# Why Bitcoin Went Sideways in 2025: ETF Flows, Gold Outperformance, and the Patience Edge

Page: https://stenobird.com/podcast/swan-signal-live-a-bitcoin-show-479149/why-bitcoin-went-sideways-in-2025-etf-flows-gold-outperformance-and-the-patience-edge
Text version: https://stenobird.com/podcast/swan-signal-live-a-bitcoin-show-479149/why-bitcoin-went-sideways-in-2025-etf-flows-gold-outperformance-and-the-patience-edge.md
Podcast: [Swan Signal Live - A Bitcoin Show](https://stenobird.com/podcast/swan-signal-live-a-bitcoin-show-479149)
Published: 2025-12-20T15:25:21+00:00
Episode link: https://swansignalpodcast.com/episodes/why-bitcoin-went-sideways-in-2025-etf-flows-gold-outperformance-and-the-patience-edge-W1FZo_J_
Audio file: https://cdn.simplecast.com/audio/6b4113f8-61fd-4976-a3e6-4d8ed2143233/episodes/19773af4-dca8-430e-a856-524d86bbe165/audio/4b227cdf-a2f5-4200-b132-4a82d66b4e18/default_tc.mp3?aid=rss_feed&feed=Z1tu2Hds
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Duration seconds: 3439

## Resource

Brady and John recap a frustratingly flat 2025 for Bitcoin, then use the HODL anniversary as a framework for conviction: ignore the scoreboard, audit your thesis, and hold through volatility. They contrast Bitcoin’s lag with gold’s surge, debate ETF/derivatives dynamics, and argue macro deficits and financial surveillance keep strengthening Bitcoin’s long-term case.

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## Transcript

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