Whatever candidate wins we're in for Four more years of Reckless fiscal Policy the history is that Bitcoin Really hits a stride at that point so We're we're buyers here we think it Recovers bitcoin's price will fly when You least expect it in this video I'm Going to share with you what I'm buying Besides Bitcoin First Matthew seagull This is vanx head of digital asset Research he just revealed the real Reason why Bitcoin is down in the first Place and why bitcoin's price might be Making new all-time highs before the November election he says vanck is a Buyer here let the host set up the Question you know gold is doing well Bitcoin is not and listen to vanex Answer we've seen gold make new Incremental highs while the Dollar's Been making you know relative lows over The last few months but one thing that's Not participating in this move is Bitcoin right now so you know it's had a Series of lower highs a series of lower Lows how do you like explain that Disconnect between what Gold's doing Right now and the way that bitcoin's Been acting over the last couple months Yeah so a few factors are at play one is The unwind of various carry trades and Growth which has been struggling a Little bit and when you look at Bitcoin's correlation with the NASDAQ
It's at a two-year high it's well below The highs that we had in kind of late 2022 but it's a two-year High uh the Second reason is there are four sellers In the market the German government has Sold all of its Bitcoin $2 billion worth The US government is selling Silk Road Related coins there are two major Bankruptcies where creditors have just Been paid out that's Mount goau and Genesis so with all this for selling Behind us and this is a typical seasonal Pattern where Bitcoin tends to struggle In the kind of one to three months after The having which was in April and right Pre-election as the market comes to grip So with whatever candidate wins we're in For four more years of Reckless fiscal Policy uh the history is that Bitcoin Really hits stri at that point so we're We're buyers here we think it recovers By the way speaking of the election we Have crypto news from both the comma Campaign and the Trump campaign kamla Seems to be dipping her toes into the Water more towards crypto Trump seems to Be diving head first listen to these two Respective pieces of crypto news about Each presidential candidate as vice President kamla Harris gears up to take The stage tonight at the DNC and accept Her party's nomination for president and Aid for her campaign reportedly says That she supports policies to expand
Crypto Innovation according to Bloomberg Brian Nelson a senior policy adviser for The campaign said Harris will quote Support policies that ensure that Emerging Technologies and that sort of Industry can continue to grow now those Comments were reportedly made when he Was asked about her crypto stance during A Bloomberg round table at the Democratic National Convention there Have been Rumblings that vice president Harris would take a different stance on Crypto than President Biden Democratic Congressman Rana told us at Bitcoin 2024 In Nashville that he's in touch with the Campaign and hoping to shape their Thinking around the industry we reached Out to the campaign to confirm this Reporting and what specifically Harris Might do for the crypto industry but Haven't heard back yet now we should Mention that Trump has positioned Himself as increasingly crypto-friendly And just this morning the former President and Republican nominee Promoted a soon to launch crypto Platform called the defiant ones spelled With defi to be clear and actually the Trump D5 business has been something his Sons have been talking about for quite a While I I wonder what this is going to Be what we're talking about sort of a Larger type of platform um you know not Going to be
Uh sort of very different it's not like A not not like a it's not a meme coin That's not what we're going to be Talking about but you know we we got a Long time uh before we could do that I Think what we want to do is sort of take On uh a lot of the banking world I think There's been a lot of uh inequality uh In that uh only certain people can get Financing only certain people can do These sorts of things so you know this Notion of you know decentralized finan Is obviously sort of you know very Appealing uh to Guys Like Me who've been Debanked or haven't been able to get uh Insurance or what whatnot uh can't get Mortgages because you know they don't They don't check certain boxes but Others can so are you buying Bitcoin Right now I'm buying Bitcoin right now What else are you buying for me I'll Tell you something something I think Might be popping off soon this might be A buying opportunity I'm talking about Bitcoin miners Marathon Mara you know us Bitcoin miners see Bitcoin miners have Been underperforming recently for no Good reason but they're just about to Start powering AI in a big way most People don't realize this Bitcoin miners Will be powering AI gpus realize that This is going on behind the scenes right Now big Bitcoin miners like Marathon Digital and Riot platforms lagging far
Behind the underlying cryptocurrency Itself this year as you can see but a New report suggests these businesses Could be in in store for a huge boost Thanks to of all things what what else Do he say artificial intelligence so Here to explain is Matthew seal vanex Head of digital assets research this is An interesting development here because Usually we talk about underlyings and The miners and things and how these Things are supposed to be more High beta Bigger Returns what gives between that Relationship with Bitcoin the underlying Versus the miners yeah there's been a Huge Divergence year-to date bitcoin's Now up say 35% these Bitcoin miners are Essentially flat so typically they are The higher beta uh plays on bitcoin and In the latest downdraft they sold off Quite a bit and we think the Market's Missing a pretty strong underlying Fundamentals why why have they been Selling off just lack of Interest High Beta dat the unwind of the carry trade Like nothing specific that has to do With the Bitcoin miners that we can see And what we do see is that week after Week these companies keep announcing new Deals with AI companies hyperscalers We've seen at least four Bitcoin miners Announc close to billion dollar Revenue Deals to transfer their energy to power AI right so we know that gpus take about
Twice the power as CPUs and we know that It takes about four years right now to Connect to the Grid in many locations These miners have grid connections and With a little bit of capex in some of These locations they can repurpose these Facilities in less than one year the Time value of that money bringing that Capacity on three years earlier is huge And these are typically companies with I Have to say it bad balance sheets either Lots of debt and they all went bankrupt Last cycle or just continually issuing Equity at the market what these AI bids Are doing is lowering the cost of Capital and providing a more sustainable Financing stream for these companies so On our numbers if they were to repurpose Just 20% of their electrical capacity we Think the stocks can double with no Change in the Bitcoin mining profits so The numbers look very compelling so can You connect the dots for us right now Given everything you've said the AI Trade on this particular move is linked To the power usage and the conversion Val factor and how to actually make that Work I would argue if you look at a Stock like nextera energy on the Utility Side that has been a derivative AI play As well on this how do you connect those Dots simply simply about the AI trade Versus the Bitcoin miners the data Center companies are trading at north of
30 times $30 million per megawatt of Electrical capacity that they control $30 million the Bitcoin miners are Trading at $3 million right so now it's Not a complete one forone transition They need to find customers they need to Buy the gpus or have someone else buy The gpus and install them but there is An enormous Arbitrage and the companies That have been most aggressive on this Year-to dat core scientific Tera wolf Iris energy those are the stocks that Have outperformed we just had another One after the bell at 4 P p.m today uh Btbt $700 million AI deal our hunch is That as more of these Bitcoin miners Make these announcements those will be The stocks that outperform because it Brings their cost to Capital down and Then speaking about what's happening Behind the scenes do you realize how Much interest we're seeing in these ETFs Both Bitcoin and ethereum despite the Down Market these ETFs are game changers Vance Spencer the co-founder of Framework Ventures breaks it down here And you mentioned those spot Bitcoin and Ether ETFs that were recently approved And launched just this calendar year and That impacts your business you have what $1.5 billion dollar worth of spot crypto Exposure talk to me more about how those ETF flows have rippled into your company I mean it is remarkable for both eth and
Bitcoin that they've become so large Without access to any institutional Capital that's literally the reverse of What usually happens and you know Bitcoin's a trillion eth is a you know 300 billion that's all retail and so What has happened now is the spigot for Traditional Finance inflows has opened What's happened the Bitcoin ETF has been One of the best ETF launches of all time It's got about half the AUM of the gold ETF the eth ETF has followed hot on its Heels and it's getting on some days this Week more flows than the Bitcoin ETF and So the market is bifurcated into Ethan Bitcoin they're getting all the trafy And flows and then the rest of the Market are competing for these retail Inflows that are still in crypto and Those are huge flows it just gives you An idea of both how large the Trad fine Flows are but also how big the crypto And dodgess Market is and it's a global Market it's accessible by far more People than have access to the stock Market and that's just a bullish Tailwind for the whole industry I'd be Remiss not to ask you before you leave About all-time highs price moves are you Seeing Bitcoin perhaps surpassing that High that we saw it reach above 73,000 In March or or where do you see prices Heading for the the two top cryptocoin Before the end of the year oh before the
End of the year it's it's hard to know But you know Bitcoin is worth 5% of what Gold is worth and it's more popular with Young people it's more popular with People overseas and the ETF has half the AUM with gold ETF and so like should it Be worth 5% probably not it probably Should be worth 20 or 30% but that's Still multiples from here and I think Ethan Bitcoin are just assets that Appeal to people who are emerging Investors in the stock market and it's Going to look a lot different than what You know the older Generations the Boomers you know want to invest in and That's going to be a trend that lasts For decades I think more and more people Are going to have a 50-50 Bitcoin Underneath allocation going forward look Guys the market is not that exciting Right now but this is exactly the time You want to double down on your Education take out any positions you've Been wanting to take out if you believe That the future of the space is going up If it's going in that direction Why wouldn't you take this as a buying Opportunity that's what I'm doing of Course not Financial advice you do you My name is Aaron altcoin daily subscribe To the channel like the video see you Tomorrow my friend
