Episode Details

Mid-Year Review & Predictions for the Rest of 2024
6/26/2024
Good Game

Key Insights

Bullish:

  • 🟢 $BTC - Discussing the potential of Bitcoin's future price movements and market sentiment.
    • My main argument is we can't go up on good news... there's no reason to believe that the cycle is over. We'll probably go up we'll probably be higher, at the end of the year than today.” - Qiao (0:00)
    • I'd agree with that. I do think, though, that this chop is gonna be brutal. It's gonna be brutal.” - Imran (0:00)
    • Trump shilling crypto in every single one of his, speeches. That is really bullish for the entire crypto asset class and industry.” - Qiao (0:00)
    • Trump is now around 55%, somewhere between 50-60, whereas Biden is in the mid-thirties to low forties. And so Trump is fairly ahead of Biden, in the race, and the fact that he's bullish crypto should be bullish for the market.” - Qiao (0:00)
    • My prediction is we'll be higher. We'll be, in fact, breaking all-time high again by the end of the year.” - Qiao (0:00)
    • The main thing that worries me is that the good news cannot push the market up. That's generally a bad sign.” - Qiao (0:00)
    • The reserve currency, the US dollar, the reserve currency of the US dollar is actually the last thing to go. So even if, like, a lot of people say the US is in the late empire, so on and so forth, I would probably agree by the way, but let's say that's true. Even if that's true, the US dollar still has a long time to go.” - Qiao (0:00)🔒
    • The rise of layer twos this past year or half a year... layer twos now are combined are doing 10 times more TPS than Ethereum layer 1.” - Qiao (0:00)🔒
    • The regulatory environment getting much more friendly over the last 6 months... the SEC approving the Ethereum ETF, withdrawing their investigation into Ethereum as a security.” - Qiao (0:00)🔒
    • The fact that he's bullish crypto should be bullish for the market, and yet the market is not going up.” - Qiao (0:00)🔒
    • The US dollar still has a long time to go, and I don't think the reserve currency status of the US dollar will end anytime soon.” - Qiao (0:00)🔒
  • 🟢 $ETH - 🔒
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  • 🟢 $SOL - 🔒
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  • 🟢 $Helium - 🔒
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Bearish:

  • 🔻 $TON - 🔒
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