Michael Nadeau

you know, different regime based on the way that this guy's talking.

Yeah, so I do think it's pretty clear that this is where we're at now.

I was sort of open-minded to potentially, you know, bouncing out of some of those zones we were in.

But yeah, it feels like we're in wealth destruction.

Bear markets for crypto, you know, have historically lasted about a year for Bitcoin.

And I'm sort of like anchoring to what has happened in the past has...

been playing out I think it's fascinating to me how the market fades this oftentimes but to me it's like it's kind of worth it just to let

let Bitcoin play out.

And if it starts to waver from the path it normally takes, then you can kind of shift your stance.

But I think like you, for me, like probably anchor to this is going to take a year to play out.

That's what I would, yeah, that would be where you'd measure it from.

So where you peaked beginning of October to a year out, that doesn't mean that it's just like, you know, it's going to be like this kind of like consistent sort of movement down to that place.

In the last cycle, we had a very aggressive move from like April to June and Bitcoin came all the way down, you know, under 20K.

We came below the

The MVRB came under one, which is what we typically look for as a buy signal.

That happened in June.

And then we didn't actually get to a full cycle low until December.

And you had a pretty big period there to be buying at pretty good levels.

So I'm kind of anchoring to a year, but it's possible we get down.

We're only four months in and we've come quite a ways.