The Great Bitcoin Reset | Explained

"the odds of a hard landing now stands at 80 percent and that's defined by at least two quarters having back-to-back negative gdp growth so at 8 30 a.m on july 28th they're predicting that we will have negative gdp growth which is when we will officially be in a recession"

"they also predict that we will finish this year 2022 with a negative 0.6 gdp and that's in comparison to their last estimate which is a positive growth of 0.9 percent"

"and unfortunately next year for 2023 things are not looking much better because their prediction says that next year will probably finish with a negative 0.5 gdp"

"number one bitcoin has no wash sale trading rule which means people can just sell their bitcoin and buy it back again and that's not the case with stocks so once that loophole gets closed bitcoin's price will become more stable"

"number two there are over 520 unregulated exchanges that offer 20x leverage and that means bitcoin's price is extremely sensitive to any movements so once those exchanges become regulated and the leverage comes down the more stable bitcoin's price will be"

"number three there are over 19 000 crypto coins out there that are interconnected and cross-collateralized with bitcoin and not all those projects played by the rules so when some of the big ones especially collapse it affects bitcoin's price so once we get more clarification on what these are and if they're securities or not hopefully that will stabilize bitcoin's price"

"number four the defies of the world the decentralized finance exchanges and some of the c5s that act as big banks can sometimes become unstable especially when they freeze withdrawals which affects bitcoin's price so as they become bigger and more mature and are regulated better bitcoin's price will become more stable"

"number five there's no real stablecoin yes we have usdc and tether and tara luna but those are not real stable coins in the sense that it does not give the market confidence grandpa grandma don't want to put their money in stable coins because they don't know if it's going to lose 90 of its value overnight or not so that's coming though with fedcoin right the government's stablecoin which will actually be super helpful in giving maturity to the space"

"number six bitcoin does not have a spot etf which means grandpa grandma's ira money which is trillions and trillions of dollars is something the crypto space does not have access to unlike traditional assets do"

"number seven crypto does not have any insurance protection like banks do with the fdic and dollars because if you were to bank with a bank that collapsed you would be protected up to hundred thousand dollars in cash and stocks if that was to disappear you'd get your money back but that is not the case with crypto oriented businesses yet"

"number nine we still need more clarification from the sec and cftc with regards to what securities are"

"number 10 bitcoin is still not esg compliant but with each passing year bitcoin becomes greener and more energy efficient which becomes harder to criticize for being wasteful"

"but these problems are not going to work themselves out in the next few weeks or few months this is gonna take a while that's why it's more important than ever that i dollar cost average into bitcoin because the four year moving average on bitcoin is 21 685"