Bailey
👤 SpeakerAppearances Over Time
Podcast Appearances
I treat it as the same situation.
It's another opportunity.
It's another discount opportunity to buy into it.
Should you choose to, you just have to be careful about the timing of it because you don't know how much further down it's going to go.
And then the run back up.
So if it does, I would say this is my gut, right?
It's a wild eyed gut instinct.
I would say if Bitcoin hits the $70,000 mark, it's probably going to have a little bit more downward motion.
If it stays above the 88,000 or let's say 85,000, if it stays above that, it feels to me like we're not going to go heavily down.
So it might go down to the 80s and the 70, you know, higher 70s and then start going back up again.
I do expect.
some sort of a longer term crash months out i don't expect it here in like january it just feels too early for any significant crash behavior barring any macro events that's my gut instinct speaking about it of course with bitcoin going down we also saw the decline of ethereum on the other side with a very similar graph movement now ethereum got the worst of it
Whereas the Bitcoin looked like it was about to turn to the middle.
Ethereum looks like it's about to head further downward.
And of course, with them running lockstep, we can anticipate this is a wild eyed number.
ethereum hitting the 2500 mark again because remember it got almost that low not too long ago so i don't think that there's gonna completely toast and it'll i it's gonna rebound just like bitcoin will consider also that ethereum has more eyes on it right now given what idiot vidalik was talking about with his concerns on decentralization despite the fact he caused that by moving away from proof of stake but i digress and the fact that
messaging came out that black rock, at least one black rock, as among others, we're starting to build applications on a theorem.
So there's going to be more momentum backing a theorem, but it's ultimately beholden to the price shifts and movements of Bitcoin.
So Bitcoin is going to be the one to watch in the big picture.
If you're wondering about the clarity act and follow ons of what I did, I did coverage about the clarity act in my last episode of crypto talk that FM,