Brandon and Kate wrap the year by reflecting on what was actually best for Bitcoin in 2025 — separating signal from noise across price action, ETFs, treasury companies, Bitcoin L2s, stablecoins, and developer momentum. They look back at the narratives that mattered, the ones that faded, and what 2025 revealed about Bitcoin’s path forward.

• 📈 Bitcoin in 2025: price action vs. real adoption
• 🏦 The impact of ETFs and how they changed market structure
• 🏢 Bitcoin treasury companies: lessons learned and market maturity
• 🧱 Bitcoin L2 progress, including sBTC and execution on Stacks
• 💵 Stablecoins on Bitcoin and why infrastructure beats narratives
• 🧑‍💻 Developer momentum, tooling, and where builders actually showed up
• 🧠 Which narratives held up and which quietly disappeared
• 🔮 What 2025 set up for Bitcoin in the years ahead

• 00:00 — Intro and framing the question
• 02:10 — What “best for Bitcoin” really means
• 05:30 — ETFs, liquidity, and structural changes
• 10:45 — Treasury companies: winners, losers, and reality checks
• 16:20 — Bitcoin L2s, sBTC, and execution in 2025
• 21:40 — Stablecoins and payments on Bitcoin
• 26:10 — Developer momentum and ecosystem health
• 31:00 — Narratives that worked vs. narratives that faded
• 36:00 — Closing thoughts and looking ahead

Good For Bitcoin is hosted by Brandon Marshall (@marshallmixing) and Kate Parkman (@katemparkman).

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Brandon is joined by Zero from Zero Authority to explore how on-chain reputation works, why identity matters for Bitcoin-native apps, and how reputation systems can unlock better incentives across DeFi, governance, and community coordination on Stacks.

• 🧠 What on-chain reputation is and why it matters for Bitcoin and Stacks
• 🆔 How Zero Authority approaches identity without compromising privacy
• 🏗️ Reputation as infrastructure for better incentives in DeFi and DAOs
• 🎯 Sybil resistance, proof-of-participation, and measuring meaningful contribution
• 🪙 How reputation can be earned, maintained, and lost over time
• 🧩 Integrations with Stacks apps and the broader BTCFi ecosystem
• 🌱 Early use cases and what’s coming next for Zero Authority

• 00:00 — Intro and guest welcome
• 02:10 — What is on-chain reputation?
• 06:30 — Identity, privacy, and Sybil resistance
• 12:45 — Reputation as DeFi and governance infrastructure
• 18:20 — Earning, maintaining, and losing reputation
• 23:40 — Integrations across Stacks and BTCFi
• 28:30 — Roadmap and what’s next for Zero Authority

Good For Bitcoin is hosted by Brandon Marshall (@marshallmixing) and Kate Parkman (@katemparkman).

🎧 Subscribe: goodforbitcoin.com
📺 Watch: YouTube
🎙️ Listen on: Spotify • Apple Podcasts • Amazon Music • Pocket Casts
📰 RSS: anchor.fm/s/f9f164f0/podcast/rss

Brandon and Kate tackle the big question on everyone’s mind: are Bitcoin treasury companies finally about to pump our bags, or are they still a structural risk to the market? They walk through fresh announcements from corporate buyers, revisit earlier fears about debt-fueled treasury strategies, dig into why Bitcoin DeFi still matters no matter what price does, and close with stablecoin risk, Tether’s downgrade, and an upcoming sBTC giveaway with Zero Authority.

• 🎯 Whether this new wave of Bitcoin treasury companies is different from the last cycle
• 🏢 How leveraged treasury strategies could create cascading sell pressure if BTC dumps
• 📈 New announcements that suggest some treasury companies are finally executing
• 🧠 Why “Bitcoin needs DeFi” regardless of ETF flows or treasury narratives
• 🏦 S&P’s downgrade of USDT/Tether and what it says about stablecoin reserve risk
• 💵 The role of stablecoins vs. BTC as pristine collateral in a BTCFi world
• 🧱 Recap of last year’s milestones like Nakamoto and sBTC going live, and what’s coming next
• 🎁 Upcoming sBTC giveaway and a Zero Authority episode on on-chain reputation

• 00:00:22 — Cold open, technical gremlins, and Friday vibes
• 00:03:02 — Looking back: Nakamoto, sBTC, Circle, and a busy year for Bitcoin L2s
• 00:07:45 — Why debt-fueled Bitcoin treasury companies used to be scary
• 00:12:52 — Are Bitcoin treasury companies finally about to execute and buy BTC?
• 00:16:27 — Bitcoin as DeFi: lending, borrowing, and trading BTC regardless of price
• 00:17:04 — S&P downgrades USDT/Tether and re-prices stablecoin risk
• 00:21:55 — Announcing an sBTC giveaway with Zero Authority
• 00:22:21 — How to participate and where to find Zero Authority DAO

Good For Bitcoin is hosted by Brandon Marshall (@marshallmixing) and Kate Parkman (@katemparkman).

🎧 Subscribe: goodforbitcoin.com
📺 Watch: YouTube
🎙️ Listen on: Spotify • Apple Podcasts • Amazon Music • Pocket Casts
📰 RSS: anchor.fm/s/f9f164f0/podcast/rss