Why Bitcoin Is Crashing Right Now

Speaker 1: 00:00

One of the most famous billionaire traders alive just said that this market looks like 1999, the year before the dot-com crash. But Bitcoin's own chart says that it's the end of 2022, the bottom right before Bitcoin's last bull run. Only one of them can be right. And if you own Bitcoin, which one it is decides whether this sell-off is the start of a real crash or the last shakeout before the next run.

Look at what you've had to sit through so far. Bitcoin has tried to break $87,000 again and again and failed every time. It fell under 81K and took roughly $800 million worth of traders down with it. And then this morning, the inflation report came in hotter than expected. And more than $1 trillion has been wiped off the U.S. stock market today before the closing bell has even rung. The AI stocks that have carried this entire market are cracking.