Josh Sigurdson talks with Trace Mayer, a well known successful investor and supporter of Bitcoin about the potential of Bitcoin in a crash.
First, Trace goes into exact price predictions and why they’re not efficient, but also explains his success in predicting Bitcoin’s price long term, pointing out the Mayer Multiple system which puts Bitcoin currently at 0.8 times, giving room for profit either way.
Trace also goes into the idea of ETFs on Bitcoin and whether it’s a good thing or a bad thing.
Finally, considering the potential inversion of the yield curve, massive bubbles in markets across the board, vast fractional reserve lending, debt and constantly hiked interest rates, Trace explains how Bitcoin will survive in a crash, and not just survive but prosper as a decentralized currency.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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