Swan Signal Live - A Bitcoin Show Bitcoin Amsterdam, Fiscal Dominance, Stimulus Talk, and the Massive Square Adoption Milestone
Nov 14, 2025
Brady shares the upbeat atmosphere from Bitcoin Amsterdam, highlighting strong community morale despite price fluctuations. The discussion reveals how historical trends show price can diverge from fundamentals. Inflation impacts come to light as the penny disappears and U.S. interest expenses surge. The Czech National Bank's Bitcoin investment sets a significant precedent. Major news includes SoFi's crypto banking app and Square's milestone enabling Bitcoin payments at millions of merchants, marking a leap in adoption.
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Positive Conference Vibes Despite Price Dips
- Brady reports strong, upbeat vibes at Bitcoin Amsterdam despite a price pullback during the conference.
- He notes conference morale stays high in person even when Twitter sentiment turns negative.
Price Can Lag Fundamentals
- John emphasizes price often disconnects from fundamentals and markets contain a lot of noise.
- He argues Bitcoin's fundamentals and thesis remain intact despite mid-November 2025 price levels.
Interest Expense Surpasses Defense
- Trailing 12-month U.S. interest expense hit $1.24 trillion and now exceeds defense spending.
- John warns rising interest costs and limited natural buyers push the Fed toward buying long-duration Treasuries.
