Brendan and Tevo dive into how Bitcoin is showing relative strength as gold, silver, and equities decline, signaling a potential shift in how markets are treating crypto during macro uncertainty. The episode breaks down how geopolitical tensions, Fed policy delays, and energy prices are creating broad market weakness while crypto holds up better than expected. Despite short-term volatility and possible downside patterns, strong fundamentals—like ETF inflows, institutional adoption, and product innovation—continue to build beneath the surface. The hosts emphasize that markets are currently headline-driven, but once macro uncertainty clears, crypto is positioned for a strong move higher.

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Chapters

00:05 — Intro: Gold and silver crash while Bitcoin outperforms.

04:44 — Fed holds rates as macro uncertainty and war fears rise.

08:48 — Bitcoin rallies ~15% while stocks and metals fall.

10:30 — Gold drops ~20% and silver nearly 30% in weeks.

13:13 — Crypto shows relative strength vs equities and commodities.

14:14 — Technical warning: possible bear flag and downside risk.

22:44 — Hyperliquid dominates with 24/7 trading and massive growth.

36:25 — Regulation update: Clarity Act progress and market impact.

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