The Pomp Podcast
#1266 Will Clemente | Bitcoin Bear Market Is Over. Here Is Proof.
Oct 26, 2023
In this podcast, Will Clemente, Co-founder of Reflexivity Research, discusses the bitcoin market, ETF speculation, and various metrics. They explore the reclamation of moving averages by Bitcoin, the potential effects of ETF approval on its price, the MVRV Z score in evaluating Bitcoin's value, and the rising interest of financial institutions in Bitcoin.
22:25
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Bitcoin dominance has increased due to risk-off sentiment, geopolitical uncertainties, and ETF speculation, indicating a potential end to the bear market and a transition into a bull market.
- ETF approval could result in significant capital inflows from institutional investors, estimated to be around $35 billion in the first year, and could have a substantial positive effect on Bitcoin's price despite short-term volatility.
Deep dives
Bitcoin Dominance and Market Strength
Bitcoin dominance has been steadily increasing, indicating its relative strength compared to other cryptocurrencies. This can be attributed to a general risk-off sentiment in the broader market, geopolitical uncertainties, and speculation regarding ETF approval. The market cycle for cryptocurrencies often starts with Bitcoin leading the way, followed by liquidity dispersing into riskier assets. Bitcoin has reclaimed important technical levels, such as the 200-week and 200-day moving averages, suggesting a potential end to the bear market and a transition into a bull market.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
