CRYPTO CRASH: ITS ABOUT TO GET A LOT WORSE...
In a Nutshell
Bitcoin has crashed 50% from its all-time high, breaking below $63,000 and heading toward $60,000, making it one of the worst-performing assets since 2021 alongside Ethereum and Solana. Michael Saylor and Tom Lee are down over $8.5B and $9B respectively in unrealized losses, with the speaker arguing Bitcoin provides no real value compared to productive assets like stocks. The strategy is to short MSTR or IBIT on a break below $60,000 rather than trading crypto directly, while avoiding MSTR and BMNR entirely due to dilution and leverage risks.
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Bitcoin is officially down 50% from all-time highs after breaking below $63,000. The lows reached today show Bitcoin hitting $61,476 according to the platform.
If crypto and Bitcoin fall below the previous low of $60,000 on the daily chart, the plan is to short MSTR or IBIT. Crypto trading is avoided entirely due to the belief that the space is incredibly speculative and manipulative, particularly platforms promoting 40x leverage.
Back in 2021, Bitcoin traded at $67,000 compared to the current $62,000, making it one of the worst investments over the past 5 years. Ethereum traded at $1,900 and is now below $1,800 with expectations of dropping below $1,000 this year. Solana traded at $141 and is now below $80. Those who did not take profits are described as bag holding crypto.
Michael Saylor is currently down over $8.5 billion in unrealized losses as the biggest investor in crypto. The fundamental question raised is what owning all of Bitcoin accomplishes, as it provides nothing beyond code, unlike owning all of a company such as Apple or Nvidia which generates billions in revenue and allows the owner to serve as CEO earning salary and profits.
Crypto originally had one of its early and big investors as Jeffrey Epstein. The argument is that backing a coin funded by one of the biggest pedophiles in US history does not make sense. Over $200 billion has been wiped from the crypto market in the past 24 hours.
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