Show Notes
For years, crypto traders have lived and died by the halving clock. Boom. Bust. Rinse. Repeat. But what if that old rhythm doesn’t work anymore? In Episode 798 of The Bad Crypto Podcast, Joel and Travis make the case that Bitcoin has officially graduated from “speculative science experiment” to institutional-grade asset class — and that changes everything. We break down why this cycle looks nothing like the last ones, including: • Why banks that mocked crypto are now quietly building custody, trading, and ETF pipelines • How public companies, governments, and ETFs are soaking up Bitcoin supply • Why institutional buying is far “stickier” than retail panic selling • How regulation shifts (OCC, FDIC, Fed guidance) removed the biggest barriers between banks and Bitcoin • Why the classic 80% crash may no longer be the default outcome • What January and February could reveal about whether the cycle is truly broken • Why Gen Z asking for crypto for Christmas might be the most bullish signal of all We also dig into adoption curves, Bitcoin treasuries, ETF inflows, government holdings, and the uncomfortable reality that the market may have changed the rules while many traders are still playing the old game. If you’re waiting for the “inevitable crash” so you can say “told you so”… you might want to listen first. Because Bitcoin doesn’t look like it’s leaving. It looks like it’s settling in. 🎧 Episode 798 — from Puerto Rico to Dubai 📺 Watch on YouTube 🎙️ Listen wherever podcasts live Stay bad. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.
More from The Bad Crypto Podcast
The SEC finally wrote the rules down. Citi is about to hold your Bitcoin. Thirty-nine state banking associations are building their own blockchain. And a $3 billion short squeeze shoved Bitcoin through $71K — right before Joel disappears on his honeymoon until November.
The SEC stopped waiting for Congress. Harmony minted four billion tokens out of thin air. And on Robinhood's new chain, AI agents moved $200 million while the humans logged off. Joel and Travis cover the SEC's August 14 vote on Regulation Crypto — the first formal crypto rulemaking of Chairman Paul Atkins' tenure, landing days after the Senate left town without moving the CLARITY Act. Then: Harmony's empty-block exploit that minted 26% of ONE's total supply and the chain rollback the team is now weighing; Goldman Sachs buying NEOS Investments for $2.25 billion and inheriting a bitcoin income ETF; Tether becoming the 17th largest holder of US Treasuries on Earth; Anthropic watermarking everything Claude writes to satisfy the EU AI Act; H100 Group's world-first bitcoin-for-bitcoin acquisition; Hyperliquid's absurd $106 million of revenue per employee; and Anthropic's $9.1 billion, 20-year lease with bitcoin miner Riot Platforms — signed at a moment when it costs more to mine a bitcoin than a bitcoin is worth. Joel demos three AI builds including an America Online time capsule frozen in August 1996, and Travis walks through FourthWeb's agent swarm scraping 150-plus news sources every fifteen minutes. Plus: 52% of Gen Z investors have moved money earmarked for investing into sports betting, and 26% now call it part of their long-term financial strategy. Programming note — this is our second-to-last show before a hiatus. Joel's getting married. We'll be back in late November. We're not quitting. Not financial advice. Stay bad. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.
A five-year-old firmware bug quietly turned "cold storage" into a guessing game, and roughly $88 million in Bitcoin walked out the door without anyone touching a device. Joel Comm and Travis Wright open year ten of The Bad Crypto Podcast with the Coldcard entropy flaw: a March 2021 build error routed seed generation through a predictable software fallback instead of the hardware random number generator, leaving affected seeds with about 40 bits of entropy instead of 128. Galaxy Research mapped the first sweep — 1,196 addresses drained in 41 minutes — and later waves pushed the total past 4,500 addresses. Updating the firmware does not fix a seed that was already generated. Also on this episode: BitGo CEO Mike Belshe posts a wallet holding 100 BTC and dares Anthropic's Claude to take it. Strategy sells another 1,638 Bitcoin to cover STRC preferred dividends while sitting on $10.9 billion in unrealized losses. Trump's executive orders move the federal post-quantum deadline to 2031, and BIP-361 raises the question of what happens to Satoshi's coins. Truth Social starts selling early access to the President's posts. And American Bitcoin posts a $57.2 million quarterly loss while growing its treasury to 8,002 BTC. Then the hosts swap notes on what they've been building. Travis is turning the marketing canon into installable AI skills at MRKT.NG, finished two screenplays that sat in a drawer for twenty-six years, and rebuilt his site around a news-reading audio agent and a council of nine AI advisors. Joel made a short film, wrote and produced an original song with AI, and makes the case that "slop" is a skill issue — the work is in the directing, not the prompting. Closes with a practical tutorial on building character reference sheets so your AI-generated characters stop changing faces between shots. This episode is for educational, informational, and entertainment purposes only. It is not financial, investment, or trading advice. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.
Nine years ago today, two dudes had an idea. That idea became The Bad Crypto Podcast — and 812 episodes later, we're still here. To celebrate our ninth anniversary, Joel Comm and Travis Wright are doing something useful with all those dead NFTs in your wallet: turning them into a tax write-off. Most of the NFTs we bought are abandoned, rugged, or worth pennies. But in the U.S., a crypto loss is a capital loss — and those losses can offset your gains (plus up to $3,000/year against ordinary income). Joel built a tool with Claude that scans your wallets, finds the damage, and hands you a report for your CPA. 👉 Scan a wallet FREE at https://rektwriteoff.com — this episode's sponsor. Also in this one: Stripe and Advent's ~$53B bid for PayPal and the stablecoin angle, where the GENIUS and CLARITY Acts stand, the great NFT market reset, the Spain vs. Argentina World Cup final and FIFA's $999 "Right to Buy" NFTs, plus AtomicHub/WAX going multi-chain. ⚠️ Not financial or tax advice. Joel and Travis are not CPAs or financial advisors. Talk to a tax professional before harvesting losses or burning assets. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.
Where have we been? The real question is — where have YOU been? Joel and Travis hit record with zero show notes for a fully spontaneous Episode 811. On the docket: the third bear market and the halving-cycle math that points to a bottom this winter and the next top around fall 2029; record June Bitcoin ETF outflows of roughly $4 billion; the launch of X Money with its 6% APY and metal Visa card; Trump's freshly-disclosed $1.4 billion in 2025 crypto earnings; the return of Anthropic's Fable 5 model; and two daredevils unfurling a peace banner on top of the Empire State Building while the guys were recording. Plus: why stablecoins are really just the digital dollar people wanted, MiCA and the Circle-vs-Tether split, the US debt clock spiraling past $39 trillion, and some genuinely good news — Travis's CoinResearch.ai tool drawing a majority investment from the Hilton family office technology fund. No plan. No polish. Pure bad. Stay bad. NOT FINANCIAL ADVICE. For entertainment and informational purposes only. Crypto is volatile — do your own research and consult a licensed professional. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.