REGULATORY FRAMEWORK THAT CREATES TRANSPARENCY

This is the final flush-out that is happening, and some people have not hit the bottom yet. We just don't need to be discouraged by the big bearish headline that comes out, that is part of a market that is bottoming. No one knows that FTX will be in the situation that it was but what you find out in the bear market is that the tide goes out and money stops. It dries up for all these cryptocurrencies and you will see who is strong when that tide goes out. That is when who is being shady and then who is being legitimate that survive. They are going to be the ones thriving in the new bull market. That is the key that this happened.

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If we go back to 2008, the Lehman brothers made some very poor bets. It filed for bankruptcy, it was a kind of earth-shattering event bank in 2008. The market took about 6 months from there to the bottom. So that kind of makes me think the market reach bottom it bottom with 5 to 6 months out from FTX collapse. We don't for sure whether it going to be $12,000 or $9,000, we don't know yet. If you go back to the dot com collapse, you had Enron and Worldcom. These are two companies that were doing shady things their accounting in their books. They were fabricating a lot very similar to FTX, and now when the bear market comes there, they could not hide it anymore.

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You could go back to Bernie Madoff, he was continuing making are investors think they were just having amazing gains but when the bear market hit, people started to pull the market out. So he could not continue the pyramid scheme. September 15 2008 was when the Lehman brother crisis occurred and what we saw was that the market dipped and then had a little bounce. If you notice that Bitcoin is staging a little bit of bounce. But what happened was you had this kind of cascading sell-off that took the market into the March low. You should know that September to March is six months, and that made me think the market still has some downside because the is deleveraging will occur.

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You have companies out there that are involved, they had an investment with FTX and now they are distressed. What they will have to do is to sell off assets to become less distressed and that is going to be Bitcoin, Ethereum, and other coins holding. You are going to have this kind of multi months period where is going to be pressure on crypto in general because of the deleveraging that has to go on in the system.

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The FED is not going to do quantitative easing in this scenario but there is something else that will mark the bottom crypto which is when you get a regulatory framework that creates transparency. You have to have protection for regular investors where you can have this scenario continue to occur. Once you get that regulatory framework, then big money is going to come into crypto like never before.