Uploaded May 2026 | Updated September 2026, 1 week ago

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Bitcoin is 232 days from an all-time high, but it feels like everyone else is winning. I dig into the demand crisis, the AI liquidity drain, and why this hold will look easier in hindsight than it feels right now.



Episode Links




• 🇺🇸 Buy Sats on River (partner.river.com/jupiter) - The best way to stack in the US


• 🇨🇦 The Bitcoin Well (bitcoinwell.com/jupiter) - An amazing automatic self-custody Bitcoin platform


• ⚡ The Bitcoin Company (app.thebitcoincompany.com/signup?ref=JUPITER) - Spending your Bitcoin Via Lightning


• 🏦 Fold Card (use.foldapp.com/r/XNHPXTFC) - Pay bills Stack Sats


• 💵 SALT Lending (borrower.saltlending.com/register?referralCode=GkPQdbqWG) - Get access to your BTC Value w/out Selling




Show Notes




• Bitcoin (BTC) ETFs crushed by outflows as bond market stifles interest-rate reduction hopes (coindesk.com/daybook-us/2026/05/26/bitcoin-etfs-crushed-by-billions-in-outflows-as-treasuries-stifle-interest-rate-cut-hopes)


• Bitcoin demand gauge sinks to worst level since December as spot buying weakens (coindesk.com/markets/2026/05/26/bitcoin-demand-gauge-sinks-to-worst-level-since-december-as-rally-loses-spot-support)


• Strategy Buys Back $1.5B of Debt at Discount (cointelegraph.com/news/strategy-repurchases-15b-notes-cuts-outstanding-debt-67b-2029)


• Mined in America Act Would Put Bitcoin Network at Risk (therage.co/mined-in-america-act-bitcoin-at-risk/)


• Tethered to the Empire - by The Bitcoin Pharaoh (thepharaohbrief.substack.com/p/tethered-to-the-empire)


• Bitcoin options are coming to Nasdaq. Here's what it means for you (coindesk.com/markets/2026/05/25/bitcoin-options-are-coming-to-nadaq-here-s-what-it-means-for-you)


• HYPE funds attract millions as investors dump bitcoin and ether ETFs (coindesk.com/markets/2026/05/25/hype-funds-attract-millions-as-investors-dump-bitcoin-and-ether-etfs)


• Vitalik Biterin breaks silence about Ethereum Foundation amid community frustration (coindesk.com/web3/2026/05/25/buterin-says-ethereum-foundation-will-shrink-sell-less-eth-and-focus-on-crops)


• Bitcoin's bull catalyst could be AI stocks turning 'silly big': Lyn Alden (tradingview.com/news/cointelegraph:069ec54c6094b:0-bitcoin-s-bull-catalyst-could-be-ai-stocks-turning-silly-big-lyn-alden/)


• Lyn Alden Says AI Stock Peak Could Boost Bitcoin - Bitbo (bitbo.io/news/ai-stock-peak-bitcoin/)


• SpaceX files for $2T IPO, reveals AI and Anthropic deals · PulseAugur (pulseaugur.com/cluster/48404-americans-are-pushing-back-at-latest-political-villain-americans-are-souring-on)


• AI Boom Prices Out Bitcoin Miners in US Energy Market Shake-Up (thedefiant.io/news/research-and-opinion/ai-boom-prices-out-bitcoin-miners-in-us-energy-market-shake-up)


• AI is poaching Bitcoin miners — and this CEO says holders shouldn't … (finance.yahoo.com/markets/crypto/articles/ai-poaching-bitcoin-miners-ceo-204715963.html)


• New U.S. Bill Introduced To Codify Strategic Bitcoin Reserve (bitcoinmagazine.com/news/us-bill-codify-strategic-bitcoin-reserve)


• Congressman Nick Begich Leads Legislation to Establish Strategic … (begich.house.gov/media/press-releases/congressman-nick-begich-leads-legislation-establish-strategic-bitcoin-reserve)


• Iran's $7.7 billion crypto war chest raises alarm over … (msn.com/en-us/money/other/iran-s-7-7-billion-crypto-war-chest-raises-alarm-over-sanctions-evasion-scheme/vi-AA23FMx8)


• US targets Iran's $7.7 billion crypto network tied to regime … (foxbusiness.com/media/us-targets-irans-7-7-billion-crypto-network-tied-regime-operations)


• Mark Cuban Says He Sold Most of His Bitcoin After It Failed as a … (en.bloomingbit.io/feed/news/112609)


• Mark Cuban says he sold most of his Bitcoin, citing its failure as a … (coinness.com/en/news/1158019)


• Full text of "Financial Times , 1993, UK, English" - Internet Archive (archive.org/stream/FinancialTimes1993UKEnglish/Mar%2009%201993%2C%20Financial%20Times%2C%20%239%2C%20UK%20%28en%29_djvu.txt)


• ICYMI: Congressman Nick Begich Introduces The BITCOIN Act to … (begich.house.gov/media/press-releases/icymi-congressman-nick-begich-introduces-bitcoin-act-establish-strategic)


• H.R.2032 - 119th Congress (2025-2026): BITCOIN Act of 2025 (congress.gov/bill/119th-congress/house-bill/2032)


• Mark Cuban: Bitcoin is a 'store of value that is more religion' (https://www....