This week's episode opens with the hosts delving into macroeconomic updates and analyzing the current mood in the cryptocurrency sector after the halving. They observe that it's common for bull markets to feature several mini-bear phases, indicating that we might be in such a phase now. The discussion also covers the reaction of retail investors, particularly focusing on the backlash against a speaker who mentioned Bitcoin during the Ohio State Commencement ceremony and the negative views on cryptocurrency expressed at a Tom Brady event. These incidents highlight the need for enhanced education for retail investors to help shift the prevailing negative perceptions.

The conversation shifts focus to the implications of U.S. politics and policies on cryptocurrencies. The hosts dissect proposed bills and the possible impact of the super PAC Fairshake on forthcoming elections. They express concerns that the proposed legislation may not adequately incorporate fundamental cryptocurrency values like self-custody and the freedom to transact. Attention is drawn to two key Senate races in Ohio and Montana, which are under the spotlight from pro-cryptocurrency PACs. This segues into a broader political discussion prompted by the SEC’s recent Wells notice to Robinhood and an examination of the demographic breakdown of U.S. crypto holders from Stand With Crypto.

Additionally, the episode discusses the post-halving lull in the Runes market, which has been somewhat disappointing relative to pre-halving expectations. The hosts review the latest market caps for Runes and cover news related to the Epic Sat etching, applauding the team’s strategic prowess and execution. The episode concludes with a lively discussion on the potential of using Bitcoin as a new medium for art, sparking enthusiasm among both established blockchain artists and newcomers eager to explore the possibilities of Bitcoin as a platform.

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