Latest / Earn Your Leisure / Will We See Another Crypto Winter?

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Will We See Another Crypto Winter? · Earn Your Leisure

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  Speaker 1: pushing your vision forward. Michaels Strategy just bought twenty two
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  Speaker 1: thousand more bitcoin at ninety eight thousand, which is, you know,
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  Speaker 1: one of those things we tell people don't invest at
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  Speaker 1: the highs we've seen in twenty seventeen, you know, crypto
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  Speaker 1: winter and twenty two a nice pullback. It feels like
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  Speaker 1: we're in the bill market.
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  Speaker 2: Now.
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  Speaker 3: Do you see paratory.
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  Speaker 1: Or that quote unquote crypto winter coming in the near future,
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  Speaker 1: and if.
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  Speaker 3: So, how do we navigate do that?
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  Speaker 2: Yeah, eventually, eventually people are going to sell off, So
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  Speaker 2: that's kind of like the risk that you're taking whenever
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  Speaker 2: you put your money into a pool of things that
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  Speaker 2: other people have their money into. Right, So you don't
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  Speaker 2: know when someone's going to take profits. You don't know
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  Speaker 2: when someone's going to sell to lock in their gains,
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  Speaker 2: like funds got to you know, actually provide a return
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  Speaker 2: for their customers things like that.
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  Speaker 3: Right, So eventually there will be a selloff.
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  Speaker 2: Now when do I think this happens? Probably after next summer.
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  Speaker 2: I think that the rules of like, I think there's
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  Speaker 2: two different paradigms going on.
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  Speaker 3: Right, you have like the bitcoin paradigm, and then you
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  Speaker 3: have like.
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  Speaker 2: How we look at traditional assets, and I think at
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  Speaker 2: first they mirror themselves a lot each other a lot.
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  Speaker 3: And I think eventually what's going.
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  Speaker 2: To happen is we're going to break the correlation. And
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  Speaker 2: why I think we break the correlation. And when we
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  Speaker 2: break the correlation, I don't see any more eighty percent
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  Speaker 2: drawdowns or sixty percent drawdowns.
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  Speaker 3: Yeah done, Yeah exactly.
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  Speaker 2: I believe that totally because I think that it's the
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  Speaker 2: nature of the buyer that's different.
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  Speaker 3: So if if Blackrock is buying up all these.
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  Speaker 2: Bitcoin on behalf of their customers, these aren't the people
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  Speaker 2: that are going to sell, right or if micro Strategy
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  Speaker 2: is buying up all the bitcoin and then they're using
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  Speaker 2: leverage to even speed up the process, these aren't sellers, right,
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  Speaker 2: So I think what happens is the people who are
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  Speaker 2: who are gaining more and more bitcoin are the types
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  Speaker 2: of people that will hold. So then when the selling,
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  Speaker 2: you guys know, like selling creates more selling, buying creates
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  Speaker 2: more buying, right, So when there's not large sellers or
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  Speaker 2: the large selling slows down, then I think the.
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  Speaker 3: Pullbacks become less volatile.
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  Speaker 2: So this is why I used to look at charts
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  Speaker 2: and say, oh, I'm going to wait for a pullback.
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  Speaker 2: And I think late twenty twenty two or even early
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  Speaker 2: twenty twenty three, I was waiting for a bitcoin to
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  Speaker 2: retest twenty and I had, you know, some money to deploy,
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  Speaker 2: and then they didn't test it and it just kept running.
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  Speaker 3: And then that's when I started to put two and
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  Speaker 3: two together.
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  Speaker 2: I'm like, because this is like game theory, and there's
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  Speaker 2: a race to get as much bitcoin for the lowest
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  Speaker 2: price possible.
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  Speaker 3: I if I buy right now and it goes down,
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  Speaker 3: who cares I buy more? You know? So I kind
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  Speaker 3: of even stop looking at the charts. So yes, I
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  Speaker 3: believe that there's gonna be a crypto winner.
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  Speaker 2: I believe that that Bitcoin will go into a bear
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  Speaker 2: market again, but I just think the bear market looks
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  Speaker 2: different one.
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  Speaker 3: And then the second thing I want to say is.
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  Speaker 2: Let's say people right now are like, yeah, bitcoin's too
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  Speaker 2: high a one hundred thousand. I think that I'm gonna
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  Speaker 2: wait for the next pullback. Well, imagine bitcoin runs to
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  Speaker 2: two twenty and then the pullback's one sixty and you
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  Speaker 2: could have been buying for one hundred. Youee what I'm saying.
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  Speaker 2: So I started looking at it like that too, Like,
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  Speaker 2: don't think that I wouldn't you know, bet that we
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  Speaker 2: go back down to fifty or wherever people are predicting.
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  Speaker 2: So I think buying the dip will change drastically as
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  Speaker 2: we move forward in bitcoin.
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  Speaker 4: And there's always a lot of talk about the crypto winter,
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  Speaker 4: but not enough consideration about the crypto summer. Yeah, and
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  Speaker 4: how far with the hedge funds being involved in it,
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  Speaker 4: how far it's going to run up? Like you said,
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  Speaker 4: I don't think we're going to have seventy percent drawn
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  Speaker 4: out sixty five percent drawn downs anymore, because the liquidity
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  Speaker 4: pool is been stacked amongst Vanguard State Street Blackrock. I
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  Speaker 4: don't think we'll have those dips anymore.
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  Speaker 3: I agree.
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  Speaker 2: I also believe that people should visualize this like you
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  Speaker 2: have a limited amount of dollars, right, you have unlimited
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  Speaker 2: amounts of dollars flowing into this asset.
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  Speaker 3: That's that's finite. Right.
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  Speaker 2: So it's like if you turn this water faucet back
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  Speaker 2: here on, that would be the dollar, right. So bitcoin
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  Speaker 2: would be putting a balloon, one balloon in there, and
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  Speaker 2: you say, hey, as long as that faust stays on,
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  Speaker 2: this balloon will expand. So I think people kind of
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  Speaker 2: have a hard time seeing that because they still look
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  Speaker 2: at bitcoin like a stock, right, So you're looking at bigcoin.
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  Speaker 3: Like a stock. But a corporation can issue more shares
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  Speaker 3: and dilute you.
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  Speaker 2: You can't make any more units of bitcoin, right, So
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  Speaker 2: you just got this waterfalls flowing into this balloon, and
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  Speaker 2: the bigger the balloon gets, the saferygits.
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  Speaker 3: So I think that's something. It's a paradigm to an.
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