WEBVTT - Will We See Another Crypto Winter?

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<v Speaker 1>pushing your vision forward. Michaels Strategy just bought twenty two

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<v Speaker 1>thousand more bitcoin at ninety eight thousand, which is, you know,

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<v Speaker 1>one of those things we tell people don't invest at

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<v Speaker 1>the highs we've seen in twenty seventeen, you know, crypto

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<v Speaker 1>winter and twenty two a nice pullback. It feels like

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<v Speaker 1>we're in the bill market.

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<v Speaker 2>Now.

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<v Speaker 3>Do you see paratory.

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<v Speaker 1>Or that quote unquote crypto winter coming in the near future,

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<v Speaker 1>and if.

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<v Speaker 3>So, how do we navigate do that?

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<v Speaker 2>Yeah, eventually, eventually people are going to sell off, So

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<v Speaker 2>that's kind of like the risk that you're taking whenever

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<v Speaker 2>you put your money into a pool of things that

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<v Speaker 2>other people have their money into. Right, So you don't

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<v Speaker 2>know when someone's going to take profits. You don't know

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<v Speaker 2>when someone's going to sell to lock in their gains,

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<v Speaker 2>like funds got to you know, actually provide a return

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<v Speaker 2>for their customers things like that.

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<v Speaker 3>Right, So eventually there will be a selloff.

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<v Speaker 2>Now when do I think this happens? Probably after next summer.

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<v Speaker 2>I think that the rules of like, I think there's

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<v Speaker 2>two different paradigms going on.

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<v Speaker 3>Right, you have like the bitcoin paradigm, and then you

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<v Speaker 3>have like.

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<v Speaker 2>How we look at traditional assets, and I think at

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<v Speaker 2>first they mirror themselves a lot each other a lot.

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<v Speaker 3>And I think eventually what's going.

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<v Speaker 2>To happen is we're going to break the correlation. And

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<v Speaker 2>why I think we break the correlation. And when we

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<v Speaker 2>break the correlation, I don't see any more eighty percent

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<v Speaker 2>drawdowns or sixty percent drawdowns.

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<v Speaker 3>Yeah done, Yeah exactly.

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<v Speaker 2>I believe that totally because I think that it's the

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<v Speaker 2>nature of the buyer that's different.

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<v Speaker 3>So if if Blackrock is buying up all these.

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<v Speaker 2>Bitcoin on behalf of their customers, these aren't the people

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<v Speaker 2>that are going to sell, right or if micro Strategy

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<v Speaker 2>is buying up all the bitcoin and then they're using

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<v Speaker 2>leverage to even speed up the process, these aren't sellers, right,

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<v Speaker 2>So I think what happens is the people who are

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<v Speaker 2>who are gaining more and more bitcoin are the types

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<v Speaker 2>of people that will hold. So then when the selling,

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<v Speaker 2>you guys know, like selling creates more selling, buying creates

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<v Speaker 2>more buying, right, So when there's not large sellers or

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<v Speaker 2>the large selling slows down, then I think the.

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<v Speaker 3>Pullbacks become less volatile.

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<v Speaker 2>So this is why I used to look at charts

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<v Speaker 2>and say, oh, I'm going to wait for a pullback.

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<v Speaker 2>And I think late twenty twenty two or even early

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<v Speaker 2>twenty twenty three, I was waiting for a bitcoin to

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<v Speaker 2>retest twenty and I had, you know, some money to deploy,

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<v Speaker 2>and then they didn't test it and it just kept running.

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<v Speaker 3>And then that's when I started to put two and

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<v Speaker 3>two together.

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<v Speaker 2>I'm like, because this is like game theory, and there's

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<v Speaker 2>a race to get as much bitcoin for the lowest

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<v Speaker 2>price possible.

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<v Speaker 3>I if I buy right now and it goes down,

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<v Speaker 3>who cares I buy more? You know? So I kind

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<v Speaker 3>of even stop looking at the charts. So yes, I

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<v Speaker 3>believe that there's gonna be a crypto winner.

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<v Speaker 2>I believe that that Bitcoin will go into a bear

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<v Speaker 2>market again, but I just think the bear market looks

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<v Speaker 2>different one.

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<v Speaker 3>And then the second thing I want to say is.

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<v Speaker 2>Let's say people right now are like, yeah, bitcoin's too

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<v Speaker 2>high a one hundred thousand. I think that I'm gonna

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<v Speaker 2>wait for the next pullback. Well, imagine bitcoin runs to

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<v Speaker 2>two twenty and then the pullback's one sixty and you

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<v Speaker 2>could have been buying for one hundred. Youee what I'm saying.

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<v Speaker 2>So I started looking at it like that too, Like,

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<v Speaker 2>don't think that I wouldn't you know, bet that we

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<v Speaker 2>go back down to fifty or wherever people are predicting.

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<v Speaker 2>So I think buying the dip will change drastically as

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<v Speaker 2>we move forward in bitcoin.

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<v Speaker 4>And there's always a lot of talk about the crypto winter,

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<v Speaker 4>but not enough consideration about the crypto summer. Yeah, and

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<v Speaker 4>how far with the hedge funds being involved in it,

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<v Speaker 4>how far it's going to run up? Like you said,

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<v Speaker 4>I don't think we're going to have seventy percent drawn

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<v Speaker 4>out sixty five percent drawn downs anymore, because the liquidity

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<v Speaker 4>pool is been stacked amongst Vanguard State Street Blackrock. I

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<v Speaker 4>don't think we'll have those dips anymore.

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<v Speaker 3>I agree.

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<v Speaker 2>I also believe that people should visualize this like you

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<v Speaker 2>have a limited amount of dollars, right, you have unlimited

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<v Speaker 2>amounts of dollars flowing into this asset.

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<v Speaker 3>That's that's finite. Right.

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<v Speaker 2>So it's like if you turn this water faucet back

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<v Speaker 2>here on, that would be the dollar, right. So bitcoin

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<v Speaker 2>would be putting a balloon, one balloon in there, and

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<v Speaker 2>you say, hey, as long as that faust stays on,

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<v Speaker 2>this balloon will expand. So I think people kind of

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<v Speaker 2>have a hard time seeing that because they still look

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<v Speaker 2>at bitcoin like a stock, right, So you're looking at bigcoin.

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<v Speaker 3>Like a stock. But a corporation can issue more shares

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<v Speaker 3>and dilute you.

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<v Speaker 2>You can't make any more units of bitcoin, right, So

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<v Speaker 2>you just got this waterfalls flowing into this balloon, and

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<v Speaker 2>the bigger the balloon gets, the saferygits.

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<v Speaker 3>So I think that's something. It's a paradigm to an.

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