Technical chart analysis made simple with Kevin Wadsworth of Northstar & Bad Charts.
We break down his case for more downside risk (bitcoin to bottom in Q3/Q4?) and the Capital Rotation Event: why many assets look bearish while gold holds strong.
My latest show with former Fed insider Danielle DiMartino Booth about Trump’s battle with Jerome Powell, whether we will have a “shadow Fed Chair,” the rise of gold, her view on Bitcoin as the riskiest asset and much more.
I’ve had more people reach out to me shaken in this cycle than even in 2022 (when Bitcoin went down 75% from $68k ATH to $16k!) saying they’re panicked, they sold, or they’re suddenly “not sure” about Bitcoin.
Some bailed into gold because they still want to stay on the hard money train. Some are convinced quantum computing is about to “break” Bitcoin. Some tell me I’m reckless for being so undiversified with my life’s savings.
I understand the fear. Drawdowns aren’t fun. They can mess with your confidence and your timeline…especially when the mood is this dark (and when your income is tied to the same asset you’re holding!).
But here’s where I’m at: Bitcoin is still the only life raft worth holding and helping other people find.
My mom gets $900 a month in Social Security. Who can live on that? That’s not a retirement plan - it’s a slow economic strangulation.
So no, I’m not in Bitcoin because it’s some thrilling get rich overnight scheme. I’m in Bitcoin because I don’t see another path that gives everyday families like mine a real shot. I didn’t get in early enough to be “set.” I’m still building. Still working. Still trying to protect the people I love in a system that keeps making life more expensive!
I haven’t lost faith….not because I’m numb to this volatility, but because the problem Bitcoin solves hasn’t gone away.
If you’re shaken right now, you’re not weak. You’re human. Just don’t confuse a bad market mood with a broken thesis.
Keep going. Zoom out. Do the work. Take care of your family. I’m doing the same. We’ve got this.
Lately there's a "Boomers vs Younger Generations" framing about wealth. But the truth is, not every boomer is sitting on a pile of assets.
In this new episode with Lawrence Lepard and Bob Burnett we dig into the Boomer Case for Bitcoin, why gold has been outperforming and signs that a "Big Print" might be imminent: https://youtu.be/x1dTsTyT8FE?si=szl-3aTyTYWzjOja
I didn’t expect us to align on how we view the Federal Reserve… and he’s yet another analyst who believes gold price will run higher until it can be revalued on our balance sheet at over $10k/oz…
Is he getting into Bitcoin too? :) subscribe wherever you get your podcasts.