Nexo's Trenchev Sticking With $100k Bitcoin Call Despite Slump

The transcript discusses Bitcoin's potential to reach $100,000, highlighting its resilience despite bearish market sentiments. It explores libertarian views on Bitcoin, especially in response to the Fed's quantitative easing and fiat currency printing. The speaker argues that even if the Fed tightens monetary policy, Bitcoin may not be adversely affected. A contrarian perspective is presented, suggesting that significant market corrections could lead to a return to easing, as there is little political will to maintain high rates. The overall sentiment is that cheap money will persist.

What is the speaker's prediction for Bitcoin's price?

• It will stabilize at $50,000.

• It will reach $100,000.

• It will drop below $10,000.

• It will be banned by governments.

Why were the early crypto enthusiasts in New York bullish on Bitcoin?

• Because Bitcoin was a new technology.

• Because of the Federal Reserve's quantitative easing.

• Due to Bitcoin's environmental impact.

• Due to Bitcoin's high transaction fees.

What economic action does the speaker believe is unlikely to happen?

• A significant increase in Bitcoin mining.

• A sustained increase in interest rates by the Federal Reserve.

• A decrease in the use of fiat currencies.

• A global ban on cryptocurrencies.

What does the speaker think will happen if the S&P and credit markets correct by 20% or more?

• The Federal Reserve will continue to tighten.

• The Federal Reserve will return to easing.

• The stock market will crash completely.

• Bitcoin will become obsolete.

What is the speaker's view on the future of cheap money?

• Cheap money is here to stay.

• Cheap money will lead to a new financial crisis.

• Cheap money will cause hyperinflation.

• Cheap money will disappear soon.