Supply Shock Crypto News Roundup: Shutdowns, Seizures, & Stablecoins | Joakim Book
5 snips
Oct 23, 2025 Joakim Book, a prominent writer and editor in the Bitcoin space, joins the discussion to unpack the latest crypto developments. He explores the impact of potential government shutdowns on Bitcoin interest, while also delving into recent U.S. Bitcoin seizures and their legal implications. Joakim examines the growing influence of stablecoins like Tether and critiques mainstream media's framing of the crypto narrative. Lastly, he debates whether Bitcoin's traditional four-year cycle is shifting under new market dynamics.
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Prediction Markets Became Mainstream
- Polymarket grew into a mainstream prediction market by building where traditional finance couldn't and predicting outcomes better than polls.
- Joakim Book says its success shows crypto innovations can become core financial infrastructure and be absorbed by legacy exchanges.
Shutdown Is Media, Not Macro
- Joakim Book calls the government shutdown mostly a media event with negligible fiscal impact.
- He suggests political uncertainty may push some demand toward apolitical money like Bitcoin and gold.
Politics Creates A Bitcoin Premium
- Political delays (like stalled market-structure bills) can act as short-term headwinds for Bitcoin by removing a regulatory premium.
- Joakim says Bitcoin rallies when institutional or political catalysts are anticipated, so delays can depress price.
