The Milk Road Show

Will Bitcoin Drop to $77K Before a New ATH? w/ Paul Mampilly

6 snips
Feb 27, 2025
Join Wall Street veteran Paul Mampilly, a crypto expert with over 30 years in hedge fund management, as he unpacks Bitcoin's future. Paul predicts Bitcoin could dip to $77K before surging to new heights, drawing parallels to the explosive 2016/2017 cycle. He also dives into the significance of the $100K psychological barrier and forecasts an impressive rally for Ethereum. With insights on market strategies and the impact of halving events, this discussion is packed with optimism for the crypto landscape ahead!
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INSIGHT

Market Cycle Psychology

  • Market cycles involve optimism at highs and pessimism at lows.
  • Smart money buys low when others panic, leveraging conviction and knowledge.
INSIGHT

Bitcoin's Price Drop and Psychology

  • Bitcoin's price drop from $110,000 to $83,000 represents a 23% decrease, not a significant drop historically.
  • Psychological markers like previous highs ($70,000) trigger selling, leading to market cleansing.
INSIGHT

Bitcoin Halving's Impact

  • Bitcoin's programmatic halving, reducing new supply by 50% every four years, is unique in monetary history.
  • This predictable scarcity, combined with finite supply, makes Bitcoin's price potential immense.
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