Is the Golden Age of Crypto Over? | Token Narratives Ep. 82

Is the golden age of crypto officially over?
In this episode of Token Narratives, Graham and David break down whether the era of effortless 100x gains, airdrop windfalls, and lottery-ticket altcoin runs is behind us — or if it’s simply evolving.

They also cover:
• Bitcoin’s dump-then-pump volatility
• Japan’s rate hike shock
• Vanguard, Schwab & Bank of America opening floodgates to BTC
• Why bullish news is bullish again
• The biggest potential Fed shift since the 1970s
• Ethereum’s narrative comeback
• Whether altseasons can still happen
• Why 2026 might be a historic inflection point

00:00 The Current State of Crypto Markets
05:58 Market Reactions and Institutional Involvement
12:07 Conspiracy Theories and Market Manipulation
17:47 Future Predictions and Economic Indicators
24:56 Cultural Shifts and the Rise of Stablecoins
33:21 The End of the Golden Age of Crypto
36:01 The Future of Alt Seasons
40:47 Valuing Layer Ones: Ethereum vs. Solana
53:18 Vanguard and the Future of Bitcoin

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