Ben Cowen: Why the BTC Bear Market Isn't Over & the Case for a Q4 Bottom | BMP Ep 11

**Benjamin Cowen** (0:00)
The reason why I'm a big believer in narrative follows price, and not price follows narrative, in terms of the four-year cycle, is Bitcoin does not have a monopoly on the four-year cycle. The S&P 500, for a long time, bottomed approximately every four years, right? You can look at this in the 50s, 60s, 70s and 80s. Can I look back and figure out the reason why it bottomed every four years? No, I couldn't tell you why, but it makes me think that something will happen, and people will blame them.

**Brandon Green** (0:32)
Hey, everyone, and welcome back to the Bitcoin Magazine Podcast. I'm your host, Brandon Green. Today's show, we have the doctor, Benjamin Cowen from Into the Cryptoverse. He is a prolific content creator about the markets as it pertains to Bitcoin. And he has very interesting views on the market and the cycles and how it's all kind of interplaying with each other. He has a very interesting view just on what we've seen over the past four years or in two years and an interesting parallel that we saw in 2019 And so this is a very informative conversation. I actually had a great time really getting to know him. It was my first time talking to him in person. So I'm very excited to share it with you. And without further ado, ladies and gentlemen, Dr. Benjamin Cowen. Welcome everybody to the Bitcoin Magazine Podcast. My name is Brandon Green. I am your host. Today we have the Benjamin Cowen from Into the Cryptoverse.
Ben, how are you doing?

**Benjamin Cowen** (1:37)
Doing pretty well. A little bit tired, but for the most part, doing great.

**Brandon Green** (1:41)
Yeah, well, tired can always be a good thing, especially in times like these. This kind of bumbling bear market we've been in that doesn't seem to want to make up its mind. I know we can definitely talk a lot about what the Bitcoin kind of market has been doing. But before we get into that, I wanted to just kind of give people an introduction to you a little bit. You were obviously a postdoc at Sandia. You're a NASA researcher. You started your YouTube channel about Bitcoin in 2019
What made you sort of take that jump in and made you go all in on Bitcoin a few years ago now?

**Benjamin Cowen** (2:25)
Yeah, I guess I got interested in crypto back in 2011 But when I got interested in crypto, it was not cryptocurrency. It was more so cryptography, right? So my undergrad was in math and we were, we had to take electives and whatnot. And so my junior year of college, the elective I chose was cryptography. And then through that, I learned about Bitcoin. So then over the next two cycles, I made all the mistakes you could possibly make. And I still make mistakes, but back then I made all the mistakes.
And then in 2019, after kind of learning a lot of lessons the hard way, especially with diversifying a lot into altcoins and whatnot and kind of seeing the mistakes that led to and how they just bled back to Bitcoin over a long period of time. I like, you know what, let me make a YouTube channel and talk a little bit about some of the stuff that I've learned. But it was all from an academic perspective, right? Because I started it, again, while I was doing a postdoc in high energy density physics. I actually vividly remember, I was at a conference, a high energy density physics conference in Portland, Oregon in 2019 in June. And I gave my presentation. And then that night, I went up into the hotel room and recorded my first YouTube video.
And-

**Brandon Green** (3:47)
Do you remember what it was about? First video?

**Benjamin Cowen** (3:49)
Some altcoin, I think. I honestly don't even know, honestly.
So some of the first videos I did were on sort of like random thoughts in the market. And then one of the reasons I didn't even talk about Bitcoin at first was because I was told, it was very, very bad advice. But I was told that the market was already saturated with people talking about Bitcoin. So I should focus on other things. And so I did it first and I was like, you know what, this is complete nonsense. I mean, Bitcoin is the market. You know, like it leads the entire bull market. If Bitcoin is in a bear market, it takes everything down with it. You know, like it is the market in a lot of ways, the crypto market. So I started talking about Bitcoin. And then once I did start talking about Bitcoin, that was when my channel really started to grow.