The Bitcoin Bull Market Phase 2 with Willy Woo - WBD416

Mr Obnoxious

Peter McCormack

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

4.8 • 2.7K Ratings

🗓️ 29 October 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Location: Remotely
Date: Thursday 28th October
Company: Hypersheet
Role: Co-Founder

In June, with the Bitcoin price in the low $30 thousands following a 50% drop, a number of technical analysts believed the top was in and that we were entering another prolonged bear market. However, the on-chain data told a different story and Willy Woo, amongst others, believed the bull market was still alive.

The past few months have proved the case for the on-chain analysts. In October alone, the price of Bitcoin is up over 40%, and on the 20th, it broke over $66k, a new all-time high.

The launch of the first US Bitcoin futures ETFs was a significant driver of this price rally, with futures ETFs facilitating access to deep pools of capital liquidity and risk-neutral trades.

How will this impact the market, and what can we expect from phase 2 of the bull run?

In this interview, I talk to an on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss the impact of Bitcoin ETFs, the next stage of the bull market and the role of toxic maximalism.

Transcript

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0:00.0	That cycle is repeated for, you know, a good part of a decade.
0:06.0	You've seen many of these cycles and we've just reloaded,
0:09.0	that the shotgun has just reloaded with new ammo and these guys are at peak and we're ready for another run.
0:15.3	Hello there, how are you all? Welcome to the What Bitcoin did podcast, which is brought to you by Gemini,
0:20.4	the only place I'm using for buying Bitcoin.
0:23.0	I'm your host Peter McCormack, and before we get into today's interview, I do have a message
0:27.6	from my amazing show sponsors.
0:30.0	This show is brought to you by Exodus Wallet, who I will be using as my mobile and desktop wallet for my Bitcoin.
0:36.0	Now as many of you know, UX is super important to me.
0:38.8	I'm always going on about it.
0:40.2	So when Exodus reached out to me and said, Pete, we want to sponsor the show, the show I was like okay cool, but I've got to play with the app and you know what they crushed it the experience is so good that I am happy to recommend it to my friends my family and of course you now Exodus Desktop gives you a way to secure
0:55.0	and manage your Bitcoin in one beautiful application
0:58.0	and with their mobile wallet you can send and receive safely
1:01.0	using a QR code or address known that Exodus automatically
1:04.7	checks all addresses for errors.
1:06.7	So make sure you check it out yourself at Exodus.com or search for Exodus in the Google or
1:10.9	Apple App stores.
1:11.9	Also let's talk about Khasa, the safest way for you to store your Bitcoin.
1:16.0	Now with the Bitcoin price high this year, I know some of you have been making some great
1:19.4	gains.
1:20.4	And with forgotten passwords, Sim swaps and fishing attacks,
1:23.4	there are just too many ways for your Bitcoin to be lost or stolen.
	...

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