WTF HAPPENED TO BITCOIN!!!!!!!?

The podcast discusses the recent decline in the Bitcoin price and analyzes its potential future trajectory, considering bearish divergences and CME gaps. The speakers also explore the upcoming altcoin season, predicting a significant increase in altcoin prices when Bitcoin reaches its peak, with specific examples of coins that have yet to experience major gains.

Bitcoin Price Analysis

• 00:01:07 The speakers discuss a bearish divergence in the RSI chart, indicating a potential sideways or downward trend for Bitcoin. There is a possibility of a flash crash to fill the CME Gap at 78k, which would represent a 14-20% correction, a typical occurrence in bull markets. However, buying Bitcoin at 79k and waiting for a potential rise is considered a better strategy than shorting it.

Altcoin Season Prediction

• 00:18:41 The hosts believe the altcoin season is yet to begin, as Bitcoin dominance remains high at 58%. They anticipate the altcoin season to start when Bitcoin peaks at around 180k-200k, possibly in March/April/May or September of 2025, leading to a significant drop in Bitcoin dominance to around 40%. During this period, altcoins are expected to experience dramatic price increases, particularly micro-caps.

Meme Coins vs. Bitcoin

• 00:10:01 The podcast discusses the current popularity of meme coins, noting their appeal to Gen Z and millennials seeking quick profits during an economic downturn. However, the hosts emphasize that a more reliable path to wealth in crypto is through consistent Bitcoin purchases, citing an average 10-year appreciation of 59%. They suggest that memecoins are viable for short-term gains during bull markets but carry inherent risks.

Cryptocurrency Exchange Usage

• 00:14:28 The importance of understanding how to use a cryptocurrency exchange is highlighted. The podcast promotes the use of bitflex, a platform that offers features like long and short positions, hedging, and a tutorial to learn how to use it. It is considered a valuable skill for anyone involved in the crypto market.

Gold as a Hedge

• 00:39:51 While Bitcoin is the primary focus, the speakers suggest that it might be prudent to diversify into gold as a hedge against future Bitcoin bear markets. Gold is expected to perform well over the next 20-30 years, potentially providing opportunities to exchange it back to Bitcoin during a future downturn. The tangibility and psychological comfort of holding physical gold are also mentioned.