November Week 4 - 2025

BITCOIN RESET
The Liquidity Alarm No One Wants to Hear

Bitcoin’s sharp fall to eighty six thousand dollars has sparked intense concern across markets, yet the decline may be signaling something far deeper than simple investor panic. According to the ideas discussed in the transcript, the recent move is less a reflection of Bitcoin’s weakness and more a warning about mounting stress within the global financial system. While headlines continue to blame Bitcoin for every downturn, several macro indicators suggest that structural pressures are finally starting to surface.

Key metrics like market value to realized value and the weekly relative strength index show that Bitcoin is trading at historically attractive levels. These data points imply that long term investors are viewing this moment as an accumulation window rather than a market top. At the same time, sudden swings in large equities such as Nvidia highlight how fragile overall liquidity has become.

Economist Luke Gromen describes the current moment as a poly crisis in which multiple strains are converging at once. The United States is spending nearly all of its tax revenue on interest and entitlements. Treasury markets are rolling over enormous amounts of short term debt. Liquidity is tightening in the overnight funding system. Meanwhile, geopolitical tensions, shifting energy dynamics, and weakening global currencies are adding stress across regions.

A major insight from the transcript is the growing competition between artificial intelligence development and the US Treasury. Both require enormous capital, yet both are drawing from the same limited pool of liquidity. As AI accelerates and possibly reduces tax receipts through automation, the Treasury’s need for funding may grow even faster.

In this environment Bitcoin behaves as a real time indicator of liquidity. It is not failing. It is reacting with honesty. Historically, when liquidity returns, Bitcoin has been the first asset to recover. If this pattern holds, today’s volatility may eventually be remembered as a rare opportunity rather than a crisis.

BITCOIN RESET
Are Jamie Dimon’s Fingerprints on this MSCI Panic?

There is a growing sense that the recent wave of panic surrounding MSCI and MicroStrategy did not appear out of thin air. The consultation is real, the process is real, and the classification review is legitimate. But the speed and intensity with which this topic exploded across financial media has raised an interesting question. Who benefits from turning a slow bureaucratic process into a market wide alarm bell?

When you look at the landscape, one name keeps surfacing. Jamie Dimon. For more than a decade, he has positioned himself as the most outspoken critic of Bitcoin among the banking elite. He has called it worthless, a fraud, a threat to the financial system, and something that should be regulated out of existence. Yet at the same time, his own clients have forced JPMorgan into offering Bitcoin services, Bitcoin exposure, and even access to Bitcoin focused financial products.

This is not a man who enjoys being cornered by market demand. It is not hard to imagine why he might take any opportunity to slow the momentum of the asset that has publicly proven him wrong for more than ten years.

The MSCI situation provided perfect material. It is technical, confusing, and easy to dramatize. A simple classification review became a story about delistings, forced selling, systemic collapse, and imminent danger. JPMorgan was the first major institution to amplify the consultation with worst case numbers, and those numbers instantly set off a panic cycle on social media.

None of this proves intent, but it does reveal incentives. Bitcoin threatens the profitability and relevance of legacy banks. BlackRock has embraced Bitcoin so aggressively that it now acts like a global marketing engine for the asset. JPMorgan, meanwhile, finds itself trying to defend an old model while quietly building new Bitcoin products in the background.

If Dimon saw an opportunity to reignite fear around the most visible Bitcoin proxy in public markets, it would not be surprising. Whether intentional or not, this moment shows how vulnerable markets are to narratives seeded from above. It also reveals something larger. The old guard still has tools to slow Bitcoin, but not to stop it, because nothing stops this train!

BITCOIN RESET
The Shift in Ownership That Could Redefine Bitcoin’s Next Cycle

Recent market turbulence has sparked new questions about where Bitcoin is heading, yet a closer look at the current environment shows a very different story than the sentiment you see online. While prices have pulled back, major figures with long term outlooks are quietly increasing their exposure. Their activity suggests a shift in ownership from short term speculators to long term capital that is comfortable riding through volatility.

Some well known investors are taking profits and reallocating into traditional businesses, yet the buyers stepping in on the other side are often even larger players. Wealth networks that represent families with decades of accumulated capital report that cryptocurrency has become one of the most discussed asset classes in their meetings. Even a small increase in allocation from these groups results in billions of dollars entering the space. Their attention reflects a growing belief that Bitcoin can serve as a long term store of value similar to gold while also being part of new financial infrastructure.

Institutional interest continues to strengthen as major funds, endowments, and sovereign wealth entities accumulate at current levels. Their decisions are based on long term views that favor Bitcoin due to regulatory clarity, global adoption, and structural trends driven by currency debasement. Most of these buyers are focused on multiyear horizons rather than price swings from week to week.

Alongside Bitcoin, other assets such as Ethereum and Solana are gaining traction as tokenization expands. Large financial institutions are preparing for a world where real assets are recorded and transferred on public networks, creating an entirely new layer of global markets. New policy proposals in the United States that support digital asset custody and tax flexibility further add to this momentum.

Despite uncertainty and short term fear, the broader landscape points toward continued growth. The current pullback appears to be a period where long term thinkers are positioning themselves for what they see as the next major chapter in digital assets.

DISCLAIMER:
This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions or investments. Please be careful and do your own research.