Did 2025 mark an apex for risk-asset-driven inflation? It's a top reason Bitcoin may be a worthy short -- to prove strength by staying above $100,000. "Overhyped" and "first-born" are emphasized for the original crypto in 2009. Now there's millions, and the masses have jumped onboard via ETFs. Last year might have been a crypto peak akin to internet stocks in 2000. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t9bdi6kip3k1 {BI COMD} #bitcoin #bonds @markets(Mike McGlone)