This Week in Bitcoin 78: The Great Rotation
Oct 22, 2025
Ed Yardenny, a macro analyst and founder of Yardenny Research, joins to discuss the evolving financial landscape for Bitcoin. He highlights the significant shift as Bitcoin moves toward mainstream financial systems, particularly with the rise of ETFs. Yardenny shares insights on gold's volatility and its performance against Bitcoin over five years. The conversation also touches on rare earth minerals' geopolitical impacts and how institutional money is reshaping the Bitcoin market amid declining influence from Binance.
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Evaluate ETF Wrapper Trade-Offs
- Consider why holders convert Bitcoin into ETF shares: easier estate planning, borrowing, and using brokerage services.
- Use this understanding to evaluate custody trade-offs between self-custody and regulated institutional wrappers.
Binance's Decline Might Be Bullish
- Binance's spot balances are falling and its market share is collapsing as liquidity shifts onshore.
- A decline in Binance's influence could reduce market manipulation vectors and be bullish long term.
Rare Earths Are Strategic For AI And Robotics
- The US-China rare earths battle risks the West's access to critical minerals required for AI and robotics.
- Securing domestic or allied supply chains is urgent to avoid losing trillions in future industries.