Bitcoin didn’t just survive the last cycle — it was reshaped by it. In this conversation, we break down how ETFs, regulation, politics, and institutional money are quietly transforming Bitcoin into a tool of power, not just a hedge or a trade. From why Bitcoin yield keeps failing, to why treasury companies and “safe” returns may be setting the stage for the next crisis, to how political polarization could become crypto’s biggest threat, this interview cuts through the narratives and exposes what’s actually happening beneath the surface. If you want to understand the real risks facing Bitcoin in the post-ETF era — before everyone else does — this is one you don’t skip.