🔥 Crypto Gathering Miami 2026: Get your tickets today: https://rvtv.io/49QZAGI It’s the final Macro Monday show of 2025…! Andreas Steno and Mikkel Rosenvold of Steno Research are here to recap what we learned after a volatile year in global markets — and what they’re preparing for in 2026. From the entire team at Real Vision, have a happy holidays, and we will see you in 2026! 📣 This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the necessary access. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. Music license ID: WJ6TRPVHFD About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin 00:00 - Sponsor Reads 01:50 – Final Macro Mondays of 2025: Year-End Reflections 04:23 – Bitcoin’s October 7th Cycle Prediction Comes True? 07:05 – Nvidia Selloff Reversal: Betting on the AI CapEx Cycle 09:18 – Even Danish Towns Are Buying Nvidia Chips 11:01 – From Lambo Year to Mercedes Reality: 2025 Portfolio Recap 13:03 – Global Equity Performance: Korea, Poland, and Spain Lead 15:13 – Why U.S. Banks & Credit Growth May Outperform Bitcoin 17:23 – Can Europe Grow Without Jobs? The Debt vs Growth Tradeoff 19:25 – UiPath & AI Automation: The Next Productivity Wave? 21:25 – Best & Worst Trades of 2025: Rigetti, DroneShield & Volatility 23:48 – Drones and Fiber Optic Warfare: CapEx Surge in Military Tech 26:10 – When Will U.S. ISM Cross 50? Tariff Impact Explained 28:44 – What Could Derail the AI Trade in 2026? 31:19 – Final Cycle Peak Coming in Late 2026? 33:10 – The 2026 Blowoff Top: Euphoria, Deregulation & Risk Ahead Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #macro #trump #dollar #bitcointrends #trumppolicies #macromondays #usd #dxy #nasdaq #dow #china #macrotrends #ratecuts #inflation #trumptariffs #trump #crypto #fed #powell #rates #economy #markets #bullish #bearish #etf #ethetf #btcetf #congress #uselections #stablecoins #usdt #usdc #inflation #steno #memes #stocks #equities #unemployment #raoulpal #realvision #fed #sec #ai #conflict #tradewar #creditcrisis #FOMC #macro