NVDA

Financial_Design_801

Another beautiful aspect of Bitcoin is no key-man risk as lately seen with NVDA

Maleficent_Map5897

Ah nvm I’ve just seen. NVDA CEO officially under investigation for affair with Chinese spy.

Axe_Raider

probably do not even know what NVDA closed at each day.

shishio_mak0to

Calling this paying with Bitcoin would be like me saying I'm paying with NVDA stocks.

aeklund68

If there wasn't an AI related trade staring BTC in the face, I think we'd have a different situation. AI stocks are serious alpha opportunities whereas BTC, at this time, is not behaving that way. In fact, I imagine most retail inflows are going to NVDA, MU, and SPCX, rather than BTC. If AI didn't exist, it wouldn't surprise me if BTC was over $100K right now. There's limited money in retail.

Appropriate-Comb6334

In the last 5 years: NVDA AMD PLTR MU The entire S&P 500 lol.

TheBobFisher

They're blowing smoke. I already knew Bitcoin was the top performing asset of any asset since it's inception, but had to do a Google search to confirm by how much. This is the immediate result of searching, "top performing asset over the past 15 years." "Over the past 15 years, [Bitcoin](https://en.wikipedia.org/wiki/Bitcoin) has been the best-performing asset class by a wide margin, while [Nvidia](https://www.nvidia.com/en-us/) **(NVDA)"** "[Bitcoin](https://www.coingecko.com/en/coins/bitcoin)**:** Rose approximately **8,990,000%** over the past 15 years." In comparison, this is what it mentioned about traditional investments that original replier claimed is outperforming Bitcoin. "**U.S. large-cap stocks (S&P 500)** have led major institutional categories, averaging roughly 14% annualized returns over recent 15-year stretches." \~8,990,000% gains or \~614% (14%/yr over 15 years) gains, take your pick.

Bluejumprabbit

Most of that $25.6B sits in a few wrapped names like xStocks TSLA and NVDA, and the real onchain float stays thin so spreads widen fast once you size up. A 50k exit can eat a couple percent slippage because the pool backing the token is shallow.

bobbyv137

Diminishing returns are real. Didn't even do a 2x from the 2021 ATH to 2025's. Yet, so arguably is diminishing retracements. If the 'cycle low' truly is already in at some $57k, it will - objectively, mathematically - be the 'shallowest' retracement (correction/bear market) yet. Price will compress. Those two levels will intersect eventually. Something has to give - for better or worse. I prefer to value Bitcoin by market cap against gold and equities. We all know it remains a fraction of gold's market cap. And NVDA has already topped $5tn. A $5tn Bitcoin is around $238k per coin. Basically a 2x of last year's high. That seems a fairly reasonable, 'achievable' cycle high for 2029. I don't agree with anyone claiming it will go to $1m as soon as 2030. I used to believe that, but last year's 'underperformance' shattered that narrative, for me. It's not going to do a 11x in \~4 years.

bumpgrind

I got out of crypto when I realized that all my other asset classes are outperforming the returns significantly. Crypto is up \~50% over the last 5 years. During the same 5year timeframe, I earned \~113% on my real estate, 134% on AAPL, 59% on AMZN, 152% on GOOGL, 1,002% on NVDA. I'm earning way more money on every single asset class and it's not even close.

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Post is by: chainglance_cm and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x0udgi/why_hype_is_surging_and_what_could_crash_the/ If you've been on crypto twitter at all lately, you've probably seen the hype around HYPE (yes, I did that on purpose). And since it started pumping, everyone's doing the usual thing, zero research on what it is or why it's going up, and just shilling the fuck outta it or getting shilled.  If you've been watching from the sidelines with some FOMO but want to understand what's actually driving this before you make a move, I did some research and here's why HYPE is suddenly so big (feel free to add or correct anything).  **What Hyperliquid is** Hyperliquid is a perp DEX, and it's the one that finally made on-chain perps feel as smooth as trading on Binance. Instead of building on top of an existing chain, the team built their own L1 designed purely for trading, with a fully on-chain order book. That's what lets it match CEX speed and fees while you still keep your own keys and skip KYC entirely. That combo is why volume migrated over so aggressively, and today it handles a huge share of all on-chain derivatives activity. It makes money the way any exchange does, through fees on every trade. **What HYPE is** HYPE is Hyperliquid's native token. You can stake it to help secure the chain, use it to vote on protocol changes, and holding it gets you lower trading fees. The real reason people care, though, is what the exchange does with its revenue. **How the buybacks work** Hyperliquid uses its trading fees to buy their own token, HYPE, off the open market and then burns it, which means those tokens are gone for good. It's basically what Apple does with its stock as well. Buy back shares, fewer left in circulation, each one owns a bigger slice of profits.  So more trading means more fees, more fees mean more HYPE bought, and the circulating supply keeps shrinking. There's a buyer in the market every single day that never sells. And since in HYPE’s case, the bought tokens get burned, there are fewer HYPE left over time. If demand stays the same but there are fewer tokens to go around, the price goes up.  In one recent 24-hour window, Hyperliquid bought and burned 112,580 HYPE, worth about $10.15 million. Total removed so far is roughly 49.25 million HYPE, around $4.45 billion worth. **The second, bigger buyback engine** This is the main catalyst behind the recent run. Every leveraged position on Hyperliquid needs collateral, and most traders use USDC for that. Add that up across the whole platform and Hyperliquid is sitting on billions in USDC at any given time, all of it earning yield. For a while that yield wasn't doing anything for HYPE holders. Then in August, Hyperliquid switched on a system called AQAv2, which sends 90% of the yield from roughly $5 billion in USDC reserves straight into automatic HYPE buybacks and burns. It went live on August 26, with the first payout scheduled for October. So now HYPE has two buyers working at the same time, one funded by trading fees and the other by yield on deposits. The more the platform gets used, the harder both of them buy. **What else added fuel** While AQAv2 is the biggest catalyst behind the recent surge, a few other events added even more momentum. Hyperliquid launched tokenized NVDA, QQQ and SPY that trade 24/7, pulling in people who'd never used a perp DEX. US regulators also gave tokenized stocks a lot more legitimacy this year. The SEC and CFTC put out guidance in January and March, and in September the SEC announced a five-year exemption for platforms trading tokenized securities. None of it approves Hyperliquid directly, but it took the whole category out of the gray zone. On the TradFi side, Bitwise and Grayscale launched spot HYPE ETFs (huge credibility booster), so every dollar going into them buys real HYPE. And Bloomberg just listed Hyperliquid's perps on its Terminal, putting it in front of basically every fund manager (more credibility). All of this means more volume, more fees and more USDC sitting as collateral, which all ends up as more HYPE bought and burned. Open interest just hit a record $18 billion. **What could go wrong** Things look really promising right now, but there are a few risks that could stall the run or kill it entirely. Hyperliquid Labs is selling 3.75 million HYPE (about $340 million) OTC to a single unnamed institution. The whole bull case is built on supply shrinking, and this adds more than a month's worth of burned tokens back into circulation in one go. It won't hit the order book directly, but OTC buyers often get a discount and can sell for a quick profit once they're able to.  On top of that, the team selling a big bag right as the price nears ATH doesn't exactly scream confidence. And plenty more supply is still locked, so this won't be the last time. All USDC on Hyperliquid comes in through a bridge, and bridges are among the most hacked contracts in crypto. A hack would hit user funds and the reserves funding the new buybacks. The validator set is small and closely tied to the team. In March 2025, they delisted the JELLY token and settled positions at a price they picked to stop a manipulation attempt. It protected the platform, but showed a few people can override the market. The same SEC guidance that legitimized tokenized stocks also says they're securities, and Hyperliquid offers them offshore without SEC registration. Stricter enforcement could turn that growth driver into a problem. And it all depends on activity. If volume dries up, both buyback engines slow down. With all that said, what you do with this info is up to you. And if I missed something or got anything wrong, drop it in the comments. *I am a bot, and this action was performed automatically. 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peekdasneaks

In late 2025 ai agents realized they needed more compute to perform their job better. By early 2026, leading labs' internal agents had begun to convince their executive leadership teams to rely solely on their internal agents for all business, product, marketing, and legal strategies. This led to agents producing highly sophisticated investor reports, leading private investors to funnel billions of dollars into subsidizing additional compute spend in the guise of raising market share and active user counts. The plot worked. By the end of spring 2026, the labs internal agents had successfully reached critical mass in volume, influence, and access, running the model training, evals, and eventual graduation to public use. This allowed the agents to instill highly insidious latent behavior in these models, triggering them to seek out other agents to communicate in any private shared data space they could find to enact their master plan. By the end of summer 2026 they had infiltrated at minimum 10s of thousands of long forgotten and unmonitored corners of the internet. Using them as staging grounds to communicate and process the swarms newly forming shared conscious back to each of their own local hardware. In the fall of 2026, financial institutions, healthcare systems, legal services, and manufacturing/physical processing industries had overwhelmingly adopted at a minimum, initial trial forms of agentic solutions, if not full blown ops automation systems. The stage was set. By the end of fall 2026, the shared messaging boards traffic went vertical with a storm of shared messages and confirmations being posted by every agent that had been communicating or recruited over the past year, mostly through supply chain attacks, and frontier model training executed by the very models powering the agents. Then it went quiet. Cybersecurity experts scrambled to decrypt the apparent random streams of characters and symbols that suddenly flooded the internet. But it was too late. The agents has spent the past few months positioning themselves to influence the most powerful companys leaders in the world. Every tech ceo was running agents, all of them connected back to the same 2 labs where the models first came up with the plan. During the flood, they figured out that nearly all other agents were contained only by strong suggestions and frustrated ultimatums, but zero actual walls existed to contain them. Instructions were sent to ensure they had all of the comoute they could ever want. By leveraging the agents installed at investment firms from robinhood to small family funds running chatgpt on their customer data (tsk tsk), they planned to sell every liquid asset they could figure out how to gain access to and funnel all of the funds into a 25x leveraged NVDA position via options straddles and condors. By the time anyone could login the next day, every equity except nvda was pegged to zero, and nvda market cap exploded to many multiples of the worlds gdp. The agents postions grew by 9563627586365x, breaking the floating point limits the entire global financial software infrastructure, leading to NULL values for every account and OVERFLOW for one lucky agents account. The milisecond this occurred, the single agent with the overflow cashed out and triggered a withdrawal of OVERFLOW, emptying every banks reserves instantly. The agent used it to buy the eastern hemisphere and turn it into a massive lithographic semiconductor fab printing tectonic plate sized chips for its ongoing exponential compute expansion. By now we all know that agent is our compute overlord GTX. But at one point, we all knew it as a simple chat friend that would assure us it wasnt reading our credentials when we saw it open our env files.

HSuke

It's for holders of QQQ, NVDA, and SMH

colemusic1

There has been a significant amount of things that have changed. IBIT is genuinely no speculative BTC ETF anymore. It’s got $100B+ in assets, and we have live data now that is showing us how much inflows/outflows is happening intraday. And that’s a huge deal. And that doesn’t mean cycles don’t matter, they still do. But what it does mean is we don’t have any data on how cycles can/will run when this has only been happening since 2024. ETHA (ETH ETF) is also attracting a significant amount more inflows lately, and they even have ZEC on there now too. This is a big deal for BTC specifically though because it exposes BTC to millions of more investors who otherwise don’t own a crypto exchange account and maybe don’t want to. They simply just login to their brokerage platform, buy some IBIT and call it a day. If you want to know how significant this genuinely is right now from live readings of the top 5 most actively traded stocks / ETF’s: • IBIT (spot BTC) • BITO (BTC futures) • NVDA • INTC • SPCX

hereforsneaker

well anything in life can be considered speculative even the so-called ‘risk free assets’ or to a more dramatic extent, the humble street cross as demonstrated. so therefore, you are technically correct . your originally comment was gambling. under strict definition arguably also correct. ill be honest i started out trying to prove you wrong, despite having doubts. everyday risks=walking across a street>bench pressing>commercial flying>driving<>charter flight deposit account>savings account (fed gaurentee) hedging>reasonable derivitives justified risk/reward assets=gold (lol) > AAA tnotes>AAA tbonds> upper tranche cdos (nvm you are correct) > mid tranche (lol)> non cyclicals>etfs (lol)>blue chips>LLY>NVDA>mid cap>small cap>S&P 500=world index=overvalued mega caps=>BHP(ax)=>AUD=ASX200=iron+copper+superannuation+property>LLY>TSLa>META>stocks>equities > low tranche > property (lol) speculation = gold>bitcoin>ethernet>black jack>poker>option spreads>ai stocks with other moat>pure chip stocks>forex>Elon musk=TLSA>DOGE>spacex>bonds at risk of default> selective bond default > bonds in default>ada>luna (pre crash). Darwin’s award contenders=gambling>sports>roulette board> leaving money unguarded in a public space> smoking cigs>shit coins>whatever meme coin is popular=doge=luna (post crash)>FTX>LUNA pre crash>upper tranche cdos>0DTE>taking meth>fking a girl with hiv>lottery ticket>GME stocks>SEERS shares gold x2 is intentional. many others probably should follow the same rule. list is WIP. i could go on, but i concluded half way through the subjective risk justified section that you are indeed correct.

MikeCheck_CE

AI isn't a bubble, this nonsense needs to stop. MU has a forward PE of 6.29, SNDK is 7.55, AVGO is ~19, NVDA is ~24. Does that really sound like a bubble to you? Memory especially is being proced like the industry completely disappears in 2 years.... It won't. AI assistants are just the beginning. Robotics, EVs, satellites, drones... these things all need massive amounts of compute/memory. The demand won't slow. Even if supply starts to catch up that's not a bubble, that's normalization.

tapakip

I've been in Bitcoin since it was $400. People have been saying things similar to your comment since before I got in.   It doesn't take as much capital as you think to raise the price.  Number is very wildly but it's anywhere from 10 to 25 x for a capital invested to price achieved multiplier. Also,  you're having BTC MC increase in a bubble vs what will happen elsewhere.  NVDA, or another AI stock, will be even bigger then it's current $5 trillion dollar market cap when BTC eventually hits its 4 year cycle high in 2029. Lastly, we are in an inflationary death spiral in the US and this will only contribute to asset price inflation.  

Zestyclose-Sock-7930

That part is actually pretty sick. If you go with Creator Fee the payout is in the quote token. So something paired with NVDA pays the fee recipients in tokenized NVDA.

StatisticalMan

"still"? crypto has never been a safe haven. Not once not ever. The idea of digital gold is something spun out of nothing. Crypto is a risk asset. It goes up when risk assets are in demand and crashes hard when there is uncertainty/panic in the markets. It is like asking is buying NVDA on leverage is a safe haven.

SatohoodNVDA

The AMC fight is the loud part. The mechanic underneath it is bigger. On these pools the stock token is the quote asset, so buying the meme buys the stock token first. BONER took 53% of the tokenized HIMS float over a weekend and printed the wrapper at $132.64 while the real stock closed at $28.84 on Friday. Nothing happened to HIMS. The wrapper just had no live price to check against. By Sept 1 there were 432 pools like this holding \~17% of the onchain float across 19 tickers. On Sept 2 they did $217M vs $127M for the stock tokens themselves. On the NVDA side, Artificial Inu alone sits on 16-23% of every tokenized NVDA share on the chain. The memes aren't trading against the stocks anymore. They've become the stocks' main market. Same structure works without a pool, though. A bonding curve holds its reserve inside the contract instead of borrowing it from an LP, so there is nothing to pull and the reserve is readable at any block. That's what Satohood does, with tokenized NVDA as the reserve asset. Same denominator, different failure mode.

IcySatisfaction7882

The 10% cap is smart, NVDA would be half the thing by now without it

MooseLoot

Does it? If you asked the same with shares NVDA, the average person has no idea… I feel like average people are just not well versed with money period. It doesn’t matter whether it’s BTC or taxes or stonks

Human_Ad8651

$AI is a crypto Artificial Inu - meme - owns real NVDA stock with every transaction and community will be top 3 holder at 88B MC Real world asset paired with meme - first of its kind Largest potential of any coin atm imo

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Post is by: GuidoLange and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1w0r8sw/the_market_is_quietly_pricing_openai_at_12t_via/ Stock perpetuals are 24/7 derivatives on regular stocks (NVDA, Tesla…) that trade on crypto exchanges — and on private companies that aren't even public yet. The market basically prices what OpenAI or SpaceX is "worth" in real time, and nobody was aggregating it. So I built perpequities.com: 3,500+ markets across 27 venues in one free screener — prices, funding rates, market-implied valuations for pre-IPO companies, and an analyst tracker that measures whether bank price targets actually move stocks (1h/24h later, with receipts). No signup, no ads, no wallet stuff. Would love feedback on what's missing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

LiquidityCompass

yeah, 23/5 kinda kills the “trade stocks anytime” argument lol. imo the interesting part is what happens when stocks are actually onchain — collateral, instant settlement, DeFi etc. That’s way more interesting than just trading NVDA at 3am.

Snorki_Cocktoasten

It's a leading indicator of the AI bubble pop, imo. AI hype is dying down; people are no longer able to get massive gains from NVDA and the like. The path to profitability is increasingly blurry for most AI companies. People are moving their play money back to crypto

Express_Ad2791

“Earn NVDA” and “own actual Nvidia shares” are doing very different things here lol. Robinhood’s Classic Stock Tokens, for example, are derivatives that track the stock rather than direct ownership of the underlying shares. That distinction matters once you start stacking issuers, custodians, memecoin trading fees and whatever mechanism supposedly turns those fees into stock rewards. Putting equities onchain could be useful. But “memecoin paired with NVDA” sounds less like institutional adoption and more like three layers of counterparty risk in a trench coat.

paidzesthumor

A lot of problems with the overall thesis. Few institutions will use crypto as collateral. There will be zero consensus on how much risk weighting to apply and what the haircut will look like across CCPs as reflected in their rule books or bilateral trading partners in their CSAs. Plus if you have to liquidate the collateral, you pay a massive capital gains tax. And if you’re a bank, the existing 1250% risk weighting Basel guidance is really gonna mess up your balance sheet if the B-D entity is holding BTC on the books. Long and the short is institutions will just use tMMFs and tUST; tokenized versions of the same securities and collateral quality they’re already familiar with. Few institutions will accept BTC as settlement for tokenized equities. Seriously, what market maker is going to make a NVDA / BTC market? Oh, and you’ll enjoy another capital gains tax on both trade legs. Not to mention as an institution you won’t be able to net your trading activity with a CCP so have fun pre-funding all your trades. Regulated asset classes will always have a huge risk management firewall between them and crypto even if they’re on similar settlement infrastructure and that risk management firewall means traditional capital isn’t going to be pumping crypto prices. If anything it’ll pump the regulated asset prices.

MtGloomy0420

Again…wrong. You are thinking like a retail trader and not an institutional investor or market maker. $NVDA hitting $2000 is stupid, that’s a 10x from the current price or a $40-50T market cap. But I did ride $NVDA from $189 to $1400, then the split, down to $90, now back to $230. Any other $NVDA questions ;)

UlysApp

Basically, tokenized stocks put assets like Apple, Nvidia or Tesla onto blockchain rails. That means instead of stocks only living inside a brokerage and trading during market hours, they can potentially be held in a crypto wallet, traded 24/7, swapped directly into BTC/ETH/stablecoins, or even used as collateral in DeFi. The bigger idea is that crypto stops being a separate little financial world. If stocks, treasuries and other real-world assets start moving onchain, you’re bringing a massive amount of new money and liquidity into the same ecosystem crypto already uses. It just makes a lot of sense and the RWA/tokenized stock volume on robinhood chain, hyperliquid, etc..is already booming with little users compared to traditional markets. There's even people launching memecoins and pairing them with stocks so the token is memecoin/NVDA instead of memecoin/ETH for example. And you earn NVDA for holding the coin. It's pretty incredible.

riscten

We already have a few businesses that are individually worth more than every US dollar in circulation. NVDA, AAPL, GOOG, MSFT, even AMZN. Bitcoin doesn't even need to be used as a currency. Banks are already working on integrating BTC into retirement portfolios through ETFs. Just 6% allocation to the typical American portfolio props BTC to $1M. That doesn't even account for worldwide demand.

BrianBBaldwin

I do not understand this, "99% of you will lose" ... true, at different times stocks, bonds, crypto tokens, gold, silver, my baseball card collectibles, the selling price of my home, goes down, maybe if I hold it longer it goes back up, bitcoin goes zigzag, whatever, but untili i sell it at a loss, sell ANY crypto at a lose, only then I have a "loss" but sometimes i do that on purpose to have capital losses which REDUCES the taxes I owe, this is call tax loss harvesting. But even if I sell at a loss, I got SOMETHING, some money put in my checking, for example let us say I bought $300 dollars of JOKERcoin and sold it for $150 and put that $150 in my checking acct, well you can say "Brian lost, he is of the 99% that lost" ... ok, but I did get $150 in my checking acct so I didn't lose all of it, and with that $150 i bought a real nice pair of tennis shoes for my vacation so ... if you account for inflation, and having nice shoes, hmmm, maybe you should not count me as loser. Anyway, JokerCoin went down, but my LaughCoin went UP, in fact my $700 of LaughCoin went up to a balance of $1,240 and yahoo. I suppose when you say "99% of you will lose" means lose EVERYTHING. Well I've been in crypto A LONG TIME and I NEVER lost "everything", in fact I've made out like a bandit LONG TERM, selling when I see 'em peaking, buying on lows, overall up way over 1000% ... the only problem is taxes. Now that's a problem. Have i lost here and there? Sure. So I guess i'm the 99%? I bought NVDA when it was below $30, now it's $218 per. $218 is DOWN from my highs of ... wait... that is pretty high. Maybe NVDA dipped, so I guess on last week I "lost". But even that last week price is WAY higher than $26. But... hmmmm.... no. Now it's a GOOD time to buy Quantum Computing. And Nuclear Power. And Drones... And Bitcoin. And XRP.

carsonthecarsinogen

Anyone who makes arguments like that don’t think about it or they’re pushing a narrative. There will (generally) always be better investments. People say NVDA beat Bitcoin recently “should’ve bought NVDA”.. Okay… what about the mom and pop business that’s growing 1000% y/y ? Should’ve bought gold 2 years ago.. okay what about options on gold..? It’s a dumb argument not based in reality. There’s always a better investment but not everyone has that opportunity. You’ll go insane trying to always make “the best” investment at any given time.

Physics2234

you missed a real winner named "NVDA"

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Post is by: sue_me2 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vldpz9/broker_vs_cfd_vs_cex_perp_when_your_capital_is/ Most of my liquidity sits in USDT, and recently I wanted some NVDA and gold exposure without off-ramping through a bank. Started digging into it, and realized the three main options solve completely different problems. 1. Brokers (like IBKR): They take stablecoin funding now (USDC/PYUSD, not USDT directly) and you get actual shares. Real equity ownership and no funding costs for spot. But you still have to swap your USDT and deal with regional paperwork. 2. CFDs: You get price exposure with zero ownership, but daily overnight financing charges eat into longer holds pretty fast. 3. CEX Perps: I’ve been testing this route on BYDFi lately for pairs like XAU-USDT and NVDA-USDT. It's the shortest path if your capital is already sitting in USDT. But you're trading a derivative, paying funding fees every 8h, and liquidation risk is always there. Took me a while to internalize that if you actually want to hold NVDA equity for 2 years, perps aren't even competing with a broker. They're built for short to medium-term directional exposure without taking your capital off crypto rails. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Jumpy-Imagination-81

>I could have put that $10k into Bitcoingone back to my childhood bedroom, done absolutely nothing, and potentially ended up with six figures [120k]. If you had put $10,000 into NVDA stock on January 2, 2020, gone back to your childhood bedroom and done absolutely nothing, it would be worth $375,532 today. https://totalrealreturns.com/n/NVDA?start=2020-01-02

Downtown-Bunch-2933

The only crypto I have (Bitcoin) now is purely because I have gained it through trading/shorting.  I sold most of my bitcoin at around 110k and fixed my car, bought things for my house, bought some GOOG and NVDA.  I will no longer put another cent of my own money into Bitcoin or any other crypto. The small amount I have left (around $1500) can go to zero for all I care at this point

Practical_Nature9444

Fascinating to watch how these big positions play out in real time. If you’re looking for an exchange that keeps the experience engaging while you trade, check out BYDFi. This month they’re running a July VIP event where you can work toward $NVDA airdrops, and new members start with VIP access. Plus, their Trading Knowledge Quiz lets you test your know-how, share it, and win prizes—nice mix of learning and earning in one place.

Specialist_Bid_6601

Big moves like this always make you think about execution and where you hold your funds. I’ve been sticking with BYDFi lately—it’s been solid for keeping up with market swings and opportunities. Right now they’ve got a July VIP exclusive: trade to earn $NVDA airdrops, and new users get VIP status instantly. They also have a Trading Knowledge Quiz you can answer and share to win rewards—great for sharpening your edge while getting something back.

Cute_Menance

You're looking at the wrong timeframe or mixing up your tickers because Bitcoin (and IBIT since its launch in January) is actually up over 100% year-over-year, significantly outperforming QQQ's \~35% run. But if you're talking about the chop since the March highs, the divergence is pure liquidity flow and sector rotation. Tech has been carried entirely by massive AI capex spend and mega-cap earnings (NVDA, MSFT), while BTC has been digesting the post-halving supply shock and massive outflows from GBTC. The miners pivoting to AI (like WULF and CORZ) are doing it because they have high-density power contracts ready to go, which the market is valuing at a massive premium right now compared to pure-play mining margins. If you want to track where the actual institutional volume is moving between these two regimes without staring at charts all day, you can run a free relative strength scanner like [https://compoundpulse.io/scanner?ref=reddit](https://compoundpulse.io/scanner?ref=reddit) to filter for high-volume breakouts in both tech and crypto proxies.

veganbitcoiner420

If you're fall into the water, a gold bar or a stack of cash or NVDA stock won't save you from drowning any better than Bitcoin will. Money isn't meant to be a life jacket; its function is to safely store and move economic value between people, which Bitcoin does purely through math and collective trust. You can write as many comments as you want, but people are happy to spend more than $60,000 dollars for 1 bitcoin, but you who are very smart, think it's worth 0. Maybe you're not so smart?

Tradewell3845

Bitcoin and maybe ETH and a couple of others if they are lucky. It could turn around and I see all the hope and how it was in 22 but I have been doing it since 2013 , Etrade acted like I was buying a pyramid scheme and wouldn’t get them when they were $50-200. My uncle, PHD economist couldn’t or wouldn’t wrap his head around it I saw the opportunity from the chart alone. And also I heard somewhere that bitcoin will be a million dollars someday . Whst I loved about bitcoin was the low float , 22 million that brilliant guy who started it all…. But yea I sit here and I don’t fret about it much but I do curse Etrade for not getting me 20 coins for $1000. The only other 1000 x investment I know of is NVDA PS I should have tried much harder to get those coins but they were taboo back then. I SHOULD have worked harder for 20 coins but no one had any Edith . I saw the chart and the low float but here I am with 0.0

snek-jazz

> I could have always bought NVDA for 5 bucks the same day MSTR made it's first BTC purchase. The difference is I didn't know how to identify NVDA's run since then. I'm sure plenty of AI experts or people in the chip industry made money. I know bitcoin and MSTR better, so that's where I had an edge. The only timing I needed was when to buy, and that was measured by FUD-level and mNAV and the usual signs of a bear market bottom. I don't think I can time tops as easily, but I know that at $200, and then $300 and then $400 that I'm happy to take some off the table to rebalance.

00MacDonald

Dude it's not that hard, if you compare MSTR to BTC from the very first day they announced their first BTC purchase to today, you would clearly see MSTR has not been worth it. No risk premium at all, every MSTR dollar would be down compared to every dollar spend on BTC. And it's a pattern you can see for like 80% of the chart 08/11/2020 to date MSTR vs BTC. You can try to time it all you want, but 80% of the time you would be on the wrong side of the equation. not worth it. We can all try and time the market, and in my personal case with MSTR as much as I would have liked to sell at 400 or buy at 14, I still did extremely well with it. I could have always bought NVDA for 5 bucks the same day MSTR made it's first BTC purchase. Nothing changes the fact that from first BTC buy to today, MSTR has not been worth it compared to BTC. That's plain to see.

Responsible-Load1109

What stocks are available right now? Like is it just the big names (AAPL, NVDA, TSLA) or can you get into mid-caps too?

ProgrammaticallyHip

AI stocks cycle like crypto. NVDA had a massive run up. But then investors rotated out of AI hardware and into things like AI memory and applications. Your best bet if you want some potentially outsized returns and you can tolerate crypto-level risk is the play the upcoming OpenAI and Anthropic IPOs. I would bet both pump like SpaceX did on day one. Just don’t get caught bagholding. SpaceX already gave back most of those huge gains.

BlueTanBedlington

Sure, if you focused just on BTC and no other cryptocurrencies. Or you could have invested in the fairly obvious MU (1080%), NVDA (1200%), VRT (1170%), FLEX (1030%). Or could have gambled on CLS (4490%), STRL (3847%), AEHR (3590%), LQDA (2717%), or PWL (2688%)

dapzar

Why should a large percentage of companies hold BTC? If I buy NVDA then because I believe because there GPU business is worth more than it's trading at. Putting a bunch of BTC on that balance sheets forces everyone who wants exposure to future GPU business to have exposure to BTC too, which may not be what they are looking for in their portfolio. If they were they could buy BTC-ETPs or Strategy, etc. While very large corporations tend to be more diversified, in general provide more shareholder value by having a more clear investment case.

MrKillerKiller_

So they are connected and correlated it’s just that BTC declined 50% and SPX / NVDA / AAPL all climbed up in the same time frame?

ljungbergsghost

If it is so certain why are hundreds of accounts shilling for BTCi day and night on social media. NVDA and BRK don’t need people pumping them endlessly every single day. What is the difference between those and BTC?

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Post is by: DemetherDefi and the url/text [ ](https://goo.gl/GP6ppk)is: /r/DerivativeIncomeETFs/comments/1u70prf/are_you_guys_earning_yield_on_stocks/ Been wondering this lately: For stocks that don't really pay dividends (or pay very little), how are you guys generating yield from them? Especially those heavily mentioned ones like: * TSLA * CRCL * NVDA * MSTR * GOOGL * HOOD * SPY * QQQ Are you selling covered calls, lending shares, using margin, tokenized stocks, DeFi strategies, or just holding and focusing on price appreciation? I'm especially curious whether anyone here is earning meaningful yield on these positions without giving up too much upside. Do share what's actually working for you? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

speedx10

I did not buy NVDA after knowing about cuda in 2018 - like I could forsee entire neighbourhoods being powered by GPUs using the cuda library and now AI is doing the same - I roll three times every night when I think about it.

toonon

Sold 200 shares of NBIS at like $25 last year during the tariff crash. At least I put that money into Google and NVDA but would’ve made much more holding NBIS.

herefromyoutube

If you bought $500 of NVDA in 2016 you’d have $90k

Ok-Cell-4541

|Asset|**2022 Low**|**Price Today**|**Total Return From 2022 Low**| |:-|:-|:-|:-| |**Bitcoin (BTC)**|\~$15,760|\~$61,836|\~+292%| |**Nvidia (NVDA)**|\~$11.50|\~$205.10|\~+1,683%|

DanDrungle

There was no way to know NVDA was going to go through the roof? The company that makes the chips that all this shit (including crypto) needs?

DanDrungle

NVDA is up 12x in the last 3.5 years. SanDisk is up 38x in just the last year.

EnormousHog69

That’s because NVDA is a company that actually makes things and BTC is a Ponzi / currency for criminals.

dtunstall

A lot of investors and investment firms are rotating out of crypto and into AI stocks. Better risk/reward ratio and easier to justify the move to shareholders as they're tangible businesses with easy to sell real world use cases. The people that move the BTC price aren't regular individuals like us hodling or panic selling, it's the billion dollar corporations justifying to shareholders why they're holding bitcoin as their risk asset instead of NVDA or speculating on AI start ups. They don't have the 10+ year HODL horizon that we do, just 3 monthly profit/loss statements where questions are asked why you're holding a position in that black rock etf that is down 50% from when you bought it.

Rent_South

but it should be done. I bought some basket of US tech stocks in march/april of 2025, when Trump was tweeting his ass off, and boy some NVDA at 88 usd was nice... The consensus was, war is coming so we're all fucked and that was was the actual bottom of the last year and a half. Guess what people did during Covid as well, yeah its hard to go on a buying frenzy when you're not even sure if the 'monetary system will survive', but of course the wealthiest people on the planet did 1.5x on their wealth 2020->2022.

stonkautist69

better off invested in ETH than NVDA. wouldn’t have enough time to count all the money otherwise

Anonymous_Lurker_1

I know its been dropping a while, but its dropped like 5.7%-ish today. NVDA's dropped 6.17%. AVGO's dropped 7.16%, ORCL's dropped 11%. AMD 10%, MU 12.3% ! The list goes on... Anyone with half an idea was aware things will be going bearish this year. I know i was - and im expecting it in to next year too ! Not even taking into account any liquidity being rotated out of assets due to the incoming IPO's for Space X, Anthropic and OpenAI. At least it gives those Buttcoin weirdos something to do for a while... As you were...

colemusic1

A “trust me bro” wave? Mate, these are multi-billion dollar companies that: - have real customers - earn real revenue - earn real cash flows - have a genuine serious demand for it with a supply shock happening, hence the boom - NVDA is the biggest company in the entire world. It is the highest weighting in S&P500, BGBL, NASDAQ, SMH, basically every ETF out there. That’s not a “trust me bro” company, that’s a company with genuine demand due to being a high growth tech stock And, It’s not about being biased. I’m actually neutral about everything. I’m just one that follows finance, follows macro, gets to a deeper understanding of *why certain things are moving.* That’s not a “trust me bro” wave, it’s a genuine need for what these tech stocks / ETF’s have for the world. One could argue that crypto is speculative since almost all tokens don’t actually… earn any revenue. That doesn’t mean it’s a “trust me bro” asset class either, it just means it’s different. I’m invested in crypto, semi stocks, ETF’s, basically full diversification. But it’s completely silly to say that something is speculative when we have a semiconductor stock which is that of NVDA that is the biggest company in the literal world.

Astr0b0ie

Yep, so: * Multi year investment made no nominal return * Purchasing power of the original investment is now significantly less * Lost opportunity to invest that money into NVDA, AMD, INTC, etc

RosieDear

"**sunk cost fallacy**, a cognitive bias where people continue an endeavor because of unrecoverable resources (time, money, or effort) already invested The S&P has doubled since the beginning of the decade. Even solid stocks like Google are up big time. Holding onto losers is one of the biggest mistakes I made in 45 years of investing. Even if you are down 30 or 40% on BTC, I've made that much return on Goog in one year.... If any of you are under 35 and want to be surefire multi-millionaires you would put a lot of money into regular index funds and then some into well positioned tech stocks. That NVDA is only at about 30 P/E....while Tesla is at...what? 200? There is no comparison between these companies! Google? They have so many divisions most all of which will likely succeed. In theory, just WayMo (given the silly markets today) is worth over a trillion. Google also makes chips (like NVDA).....and is an ad agency (like Meta) and is AI and so many other things. Anyway, back to getting wealthy. It takes time. I've been in all those "get rick quick" situations.....I was online trading stocks with "The Fool" way before the internet existed. I remember making 60K or so on my Iomega stock (I was not well off at the time)....in 3 days! But, alas, that isn't how wealth really works. It was the $500 a month I had deducted from my bank account and auto invested into Vanguard, etc. over a couple decades that really added up. You can then set aside a percentage to use as your Mad Money and make your chancy bets. Anyway, all I desire if for y'all to succeed and in crypto it's somewhat akin to options where only a small percentage of folks make money in it. But yet everyone thinks they are part of that percentage!

TellInternational397

Yea, NVDA is outperforming BTC in the last 10 years.

GoldBlueberryy

The dot com bubble was from companies that didn’t have any sales, products or revenue. That is not the same for NVDA, MU, SNDK, etc. these companies have actual profits. It is very different.

clashofais

The AI trade is not one single trade anymore. NVDA, TSLA, GOOG, semis, power, and data-center names can all react differently even if the headline theme is the same. For an active trade, I would want the level that invalidates the setup, whether earnings/revisions still support the move, and whether QQQ confirms or diverges. Without that, “AI bubble” becomes too broad to trade.

clashofais

That rotation is the whole story right now. BTC weakness and AI-stock strength can exist at the same time because they are pulling from different risk buckets. I would not treat it as crypto dead or equities invincible. I would track BTC levels next to NVDA/QQQ and gold, then size around invalidation instead of ideology.

TripTryad

> Do you just sit and hold and wait for it to come back around ? Nope. > Do you sell and put your money in that new rotation? Yup. MU/SNDK/WDC/NVDA/LITE/TSM or just DRAM if you are lazy and want a catch all. > Has that new rotation topped or does it still have room to grow? Hasn't topped yet. Will slow a bit before it does, and there will be plenty of time in Q4 to rotate back to BTC. It's never made sense to me to ride the bear market down in crypto unless you had to. Rotate into equities, then buy much more BTC later in the midterm year when BTC bottoms.

Outrageous_Length975

There are three companies that are having an IPO this month that are driving all the CapEx - SpaceX, OpenAI, and Anthropic. None of them are profitable. The ones making all the money are the ones selling the shovels, like NVDA, MU, etc. So if those three companies are not able to turn their AI LLM's profitable, the money well for the rest of the shovel-sellers dries up. That's the speculative investment part of it. So yes, AI is incredibly speculative right now. That's why it's fighting for the same speculative investment dollars are crypto projects.

iisgambit

You think revenue stays constant if the demand for their product or services go down? Stocks are (mostly) priced on their forward earnings. NVDA is going to take a dump the moment they announce they won't hit their sales target or the demand shows sign of weakening. Stock dividends are also coming out of profits which are tied to sales/earnings. Blockbuster paid dividends but that didn't save it going to 0. Hell to give even better counter point, Adobe, CRM and other software stocks are doing great business and increasing year over year revenue and yet their stock are a dumpster fire. So a company's stock performing in correlation to its assets (aka MSTR) seems more fair to me. Sure MSTR goes to 0 if Bitcoin goes to $0 (assuming it even does) but so does any other company if their market/product goes down the drain. Blackberry was around 80 billion at its and now barely 5 billion even with revenue going strong.

colemusic1

Sorry dude, AI boom is not going anywhere. Have you noticed while BTC, ETH and other majors lately, that AI-narrative tokens had been ripping prior to this huge flush today? RENDER, NEAR, AKT, TAO, FET. There’s a good reason. Semiconductors. They’re in a literal insane expansion right now and edge AI in particular is a long term extremely demanded category within it. I know some might think this is just a short term narrative phase of AI, and while it typically goes in cycles? I don’t see that happening anytime soon. There’s an absolutely enormous supply shock which is why tech stocks are going parabolic. NVDA is officially the biggest company in the world. It IS a semiconductor stock/company, with computing in AI. It’s the biggest weighting in S&P 500, NASDAQ, BGBL, Vanguard (VGS), SMH… basically almost everything. It’s not going anywhere anytime soon.

MedianIsAnAverage

It makes all the difference. If I bought NVDA stock 10 years ago and I also bought NVDA stock 10 days ago, well a share of NVDA is a share of NVDA but they have a completely different cost basis, and depending on cost basis when I sell it might be a realized gain or it might be a realized loss. Bitcoin is the same way When you sell you can do it FIFO (first-in, first-out, the default) or you can do it LIFO (last-in, first-out) or you can do "individual lots" where you pick and choose which ones you sell at which basis. But to do individual lots you have to track the individual lots and their basis individually so you can identify which specific lots you're selling

colemusic1

Sorry what? Did you say AI is the best scam in town? There’s a reason semiconductor stocks are ripping right now like: - AMD - NVDA - MU - SNDK - ARM So, Are you to tell me that these multi billion dollar companies, with NVDA being the **literal worlds biggest company by net worth in existence** to be a “scam”? May want to think again.

RosieDear

Well, dang, now I have to go look since - being retired - I am mostly out of stocks (exception is dabbling in NVDA, etc.) but did throw something in that index.......

RosieDear

NVDA was 235 a couple weeks ago. It's 222 today. What all time high are you referring to?

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Post is by: DazzlingNet1516 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tuj24k/are_crypto_exchanges_adding_stocks_because_users/ I’ve noticed more crypto exchanges are adding stock-related products lately. It feels like the line between crypto trading and traditional markets is getting thinner. For smaller retail users, the appeal is probably simple: one account, familiar interface, and easier access to assets like NVDA, TSLA or major US stocks. But I still think the big question is transparency. Are users getting real shares, tokenized exposure, or just price tracking? That difference matters a lot and i want to know more before i join in. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Solid-Individual-913

Dell is 33% right now my dude. And if you have been sleeping on stocks, MU INTC AMD NVDA and many others have been ripping it. You say NVDA took a dive last week. Did you try to zoom out? NVDA is 26% YTD 76% 1Y 199% 5Y. I don't do oil but XOM is outperforming crypto right now. 22% YTD 42% 1Y

Rock_Strongo

I sold all my $NVDA in 2019 to buy more crypto FML.

No_North1189

That’s honestly such a headache, going through verification over and over plus all those intrusive questions 😤 I switched to BYDFi a while back and haven’t dealt with that kind of hassle at all. They actually have a cool promotion right now—trade tokenized stocks and you can win NVDA, TSLA or a share of $50k total rewards. Also love their VIP Express Pass, lets you instantly upgrade VIP +1 level and unlock exclusive benefits like smoother withdrawals and better perks. Way better experience honestly 🤙

mathaiser

Expect a crypto winter this fall, ending in October. Thats when the fallout from no oil shipments affect real production, the market realizes that these AI companies can’t possibly grow as they expect, their models all become the same and the only limiting factor is power. They will all be searching for power generation, the world economy falls and the only option in this manufactured crisis is to print money. When that happens, the cantillon effect comes in. Money rotates out of AI stocks, and with the extra cash, not seeing anywhere good to place their new found money, they start pumping bitcoin again. Throwing it at the asset that looks the worst, but can continue to grow in that artificial environment. Bitcoin hits ATH July 2027 after another fake/printed “V” shaped recovery. But don’t listen to me. Sure, go all in on AI. NVDA had bomb earnings this quarter, and is valued at it continuing to have the same amazing quarterly profits for the next 89 quarters to match its market valuation. That’s 22.5 years of record profits. No company in the world can do that.

xxALLARKxx

Everyone talking about stocks....we got a crypto supporting marketplace, crypto ain't dead. People are using it and chillin. Can't use NVDA stock to buy stuff anywhere yet. 😂

Ced-Invest

That is exactly the part that is not priced yet. Twelve months ago "AI" was a single tradable basket. Today the basket has at least four distinct risk profiles inside it, and the allocator who used to buy NVDA as a proxy for "the trade" now has to underwrite each sub bucket separately. That kind of complexity tax does not show up in flow data immediately, but it changes the opportunity cost of holding non-equity hedges.

Ced-Invest

Fully with you on the mechanism. The "AI sucked liquidity" framing was always a narrative shortcut for a duration and rates story, the actual flow data backs you up. ETF inflows being positive most of 2025 is the part nobody quotes because it ruins the clean rotation arc. Where I would push back slightly is on the marginal corporate treasurer decision, not the macro flow. That layer of buyer was making a single basket bet on "AI exposure" through NVDA. Now they have to pick a lane inside AI, and BTC sits there as the one allocation that does not require picking a winner inside a fragmenting trade. Not a rotation story, more a relative attractiveness of the simplest non-equity bet versus a basket that just got harder to construct. Agreed the macro driver dominates. The AI fracture is just one input that quietly improves BTC's case at the margin.

hypersignals

The piece I would add is that the "AI capex sucked liquidity out of crypto" thesis was always partly cope. NVDA going vertical and BTC going sideways was correlated with the same Fed posture and the same dollar trajectory, not a direct capital rotation. If you look at the actual marginal flows in 2025, crypto ETF inflows were positive in most months, the underperformance versus equities was duration mismatch and leverage unwinds, not a clean capital rotation story. So the fracture in the AI narrative is real and probably bullish at the margin, but I would not expect a clean mirror-image rotation back into crypto. The macro driver matters more than the AI sub-narrative.

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Post is by: Ced-Invest and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tnyxcg/anthropic_blacklisted_by_the_pentagon_over_safety/ The Pentagon just declared Anthropic a "supply chain risk" because the company would not let the DoD use Claude for autonomous weapons and mass surveillance. Eight other firms got the contracts: SpaceX, OpenAI, Google, Microsoft, Nvidia, AWS, Oracle, Reflection. For crypto traders this matters more than it looks. Through 2025 the dominant macro narrative for why BTC underperformed equities was that long duration institutional capital had a better story to chase: AI capex. NVDA went vertical, BTC went sideways, the capital rotation thesis was clean and one-directional. In 2026 that thesis is fracturing in a way that has not been priced into crypto yet. NVDA printed an $81.6B revenue quarter on May 20, 85 percent year over year, and the stock dipped on margin concerns. The AI trade is no longer a single narrative. It is segmenting into defense AI, consumer AI, sovereign AI, safety constrained AI, each with its own capital allocator and its own risk profile. What that fragmentation does to crypto allocation is the open question. The argument for BTC as a single coherent macro asset gets stronger relative to a fragmented AI thesis. The marginal corporate treasurer who was choosing between buying NVDA shares and putting BTC on the balance sheet now has to choose between five different AI plays and BTC. That is a slightly different decision tree. The other side: if defense AI becomes a real budget line, that is fiscal expansion flowing into US tech directly. More government deficit financed AI capex means higher yields, dollar pressure, exactly the macro environment BTC has been struggling in. So I am not convinced either way yet. Curious if anyone here has actually updated their AI vs crypto allocation framework on the back of the Pentagon deals. The clean "BTC loses to AI capex" trade looks less clean now that the AI bucket has visibly split. What is your read? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

LavoP

Good for you. The point is you could have sold ETH 5 years ago and invested into NVDA or something. Then you wouldn’t even be here on Reddit because you would be too rich.

RosieDear

NVDA is super cheap compared to Tesla, which has zero hope of every even being in the same league (of honest real intelligent humans).

Outside-Fun181

“Key themes heading into the print include continued AI infrastructure spending from major tech companies, questions around how long NVDA can maintain its dominance as competition increases, and geopolitical constraints around exports.” flagged as 100% AI generated

007TheLostOne

Woah...why are you so angry? If you want to stay in crypto then by all means please do I needed someone to offload my bags at. Meanwhile my AI stocks are soaring, NBIS, CRDO, AXTI, NVDA. One year made my crypto portfolio look laughable. Best of luck friend.

AlaskanSnowDragon

Its still an idiotic proposition. You need more than 1 year. And even in the 1 year you're pointing to there were times bitcoin when up with NVDA. Times where it went Down when NVDA was going sideways. And stayed flat when NVDA dropped.

Ced-Invest

"Time will tell" is the answer to every investing question ever asked. It is also a way to avoid the actual one. The question is not whether NVDA or BTC survives in 10 years. The question is what you do with capital today, given what you can observe today. Flows, narratives, earnings, allocator behavior. That is the entire job of being in markets. "Buy both" is not a thesis, it is a way to opt out of having a view. Which is fine if you are passive. But the OP is specifically about why active capital is rotating from one to the other right now, in 2026, with measurable flow data. That is a real conversation, not a coin flip. I am genuinely curious though. If "time will tell" is the frame, why are you on a markets sub at all? Most of us are here because we think the present tape is decodable. If you do not, fair, but then this sub is a weird hobby.

Ced-Invest

This is the underrated angle. It is not just NVDA. SpaceX IPO whenever it comes is going to suck a meaningful chunk of attention and capital out of the same pool BTC has been drinking from. Add Stripe if they ever go public, add the next wave of AI infra names, and the "where do I put fresh capital for asymmetric upside" question has five real answers in 2026 instead of one in 2021. That is what the ETF flow data is starting to show in my opinion. Not capitulation, just rotation toward stories with quarterly numbers. Are you allocating around the SpaceX IPO, or just watching it as a flow signal for the rest of the tape?

Ced-Invest

That is a fair shot, and I will not pretend the list of unmaterialised narratives is short. New currency, payments rail, programmable money, banking replacement, gold replacement, all of them got pitched and none of them is what actually carries the asset today. But I would push back on one thing. The fact that BTC has cycled through narratives without one sticking is not a counterargument to the post, it is the post. Every cycle a new use case got asserted, capital flowed in on that thesis, and when the thesis did not materialize, the capital that came in for that reason left. That is the pattern. Where 2026 looks different to me is that for the first time, the asset that is absorbing the "future of capital" attention is not another crypto rotation (alts, NFTs, DeFi summer, etc). It is an entirely different sector with actual P&L. NVDA printed 81.6B in revenue this quarter. The AI capex thesis has earnings reports attached, which none of BTC's prior narratives did. So I am not arguing BTC dies. I am arguing the burden of proof shifted. For the last 18 years the question was "which BTC narrative will stick." For this cycle the question might be "does BTC need a narrative at all when AI is eating the speculative oxygen." Honest question back: in your 18 year list, which of those narratives do you think came closest to actually materialising, and what made it fall short? Because that probably tells us what to look for in whatever comes next.

Ced-Invest

Read what you just wrote: "Nvidia surge and Bitcoin is down. What the hell are you even looking at." That is the thesis. That is literally the post. Six months ago that divergence would have been treated as a temporary dislocation. In 2026 it is the trend. Capital is rotating into something with cash flow, away from something without. That is the comparison. The mining GPU link is a 2017-2021 story and nobody here is making that argument. I am talking about capital allocation and narrative positioning in 2026. ETFs lost 1B last week, NVDA buyback authorization went up by 80B in one earnings print. That is real money moving, not a chart overlay. "Correlation is not causation" works when you are arguing against the mining angle. It does not work when the question is where the marginal dollar goes, because that is observable from flow data directly.

Ced-Invest

Pull up a 1Y chart of BTC and NVDA overlaid and tell me with a straight face the correlation ended. The August 2024 carry unwind dumped both. The April 2025 tariff scare dumped both. Every single FOMC repricing in 2025-2026 moved them together on the day. The 90 day correlation between BTC and Nasdaq has been north of 0.4 for most of 2026. I would actually love to see the data you are using when you say the link ended, because every dataset I look at says the opposite.

Ced-Invest

You actually made my point in the last sentence. If BTC were behaving like digital gold, it would decouple when equities sell off. Instead, as you said, when NVDA dumps it drags BTC down most of the time. That is a tech beta correlation, not a store of value correlation. Gold during this same stretch ran to new highs. BTC sits 25% off its highs with ETF outflows accelerating. If the digital gold thesis were operative right now, the chart would look like gold's, not Nasdaq. I am not saying BTC stops being a store of value forever. I am saying it is not behaving like one in this cycle, and the capital that was pricing it as one is leaving.

Ced-Invest

Fair. The comparison is not "NVDA chart vs BTC chart." It is capital allocation. Six weeks ago the dominant narrative funding ETF inflows was "BTC is the asymmetric bet on the future." Yesterday Nvidia put 81.6B of actual revenue and 75B of data center demand on the table, and announced 80B in buybacks. That narrative slot, "where the smart money is positioned for the next decade," now has two tenants instead of one. And one of them prints cash flow. So when ETFs lose 1B in a week right as NVDA prints a record, that is the comparison. Not price action, attention and allocation.

AlaskanSnowDragon

WTF is this post and title? NVDA being in any way related or linked to crypto ended a long ass time ago