Episode notes
“This business of crashing, that’s only because we’ve had these stupid idiots who had too much bitcoin who thought they could play with this market, and they’re wrong; they can’t play with the market. Bitcoin is going to be ripped out of those sellers hands; they will never own bitcoin again, they will not be able to afford to own bitcoin, they will have less because they played dumb games.”
— BitcoinTINA
Location: Remotely
Date: Sunday 11th April
Company: N/A
Role: N/A
With bitcoin currently sat at ~$60,000 and looking likely to break its previous all-time highs, the bull market is in full swing. After a massive end to 2020 with no signs of slowing, analysts predict anything from $100k to $300k+ in 2021. Are we still in the early stages of this bull market?
Typically, bitcoin has had clear 4-year market cycles based around the halving; however, some people think this time may differ.
In 2017, it was mainly a retail-driven bull market, with few institutions investing in bitcoin. Still, now with institutions following MicroStrategy’s move, the market has matured, and we have big money investors buying up every dip. So, is this enough to prevent us from ever seeing an 80% drawdown again? Are we amid a supercycle?
In this interview, I talk to American HODL & BitcoinTINA. We discuss the current market conditions, if we are in a supercycle, and Hodl and I bet another bitcoin, this time on whether the price reaches $300k in 2021.
This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
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WBD333 - Show Notes
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