Video News/In Focus with Jeremy Szafron

Ran Neuner says Bitcoin’s collapse from its $126,000 record to around $91,000 erased more than $1 trillion in wealth and was not a random event. Speaking with Kitco News Anchor Jeremy Szafron, Neuner pointed to a sequence of margin hikes, product filings, and index warnings that he believes reveal a “Hostile Takeover” of the Bitcoin trade by major banks. He noted that while retail investors were panic-selling, Wall Street institutions were quietly filing paperwork to launch their own Bitcoin products. Neuner also explained why the premium on MicroStrategy, now Strategy Inc., collapsed “exactly as he predicted in July.” Neuner broke down what he calls the “Lost Year” of 2025, outlining how institutional positioning reshaped the market’s structure. Looking ahead, he revealed the new “Niche Trade” for 2026 that combines AI Agents with the X402 protocol. Recorded November 27, 2025, the interview examines liquidation events, halving cycle dynamics, and how global liquidity is shaping the next phase for Bitcoin and digital asset companies. Thanks to our sponsor, Swan Bitcoin for making this coverage possible.