# Bitcoin Cycles Are Breaking: The Fed’s “Not-QE” QE + Institutional Floor at $90k?

Page: https://stenobird.com/podcast/swan-signal-live-a-bitcoin-show-479149/bitcoin-cycles-are-breaking-the-fed-s-not-qe-qe-institutional-floor-at-90k
Text version: https://stenobird.com/podcast/swan-signal-live-a-bitcoin-show-479149/bitcoin-cycles-are-breaking-the-fed-s-not-qe-qe-institutional-floor-at-90k.md
Podcast: [Swan Signal Live - A Bitcoin Show](https://stenobird.com/podcast/swan-signal-live-a-bitcoin-show-479149)
Published: 2025-12-12T21:03:15+00:00
Episode link: https://swansignalpodcast.com/episodes/bitcoin-cycles-are-breaking-the-feds-not-qe-qe-institutional-floor-at-90k-RUdVyUe_
Audio file: https://cdn.simplecast.com/audio/6b4113f8-61fd-4976-a3e6-4d8ed2143233/episodes/e693591d-5165-48d1-a480-a0a589c02bfb/audio/4b3b84f2-39d9-4319-977b-89f9ab155369/default_tc.mp3?aid=rss_feed&feed=Z1tu2Hds
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Duration seconds: 3256

## Resource

Brady and John unpack Bitcoin’s sideways year near $90k and argue the four-year cycle may be breaking under stickier institutional demand. They cover gold-vs-Bitcoin “debasement trade” cycles, the Fed’s rebranded balance-sheet expansion, legal questions around Fed independence, BitGo’s bank approval, Do Kwon’s sentencing, and Satoshi’s legacy.

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## Transcript

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