Bitcoin Predictions

[24:03] Bitcoin is going to crash. I've been predicting it's going to go down to at least 30,000 by the end of this year, maybe lower and then the next stop will probably be 250, then 500.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[24:14] it's going to be closer to a million dollars 10 to 15 years from now and then it will be big enough to be bigger than gold

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[44:56] his boldest calls for a year from now — including a bursting AI bubble and Bitcoin below $20,000.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[12:22] Based on that, we should see it come to the 618, and if it finds support and bounces, we should see it drop to the 100% measured move, which if we look at that, is about $45,000 for Bitcoin... it actually looks like a pretty straightforward downward trend. It's a bear market. It's bouncing on Fibonacci levels. It's starting to give way today... the odds are it's going lower at this point.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[35:12] it's very bearish the the smart money uh you know so the smart money in Bitcoin is the money that drives the futures and the ETFs and so on. Uh uh it's looking very bearish and I think we're still down for uh several more weeks into autumn into on Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:00] look out. Gold goes to seven, you know, silver goes to 200, Bitcoin goes to 180. I mean, that's that's kind of what I see.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[4:22] I feel like we're carving a bottom here in Bitcoin. A lot of the good uh analysts that I follow in the the economic or the models that I follow, there's one in particular that's very useful called the power law model, um suggests that, you know, we're close to the bottom, if not at the bottom. So, you know, whether we end here at 59 or 58, or we whip down to 54, I I don't think we're going to see a number that starts with 40.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[25:56] I don't think it's going to um have a big boost given that basically all the tech AI stuff has kind of taken the you know the attention and the kind of the speculative money has gone away from those alternative u you know digital assets uh that they used to get you know a few years ago um that now people are more interested in in some of these uh you know tech AI related stuff rather than than Bitcoin and things

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[32:26] Bitcoin 30 to 40,000 and it will settle around there. It might go under 30, but I don't think it will.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[7:27] I think that Bitcoin is uh not done going down, I'm afraid. And typically these corrections of Bitcoin are in the 75 to 80% range. So if you just take 125 and you go down uh you know 3/4 of that, what does that put you? Somewhere around uh 30 35. So I absolutely expect Bitcoin to be below 50.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:22] The next downside target for Bitcoin is $44. Sorry, $44,000. That will break this low from back in 2024. It will be a big cleanse. It's about another 17, I think, percent haircut

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[24:09] I I would say Bitcoin has the most downside potential. If we if we take a look at the the Bitcoin monthly chart, this chart is pointing to a very significant drop... The downside move, this sell-off, and this bounce is pointing to 16,000, which comes back down to a previous low in 2022. So, I think that has the most percentage- wise from where we are right now. I mean, we're looking at another 72% haircut from where it was.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[21:43] Bitcoin is a is a very good barometer of US liquidity conditions. It tends to react very closely to the fact global liquidity, predominantly Fed liquidity. So, if Fed liquidity is slowing down, you'd expect uh Bitcoin to suffer, and it it it is suffering.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[18:34] if this breaks and confirms below this 60,000 level, we're headed to 50. That's the next big stop on this this track. So, um you know, I still, and I said this to you before, is even even though we're going to get bounces along the way, I still think Bitcoin is going down to at least 50 or 49. Maybe worst case is like 35.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[4:16] I I'd be a dip buyer here on that somewhere.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[34:31] I fully expect Bitcoin to be at par with gold, you know, in 15, 20 years, something like that in central bank reserves. And I think it'll be uh more widely held by um individual investors over that time.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[2:31] I think that you know the the the whole uh micro or strategy and uh the preferred I think that whole house of cards is in the process of collapsing you know in real time right right in front of us

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[14:18] You see it in certain areas like if you watch Bitcoin and and Mike Saylor at Strategy. He's kind of spiraling down. He was the only significant buyer of Bitcoin over the last few months and that's an indication that liquidity preferences and risk preferences are changing.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:51] until that kind of cools off a little bit, I think Bitcoin could be some pressured. But I think Bitcoin's fundamentals are still good and it's kind of in the bottom, you know, 10, 15% of its kind of historical... It's it's kind of near the lower end of a lot of its historical indicators.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:01] 100,000, yeah, 100,000 I see definitely and I think it could go to either 100 orund up to 120,000. But that I think was going to be the top in that range.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:34] If you said to me when Bitcoin was 126, in fact, I had conversations with my partners, uh, everyone was thumping on their chest, we're at 126, we're right, everyone else is wrong. I said, 'Yeah, you know, we're right, but we're probably going to see a 40 to 50% correction on the way to 250,000. I don't think we go from 126 to 250.'

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[34:44] I don't think there's a thesis break. I have been buying Bitcoin here uh for myself and for our investors and so I like it long term.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[24:38] I think the next key supports around 50,000. I doubt it stays above 80. I think it's going to 10. That's Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[26:33] We do. We think kind of you there's a lot of different frameworks to look at Bitcoin. You can kind of look at the hash rate and the mining economics and the halving cycle, the stock to flow, but I think all of the reasons that you want to own real-world assets also has a very similar thesis that applies to blockchain and Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[3:15] If you cannot see the opportunity at 60, then please don't buy it at 250 or 300K because it's going to correct back down. And we're going to you and I will have the same conversation, but Bitcoin will be at 150K, not 60K

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[19:45] in spite of recent price behavior in Bitcoin, gold, and silver, you know, I'm still massively bullish on all three of these things. And, and we're just in kind of one of those periods where they they got ahead of themselves last year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:08] we dropped to 60,000, had a rally, we're back to 60,000. That's more than a 50% drop. I think we're going to 30,000.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[18:08] technically, it looks like it wants to go find a new low at the moment. It may rally from here, but uh the NASDAQ and Bitcoin have a strong correlation.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:43:11] Don't forget I'll also point to Bitcoin. We've been short Bitcoin and Ethereum quite a bit and it's been paying incredibly well... The mystique on uh Bitcoin is certainly not very strong at the moment. And it seems to be uh bearing facing quite a bit of a brunt of uh people lightening up on the high beta tech space to get some IPO action.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[9:08] a lot of the crypto investors uh basically throw in the towel on that and realize they kind of got suckered into a into a pyramid Ponzi type scheme and that Bitcoin isn't actually digital gold and so you're going to see a rush uh to get into the real thing.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[15:48] if you want to look at a uh barometer for liquidity, keep watching Bitcoin. Bitcoin peaked in October of uh last year. Bitcoin is trying to rally, but it looks like it may have stalled out. So, watch Bit- Bitcoin will lead the any equity correction.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[27:57] metals look very much like cryptos last year. Now if you mentioned something the crypto bearish the crypto people last year they looked at me like three heads and since you know Bitcoin's dropped what almost 50% from the peak um not just one now that's just how things work

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:01] I know my personal opinion on Bitcoin is that it's going to go to zero.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[18:25] I do feel that there's two things that are happening that are helping Bitcoin being a at least a few months slash small bull run right now.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:12] I'd buy Bitcoin uh or Bitcoin related stocks here. I know it's just recently come from a low and popped back up... to me that looks fairly bullish as it breaks out of consolidation.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[6:22] I expect we'll be a net buyer of uh Bitcoin in every month and every quarter going on forever.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[1:17] We expect Bitcoin to appreciate about 30% a year. it's been appreciating almost 40% a year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[3:29] I have no change in uh the u progress to a million dollar Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[15:47] I don't think right now the only thing that's changed since February is I don't think we're going to probably go below 40. I think that the buying of STRC um is really provide and the ETFs has really been providing a little bit of a of a cushion to mean that we don't drop quite as low.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[16:27] I think we'll still get down a bit below 60, but it wouldn't surprise me if it, you know, goes down to like somewhere between say 48 and 55, maybe even 57. As long as it goes below that sort of like 60k mark in February and touches the 200E moving average, then I feel like the cycle is still intact.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[18:46] Are you suggesting that in the future governments will settle in Bitcoin? Absolutely.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[27:39] I think in another year, this is not going to be an issue because not because we're going to have quantum computers, but because we're going to put in prevention mechanism, I'm sorry, defensive mechanism for it.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[19:10] So, I think maybe you want to take a shot there and reload on some of the crypto given you know, again, I thought it was interesting Iran actually talked about when they were talking about getting their $2 million payments about getting it paid in crypto.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[34:56] my personal view. I don't think that it's going straight to a million from here. Um that's just my view.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[30:58] I think the Bitcoin will work. By the way, I think it'll go to a quarter million just just to put that out there. I think that's one thing you can think about. And if you had 2% Bitcoin and went to a quarter million, you you'd have 8% of your wealth in Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[4:26] And uh I think it's going to go down between 40 and 55.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[3:49] that I believe is still coming in roughly October, one year after the bubble popped

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:35] And I expect that that's going to happen despite diminishing returns um for at least the next 20 years because we only have 4% of the world that has exposure to Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[12:04] I am bullish now on Bitcoin as we've gotten some signals here. I'm looking for a move up to potentially 80,000 maybe 85,000

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[4:45] I'm in the camp that the current one will probably end up being around a 70% drop, maybe plus or minus 4 to 5%.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[29:32] it usually always ends with a total um uh panic sell off at the end of a crypto winter. We haven't seen that yet.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[12:04] You just buy Bitcoin, you wait five years, and you look back five years later and all of this stuff is noise.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[25:42] we may be getting few more months of sideways or downward action

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[24:25] So what I think is going to happen is that you know we're going to have Bitcoin down to around $40,000 within due course.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[20:24] we still might see another couple green bars for Bitcoin, uh, because I think it's going to follow the stock market, but I do feel like things are going to fizzle out and we're probably going to see it head lower.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:02] I think Bitcoin is going to go to 200 to at least 200 to 250,000.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[10:53] I'm unbelievably bullish on Bitcoin here... you look at a scenario where we could be seeing a big relief rally all the way up to 80 to 85,000.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[12:15] I actually still think Bitcoin is going to eventually go lower... probably sub 50,000 down the line.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[32:14] I think it's probably closer to 50,000. So, I will be looking to take profit on my short Bitcoin position probably around 55.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:16] Bitcoin's going to go into a Bitcoin winter for I can't tell you how long, but nonetheless, here we are. It's finally done it. We're finally doing it.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:16] I think it's incredibly unlikely that Bitcoin will outperform.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[36:24] I think it's probably, you know, if you if you check in two years from now, it's probably higher than it is now.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[27:36] I think people are going to start throwing in the towel on Bitcoin this year. I think you're going to see an onslaught of selling coming out of the ETFs.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[34:57] It probably bring us down into 65 $60,000 per Bitcoin based on this bare flag.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[1:04] I don't actually think it will go to 10,000, but I think it could go under 40 next year, and that'll be bad enough for a lot of people.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[14:03] Bitcoin ought to be at a minimum down to 30,000 by the end of 2026. And I'm projecting as low as 15,600, its 2022 low.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:01] I think Bitcoin the first stop is around 50,000. It would drop a zero. The first stop was around 50,000. I think it's going to 10,000.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[6:08] I think it's possible that that the Bitcoin bull market has ended. Um, whether or not it will go down to 10,000, 5,000, or 90,000 or 85,000, we really don't know. But the evidence is I may, you know, me my my my my distant relatives have been calling me about Bitcoin over the last few months whether they should buy it or whether they should buy any more. They already had some. So a relative might put $1,000 in Bitcoin. It's now it's worth $2,000 and she's all nervous. Should she get out of it or not? She should she buy more. So I think the public has been too involved in Bitcoin. Bitcoin is very sophisticated asset class. The fact that uh you know the the grandmothers all over the country and all over the world have been buying Bitcoin suggests that that it has the type of speculative fever that you see at market bubbles and whether or not this popped this looks like it's quite possible that it popped and it quite possibly won't see the highs for quite a while.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[21:20] I think you could get a bounce up to 95,000, which is, you know, $7,000 move from here. So, you're looking at 6 7 8% potential gain.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[35:24] I think it'll probably take time to to consolidate it at best um and before it it you know crypto does well again. I think they've kind of had their run for now.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[21:36] But the level you're looking for Bitcoin, and this is where I will add quite a bit of my exposure here, is what we're going to do is we're going to look at, let me see here, right in here. There's a big area of support around 70 to 3 to 75,000 right here.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[37:36] the biggest mistake anybody could have at this point in time is owning Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[3:14] you should be happy that gold's going up because it means Bitcoin's about to go up next. That's the pattern.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:19] I think Bitcoin's at risk of losing a zero, dropping 90%, the whole rest of the space dropping 95, mostly maybe 99%.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[30:14] And we're seeing it at a topping phase of the cycle right now. And again down here we see this is a proprietary uh momentum indicator. It's called the cyclic RSI. And we can see that we have a series of descending uh tops in momentum while we have an ascending series of prices. So this is a classic momentum divergence situation and um and the cycle is uh just past its peak. So on a weekly basis, uh, I'd say that's of concern.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[4:26] I would not expect new all-time highs. I mean, at least for the rest of September.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[19:50] I still have a 136,000 upside target for Bitcoin

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[36:45] 90. I think 90. And I think that's solely on that I love Bitcoin longer term and do think it's going to 150. But I do think also it if we get in a heavy selloff in the markets, which looks like we're close to, then I would be looking for a risk off in Bitcoin near-term and a pull back into the '9s, maybe even that 87 80 88 level we were just talking about on the chart.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[30:56] I like Bitcoin right now and I'm not a Bitcoiner by any sense like I say I barely know what Bitcoin is but uh as an asset um I think Bitcoin's a good player on the long side.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[38:45] I think the stock market is going to try to push a little bit higher and I think Bitcoin is going to go higher with it and um, yeah, you still want to be long Bitcoin.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[28:15] Bitcoin

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:53] Our prediction is that Bitcoin is going to eclipse get over $200,000 by the end of the year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:07] I think you're going to see 10 maybe more governments around the world make their first allocation to Bitcoin this year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[21:27] 135 is the next upside move

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:21] when we look at the the monthly chart of Bitcoin, it is pointing to $135 an ounce to the upside.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[31:21] So g back down to 10,000 is still I think the major risk potential for Bitcoin if it can stay above these levels for just a couple more weeks. I might have to kill that view.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[35:25] I think it's going through a major topping formation and it's not a place where I suggest to any of my clients to have any real assets in.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[30:03] I do I do believe my next kind of downside target is about 72,000

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[22:02] This here, this 70 to 74,000 range, which was the previous highs. This is the major technical support I expect to be tagged on Bitcoin probably over the next couple weeks, if not sooner.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[29:25] I was just talking with um some uh traders earlier. Uh the next level is about 72,000. And um you know that's a pretty good haircut from where we are. And if Bitcoin is it falls down to this level about 15% it probably means the stock market the NASDAQ is selling down as well.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[28:25] I think 75,000 is the next downside Target just based on this this little move

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.