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BITCOIN SEASON 2: Why The 2025 Bitcoin Bull Run Failed Us

Was the 2025 Bitcoin top a failure? We analyze why $126k felt underwhelming, compare BTC returns against Gold and the S&P 500, and discuss Meltem Demirors’ thesis on why TradFi is beating DeFi. Plus, why institutional adoption might be making crypto boring.

Dec 5, 2025
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THE MINING POD: ABTC Investor Unlock, IREN’s $3.6B Capital Raise, Greenidge’s Fire and Land Sale
THE MINING POD: ABTC Investor Unlock, IREN’s $3.6B Capital Raise, Greenidge’s Fire and Land Sale31:22
The Blockspace Pod: The Conspiracy Was True: Operation Chokepoint 2.0
The Blockspace Pod: The Conspiracy Was True: Operation Chokepoint 2.027:35
THE MINING POD: CleanSpark FY 2025 Recap: It's Not an AI Pivot, It's an Expansion w/ Matthew Schultz
THE MINING POD: CleanSpark FY 2025 Recap: It's Not an AI Pivot, It's an Expansion w/ Matthew Schultz52:05
Blockspace Pod: Bitcoin Ruined Your Thanksgiving (Here's What To Do)
Blockspace Pod: Bitcoin Ruined Your Thanksgiving (Here's What To Do)26:09
THE MINING POD: Operation Red Sunset, the White House’s Genesis Mission, Tether Buys BTDR, RAM Prices Soar
THE MINING POD: Operation Red Sunset, the White House’s Genesis Mission, Tether Buys BTDR, RAM Prices Soar35:33
Blockspace Podcast: Why Most Bitcoin Treasury Companies Are Struggling — and the One That's Getting It Right
Blockspace Podcast: Why Most Bitcoin Treasury Companies Are Struggling — and the One That's Getting It Right43:41
THE MINING POD: Bitcoin Mining Isn't Dead w/ Steve Barbour
THE MINING POD: Bitcoin Mining Isn't Dead w/ Steve Barbour45:51
Blockspace Podcast: Bitcoin Collapse: Here's Who's Bleeding In The Street
Blockspace Podcast: Bitcoin Collapse: Here's Who's Bleeding In The Street32:21
THE MINING POD: Nvidia’s Q3 Earnings, ERCOT Power Market Update, Cipher Lands $830M Fluidstack Expansion
THE MINING POD: Nvidia’s Q3 Earnings, ERCOT Power Market Update, Cipher Lands $830M Fluidstack Expansion43:16
BITCOIN SEASON 2: Bitcoin & Islamic Finance
BITCOIN SEASON 2: Bitcoin & Islamic Finance45:22
THE MINING POD: TeraWulf Q3 Recap: Future AI Deals, Capital Structure, and the Future of WULF’s BTC Mining
THE MINING POD: TeraWulf Q3 Recap: Future AI Deals, Capital Structure, and the Future of WULF’s BTC Mining39:37
The Blockspace Podcast: Did Jack Dorsey Fix The Bitcoin Merchant Problem?
The Blockspace Podcast: Did Jack Dorsey Fix The Bitcoin Merchant Problem?26:30
THE MINING POD: Bitcoin Mining Stock Prices Lose $20B, Bitdeer’s Data Center Fire, Auradine’s New Unit, Jim Cramer Yells at CRWV
THE MINING POD: Bitcoin Mining Stock Prices Lose $20B, Bitdeer’s Data Center Fire, Auradine’s New Unit, Jim Cramer Yells at CRWV59:23
The Blockspace Podcast: $120K Bitcoin Call, Stablecoins, and 2026 BTC Market
The Blockspace Podcast: $120K Bitcoin Call, Stablecoins, and 2026 BTC Market43:12
THE MINING POD: Unpacking MARA's AI Plans w/ CEO Fred Thiel
THE MINING POD: Unpacking MARA's AI Plans w/ CEO Fred Thiel1:14:18
BITCOIN SEASON 2: The 7 Indicators Saying The Bull Market Isn't Over
BITCOIN SEASON 2: The 7 Indicators Saying The Bull Market Isn't Over22:35
THE MINING POD: Cipher’s Amazon Deal, IREN’s Microsoft Deal, Q3 Earnings Recap, and is China Winning the AI Race?
THE MINING POD: Cipher’s Amazon Deal, IREN’s Microsoft Deal, Q3 Earnings Recap, and is China Winning the AI Race?31:35
BITCOIN SEASON 2: Inside Russia's Secret Bitcoin Mining Industry
BITCOIN SEASON 2: Inside Russia's Secret Bitcoin Mining Industry29:09
THE MINING POD: Picking Winners in the Bitcoin Miner AI Race w/ Kevin Dede
THE MINING POD: Picking Winners in the Bitcoin Miner AI Race w/ Kevin Dede35:56
BITCOIN SEASON 2: Gold Investors Are Taking A Victory Lap
BITCOIN SEASON 2: Gold Investors Are Taking A Victory Lap21:43
THE MINING POD: CoreWeave-Core Scientific Deal Fails, CleanSpark Eyes 285 MW AI Site, TeraWulf’s $9.5B Fluidstack Deal
THE MINING POD: CoreWeave-Core Scientific Deal Fails, CleanSpark Eyes 285 MW AI Site, TeraWulf’s $9.5B Fluidstack Deal43:25
BITCOIN SEASON 2: Bitcoin’s Newest Soft Fork Is Insane
BITCOIN SEASON 2: Bitcoin’s Newest Soft Fork Is Insane33:48
THE MINING POD: Has the Market Left MARA Behind?
THE MINING POD: Has the Market Left MARA Behind?35:27
BITCOIN SEASON 2: Strategy's Path To $10 Trillion
BITCOIN SEASON 2: Strategy's Path To $10 Trillion27:56
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