Friedberg @ 01:01:30Right
markets
The Bitcoin price decline from the mid-$60,000s to the mid-$30,000s in May 2021 is a good buying opportunity; after this crash, Bitcoin will eventually rally again and surpass its previous all-time high price.
This is probably a pretty good buying opportunity. We've seen these crashes in Bitcoin many, many times over the years. It plummets down and then it goes back up and it eventually goes back up, reaches a new peak. So this is probably a pretty good entry point for the next rally. We don't know when that's going to beView on YouTube
Explanation
Evidence shows Friedberg’s pattern call played out.
- Before the May 2021 crash, bitcoin’s then–all‑time high was about $64,800 on April 14, 2021. (en.wikipedia.org) In mid‑May 2021, during the drawdown he was discussing, the price fell to around $30,000, matching his description of a plunge from the mid‑$60k range to the low/mid‑$30k area. (en.wikipedia.org)
- After that decline, bitcoin rebounded and set a new record high near $69,000 in November 2021, clearly surpassing the prior ~$64.8k peak (Forbes, Bloomberg, and others report intraday highs around $68.9k–$69k on November 10, 2021). (forbes.com)
- In later cycles, bitcoin went on to make much higher all‑time highs, first by again exceeding $69k in March 2024, and later reaching about $109,500 on May 21, 2025, far above any 2021 level. (techcrunch.com)
Friedberg’s prediction was that the May 2021 crash would likely be a good entry point because bitcoin tends to crash, recover, and eventually “goes back up, reaches a new peak.” The subsequent move from roughly $30k up to new highs near $69k later in 2021—and then to even higher highs in 2024–2025—matches that pattern and validates the specific claim that bitcoin would eventually rally past its prior all‑time high.