Bitcoin Rehab: BitcoinTINA Yells at Everyone with American HODL & BitcoinTINA - WBD333
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 12 April 2021
⏱️ 69 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Sunday 11th April Company: N/A Role: N/A
With bitcoin currently sat at ~$60,000 and looking likely to break its previous all-time highs, the bull market is in full swing. After a massive end to 2020 with no signs of slowing, analysts predict anything from $100k to $300k+ in 2021. Are we still in the early stages of this bull market?
Typically, bitcoin has had clear 4-year market cycles based around the halving; however, some people think this time may differ.
In 2017, it was mainly a retail-driven bull market, with few institutions investing in bitcoin. Still, now with institutions following MicroStrategy's move, the market has matured, and we have big money investors buying up every dip. So, is this enough to prevent us from ever seeing an 80% drawdown again? Are we amid a supercycle?
In this interview, I talk to American HODL & BitcoinTINA. We discuss the current market conditions, if we are in a supercycle, and Hodl and I bet another bitcoin, this time on whether the price reaches $300k in 2021.
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Transcript
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| 0:00.0 | This business of crashing, that's only because we've had these stupid idiots who had too much |
| 0:06.0 | Bitcoin who thought they could play with this market. And they're wrong, they can't play with the |
| 0:10.4 | market. Bitcoin is going to be ripped out of those sellers' hands. |
| 0:14.7 | They will never own Bitcoin again. |
| 0:16.1 | They will not be able to afford to own Bitcoin. |
| 0:18.3 | They will have less because they play dumb games. |
| 0:21.7 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world. |
| 0:25.6 | How are you all doing? |
| 0:26.6 | Pretty excited with Bitcoin right now. |
| 0:30.0 | We're over 60K. |
| 0:31.0 | I think we're going to hit 70K soon. We've been patient. |
| 0:34.2 | Come on Bitcoin, do your thing? Anyway, welcome to the What Bitcoin did podcast, which is brought to |
| 0:38.7 | you by Gemini, who I am now using exclusively for buying Bitcoin. I'm your host Peter McCormack and today I've got |
| 0:45.2 | another Bitcoin rehab American Hollol is back and this time we are joined by Bitcoin Tina. |
| 0:50.0 | But before that I do have a message from my amazing show sponsors and first off today we're going to kick off with Exodus wallet |
| 0:56.2 | Now I told you recently how Lloyesbank closed down my bank accounts. They gave me 65 days notice after being a customer for 25 years. |
| 1:04.6 | I have now migrated to another bank, but it also proves the point that I needed a solution |
| 1:10.3 | outside of the banking system. |
| 1:12.3 | And what do we have? |
| 1:13.0 | We have Bitcoin, right? |
| 1:14.0 | So I have been increasingly moving my company to Bitcoin. |
| 1:18.0 | I'm getting paid in Bitcoin. |
... |
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