Episode 92: BTC Disappoints in 2025 But The Debasement Trade Is Still On

In this Christmas episode, Imran and David reflect on a frustrating 2025 for Bitcoin – despite gold/silver moves, ETF inflows and increasingly bullish macro and policy tailwinds.

The duo blame persistent whales selling and reflexive “4-year cycle top” concerns for capping the upside. The liquidity outlook is set to brighten in 2026 with the FED’s new T-bill purchases and SLR tweaks for banks to buy more duration. The financial suppression playbook should be fully engaged. They still expect another big debasement wave to hit next year, driving Bitcoin (and risk assets) higher once year-end funding squeezes fade.

The following topics is covered:

00:00 – Introduction 04:04 – Macro Trends & The Debasement Trade 08:18 – David’s Take on the Market 10:15 – QE And Fed Actions 15:07 – Adoption And Current Phase for Bitcoin 16:08 – Liquidity Outlook & Big Expiry Coming up 20:30 – Crypto Options Market Dynamics 24:49 – Relative Value of BTC and ETH & Volatility Trends 28:58 – AI’s Impact on the Labour Market 34:58 – Crypto Adoption & Regulatory Clarity 39:00 – Reflections & Highlights on 2025 40:09 – Closing Remarks & Happy Holidays

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Disclaimer: The content presented on Crypto Options Unplugged is not intended as investment advice. Always conduct your own research.