Bitcoin is at a crossroads.
In Episode 59 of Token Narratives, @graminitha1 and @_dsencil break down the growing civil war inside Bitcoin development: should the protocol ossify — or upgrade with opcodes like CTV and OP_CAT?
We also dive into:
– Why crypto natives still aren’t buying Bitcoin
– The death of the Fat Protocol Thesis
– Why revenue-sharing tokens are replacing L1 narratives
– Whether tokenized stocks will finally change TradFi forever
⛓️ CTV vs OP_CAT
📉 ETH, SOL, and L2s struggling
📈 BTC Treasury Companies keep stacking
📊 Robinhood, Solana, and the push for stocks on-chain

In this episode of Token Narratives, David and Graham explore the explosion of crypto treasury plays in TradFi — from Justin Sun’s $210M Tron vehicle to ophthalmology companies buying $50M in Hype. Plus:
• AI adoption becoming a political litmus test
• The rise of crypto stocks as the new altcoins
• Why stablecoins may kill banks
• What comes next in the fintech race
This might be the most alpha-packed episode yet.
🎙 Hosts:
Graham Stone https://x.com/graminitha1
David Sencil https://x.com/_dsencil
Presented by Bitcoin.com

Bombs, Black Swans, and BTC: Navigating the War Trade

In Token Narratives Ep. 56, @_dsencil & @graminitha1 break down:

📉 BTC dips on Israel-Iran escalation

💥 Circle’s 150x earnings “valuation”

🧠 “Where are we in the cycle?”

🎯 Why Hyperliquid might be this cycle’s Solana⚔️ Plus: Is BTC maximalism a euphoria antidote?