More than 50% off the all-time high. That's not a caveat. That's the test.

Bitcoin is down roughly half from its October peak — its worst stretch since 2022. This episode makes the capital thesis falsifiable: if custody, settlement, treasury policy, ETF access, and long-duration ownership only ever rode the bull run, this drawdown exposes it. If they hold, that's the proof.

Full article: https://medium.com/@chip_mahoney/bitcoin-is-capital-if-it-survives-this-e99399757d99

Where do you stand?

Most crypto investors know what they own. Few know where they actually stand in the shift to on-chain finance.

Start with ALEN, the free 60-second diagnostic that helps you understand where a digital asset fits within today's institutional market structure.

→ https://tokentrustadvisors.xyz/alen

Want the assets before they're headlines?

Signals is my institutional watchlist, tracking the infrastructure, tokenization, and capital flows shaping the next phase of crypto.

→ https://tokentrust.substack.com

Managing significant capital, advising clients, or building an institutional allocation?

Book a strategy session.

→ https://calendly.com/meetwithchip/align

If this episode helped you better understand where capital is moving, please follow the show and leave a review. It helps more investors discover the podcast.

The Chip Mahoney Show is part of Big Pond Podcast and represented by DV Collective. Views are for educational and informational purposes only and should not be considered financial advice. Music licensed through Spotify Creators.

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Bitcoin Is Capital, If It Survives This

The Chip Mahoney Show — Tokenization, Institutional Crypto & Settlement

Bitcoin Is Capital, If It Survives This