In this episode of the podcast, we explore Bitcoin's changing role as it evolves from a volatile asset to a more stable digital gold, backed by recent analytics. Andrej points out that geopolitical events might present buying opportunities, as Bitcoin often bounces back and performs well in the medium to long term following initial sell-offs. The episode also highlights the impact of spot Bitcoin ETFs in stabilizing the market by attracting more institutional investors. Additionally, we examine how macroeconomic factors and the upcoming US presidential election could significantly influence Bitcoin's price movements.