Bridger PenningtonFund Launch & Investment Expert

Bitcoin Update From a Hedge Fund Manager

25 Jun 2024 · 1 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube video titled "Bitcoin Update From a Hedge Fund Manager" (published 2024-06-25). It features a hedge-fund manager-style market update (the speaker references running a crypto hedge fund with a partner named Dan) commenting on Bitcoin falling below $60,000, comparing the current cycle to 2014/2018/2022, stating they believe the market has entered a bull stage, and predicting strong upside over the next 6–18 months while inviting viewer feedback. The excerpt reads like a single-host commentary/update rather than an interview or multi-person dialogue.

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Bitcoin is below $60,000. So what is going on? Bridger, why is it going down? Well, there's more sellers than buyers. That's why it's going down. As you guys know, me and Dan run a crypto hedge fund. This is how we think of the market currently. Okay, this is the 2014, 2018, and 2022 markets. We started our fund during this bear market, actually did very well. We've gone through the accumulation stage, and right now we are— we believe we have just entered the bull stage of this market. So when it drops, great, let's buy some more. When it goes down, let's get back in. Um, use this video as proof the next 6 months— we believe we are on a huge trajectory over the next 6 to 18 months. But let me know what you guys think down below.