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Willy Woo on Why It's 'an Extremely Great Time to Buy Bitcoin' - Ep.148

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Manage episode 275128210 series 2039408
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Willy Woo, on-chain Bitcoin analyst and writer of “The Bitcoin Forecast,” a market intelligence newsletter, discusses how the Bitcoin markets have been changing amidst what may be a forthcoming ebbing of derivatives exchanges and a revival of the importance of spot exchanges. In this episode, he covers:

  • what the PayPal news means when there are currently only 23.4 million holders on chain, and only 101 million active unique accounts at centralized exchanges
  • why "old hands" in Bitcoin have been changing their behaviors recently, selling at bottoms, rather than tops
  • how derivatives exchanges have influenced Bitcoin price action
  • why price moves in Bitcoin are likely to be less volatile going forward
  • how he's detecting the purchase of Bitcoin off spot exchanges by whales and corporate treasuries
  • how these shifts are affecting crypto infrastructure players
  • how the price of Bitcoin moves for every dollar invested and what his projection is based on that
  • why, as the price of BTC rises, he's currently seeing HODLers holding tighter than ever
  • by when he believes we'll see sovereign wealth funds investing in Bitcoin
  • by when he says we'll see a $50,000 Bitcoin
  • why the Bitcoin NVT ratio indicates it's an "extremely great time to buy Bitcoin"
  • why he doesn't focus much on ether, how he thinks it will perform under Ethereum 2.0 and why things could change if Ethereum Improvement Proposal 1559 is implemented and transaction fees end up being burned

Thank you to our sponsor!

Crypto.com: http://crypto.com

Episode links:

Willy Woo: https://twitter.com/woonomic

The Bitcoin Forecast: https://willywoo.substack.com

His charts and models: http://charts.woobull.com

PayPal news: https://www.reuters.com/article/paypal-cryptocurrency/update-1-paypal-to-open-up-network-to-cryptocurrencies-idUSL1N2HC0PL

Willy's tweet about dormancy: https://twitter.com/woonomic/status/1318154088635224065

Willy on how coins on spot exchanges are dropping: https://twitter.com/woonomic/status/1313798080236380160?s=20

Willy on NVT ratio: https://twitter.com/woonomic/status/1315839269148086272

Willy on ETH: https://twitter.com/woonomic/status/1313099814041653248?s=20

  continue reading

169 episodes

Artwork
iconShare
 

Archived series ("Inactive feed" status)

When? This feed was archived on July 09, 2018 00:00 (6y ago). Last successful fetch was on December 10, 2022 15:00 (2y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 275128210 series 2039408
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Willy Woo, on-chain Bitcoin analyst and writer of “The Bitcoin Forecast,” a market intelligence newsletter, discusses how the Bitcoin markets have been changing amidst what may be a forthcoming ebbing of derivatives exchanges and a revival of the importance of spot exchanges. In this episode, he covers:

  • what the PayPal news means when there are currently only 23.4 million holders on chain, and only 101 million active unique accounts at centralized exchanges
  • why "old hands" in Bitcoin have been changing their behaviors recently, selling at bottoms, rather than tops
  • how derivatives exchanges have influenced Bitcoin price action
  • why price moves in Bitcoin are likely to be less volatile going forward
  • how he's detecting the purchase of Bitcoin off spot exchanges by whales and corporate treasuries
  • how these shifts are affecting crypto infrastructure players
  • how the price of Bitcoin moves for every dollar invested and what his projection is based on that
  • why, as the price of BTC rises, he's currently seeing HODLers holding tighter than ever
  • by when he believes we'll see sovereign wealth funds investing in Bitcoin
  • by when he says we'll see a $50,000 Bitcoin
  • why the Bitcoin NVT ratio indicates it's an "extremely great time to buy Bitcoin"
  • why he doesn't focus much on ether, how he thinks it will perform under Ethereum 2.0 and why things could change if Ethereum Improvement Proposal 1559 is implemented and transaction fees end up being burned

Thank you to our sponsor!

Crypto.com: http://crypto.com

Episode links:

Willy Woo: https://twitter.com/woonomic

The Bitcoin Forecast: https://willywoo.substack.com

His charts and models: http://charts.woobull.com

PayPal news: https://www.reuters.com/article/paypal-cryptocurrency/update-1-paypal-to-open-up-network-to-cryptocurrencies-idUSL1N2HC0PL

Willy's tweet about dormancy: https://twitter.com/woonomic/status/1318154088635224065

Willy on how coins on spot exchanges are dropping: https://twitter.com/woonomic/status/1313798080236380160?s=20

Willy on NVT ratio: https://twitter.com/woonomic/status/1315839269148086272

Willy on ETH: https://twitter.com/woonomic/status/1313099814041653248?s=20

  continue reading

169 episodes

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