Bitcoin At Crossroads As Banks Silently Close The Exits!(What You MUST Know) | Mike Alfred

**Scott Melker** (0:01)
Bitcoin is seemingly stuck at $70,000, while the rest of the world is volatile and shaking up and down all around it. Of course, when we say here in the title that banks silently closed the exits, we're talking about private credit and a whole lot of rumor that that market is going south very rapidly. And of course, oil spiked back over $100 a gallon. In the midst of this, once again, Bitcoin not doing very much, which I personally find is a very encouraging sign. And I would imagine my guess today, Mike Alfred also agrees. We're going to dive in to the market, what's likely coming and everything else right now.
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**Mike Alfred** (2:01)
Good morning.

**Scott Melker** (2:02)
How are you?
You got a little delay there, but I think we're good. Man, crazy markets, right? I mean, Bitcoin seemingly just like really just dialed in there at 70

**Mike Alfred** (2:14)
70,400.

**Scott Melker** (2:16)
I mean, you know, I wake up 68, go to sleep 72, wake up 70, 71, 69 As I sort of said in the intro, like with all that's going on, I find it actually quite encouraging.

**Mike Alfred** (2:29)
I think I think it's all very constructive. I think there's a lot of energy and effort being expended on the wrong things right now, like whether or not we go to 50 or 48 or something is sort of irrelevant if you understand what Bitcoin is, because if we ultimately end up at a million, then it will have been pretty dumb to not have bought a 50 or 60 percent decline this late in time, where we really haven't had a business cycle. We really haven't had a crypto bull market. We really haven't seen exuberance with retail, and yet you can still buy Bitcoin here in 2026, going into Q2 for $70,000. Now, you could have bought it at 60 or 62 That would obviously be a better price. And if we do go to 50, you would obviously would have preferred to buy 50, not 70 The issue is that sometimes these assets don't go to the prices that the chart squigglers and the kid analysts think they're going to go to. So they draw their squiggly lines and they say, look, the moving averages have crossed over. And if you draw a fractal from last cycle, we've got to go to 48 And if we don't go to 48, that's not the end because it's not a real bear market. And I'm just not sure this cycle is like any other cycle that's come before. So I'm not sure you can use an analogy or fractal perfectly and overlay it. I think there's too many cross currents. I think Trump's policies, I think it's time to say this, right? Even if you voted for him, like his policies have confused the shit out of the business community.
Tariffs have been a net negative. Overly aggressive immigration policy has been a net negative. The government shutdowns have been a net negative. Some of these geopolitical actions have concerned the market. And so we've lagged. We've delayed what would have been, I think, a nice bull cycle at this point. And now we're still coming out of, I think, a prolonged bear market. So that's kind of my view. And so I'm just interested in adding. What I'm not interested in doing is trading around and getting cute and trying to time whether the bottom is 62 or 61 or 48 or we've already bought them, right? Because I think that's largely counterproductive if your goal is long-term wealth.