If you thought the crypto markets would quiet down heading into the holidays, think again. This past week delivered everything from philosophical debates about digital scarcity to political bombshells about presidential crypto dealings.

The Great Bitcoin Scarcity Debate

Cryptocurrency analyst Willy Woo found himself defending one of Bitcoin's core value propositions after Matteo Pellegrini, CEO of Bitcoin-focused social app Club Orange, argued that Bitcoin isn't actually scarce—just finite. It sounds like semantic hair-splitting, but the distinction matters if you're trying to justify Bitcoin's price appreciation.

Woo's counterargument is straightforward: scarcity isn't just about absolute numbers, it's about supply relative to demand. Bitcoin's fixed supply cap of 21 million coins combined with sustained demand creates genuine scarcity, he argued. The market seems to agree, at least based on Bitcoin's price trajectory over the years.

Dogecoin's Thanksgiving Slump

While families gathered around turkey dinners, Dogecoin hit a resistance wall. The meme cryptocurrency slipped more than 2% over the holiday period, with trading volume collapsing 38% to $918 million. Apparently even crypto traders take Thanksgiving off.

Analyst Ali Martinez identified the key technical levels everyone's watching: $0.20 remains the main resistance barrier preventing further upside, while $0.080 provides critical support on the downside. Dogecoin appears stuck in what some are calling a "third-wave deadlock" as momentum stalls.

Tether Fights Back Against Rating Agencies

Paolo Ardoino, Tether's CEO, wasn't pleased when S&P Global Ratings downgraded the stablecoin issuer's stability rating. His response? Essentially telling them to keep their outdated methodologies to themselves.

Ardoino argued that traditional rating agencies have repeatedly given investment-grade ratings to companies that later collapsed spectacularly. He suggested Tether wears S&P's criticism as a badge of honor, claiming the old guard simply doesn't understand how crypto businesses operate. Whether you find that reassuring or concerning probably depends on your existing views about stablecoins.

Trump's Crypto Empire Draws Democratic Fire

House Democrats released a report accusing Trump Media & Technology Group Corp. of transforming the White House into what they called an "$800 million crypto windfall" machine. According to the partisan analysis, President Trump doubled his net worth since launching his 2024 campaign by building out an expanding network of cryptocurrency businesses and token offerings.

The numbers are eye-popping: the Trump family allegedly generated $800 million from token sales in just the first half of 2025, with total holdings across digital assets and equities now approaching $11 billion. The political implications are obvious, though the factual claims will certainly be disputed.

Peter Schiff's Doom Prophecy

If you're looking for crypto optimism, don't turn to Peter Schiff. The longtime Bitcoin skeptic warned on Schwab Network that companies adopting Bitcoin or Ethereum treasury strategies are "ultimately doomed."

Schiff singled out Strategy's Bitcoin-leveraged business model as structurally flawed. His critique: the company generates no meaningful earnings, accumulates mounting losses, and stays afloat only by issuing new debt or equity to purchase more Bitcoin—an asset that produces no cash flow. It's the same criticism value investors have leveled at Bitcoin since the beginning, though Bitcoin believers would say Schiff is missing the point entirely.

Welcome to another week in crypto, where the debates are heated and nobody agrees on anything.