Part 2/8:
The speaker begins by expressing frustration with Bloomberg's recent coverage, which suggests that traders are preparing for an extended decline in Bitcoin, citing waning demand for U.S. exchange-traded funds (ETFs) holding the cryptocurrency. He dismisses this narrative outright, labeling it as "FUD"—fear, uncertainty, and doubt—attributing it to corruption in mainstream media outlets.
He argues that these reports are misleading, attempting to create a bearish outlook even as the data tells a different story. The emphasis is on how such narratives distort investor perception and potentially manipulate markets.