The Milk Road Show

Tether Co-Founder Warns of 75% Crash Despite Bullish Outlook

42 snips
Sep 23, 2025
Guest
William Quigley
In this discussion, William Quigley, co-founder of Tether and WAX, shares insights from his 40 years in investing. He argues that the Bitcoin cycle is broken, analyzing shifts post-April and their impact on market expectations. Quigley emphasizes the importance of exit strategies, advising investors to prepare for potential 75% drawdowns. He remains bullish despite historical patterns, critiques Digital Asset Treasury companies, and stresses that individualized investment strategies are essential. No specific token recommendations here, just hard-hitting advice!
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INSIGHT

Treat Investments Like Planned Wins

  • Quigley frames investing discipline as having an intended 'win' price and expected path to exit.
  • This mental exercise forces clearer thinking about realistic timelines and exit mechanisms.
ADVICE

Actions Trump Fearful Rhetoric

  • Actions reveal conviction more than words; being long while claiming fear shows bullishness in practice.
  • Quigley increases his exposure now, signaling he remains bullish despite planning for downside scenarios.
ADVICE

Stop Asking Generic Buy Questions

  • Don't ask others 'should I buy X' without context; instead evaluate your financial situation and goals first.
  • Provide or seek specifics about finances, timelines, and risk tolerance before taking a recommendation.
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