Doomberg
Resolved (1)
- ◐
Bitcoin will not bottom until the Tether (and Binance/Bitfinex) situation is resolved, after which he intends to make a multi-percent allocation.
“when tether is resolved and Binance is resolved and Bitfinex is resolved and all of this is sort of washed away, that's when we think the bottom of this sort of secular bear market in Bitcoin will be in. And that's a point where we would make a multiple percent allocation of our net worth and stick it in a safe somewhere”
Bottom was ~$15,460-$16,326 right around when he spoke (Dec 2022), and BTC went on to rally to $126,296 — so a bottom was indeed in, but he tied it to Tether/Binance/Bitfinex being 'resolved,' which did not happen; the bottom came regardless of his stated condition.
Open (1)
- ⏳
Doomberg would buy Bitcoin if the Tether situation resolved and price fell to $5,000.
“we said that the Tether situation would need to be resolved so that we could be more confident that the price on the screen was real and that if it then fell to $5,000”
BTC's low was $24,900, held at/above $5,000 (through 2026-07-01).