Part 5/16:
The dialogue touches upon the current brutal Bitcoin market, emphasizing the absence of bullish catalysts beyond potential ETF approvals, such as from BlackRock. Both hosts suggest that the anticipation around ETF filings in April could act as a catalyst, but the environment remains cautious due to the broader macroeconomic backdrop. They agree that for miners, the upcoming halving is expected to trigger a period of significant difficulty and potential industry shakeouts.