Oct 22: Is Bitcoin Running Out of Buyers?

Bitcoin falls back toward $81,650 despite continued institutional ETF demand, as technology stocks weaken and Brent crude approaches $112 per barrel. Matt examines Chamath Palihapitiya's increasingly bearish outlook for Bitcoin following his appearance on the Moonshots podcast. Chamath argues that Bitcoin may be approaching saturation among existing buyers, that wealthy investors face serious custody and physical security risks, and that Bitcoin developers may struggle to coordinate necessary changes against future AI and quantum-computing threats. Matt challenges the idea that institutional adoption has peaked while acknowledging that Bitcoin needs additional sources of long-term demand. He also explores the possibility of a major...