there was nothing wrong. Um, it really is true that Cathie Wood is the kiss of death. And, you know, you don't usually want to say that, but I think you have to throw out all the bromides and really speak truthfully here because the viewers deserve it.

Despite the harsh criticism, Cathie stood by her convictions, and Coinbase has since rebounded drastically. Cathie has the same sentiment for Bitcoin. In an interview with YCharts, Cathie Wood discussed her investing strategy and outlook, particularly Bitcoin and AI. While many investing algorithms and shorter-term thinkers look at a company's 3-year run rate, Cathie is looking at what it will do to solve the problems we face as a society in the future, even though Bitcoin currently sits in the $63,000 range.

So Cathie Wood— Matt, why are you talking about Cathie Wood? Because I want you to see what she's saying here. If you go to YouTube and type in Cathie Wood Bitcoin price prediction, she says BlackRock will send Bitcoin to $2.3 million per coin. Matt, that's absurd. Is it? Because if you really think about it, if the government is doing everything they can to get their hands on as much Bitcoin as they can, they're suppressing the knowledge that we're looking up on Google. They're trying to say that Satoshi Nakamoto was one man, which we now know it's not. It's a collective of people, if not a group, if not the government. Guys, don't for one second think that they haven't suppressed this in almost a way to basically pull the veil right in front of your eyes. Because if you go to the Bitcoin chart and you look at this, and I do exactly what I did to predict Bitcoin to $55K by January 1st, 2021, which again, it hit in January 2011, it was $57,000, $59,000 Bitcoin. I said that I would show you guys exactly what I was talking about. So if you go down to the chart here and you pull up something that I love to use— and again, I'll explain it later— and you use the Gann Fan, and I pull it up to the all-time high of roughly— what was it— $67,000. And we can even pull it to this new one over here. We'll pull it up to roughly at the The 73 mark. I want you to look at something. This is the exact methodology that I used to predict Bitcoin all the way up to where it was. We're in what's called a fractal, okay? And again, when we talked about rising wedges and falling wedges, if a rising wedge breaks to the upside, if a falling wedge breaks to the downside, It's always parabolic because a 68% chance says that a falling wedge should break to the downside and a rising wedge should break to the downside. I'm sorry, and a rising wedge should break to the downside, a falling wedge should break to the upside. So where am I getting with all this? Well, if we zoom back out on the monthly time frame and go for the bigger picture, which I highly recommend you do, I want you— I just want to ask you something. Is this a rising wedge? Especially if I draw my trend lines through here, it absolutely is. So if it breaks upwards into a rising wedge, out of a rising wedge, then we're talking about parabolic gains. Well, Matt, again, why would it be a scam? Why would this be a bad thing? Hang on a second. If you look Which I think it's going to be pretty shocking as you zoom in the fractal right now. If the month was to break out right now, according to the fractal, it's almost a one million dollar Bitcoin. Do I think it's going to happen that fast? Absolutely not. Do I think it could happen in the next year, two years, five years? Add some more candles. Each one represents a month. We'll come down, down, down, down, down. Let's just say four years down the road. Around, let's just say, a year down the road, October of 2025, $3.4 million. This is the exact methodology that I used to predict Bitcoin to $55K when I had no idea what I was doing. Well, Matt, that's an opportunity of a lifetime. It is, but there is a ferocious consequence. Bitcoin is being hoarded by the government. Satoshi Nakamoto's wallet is not dormant. They have the access. I'll give you later proof in further videos. But guys, if Bitcoin makes this run all the way up to $2 million, $3 million, $5 million, and all that we know about is $1.2 million, $1.3 million, or $1.3 million Bitcoin that are at least in the government's wallet. I want you to do the math, because if they dumped Bitcoin at such a high level, not only would it restore the dollar, but it would, it would restore the American economy as the number one economy in the world, therefore making the dollar once again the way to pay. Well, Matt, the dollar is going away. It's all digital currency. We've been talking about that. You're right, but the dollar is correlated to what stablecoin?

USDC.

We'll get into the Tether FUD and everything that goes around the Tether, but I use a lot of United States Tether. I do the USDT. That's how I buy a lot of my trades. However, showing this information and diving as deep as I've done has dove in. It's pretty scary. So guys, I'm gonna tell you right now, my exit plan— I'm gonna stick with it— is roughly at about $160,000 because I do think we see a correction. But that is if and only if we break out of this falling wedge that we're in right now. Right now I said at $69K I would be taking profits. I'm a man of my word. If anything changes, a video will be uploaded immediately. Once we break out, I know where we can head to. Once we get up to the top at about $160K, could we recorrect? You bet your bottom. And I'm telling you right now, until this breakout level down here at around $40K is revisited, you will continue to see volatility in the market day after day after day. BTC could disappear after this dumping. Because just like the dot-com era, there's going to be so many other projects that come out that are going to operate faster. They're going to have way more transparency, way lighter fees, way quicker transactions. Well, Matt, that's just not possible. Again, if I told you about MySpace, Facebook, Twitter, Xanga, any of these— TikTok— any of these platforms back in the '90s, you would have looked at me like I'm crazy. If I would have told you about Xbox Live, PlayStation Network, EA Sports, you would have said, what are you talking about? We have no idea what's to come, but what we can do is we can go in with a plan. And I promise you, as a trader that's been here for over 6 years, if you stick to your plan and understand the money is made in the middle, day by day, you're only going to change your life for a better way. This next video coming up Wednesday this week, I'm gonna show you exactly what I'm holding, what exactly my price predictions are, and what my timeframe is going to look like. Like the video, smash the like button, destroy it. Hit subscribe. Don't miss another video because I'm just getting started on showing you how to make life-changing money. I'm Matt Young. With Matt Young Live. I look forward to seeing you guys soon. Thanks for stopping in.

Thank you.