Brady and John open by owning missed 2025 price targets, framing the year as a sideways-to-down “crab market” around the high-$80Ks
They unpack why “Bitcoin clicking” for the world happens far slower than new believers expect, even with ETFs and a pro-Bitcoin political backdrop
The show marks the HODL meme’s origin (GameKyuubi’s “I AM HODLING” post) and uses it to reinforce long-horizon discipline BitcoinTalk+1
They revisit Michael Saylor’s 2013 “Bitcoin days are numbered” tweet as a case study in changing your mind (commonly dated Dec 19, 2013) CryptoPotato
Macro recap includes a cooler-than-expected CPI print (with caveats about data quality) and what it could mean for Fed cuts and liquidity
Fiscal commentary highlights “victory laps” over still-massive deficits and why the debt train likely only slows, not stops
They critique the idea of pushing 100% stock ownership as a policy goal, arguing it structurally advantages existing asset holders via compounding
A Jeff Gundlach clip anchors the “patience is alpha” idea: long-horizon winners often look wrong early, forcing managers to churn BitcoinTalk
They compare gold’s strong year to Bitcoin’s lag, noting ETF flows (IBIT) remain heavy despite negative YTD performance and debating “sell vs buy” interpretations
Quick hits include an options-market “covered call yield” theory for capped rallies, and an update on Samourai Wallet clemency chatter as a privacy battleground

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Why Bitcoin Went Sideways in 2025: ETF Flows, Gold Outperformance, and the Patience Edge

Swan Signal Live - A Bitcoin Show