The group frames 2025 as a “crab market” year that forced a psychological reset: ETFs, institutional interest, and political tailwinds can coexist with long sideways price action
Brandon’s Bitcoin moment of 2025 is “Bitcoin becoming boring,” arguing that social and political resistance has faded, with zero “Bitcoin obituaries” as a symbolic indicator
John’s Bitcoin moment of 2025 is the US Bitcoin strategic reserve executive action as a long-arc legitimacy milestone, even if it didn’t catalyze price immediately
Overhyped 2025 narratives include the strategic reserve as a near-term price catalyst, DOGE-style government “waste cleanup,” and the idea that “hundreds of MicroStrategy clones” would rapidly scale
Quietly important 2025 developments include older coins distributing to new holders, steady growth in non-leveraged corporate treasury adoption, and “sticky” wealth-platform channel dynamics (Vanguard and broader advisory adoption)
Cultural moments highlighted include “Paper Bitcoin Summer” and the “Great Creatine Awakening,” with a forecast that “four-year cycle is dead” memes will dominate once a new all-time high arrives
“Bitcoin-adjacent circus” talk shifts to crypto-friendly legislative/regulatory theatrics and a 2026 concern: prediction markets and “trade everything” pushing 24/7 speculation into equities and daily life
The most embarrassing fiat moments center on obvious government fraud and the contradictions of central banking narratives (including officials critiquing “intrinsic value” while managing fiat debasement) and symbolic milestones like phasing out the penny
“Main character” is debated: the group leans toward the idea that leaderlessness is a feature, but names surface including Larry Fink as the high-impact mainstream convert, with long-odds speculation about future political and tech megaphone figures

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Episode 336 - 10 Influential East Romans with Anthony Kaldellis. Part 2

The History of Byzantium

Anna as Patron and Classical Sponsor

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