THE DCN NFT
I wanted to show people something tangible, because Daily Crypto News has been running for almost three years now and a lot of that work just disappears into timelines and feeds. About a year into doing the show, we started making individual thumbnails for every single episode. That eventually turned into hundreds of episodes and hundreds of images that tell the story of where the market was at the time.
This NFT is the final print of that work.
It’s a 30 by 30 inch square made up of 441 episode thumbnails, spanning from 2023 through late 2025. Each thumbnail corresponds to a specific Daily Crypto News episode, with the title and release date included on the back of the physical print. The NFT itself is minted immutably on Ethereum, and alongside it you receive a glossy, poster-sized physical print that I sign and ship to you, no matter where you live.
YEARS OF DAILY CRYPTO NEWS #4
https://manifold.xyz/@dailycryptonews/id/4100038896
YEARS OF DAILY CRYPTO NEWS #5
https://manifold.xyz/@dailycryptonews/id/4100051184
YEARS OF DAILY CRYPTO NEWS #6
https://manifold.xyz/@dailycryptonews/id/4100053232
This isn’t about flipping or price speculation. You can trade it, gift it, or hold it forever because it’s on-chain, but the point is ownership. It’s a way to commemorate years of consistency, showing up every day, and documenting a period where crypto changed from a fringe, ideological movement into something fully institutional.
We minted three initially and they sold. Three more are live now, and once we reach ten total, that’s it. No more will be created. If you want a piece of Daily Crypto News history — both digital and physical — this is how you get it.
BITCOIN PRICE, THE STATE OF CRYPTO — AND WHY WE MADE THE NFT
I want to separate two conversations that keep getting mashed together: the crypto ethos conversation and the priceconversation. They are related, but they are no longer the same thing.
On price specifically, there is a very real and very reasonable question people keep asking: if everything else is ripping, why isn’t Bitcoin? The S&P 500 is moving. Tech stocks are moving. Commodities are moving. Even companies like Google overtaking Apple are making people stop and stare. So the obvious question becomes: why isn’t Bitcoin already at $250,000? Why isn’t it even as large as silver yet?
The honest answer is that nobody actually knows, and anyone pretending they do is selling you a narrative.
What we do know is this: none of the historical top indicators have hit. Not one. Fear and greed hasn’t topped out. RSI hasn’t flashed a cycle peak. On-chain demand hasn’t screamed blow-off. Stock-to-flow hasn’t broken. Mayer Multiple hasn’t triggered. Nothing that has marked prior cycle tops has shown up this time. That alone makes it very hard to argue that we’re in a true bear market.
One popular narrative I don’t disagree with is that we are consolidating. Sideways. Cooling off. Building a base. If you look at previous cycles, this kind of pause after strong upward momentum is not abnormal at all. And when those consolidations resolve, they tend to resolve violently to the upside. That’s the bullish case, and there’s real data behind it.
The competing narrative is that Bitcoin has changed because who owns it has changed. Institutional money is here. ETFs are here. Corporations are here. This isn’t retail mania. This isn’t China banning Bitcoin every six months. That means fewer blow-off tops, but it also means fewer 75–80% drawdowns. The idea here is slower, calmer movement up and to the right over a decade, more like the S&P 500 than the Bitcoin of 2017.
If that’s true, then yes, we might still see $60,000 or $65,000. We could even dip into the 70s. But the odds of a full collapse back to $20,000 are low. At the same time, the odds of a straight shot to $350,000 with a parabolic melt-up are also low. Both extremes get clicks. Neither is particularly grounded.
Here’s the part people really don’t like hearing: adjusted for inflation, Bitcoin hasn’t actually done that well lately. The inflation-adjusted all-time high from the $69,000 peak is around $84,000. At roughly $90,000, Bitcoin has barely beaten inflation. That’s uncomfortable, but it’s true. This year, plenty of assets outperformed Bitcoin. That doesn’t mean Bitcoin is broken. It means expectations were out of sync with reality.
Where I land is cautiously bullish. Money is flowing. GDP is strong. Unemployment is low. Legislation is improving. ETFs exist. Institutional capital is committed. And still, no top indicators have fired. That combination has literally never happened before.
So yes, there may be short-term pain. We could chop. We could dip. We could frustrate everyone for another quarter or two. But structurally, nothing looks finished. This feels less like the end of something and more like a market trying to figure out what Bitcoin is now in an institutional world.
If you’re waiting for fireworks tomorrow, you’ll probably be disappointed. If you’re willing to wait, dollar-cost average, and ignore the noise, I think the odds still favor higher prices over time.
Not financial advice. Just how I’m reading it.
Happy HODLing.
