Why Is Bitcoin Lagging Stocks?

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐀𝐍𝐃 𝐂𝐎𝐈𝐍𝐉𝐎𝐈𝐍:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss reasons why Bitcoin has under-performed stocks this past week, in spite of a much cooler CPI number.

Bitcoin's price is currently being driven by massive forced selling and contagion caused by FTX's collapse.

It is important to understand that none of this changes Bitcoin's fundamental attributes or bright future.

Bitcoin remains the only money in the world that was not issued by a government or corporation. Bitcoin is a bearer asset, with zero counter-party risk if you hold it on a hardware wallet.

By contrast, the crypto ecosystem is imploding, and even Ethereum stalwarts like Bankless are deleting their .eth markers and openly admitting that the ground is falling out below them.

By contrast, Bitcoin has a much stronger social layer, composed of what Stanley Druckenmiller called "religious zealots" who continue to buy and hodl.

Bitcoin is not crypto. Bitcoin is not fiat. Only Bitcoin has a bright future.

Not investment advice! Consult a financial advisor.

Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity

The stock market liked the CPI number:
https://www.cnbc.com/2022/11/10/consumer-prices-rose-0point4percent-in-october-less-than-expected-as-inflation-eases.html

Markets pricing in 50 bps hike in December from Fed:
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html

Crypto Confidence Soars After CEO Defrauds Customers Just Like Real Bank:
https://www.theonion.com/crypto-confidence-soars-after-ceo-defrauds-customers-ju-1849773647

FTX wrapped tokens now worthless:
https://www.theblock.co/post/186326/wrapped-tokens-issued-by-ftx-or-alameda-collapsing-no-longer-redeemable

Ethereum has a weak social layer:
https://twitter.com/TrustlessState/status/1590820666080886784

Bitcoiners are religious zealots:
https://thehustle.co/stanley-druckenmiller-q-and-a-trung-phanin/

FTX Faces Potential Hack, Sees Mysterious Outflows Totaling More than $600M:
https://www.coindesk.com/business/2022/11/12/ftx-crypto-wallets-see-mysterious-late-night-outflows-totalling-more-than-380m/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#stocks
#crypto

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