Transcript
Host 1 (0:00)
Foreign.
Bryce (0:09)
Everybody, welcome back to another episode of the Crypto 101 podcast. Have something new we're trying out today. So, as we know, the schedule usually every week is we have our flagship Crypto 101 podcast interview every Tuesday. And then midweek we have a rundown with Brendan. We wanted to try something new to today. You know, Bryce is always trying to give out as much information as he can to the great members of Crypt Nation and the listeners of the podcast, but we're. We're short on schedule. You know, all the work that Bryce does, you know, trading crypto, and all the work that we do inside the community, and all the interviews we do, we do run short on time. So we tried something new where Bryce, you know, makes a. An update on his own. And then, you know, I'm gonna edit it and transition into it via a podcast audio. So I want to know from you guys, is this something that you would like? Definitely. You know, please rate us on Apple Spotify. I know Spotify has some comments. So is this something that if this was, you know, maybe bi weekly or a couple times a month? If you guys, you know, enjoy hearing more from Bryce and his thoughts, this is something that we were thinking about doing more of for the rest of the year. So for this week's market update, we got eight awesome minutes for you. Breakdown is the crypto market's moving higher. There's a lot of awesome news in the. In the markets, and the price action has been towards the upside. Bryce breaks that down for you. There's also some interesting news around regulation and stable coins, and Bryce is seeing a possibility of a short squeeze. So you're going to want to stick around to see his theory on how bitcoin can lead us back to $100,000 and beyond. Again, it's a jam packed eight minutes, but let's switch over to Bryce for this week's market update.
Host 1 (1:45)
All right, everybody, Bryce here coming at you with another real quick crypto market update. And like we've been saying, it's been an incredible time to be a buyer in the market. Guys, we've been long. We've been telling everybody that this is an aberration in the market that is, you know, kind of an outlier. There's really no reason for crypto to be selling off as largely it was. It was a huge reset in momentum, and we scooped up a lot of coins that we thought had a lot of value. So we're really excited about this bounce, okay? Because it allowed us to buy fundamentally strong Altcoins and bitcoin at great prices now, many coins. So bitcoin, for instance, is up 30% from its lows and many other altcoins are up 100 to 500% higher off of their lows. Many coins in the AI sector, the DeFi sector, there's a lot of good stuff happening. And so why is the market bouncing so much? It's because the fundamentals of crypto had not changed, they had not worsened. Prices were down in the dumps, but the fundamentals kept growing strong. So to me, that's called a divergence. Okay? It's a divergence of reality, which is fundamentals getting stronger in the markets, which are just emotional, right? Psychological, they were coming down. So you have a divergence because you have strengthening fundamentals with decreasing prices. However, that is now reset. Now we have continuing to increase fundamentals and we have a convergence where those prices are starting to catch up. So it was a very, very, very good time to be a buyer. The next best time to be a buyer would probably be right this minute because I think things are going to keep moving higher. Okay?