67 minutes | Dec 18th 2020

2020 Trading & On-Chain Review with Willy Woo

“$100,000, I would rate as very conservative, probably overly conservative. I would rate $200,000 upwards as a sweet spot. $300,000 not out of the question, and I do not ridicule $1,000,000.”
— Willy Woo

Location: Remotely
Date: Tuesday 15th December
Company: Hypersheet
Role: Co-Founder

Bitcoin has had an incredible year. Following the outbreak of the coronavirus, the Bitcoin price crashed to just below $4,000. However, the subsequent government bailouts and money printing has led to many fearing fiat currencies will suffer from high inflation, highlighting the importance of hard money.

Since the lows in March, Bitcoin has gone from strength to strength, particularly on the back of corporate interest. MicroStrategy and Square paved the way for corporations to buy Bitcoin, and others are following. 

Over the last couple of days, Bitcoin has rallied to new all-time highs, reaching close to $24,000, but what makes this time different to 2017? And how high could the price go in 2021?

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the current state of the Bitcoin market, the catalysts for Bitcoin’s rally and what to expect in the coming year.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

-----

WBD289 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

Become a Patron and get access to shows early or help contribute

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you

Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Leave a review on iTunes

Share the show and episodes with your friends and family

Subscribe to the newsletter on my website

Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

Play
Like
Play Next
Mark Played