2020 Trading & On-Chain Review with Willy Woo - WBD289
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 18 December 2020
⏱️ 67 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Tuesday 15th December Company: Hypersheet Role: Co-Founder
Bitcoin has had an incredible year. Following the outbreak of the coronavirus, the Bitcoin price crashed to just below $4,000. However, the subsequent government bailouts and money printing has led to many fearing fiat currencies will suffer from high inflation, highlighting the importance of hard money.
Since the lows in March, Bitcoin has gone from strength to strength, particularly on the back of corporate interest. MicroStrategy and Square paved the way for corporations to buy Bitcoin, and others are following.
Over the last couple of days, Bitcoin has rallied to new all-time highs, reaching close to $24,000, but what makes this time different to 2017? And how high could the price go in 2021?
In this interview, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the current state of the Bitcoin market, the catalysts for Bitcoin's rally and what to expect in the coming year.
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Transcript
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| 0:00.0 | 100,000 I'd rate as very conservative, probably overly conservative. |
| 0:06.4 | I'd rate 200,000 upwards is a sweet spot, 300,000 a lot out of the question, |
| 0:11.6 | and I do not ridicule one million dollars. |
| 0:15.0 | Hello there from Bedford in the United Kingdom how are you all doing well I know |
| 0:20.2 | you're doing great it's been a great week for Bitcoin. With the price hitting new highs, |
| 0:24.0 | we nearly tapped at $24,000 the other day, so I guess you're absolutely all flying out there. |
| 0:29.6 | Feels pretty good, right? Congratulations to everyone who's weathered a really long and horrible bear market. |
| 0:35.2 | Anyway, welcome to the What Bitcoin did podcast which is brought to you by The Mighty Cracken, |
| 0:39.6 | the best place to buy, sell and trade Bitcoin. I'm your host Peter McCormack and today I've got an interview with |
| 0:44.4 | Willie Wu where we're going to recap the 2020 trading environment but before that |
| 0:48.8 | do have a message from my amazing show sponsors. So today we're going to kick off with Karsa who, without doubt, is the very, very best in |
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