According to Miles Deutscher on X on Nov 21, 2025, the prior BTC cycle driven by DAT buying, SBR hype, and record ETF flows has ended, signaling a transition into a floor-finding phase before the next catalyst (source: Miles Deutscher on X, Nov 21, 2025). According to Miles Deutscher on X on Nov 21, 2025, he rejects a fixed 4-year cycle and argues BTC now trades as a macro asset led by flows and narratives rather than halving timelines (source: Miles Deutscher on X, Nov 21, 2025). According to Miles Deutscher on X on Nov 21, 2025, the next upside trigger could arrive within weeks to months via fiat debasement, an AI energy race, or broader liquidity expansion, implying traders should adapt positioning to macro-driven volatility and range dynamics (source: Miles Deutscher on X, Nov 21, 2025).

According to @Andre_Dragosch, Bitcoiners have discussed the debasement trade for years while mainstream economists are only now addressing it, signaling a broader macro focus on currency debasement that aligns with Bitcoin’s hedge narrative (source: @Andre_Dragosch on X, Oct 3, 2025). For traders, this highlights a narrative catalyst around fiat debasement that can inform BTC positioning as an inflation hedge theme in 2025, even though no specific price levels or timing were provided in the post (source: @Andre_Dragosch on X, Oct 3, 2025).

According to Adam Back, Bitcoin (BTC) serves as insurance against fiat currency debasement, highlighting its role as a hedge in volatile macroeconomic conditions. This perspective underscores BTC’s appeal to traders seeking protection from inflation and currency devaluation, signaling potential increased demand for BTC in periods of fiat instability (source: Adam Back on Twitter).