BTC026: Bitcoin Mastermind w/ Lyn Alden & Jeff Booth (Bitcoin Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 19 May 2021
⏱️ 79 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:30.0 | I'm super thankful to Lynn and Jeff to record this discussion with nearly no advance notice, |
| 0:59.0 | and I hope you guys enjoy the chat. |
| 1:01.0 | You're listening to Bitcoin Fundamentals by the Investors Podcast Network. |
| 1:09.0 | Now for your host, Preston Pish. |
| 1:13.0 | All right. |
| 1:23.0 | So here we are. Like we said in the introduction, I'm here with Lynn Alden, Jeff Booth, guys such just so excited to have you here to have this chat because, |
| 1:34.0 | man, it's getting crazy out there. It's getting a little insane. So I want to just open it up to you guys. Like how are you guys seeing things right now because it kind of to me, |
| 1:49.0 | it felt like this thing was on a rocket ship and then somebody shot the wing off over the weekend. |
| 1:56.0 | And now it's just chaos and fun and fear and people were going crazy. So I just want to kind of capture some of your thoughts initially and then we'll go from there. |
| 2:06.0 | Okay. Yeah. I mean, the way I'm looking at it is that, you know, we can use different kind of on chain indicators and basic sentiment analysis to see how it's going. |
| 2:15.0 | And for a while, you know, it was kind of on track where the bull market looked a lot like the 2017 post having bull market. And so now it's starting to look a little bit more like the 2013 bull market where it had it had a longer correction in the middle there. |
| 2:30.0 | It had like a six month, you know, pretty significant correction, but it's interesting so far because kind of a hybrid. And so it's in terms of percent loss so far, it doesn't really deviate from the 2017, you know, bull market at all. |
| 2:43.0 | And so those corrections were down, you know, in the high 30% range, close to 40% in some cases. |
| 2:51.0 | None of them lasted this kind of three month period that we're seeing now. And so in that way is looking a little bit more like the 2013 period. |
| 2:58.0 | And so I'm kind of analyzing it like I do any other asset class. And so for example, in my research service, I cover multiple different asset classes. |
| 3:05.0 | And so what you see is that if everybody kind of, you know, within an industry gets kind of super bullish at the same time, that's when you're likely to get have kind of pullbacks and corrections and things like that. |
| 3:16.0 | And so I think now we're seeing that I saw a similar thing with gold last year, where after the initial, you know, kind of cares act physical stimulus. We saw, of course, the big run up and gold. |
| 3:27.0 | And when you got to kind of late summer of 2020, he started to get real rates kind of rising a little bit off of their off of their lows. |
| 3:35.0 | He started to get a roll over and gold sentiment, right? And so you were in kind of a long term gold, you know, kind of a eight month correction. |
| 3:42.0 | And just when everybody kind of thought it was dead, that's of course when it kind of bottoms a little bit and chose some life. And so we kind of see some of the things with Bitcoin, where it's on, you know, they're on different clocks, right? |
| 3:52.0 | So when, you know, while while gold was cracking that that time and it kind of, you know, benefit, you know, kind of being hard by that rising real rate phenomenon, Bitcoin was was doing better. |
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