Bitcoin just had one of its worst days of the year, yet the story beneath the surface tells something far more important. In this episode, Joe Consorti explains why the sell-off may be a sign of strength, how long-term holders are quietly redistributing their coins, and why this cycle is unlike any before. We explore the shifting macro landscape, the rise of socialism as a symptom of broken money, and how concentrated equity markets reveal deeper structural fragility. Joe also breaks down why bitcoin tracks the business cycle more than the halving cycle and why easing financial conditions could set the stage for its next major rally.
Timestamps:
00:00 - Bitcoin’s second-worst day of 2025
02:31 - Why $95,000 is the key level to watch
10:04 - Why market sentiment feels terrible despite strong equities
14:29 - Bitcoin’s “silent IPO” and the great redistribution
19:55 - How bitcoin’s wealth inequality is actually shrinking
26:30 - Rise of socialism and the downfall of New York City
34:15 - The dangerous concentration in the S&P 500
39:10 - Nvidia’s $5 trillion milestone and what it signals
42:47 - Treasury Secretary praises bitcoin while government shuts down
50:54 - Bitcoin’s price follows the business cycle, not the halving cycle
53:37 - Trump, Powell, and the coming asset-price melt-up