Welcome to the Decanted portfolio podcast, available on Spotify and Apple podcast, where Bastien and I talk about wines and investing every week. This episode is related to Chianti, merchants and the bitcoin, all wildly unpredictable. The bitcoin lost 8% and recovered 10% in a couple of sessions for no apparent logical reason, away from demand-driven flows (we are at the end of Nov 2025). Such unpredictability can be also found in Tuscany, an Italian region full of beautiful landscapes and great wines. Did you know that the Chianti region was the first one on the planet to be limited in 1716? Around that initial Chianti Classico, 6 additional sub-regions were added. The quality of the Sangiovese, solid and winemaking is not consistent. You can find gems and stellar values, but also light wines with big acidity. We discuss about it with more insights in the episode.Moreover, who's the manufacturer behind any wine - a coop, an estate or a merchant - is important to know. Merchants in fact can be guarantee of quality, or can add unpredictability to a region. Bastien discusses examples about Condrieu in Norther Rhone, France.The show is sponsored by Pantarai ADAPT, an all weather investment strategy able to adjust daily to any markets conditions. It seeks to deliver consistent performance in all phases of the economic cycle. Approved and regulated for retail and institutional clients, listed on the stock exchanges of London and Amsterdam in Europe.