Bitcoin Breaks $20,000 (And What Comes Next)

Where to store your Bitcoin safely:
https://www.youtube.com/watch?v=rTIl7TKEowg&ab_channel=TraderUniversity
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity

Join the Trader University email list:
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In this video, I discuss Bitcoin breaking below $20,000, as well as examine Bitcoin fundamentals to see if they are still relevant to Bitcoin as a long-term investment.

As we enter the capitulation phase with Bitcoin selling off, nothing has changed. There is panic selling and forced liquidations, but Bitcoin is anti-fragile and robust and will survive. Many other cryptocurrencies will not.

Bitcoin is still the only viable non-governmental money. It's permission-less, censorship resistant, secure, decentralized, and cannot be debased.

Not investment advice! Consult a financial advisor.

Is BlockFi About To Implode?
https://www.youtube.com/watch?v=SFow3o6EkRw&ab_channel=TraderUniversity

Three Arrows Capital liquidating:
https://www.coindesk.com/business/2022/06/17/three-arrows-capital-confirms-heavy-losses-from-lunas-collapse-exploring-potential-options-report/

CPI chart:
https://fred.stlouisfed.org/series/CPIAUCSL

What it's actually like to hodl:
https://coinmotion.com/wp-content/uploads/2020/04/hodling-1.jpeg

Bitcoiners are religious zealots:
https://bitcoinist.com/this-is-why-druckenmiller-and-tudor-jones-changed-their-mind-on-bitcoin/

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
#cryptocurrency

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