Bitcoin is sitting near $84,000 heading into this conversation, 892 days past the halving, with sentiment firmly in greed and ETF demand still described as accumulating. Dr. Jeff Ross joins the podcast to explain why none of those numbers are the real story.

Jeff argues that the separation of money and state is the next necessary evolution in a long historical pattern, the same kind of institutional unbundling that happened when church and state split centuries ago. He walks through where we are in the broader macro cycle, what a Fourth Turning framework says about the stress showing up in markets, sentiment, and policy right now, and why a system built on centrally controlled money cannot be patched, only replaced. We get into the mature, late-cycle conditions bitcoin is trading in today, what long-term holders and institutional flows are actually signaling versus what the headlines claim, and why Jeff thinks the current moment in markets is a symptom of something much larger than a single rate decision or ETF flow number.

This is a big-picture conversation about markets, macro, and monetary history, for anyone trying to understand what's actually breaking and what bitcoin's role is in what comes next.

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