Bitcoin’s Bear Market: Strategy Sells, COLDCARD Fails, and Miners Pivot to AI

As of August 20, 2026, Bitcoin is trading near $63,500 despite moderating inflation, institutional adoption and recent exchange-traded-fund inflows. So why isn’t the price performing better? Danny, Brendan, and Jon examine the macroeconomic forces keeping Bitcoin range-bound, including stagnant global liquidity, elevated interest rates, energy uncertainty and the enormous capital buildout surrounding artificial intelligence. They also discuss whether Bitcoin’s four-year cycle remains intact, ...