Episode notes
- Contrast between today’s macro backdrop and the 2021 Bitcoin peak, with tighter liquidity, higher rates, and far stronger structural support for Bitcoin
- Cory’s base case: no classic 80% “crypto winter” drawdowns anymore and a strong chance of new all-time highs in 2026
- John’s “yearly lows” chart framing: rising annual Bitcoin floors as proof of real accumulation and diminishing panic selling
- Larry Fink, Harvard, sovereign wealth funds, and major banks (BofA, Vanguard, Schwab, Citi) as long-term Bitcoin buyers, not momentum tourists
- Discussion of CFTC-approved spot Bitcoin trading on designated contract markets as another on-ramp for pensions and endowments
- Big critique of prediction markets and “scambling” (scam + gambling) as an extractive, nihilistic, fiat-era attempt to financialize everything
- Cory and John argue that crypto casinos, meme coins, and prediction markets are a giant gambling funnel that ultimately pushes people toward Bitcoin’s seriousness
- Bitcoin and energy: riffing on Elon Musk and Jensen Huang’s comments about Bitcoin turning stranded or excess energy into a universal monetary battery
- MicroStrategy’s new USD reserve is framed as a cosmetics move to soothe institutions and make their Stretch preferreds more attractive, not a change in core strategy
- Cory pushes back on “Operation Chokepoint 2.0” de-banking narratives, distinguishing between true systemic exclusion and individual risky accounts being dropped
► For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide
✔ https://www.swanbitcoin.com/private?utm_campaign=private&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live
► Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes
✔ https://www.swanbitcoin.com/ira?utm_campaign=ira&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live
► Secure your Bitcoin with Swan Vault
✔ https://www.swanbitcoin.com/vault?utm_campaign=vault&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live
► Download the all-new Swan Bitcoin App
✔ https://www.swanbitcoin.com/app?utm_campaign=app&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live
► Want to learn more about Bitcoin? Check out Welcome To Bitcoin a FREE Introductory course. Learn about Bitcoin in under 1 hour!
✔ https://www.swanbitcoin.com/welcome?utm_campaign=welcome_to_bitcoin&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live
► Connect with Swan Bitcoin:
✔ Twitter: https://twitter.com/Swan
✔ Instagram: https://instagram.com/SwanBitcoin
✔ LinkedIn: https://linkedin.com/company/swanbitcoin
✔ Threads: https://www.threads.com/@swanbitcoin
✔ Facebook: https://www.facebook.com/SwanBitcoin/
✔ TikTok: https://www.tiktok.com/@realswanbitcoin
