patrick.net

https://www.nytimes.com/2025/12/04/podcasts/larry-fink-and-brian-armstrong-are-not-worried-about-another-crypto-winter.html

Here’s a concise 4‑bullet summary of the New York Times podcast article featuring Larry Fink (BlackRock) and Brian Armstrong (Coinbase):

• Larry Fink and Brian Armstrong both expressed confidence in crypto’s resilience, arguing that institutional adoption and regulatory clarity are making another “crypto winter” unlikely.
• Fink highlighted BlackRock’s Bitcoin ETF success, noting strong investor demand and positioning crypto as a legitimate asset class alongside traditional investments.
• Armstrong emphasized Coinbase’s role in mainstreaming crypto, pointing to growing retail participation and the integration of blockchain into financial infrastructure.
• Both leaders framed crypto as entering a new maturity phase, where volatility remains but long‑term growth is supported by broader acceptance and global financial integration

https://www.cnbc.com/2025/12/04/bitcoin-down-nearly-30percent-from-record-high-history-shows-thats-normal.html

AD says

https://www.cnbc.com/2025/12/04/bitcoin-down-nearly-30percent-from-record-high-history-shows-thats-normal.html

Obviously I could be way wrong but I don't expect any huge drops from here. At least if the reference frame is bitcorn. Maybe it drops to 70 or 50 if we don't have a crazy recession.

But I also don't expect the crazy upside anymore either.

Mostly because of institutional investors replacing retail. If it goes up a lot their 1% will now be 2% so they have to rebalance so they sell. If it drops too much they have to buy more to get back to 1%.

Now if we have a financial crisis then I could see a lot more selling to get cash to cover other positions, because it's still a risk-on asset.

Maybe a good entry point approaching again. :)