Bitcoin Fell Just 2% As AI Stocks Lost $1 TRILLION - What's Holding It Up? | Brent Donnelly

Spectra Markets President Brent Donnelly joins Scott Melker, Dave Weisberger and Mike McGlone on why Bitcoin fell only about 2% while AI and chip stocks lost $1 trillion, and what bond yields, the Fed and the midterms mean for crypto and macro markets. The panel covers rising long-term yields and the odds of a Fed hike, weekend trading and the chip-stock selloff, lessons from the 1987 crash on its anniversary, and the AI capex flywheel that is propping up the economy. They debate Bitcoin trading like an option, volatility and fair value, midterm election risk for crypto, institutionalization and custody, the $40 trillion national debt, the dollar's 1999 parallels and global bond yields. In this episode:00:00:00 Intro: Bitcoin falls just 2% as AI stocks lose $1T00:01:00 Macro roundup: yields, Fed hike odds and global elections00:05:30 The weekend chip selloff and 24/7 trading00:07:00 The 1987 crash anniversary and market gaps00:11:00 The AI capex flywheel and crowding out00:21:00 Bitcoin as an option: volatility, cycles and fair value00:31:00 Fighting the Fed and the dot-com comparison00:33:00 Midterm election risk for markets and crypto00:38:00 Institutionalization, custody and Bitcoin's brand00:48:00 $40T of debt, the dollar and global bond yields Brent Donnelly on X: https://x.com/donnelly_brent Watch this episode on YouTube: https://www.youtube.com/watch?v=IpmXXSzeepc If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ Learn more about your ad choices. Visit megaphone.fm/adchoices