Is the Bitcoin Bottom in? with Willy Woo

 
 

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“Structurally on-chain it’s not a bear market set up; even though I would say we’re at peak fear, no doubt about it, people are really scared - which is typically…it’s an opportunity to buy.”
— Willy Woo

SHOW DESCRIPTION

Location: Remote
Date: Thursday 27th January
Company: Hypersheet
Role: Co-Founder

Given the unprecedented combination of events that impacted Bitcoin in 2021, it is perhaps not surprising that the market currently feels like it’s in uncharted territory. Patterns of trading behaviour have changed, new investors and trading instruments are influencing the price, and the old cycles no longer seem to apply.

This wasn’t forecasted. The rally into the back end of 2021 was expected to be sustained: institutional adoption ramped up. Yet, despite the influx of capital, whales hodling, and even miners keeping hold of their bitcoin, the price has seen a 50% correction since the ATH in early November.

However, shorting Bitcoin from this position would be a bold trade. The old coins are still not selling. Further, positive regulatory clarity could kickstart a rush of institutional capital.

In this interview, I talk to Willy Woo, on-chain analyst and Co-Founder of Hypersheet. We discuss the current Bitcoin price, why it doesn’t look like a bear market, the breaking of the 4-year cycles, and how he’s positioning his portfolio.

TIMESTAMPS

00:03:45: Introductions
00:06:25: Replicating 2019 to 20
00:08:25: Futures trading driving the Bitcoin price down
00:10:57: The market impact of the futures ETFs
00:15:45: Are we in a bear market?
00:21:21: Dan Held's supercycle
00:23:27: Increased supply side and the end of the four-year cycle
00:29:31: Altcoins
00:35:45: Stock-to-flow model
00:43:06: NFTs
00:51:15: Bitcoin, not blockchain
00:55:18: Where's Willy's head at?
01:04:36: Real Bedford
01:06:01: Final comments

 

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SHOW NOTES

Connect with Willy:

Mentioned in the interview:

Other Relevant WBD Podcasts:

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