McCullough: Crypto Trainwreck(s) Worse Than Dotcom Bubble

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In this clip from The Macro Show on 5/11/22, Hedgeye CEO Keith McCullough breaks down the #Quad4 crypto crash, and why it’s even worse than the 2000-2001 Dotcom Bubble.

“In #Quad4 you know that crypto goes down, that’s what the backtest told you. Now you’re down -54% [from the peak]. And that’s on the thing that’s backstopping the stability (or instability) of stablecoins. There’s so much B.S. you can’t even keep track of it.”

“Nothing, in the history of me modeling anything… looks like these effing trainwrecks (Luna, Solana, Avalanche).”

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Tulip Bubble 2.0 is running out of colours and varieties

uckBayNguyen
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Michael Saylor should be in prison for stealing his companies investors capital

waynespringer
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And I am buying the dip with a smile on my face!

thehylander
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I saw the interview with Michael saylor, I think that this is funny how he includes saylor in the promo of the Bitcoin tracker telling you Bitcoin is shitcoin in quad 4

michaelislas
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Captain Sailboat's mind is just like ... as big as the cosmos

theloniousmonk
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He who takes advice from Bruce Dern has much to learn.

ufcvelo
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Saylor is annoying but he caught on to bitcoin pretty recently. I hope he chills a bit in the future. At least he won’t talk over you like Peter Schiff. 😂

jr
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McCullough was paying over $50k per Bitcoin in 2021. He knew it was overpriced then by 10x, but he was happy to tell his subscribers to pile in. He also had Saylor on to push his bs. This guy isn’t an investor. He’s a decent momentum trader, but he never owns his misses (TLT ytd).

rchicks
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Lets Get Physical..Physical..GOLD while you still can....

nunoalexandre