Why Is Everyone So Bearish? | Weekly Roundup
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There's only three options here. This is the start of a bear market. Mhmm. This is a pullback in a bull market, or, this is the end of a four year cycle. I feel very convicted that this is not a bear market. So let me just, like, on the record, like, this is not a bear market. 20% chance, 30% chance that, like, four year cycles over, and, like, a 70 or 80% chance. This is just a bull mark market pullback. This episode is brought to you by Scale, the next evolution in layer one blockchains. Explore the gas free ecosystem at scale.space/ecosystem and follow their journey on x at Scale Network. T
much. It is it is one of those, one of those weeks, like, just months. It's felt like a a blur. Like, the time it's like the best it's like the best it was the best of times or the worst of times. Like, I'm looking at my timeline, and it's the polar opposite. Like, on one end, I'm seeing incredible headlines. Like, the SCC dropping pretty much every suit for every company. You have major companies like Robinhood, Stripe, BlackRock, like, doubling down, like Bank of America, Brian, the CEO, just talking about stablecoins. Yeah. Yeah. Yeah. And then you look at the charts, and I don't I'm not I
It is extremely negative. I mean, the fear the fear and greed index, which is kind of a pithy, you know, index, obviously, but it's like it is kinda telling you it's a it's a 10 out of a hundred, which I haven't seen it that bearish since, like Luna? Black Friday of no. Even Luna was, like, higher than 10, I think. It was, like, Black Friday of COVID, basically, or Black Thursday. Wow. Yeah. It's I mean, it's it's dark out there. I tweeted about having fun, and people were like, who the hell are you to tell us to have fun? I was like
Even someone like okay. Even someone like you know what surprised me the most? Eric Voorhees? What
did Eric do?
He I saw a tweet recently. It says, like, I was feeling depressed about the markets, and then I remember that Ross is free. Like, heart emoji. Zoom out.
I really don't get, like, why people are depressed. Let
me let's jump
let's let's jump into the market. So, like, right now, I should have pulled this up beforehand, but what's Bitcoin? So Bitcoin's at 84. Yeah. Soul is down to is it still at $1.40? 1 30 80
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