Bitcoin just broke below $100K again and sentiment is as bad as it was after the FTX collapse—except this time, Bitcoin is still near six figures. In this episode of No Second Best, Hurley breaks down why 2025 feels like a bear market for Bitcoin, even as ETFs accumulate, long-term holders slowly bleed coins, a major central bank launches a Bitcoin custody pilot, and Square activates Bitcoin payments across 4 million terminals. We dig into brutal sentiment, four-year cycle myths, macro liquidity, and why this range may be the uncomfortable middle of a much bigger Bitcoin move. If you care about Bitcoin, macro, capital flows, and where this cycle really goes next, you don't want to miss this one.

Bitcoin Mastermind Q3 2025 w/ Joe Carlasare, Jeff Ross, & American HODL - https://www.youtube.com/watch?v=Ut8keXlTyjw

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