How To Trade Crypto Cycles with Flood
Episode publishedPodcast: 1000X1000X
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I think crypto is an inevitability in the sense of stablecoin adoption. Bitcoin adoption still continues to rise in third world countries as a way for them to opt out of their currency and monetary systems. And I think we will see this transition from Bitcoin being this hyper volatile three x levered Nasdaq to more of a safe haven asset or more of a countercyclical positioning for some asset managers very similar to gold, but it may take some time before we get there. So, yeah, good time to re underwrite, but definitely still long term bullish.
Alright. We're we are back with another thousand x podcast. We've got an awesome guest that probably a lot of you know. And for those that don't, he is an absolute OG, has been around the block, has been in Bitcoin forever, and has a lot of spicy takes on Twitter, both crypto related and not crypto related recently, which is which has been good to see. Welcome, Flood, to the podcast.
Yeah. Thanks so much for having me. I'm very happy to be here. I've been watching the Thousand X Podcast for quite a while, actually. I think since you guys started it, it's sort of on my, podcast checklist as I have time to kill throughout the day. So, yeah, you guys have been consistent and crushing it.
Happy to be here. Oh, well, I I I appreciate that. It's been it's been a fun ride with Jonah. Jonah's unfortunately feeling pretty sick today, so we're not gonna we're we're not gonna have him here. So it'll just you're you're stuck you're stuck with me and FLAUD, but hopefully, that'll be good enough. I'll start with basically I know that you've been in Bitcoin for quite some time, basically since 2014. At least for me, this has been a very, very, very weird last, call it, twelve months where it almost feels like the entire crypto space is getting disillusioned. I think people are people are
It's a question that everybody needs to ask themselves, especially during time periods like this where I think fundamentally everybody in crypto is pretty bullish Bitcoin or at least the ideologies of Bitcoin and sort of the ability to opt out of a monetary system that you have little input over. I think we all love the idea of that. But when you see assets trading the way they have, specifically Bitcoin when you compare it to gold or you compare it to, you know, indices or you compare to the flood of investment in AI and downstream AI related infrastructure, we've been lagging significantly.
I'm I'm actually curious about that process. Like, you you're talking about re underwriting re underwriting the thesis. I assume that you've done that. What does that what does that look like for you right now when you're looking at Bitcoin? Like what sort of sort of things were you challenging yourself on or trying to think about when you're re underwriting Bitcoin? I I think I think I saw in some chat somewhere that you were you were actually bought you were adding down here. So so presumably, you've got some conviction.
Yeah. Correct. So I we have a pretty standard process where if we really don't feel like we have anything good to buy, we'll probably just continue adding to our Bitcoin position. We're a trading firm at my family office that focuses exclusively on crypto and crypto related securities. So we'll trade things like Robinhood and Coinbase and other things. But really, we try and focus on not necessarily directionally trading Bitcoin, but trying to get better average entries than the average market participant and being a bit more tactical in terms of when we're protecting downside. When I think ab
Yeah. I think I think it's kin
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