Bitcoin Breaks $20,000 (And What Comes Next)
Where to store your Bitcoin safely:
https://www.youtube.com/watch?v=rTIl7TKEowg&ab_channel=TraderUniversity
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity
Join the Trader University email list:
https://www.trader.university/email-list
In this video, I discuss Bitcoin breaking below $20,000, as well as examine Bitcoin fundamentals to see if they are still relevant to Bitcoin as a long-term investment.
As we enter the capitulation phase with Bitcoin selling off, nothing has changed. There is panic selling and forced liquidations, but Bitcoin is anti-fragile and robust and will survive. Many other cryptocurrencies will not.
Bitcoin is still the only viable non-governmental money. It's permission-less, censorship resistant, secure, decentralized, and cannot be debased.
Not investment advice! Consult a financial advisor.
Is BlockFi About To Implode?
https://www.youtube.com/watch?v=SFow3o6EkRw&ab_channel=TraderUniversity
Three Arrows Capital liquidating:
https://www.coindesk.com/business/2022/06/17/three-arrows-capital-confirms-heavy-losses-from-lunas-collapse-exploring-potential-options-report/
CPI chart:
https://fred.stlouisfed.org/series/CPIAUCSL
What it's actually like to hodl:
https://coinmotion.com/wp-content/uploads/2020/04/hodling-1.jpeg
Bitcoiners are religious zealots:
https://bitcoinist.com/this-is-why-druckenmiller-and-tudor-jones-changed-their-mind-on-bitcoin/
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
#cryptocurrency
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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