BTC Hits $80K Then Dumps… Trap or Setup? #CryptoTownHall

“Bitcoin once again took a shot at $80,000 and was rejected. I think no surprise here. If you take a look, though, there's a lot happening under the surface. Yet another near record breaking week for Bitcoin spot ETF inflows.”

“Actually, BlackRock options now have once again surpassed Deribet options in open interest, which is, I think, pretty telling of the institutional involvement in the space.”

“And it's this is one of I think, actually, what is even more interesting is we're giving, I think, for the first time, some legitimate fodder to the anti crypto army. Right? I mean, I think we had four years of the anti crypto army, and it was all irrational.”

“It's like the copied coins in the non Bitcoin blockchain that is a duplicate of the Bitcoin blockchain with the exception now hardcoded in that those coins can be spent by the creator of this hard fork rather than by someone possessing the private keys namely Satoshi. So it's kind of a violation of the very first promise of property rights in Bitcoin that your coin your keys, your coins.”

“And the founder, who is still in control of it, is, as you say, sounding tired and making vague threats to leave the project unless people treat them nicer. Well, welcome to this. You know? Like I will say that he he was on my show a couple months ago, and he was very, very convicted that the Clarity Act was a disaster that wasn't gonna happen.”

“This is so different from everything else that we're talking about. Right? There's nobody who can threaten to leave Bitcoin that would stop Bitcoin. I mean, Michael Taylor could say I'm I'm gonna sell all my Bitcoin, in in one giant whale move. It that would be incredibly self destructive to him.”

“If you like Bitcoin for the long term, FUD is great. FUD is when you can load up. If you were just holding and hoping it would keep going up, then, you know, I don't know in the foreseeable future when the sentiment is gonna flip.”