About this episode
Bitcoin spent most of 2025 above $90,000. Ethereum held steady through the year. Analysts hailed it as the year crypto became a mature asset class.Meanwhile your altcoin portfolio is down 95% and crypto twitter has turned into a support group for traumatised gem hunters learning to trade perps. The bulls always say ‘this time is different’; and for once, they were right, but for all the worst reasons.Today, we find out what actually happened in this cycle, and what it means for crypto’s future.
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