Is Bitcoin Permanently Tarnished?

𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
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In this video, I discuss whether Bitcoin's image and value as an investment have been permanently tarnished by the FTX blow-up and contagion.

I argue that they have not, since nothing has changed with Bitcoin's fundamentals. I use analogies like the BusinessWeek "Death of Equities" magazine cover in August 1979, that marked the bottom of the stock market.

I also discuss how it was very widely considered that internet stocks were dead in 2002, even by very smart people living in Silicon Valley at the time.

Bitcoin will recover to new all-time highs, simply because it is a unique, scarce, extremely useful asset. The smart money knows that now and is buying, while the general public and others will have to play catch up, and buy their Bitcoin back at much higher prices.

By contrast, many altcoins will never come back. The Pets.com of today are dogcoins, Solana, XRP, Cardano, Ethereum, etc.

Not investment advice! Consult a financial advisor.

See all of my videos on YouTube:
https://www.youtube.com/c/TraderUnive...

"Death of Equities" magazine cover:
https://static.wixstatic.com/media/91...

Dot Com blow-up:
https://money.cnn.com/2000/11/09/tech...

The sad story of Pets.com:
https://www.celebritynetworth.com/art...

Crypto.com holds 20% of its reserves in SHIB lol:
https://decrypt.co/114248/crypto-com-...

MicroStrategy and Michael Saylor have strong hands:
https://twitter.com/saylor/status/157...

Follow me on Twitter:
https://twitter.com/mattkratter

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#crypto
#ftx

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