🔴 WATCH: Ben Cowen - Why the BTC Bear Market Isn't Over & the Case for a Q4 Bottom | BMP Ep 11
Everyone calling "this time is different" said the same thing in 2017, 2021, and 2025. Ben Cowen joins the Bitcoin Magazine Podcast to share his thoughts on the macro headwinds facing Bitcoin, and the case for a Q4 bottom.
Feat. @BranBTC & @benjamincowen
Chapters:
02:06: From Nuclear Engineering PhD to Bitcoin
10:32: 2025 Apathetic Top vs. 2019 Apathetic Top
15:17: Bitcoin Cycles Inside the Macro Business Cycle 22:13: Narrative Follows Price
29:01: Could Midterms be a Surprise Bitcoin Bottom?
37:00: The 40K Target
42:25: The Fed Is Checkmated
47:51: Why Treasury Companies Will Bleed to Bitcoin
52:14: Bitcoin Beyond 2026
59:30: "The Bears Sound Smart, The Bulls Make Money"
Plausible path:
Bitcoin forms a low in June (like it did in June 2018 and June 2022).
BTC rallies in July
SPX correction later in year which allows Bitcoin to finally bottom (most likely October)
Four year cycle wins again