Is the Bitcoin Bottom in? with Willy Woo

Is the Bitcoin Bottom in? with Willy Woo

What Bitcoin Did with Peter McCormack

“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

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.

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Ledger - State of the art Bitcoin hardware wallet
Compass Mining - Bitcoin mining & hosting
LVL - Bank on Bitcoin
BCB Group - Global digital financial Services


-----

WBD456 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

Become a Patron and get access to shows early or help contribute

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you

Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Leave a review on iTunes

Share the show and episodes with your friends and family

Subscribe to the newsletter on my website

Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

Activity

Switch to the Fountain App