Bullish Trump Coin (BTC)

Welcome back to The Bitcoin Treasuries Podcast.

Today's guest is @Werkman, CIO of @Strive.

We discuss Ben's take on the current state of the market, the base case for the bear market, talking to retail versus institutional investors, stress testing digital credit in a bear market, Ben's day to day as CIO of Strive, and much more.

Here's my conversation with Ben Werkman.

0:00 - Intro
0:30 - Ben’s take on the current state of the market
4:00 - The base case for the bear market?
9:20 - Talking to retail vs institutional investors
17:04 - Stress testing Digital Credit in a bear market
22:37 - Ben’s day-to-day as CIO of Strive
26:27 - Will a bull market lift all Bitcoin Treasury companies?
30:44 - Digital Credit while trading below NAV?

BTC key posts summary since Jul 2025. I cannot clarify individually so putting all together.
- never talked about a new high since Jul 2025.
- highlighted weakness since Jul 2025.
- not said cycle is over because it didn't break the monthly support.

Jul 2025 at $116k:
👉"Sudden sign of weakness in BTC weekly! .... I'm on high alert!"
https://t.co/7IlJSX3SqJ

Oct 2025 at $106k
👉"Currently, BTC’s trend is showing weakness. It will need to break above $116K to escape the downside pressure otherwise a risk of trend reversal."
https://t.co/cYGF7aYqvp

Nov 2025 at $102k:
"A negative divergence is observed on the oscillator, signaling weakness in the trend"
https://t.co/I5wPbHy70I

Dec 2025 at $87k:
👉 "it’s weak but not dead. It’s still in an uptrend."
https://t.co/PIbUWq94VY

1st Feb 2026 at $76k
👉"For the BTC uptrend, I’m tracking the April 2025 low ($74k) as the last support. A weekly close will tell us whether this is a breakdown or a bounce. I'm with the happy path simply because the last support is not brok