Blain’s Morning Porridge 17th December 2025 – Bitcoin and Crypto Further Detach from Reality.

“If you don’t believe it, I’m not going to waste time trying to convince you.”

Global Markets surge ahead. Bitcoin has been left behind. Yet again the crypto bubble has popped. All that’s holding it up is buy-the-dip greater fools, hope and belief – none of which are strategies for success. Time for a reassessment of what Bitcoin is and isn’t, and why it’s time to stop wasting energy on it!

Christmas is traditionally a time of goodwill to all men – even the shills of the Crypto World.

I’ve been thinking what I can possibly do to help them at this time of festive joy? Should I give them a dopamine hit by telling them everything is fine, this is just a speed-bump -and not to worry because increasing global international adoption of crypto assets means eternal upside? Or should I gift them some tough love – by telling them the truth? How do you tell true believers they are worshipping false idols, and Crypto is all absolute bollchocks?

Bitcoin is down 20% on the year, and 30% down from its October peak. Trump’s memecon is worth a tad more than the square root of f***all. As it tumbles, the BTC Treasury concept pops, Gold rises, and stocks remain solid – it’s demonstrated, yet again, that Bitcoin does not store value, isn’t linked to the economy, and is not a digital safe haven. And don’t tell me its Energy – that’s utter bunkum.

The reality is Crypto is worth only what the market believes it’s worth – which isn’t as much as it was. And, in recent months the decline in its prices has confirmed Bitcoin is now wholly divorced from the direction of global markets.

You can read the Morning Porridge by subscribing on ⁠www.morningporridge.com⁠, and have it delivered fresh to your inbox every morning!