In the final episode of 2025, Michiel Frackers and dr. Nisheta Sachdev look back at one of the most volatile and confusing years in crypto and tech. From wildly inaccurate Bitcoin price predictions to the rise of ETFs and the continued blur between crypto and traditional finance, the episode reflects on what actually mattered and what did not.

They discuss major 2025 themes including ETF inflows, AI companies buying competitors, the surprising performance gapbetween Bitcoin, Solana, gold, and Nasdaq, and why diversification mattered more than conviction this year. The conversation also covers Asia’s growing role in crypto adoption, Solana’s real revenue traction, and why some narratives ran far ahead of reality.

The episode wraps with the NFA trading competition results, a candid look at how both hosts performed, and a forward looking discussion on 2026. Spoiler alert: both Nish and Frackes beat the market indexes and the major cryptocurrencies, but there was one clear winner who did almost twice as good as the other…

Other topics include market volatility, potential IPOs in 2026, infrastructure assets, and which projects and tokensmay be worth watching next year.

As always, this is not financial advice.

Chapter list with timecodes

00:00 Intro: Wrapping up 2025

01:06 Why predictions failed again

02:10 Bitcoin price forecasts and expert misses

03:45 No one knows: volatility and reality

04:10 2025 crypto news roundup

05:27 Meme coins collapse and gaming growth

06:00 Asia Pacific crypto adoption

06:55 Japan, Mt. Gox, and risk aversion

07:27 Solana tipping and real revenue

08:24 Bitcoin ETFs vs gold inflows

09:26 Who really bought the Bitcoin ETF

11:04 Meta buying Chinese AI startup Manus

11:54 Nvidia, Groq, and competition by acquisition

13:19 Gold, Bitcoin, stocks: what actually performed

15:01 NFA trading competition results

16:26 Diversification and portfolio lessons

18:12 Five year crypto performance comparison

19:38 Nasdaq and S&P as benchmarks

20:44 Infrastructure assets and copper

21:31 IPOs to watch: Kraken, SpaceX, Helium

23:32 Reviewing last month’s predictions

24:43 Market cap and Bitcoin outlook for 2026

26:15 Ethereum and Solana predictions

27:52 Altcoin season and sentiment

28:20 Breakout projects and ASTR

29:55 Volatility expectations for 2026

31:04 Trading plans for the new year

33:07 Final thoughts and sign off

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About Nish & Frackers

Nisheta Sachdev

Nish Sachdev has been in web3 since 2020 andhelped build and scale one of the largest marketing agencies in the space, allowing her to help launch and scale hundreds of projects from the AI, gaming, infra, DeFi, and RWA spaces.

As a fractional CMO and advisor, Nish leadsall marketing efforts at various companies, including marketing strategies, branding, growth, community management and sentiment, partnerships, business development, and operations.

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Michiel Frackers

Michiel Frackers is a technology entrepreneur whofocuses on developing solutions that are good for the bottom-line, the community and the planet. He is cofounder of Tracer,cohost of the NFA Podcast with Nisheta Sachev and writer of a popular weekly tech newsletter.

Previously co-founded Planet Internet, at the time the largest internet company in the Netherlands and invested in startups such as Flabber (acquired by Vice). Speaker at many leading global events like Techcrunch Disrupt, SXSW and the World Economic Forum (Davos).

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