I Bought Bitcoin at the 2022 Bottom and I'm Doing It Again Right Now

Added: 2026-05-07

[00:00:00]Institutions are buying Bitcoin faster than it can be created. The government is about to become a buyer for the first time in history, and yet price hasn't moved. That is not a warning sign. That is a setup. Because when you understand what is actually happening underneath the surface right now, the supply numbers, the on-chain data, and what was quietly announced in Las Vegas last week, well, then you start to realize that the market is not pricing any of this in yet. And the last time the market ignored a setup this obvious, the people who were actually paying attention, well, they made good returns.

[00:00:36]So, let me show you why I believe that buying Bitcoin is your best possible move right now. [music] Why I've just entered two more long positions, and why I continue buying more. So, before we get into the nitty-grifty of this video, let's have a look at the current price action.

[00:00:51]Yesterday, we had perhaps one of the most important FOMC's of this entire year, and that caused Bitcoin to drop approximately 4%. So, Bitcoin ended up dropping below the 100-period moving average here, and earlier this week, we broke this large trend line that was established in early April. Now, I did actually put out on my Twitter just yesterday that this could be a potential fakeout. So, if you're not following the Twitter yet, make sure you head over there for daily updates. Now, the reason why is simple. Have a look at the volume. It is incredibly low, and it was really low whenever price broke out of this trend line. I actually longed the FOMC selloff yesterday, and I'm currently floating close to $10,000 in profit, and I've already taken a few partials here. Now again, I also called this out well in advance in my Telegram that this was perhaps a buy-the-dip situation. And if you want to join my Telegram, again, it's entirely free.

[00:01:45]Just head to the first link in the description, click this link, and you're in. So, last night, Powell stood up and told the world exactly what I've been saying for months. Yesterday, we had the FOMC meeting, and they decided to keep the rates at 3.5 to 3.75%.

[00:02:01]This is also likely the last call under Jerome Powell's leadership as his term ends in May. Now, Powell confirmed exactly what I've been saying, because he explicitly said on record, we've had four supply shocks, the pandemic, Ukraine, tariffs, and now Iran and the oil spike. So again, the Fed can't do anything because this is a supply issue, not a demand issue. It's also why the Fed are so internally divided. They feel stuck, but they also feel an urge to do something. That's why some of them called for no rate cuts, while others called for rate cuts right now. Kevin Warsh, who is going to replace Powell, again, Donald Trump's pick to lead the Federal Reserve, cleared a procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House's unprecedented efforts to exert control over the world's most powerful central bank. So again, Kevin Warsh is going to replace Powell and become the new Fed chair. Well, let's actually quickly analyze what has happened in history whenever we've gotten a new Fed chair.

[00:03:02]So, in 2014, we got Janet here, and shortly after, well, then Bitcoin dumped 80 to 81%.

[00:03:09]In 2018, Powell took over for the first time, and Bitcoin dumped an additional 73%. He was reelected in 2022, where Bitcoin continued its bear market with an additional 56% drop. Again, Kevin Warsh is meant to be replacing Powell in May, and the average decline after a new Fed chair is again 70%.

[00:03:29]So, the question remains, is history going to repeat itself, or is this time going to be entirely different? Again, only time will tell. But let's talk about something that a lot of people seem to forget. Every Bitcoin that was ever created was mined. Now, Bitcoin has a hard cap of 21 million Bitcoin, no more, no less. Only 21 million can exist. Now, about 20 million of that 21 million already exists. And of those, only 2.6 million are sitting on exchanges available to buy right now.

[00:04:02]Now, here's what's crazy. The US spot Bitcoin ETF drew the news with $2.4 billion in net inflows during April of 2026.

[00:04:11]That is the strongest monthly performance of the year, and nearly double the 1.3 billion recorded in March. So again, we saw $2.4 billion in inflows in April. That is four consecutive weeks of net inflows. And BlackRock's IBIT holdings have now exceeded $61 billion.

[00:04:29]In other words, institutions are not waiting for the next narrative. They are buying right now. But why is that important? Well, because let's have a look at the miners. So, since the halving in 2024, miners produce on average 450 Bitcoin per day. Again, we can also see it here.

[00:04:45]Following the April 2024 halving, approximately 450 new Bitcoin are mined per day. So, that is 13,500 new coins per month. Now, ETFs, right, are buying that in hours. And after the May 2020 halving, the supply obviously got cut in half, and institutions started buying because of exactly that. Bitcoin went from $8,000 pre-halving to $69,000 post-halving in less than a year. Now, here is why that matters. You see, there's a bill sitting in Congress right now called the Bitcoin Act. And here's pretty much what that means. The Department of the Treasury must purchase 1 million Bitcoins over a 5-year period and hold the Bitcoins in trust for the United States. So again, if it passes, it directs the US government to buy 1 million Bitcoin over 5 years. Now, here's the context that makes that number insane. The federal government currently holds roughly 328,000 Bitcoin worth around $25 billion at current prices. Now, every single coin came from criminal seizures, right? In other words, they have never actually gone into the open market and bought Bitcoin themselves. They have been an accidental holder, not an intentional buyer. That changes the moment this bill passes. The problem is, people have lost hope. That was until last week, where Patrick with the lead crypto advisor to the White House teased an upcoming breakthrough for President Donald Trump's plan to establish a strategic Bitcoin Reserve. You see, while speaking at the Bitcoin 2026 conference in Las Vegas, Whit confirmed that his team is actively working on the legal and operational details required to solidify the government's holdings. Every other time you heard this story, the reserve were theoretical. Today, that reserve legitimately exists. are already in it.

[00:06:32]And the White House is saying that the legal architecture around it is pretty much complete. So, they're not announcing a new plan. They're revealing the details of something they've already built. So again, on one side, you have retail selling the news on Bitcoin, and on the other side, you have institutions buying like there is no tomorrow. Simply because they understand the scarcity, and they understand that the Bitcoin Act is a legitimate possibility. And if that happens with the exchange reserves being as low as they are, again, Bitcoin is going to explode. Institutions know this, retail don't, and that's why retail sell and institutions buy. Now, the USDT dominance is also showing a massive sign of weakness here, okay? So, we had a MACD death cross while we simultaneously got a trend line break.

[00:07:17]Every other time this happened, well, then again, the USDT dominance dropped, and Bitcoin absolutely rallied. So, we are pretty much replicating what we saw here in October of 2023, where the USDT dominance broke a trend line while getting a death cross, and just absolutely melted. So, keep paying attention to the USDT dominant. The lower the dominance goes, the higher Bitcoin typically goes. And as I mentioned in the last video, right now, we're looking at a historical moment.

[00:07:45]You see, every single time Bitcoin broke an all-time high, just like it did in March of 2017, it took exactly 23 months for a bottom to be formed. We saw it again in 2020, the market broke a high, it took 23 months until the bottom, and guess what? It has been exactly 23 months since the all-time high break in February of 2024.

[00:08:13]Bitcoin has already started to move higher, and it has touched the cost of production, which also happened during every other bottom. And I don't know why people are not talking about this, right? We have literally broken a multi-month resistance level, and every other time that happened on Bitcoin, again, a massive rally followed. And we didn't only break a trend line in terms of Bitcoin's price action, no, we also broke one on the weekly RSI. So, every single time the RSI broke through a trend line, again, that marked the bottom for Bitcoin and a massive rally.

[00:08:45]Here in 2019, here in 2022, during the pullbacks in 2024, and in 2025, and once again, right now. The only difference is, this was a trend line break where the RSI was previously below 30. The only other times where this happened was again in 2022, and what followed was a 351% rally. And then once more here in 2015, and again, we got an almost 10,000% rally. Lastly, as I've mentioned before, metals have already started topping, right? Gold is coming down nicely here, same as silver. And every other time metals topped out, well, then again, that signaled a capital rotation and marked the bottom for Bitcoin before a massive, massive rally. So, we can only anticipate that the exact same thing is going to happen now. Again, ladies and gentlemen, I would highly appreciate to see every single one of you within my free Telegram group. I give away as much information as I possibly can. I appreciate every single one of you watching my videos. Again, no matter what data I look at, no matter how many people tell me I'm crazy, this is the exact time that I want to be buying. So again, thank you for watching this video, and I sincerely hope to see every single one of you in my next one. If you like the video, make sure to subscribe to the channel and like the video. Thank