Bitcoin/Cryptos Bear Market - Base case update: The widespread proliferation of ETFs and President Trump's shift to enthusiast from antagonist marked the Bitcoin/crypto peak in 2025. The decline of many bogus coins -- worth billions and tracking nothing -- to zero may signal a bear-market bottom. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t1aeq6gq7l40 {BI COMD} #bitcoin #gold #cryptos #commodities @BBGIntelligence(Mike McGlone)