TIMESTAMPS: 00:00:00 - Introduction 00:00:29 - Relaunching What Bitcoin Did 00:03:52 - 100K Bitcoin 00:07:46 - Macro Trends Impacting Bitcoin 00:13:39 - Institutional Demand and Price Discovery 00:21:30 - Consolidation and Market Structure 00:24:19 - Bitcoin as a Macro Thermometer 00:33:39 - Options on Bitcoin 00:41:50 - Risks in the Current Bitcoin Cycle 00:44:27 - Strategic Bitcoin Reserve 00:48:52 - Incoming Supply Shock 01:03:02 - MicroStrategy