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In today's show, Bitcoin heads for a dismal weekly closed as Bitcoin price rejects at $20,000.

That's right. We bounced back from $17,500 as the Bulls faced a $7,000 weekly red candle, and quoting Charles Edwards, there is a first, first everything. This is the first time the Bitcoin has traded below the prior cycle highs. I think it is fair to say things are different now. And as as economist Hoger points out here to put things into

perspective, a Bitcoin crash of 74% as at present is nothing unusual in history. There have already

been four collapses in which the leading cryptocurrency went from peak to trough by greater than 80%.

And as credible crypto shares, looks like no squeeze first. Well then, let's rip the band-aid off

and get this over with. And quoting Plan B in his recent update, there are currently two perspectives

on Bitcoin. Number one, which you can see on the left, Bitcoin is a bubble, a Ponzi that will go to zero.

And number two, which you can see on the right, Bitcoin is rising exponentially with great volatility.

Now note that the two charts

choose the exact same data. Perspective matters. One sees a bubble Ponzi scam. The other sees

exponential growth of a new technology. Now check this out in 2011. Bitcoin fell below 20 bucks.

In 2015, Bitcoin fell below $200. In 2017, Bitcoin fell below 2000.

And in 2022, Bitcoin fell below $20,000.

Do you notice the pattern if it persist?

Expect the next Bitcoin cycle crash in the next two to five years to 10x to $200,000.

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