Bitcoin Crashes: How Low Can It Get? This Is The Floor | Jake Boyle

Learn more about Caleb & Brown at: bit.ly/candbdavidlin
Jake Boyle, Chief Commercial Officer at Caleb & Brown, discusses the recent Bitcoin price drop and gives his forecast for what's next.
*This video was recorded on April 30, 2024 and is sponsored by Caleb & Brown
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For business inquiries, reach me at [e-mail]
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
0:30 - Bitcoin price recap
2:11 - Post-halving cycle
3:36 - Altcoins and BTC dominance
5:50 - Bitcoin's floor
6:55 - Bitcoin price forecast
10:42 - Bitcoin's use cases
15:09 - Bitcoin vs. stablecoins as payments
19:10 - Bitcoin adoption worldwide
21:00 - Trust in crypto brokers
25:20 - Crypto proof of reserves
28:46 - Selecting cryptos to list
33:45 - Caleb & Brown's edge
35:22 - Bitcoin ETFs
37:00 - Future of crypto brokerages
38:10 - Brokerage vs. DEX
39:00 - TradFi banks and crypto adoption
41:30 - FDIC insurance for cryptos
#bitcoin #crypto #investing

[@TheDavidLinReport]

Learn more about Caleb & Brown at: bit.ly/candbdavidlin Is Bitcoin heading much lower from here, or is the pullback over? Comment below what you think will happen next, and don't forget to subscribe!

[@europana7]

ETFs can support the market, but conversely, it can also sink the market, no?

[@Gladiator-qu7co]

It's heading down to low 50s...52k...

[@JungleBoogie786]

Low 15k

[@stephenhumble7627]

The more fuel you thrown on a fire the faster it burns - a Ponzi scheme goes thru a life sequence and it's always terminal they are never sustainable - price could go to zero as that's all it's really worth - a number in a ledger with no meaning and no reserve value.

[@GeorgSchwarz960]

❤️I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stock market but now making around $7k to $10k every week trading different stocks and cryptos

[@alicecatalina4328]

How? I know it's possible, I would appreciate if you show me how to go about it

[@GeorgSchwarz960]

I will advise you stop investing on your own and seek for guidance from a professional, I don't invest on my own anymore, I always required help and assistance

[@GeorgSchwarz960]

from my personal Financial advisor

[@SusanNguyen-wc4sx]

YES! that's exactly her name (Julia Rosa) I watched her interview on CNN News and so many people recommended highly about her and her trading skills.❤

[@MarkGrant-sm1iu]

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week

[@lucasbagno2951]

What is the best strategy to enter crypto trading now for someone with more or less than $7000?

[@tarupollanen4008]

You need a pro or very goodTrader. Someone like Stephany Reuben

[@danieltarran8370]

Steph excels at capitalizing on economic shifts and I have confidence in her trades

[@sergioromanos8907]

Almost gave up trading due to constant losses, but Steph turned my luck around

[@sergioromanos8907]

Now they yield about $13000 monthly

[@lucasbagno2951]

any idea on how i can get ahold of her?

[@jrgb9945]

So basically, this guy is running a low rent coinbase shitcoin casino-hilarious

[@Maaahk]

Thank you for your videos mate.. The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. But all thanks to Whitney Eston. for her amazing skills for helping me to earn 11.6 Btc through trading chart. I believe we are in the spring phase..

[@Maaahk]

She's often interacts on Telegrams, using the user-name.

[@Maaahk]

@WhitneyEston

[@lazeade]

Building a good investment portfolio is more complex so I would recommend you seek Whitney support.

[@Luther220]

Venturing into new investment avenues shows your proactive approach to financial growth amidst these uncertain times. Diversifying your portfolio can help manage risks effectively.

[@Daianasaal]

I have also traded for sometime with Whitney. She is very insightful and understanding. She is also a patient teacher...

[@user-cj7gc5fe9b]

I’m up 94% on my AMS91K$. Wish I’d snagged more. How & when do you ADD to your WINNERS?

[@CodingAbroad]

It’s lost over 90% of value in one day, what on earth are you talking about?

[@bennylava8717]

@@CodingAbroad bot gonna bot

[@jiipee777]

Bot

[@ErnestoFavor76]

I'm up 100 million gazillion as well 🎉

[@Fearzero]

This is basically an infomercial. These middle men are unnecessary in the crypto space.

[@Gladiator-qu7co]

Agree !!

[@davidjaylaw1920]

BUTTcoin a Limited Supply of Absolutely NOTHING

[@BubbaShaffer]

David Lin's on air personality is got to be the best in this space I like how he appears calm and un-phased with some of the answers and is able to ask questions that drill deep into his guest thesis. I am not observing this just with this interview but every time I watch/listen to his episodes. A great talent!!

[@cjb8993]

"Been in crypto since '11". You needed to be a programmer on your Macintosh to be "involved" that early. Sure, sounds legit.

[@crazycaptionsloco5070]

THIS GUY DOESN'T HAVE A CLUE... WORD SALAD GUY .. 😅😅😅

[@turrafirmaguitarchannel]

I don’t agree, he runs a crypto exchange ffs. If I have a criticism it is the massive plug he makes for his service.

[@ScorpFin]

I agree. This boy is clueless and sounds like he's reading off a script.

[@chrismcconkey9543]

Example ? Or are you just talking shit ?

[@carmona_design]

@@turrafirmaguitarchannel I agree with you. He mentioned that most limit orders are between 55-60k.

[@eh7599]

Thousands of years say buy GOLD

[@globalpropertyinvestment]

They didn't have computers, tech, and better alternative assets thousands of years ago. Just as we do not hunt with spears and live in mud huts today, we have moved on to better things.

[@mrEz87]

He's been in BTC since 2011? Lol... the only thing you were trading back then were pokeman cards. Smells like another Mashinsky if you ask me.

[@zeroDOLLARg-Ro]

He's 39 years old. That means he got in when he was 25... Doesn't sound that unbelievable to me 🤔

[@turrafirmaguitarchannel]

Smells like teen spirit.

[@jakerb_]

To be fair I was also trading pokemon cards then too haha. BTC could practically only be bought via OTC and eventually local bitcoins. Cash at a starbucks OTC

[@mrEz87]

@jakerb_ you have no subscribers- either you're fake and pretending to be the man OR are the man, and without subscribers or a following how do you expect people to trust you with their 💰 ? Which is it? 😅

[@davidjaylaw1920]

​@@jakerb_ NSA paper How to Make a Mint: The Cryptography of Anonymous Electronic Cash from 1996 explaining the concept of SHA-256? Cryptographer on the NSA paper named Tatsuaki Okamoto/vs. Satoshi Nakamoto and their Obvious similarities? An Enviromentally friendly Blockchain 'computer game' that needs to use 200 Billion kilowatt-hours of Electricity/ 117 million barrels of oil per year? Chivo Wallet rolled out in 2021 in El Salvador, with currently less than 1% of business transactions actually being completed using BTC? The Greedy push for SEC approval to monitor & control Several Spot ETF'S operated by the likes of Deceptive Black Rock, Fidelity & VanEck? BTC was supposed to provide Stable, Affordable, Secure and Fast transactions, and it's currently failing to provide the majority of these qualities. Is BTC really the Monetary Savior for humanity? or yet another NSA/CIA psy-op playing off of our GREED to gain trust/acceptance into crypto, only to intentionally crash BTC and eventually usher everyone into their state mandated Safe and Effective Dystopian CBDC? If only JFK's head was still here to help explain it more clearly to us all...

[@ufc8888]

@David you are just cranking out quality interviews back to back

[@jb3931]

Yes I am sure you have been in the market since you were 10 years old. Yep sure.

[@TortolaBeachBum]

Lmao. 😂

[@jakerb_]

I shouldnt have shaved before the video 🥲

[@davidjaylaw1920]

​@@jakerb_NSA paper How to Make a Mint: The Cryptography of Anonymous Electronic Cash from 1996 explaining the concept of SHA-256? Cryptographer on the NSA paper named Tatsuaki Okamoto/vs. Satoshi Nakamoto and their Obvious similarities? An Enviromentally friendly Blockchain 'computer game' that needs to use 200 Billion kilowatt-hours of Electricity/ 117 million barrels of oil per year? Chivo Wallet rolled out in 2021 in El Salvador, with currently less than 1% of business transactions actually being completed using BTC? The Greedy push for SEC approval to monitor & control Several Spot ETF'S operated by the likes of Deceptive Black Rock, Fidelity & VanEck? BTC was supposed to provide Stable, Affordable, Secure and Fast transactions, and it's currently failing to provide the majority of these qualities. Is BTC really the Monetary Savior for humanity? or yet another NSA/CIA psy-op playing off of our GREED to gain trust/acceptance into crypto, only to intentionally crash BTC and eventually usher everyone into their state mandated Safe and Effective Dystopian CBDC? If only JFK's head was still here to help explain it more clearly to us all...

[@projectkj7643]

TIMBER! I’m just not looking. Wake me up when it’s over! Down almost 8% so far today. I’m staying long-term optimistic! 😁

[@juanreese6933]

One of his better guest….articulate, forthright, confident, direct, but sensible. Gives you something to think about at the very least

[@DC-dk1bo]

Love it or hate it....Respect David Lin so much content just awsome thank you I love it btw lol

[@matthewgrande4038]

it’s definitely not the floor

[@FixItJoeCool]

Great question David! As usual! Keep up the great work!

[@markjameswilkes]

Use case?

[@jeppebjerring-srensen1524]

New hair stylist.....? 😅😂❤

[@josephdeutsch]

0:56 the narrative vehond the halvong was bullish - supply-demand argument, but now a bearish tape is also part of the narrative. Just like the speculative asset itself, the story morphs with the tape.

[@brodyllc]

What is going ON 😂 19 seconds in..

[@daner3681]

Amazing interview

[@malceum]

Bitcoin peaked early this cycle. The media hype about the halving was a major red flag.

[@MrEvoRepsol]

Wow CB on DL Report 🔥🔥

[@eh7599]

Buy gold

[@BubbaShaffer]

Check out Monetary Metals where you get paid a yield in Gold. Just opened my account 6 months ago

[@user-so8pd6sr7i]

Caleb & Brown is a great brokerage firm 👌

[@advwxyz]

Really good interview.

[@choski76]

Great question on Caleb Brown's solvency. I couldnt trade on 4 exchanges when trades got hot. E.g. doge in Jan 2020.

[@TheAed38]

I'm not trying to be ageist here, but I think it would make more sense if the "experts" were old enough to legally buy a 6 pack of beer.

[@CryptoCafe2012]

😂😂😂😂

[@francisleong7989]

agreed. it looks more like an advertisement for his services..

[@johngammon963]

You called out your own ageism before you were ageist.

[@SkipDulcet]

you're on fire this week Dave!

[@JW-dc8hk]

Great guest, great interview. Awesome job 👍💯

[@Revuelto24]

Great content

[@reecemccullough4829]

Hes more optomistic then last cycle about bitcoin. Last cycle he was 15 and worried about his science test haha

[@Gladiator-qu7co]

Lol, indeed, such a punk !!

[@grigorejomiru8820]

Well pointed about talking history where emotions are not in the game

[@daledj6768]

You are in btc or not

[@davebellamy4867]

This will either age well or very badly. Next day, down 3,000. May bounce of course.

[@nauy]

Yeah. All that unprecedented institutional support and it is still going down. This kid is going to find out the hard way that institutional money is just stupid money but in size.

[@chrismcconkey9543]

Bro … retail is net short… so unless you think retail is about to make a bunch of money … I’d revise my thesis

[@nauy]

@@chrismcconkey9543You sure it’s retails that are net short? The huge short positions are carry trades put on by leveraged funds to capture the rich futures premiums. Doesn’t look very retail to me. Besides, these shorts have been there for months now. No squeeze in sight, not even during the Powell pump n dump in equities today.

[@nauy]

@@chrismcconkey9543You sure it’s retail that’s net short?

[@Notaslave1961]

Great Hair David,

[@mmagee13]

Too much "splaining away" for BTC's recent drop = still way too much bullishness for any near bottom = be prepared for a HUGE crash.

[@PaulbylPaulbyl]

Bitcoin will go to zero once the tulip festival is finished.

[@_-Wade-_]

Have fun with fiat debasement!

[@kyner803]

How many rallies did the Tulip have?

[@_-Wade-_]

@kyner803 Not 15 years worth...

[@Johnny-rj6ou]

In fact, tulips were a better investment as one at least owned a bulb. Bitcoin has a price but no value. It's one giant ponzi. I made decent money on cryptos but never really got it and saw it as a gamble. I came out ahead but there is going to be a lot of tears when this is over.

[@_-Wade-_]

@Johnny-rj6ou There's a lot of tears in a debt based FED cartel system...

[@Happytruth]

Withdrawing is the most important part, Coinbase mysteriously goes down when it’s most needed this company sounds decent!

[@12ntim]

When everyone is saying the same thing, expect the opposite.

[@1969MAN]

Explain that ?😃

[@markjohnson1460]

real questions is how much is being bought on credit

[@user-wm6ci9lr4o]

Block Sailor's explosion is the driving force of change!

[@danb5595]

You said value?😂

[@Hasse479]

There should be a way on youtube to block scammers spamming about the ams91 sh*t

[@Toruk.Makto.Dracarys]

Now that we have a BTC ETF & ETH ETF is right around the corner, who's next SOL, GRT or maybe LINK❓ 🤔

[@TortolaBeachBum]

ChainLink

[@Coover90210]

None of the above. They are obviously securities, ETH being the poster child with its promo videos starring Vitalek as Clown Executive Officer. SEC will not approve.

[@TOMinPDX]

About half way through listening to this on the podcast I thought it sounded just like a sponsored interview & lo-and-behold in the video description it says exactly that. I'm not listening to the rest. David should be more upfront about sponsored interviews and tell viewers in the introduction that the person is not just a guest but a sponsored guest.

[@SF-ow5ru]

It's eventually going to 0. If someone is smart they would sell now. And no, i dont hold btc.

[@InAVanByTheRivr]

The more your read and learn about bitcoin, the more you believe in it and where its going. You need to read more.

[@johngammon963]

@@InAVanByTheRivr No, he should carry on doing exactly what he's doing 🤫

[@InAVanByTheRivr]

@@johngammon963 lol oh right! Nvm my mistake, carry one selling bud! Someones, gotta sell after all

[@SF-ow5ru]

The big smart money is selling. The dumb money is hodling

[@senorgringopapi2059]

Buy the dip!

[@dirkpoulsen]

Alex at Celsius claimed the exact thing. Also, your crypto is safer than any bank. End result: lost 75% of coins in Celsius bankruptcy, very lucky to get back 25%. Not your keys, not your coins!

[@musclerussell8109]

Don't get caught holding

[@modelmark]

As programmers get arrested, more and more future projects will have anonymous founders.

[@60435]

David is legendary if it comes to making up questions OR the guest is just kissing Davids ass after every question.

[@ronfesta771]

Me thinketh and yet another interesting., Big Fish story from a seasoned.......investor🤑🤪😁😉

[@atapene]

Golf course answer is the worst "answer"

[@INeedsMoneys]

Down 4%... IT'S A CRASH!!!!!

[@maxs351]

I listen to GARETH Soloway only regarding BTC 😊

[@SledgeHammered]

Unlucky for you. He's one of the shittest their is

[@eduardoreza409]

Brace yourself for the seismic impact of Block Sailor's explosion!

[@francisravenscroft-dw6gi]

what? Its nothing more than a speculative asset- it s not backed and has no third party risk support- so if it goes to zero- that is what you get.

[@stevemccormack9948]

I wish that half the talk about Bitcoin was reflected in the incresse in value of BTC. Prediction - by 2030, BTC goes to 300k - not more than 500k

[@boonedocksfl2012]

Yea institutional money is in but that doesn’t mean they’re always buying and have the instruments to short

[@IdentitiesWW2]

So Bitcoin has gone from 150k by the end of the 2024 to 100k in the next 2 years. Crypto is always next week, next year etc etc

[@MetaPhysStore0770]

What a lovely accent😄

[@danb5595]

He said there are companies that even accept Bitcoin 😂 I definitely need some. It’s decentralized anyway

[@DogWater2011]

Some experts said it was going to hit $1 mil later it dropped to 20k. Some expert cam on here and said it will drop to 11k few months later it hit 70K. Now this guy says it will go up to 100K. 🤷‍♂️

[@preciousndlovu6411]

1 day bitcoin is going to a million, next day is bitcoin is crashing?

[@1969MAN]

Yeah seriously main rule is to not put enough that you’d want to die if it crashed

[@mikeoz4803]

'this is the floor'?? Really. My local village gypsy disagree's. Apparently it will go into the high $50sk

[@georgemoller2206]

Iran attacks Israel, Gold up Bitcoin down, question - Which one is a store of value?

[@ntfsntfs5282]

Bitcoin is the ultimate truth, ultimate store of value, absolutely the best not just crypto but the asset, true real and the only thing you ever need in your portfolio Buy the dip. It will 100x from these leves

[@user-ol7tl1vf5m]

Bitcoin is centralizing the world’s energy storage, establishing itself as a foundational element of the global economy and the principles of generating and exchanging energy among individuals.

[@jb0502]

56K already

[@leydifranco1140]

Intrigued by Block Sailor Token's potential to transform the investment landscape.

[@ryanwithbaobao7325]

Solve problem? Well solving not having enough money is one of them for coins 😂

[@Mat-hh6hj]

Kids it’s not real 😢

[@TheBeav30]

We live in a simulation, we aren’t real

[@Immigrationsituation]

What's real? Fiat? If the rich all need somewhere to transfer funds out of big governments prying eyes. If countries need to do a shady deal. So many reasons bitcoin will survive.

[@oscarellis2563]

​@manwthaplan yeah transfer your funds into SBF private piggy bank 🤣🤣🤣 it's decentralised they also said 😂😂😂 lets not forget untraceable 😂😂

[@IPTV-Player]

This Chinese dude is well informed

[@PierreMarch]

Those gurus are never bearish. Never. Follow them at your own peril. I am glad I regularly take profit in crypto.

[@ntfsntfs5282]

Bitcoin does not fall, this is its potential that rises with each passing hour 1M very very soon and 1B even sooner The best asset, the best crypto, the best coin, the best everything, better than real estate, better than gold or silver it will 100x from here

[@userjoe4321]

LOL Good luck

[@choski76]

As a us citizen i would only use a us company. No recourse with an overseas company

[@SeRadoful]

180k Next sommer

[@musclerussell8109]

Yes it's at 56000

[@joshanderson3640]

It already did 70k to what 15k. So that is possible again. Especially now with the EFT

[@brockleybob5449]

There is a limited supply of bitcoin, that's the difference, end of!

[@JackWilson-hx5oy]

This bitcoin crash will definitely make the market unbearable.

[@1969MAN]

Is that a pun?

[@dr.k.math.777]

Not your keys not your coins.

[@alphaomega9198]

Right Definitely protect your own crypto ..

[@Rittlesleo]

You can never go broke taking a profit.

[@kurtisjohnson]

Support ~$50K ... hope it gets that low and even lower

[@Dino-pk5hc]

~$50k ?? this is BS if this happens ! ALL 'experts' in KZbin told everyone that to buy at $59 ! are these guys making money out of people ?

[@Mint-kj9kw]

@@Dino-pk5hc I hope you are being sarcastic....who listens to KZbinrs???

[@Dino-pk5hc]

@@Mint-kj9kw well, 'not all' bitcoin investors are 'experts' and relies HEAVILY on these experts on KZbin and X, that most likely followed their advise ! ... I hope these are just coincidence and not these experts KNEW IT ALL along to make profit from these poor investors !

[@nerios.v]

It can go as low as 29k according to power law.

[@animalsarebeautifulpeople3094]

14k is where I will start to dca in

[@rickpearl1529]

Speculators not investors

[@jolly1039]

He looked like a soy latte left wing drinker.. he is going to loose lots of money

[@Fearzero]

It's 'lose,' and y u so daft?

[@pwrighter]

As a broker he doesn’t need to own crypto so he just rakes in on turnover.

[@jakerb_]

oh man id rather hold BCH than drink soy milk

[@Fearzero]

@@jakerb_ I'd take the soy milk. At least it has health benefits. BCH just makes people stupid.

[@user-vj7qx1zy2b]

Bitcoin going to zero. Fools Gold. You got played.

[@itsreza]

You are a genius BUT it's been going to zero for the last 13 years and now its going to minuz - 000 🤣😂😅 We got rich and YOU GOT PLAYED 🤣😂😅

[@MultiTestPage]

"Bitter, party of one pls.. "

[@userjoe4321]

Everyone claims that they bought BTC at a low price 😅 Bag holders everywhere!

[@dylannewsome7199]

Okay boomer

[@userjoe4321]

@dylannewsome7199 I'm young and buy gold and gold mining stocks. The smart money is buying gold - including central banks. You can buy crypto. Good luck 👍

[@The_Jas_Singh]

Why does Jake keep saying that almost every question is "a great question"?

[@kiwicam6419]

Cause David is so awesome 🤷

[@jakerb_]

to be fair the questions were great! haha

[@choosiewhoo1700]

Bitcoin had just started to decline and it still got a long long way to go down ! Stay away from bitcoin for the time being. 😥😥😥😥😥😥

[@tomgrundy5060]

Just another kid pumping his own bags how people take these guys seriously is ridiculous lmao

[@itsnowjoke1381]

Trade 100’ of different coins for clients 😂😂😂 what could possibly go wrong

[@chrismcconkey9543]

The bearishness and toxic anger in these comments is making me super bullish lol , retail is always wrong. So I’d prepare for a turn around if I were y’all.

[@wustachemax]

Same. Everyone gets emotional and upset when the market corrects 15% lol. When it rallies up the same clowns come out of the woodwork asking "is it too late to get in" 😂

[@DoughnutswithSprinkles-wq4vo]

100% infomercial.

[@jeffsurfanderson]

The only thing that will be outside of the system is a Bitcoin that is not financial and gold and silver which I hold. When this country was founded and the Constitution was made in the Constitution was said that gold and silver would be legal tender not Fiat and not any other forms people should start reading the Constitution and start following it again that's the only thing that's going to save them so hold gold and silver

[@whdndrn]

Is there another that has limited supply.

[@BogartFK]

Ondo finance

[@Leegould-zs3vh]

Crashes? It's up 107% yoy