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).

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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).

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Brandon and Kate recap their time at Devconnect, share how it shifted their perspective on builders and culture across chains, and then dive into the big news of USDC coming to Stacks via Circle’s new xReserve product. They wrap with a deep dive into mNAV — a metric for valuing Bitcoin treasury companies — and how the “rise and fall” of those premiums tells a story about narratives, risk, and what the market is willing to pay for BTC exposure.

• ✈️ Devconnect recap: energy, builder culture, and how it felt coming from the Bitcoin/Stacks world
• 🤝 Stacks’ presence at Devconnect and interest in Bitcoin DeFi from the wider ecosystem
• 🏦 Circle x Stacks: USDC via xReserve and why “native-ish” issuance matters more than bridges
• 💵 What a USDC-backed stablecoin on Stacks unlocks for users, apps, and BTCFi
• 📉 mNAV explained: how to compare BTC treasury holdings to public market valuations
• 📊 The “rise and fall” of mNAV premiums and what they signal about ETF-era narratives
• 🏢 Nakamoto, MetaPlanet, and the new class of Bitcoin treasury companies
• 🧱 How all of this feeds back into the Stacks and Bitcoin L2 builder story

• 00:01:06 — Friday vibes and intro
• 00:01:52 — Devconnect recap and fresh inspiration
• 00:05:07 — Stacks at Devconnect and interest in Bitcoin DeFi
• 00:05:42 — Circle x Stacks announcement as a major headline
• 00:07:11 — Stacks Hacker House and teams building on Bitcoin L2s
• 00:16:28 — Bitcoin treasury companies, ETFs, and Nakamoto/MetaPlanet
• 00:18:57 — What mNAV is and how to read it
• 00:23:51 — The rise and fall of mNAV premiums in a post-ETF world
• 00:26:43 — Circle’s new xReserve product and USDC on Stacks
• 00:28:21 — aeUSDC today, UX tradeoffs, and what improves with native issuance

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

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Brandon and Kate sit down with Dylan from Bitflow to unpack HODLMM — a Bitcoin-native market-making strategy built on Stacks — and how Clarity 4’s new security features make “DeFi for grownups” possible, before shifting into a news roundup covering Strategy’s latest BTC buy, Square Bitcoin going live for merchants, a bold Zcash bet, and SoFi’s new crypto offering.

• 🎯 What HODLMM is and why Bitflow is building a Bitcoin-denominated market-making strategy
• 🧪 How concentrated liquidity and downside protection can make Bitcoin DeFi “feel like magic”
• 🏗️ Bitflow’s evolution on Stacks and working closely with other protocols
• 🛡️ Clarity 4 upgrades, pool verification, and adding security layers for DeFi on Bitcoin
• 🚀 Early access, whitelisting, and launch timing for HODLMM on Bitflow
• 📈 Strategy’s latest 487 BTC purchase using structured equity tickers instead of stock dilution
• 🏦 Square Bitcoin going live for merchants, Lightning payments, and auto-DCA into BTC via Cash App
• 🕵️‍♂️ Leap Therapeutics’ pivot to Cypherpunk Technologies and its big Zcash bet
• 🏛️ SoFi Crypto making SoFi the first regulated national bank in the U.S. to let customers buy crypto directly

• 00:00 — Intro, rainy California, and Buenos Aires travel plans
• 01:12 — Meet Dylan from Bitflow and HODLMM explained
• 08:23 — Making Bitcoin DeFi “feel like magic” with HODLMM and liquidity design
• 28:32 — How to get early access to HODLMM and launch timing
• 31:01 — Clarity 4, StacksDeveloper, and pool verification for safer DeFi
• 38:00 — Transition into weekly news
• 39:13 — Strategy’s structured equity plan to buy 487 BTC
• 42:09 — Square Bitcoin goes live: Lightning payments and Cash App’s merchant map
• 45:46 — Cypherpunk pivot and Zcash as a privacy-first bet
• 53:39 — SoFi Crypto and Maestro/Mesamine news roundup

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

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Brandon and Kate break down fresh Bitcoin headlines and market structure signals — from a new 397 BTC treasury move and dividend-style BTC exposure talk, to Kazakhstan’s proposed $1B crypto reserve fund, custody and withdrawal UX, and how “post-ETF world” dynamics are shaping whale behavior and liquidity.

• Corporate/treasury accumulation: a new 397 BTC buy and why it matters
• Dividend-style BTC exposure mechanisms and yield considerations
• Kazakhstan’s proposed $1B crypto reserve fund
• Custody and withdrawal UX: hot vs. cold, on/off-ramps, and asset support
• Post-ETF world: liquidity, spreads, and market microstructure
• OG whale behavior and accumulation patterns
• Stacks community shoutouts and ecosystem context

• 00:02:00 — Strategy first: 397 BTC acquisition
• 00:05:00 — Dividend-style BTC exposure and yield talk
• 00:07:30 — Community shoutout: Tycho and Stacks
• 00:10:30 — Kazakhstan’s proposed $1B crypto reserve fund
• 00:11:30 — Custody flows: hot vs. cold and on/off-ramps
• 00:12:00 — Withdrawal UX once asset support is added
• 00:17:30 — Reading a “post-ETF world” market
• 00:19:00 — OG whales and accumulation behavior

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

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Brandon and Kate bring Halloween energy to the Bitcoin world — celebrating the official launch of dual stacking, breaking down Bitcoin’s latest market movements, and exploring how Cashjr’s Bitcoin strategy upgrade is reshaping yield opportunities across the ecosystem.

• 🎃 Halloween vibes and Bitcoin milestones
• ⚡ Dual stacking officially launches — what it means for sBTC and STX holders
• 🪙 Cashjr’s Bitcoin yield strategy and how it fits the BTCFi landscape
• 📈 Bitcoin market sentiment and October performance recap
• 🧱 Stacks ecosystem reactions to dual stacking going live
• 🗣️ Community excitement, feedback, and early participation data

• 00:00 — Halloween intro and Bitcoin chat
• 02:30 — Dual stacking goes live
• 07:00 — What dual stacking unlocks for users
• 10:30 — Cashjr’s Bitcoin yield strategy explained
• 15:00 — Market overview and price action
• 19:00 — Stacks ecosystem reactions
• 23:00 — Community participation insights
• 27:00 — Wrap-up and final thoughts

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

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Brandon and Kate unpack a whirlwind week in crypto — from headlines about a potential Trump pardon for CZ, to whale flows rotating into BlackRock’s iBIT spot Bitcoin ETF, to the biggest takeaways from a16z’s latest State of Crypto report — and what all of it means for builders on Bitcoin and Stacks.

• 🎯 Rumors and realities around a Trump pardon for CZ (Changpeng Zhao)
• 🐋 Bitcoin whales moving funds into BlackRock’s iBIT ETF and what the flows signal
• 📊 a16z “State of Crypto” report: adoption curves, dev metrics, and infra trends
• 🏗️ Implications for Bitcoin L2s, sBTC, and the BTCFi stack
• 🧭 Market structure: liquidity, fees, and path-to-retail narratives
• 🧱 Stacks ecosystem context and how dual stacking fits this macro

• 00:00 — Intro and quick hits
• 01:30 — Trump/CZ: pardon chatter, legal context, market reaction
• 06:00 — What matters vs. what’s noise
• 09:30 — Whale rotations into iBIT: ETF flows, on-chain cues
• 14:30 — Reading ETF data: liquidity, spreads, and inflows
• 18:30 — a16z State of Crypto: key charts and signals
• 23:30 — Takeaways for Stacks, sBTC, and BTC L2 builders
• 27:30 — Closing thoughts and community notes

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

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📰 RSS: anchor.fm/s/f9f164f0/podcast/rss