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00:00 Speaker A
This episode is brought to you by the number 74,500. That’s the price level that Bitcoin just dropped to in dollars. For months, 80 to 85,000 had been a floor for Bitcoin, but with gold and silver crash on Friday, crypto will crack too. And Bitcoin sold off over the weekend, but the dip was bought and we’ve seen a nice liftoff from 75,000. And it’s interesting to note that roughly speaking, about 75,000 was the 2025 low in Bitcoin, but at the same time, it was also the 2024 high. So it’s a huge level of interest as traders call it. So Bob, what are you making of these huge moves in both crypto and Bitcoin as well as well as well Bitcoin, crypto, metals? Do you sort of see this or see Bitcoin as a hedge in this market?
00:58 Speaker B
Well, I I used to before it started all this volatility here. and look, let’s face it, you know, some of this volatility is being driven by leverage, it’s being driven by margin, it’s being driven by people who, uh, you know, got late to the party, especially that’s the case with silver and gold, but uh, as far as Bitcoin is concerned, I do think it’s a viable uh, investment. I I I it it really got established when the Bitcoin futures market opened up and they started trading.
01:21 Speaker C
Yeah, 2018?
01:23 Speaker B
It gave it some legitimacy, right Jared? So for so I I think that um that Bitcoin here, uh if it trades around the $76 to $78,000 level is is a very important level. I mean that’s the 78,000 last year, Jared, was a spot where um a lot of big buyers stepped in. And it took it up to the all-time highs. Now, you know, Brooke, I’m not sure if these um predictions of 200,000, 250,000, even Michael Sailor said in what, 10 years, 13 million. I don’t think these I’m not sure how how how valid these are. They’re certainly
01:52 Speaker C
You take an envelope and you write on the back of it and there you go.
01:54 Speaker B
Yeah. I they’re they’re pie in the sky uh guesses and estimates, right? So, I mean, certainly, you know, he would love to see that happen, but, you know, at the end of the day, um, you know, it’s all about the markets and um, you know, the parabolic moves in silver and gold just absolutely astonishing.