
The Data Says Bitcoin’s Bottom Is Already In | Mitchell Askew & John Haar
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“I would give myself 95% confidence that the bottom is in.”
Mitchell Askew and John Haar are on the show to get into whether Bitcoin’s price bottom is already in, and why this drawdown looks different.
In this episode we discuss the disconnect between record global liquidity and a Bitcoin price that has fallen 50%, the selling by OG holders, miners pivoting toward AI, and the potentially self-fulfilling nature of the four-year cycle. Selling pressure is becoming exhausted and we're now facing time pain, not price pain.
We also get into AI stealing Bitcoin’s bull run, what could force capital rotation, the future of Strategy and MetaPlanet, why blow-off tops and 75% drawdowns may be disappearing, and how Bitcoin mining is changing as major operators move into AI.
*Note, this was recorded before the recent Coldcard vulnerability. For more info watch this… https://youtu.be/rf-9rf93OpE
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- 0:00Market outlook and Bitcoin bottom signals
- 2:08Bitcoin treasury companies and MicroStrategy
- 12:07Global liquidity and the four-year cycle
- 16:49Catalysts for the recent price decline
- 25:28AI sector and infrastructure investment
- 34:03Tax strategy and Bitcoin mining
- 1:14:06Bitcoin hash rate and mining outlook