2025 should have been the years for crypto.
Instead, it delivered all-time highs… followed by one of the most confusing pullbacks we’ve seen in years. Bitcoin reached new all-time highs and then gave them back. Altcoins were having a hard time. Expectations were shattered. And everyone was left with the same question:
What the hell just happened?
In episode 799 of The bad crypto podcastJoel and Travis close the books on 2025 and look ahead to what 2026 could bring – without pretending to have a crystal ball.
They fall apart:
Why 2025 felt optimistic on paper, but was disappointing in reality
The massive liquidation event that changed market momentum overnight
Why the four-year cycle may already have been broken
How Bitcoin behaved more like a stablecoin than a risk asset this year
Why nation states, ETFs and institutions are quietly reshaping the market
What macro factors, liquidity, elections and money printing could mean next
Why zooming out still tells a very different story than staring at short-term charts
The guys debate whether Bitcoin is gearing up for another big step up or fully establishing itself in a new kind of market – one driven less by retail euphoria and more by institutions, governments and global liquidity.
It’s part recap, part reality check, part cautious optimism… and a reminder that after nine years and nearly 800 episodes, Bad Crypto is still there, still asking the hard questions and still optimistic about the long game.
As the calendar turns to 2026 and episode 800 looms, this is your time to reflect, recalibrate, and remember why you got into crypto in the first place.
Out with the old.
In with the new.
And as always…
Stay bad.
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