TIMESTAMPS:

0:00:00 - Introduction 0:02:00 - Bitcoin Crash to $93,000 0:06:41 - Cycle Recap 0:15:45 - Is Bitcoin a Risk Asset 0:17:46 - Diminishing Returns in Bitcoin 0:20:35 - Ad Break 0:21:51 - Bitcoin vs the U.S Dollar 0:24:00 - Trump & Bitcoin 0:27:13 - Available Bitcoin Supply 0:30:28 - The HODL Model 0:32:39 - Short Term Holder Cost Basis 0:35:03 - 2025 vs 2017 Cycle 0:39:10 - Consolidation & Market Hype 0:45:15 - Ad Break 046:24 - Bitcoin Value Map 0:49:00 - MVRV 0:50:16 - Institutional Adoption & SBR 1:00:12 - What Happens in 2025?