Is the Bitcoin Bottom in? with Willy Woo - WBD456
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 29 January 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
Location: Remote Date: Thursday 27th January Company: Hypersheet Role: Co-Founder
Given the unprecedented combination of events that impacted Bitcoin in 2021, it is perhaps not surprising that the market currently feels like it's in uncharted territory. Patterns of trading behaviour have changed, new investors and trading instruments are influencing the price, and the old cycles no longer seem to apply.
This wasn't forecasted. The rally into the back end of 2021 was expected to be sustained: institutional adoption ramped up. Yet, despite the influx of capital, whales hodling, and even miners keeping hold of their bitcoin, the price has seen a 50% correction since the ATH in early November.
However, shorting Bitcoin from this position would be a bold trade. The old coins are still not selling. Further, positive regulatory clarity could kickstart a rush of institutional capital.
In this interview, I talk to Willy Woo, on-chain analyst and Co-Founder of Hypersheet. We discuss the current Bitcoin price, why it doesn't look like a bear market, the breaking of the 4-year cycles, and how he's positioning his portfolio.
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Transcript
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| 0:00.0 | Structurally on chain it's not a beer market set up even though I would say we're at |
| 0:07.4 | peak fear like no doubt about it people were really scared which typically is it's an opportunity to buy. |
| 0:15.0 | Hello there, how are you doing? |
| 0:17.0 | Welcome to the What Bit |
| 0:18.0 | Bitcoin did podcast, which is brought to you by Gemini, the only place I am using |
| 0:22.0 | for buying Bitcoin. |
| 0:23.0 | I'm your host Peter McCormack and before we get into the interview today I have a quick |
| 0:27.7 | message from my show sponsors. |
| 0:29.8 | This show is brought to you by Gemini, who I am now using exclusively for buying and selling |
| 0:35.0 | Bitcoin. And you know what? We're coming up to a year and I still not sold a single |
| 0:40.2 | sat through Gemini. I am only buying Bitcoin. I am a Hodler. That's all I'm doing. |
| 0:45.0 | Now I have been using the Gemini app for buying the Dips, but I've also set up my DCA with twice monthly buys of Bitcoin |
| 0:52.0 | and I'm yet to see a better or easy interface |
| 0:54.4 | for buying Bitcoin. With a streamlined training view you have access to all the |
| 0:58.4 | tools you need to understand Bitcoin and start investing all through one clear attractive interface and general and dot com forward slash w bd and new customers will get twenty dollars in |
| 1:14.1 | Bitcoin when they trade a hundred dollars or more on Gemini now if you want to find out more please do head over to gemini dot com. That is GEMINI.com |
| 1:26.7 | forward slash W B D. |
| 1:28.8 | Next up we have my new sponsor to the show, which is |
| 1:31.1 | level, a company finally delivering on the promise of a |
| 1:34.4 | Bitcoin bank. Yes, a bank on your phone where you can deposit, spend and hold Bitcoin, and |
| 1:40.2 | you can also do this alongside a traditional dollar checking account. |
| 1:44.0 | You can deposit your payroll into your account as a US user, |
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