Bitcoin ETFs Bleed $630M As The CLARITY Act Vote Begins l Mark Yusko

On Bitcoin

Guest Mark Yusko · not counted as The Wolf Of All Streets' view.

Views

• This cycle (next 6–18 months): Expects up (timeframe is our reading): absent an unraveling of margin, which I'll come back to in a second, we have seen the bottom. That that 63 print in the 59 touch in the was the bottom. ▶ 09:23

If this, then that

• If a stock market drop and an unwinding of leverage in stocks, then no target given (next weeks): if we get a market drop and an unwinding of leverage in stocks, Bitcoin will fall. ▶ 13:20

Levels named

• 130k: Target (Metcalfe's law network value from Tim Peterson's model, well above the current price): cuz the Metcalfe law value now is 130,000. That was my point earlier. ▶ 26:58
• 59–63k: Support, expected to hold (Metcalfe's law value model showed price got well below network value at the low, so the low is the bottom): That that 63 print in the 59 touch in the was the bottom. ▶ 09:29

Their own position: Bought, no leverage. So in our fund for the last I don't know eight or nine weeks, we've been buying every week just routinely to get to the position that that we want.

Dates named

• Clarity Act passage, undated: the Clarity Act being done, good, bad, or indifferent, I'm going to lean that it's going to end up bad, but it'll be done. That'll be a positive catalyst.
• Closure on Iran / Strait of Hormuz, undated: but we need closure on that. That would be a positive.