Should You Buy Bitcoin At $70,000? Crypto BULL RUN Incoming
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 793 Ratings
🗓️ 8 March 2024
⏱️ 20 minutes
🧾️ Download transcript
Summary
The Crypto Bull Run is here, but should you invest at the all time highs?
Bitcoin and Ethereum have grown significantly and all of a sudden it is cool to be in crypto again.
In this podcast I break down my stance, what I'm looking at investing in during this bull run, and what this means for your money and the world as a whole.
Disclaimer: This is not investment advice. I am an idiot you follow on the internet
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Transcript
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| 0:00.0 | Well, finally happened. Bitcoin is at all-time highs. Ethereum is flirting with all-time highs. |
| 0:10.0 | All of a sudden, it's cool to be in crypto again. But doesn't it feel like this came out of nowhere? |
| 0:15.0 | Nobody was talking about this just a few months ago. What's fueling this crazy run? Why has it felt so quiet? We're going to talk |
| 0:22.6 | about what I'm doing about it. And you can use it to make your own decisions on if you're |
| 0:27.7 | going to sell, if you're going to buy. And we'll talk about what this means for your money |
| 0:32.3 | and the world as a whole. So Bitcoin's at all-time highs. And Ethereum is getting close. |
| 0:39.3 | When did we expect this was going to happen? I personally didn't expect that it was going to happen for several years. |
| 0:43.3 | But Bitcoin and Ethereum have tripled since January of 2023. So in just over a year, it has |
| 0:50.1 | tripled. And no one thought that this was going to happen until interest rates came down. |
| 0:54.7 | But interest rates have stayed at their highest level. There's been no cuts from the Federal |
| 0:59.3 | Reserve that have been driving this bull run. And yet, it has still gone to record levels. |
| 1:05.4 | Doesn't it feel like it came out of nowhere? Doesn't it feel like no one's been talking about |
| 1:09.8 | this? The reason for that is because |
| 1:12.1 | for the first time, this is big money moving into the space. This means that there are |
| 1:17.0 | ETFs being started. It's not your average taxi driver who is buying crypto in his Robin Hood app |
| 1:23.6 | anymore. That's what fueled the big runs previously. Now it's big money funneling into the space. |
| 1:29.9 | Now, what does that mean? What does it mean that is going? Is it going to hit 150,000? Is Ethereum going to |
| 1:34.4 | 10,000? And most importantly, should you buy more or should you sell right now? Well, let me tell you what I am |
| 1:40.5 | doing with my money. I own a sizable amount of Ethereum and I own a little bit of Bitcoin. |
| 1:48.1 | I'll talk about why here in a second. I have made a ton of money in this ball run. It's been great. |
| 1:56.3 | But am I buying more? No. I am not touching Bitcoin or Ethereum at these prices with the dollars |
| 2:05.0 | that I have in savings. And the reason will surprise you. It's not because I don't think it's |
... |
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