"Bear markets are about both price and time. We've had quite a bit of pain on price, we haven't had that much time yet."

Andy Edstrom, author of Why Buy Bitcoin, joins the show to discuss capital preservation and portfolio allocation during a downturn. We analyze the structural health of the market, why the "This Time is Different" narrative failed, and why institutional treasury strategies might be creating a drag on Bitcoin's spot price.

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Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny

Andy Edstrom: https://x.com/edstromandrew