"I mean, I think Bitcoin's going to keep bleeding against both the stock market and gold and energy and manufacturing. This is what it does in mid-term years. It's not like in this case is not different this time. It's actually this is how it always plays out. The only the only thing is different this time is there wasn't a blow-off top. So, we you know, not we like we weren't really coming off that euphoric feeling. And I think a lot of times when you have a euphoria at the end of a cycle, that euphoria can take like five or six months mentally to kind of die out."

"If you look at 2018, you can see it started in September. The S&P M2 factor would actually correspond to September. And you know, if that is the case, we know that Bitcoin, well we don't know, but I think Bitcoin might bottom in October. And so if the stock market were to top in September, then maybe Bitcoin would bottom out pretty quickly just because it would react to whatever the stock market's reacting to a lot quicker because it's just further up the risk curve. It would get hit a lot quicker than the stock market and potentially Bitcoin then finds that low sometime in the fourth quarter. Maybe as early as as October. "

"I have to think right now that the next low likely forms in June. And there probably will be a rally kind of like early Q3, July August which would then set up the final drop into sort of the September, October timeframe. And if that plays out, and we're sitting here in Q4, and Bitcoin is is is trading at a low price, I have a feeling there's going to be a lot of people that are bullish now that are going to be bearish then. But, that'll probably be the time to pivot. "

"So, we have now seen them cross. And you know, usually when they cross, the low's not immediately in like that's never happened before. I'm not saying it can't, but it's never happened before. Usually the month though, usually the low occurs within about one to three to like one to four months. Okay. So that could be anywhere between say like now and July, August, September, October, who knew, right? "

"My guess is that a low will form in June. You will get a counter trend rally in July that may persist into August. And then a correction in the stock market will cause Bitcoin to form its market cycle bottom in Q4. "