{"podcast":{"title":"The Pomp Letter","slug":"the-pomp-letter-3932923","podcast_index_feed_id":3932923,"rss_url":"https://api.substack.com/feed/podcast/1383.rss","website_url":"https://pomp.substack.com/podcast","image_url":"https://substackcdn.com/feed/podcast/1383/5a0c0f85ec9ff238d6fd120bf0480d8a.jpg","author":"Anthony Pompliano","episode_count":521,"summary":"Pomp's daily newsletter breaking down Bitcoin, business, and macro trends before they hit mainstream media. Join 270,000+ subscribers by signing up below.","last_synced_at":"2026-07-16T04:18:34.961267+00:00","page_url":"https://stenobird.com/podcast/the-pomp-letter-3932923"},"episode":{"title":"The 4 Reasons Why Bitcoin Did Not Perform Well In 2025","slug":"the-4-reasons-why-bitcoin-did-not-perform-well-in-2025","published_at":"2026-01-05T14:27:13+00:00","page_url":"https://stenobird.com/podcast/the-pomp-letter-3932923/the-4-reasons-why-bitcoin-did-not-perform-well-in-2025","show_page_url":"https://stenobird.com/podcast/the-pomp-letter-3932923","url":"https://pomp.substack.com/p/the-4-reasons-why-bitcoin-did-not","audio_url":"https://api.substack.com/feed/podcast/183506438/16d7d645046a032ee6b011fe8d68efce.mp3","summary":"Today’s Letter is brought to you by Arch Public ! Unlock unparalleled returns with Arch Public’s algorithmic trading tools. Our Bitcoin Algorithm Arbitrage Strategy has delivered an astounding 247% annual return over the past three years. The entries, and exits speak for themselves; precision that drives success. Trusted by more than 15,000 customers and industry leaders, we’ve partnered with Gemini, Kraken, Coinbase and Robinhood to bring you cutting-edge solutions. Whether you’re a seasoned investor or just starting, our proven strategies maximize your potential. Join the ranks of those who trust Arch Public to navigate the markets with confidence. Talk to us today and discover why our expertise sets us apart. To Investors, I have spent the last few days thinking about why bitcoin underperformed expectations in 2025. My conclusion is that multiple trends, forces, and developments came together to create the perfect storm for the digital currency to end the year lower than where it started. Lower risk = lower return First, bitcoin is much less risky today than at any other point in the history of the asset. No one believes the US government is going to shut bitcoin down. The government isn’t going to come and arrest bitcoin holders. There is true decentralization, including from individual retail investors to the largest financial institutions in the world. This decentralization removes the risk of a 51% attack, along with other nefarious actions that could fundamentally change the bitcoin value proposition. Bitcoin has also gone through numerous economic situations without failing or going to $0. The digital asset has dropped ~80% numerous times, weathered the COVID liquidity crisis, resisted the FTX collapse, and then survived the Federal Reserve hiking interest rat…","meta_description":"Today’s Letter is brought to you by Arch Public ! Unlock unparalleled returns with Arch Public’s algorithmic trading tools. Our Bitcoin Algorithm Arbitrag…","key_points":[],"chapters":[],"topics":[],"duration_seconds":321,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-pomp-letter-3932923/episodes/the-4-reasons-why-bitcoin-did-not-perform-well-in-2025/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-pomp-letter-3932923/the-4-reasons-why-bitcoin-did-not-perform-well-in-2025.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}