Buy the F**king Dip with Willy Woo - WBD429

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 27 November 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Location: Remote
Date: Thursday 25th November
Project: Hypersheet
Role: Co-Founder

Comparisons between the 2017 & 2020/2021 bull markets are commonplace, and for a good reason. The 2016 halving kicked off a huge run and the first instance of wider retail getting involved in the Bitcoin market. 2020's halving was one catalyst for the current bull run. However, this time, the market participants are very different.

Michael Saylor helped change the way institutions approach bitcoin, and a slew of other companies followed in his footsteps. Then, most notably, El Salvador became the first nation-state to make Bitcoin legal tender. Mainstream bitcoin investment has been a defining event of 2021.

Further, this year has witnessed much more complex market activity: ETFs, shorting, and debt leveraged long positions. As a result, stakeholders have also had to assimilate a rapid increase in market-shifting news. This past month has been no exception, culminating in Nayib Bukele, El Salvador's president, announcing his country's 'Bitcoin Bond'.

In this interview, I talk to on-chain analyst and long-time friend of the show, Willy Woo. We discuss price forecasts, El Salvador's 'Bitcoin Bond', political attacks on Bitcoin, macro events, and comparisons to Ethereum.

Transcript

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0:00.0	It's just a different game now.
0:04.0	It's more measured, a little bit slower, much more capital involved.
0:09.0	Bitcoin has really crossed that chasm now to impact
0:12.0	traditional finance very clearly in this year.
0:15.0	Hello there, how are you all doing? Welcome to the What Bitcoin did
0:18.8	podcast which is brought to you by Gemini, the only place I am using for buying Bitcoin.
0:23.2	I'm your host Peter McCormack, and before we get into today's interview, I do have a quick
0:27.9	message from my show sponsors.
0:30.2	This show is brought to you by Sports Bet. I. The very best place for online gaming because they're badasses and they accept Bitcoin.
0:37.0	Now the football season started, it's been a strange start to the season. Tottenham started well, but obviously they fell apart.
0:43.3	Typical Tottenham stuff and Liverpool are crushing it, but it's a bit tied up there.
0:46.8	Other teams are doing very well. Now listen, with sports bet, you've got everything covered.
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1:08.0	Next up we have Exodus wallet who I am using as my mobile and desktop wallet for my Bitcoin.
1:13.4	Now as you know, UX is super important to me.
1:15.4	So when the Exodus team reached out to me,
1:17.3	I spent some time playing with the app
1:18.8	and you know what, they crushed it.
1:19.8	The experience is amazing,
1:21.2	which is why I'm happy to recommend it to you, my friends and my family.
	...

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