Everyone Was Wrong About This Cycle | Andy Edstrom

<p>"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." </p> <p>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.</p> <p><strong>THANKS TO OUR SPONSORS:</strong></p> <p><a href="https://www.anchorwatch.com/"><strong>ANCHORWATCH</strong></a></p> <p><a href="https://mining.blockwaresolutions.com/wbd"><strong>BLOCKWARE</strong></a></p> <p><a href="https://ledn.io/?utm_source=podcast&utm_medium=partnership&utm_campaign=2025_whatbitcoindid&utm_content=ad_read"><strong>LEDN</strong></a></p> <p><a href="https://bitkey.world/"><strong>BITKEY</strong></a></p> <p><a href="https://www.swan.com/wbd"><strong>SWAN</strong></a></p> <p><a href="https://www.cape.co/wbd"><strong>CAPE</strong></a></p> <p><a href="https://www.cluborange.org/"><strong>CLUB ORANGE</strong></a></p> <p><strong>FOLLOW:</strong></p> <p>Danny Knowles: <a href="https://x.com/%5C_DannyKnowles">https://x.com/\_DannyKnowles</a> or <a href="https://primal.net/danny">https://primal.net/danny</a></p> <p>Andy Edstrom: <a href="https://x.com/edstromandrew">https://x.com/edstromandrew</a></p>