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Finance

Stop Treating 2026 Like 2022 With Better Plumbing

Bitcoin fell 44% from its October 2025 peak, and the dip-buying crowd is treating it like 2022 again. The structure is genuinely different this cycle. But macro risk, not crypto fundamentals, is what kills the thesis now.

By Ray Vega · 3 min read

Finance

Bitcoin's Institutional Safety Net Has a Trapdoor

Bitcoin has fallen roughly 50% from its October 2025 all-time high, and the consensus says institutional ETF demand will catch it. But the same institutions posting record outflows are the ones predicting $175,000 by year-end. Their forecasts and their behavior do not match, and that gap is where the real risk lives.

By Ray Vega · 4 min read