2020 Trading & On-Chain Review with Willy Woo

“$100,000, I would rate as very conservative, probably overly conservative. I would rate $200,000 upwards as a sweet spot. $300,000 not out of the question, and I do not ridicule $1,000,000.”— Willy WooLocation: RemotelyDate: Tuesday 15th DecemberCompany: HypersheetRole: Co-FounderBitcoin has had an incredible year. Following the outbreak of the coronavirus, the Bitcoin price crashed to just below $4,000. However, the subsequent government bailouts and money printing has led to many fearing fiat currencies will suffer from high inflation, highlighting the importance of hard money.Since the lows in March, Bitcoin has gone from strength to strength, particularly on the back of corporate interest. MicroStrategy and Square paved the way for corporations to buy Bitcoin, and others are following. Over the last couple of days, Bitcoin has rallied to new all-time highs, reaching close to $24,000, but what makes this time different to 2017? And how high could the price go in 2021?In this interview, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the current state of the Bitcoin market, the catalysts for Bitcoin’s rally and what to expect in the coming year.This episode’s sponsors:Kraken - The best place to buy, sell & trade BitcoinBlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.-----WBD289 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.