The Breakdown
The 2025 Bitcoin Year in Review
AI Summary
The episode reviews 2025’s pivotal shifts for Bitcoin, emphasizing that institutional adoption normalized it as a TradFi asset class while regulatory clarity emerged through guidance, enforcement reversals, and stablecoin legislation. It also examines how Trump-era crypto politics influenced the narrative without derailing progress. Looking ahead to 2026, the hosts highlight three defining themes: battles over tokenization and stablecoin implementation, the resurfacing of quantum risk for investors, and a macro environment marked by uncertain Fed leadership and varied rate‑cut scenarios. Together, these trends set the stage for a year focused on building Bitcoin infrastructure.
Episode Description
The final episode of the year looks back at the forces that actually mattered for Bitcoin and crypto in 2025, and it’s not price. The conversation unpacks how institutional adoption turned Bitcoin into a normalized asset class across TradFi, how the regulatory environment shifted from crackdown to clarity through guidance, enforcement reversals, and stablecoin legislation, and how Trump-era crypto politics shaped the narrative without fully derailing the agenda. Then the focus turns forward to the three themes most likely to define 2026: tokenization and stablecoin implementation battles, the return of quantum risk as a real investor-facing question, and a macro setup dominated by Fed leadership uncertainty and a wide distribution of rate-cut outcomes. In the headlines: a year of normalization sets the stage for a year of infrastructure.
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Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
Join the discussion: https://discord.gg/VrKRrfKCz8
Follow on Twitter:
NLW: https://twitter.com/nlw
Breakdown: https://twitter.com/BreakdownBW
Show Notes
The final episode of the year looks back at the forces that actually mattered for Bitcoin and crypto in 2025, and it’s not price. The conversation unpacks how institutional adoption turned Bitcoin into a normalized asset class across TradFi, how the regulatory environment shifted from crackdown to clarity through guidance, enforcement reversals, and stablecoin legislation, and how Trump-era crypto politics shaped the narrative without fully derailing the agenda. Then the focus turns forward to the three themes most likely to define 2026: tokenization and stablecoin implementation battles, the return of quantum risk as a real investor-facing question, and a macro setup dominated by Fed leadership uncertainty and a wide distribution of rate-cut outcomes. In the headlines: a year of normalization sets the stage for a year of infrastructure.
Enjoying this content?
-
SUBSCRIBE to the Podcast: https://pod.link/1438693620
-
Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
-
Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
-
Join the discussion: https://discord.gg/VrKRrfKCz8
-
Follow on Twitter:
-
NLW: https://twitter.com/nlw
-
Breakdown: https://twitter.com/BreakdownBW
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