In this conversation, Daniel Batten, an expert on Bitcoin megatrends, discusses the converging forces transforming the Bitcoin landscape. He highlights that sovereign wealth and pension funds are stepping into the Bitcoin arena, hinting at future market stability. Batten reveals how miners have shifted to becoming net buyers, suggesting a new phase in mining dynamics. The potential impact of Bitcoin ETFs is examined as a pivotal development in traditional finance, while questions arise about breaking the cycle of diminishing returns and the accelerating adoption of Bitcoin.