July 31: The Next Bitcoin Crash Will Test Whether You Actually Believe
Bitcoin remains stuck near $64,000, but Matt focuses on the harder question: what happens when the next crash comes with a believable reason that Bitcoin is actually broken? He considers a future quantum-computing or security scare that could drive Bitcoin into four-digit territory and argues that the best historical buying opportunities have usually appeared when fear felt existential. The challenge is whether investors would still buy while headlines declare the experiment over and prices continue falling.
The episode also covers Strategy’s $8.2 billion quarterly loss tied to its Bitcoin…
The skinny
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