The UNTHINKABLE is About to Happen to Crypto Transcript, AI Summary & Key Points

00:00 Bitcoin is here to stay. That's what we feel. That's what we believe. >> Some incredible things are happening right now in crypto that most people still do not realize. The inflows are increasing. >> Even the big sovereign wealth funds, it's not are you in Bitcoin, it's how much are you allocated. >> Spot Bitcoin ETFs attracted nearly $1 billion on Monday, the ninth largest inflow ever.

00:23 And the amount of money that went into Bitcoin on one day, like right here, rivaled the amount of money that was coming into Bitcoin near all-time highs. Meaning inflows like here are exploding just like around here. CEO of Calamos Investments, who manages tens of billions of dollars, explains why Bitcoin is here to stay and more money will continue to flow in.

00:51 Also, more altcoins are starting to wake up. Here are the next ones. But let's watch this about 60-second clip, then I'll react. >> Bitcoin is here to stay. That's what we feel. That's what we believe. Um I think that just because uh the act didn't pass uh last week. Um I think the Clarity Act, I think the SEC the next day made some rulings uh where uh it's helped Bitcoin and we've seen it gone up in price instead of down.

01:19 I think the weak players are out of the market and I think, you know, we're gonna see a cycle in the next three months, even though it might take a little bit of a breather here really go up. You it trades in like four year cycles. Um, and in October should be the the low of the that four years where we start to see the rise again for the next four years.

01:40 So, >> I think that Bitcoin is uh definitely an allocation that most portfolios are starting to have. even the big sovereign wealth funds, it's not are you in Bitcoin, it's how much are you allocated? And if we had this conversation a year ago with the biggest banks in the world, JP Morgan, Morgan Stanley, and all that, they did not want to participate.

02:01 And now, um, they're in and they're participating. They're lending against it and everything else. So, it's here. It's here to stay. It's a long-term hold. >> What about the altcoins? Understanding this chart will truly make you a better trader investor. And as we understand this, make sure you use an exchange that allows you to have an edge over your peers when you're trading.

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03:24 Most altcoin holders are still sitting on losses. The median coin, meaning the average cryptocoin that has a lot of hodlers out there, has less than a quarter of its supply in profit. Global market tops tend to occur once the majority of supply across the entire market is deep in profit. That point is still a long way off. So, what did I just say? I said that global market tops tend to happen when the majority of altcoin holders are in profit, feeling good.

03:56 It's a little euphoric. We're not there yet. So, altcoin investors are still in the red. We see three lines right here. The black one, which is kind of hard to see, is the Bitcoin price. The orange line is BTC percent in profit. How many Bitcoin holders are in profit? And then the blue line represents the median of 500 coins. Also, this goes from January of 2021 to where we are today.

04:22 So, over 5ear span. We are not close to topping from the altcoin holders in profit today. Not saying there won't be pullbacks. There will be. There are always pullbacks in bull markets, but this is not a global market top based on the data. And you may be saying, Austin, while I understand why altcoins are not doing that well, clarity failed. Legislating crypto in the United States for the first time ever, that failed.

04:47 Bloomberg Intelligence's senior US policy analyst Nathan Dean explains that what the SEC and CFTC are doing right now by tokenizing everything, making the rules themselves of Congress couldn't, it's not as sticky as if they would have passed laws, the legislation, but what the SEC is doing is stickier, at least for 5 years, than most people realize.

05:14 Let's watch. Um, but essentially it's setting up the future for this crypto world. Now, the problem here is is that this is all just guidance rulemakings. A future Democrat can change this and alter it. That's why the Clarity Act was so important. But if you play out the game, look, a Democrat would have to win in 2028. A Democrat would have to name an SEC chair that would want to unwind these.

05:34 Democrat would then have to go through the rulemaking process. So, you get about four to five years of quote unquote clarity for the industry to essentially cement its status. That's what the crypto sector is saying now is look, we got four years to figure this out. Let's figure it out. Let's get in a way that makes it so difficult the Democrats can't unwind it if they want to.

05:53 Okay, >> so that's why there's a lot of optimism right now. >> And what are the altcoins with potential making news? Zcash gets first European ETP following US ETF launch. So what happened to Zcash in the US? Meaning they got an ETF and now the same thing's happening in Europe. 21 shares listed physically backed Zcash and EtherFi products on Euron next Paris and Amsterdam as issuers broaden their offerings beyond major cryptos.

06:21 Now, of course, these European markets are not as big as the United States market. So, we shouldn't expect as big of a pop, but this just shows on being opened up and demand faucets, new demand faucets coming into market. Big news for decentralized AI, specifically a subnet on Bit Tensor called Shootes. Shoots opens 6.12 billion AI requests for Harvard research to help build better AI.

06:52 So these are some of the smartest minds on Earth. Harvard choosing Bit Tensor. Harvard researchers analyzed 6.12 billion AI requests from shoots that's subnet 64 uncovering insights that can make AI faster cheaper and more efficient. So essentially Harvard released to the public a massive data set and that data came from shoots subnet 64 a decentralized AI inference platform built on Bit Tensor.

07:20 Shoots connects GPUs from independent providers all over the world into a shared computing network, allowing developers and businesses to run AI models without managing their own servers. Now, for those of you who want to check the full study out, it's titled a year in LLM serving with the team studying records of AI requests made through shoots between April 2025 and April 2026.

07:47 If you like Bit Tens or you like this big news for exchange partner Binance, Binance buys $100 million Circle stake in 5-year USDC promotion deal. So, as we know, Circle is the company behind one of the most prominent stable coins in the world, USDC. And now, Binance owns a little stake in it. Binance bought $100 million of Circle Shares as the companies signed a five-year deal that pays the crypto exchange Binance to promote the USDC stablecoin on its platform.

08:26 So, Binance gets ownership yet they also are required to talk about and and and push USDC to their hundreds of millions if not billions of clients. So, this is I mean customers. So while circle was already pretty prominent in the United States, I mean while USDC was already pretty prominent in the United States and also probably Europe, now they're going to reach Asia and also emerging markets through this partnership.

08:50 Win-win. And sleeping giant Cardano continues to make small but significant moves. Cardano joins Solana and XRP ledger in race to power AI agent payments. So, let me unpack what this means to you. Because Cardano has been added to the official X42 software kit, giving developers the code needed to let an app or AI agent pay for an online service using ADA or tokens issued by the network.

09:22 This is basically open-source software. This was championed and actually created by Coinbase X42 back in 2025 before contributing it to a Linux Foundationbacked organization whose members include Visa, Mastercard, Stripe, Google, Amazon Web Services. Ethereum was in, Solana was in, XRP was in, now Cardano's in, meaning developers that are building the products and also AI agents can choose which blockchain they think is best for them.

09:52 Now, what's next for Bitcoin? Is a correction coming? Can we can we is it possible to get even another leg up before maybe a a big time correction or price correction? Well, for anybody trading, actually, let's start on the day chart because while we can see on the day chart, the RSI is overbought, meaning the price on the day chart daily. Let's let's get off lock here.

10:18 We'll go to auto. The price on the daily chart is nearing very much overbought territory. On the weekly, we're still good. So weekly, price is at the exact same place. Uh but it's a much less compared to when we were overbought. For example, wow, when the Bitcoin ETF was approved, very overbought. When the 2024 having happened, incredibly overbought.

10:44 We needed about four six months of correction. And even when the president was elected, we were very overbought on the weekly. Didn't actually get that far overbought at the top of last cycle in 2025. And where we are today, still safe. I mean, obviously, we can correct from here and we can easily get more undervalued or overbought, but this bull cycle looks like to me still has a lot it still has additional legs up to go. Give me your thoughts down below. I will keep you updated. Like always, see you tomorrow.