
← Trezor Talks29 aug 2025 · 1 u 09 min
No more 4-year cycles? Bitcoin’s future with Stephan Livera
<p>If Bitcoin’s famous 4-year cycle is breaking down, what does that mean for investors, and does it weaken the case for Bitcoin’s future?</p><p>In this episode of Trezor Talks, popular Bitcoin podcaster and Austro-libertarian thinker Stephan Livera joins Sean to explore Bitcoin’s role in a late-stage fiat world. </p><p>They discuss:</p><p>• How hyperbitcoinization could actually happen</p><p>• The risks of treasury companies holding Bitcoin</p><p>• Why Bitcoin is the greatest opportunity for young people</p><p>• What it really means to live in late-stage fiat</p><p>• Why gold is not the money of the future</p><p>• How to survive bear markets without getting rekt</p><p>• Why self-custody will always be #1</p><p>And more! </p><p>“For most people, the safe thing to do is stay humble and stack sats.” — Stephan Livera</p><p>This podcast was filmed during BTC Prague.</p><p>Timestamps:</p><p>(0:00) – Introduction: What is an Austro-libertarian?<br>(5:05) – Stephan’s mission: spreading Bitcoin awareness<br>(10:36) – Are Bitcoin’s 4-year cycles ending?<br>(19:40) – The risks of Bitcoin treasury companies<br>(28:27) – Living in late-stage fiat<br>(30:15) – You need to ride the cycles 🎢<br>(32:00) – Purity tests in Bitcoin<br>(36:15) – NGU technology & onboarding newcoiners<br>(40:00) – Why people keep using exchanges<br>(41:48) – How to stop friends losing coins<br>(46:40) – Wen hyperbitcoinization?!<br>(51:25) – Why you’re still early<br>(53:10) – Sean got his bank frozen<br>(54:55) – Will Google & Apple bow to Bitcoin? (YES!)<br>(56:18) – Prague has become a Bitcoin hub<br>(57:26) – Zoom out: price vs. big picture<br>(59:30) – Sean’s favorite meme on surviving the bear market<br>(1:01:50) – Bitcoin vs. gold & property<br>(1:08:10) – Closing thoughts & the awkward handshake</p><p><br></p><p>Secure your crypto with Trezor: https://trezor.io/</p>