The Bitcoin Setup Nobody Wants to Believe
Спикеры
John Gillen
— Соведущий, Milk Road Macro
John Gillen discusses Bitcoin’s quiet price action, expecting a short-term bearish rejection after a possible bounce, while remaining long-term bullish due to undervaluation and accumulation. He covers the Clarity Act’s chances, a dovish Fed outlook supporting the S&P 500, and recommends pivoting from AI stocks into crypto. He also highlights Ethereum’s institutional adoption and his own buying strategy.
- Bitcoin likely to retest resistance then break lower in the near term (bear flag).
- Long-term Bitcoin bullish: undervalued, major asset managers shifting to 'how much to buy', Clarity Act could be a positive surprise.
- John has been accumulating Bitcoin and Ethereum on dips.
- Fed seen as unlikely to hike rates, next move may be a cut, which is supportive of risk assets and the S&P 500.
- Advises rotating from AI stocks into crypto ahead of the next bull cycle.
- Ethereum gaining institutional traction via Ethereum Institutional outreach.
- Broad crypto adoption noted, with Standard Charter’s $4T on-chain estimate by 2028.
Идеи
Short Bitcoin, rejection and new lows.
Bullish Bitcoin thesis: author says Bitcoin is cheap/undervalued, is accumulating on dips/buying fear, and expects upside above $100K.
Long Ethereum on institutional adoption.
Speculative capital has rotated into AI and semiconductor stocks during this cycle, but now is the time to pivot from AI to crypto. The next crypto bull market will reward early positioning before institutional money rushes in. He advises reducing AI exposure and increasing crypto allocation, specifically Bitcoin and Ethereum.
Long S&P 500 on dovish Fed.
The Fed is unlikely to raise rates; inflation is cooling and the labor market is weaker than thought. Kevin Worsh's task forces favor dovish policy, and the next move may be a rate cut. This environment is bullish for risk assets, and JP Morgan raised its S&P 500 target to 8,000.
Avoid AI stocks, buy crypto instead.
Speculative capital has rotated into AI and semiconductor stocks during this cycle, but now is the time to pivot from AI to crypto. The next crypto bull market will reward early positioning before institutional money rushes in. He advises reducing AI exposure and increasing crypto allocation, specifically Bitcoin and Ethereum.
Далее
This Milk Road Macro video, published August 10, 2026, features John Gillen discussing BTC, ETH, SPY, AIQ. 4 trade ideas extracted by AI with direction and confidence scoring.
Speakers: John Gillen · Tickers: BTC, ETH, SPY, AIQ