Hey how's it going? I hope you're having a great day, a fantastic day wherever you are. So, I have been asked this a few times. I though I'd answer it here. What do I think of the current state of bear market and when are we going to recover? So, I went through this a little bit in 2013, 2014. During that time Bitcoin spiked to ... at the end of 2013 it spiked to around $1200 and then it crashed again to, [00:00:30] I don't know, $100, $200, $300 and fluctuated around there for a long time. Then it took all of 2014, all of 2015 all of 2016 and into the first quarter of 2017 to see 1200 again. So three whole years. Then it spiked, went to 20K. Then we crashed again [00:01:00] at the beginning of 2018. I really think it could be all of 2018, 2019 and all of 2020 and then at the beginning of 2021 it might spike again. So yeah, I think it's probably until beginning of 2021 until we see the kinds of prices that we saw at the end of 2017, but that doesn't mean there is not lots of opportunity. I think it's gonna go up during that time.
In my opinion, this is all [00:01:30] for educational purposes only, I just don't think we'll see 20, 21K etc until then. Then I think once it hits 20, I think we could see another 2017 in 2021. So if you are a trader and you have experience and or like trading during markets that are going sideways, you benefit from the ups and downs and you know how to make that work for you, I think you're gonna see a pretty good time here [00:02:00] in the next few years. All right, so that is my hot take. Again, this is not financial advice. This is for entertainment purposes only. Please, please, please, do not make any decisions whatsoever based on my thoughts. All right take care. Bye.
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