Bitcoin Just Got Hit By A New Macro Reality

About this episode

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, joins Scott Melker with Milk Road co-founder Kyle Reidhead and Academy Securities Head of Macro Strategy Peter Tchir on a Macro Monday where rising rate-hike odds after strong jobs data and fresh geopolitics hit crypto and risk assets. Scott and the panel unpack Bloomberg's take on Nvidia and AI data-center risk after the midterms, Nvidia's probe into CEO Jensen Huang's reported affair with an alleged Chinese spy, and why prediction markets price a roughly 77% chance of a December Fed hike even as Anna Wong argues the Fed holds. They debate whether Democrats can slow AI CapEx, commodity liquidation and crypto as a leading indicator, Trump's embrace of the industry after the election, tokenization and stablecoins versus dead meme coins, volatility at a record low versus gold, and whether the price near $75,000 held up better than expected through the Binance hack and tech selloff. In this episode:00:00 Bitcoin hit by a new macro reality04:34 Nvidia probe and Jensen Huang headlines09:18 Fed hike odds vs Anna Wong's hold call14:04 Post-election puke and buying beaten-down stocks17:10 Will Democrats slow AI data-center CapEx23:09 Gridlock, midterms and commodity rollover26:26 Does Trump re-embrace crypto after midterms30:28 Tokenization, stablecoins and dead meme coins33:43 Volatility at a record low vs gold48:22 Near $75K through the Binance hack Mike McGlone on X: https://x.com/mikemcglone11Kyle Reidhead on X: https://x.com/KyleReidheadMilk Road: https://milkroad.comPeter Tchir on X: https://x.com/TFMktsAcademy Securities: https://www.academysecurities.com Watch this episode on YouTube: https://www.youtube.com/watch?v=4g14stSOpjg 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