Bailey
đ€ SpeakerAppearances Over Time
Podcast Appearances
Well, two things.
One, if you're putting Bitcoin in the cold storage, it means you're just holding the line, right?
You're weathering the storm.
You're just waiting it out.
If you're putting things like USDT, USDC into cold storage and kind of sitting on it, which is unlikely, it wouldn't make sense, but maybe you're doing that because you're waiting for the right price target.
And you know that there's no reason to leave it in the wallet.
But again, there's no down either.
So my theory is they're just tossing Bitcoin off into a cold wallet and sitting on it, which is what some of the lower earlier investors did.
They tossed it into, you know, dead storage and it sat there for 13 years and all of a sudden it woke up and went crazy.
So it's possible that we start seeing some sort of price shock happen due to some of these actions of the whales where later there's going to be a sell of it's what I'm getting at.
that it gets over to a point, gets up to a point.
And then there's a little bit of sell, not dump sell, but sell to recoup from losses, especially if this goes for, let's say another two months or something.
I can anticipate that happening.
I don't know if that's really going to happen, but I suspect it's possible.
It's entirely plausible.
The other thing that's kind of, I'll even say infecting cryptocurrency right now, there's chatter that banks in China,
are going to try.
And I talked about this on an old, old, this was like a year, maybe ago episode where there was chatter about some of the other world powers, China being one of them moving away from dependence and connection to the United States dollar.
How does that work?
Well, at the simple level, we sell our debt to these other countries and those countries benefit from buying our debt.