2021 Trading & On-Chain Review with Willy Woo
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SHOW DESCRIPTION
Location: Remote
Date: Thursday 23rd December
Company: Hypersheet
Role: Co-Founder
2021 has been a year like no other in Bitcoin. The market has matured dramatically with increased institutional interest following the Michael Saylor and MicroStrategy playbook, El Salvador driving nation-state adoption and more sophisticated market instruments with the launch of two US-based Bitcoin futures ETFs.
The maturing of the market seems to have broken the typical 4-year cycle around the halving. No longer are we seeing huge parabolic run ups and massive +80% sell-offs. Instead, we have had much more complex price action throughout the year. After hitting mid-$60,000s in May, we had a 50% correction followed by months of consolidation before another run-up and a new all-time high in November.
Now, at the end of 2021, the bitcoin price is ~$50,000, and while it is still the same price as it was in February, so much has changed. So if the traditional market cycles are broken and we are entering a new, more mature period for Bitcoin, what will 2022 bring?
In this interview, I talk to Willy Woo, an on-chain analyst and Co-Founder of Hypersheet. We discuss how the price action in 2021, what to expect in 2022 & beyond and how the market has matured.
TIMESTAMPS
00:02:33: Introductions
00:03:35: Broken cycles and a mature market
00:20:12: Aligning to traditional macro cycles
00:24:02: How data analysis will change
00:27:05: MicroStrategy's potential impact on the market
00:31:07: 2022 price predictions
00:34:04: Regulatory risk and political involvement
00:41:23: Is Bitcoin becoming boring?
00:47:24: The different types of bitcoiners
00:52:06: Twitter, Jack Dorsey and Bluesky
00:54:53: Benefits of the altcoin space
01:00:25: Willy and his funds in 2022
01:02:21: Final comments
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SHOW NOTES
Connect with Willy:
Mentioned in the interview:
SEC Spurns Crypto Industry Again, Denying Two Spot-Bitcoin ETFs
An Ode And Forthcoming Obituary To Bitcoin's Four-Year Cycle
Are We Witnessing the Start of a New Commodities Supercycle? | Institutional Investor
jack⚡️ on Twitter: "The VCs are the problem *not the people"
Other Relevant WBD Podcasts:
WBD425: Bitcoin Vs Altcoins 2 with Alex Gladstein & Erik Voorhees
WBD405: The Bitcoin v Crypto War with Udi Wertheimer, Crypto Cobain, Alex Gladstein & Allen Farrington
WBD382: Bitcoin On-chain & Macro Analysis with Will Clemente & Dylan LeClair
WBD335: The Psychological Barrier of a $100k Bitcoin with Willy Woo
WBD327: How to Trade the End of a Bull Market with Willy Woo
WBD305: The Bitcoin Shakeout - Jan ‘21 Trading Update with Willy Woo