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Bull or Bear? Crypto Market Analysis with Ledger from UpOnly!

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 27 April 2023

⏱️ 83 minutes

🧾️ Download transcript

Summary

Ledger from UpOnly joins Ryan and David without Cobie or an appendix. However, Ledger brings the heat. He gives his takes, predictions, and everything in between on all things ETH, BTC, Shitcoins, Gensler's grilling, and macro. 

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Resources:

Ledger
https://twitter.com/ledgerstatus 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

We're bringing on ledger from Up Only fame to help us guide walk us through the charts.

0:29.3

We're going to look at the big boys, the big coin, the ether, the BTC ether ratio over the long

0:35.4

time frame and also the near time frame. Because Ryan, two weekly rollups ago, you were talking

0:41.3

about how you were feeling ready to capitulate on the possibility of triple digit ether ever coming

0:47.0

back. And then we had a moment where I was like, wait a second, this is heavy. We could just go

0:53.3

right back down to a thousand dollar ether, TBD on three digit ether. But I think the big question

0:59.6

that is going around in the crypto twitter space is, is this the biggest bull trap of the bear market?

1:07.3

And I think we remember back in 2019, the run from Bitcoin from 3000 to 14,000 back down to

1:16.3

4,500. So I remember I remember that bull trap. And I want to make sure that to the best of our

1:24.8

ability, we are able to at least ask the question, are we seeing something similar here today in

1:30.8

2023? Because if you remember, that was May of 2019 is when that happened right in the middle of the

1:38.6

year. I know it's here we are April 26th. Interesting point in the market does for sure. And I'm going

1:44.0

to make it give you some more commentary on that. But before we do got to let our bankless nation

1:50.6

know a message from our friends and sponsors over at nosis safe. It's now it's called just safe.

1:56.7

This is the multi-sig that everyone in Ethereum uses secures billions of dollars.

2:02.2

Bankless uses it. You go to bankless.eth. It's nosis safe. That's where we store the goods here.

2:08.0

And you've also heard us talking about account abstraction as well. This is the next generation

2:13.5

of Ethereum wallets that give these wallets like a fintech type of experience. Well, safe

2:19.1

is launching something called safe core, which is an account abstraction tech stack. David,

2:25.5

you want to tell them about this? Yeah, it's really an SDK for all of you account abstraction

2:30.8

builders out there. Right now, we are in the paradigm of what we call externally owned accounts.

2:37.8

We want to be with smart contract ones. Yay! What do we need to get there? We need an account

...

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