822: BITCOIN BULL MICHAEL SAYLOR UNVEILS 2 FACTORS BEHIND THIS CRYPTO MARKET CRASH!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6 • 626 Ratings

🗓️ 22 January 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a new Bloomberg interview, Bitcoin Bull and Microstrategy CEO Michael Saylor unveils two factors that he says are contributing to the volatility experienced by the crypto markets so far this year. “I think that there’s a lot of dynamics here. If you look at the entire crypto ecosystem, you have a set of regulatory uncertainty, especially regulatory uncertainty around stablecoins and crypto tokens and whether or not they’re securities. And that creates a little bit of anxiety. You have a lot of leverage offshore. You have a lot of crypto exchanges that can trade with up to 20x leverage. And those crypto exchanges have many, many tokens that are cross-collateralized. Between them and the decentralized finance [DeFi] exchanges, you can get much higher than 20x leverage. So that’s the second source of volatility.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	In today's show, Bitcoin price falls to $34,000 as Bitcoin RSI reaches the most oversold since the March 2020 crash.
0:08.4	In today's show, I'll be breaking down the latest technical analysis.
0:11.1	And as on-chain analysts Will and Clemente shares here, crazy part is open interest still hasn't flushed.
0:16.9	And as Biden's general shares here, after all this carnage and absolute state of panic, funding somehow isn't giga-negative.
0:23.2	Futures aren't backwarded and open interests barely went down. Interesting times and with interesting, I mean poverty.
0:29.8	And as me, Calvin Day, pop shares here, a bit more reliable than Bitcoin alone. Total market capitalization is at the next level of support.
0:36.4	While the daily RSI hits the lowest level since March 2020, equity sentiment is at the next level of support. While the daily RSI hits the lowest
0:37.9	level since March 2020, equity sentiment is also the lowest level since March 2020. Says it all. And as
0:44.1	plan B shares here in 2016, I bought my first Bitcoin at $400. March 2019, I published the stock
0:50.1	to flow model at $4,000 BTC. Now January 2020, Bitcoin dropped below $40,000 within the second
0:56.5	standard deviation ban. Some are worried about the current dip, but I am quite sure that Bitcoin
1:00.9	will add another zero next couple of years. Embrace volatility. And this just in breaking news,
1:06.5	the first physical store for buying and selling Bitcoin is opening in Portugal. Also like to point out that this is the new updated podcast cover.
1:14.7	Tune in to the number one crypto and Bitcoin News podcast on track to smash over 700,000
1:20.3	downloads this month.
1:21.4	You can tune in on iTunes and Spotify.
1:24.1	Also, this just in Breaking News.
1:26.0	El Salvador buys its cheapest, 410 Bitcoin as prices reach, $36,000, as Naibo Kelly shares here. I think I might have missed the dip this time with a sad face, and then he responded, nope, I was wrong. Didn't miss it. El Salvador just bought 410 Bitcoin for only $15 million. Some guys are selling really cheap.
1:44.8	Also in today's show, Wells gobble up Bitcoin as non-exchange BTC supply, surges to
1:49.4	all-time high has handsome analytics.
1:51.4	Also in today's show, here's what's behind the current crypto market downturn in 2022.
1:55.5	According to the micro strategy CEO himself, Michael Saylor, that's right, he was recently
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bitcoin News Alerts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bitcoin News Alerts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.