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The Bad Crypto Podcast
EP 757: Ho Ho Hodl: Surviving Jerome Powell’s Economic Chill
Dec 24, 2024
Panic brews as some fear the end of the bull run, but Michael Saylor is still stacking Bitcoin. Exciting insights surface on the potential for a U.S. Bitcoin reserve amidst holiday cheer. Solana breaks records in daily transactions, highlighting its growing popularity. The hosts tackle the Federal Reserve's policies while blending humor with discussions on conspiracy theories that fuel public mistrust. And they celebrate the season with a twist on a holiday classic, ensuring laughter and crypto knowledge go hand in hand.
47:58
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Quick takeaways
- Michael Saylor's unwavering strategy to continue accumulating Bitcoin, despite recent market fluctuations, underscores a strong belief in its long-term value.
- The potential establishment of a U.S. Bitcoin reserve could significantly enhance institutional credibility, shaping the future landscape of cryptocurrency investment and regulation.
Deep dives
Market Resilience Amid Bitcoin Pullbacks
Despite recent declines in the crypto market, Bitcoin remains a focal point for bullish sentiment. Currently priced around $93,535, Bitcoin has experienced a notable drop of 12.5% over the last week, while overall market capitalization sits at $3.415 trillion. Many analysts believe this dip is typical of a bull run cycle, citing that significant opportunities may arise as traders prepare for tax season and year-end financial adjustments. With a fear and greed index still reflecting greed at 59, traders are optimistic about the potential for recovery and upward movement in the near future.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode