1 00:00:00,133 --> 00:00:02,266 you know with all this bitcoin buzz lately 2 00:00:02,266 --> 00:00:03,400 especially since 3 00:00:03,933 --> 00:00:04,266 you know 4 00:00:04,266 --> 00:00:08,266 we shifted from quantitative tightening to easing right 5 00:00:08,266 --> 00:00:10,866 it's easy to get lost in the noise definitely 6 00:00:10,866 --> 00:00:14,500 so today we're gonna dive deep into your notes okay 7 00:00:14,500 --> 00:00:16,133 and the research paper you shared 8 00:00:16,133 --> 00:00:18,666 navigating Bitcoin's short term price movements 9 00:00:18,666 --> 00:00:21,433 that's good and our mission today is to 10 00:00:21,566 --> 00:00:23,366 really equip you with the knowledge 11 00:00:23,366 --> 00:00:25,200 to cut through all the hype 12 00:00:25,266 --> 00:00:25,933 cut through the hot 13 00:00:25,933 --> 00:00:28,333 and understand what's really driving 14 00:00:28,333 --> 00:00:30,000 Bitcoin's price action right 15 00:00:30,000 --> 00:00:31,766 both now and in the future 16 00:00:31,766 --> 00:00:33,700 yeah we're even gonna tackle some of those 17 00:00:33,700 --> 00:00:35,900 intriguing questions from your notes 18 00:00:35,900 --> 00:00:39,700 all right like how political events impact Bitcoin 19 00:00:39,866 --> 00:00:43,600 and why Bitcoin dominance should be on your radar 20 00:00:43,933 --> 00:00:44,966 I like it I think 21 00:00:44,966 --> 00:00:47,133 one of the most fascinating things about Bitcoin 22 00:00:47,133 --> 00:00:48,166 is that you know 23 00:00:48,166 --> 00:00:49,866 beneath the surface volatility 24 00:00:49,866 --> 00:00:52,133 there are actually recurring patterns yeah 25 00:00:52,133 --> 00:00:53,900 especially when you zoom out 26 00:00:53,900 --> 00:00:55,666 and look at the historical data 27 00:00:55,666 --> 00:00:57,133 for sure it's like clockwork 28 00:00:57,133 --> 00:00:58,566 yeah it's pretty amazing 29 00:00:58,566 --> 00:01:01,000 everyone talks about these four year cycles 30 00:01:01,000 --> 00:01:01,600 yeah 31 00:01:01,600 --> 00:01:05,400 but can we really predict what Bitcoin is going to do 32 00:01:05,666 --> 00:01:07,900 based on some calendar cycle 33 00:01:07,900 --> 00:01:10,533 well not exactly predicting the future okay 34 00:01:10,533 --> 00:01:13,766 but understanding the phases within these cycles right 35 00:01:13,766 --> 00:01:15,366 can definitely give you an edge 36 00:01:15,500 --> 00:01:17,800 they give it like the seasons of the year okay 37 00:01:17,800 --> 00:01:18,866 you know winter's coming 38 00:01:18,866 --> 00:01:20,700 even if you don't know the exact date 39 00:01:20,700 --> 00:01:23,100 yeah the first snowflake will fall okay 40 00:01:23,100 --> 00:01:24,566 I like that analogy yeah 41 00:01:24,566 --> 00:01:26,966 so walk me through these bitcoin seasons yeah 42 00:01:26,966 --> 00:01:28,166 what are we looking at here 43 00:01:28,166 --> 00:01:30,133 so after a correction okay 44 00:01:30,133 --> 00:01:32,066 we enter the accumulation phase 45 00:01:32,066 --> 00:01:33,166 accumulation phase yeah 46 00:01:33,166 --> 00:01:36,133 things are quiet prices are relatively low 47 00:01:36,133 --> 00:01:39,500 okay and savvy investors start accumulating Bitcoin 48 00:01:39,500 --> 00:01:41,966 okay this is like the planting season yeah 49 00:01:41,966 --> 00:01:44,500 you know where the seas for the next bull runner zone 50 00:01:44,533 --> 00:01:47,166 this is the time to be greedy when others are fearful 51 00:01:47,166 --> 00:01:48,600 right exactly okay 52 00:01:48,600 --> 00:01:50,066 then comes the markup face 53 00:01:50,066 --> 00:01:51,700 markup face right 54 00:01:52,066 --> 00:01:53,833 where excitement bills 55 00:01:53,900 --> 00:01:56,600 demand increases and prices climb 56 00:01:56,600 --> 00:01:57,800 yeah FOMO kicks in 57 00:01:57,800 --> 00:01:59,266 everyone's talking about it yeah 58 00:01:59,266 --> 00:02:01,500 fear of missing out yep FOMO 59 00:02:01,533 --> 00:02:03,766 that's right things can get a bit wild 60 00:02:03,766 --> 00:02:04,766 definitely a little crazy 61 00:02:04,766 --> 00:02:07,200 so this is our Bitcoin spring 62 00:02:07,700 --> 00:02:08,666 that's a good way to put it 63 00:02:08,666 --> 00:02:10,166 full of growth and potential 64 00:02:10,166 --> 00:02:13,400 lots of potential but what happens when summer ends 65 00:02:13,400 --> 00:02:15,366 right and the leaves start to fall 66 00:02:15,366 --> 00:02:17,466 that's when we hit the distribution phase 67 00:02:17,466 --> 00:02:18,733 distribution phase yeah 68 00:02:18,733 --> 00:02:20,700 okay market peaks early 69 00:02:20,700 --> 00:02:22,933 investors start taking profits okay 70 00:02:22,933 --> 00:02:25,033 things plateau all right 71 00:02:25,266 --> 00:02:28,400 this is like autumn a time of harvest and consolidation 72 00:02:28,400 --> 00:02:31,300 so we enjoy the fruits of our labor yeah 73 00:02:31,300 --> 00:02:33,533 but also prepare for the coming winter 74 00:02:33,533 --> 00:02:36,900 exactly and winter arrives with the markdown phase 75 00:02:36,900 --> 00:02:38,866 yes this is the correction 76 00:02:39,133 --> 00:02:42,400 prices decline some people panic sell 77 00:02:43,000 --> 00:02:45,333 it happens and the cycle begins anew 78 00:02:45,333 --> 00:02:46,766 the cycle continues okay 79 00:02:46,766 --> 00:02:49,666 so understanding where we are in this four year cycle 80 00:02:49,666 --> 00:02:51,000 can give us a roadmap yeah 81 00:02:51,000 --> 00:02:54,566 even if we can't pinpoint the exact turns but you know 82 00:02:54,566 --> 00:02:55,900 there's another force at play here 83 00:02:55,900 --> 00:02:58,666 that can feel a bit like a financial roller coaster 84 00:02:58,666 --> 00:03:01,500 yeah quantitative tightening and easing 85 00:03:01,500 --> 00:03:02,966 hmm to be honest 86 00:03:02,966 --> 00:03:04,900 these terms make my head spin a little 87 00:03:04,900 --> 00:03:05,966 I hear you it's like okay 88 00:03:05,966 --> 00:03:07,466 what does this mean for Bitcoin 89 00:03:07,466 --> 00:03:10,166 yeah it's easy to get lost in the jargon right 90 00:03:10,333 --> 00:03:11,766 but grasping 91 00:03:12,000 --> 00:03:15,700 how these monetary policies impact bitcoin is crucial 92 00:03:15,766 --> 00:03:18,766 okay think of quantitative tightening or QT 93 00:03:19,266 --> 00:03:21,533 like hitting the brakes on the economy 94 00:03:21,533 --> 00:03:24,800 hitting the brakes the Fed reduces liquidity 95 00:03:24,800 --> 00:03:27,100 less money flown around less money flown around 96 00:03:27,100 --> 00:03:27,533 okay 97 00:03:27,533 --> 00:03:30,533 and investors tend to move away from riskier assets 98 00:03:30,533 --> 00:03:33,366 like Bitcoin towards safehavens 99 00:03:33,366 --> 00:03:35,466 like bonds or even cash 100 00:03:35,466 --> 00:03:38,266 so during QT bitcoin takes a hit 101 00:03:38,266 --> 00:03:41,566 yeah while these so called safehavens get a boost 102 00:03:41,566 --> 00:03:43,533 it's like a rotation interesting 103 00:03:43,533 --> 00:03:45,600 and what's interesting is that altcoins okay 104 00:03:45,600 --> 00:03:45,733 you know 105 00:03:45,733 --> 00:03:47,933 those other cryptocurrencies other than Bitcoin right 106 00:03:47,933 --> 00:03:50,200 right they usually suffer even more during QT 107 00:03:50,200 --> 00:03:50,866 oh really 108 00:03:50,866 --> 00:03:53,400 yeah their value drops faster compared to Bitcoin 109 00:03:53,400 --> 00:03:55,700 wow and we say they bleed against bitcoin 110 00:03:55,766 --> 00:03:57,700 bleed against bitcoin yeah 111 00:03:57,700 --> 00:03:59,266 this is a key reason 112 00:03:59,266 --> 00:04:02,800 why many investors favor a bitcoin heavy portfolio 113 00:04:02,966 --> 00:04:04,700 during times of tightening 114 00:04:04,966 --> 00:04:07,566 so QT is like a crypto winter 115 00:04:07,666 --> 00:04:08,666 yeah you could say that 116 00:04:08,666 --> 00:04:11,133 and Bitcoin is the warmest coat you can find 117 00:04:11,133 --> 00:04:12,366 I like that analogy 118 00:04:12,366 --> 00:04:14,866 but what about quantitative easing or Q E right 119 00:04:14,866 --> 00:04:16,166 is that the thought exactly 120 00:04:16,166 --> 00:04:18,566 Q E is like stepping on the gas okay 121 00:04:18,566 --> 00:04:20,600 the Fed pumps money into the economy 122 00:04:20,966 --> 00:04:22,966 increasing liquidity more money flowing 123 00:04:22,966 --> 00:04:24,333 more money flowing okay 124 00:04:24,333 --> 00:04:26,866 and encouraging investment in riskier assets 125 00:04:26,866 --> 00:04:29,133 including bitcoin including bitcoin 126 00:04:29,133 --> 00:04:31,900 so Q E is party time let's not get ahead of ourselves 127 00:04:31,900 --> 00:04:34,266 okay the market always throws curveballs right 128 00:04:34,566 --> 00:04:37,866 but we did just see the Fed cut rates okay 129 00:04:37,866 --> 00:04:39,266 and we're already seeing large cap 130 00:04:39,266 --> 00:04:41,633 socks and gold rising uh huh 131 00:04:41,800 --> 00:04:44,766 this could indicate a shift towards a risk on 132 00:04:44,766 --> 00:04:45,766 environment yeah 133 00:04:45,766 --> 00:04:47,900 which typically benefits Bitcoin 134 00:04:48,066 --> 00:04:49,966 okay I'm starting to see the pattern here 135 00:04:49,966 --> 00:04:51,800 yeah it's four year cycles 136 00:04:52,100 --> 00:04:55,700 QT and Q E acting like this economic weather 137 00:04:55,800 --> 00:04:58,166 but how do things like elections 138 00:04:58,166 --> 00:05:01,066 and global events fit into all of this 139 00:05:01,300 --> 00:05:02,766 that's where it gets really interesting okay 140 00:05:02,766 --> 00:05:05,066 your notes mention the Trump trade and the Harris trade 141 00:05:05,066 --> 00:05:05,766 right 142 00:05:05,766 --> 00:05:08,900 these are perfect examples of how political events 143 00:05:09,733 --> 00:05:12,600 even those seemingly unrelated to crypto 144 00:05:12,866 --> 00:05:15,600 can send ripples through the Bitcoin market 145 00:05:15,600 --> 00:05:17,100 I'm all yours break it down 146 00:05:17,100 --> 00:05:19,566 okay let's start with the Trump trade okay 147 00:05:19,600 --> 00:05:22,100 what was that all about and how did it impact bitcoin 148 00:05:22,100 --> 00:05:24,800 so after Trump's election in 2016 149 00:05:24,800 --> 00:05:26,900 okay we saw a market surge 150 00:05:27,166 --> 00:05:30,100 fueled by expectations of tax cuts and d regulations 151 00:05:30,100 --> 00:05:33,266 okay so the overall positive sentiment in the market 152 00:05:33,266 --> 00:05:36,266 driven by those policies spilled over into crypto 153 00:05:36,266 --> 00:05:38,266 even though crypto wasn't directly involved 154 00:05:38,266 --> 00:05:40,533 exactly investors were feeling more confident 155 00:05:40,533 --> 00:05:42,700 okay and taking on more risk right 156 00:05:42,800 --> 00:05:44,733 which benefited assets like Bitcoin 157 00:05:44,733 --> 00:05:45,900 interesting plus 158 00:05:45,900 --> 00:05:47,500 the Trump trade also LED to 159 00:05:47,500 --> 00:05:49,300 an expansion of global liquidity 160 00:05:49,300 --> 00:05:51,800 OK as policies aimed at economic growth 161 00:05:51,800 --> 00:05:53,500 encouraged investment right 162 00:05:53,600 --> 00:05:55,300 this surplus liquidity 163 00:05:55,300 --> 00:05:57,333 further fueled the rise of Bitcoin 164 00:05:57,333 --> 00:06:00,133 so a rising tide lifts all boats 165 00:06:00,133 --> 00:06:02,333 even the Bitcoin boat I like that 166 00:06:02,333 --> 00:06:05,600 but it's not always smooth sailing right right 167 00:06:05,600 --> 00:06:07,300 what about this Harris trade 168 00:06:07,300 --> 00:06:09,266 how does that factor in so 169 00:06:09,266 --> 00:06:10,866 the Harris trade refers to 170 00:06:10,866 --> 00:06:13,500 how investors are positioning themselves okay 171 00:06:13,500 --> 00:06:15,066 in anticipation of policies 172 00:06:15,066 --> 00:06:16,566 associated with Vice President 173 00:06:16,566 --> 00:06:19,200 Kamala Harris particularly 174 00:06:19,400 --> 00:06:21,300 her focus on social infrastructure 175 00:06:21,300 --> 00:06:23,400 and sustainable initiatives okay 176 00:06:23,533 --> 00:06:26,000 these policies while important 177 00:06:26,100 --> 00:06:27,866 could potentially lead to higher 178 00:06:27,866 --> 00:06:31,000 long term interest rates and higher interest rates mean 179 00:06:31,000 --> 00:06:33,000 less investment in riskier assets 180 00:06:33,000 --> 00:06:34,366 like bitcoin yeah 181 00:06:34,600 --> 00:06:36,600 if investors can get decent returns 182 00:06:36,600 --> 00:06:39,166 from safer investments like bonds right 183 00:06:39,166 --> 00:06:41,266 they might be less inclined to put their money into a 184 00:06:41,266 --> 00:06:42,100 volatile market 185 00:06:42,100 --> 00:06:44,233 like crypto it's a domino effect 186 00:06:44,333 --> 00:06:46,400 yeah politics influences interest rates 187 00:06:46,400 --> 00:06:48,100 which in turn influence bitcoin 188 00:06:48,100 --> 00:06:49,300 exactly it's all connected 189 00:06:49,300 --> 00:06:50,566 it's all connected yeah 190 00:06:50,566 --> 00:06:52,066 speaking of interconnectedness 191 00:06:52,066 --> 00:06:53,000 the research you sent 192 00:06:53,000 --> 00:06:55,533 points to a surprising connection between Bitcoin 193 00:06:55,533 --> 00:06:57,200 and the US labor market right 194 00:06:57,200 --> 00:06:59,000 specifically the unemployment rate 195 00:06:59,000 --> 00:07:01,166 that's right it might seem counterintuitive 196 00:07:01,166 --> 00:07:04,000 yeah but the research shows a clear correlation 197 00:07:04,000 --> 00:07:06,966 yeah every time bitcoin has failed to break through 198 00:07:06,966 --> 00:07:08,366 a certain price trend line 199 00:07:08,366 --> 00:07:11,866 hmm it's coincided with a rising unemployment rate 200 00:07:11,866 --> 00:07:14,433 hold on so if more people are out of work 201 00:07:15,933 --> 00:07:18,300 bitcoin goes down that's the trend we've seen 202 00:07:18,300 --> 00:07:21,533 why would that be it all comes back to risk okay 203 00:07:21,533 --> 00:07:24,266 when the economy weakens and unemployment rises 204 00:07:24,700 --> 00:07:28,400 investors get nervous and pull back from risky assets 205 00:07:28,400 --> 00:07:30,266 like bitcoin they get scared 206 00:07:30,500 --> 00:07:30,900 yeah 207 00:07:30,900 --> 00:07:33,366 and move towards those safe havens we discussed earlier 208 00:07:33,366 --> 00:07:34,700 towards bonds towards bonds 209 00:07:34,700 --> 00:07:35,566 gold things like that 210 00:07:35,566 --> 00:07:38,200 got it this explains why we've seen 211 00:07:38,200 --> 00:07:40,400 bitcoins struggle to break through 212 00:07:40,400 --> 00:07:41,700 certain price levels like 213 00:07:41,700 --> 00:07:45,133 uh huh even while the SMP 500 keeps climbing 214 00:07:45,133 --> 00:07:48,566 so even though the stock market might seem strong yeah 215 00:07:48,566 --> 00:07:50,100 Bitcoin is picking up on these 216 00:07:50,100 --> 00:07:53,133 subtle signals of potential economic trouble 217 00:07:53,133 --> 00:07:55,066 yeah it's further out on the risk curve 218 00:07:55,066 --> 00:07:56,333 through the unemployment rate 219 00:07:56,333 --> 00:07:57,300 that's right interesting 220 00:07:57,300 --> 00:07:59,166 so the unemployment rate is kind of lay arc 221 00:07:59,166 --> 00:08:00,466 canary in the coal mine 222 00:08:01,100 --> 00:08:02,100 yeah you could say that 223 00:08:02,100 --> 00:08:03,800 it's a key indicator to watch 224 00:08:03,800 --> 00:08:06,766 very important to watch speaking of big picture trends 225 00:08:06,766 --> 00:08:09,266 there's one more piece I'm curious about okay 226 00:08:09,300 --> 00:08:11,166 bitcoin dominance yeah 227 00:08:11,166 --> 00:08:14,000 what exactly is that and why should I care 228 00:08:14,000 --> 00:08:16,500 so bitcoin dominance measures 229 00:08:16,500 --> 00:08:18,500 how much of the total cryptocurrency 230 00:08:18,500 --> 00:08:20,766 market is made up of bitcoin okay 231 00:08:20,766 --> 00:08:23,633 it's a way to gauge bitcoin strength 232 00:08:23,733 --> 00:08:25,933 relative to all the other cryptocurrencies out there 233 00:08:25,933 --> 00:08:28,166 so a high bitcoin dominance means 234 00:08:28,166 --> 00:08:29,733 bitcoin is king of the hill 235 00:08:29,733 --> 00:08:30,900 pretty much okay 236 00:08:30,900 --> 00:08:34,366 but how does that translate into actionable insights 237 00:08:34,366 --> 00:08:37,266 for me as an investor historically 238 00:08:37,533 --> 00:08:40,633 maintaining a portfolio that's heavier on bitcoin 239 00:08:40,700 --> 00:08:42,666 has been a successful strategy okay 240 00:08:42,666 --> 00:08:45,200 particularly during those QT periods we talked about 241 00:08:45,200 --> 00:08:47,766 right where alt coins tend to underperform exactly 242 00:08:47,766 --> 00:08:49,333 they bleed against bitcoin yeah 243 00:08:49,333 --> 00:08:51,100 so when the going gets tough 244 00:08:51,466 --> 00:08:53,266 sticking with Bitcoin is the way to go 245 00:08:53,266 --> 00:08:53,800 makes sense 246 00:08:53,800 --> 00:08:56,200 and here's where it gets even more interesting okay 247 00:08:56,333 --> 00:08:57,566 the research suggests that 248 00:08:57,566 --> 00:08:59,733 Bitcoin dominance tends to peak 249 00:08:59,733 --> 00:09:03,100 while Bitcoin is trading above its 20 week SMA okay 250 00:09:03,100 --> 00:09:03,800 which is a 251 00:09:03,800 --> 00:09:06,500 technical indicator called the Simple Moving Average 252 00:09:06,500 --> 00:09:08,300 it's like a moving average of the price over 253 00:09:08,300 --> 00:09:09,800 the past 20 weeks okay 254 00:09:09,800 --> 00:09:11,533 helping us see the bigger trend 255 00:09:11,533 --> 00:09:11,866 so 256 00:09:11,866 --> 00:09:15,133 we're not just looking at Bitcoin dominance on its own 257 00:09:15,133 --> 00:09:15,700 right 258 00:09:15,700 --> 00:09:18,133 we're also looking at how it relates to this 20 week 259 00:09:18,133 --> 00:09:19,333 SMA exactly 260 00:09:19,333 --> 00:09:21,166 it's like putting together the pieces of a puzzle 261 00:09:21,166 --> 00:09:22,766 got it and right now 262 00:09:22,766 --> 00:09:25,366 Bitcoin is trading above its 20 week SMA 263 00:09:25,666 --> 00:09:26,400 okay 264 00:09:26,400 --> 00:09:29,900 and its dominance is nearing a predictive target of 60% 265 00:09:29,900 --> 00:09:30,766 wow 266 00:09:31,533 --> 00:09:33,966 this could be a significant signal for investors 267 00:09:33,966 --> 00:09:36,500 okay I'm definitely adding Bitcoin dominance 268 00:09:36,500 --> 00:09:39,066 and 20 week SMA to my watchlist 269 00:09:39,066 --> 00:09:40,200 good idea so 270 00:09:40,200 --> 00:09:41,600 all signs point to 271 00:09:41,600 --> 00:09:43,766 Bitcoin being the king of the crypto castle 272 00:09:43,766 --> 00:09:45,966 yeah especially in these uncertain times 273 00:09:45,966 --> 00:09:47,266 it's been a good performer 274 00:09:47,400 --> 00:09:49,000 but how do we take all this knowledge 275 00:09:49,000 --> 00:09:51,333 and translate it into an action plan right 276 00:09:51,333 --> 00:09:53,466 how do we navigate this current cycle 277 00:09:53,466 --> 00:09:55,466 and make smart investment decisions 278 00:09:55,466 --> 00:09:57,666 that's the million dollar question right 279 00:09:57,666 --> 00:09:58,766 and thankfully 280 00:09:59,166 --> 00:10:01,500 your research offers some really practical guidance 281 00:10:01,500 --> 00:10:02,400 right lay it on me 282 00:10:02,400 --> 00:10:07,300 okay so it emphasizes avoiding emotional decisions 283 00:10:07,300 --> 00:10:09,766 okay especially based on FOMO 284 00:10:09,766 --> 00:10:12,666 you know it's easy to get swept up in the hype yeah 285 00:10:12,666 --> 00:10:15,000 but a level headed approach is key 286 00:10:15,000 --> 00:10:17,366 so no panic buying when 287 00:10:17,400 --> 00:10:19,966 everyone's shouting from the rooftops about Bitcoin 288 00:10:19,966 --> 00:10:21,900 going to the moon exactly 289 00:10:21,900 --> 00:10:24,166 instead consider dollar cost averaging 290 00:10:24,166 --> 00:10:26,066 dollar cost averaging what is that 291 00:10:26,066 --> 00:10:29,133 that means investing a set amount at regular intervals 292 00:10:29,133 --> 00:10:31,100 regardless of the price okay 293 00:10:31,100 --> 00:10:33,633 this helps you write out the volatility 294 00:10:33,900 --> 00:10:36,133 and takes the emotion out of the equation 295 00:10:36,133 --> 00:10:38,633 so dollar cost averaging got it yep 296 00:10:38,666 --> 00:10:41,700 what else think of yourself as an economic detective 297 00:10:41,700 --> 00:10:43,333 an economic detective 298 00:10:43,333 --> 00:10:47,633 keep an eye on key indicators like unemployment rates 299 00:10:47,700 --> 00:10:50,300 inflation and treasure yields okay 300 00:10:50,300 --> 00:10:51,000 they provide 301 00:10:51,000 --> 00:10:53,966 valuable clues about the overall health of the economy 302 00:10:53,966 --> 00:10:57,033 right which in turn influences the crypto market 303 00:10:57,466 --> 00:11:01,366 so stay informed and be ready to adapt our strategy 304 00:11:01,366 --> 00:11:02,600 precisely okay 305 00:11:02,600 --> 00:11:04,666 remember those political events we discussed 306 00:11:04,666 --> 00:11:08,066 yes stay up to date on policy changes okay 307 00:11:08,066 --> 00:11:11,000 especially those that could impact global liquidity 308 00:11:11,200 --> 00:11:14,166 like those potentially linked to the Harris trade right 309 00:11:14,166 --> 00:11:15,333 keep an eye on the news 310 00:11:15,333 --> 00:11:17,766 and understand the potential domino effects 311 00:11:17,766 --> 00:11:20,166 that's it so we're dollar cost averaging 312 00:11:20,166 --> 00:11:21,366 we're staying informed 313 00:11:21,366 --> 00:11:23,300 we're keeping those political and economic 314 00:11:23,300 --> 00:11:24,900 forces in mind yep 315 00:11:25,200 --> 00:11:27,500 what about the structure of our portfolio 316 00:11:27,966 --> 00:11:30,400 diversification is crucial 317 00:11:30,400 --> 00:11:34,066 diversification while Bitcoin plays a central role okay 318 00:11:34,066 --> 00:11:35,633 especially during times like QT 319 00:11:36,666 --> 00:11:37,166 spreading 320 00:11:37,166 --> 00:11:40,100 your investments across different asset classes is key 321 00:11:40,200 --> 00:11:40,666 so 322 00:11:40,666 --> 00:11:44,266 a diversified portfolio with a healthy dose of bitcoin 323 00:11:44,266 --> 00:11:47,166 yeah what other assets should we be considering 324 00:11:47,166 --> 00:11:48,800 large cap stocks yeah 325 00:11:49,166 --> 00:11:52,400 can provides stability during uncertain times okay 326 00:11:52,400 --> 00:11:52,933 they're like 327 00:11:52,933 --> 00:11:55,666 the reliable work horses of the investment world 328 00:11:56,066 --> 00:11:58,566 less volatile than smaller companies right 329 00:11:58,566 --> 00:12:00,100 and then there's gold gold 330 00:12:00,100 --> 00:12:02,500 the classic classic safe haven asset right 331 00:12:02,500 --> 00:12:05,366 it tends to holds value during periods of inflation 332 00:12:05,366 --> 00:12:06,633 or market turmoil 333 00:12:06,933 --> 00:12:09,833 think of it as your financial anchor in stormy seas 334 00:12:10,000 --> 00:12:12,566 stability this is safe haven right 335 00:12:12,566 --> 00:12:14,733 those sound like solid additions yeah 336 00:12:14,733 --> 00:12:17,166 what about something a bit more unconventional 337 00:12:17,166 --> 00:12:19,533 I know a lot of people are curious about alt coins 338 00:12:19,533 --> 00:12:20,966 alt coins yeah 339 00:12:20,966 --> 00:12:22,700 the Wild West of crypto right 340 00:12:22,700 --> 00:12:24,800 while Bitcoin is the undisputed king 341 00:12:24,800 --> 00:12:27,500 uh huh the old coin landscape is vast 342 00:12:27,500 --> 00:12:28,966 and full of possibilities 343 00:12:28,966 --> 00:12:31,333 uh huh it's like exploring a new frontier 344 00:12:31,333 --> 00:12:34,266 it is but with high risk comes high reward 345 00:12:34,266 --> 00:12:35,900 so how do we even begin 346 00:12:35,900 --> 00:12:38,400 to navigate this alt coin frontier 347 00:12:38,400 --> 00:12:39,900 yeah it can feel overwhelming 348 00:12:39,900 --> 00:12:41,366 it does absolutely 349 00:12:41,366 --> 00:12:43,000 it seems like there's a new project popping up 350 00:12:43,000 --> 00:12:44,466 every day there is 351 00:12:44,466 --> 00:12:46,300 it's hard to keep up yeah 352 00:12:46,300 --> 00:12:47,800 but a good place to start 353 00:12:47,933 --> 00:12:50,166 is by focusing on specific sectors 354 00:12:50,166 --> 00:12:52,566 okay within the crypto space right 355 00:12:52,566 --> 00:12:55,466 you mention mean coins AI coins 356 00:12:55,866 --> 00:12:57,033 gaming coins 357 00:12:57,866 --> 00:12:59,866 RWA coins and layer 1 coins in your notes 358 00:12:59,866 --> 00:13:02,733 I did each of these sectors has its own dynamics 359 00:13:02,733 --> 00:13:04,000 and potential okay 360 00:13:04,000 --> 00:13:05,600 so let's dive in right 361 00:13:05,666 --> 00:13:07,666 meme coins meme coins 362 00:13:07,666 --> 00:13:09,300 those are the ones with the funny dog logos right 363 00:13:09,300 --> 00:13:09,933 coffin yeah 364 00:13:09,933 --> 00:13:13,166 are they a serious investment or just a passing fad 365 00:13:13,266 --> 00:13:15,766 meme coins are an interesting phenomenon 366 00:13:15,766 --> 00:13:18,600 they are they often start as internet jokes or trends 367 00:13:18,600 --> 00:13:21,733 right but some have gained significant value yeah 368 00:13:21,733 --> 00:13:24,066 I've seen that driven by passionate communities 369 00:13:24,066 --> 00:13:25,933 so investing in internet culture 370 00:13:25,933 --> 00:13:28,900 is there any real substance behind those memes 371 00:13:29,300 --> 00:13:30,933 that's the crucial question right 372 00:13:30,933 --> 00:13:35,700 while some mean coins are purely speculative okay 373 00:13:35,700 --> 00:13:38,866 others are actually building platforms and utilities 374 00:13:39,066 --> 00:13:41,500 trying to leverage the power of their communities 375 00:13:41,533 --> 00:13:43,233 to create something valuable 376 00:13:43,366 --> 00:13:45,466 so even in the meme coin world 377 00:13:45,466 --> 00:13:47,766 it's about separating hype from substance 378 00:13:47,900 --> 00:13:49,833 exactly what about AI coins 379 00:13:50,400 --> 00:13:51,866 AI coins yeah 380 00:13:51,866 --> 00:13:53,200 those sound a bit more serious 381 00:13:53,200 --> 00:13:54,733 they are linked to projects 382 00:13:54,733 --> 00:13:56,466 using artificial intelligence 383 00:13:56,466 --> 00:14:00,233 okay to build innovative solutions in various fields 384 00:14:00,500 --> 00:14:03,000 ranging from finance to healthcare okay 385 00:14:03,000 --> 00:14:06,000 it's a rapidly evolving space with lots of potential 386 00:14:06,000 --> 00:14:07,133 investing in the future of tech 387 00:14:07,133 --> 00:14:09,266 that sounds promising it is promising 388 00:14:09,266 --> 00:14:10,966 but how can we tell which AI 389 00:14:10,966 --> 00:14:12,800 projects have real potential right 390 00:14:12,800 --> 00:14:15,866 and which are just writing the AI hype wave 391 00:14:15,866 --> 00:14:19,100 look for strong teams innovative use cases 392 00:14:19,100 --> 00:14:22,166 okay and a clear roadmap for development 393 00:14:22,366 --> 00:14:24,700 and as always thorough research is key 394 00:14:24,766 --> 00:14:26,733 research is key got it 395 00:14:26,733 --> 00:14:27,766 don't let the buzzwords 396 00:14:27,766 --> 00:14:29,500 distract you from the fundamentals 397 00:14:29,500 --> 00:14:31,933 what about gaming coins gaming coins 398 00:14:31,933 --> 00:14:33,800 they seem to be gaining a lot of traction yeah 399 00:14:33,800 --> 00:14:36,300 they're part of the exciting world of blockchain gaming 400 00:14:36,300 --> 00:14:37,566 blockchain gaming 401 00:14:37,566 --> 00:14:40,766 where players can own and trade in game assets 402 00:14:40,766 --> 00:14:41,600 oh wow 403 00:14:41,600 --> 00:14:44,100 potentially earning real world value 404 00:14:44,100 --> 00:14:45,966 so it's like combining the fun of 405 00:14:45,966 --> 00:14:48,866 gaming with the potential of investing 406 00:14:48,866 --> 00:14:49,866 yeah exactly 407 00:14:49,866 --> 00:14:52,500 are these gaming economies sustainable in the long run 408 00:14:52,500 --> 00:14:54,400 though that's the big question right 409 00:14:54,400 --> 00:14:57,166 some gaming projects have seen tremendous growth 410 00:14:57,166 --> 00:15:00,933 yeah but you need to carefully evaluate the gameplay 411 00:15:00,933 --> 00:15:02,666 uh huh the toconomics 412 00:15:02,900 --> 00:15:06,666 okay and the long term vision of the project right 413 00:15:06,966 --> 00:15:08,933 look for games that are fun to play 414 00:15:08,933 --> 00:15:10,866 it has to be fun it does right 415 00:15:10,866 --> 00:15:14,066 and offer real ownership and utility for their players 416 00:15:14,066 --> 00:15:15,400 it needs to be more than just hype 417 00:15:15,400 --> 00:15:17,600 it needs to be a game people actually wanna play 418 00:15:17,600 --> 00:15:18,766 exactly okay 419 00:15:18,766 --> 00:15:20,833 what about those RWA coins 420 00:15:21,066 --> 00:15:23,400 RWA coins I'm not a familiar with those 421 00:15:23,533 --> 00:15:25,866 RWA stands for real world asset 422 00:15:25,866 --> 00:15:27,200 real world asset 423 00:15:27,200 --> 00:15:30,133 these are tokens backed by tangible assets 424 00:15:30,133 --> 00:15:32,366 like real estate or commodities okay 425 00:15:32,366 --> 00:15:33,766 it's about bringing traditional 426 00:15:33,766 --> 00:15:35,366 assets into the cryptoworld 427 00:15:35,400 --> 00:15:38,133 so why tokenize these real world assets right 428 00:15:38,133 --> 00:15:39,333 what's the advantage 429 00:15:39,333 --> 00:15:42,666 tokenization can make these assets more accessible 430 00:15:42,666 --> 00:15:44,866 liquid in transparent okay 431 00:15:44,866 --> 00:15:46,866 it can streamline transactions 432 00:15:47,066 --> 00:15:49,733 and open up new investment avenues 433 00:15:49,733 --> 00:15:50,200 for people 434 00:15:50,200 --> 00:15:52,666 who might not have had access to these markets before 435 00:15:52,933 --> 00:15:53,500 interesting so 436 00:15:53,500 --> 00:15:55,533 it's about making traditionally ill 437 00:15:55,533 --> 00:15:58,666 liquid assets more liquid and accessible 438 00:15:58,966 --> 00:16:00,166 that's the idea okay 439 00:16:00,166 --> 00:16:02,700 last but not least let's talk about those layer 1 coins 440 00:16:02,700 --> 00:16:04,833 layer 1 coins what are those all about 441 00:16:04,900 --> 00:16:06,700 those are the native cryptocurrencies 442 00:16:06,700 --> 00:16:09,100 okay of blockchain platforms 443 00:16:09,100 --> 00:16:11,666 that act as foundations for other applications 444 00:16:11,666 --> 00:16:13,200 and projects they're like 445 00:16:13,200 --> 00:16:15,766 the bedrock upon which the crypto world is built 446 00:16:15,766 --> 00:16:15,966 so 447 00:16:15,966 --> 00:16:18,933 investing in the infrastructure of the crypto universe 448 00:16:18,933 --> 00:16:20,200 yeah in a way 449 00:16:20,300 --> 00:16:22,766 but with so many layer 1 platforms out there 450 00:16:22,766 --> 00:16:24,566 how do we choose the right ones 451 00:16:24,666 --> 00:16:26,133 scalability security 452 00:16:26,133 --> 00:16:28,733 and developer activity are cue factors to consider 453 00:16:28,733 --> 00:16:31,366 okay look for platforms with a solid track record 454 00:16:31,366 --> 00:16:31,766 uh huh 455 00:16:31,766 --> 00:16:34,400 a vibrant community of developers building on them 456 00:16:34,400 --> 00:16:37,000 right and a clear vision for the future 457 00:16:37,000 --> 00:16:39,100 this is a lot to take in it seems like 458 00:16:39,100 --> 00:16:42,100 the Alcoin universe is vast and constantly evolving 459 00:16:42,100 --> 00:16:42,766 it is 460 00:16:42,766 --> 00:16:46,033 any final words of wisdom for navigating this space 461 00:16:46,300 --> 00:16:49,333 approach it with a healthy mix of curiosity and caution 462 00:16:49,333 --> 00:16:51,066 okay do your research 463 00:16:51,066 --> 00:16:52,400 diversify your investments 464 00:16:52,400 --> 00:16:54,266 and don't be afraid to ask questions 465 00:16:54,266 --> 00:16:55,500 good advice and remember 466 00:16:55,500 --> 00:16:57,866 the crypto space is constantly evolving 467 00:16:58,200 --> 00:16:59,900 so continuous learning is key 468 00:17:00,266 --> 00:17:01,133 it seems like 469 00:17:01,133 --> 00:17:03,333 navigating the crypto market successfully 470 00:17:03,333 --> 00:17:03,933 is about 471 00:17:03,933 --> 00:17:06,866 much more than just understanding the price of Bitcoin 472 00:17:06,900 --> 00:17:08,900 yeah it's about understanding the bigger picture 473 00:17:08,900 --> 00:17:11,800 the economic forces the political landscape 474 00:17:11,800 --> 00:17:13,700 and even the psychology of the market 475 00:17:13,966 --> 00:17:14,866 you hit the nail on the head 476 00:17:14,866 --> 00:17:17,866 yeah it's about seeing the interconnectedness of it all 477 00:17:17,866 --> 00:17:19,266 it is and most importantly 478 00:17:19,266 --> 00:17:22,100 it's about managing risk and making informed 479 00:17:22,100 --> 00:17:24,300 decisions that align with your goals 480 00:17:24,300 --> 00:17:26,966 and risk tolerance speaking of risk management 481 00:17:26,966 --> 00:17:29,533 I remember that powerful line from your research 482 00:17:29,533 --> 00:17:32,100 protect your psyche so that you don't lose confidence 483 00:17:32,100 --> 00:17:33,900 when the real Bull Run starts 484 00:17:33,900 --> 00:17:36,300 yeah it's a reminder that this is a Marathon 485 00:17:36,300 --> 00:17:38,133 not a sprint for sure 486 00:17:38,133 --> 00:17:40,966 and staying mentally strong is just as important 487 00:17:40,966 --> 00:17:42,566 as having a solid strategy 488 00:17:42,566 --> 00:17:45,066 absolutely this market can be a roller coaster ride 489 00:17:45,066 --> 00:17:47,566 it can be protect your capital hmm 490 00:17:47,566 --> 00:17:50,000 but also protect your mindset right 491 00:17:50,000 --> 00:17:53,700 don't let fear in greed dictate your actions 492 00:17:53,733 --> 00:17:57,566 great advice so we've talked about bitcoin cycles 493 00:17:57,666 --> 00:17:59,033 monetary policy 494 00:17:59,066 --> 00:18:01,266 political events and the altcoin landscape 495 00:18:01,266 --> 00:18:02,366 click forward a lot we have 496 00:18:02,366 --> 00:18:04,166 we've Learned about dollar cost averaging 497 00:18:04,166 --> 00:18:07,066 diversification and the importance of staying informed 498 00:18:07,066 --> 00:18:10,333 right but what does all of this mean for the future 499 00:18:10,333 --> 00:18:13,200 okay what are some potential scenarios for Bitcoin 500 00:18:13,200 --> 00:18:15,466 and how can we position ourselves for success 501 00:18:15,466 --> 00:18:17,800 regardless of what unfolds right 502 00:18:17,800 --> 00:18:20,566 so we've laid a really solid foundation here yeah 503 00:18:20,566 --> 00:18:21,933 but let's look ahead okay 504 00:18:21,933 --> 00:18:24,400 what does the future hold for Bitcoin 505 00:18:24,400 --> 00:18:26,033 yeah that's the big question 506 00:18:26,266 --> 00:18:28,866 how can we position ourselves for success right 507 00:18:28,866 --> 00:18:31,600 no matter what surprises the market throws our way 508 00:18:31,600 --> 00:18:32,166 well well 509 00:18:32,166 --> 00:18:34,866 we can't predict the future with certainty right 510 00:18:34,866 --> 00:18:36,600 we can use what we've Learned 511 00:18:36,600 --> 00:18:39,033 to develop a robust strategy okay 512 00:18:39,566 --> 00:18:42,566 your research outlines two primary scenarios okay 513 00:18:42,566 --> 00:18:44,533 the bullish one and a bearish one okay 514 00:18:44,533 --> 00:18:45,866 and as we've discussed 515 00:18:45,900 --> 00:18:48,766 the unemployment rate is a major factor right 516 00:18:48,766 --> 00:18:49,900 the canary in the coal mine 517 00:18:49,900 --> 00:18:51,000 exactly okay 518 00:18:51,000 --> 00:18:53,366 let's start with the optimistic outlook okay 519 00:18:53,366 --> 00:18:55,766 what is that bullish scenario look like 520 00:18:56,100 --> 00:18:59,500 in this scenario the unemployment rate stabilizes 521 00:18:59,500 --> 00:19:01,900 or even starts to decline okay 522 00:19:02,300 --> 00:19:04,633 the Fed eases off on those rate cuts 523 00:19:04,866 --> 00:19:06,966 and we steer clear of a recession 524 00:19:07,733 --> 00:19:11,566 this points to a more positive economic outlook right 525 00:19:11,566 --> 00:19:12,600 which as we know 526 00:19:12,600 --> 00:19:15,466 tends to favor risk assets like Bitcoin 527 00:19:15,700 --> 00:19:17,366 so we're talking smooth sailing 528 00:19:17,366 --> 00:19:20,266 a healthy economy and Bitcoin potentially taking off 529 00:19:20,266 --> 00:19:22,666 remember the market loves to keep us on our toes right 530 00:19:22,666 --> 00:19:25,000 there are always unforeseen factors that can pop up 531 00:19:25,000 --> 00:19:28,033 of course but in this bullshit area 532 00:19:28,766 --> 00:19:30,000 we could see Bitcoin 533 00:19:30,000 --> 00:19:31,600 finally breaking through that lower 534 00:19:31,600 --> 00:19:33,133 high pattern okay 535 00:19:33,133 --> 00:19:36,000 and embarking on a significant upward movement 536 00:19:36,000 --> 00:19:38,866 a breakout to the upside that's what we like to hear 537 00:19:38,866 --> 00:19:41,566 that's the bold case but let's face the flip side okay 538 00:19:41,566 --> 00:19:43,800 what happens in that bearish scenario 539 00:19:43,800 --> 00:19:46,966 if the unemployment rate continues to climb okay 540 00:19:46,966 --> 00:19:48,566 exceeding the feds target 541 00:19:48,900 --> 00:19:52,066 then a recession in 2025 becomes more likely 542 00:19:52,066 --> 00:19:54,666 and a recession usually triggers a flight to safety 543 00:19:54,666 --> 00:19:56,500 okay investors get spooked 544 00:19:56,966 --> 00:20:00,000 pull back from riskier assets like bitcoin 545 00:20:00,000 --> 00:20:02,766 yeah and seek refuge in those safer havens 546 00:20:02,766 --> 00:20:05,000 we discussed earlier bonds and gold 547 00:20:05,000 --> 00:20:06,066 exactly okay 548 00:20:06,066 --> 00:20:06,566 this could have 549 00:20:06,566 --> 00:20:10,033 result in another significant dip in the crypto market 550 00:20:10,500 --> 00:20:14,233 so the unemployment rate is our canary in the coal mine 551 00:20:14,400 --> 00:20:17,566 it's a good analogy low unemployment means party time 552 00:20:17,566 --> 00:20:20,833 high unemployment means batting down the hatches 553 00:20:21,100 --> 00:20:23,266 it's a bit more nuanced than that right 554 00:20:23,266 --> 00:20:25,100 but you've got the right idea okay 555 00:20:25,100 --> 00:20:28,000 that unemployment rate gives us crucial insights 556 00:20:28,000 --> 00:20:30,166 into the overall health of the economy 557 00:20:30,166 --> 00:20:32,766 right and its impact on risk appetite makes sense 558 00:20:32,766 --> 00:20:35,000 it's a key indicator to monitor closely 559 00:20:35,000 --> 00:20:37,033 okay two potential paths 560 00:20:37,500 --> 00:20:39,966 bullish breakout or bearish downturn 561 00:20:39,966 --> 00:20:42,733 how do we prepare for both possibility yeah 562 00:20:42,733 --> 00:20:44,600 this is where those risk management strategies 563 00:20:44,600 --> 00:20:46,466 we discussed come into play great 564 00:20:46,566 --> 00:20:49,666 it's not about trying to perfectly time the market okay 565 00:20:49,666 --> 00:20:52,800 it's about having a plan for different scenarios right 566 00:20:52,800 --> 00:20:54,533 a plan that protects your capital 567 00:20:54,533 --> 00:20:56,000 and your peace of mind okay 568 00:20:56,000 --> 00:20:58,200 risk management 1:01 exactly 569 00:20:58,200 --> 00:21:00,166 let's recap those core principles 570 00:21:00,166 --> 00:21:01,600 all right what's the first rule 571 00:21:01,766 --> 00:21:07,266 never invest more than you can afford to lose okay 572 00:21:07,366 --> 00:21:09,600 this is fundamental to any investment right 573 00:21:09,600 --> 00:21:12,233 but especially important in the world of crypto 574 00:21:12,466 --> 00:21:14,766 where volatility is the name of the game 575 00:21:14,766 --> 00:21:16,600 so don't go all in exactly 576 00:21:16,600 --> 00:21:18,466 no matter how tempting it might feel 577 00:21:18,466 --> 00:21:20,166 that's right got it 578 00:21:20,366 --> 00:21:22,466 what else is crucial diversification 579 00:21:22,533 --> 00:21:24,800 diversification diversification 580 00:21:24,800 --> 00:21:25,966 okay I'm hearing you 581 00:21:26,400 --> 00:21:27,800 we can't trust this enough right 582 00:21:27,800 --> 00:21:30,966 spread your investments across different asset classes 583 00:21:31,066 --> 00:21:32,833 bitcoin large cap stocks 584 00:21:33,166 --> 00:21:34,866 gold Treasury bonds 585 00:21:35,200 --> 00:21:36,266 and maybe a sprinkle 586 00:21:36,266 --> 00:21:38,266 those old coins you're curious about right 587 00:21:38,300 --> 00:21:40,000 a little bit of everything exactly 588 00:21:40,000 --> 00:21:42,066 this helps to balance your portfolio 589 00:21:42,133 --> 00:21:43,800 and manage your overall risk 590 00:21:43,800 --> 00:21:45,766 diversification is Q check 591 00:21:45,766 --> 00:21:48,166 yeah but what about timing right 592 00:21:48,166 --> 00:21:50,233 when should we buy or sell 593 00:21:50,333 --> 00:21:52,933 ah the million dollar question right 594 00:21:52,933 --> 00:21:54,766 there's no magic formula right 595 00:21:54,766 --> 00:21:55,700 but dollar cost 596 00:21:55,700 --> 00:21:58,400 averaging can be a really effective strategy 597 00:21:58,900 --> 00:22:01,166 especially in a market as volatile as crypto 598 00:22:01,166 --> 00:22:02,866 remind me how that works again 599 00:22:02,866 --> 00:22:05,600 instead of trying to time the market perfectly okay 600 00:22:05,600 --> 00:22:08,300 you invest a set amount of money at regular intervals 601 00:22:08,366 --> 00:22:10,366 regardless of the price hmm 602 00:22:10,366 --> 00:22:11,066 this helps you 603 00:22:11,066 --> 00:22:13,500 average out your purchase price over time 604 00:22:13,500 --> 00:22:14,000 okay 605 00:22:14,000 --> 00:22:16,400 and takes the emotion out of your investment decisions 606 00:22:16,400 --> 00:22:18,866 so it's a discipline consistent approach 607 00:22:18,866 --> 00:22:21,766 exact no impulsive buys or panic sells 608 00:22:22,066 --> 00:22:23,966 that's it that makes a lot of sense 609 00:22:23,966 --> 00:22:26,300 but what about those times when the market goes wild 610 00:22:26,300 --> 00:22:26,600 okay 611 00:22:26,600 --> 00:22:29,900 like during a massive Bull Run or a sharp correction 612 00:22:30,366 --> 00:22:31,666 should we adapt our strategy 613 00:22:31,666 --> 00:22:34,466 then flexibility is essential okay 614 00:22:34,466 --> 00:22:37,500 while dollar cost averaging is a great foundation right 615 00:22:37,900 --> 00:22:39,566 you might want to adjust your approach 616 00:22:39,566 --> 00:22:42,633 depending on market conditions and your risk tolerance 617 00:22:42,666 --> 00:22:45,200 so it's not a set it and forget it approach right 618 00:22:45,200 --> 00:22:46,700 we need to stay engaged 619 00:22:46,700 --> 00:22:49,600 keep learning and adapt to the ever changing landscape 620 00:22:49,600 --> 00:22:51,100 absolutely stay informed 621 00:22:51,100 --> 00:22:51,533 uh huh 622 00:22:51,533 --> 00:22:54,200 monitor those key indicators like the unemployment rate 623 00:22:54,200 --> 00:22:56,700 right and be ready to make adjustments okay 624 00:22:56,700 --> 00:22:58,600 this has been incredibly insightful 625 00:22:58,600 --> 00:23:00,600 good we've covered so much ground today 626 00:23:00,600 --> 00:23:02,300 we have but before we wrap up 627 00:23:02,300 --> 00:23:04,066 I have one last question okay 628 00:23:04,066 --> 00:23:05,666 what about you uh huh 629 00:23:05,700 --> 00:23:07,600 how are you positioning yourself 630 00:23:07,600 --> 00:23:09,133 for the future of bitcoin right 631 00:23:09,133 --> 00:23:10,966 what's your personal strategy 632 00:23:11,166 --> 00:23:11,400 well 633 00:23:11,400 --> 00:23:14,566 I firmly believe in the long term potential of bitcoin 634 00:23:14,566 --> 00:23:16,133 okay I think it's a game changer 635 00:23:16,133 --> 00:23:19,200 uh huh a technology that could revolutionize finances 636 00:23:19,200 --> 00:23:21,400 we know it so you're in it for the long haul 637 00:23:21,400 --> 00:23:22,366 absolutely 638 00:23:22,566 --> 00:23:25,833 but I'm also realistic about the risks involved 639 00:23:26,200 --> 00:23:28,966 that's why I stick to the principles we've discussed 640 00:23:29,733 --> 00:23:31,600 a diversified portfolio 641 00:23:32,766 --> 00:23:35,300 consistent dollar cost averaging into Bitcoin 642 00:23:35,300 --> 00:23:38,300 right and staying informed about market developments 643 00:23:38,400 --> 00:23:42,300 staying informed and what about those alt coins 644 00:23:42,300 --> 00:23:43,900 are there any projects on your radar 645 00:23:43,900 --> 00:23:46,400 that you're particularly excited about 646 00:23:46,566 --> 00:23:49,466 I'm fascinated by the decentralized finance space 647 00:23:49,466 --> 00:23:51,400 also known as Defi Defi 648 00:23:51,800 --> 00:23:53,566 there's a lot of innovation happening there 649 00:23:53,566 --> 00:23:55,166 and I'm curious to see how it unfolds 650 00:23:55,166 --> 00:23:57,266 yeah Defi is definitely a hot topic 651 00:23:57,266 --> 00:23:58,466 anything else catching your eye 652 00:23:58,466 --> 00:24:02,066 I'm also intrigued by the potential of nfts 653 00:24:02,066 --> 00:24:03,700 or nonforgible tokens 654 00:24:04,200 --> 00:24:06,666 I think they could reshape how we view ownership 655 00:24:06,666 --> 00:24:08,300 and digital assets right 656 00:24:08,300 --> 00:24:09,533 it's a whole new world 657 00:24:09,533 --> 00:24:11,466 they're creating entirely new economies 658 00:24:11,466 --> 00:24:13,200 in ways of interacting online 659 00:24:13,400 --> 00:24:14,633 defi NFTs 660 00:24:14,666 --> 00:24:16,600 you're definitely keeping your finger on the pulse 661 00:24:16,600 --> 00:24:18,333 of the cryptoworld trying to 662 00:24:18,333 --> 00:24:19,133 but most importantly 663 00:24:19,133 --> 00:24:21,566 you're approaching it all with a balanced perspective 664 00:24:21,566 --> 00:24:23,500 combining your enthusiasm with caution 665 00:24:23,500 --> 00:24:25,100 and smart risk management 666 00:24:25,100 --> 00:24:25,933 that's the key takeaway 667 00:24:25,933 --> 00:24:27,366 I hope our listeners will embrace 668 00:24:27,366 --> 00:24:28,700 yeah Bitcoin 669 00:24:28,700 --> 00:24:31,600 and the crypto space offer tremendous opportunities 670 00:24:31,933 --> 00:24:34,866 but it's crucial to approach them with a clear head 671 00:24:35,100 --> 00:24:36,366 a sound strategy 672 00:24:36,566 --> 00:24:38,566 and a commitment to continuous learning 673 00:24:38,566 --> 00:24:40,500 there's always more to discover 674 00:24:40,966 --> 00:24:43,133 and the landscape is always evolving 675 00:24:43,133 --> 00:24:44,000 beautifully said 676 00:24:44,000 --> 00:24:46,600 this deep dive has been a fantastic journey 677 00:24:46,600 --> 00:24:47,366 it has been 678 00:24:47,366 --> 00:24:49,533 thank you so much for sharing your expertise with us 679 00:24:49,533 --> 00:24:51,166 today it's been my pleasure 680 00:24:51,166 --> 00:24:53,333 and to our listeners out there yes 681 00:24:53,333 --> 00:24:55,500 the crypto world is full of surprises 682 00:24:55,733 --> 00:24:57,333 stay curious stay informed 683 00:24:57,333 --> 00:24:58,800 and never stop exploring 684 00:24:58,800 --> 00:25:00,433 could have said it better myself 685 00:25:00,466 --> 00:25:02,566 and on that note we'll wrap things up for today 686 00:25:02,566 --> 00:25:04,233 but the conversation doesn't end here 687 00:25:04,500 --> 00:25:05,766 we'll be back soon with more 688 00:25:05,766 --> 00:25:08,466 deep dives into the fascinating worlds of finance 689 00:25:08,466 --> 00:25:09,133 technology 690 00:25:09,133 --> 00:25:11,633 and all the exciting intersections in between 691 00:25:11,866 --> 00:25:13,666 until then happy investing 692 00:25:13,666 --> 00:25:16,100 and remember knowledge is your greatest asset