In this episode of Token Narratives, Graham Stone is joined by Alex Richardson for a wide-ranging conversation on Bitcoin, crypto markets, and the storylines that shape investor psychology.

They dig into the current market drawdown, why sentiment flips at the worst possible moments, and how media narratives can act as a lagging indicator — often repeating the same frames cycle after cycle.

From there, the discussion expands into broader questions about market structure, risk appetite, and why conviction is hardest exactly when it’s most valuable.

🎙️ Token Narratives — Episode 91📌 Featuring: Graham Stone & Alex Richardson

00:00 The Inversion of Legacy Media08:25 Market Indicators and Bitcoin's Price Dynamics14:09 The Role of Miners in Price Stability22:02 Market Sentiment and Historical Patterns34:15 The Impact of AI on Bitcoin's Future49:27 Geopolitical Uncertainty and Bitcoin's Resilience