Ivan discusses the current Bitcoin market. He notes Bitcoin has been stuck between $50,000 and $70,000 for 27 weeks, similar to a 31-week range last year.
Ivan states September is typically a down month for Bitcoin, with an average -4% return. However, he believes October is historically Bitcoin's best month, with an average 22% return.
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He thinks Bitcoin may end September slightly negative, but October is when the "big prize" will come.
He addresses concerns the bull market is over. He says the current sideways movement is difficult, but the real bull market hasn't started yet. He emphasizes the importance of holding through dips, as crypto is never easy, and those who wait will be rewarded.
Ivan also discusses problematic meme coins and overvalued VC-backed coins. He suggests the middle ground is strong, fundamental coins with limited inflation and real use cases.
Overall, Ivan remains bullish on Bitcoin and crypto long-term, despite the current consolidation and volatility. He encourages focusing on fundamentals, as he believes the true bull run is still to come.
