Latest / Earn Your Leisure / Investor Daily: What’s Next for Bitcoin? The Bear Market & Price Predictions
Transcript
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- 0:43Speaker 2: Bitcoin so.
- 0:47Speaker 3: Interesting ninety two thousand dollars right now and it's been
- 0:51Speaker 3: dropping steadily so just past the deaf cross two days ago.
- 0:58Speaker 3: I think so bitcoin is interesting if you really think
- 1:02Speaker 3: about it, because it's the only investment that we actually
- 1:04Speaker 3: know what's gonna happen.
- 1:07Speaker 4: Tell me more.
- 1:08Speaker 3: Oh, because it has like if you follow history of
- 1:11Speaker 3: the bigcoin, it has four year cycles, right, so you could,
- 1:14Speaker 3: like as an exercise, anybody at home, you can actually
- 1:17Speaker 3: at GBT the four year cycles of bitcoin when the
- 1:20Speaker 3: next beer market will come previous beer market.
- 1:22Speaker 2: So it works in cycles.
- 1:24Speaker 3: Now, anything can happen in the future, but it's always
- 1:28Speaker 3: repeated the same cycle. Like no other investment has ever
- 1:32Speaker 3: done that. Like you can't say, okay, we know that
- 1:35Speaker 3: in video is gonna do good for four years and
- 1:37Speaker 3: it's gonna be flat for two years, and it's gonna
- 1:39Speaker 3: like we know that bigcoin works in a four year cycle.
- 1:43Speaker 3: It drops very drastically, almost seventy to eighty percent previously,
- 1:48Speaker 3: that's what that's what it has done, follows the having
- 1:52Speaker 3: so like even if you follow it like the bear
- 1:55Speaker 3: the bear market is supposed to start next year, but
- 1:58Speaker 3: some some say the bear market has already started, which
- 2:00Speaker 3: would be an early or early start, but it was
- 2:02Speaker 3: it was gonna start. There's almost one hundred percent chance
- 2:05Speaker 3: that bitcoin is going to drop drastically next year if
- 2:07Speaker 3: you follow what historically has happened. So everybody knows, well
- 2:14Speaker 3: if you study, everybody knows that that bitcoin is going
- 2:18Speaker 3: to drop. Like that's that's kind of like a cheat
- 2:21Speaker 3: code almost if you really think about it, because we know,
- 2:24Speaker 3: we know what's gonna happen. Now the variables is exactly
- 2:28Speaker 3: when it will drop, exactly how much it will drop.
- 2:32Speaker 5: I can tell you that, but we'll team come on,
- 2:35Speaker 5: so maybe next week.
- 2:37Speaker 3: So now the question is like, Okay, is this the
- 2:41Speaker 3: start of the already all are we already in the
- 2:44Speaker 3: band market or is just a short term reset and
- 2:48Speaker 3: then we're gonna push higher at the end of the
- 2:50Speaker 3: year and then next year it's gonna fall.
- 2:53Speaker 2: But it's gonna fall.
- 2:54Speaker 3: And I even I atchieve Chad GBT just to kind
- 2:58Speaker 3: of get Chad gbt's for perspective on it, and like
- 3:01Speaker 3: how it's supposed to fall following traditional bitcoins, it's supposed
- 3:05Speaker 3: to go to thirty or forty thousand, because that's seventy
- 3:08Speaker 3: and seventy five percent drop.
- 3:09Speaker 2: That's what it has done historically.
- 3:10Speaker 3: But most people don't think that it'll fall out fall
- 3:13Speaker 3: because of the institutional backing now that it didn't have before.
- 3:16Speaker 3: So the institutional backing up will have it around fifty
- 3:19Speaker 3: sixty thousand what it'll drop to. But no matter what
- 3:25Speaker 3: how you look at it is going to drop. But
- 3:26Speaker 3: it's already been dropping. So now everybody's a it's a
- 3:30Speaker 3: panic because.
- 3:34Speaker 2: It's down pretty pretty heavily.
- 3:36Speaker 3: And then all the bigcoin related stocks will talk about that,
- 3:38Speaker 3: Michael Strategy and a few others. Those are down, and
- 3:42Speaker 3: then of course since Bitcoin is down, to ets sit down,
- 3:45Speaker 3: and then whenever bigcoin goes down, then the all coin
- 3:48Speaker 3: market goes down also, So the all coins are down
- 3:51Speaker 3: XRP and Solana.
- 3:53Speaker 4: And all of that.
- 3:55Speaker 3: So now the main question is, now we know that
- 4:00Speaker 3: bigcoin's going to have a bad market, is.
- 4:02Speaker 2: This the bean market?
- 4:04Speaker 3: Because if this is the bend market, then the intelligent
- 4:08Speaker 3: thing to do would just be to wait, because this
- 4:11Speaker 3: is the band market. Ninety thousand is not a good
- 4:13Speaker 3: price to buy because it's going to go lower than
- 4:15Speaker 3: ninety thousand, so do we So the only question now
- 4:19Speaker 3: is are we in a band market? And if we
- 4:22Speaker 3: are in a band market, and beer markets for crypto
- 4:25Speaker 3: usually last. That's another thing. We know how long the
- 4:27Speaker 3: bean market lasts twelve to eighteen months, so it's not
- 4:29Speaker 3: a short it's not a short run. Once the band
- 4:32Speaker 3: market hits, we can we're looking at like twenty twenty seven,
- 4:35Speaker 3: end of twenty twenty seven for a full recover to
- 4:37Speaker 3: all time. But another thing that we do know about
- 4:39Speaker 3: bigcoins that it always goes up.
- 4:41Speaker 6: So history that's shown us that that's what.
- 4:43Speaker 3: I'm saying, So we know that in twenty twenty eight,
- 4:46Speaker 3: twenty twenty nine is going to be hired in what
- 4:48Speaker 3: it is now. But all of these things lead to
- 4:53Speaker 3: a pestimistic outlook for bigcoin for the next foreseeable future
- 5:00Speaker 3: unless we get an end of year pump, and that
- 5:04Speaker 3: could potentially change it for the short term. So are
- 5:08Speaker 3: we gonna get an end of the year pump or
- 5:10Speaker 3: are we just got to just ride this out to
- 5:13Speaker 3: twenty twenty seven?
- 5:16Speaker 5: I answer both meek mailbrick Cross one of my favorite songs,
- 5:19Speaker 5: Don't panic, don't panic.
- 5:21Speaker 4: Now's not the time to panic.
- 5:24Speaker 5: The notion of value or like the true value of
- 5:26Speaker 5: what we could get back to the April lows of
- 5:29Speaker 5: like seventy seven thousand and four fifty three. Last month,
- 5:33Speaker 5: I did tell you we was going to slide into
- 5:35Speaker 5: these nineties.
- 5:40Speaker 4: Now's not the time to panic.
- 5:41Speaker 5: I understand there's a lot of people who are saying
- 5:44Speaker 5: the thirty and forty thousand price range for bitcoin. Remember
- 5:49Speaker 5: last year or early this year, I said, Michael Silly
- 5:53Speaker 5: needs to be very careful because the only thing that
- 5:55Speaker 5: I think would drive that price that low is if
- 5:58Speaker 5: they want to get him out.
- 5:59Speaker 4: Of that seat that he's in.
- 6:01Speaker 5: I think that he has a plan to dwark that regardless,
- 6:05Speaker 5: but I don't think we'll get to thirties and forties.
- 6:06Speaker 5: Should you pick up something at seventies seven and some change, yes.
- 6:11Speaker 4: Pricer and stock Club. Worst case scenario, I have this
- 6:14Speaker 4: going to.
- 6:18Speaker 7: Said fifty. No, I'll say my number and then you
- 6:21Speaker 7: agree fifty. I'll see you though, fifty threes. I had
- 6:27Speaker 7: it at sixty, sixty three to sixty seven.
- 6:30Speaker 4: Yeah, fifty three, five, twenty four.
- 6:32Speaker 6: You're going to lower it or not.
- 6:34Speaker 5: But and here's the thing. As an investment, I'm not
- 6:35Speaker 5: saying absolutely will go to for tho.
- 6:37Speaker 4: You know what I mean, But please write this down.
- 6:40Speaker 5: You want to assume the worst case is basis first,
- 6:43Speaker 5: not the best case. A lot of you are panicking
- 6:47Speaker 5: because you bought it last week or two weeks ago.
- 6:50Speaker 5: You should have bought the majority in April. And in
- 6:54Speaker 5: addition with the having cycles, some want to be the
- 6:58Speaker 5: pre eminent force in crypto because they've seen his plan work.
- 7:04Speaker 5: I kept saying, I hope that he doesn't become the
- 7:08Speaker 5: new Kathy would but when the institution going back to
- 7:12Speaker 5: the program conversation. When they want the strategy and the
- 7:15Speaker 5: IP to use it for their own devices, they're going
- 7:18Speaker 5: to find.
- 7:18Speaker 4: A way to do so. Also too.
- 7:21Speaker 5: If we're going to have a cyclical downturn and now
- 7:25Speaker 5: we're back to risk on, maybe there will be some
- 7:28Speaker 5: flushing out. But I want to be very clear, there's
- 7:31Speaker 5: a mistake if you are a believer in it to
- 7:33Speaker 5: get rid of it now. Too many people ask should
- 7:38Speaker 5: I sell what I have now in wait to get in?
- 7:40Speaker 5: Continue to buy now? The mistake that I think Sailor
- 7:44Speaker 5: made is that he kept buying at any price. The
- 7:47Speaker 5: price for you buy and asset matters a hell of
- 7:48Speaker 5: a lot. But worst case scenarios fifty three. But if
- 7:53Speaker 5: you believe in it, we can have a nice bump.
- 7:56Speaker 5: And I think at the right price, definitely at fifties
- 7:59Speaker 5: and at sixty five, the institutional, the Saudi Fund, there's
- 8:04Speaker 5: too many big players that will absorb the coins at
- 8:07Speaker 5: that price.
- 8:09Speaker 1: Yeah, that's why I said, I was looking at the
- 8:10Speaker 1: charts yesterday I had around sixty seven.
- 8:14Speaker 6: Yeah.
- 8:14Speaker 1: I mean, if you I'll use the phrase that history
- 8:18Speaker 1: shows us rather than kind of what you were saying
- 8:20Speaker 1: that we know because somebody was like, oh, they know,
- 8:23Speaker 1: history has shown us that in these cycles. Specifically, what
- 8:28Speaker 1: what Shoddy was saying, it was like, there's just four
- 8:30Speaker 1: phases right now based on everything we've seen that we're
- 8:33Speaker 1: in phase three, and so here's some things, some key
- 8:35Speaker 1: indicators that you should find in phase three, which is
- 8:38Speaker 1: like six to eighteen months after having like we saw
- 8:42Speaker 1: having happened last April. So we're right mid mid cycle
- 8:47Speaker 1: sharp corrections, and I don't know if we've had a
- 8:49Speaker 1: sharp one yet. This feels like a pullback, but consolidation
- 8:52Speaker 1: is that next piece, and so that means you'll start
- 8:54Speaker 1: to see it move sideways, right, So if it's at eighty.
- 8:57Speaker 2: You'll definitely drop.
- 8:59Speaker 1: Well, we've seen steep, I'm saying for crypto, we've seen
- 9:02Speaker 1: that go down to seventy correction.
- 9:04Speaker 2: Correction is not seventy percent, that's a that's a full yeah.
- 9:08Speaker 6: If it's in the definition of correction. Even still collapse though,
- 9:13Speaker 6: that's but that's what I'm saying.
- 9:15Speaker 1: We can't even use collapse in terms of Bitcoin because
- 9:19Speaker 1: but that's what it does, because the correction, it's it's
- 9:21Speaker 1: in correction mode right now. I'm what I'm saying, correction
- 9:25Speaker 1: I don't want to confuse it when we're talking stocks, right,
- 9:27Speaker 1: because Bitcoin, the way that it moves its volatility is
- 9:31Speaker 1: very different.
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