Picking Winners: Time To Be Bullish? | 1000x

Speaker 0: The world the world changes if Bitcoin gets above 70 k. Very simple because then you get animal spirits coming back in.

Speaker 1: But the world changes if we're below 55 k too, then animal spirits start people start liquidating.

Speaker 0: I mean, you have Nasdaq at the highs. You have S and P at the highs, and BTC is not.

Speaker 1: Like you said, there's dispersion going on. There's chop. This is a time to consolidate the portfolio. Right? This is the time to, like, reduce line items.

Speaker 0: That's that's what I'm a 100% on on board with is just reducing complexity. In the book right now, there are gonna be things that are gonna do that are gonna do very well, and you can you can trade those. I think in in aggregate, you just want a more concentrated portfolio.

Speaker 2: This episode is brought to you by Perennial Finance, the on chain DeFi primitive redesigning derivatives for the DeFi native. You'll hear more about Perennial later in the show.

Speaker 0: Alright, guys. Welcome back to another episode of a 1000x. We have been chopping around for a while, but today, this morning, a very nice move from the from the crypto markets. It's the biggest candle we've seen in a while. And we finally gotten over that 65 k hump, and everything is up a lot today.

It's looking good. How are you feeling, Jonah?

Speaker 1: Feeling good. I'm long. Don't really know don't really know if I'm gonna get my chance to buy a dip or not, but I don't care. I mean, if this is the last time we it's like if we're never gonna hit 60 k again in Bitcoin, it's party time. I'm not gonna be complaining.