Willy Woo: How Bitcoin Reaches up to $300,000 by End of Year - Ep.207

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 12 January 2021

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Willy Woo, a prominent on-chain Bitcoin analyst and author of the “The Bitcoin Forecast,” a market intelligence newsletter, explains the parabolic activity of Bitcoin in the past month. We cover: why he thinks Bitcoin has more than doubled in the last month what the "double pump" market is and why Bitcoin may see two rallies this cycle what stage of the Bitcoin bull market we are currently in who is buying, and how they've differed from previous investors who still is yet to buy this cycle why Bitcoin hitting new all-time highs mean that we're in "uncharted price discovery" how his "top cap model" shows Bitcoin could be around $95k by end of year and how if certain trends accelerate, it could reach $200,000-$300,000 by year's end how the pandemic impacted Bitcoin’s price what on-chain movements he's seeing that make him call the current cycle of Bitcoin "whale spawning season” how to gauge the increasingly rapid investor activity what to expect from Bitcoin and Ethereum in 2021 Thank you to our sponsors! Crypto.com: http://crypto.com 1inch: http://1inch.exchange Episode links: Willy Woo: https://twitter.com/woonomic Woobull.com: http://charts.woobull.com Willy on Unconfirmed: https://unchainedpodcast.com/willy-woo-on-why-its-an-extremely-great-time-to-buy-bitcoin/ Fibonacci traces tweet: https://twitter.com/woonomic/status/1347433551906500614?s=20 Bitcoin reflexivity: https://twitter.com/woonomic/status/1344189627997949952/photo/1 Who has been buying recently: https://twitter.com/woonomic/status/1347127159538688002?s=20 Double pump bull market: https://twitter.com/woonomic/status/1346889817792004096?s=20 Buying by long-term holders: https://twitter.com/woonomic/status/1346827893322616833/photo/1 What percentage of the Bitcoin supply is liquid: https://insights.glassnode.com/bitcoin-liquid-supply/ Premium above NVT Price: https://twitter.com/woonomic/status/1346797291668029440/photo/1 Accumulation of BTC before the OCC announcement: https://twitter.com/woonomic/status/1346296294797582336/photo/1 Will never see a $20k BTC again: https://twitter.com/woonomic/status/1345660018541019138?s=20 Bitcoin as investment vs. tech: https://twitter.com/woonomic/status/1345221723751206912?s=20 NVT Ratio: http://charts.woobull.com/bitcoin-nvt-ratio/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The Cryptopians is out now. It contains a new afterward covering recent
0:06.5	developments in crypto since 2021 when the book went to press. Plus this
0:11.2	version names the person I suspect to be the Dow hacker.
0:14.0	In case you never got to read the book in hardback, or, like me, you like to read
0:18.5	paperbacks or bedtime reading, order today. Check our newsletter and the show notes for the link or just search for it at any of your favorite bookstores.
0:26.0	It's The Cryptopians.
0:28.0	Idealism, greed, lies, and the making of the first big cryptocurrency craze.
0:32.0	Thanks for reading. making of the first big cryptocurrency craze.
0:32.6	Thanks for reading.
0:33.6	Hi everyone, welcome to Unchained,
0:38.7	your no-hype resource for all things crypto.
0:40.9	I'm your host, Laura Shin, a journalist with over two decades of experience. I started
0:45.1	coming crypto five years ago and as a senior editor at Forbes was the first mainstream media
0:49.3	reporter to cover cryptocurrency full-time. Subscribe to Unchained on YouTube where you can watch the videos of being my guest. or One Inch Exchange is Defe's leading decks aggregator that discovers the best trade practices across all deckses.
1:06.0	One Inch was launched in May 2019 by two White Hat hackers at Eeth Global's Eath New York Hackathon,
1:13.0	1 inch has reached almost $7 billion in overall volume in just over a year.
1:18.0	Crypto.com, the crypto super app that lets you buy, earn and spend crypto, all in one place.
1:25.0	Earn up to 8.5% per year on your BTC and more than 20 other coins.
1:30.1	Download the crypto.com app now to find out how much you could be earning.
1:35.0	Today's guest is Willie Wu, on-chain Bitcoin analyst and writer of the
1:38.8	Bitcoin Forecast of market intelligence newsletter.
1:41.6	Welcome, Willie.
	...

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