Why Prices Are Crashing & What's Next—How Mike Nadeau Called the Cycle

Begless nation. This is Ryan Sean Adams. I have Michael Nadeau here from the d five report on the podcast today. Michael, we are fresh back from holidays, man. How were your holidays? How was Thanksgiving? Did you get any weird crypto questions from your family? Fantastic Thanksgiving. I appreciate you asking. I'm, I'm actually on the road right now down down to Florida. But now I've had a nice little break, talked a little bit about crypto with the family. My dad's, flying high. He's actually more of a a gold bug, so he's pretty excited about gold right now. Yeah. He should be. Yeah. Enjoying the break. Hopefully, you have as well. Yeah. I have. Definitely. And, hopefully, your family members were following the DeFi report because you made some calls that actually held up very well, and, they should be pretty happy for for receiving them. There's a few things I wanna talk about today on the agenda. There's definitely no sugarcoating it. Crypto prices are down bad. At the time of recording, we are well below 3,000 on ETH price. And I don't know. Are we 85 k, something like this, on on Bitcoin? We're recording this on there. I think so. Yeah. Monday, December 1. We gotta talk about that. It feels like investors are moving towards the acceptance phase that this is more than a pullback, that maybe the cycle is over. So, Mike, I wanna get your perspective on what happens next. And one of the things you've done is really called this cycle better than pretty much anyone else I'm following closely. So I gotta ask you how you saw this in advance, what data you used, and if some of that data can be used to help us predict the way out, the next leg up. Hopefully, there's some hope here. And most importantly, I wanna find out what you are doing now when you're buying back in and what assets you're looking at. You've told me before, Mike, that you actually get more energized during bear cycles, during the the big long term dips. So are you feeling energized right now? You know, there there's been a lot of negativity, you know, on crypto Twitter, and I think people are are, a little soured by this price action out there, I do feel energized. And I think my long term bullish outlook for crypto hasn't changed at all. And I think the reason that I enjoy the bear markets is just you get a little bit more clarity, especially for folks like me that are really focused on data and fundamentals. It's sort of easier to sort of see what's real once some of the froth gets kind of taken out of the markets. And so that's where a lot of the really strong sort of conviction thesis work comes into play. And I think the nice thing about these four year cycles is you sort of get a chance …