Is Bitcoin Cooked? Why Has It Stalled Compared to the Stock Market?

Hey Satsmate Stackers, I hope you have all been having a great start to your summer! It is crazy right now to see all these names in tech go up 20, 50-80% in just a matter of days. We are what I believe to be approaching peak euphoria in much of the stock market, and I'm sure many of us in Bitcoin are asking the same question: Why has Bitcoin stalled, or traded sideways during this period? It can be very difficult to see everyone getting massively rich off their trades, but I think there is a reason behind all of this. In this podcast, I discuss my current sentiment on Bitcoin and some of the reasons for neck-snapping returns in the stock market. Specifically, I go over the following: No, I don’t think Bitcoin is cooked, but there is a huge divergence in the stock market and what Bitcoin has doneWhy is Bitcoin this weak right now compared to the stock market?Many people who bought the ETF didn’t really know what it was, and it is the first risk-off thing they will get rid ofLack of conviction amongst many new people entering the spaceThe stock market is getting carried by the top 10% of AI and tech stocks, but bitcoin isn’t an AI playThe community (as mentioned previously) is near all-time lows; people’s conviction isn’t thereA lot of infighting in the community (some examples)Paper exposure is likely at an all-time highI believe we are in a bear market in terms of the bitcoin cycle, so that is contributing to this as wellMany of the top 10% of society are pumping up the stock market, and something has got to snap soonUnsustainable p/e levels, a lot is similar to right before the 1929 crash or the 2007 market crashPeople could be losing faith in it, and price suppression could be occurring with hedge funds, and othersI’m still very bullish right now, given macro uncertainty, future money printing, and the need for a global neutral money to settle trade inI don’t think the dollar or the yuan will be used to settle trade in the future; we will need a global neutral money to do thatDirectionally, I think it is good that it isn’t correlated as much, not ideal for holders like me - but still something that isn’t awfulStocks further have a lot of flows from pensions, indexes, passive investors, and bitcoin doesn’t have this reach as muchIf you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.Best Regards, SatsMate StackReferral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMatePrimary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.https://use.foldapp.com/r/HTFKVY9Lhttps://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzjFinancial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.Send us Fan MailSupport the showYoutube: SatsMateX: SatsMateInstagram: SatsMateswebsite: https://satsmate.wordpress.com/