2025 was supposed to be the year for crypto.

Instead, it delivered all-time highs… followed by one of the most confusing pullbacks we’ve seen in years. Bitcoin hit new records, then gave them back. Altcoins struggled. Expectations got wrecked. And everyone was left asking the same question:

What the hell just happened?

In Episode 799 of The Bad Crypto Podcast, Joel and Travis close the books on 2025 and look ahead to what 2026 might bring — without pretending they have a crystal ball.

They break down:


Why 2025 felt bullish on paper but disappointing in reality


The massive liquidation event that changed market momentum overnight


Why the four-year cycle may already be broken


How Bitcoin behaved more like a “stablecoin” than a risk asset this year


Why nation-states, ETFs, and institutions are quietly reshaping the market


What macro factors, liquidity, elections, and money printing could mean next


Why zooming out still tells a very different story than staring at short-term charts

The guys debate whether Bitcoin is gearing up for another major leg higher or settling into a new kind of market entirely — one driven less by retail euphoria and more by institutions, governments, and global liquidity.

It’s part recap, part reality check, part cautious optimism… and a reminder that after nine years and nearly 800 episodes, Bad Crypto is still here, still asking the hard questions, and still bullish on the long game.

As the calendar flips to 2026 and Episode 800 looms, this is your moment to reflect, recalibrate, and remember why you got into crypto in the first place.

Out with the old.
In with the new.
And as always…

Stay bad.

2025 was supposed to be the year for crypto.
Instead, it delivered all-time highs&hellip; followed by one of the most confusing pullbacks we&rsquo;ve seen in years. Bitcoin hit new records, then gave them back. Altcoins struggled. Expectations got wrecked. And everyone was left asking the same question:
What the hell just happened?
In Episode 799 of The Bad Crypto Podcast, Joel and Travis close the books on 2025 and look ahead to what 2026 might bring &mdash; without pretending they have a crystal ball.
They break down:
<ul data-start="821" data-end="1333">
<li data-start="821" data-end="884">
Why 2025 felt bullish on paper but disappointing in reality
</li>
<li data-start="885" data-end="957">
The massive liquidation event that changed market momentum overnight
</li>
<li data-start="958" data-end="1007">
Why the four-year cycle may already be broken
</li>
<li data-start="1008" data-end="1084">
How Bitcoin behaved more like a &ldquo;stablecoin&rdquo; than a risk asset this year
</li>
<li data-start="1085" data-end="1163">
Why nation-states, ETFs, and institutions are quietly reshaping the market
</li>
<li data-start="1164" data-end="1244">
What macro factors, liquidity, elections, and money printing could mean next
</li>
<li data-start="1245" data-end="1333">
Why zooming out still tells a very different story than staring at short-term charts
</li>
</ul>
The guys debate whether Bitcoin is gearing up for another major leg higher or settling into a new kind of market entirely &mdash; one driven less by retail euphoria and more by institutions, governments, and global liquidity.
It&rsquo;s part recap, part reality check, part cautious optimism&hellip; and a reminder that after nine years and nearly 800 episodes, Bad Crypto is still here, still asking the hard questions, and still bullish on the long game.
As the calendar flips to 2026 and Episode 800 looms, this is your moment to reflect, recalibrate, and remember why you got into crypto in the first place.
Out with the old. In with the new. And as always&hellip;
Stay bad.

Technologists and crypto-enthusiasts Joel Comm and Travis Wright attempt to demystify the world of bitcoin, blockchain, litecoin, ethereum, alt-coins, token generation events, and ICOs in this podcast for cryptocurrency newbies.

Bitcoin, Blockchain, and Cryptocurrency for newbies

The Bad Crypto Podcast

Since 2017, technologists and crypto-enthusiasts Joel Comm and Travis Wright have attempted to demystify the world of bitcoin, blockchain, ethereum, altcoins, NFTs, Play-2-earn, the metaverse and Web3 in this podcast for cryptocurrency newbies and veterans alike!

Featuring some of the biggest names and most prolific movers-and-shakers in the space, the pair put the spotlight on their guests while taking listeners along for the journey down the rabbit hole.

Past guests have included John McAfee, Richard Heart, Tom Bilyeu, Vitalik Buterin, Roger Ver, Brock Pierce, Michael Terpin, Brittany Kaiser, Max Kaiser, Tim Draper, CZ and many more. 

Since 2017, technologists and crypto-enthusiasts Joel Comm and Travis Wright have attempted to demystify the world of bitcoin, blockchain, ethereum, altcoins, NFTs, Play-2-earn, the metaverse and Web3 in this podcast for cryptocurrency newbies and veterans alike!
Featuring some of the biggest names and most prolific movers-and-shakers in the space, the pair put the spotlight on their guests while taking listeners along for the journey down the rabbit hole.
Past guests have included John McAfee, Richard Heart, Tom Bilyeu, Vitalik Buterin, Roger Ver, Brock Pierce, Michael Terpin, Brittany Kaiser, Max Kaiser, Tim Draper, CZ and many more.&nbsp;

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