Bitcoin Breaks $84K as ETFs Pull In $550M in Two Days

Listen, it's been a good week for Bitcoin.

Obviously, we got quite a bit to talk about here tonight.

We'll start with the ETF inflows and the price action.

We're up above $84,000.

It feels nice to finally be on the rebound.

We seem to be, I don't want to say breaking out, Joe, but maybe we are like a teenager who's just a little bit too hormonal.

It feels to me like we are in this sort of like new wave of optimism that at least in my opinion, is unrelated to really anything in the market.

I actually see AI with more and more worry.

I see data centers now and the debt related to them being sold to pensions.

Last I checked, I think that might be in the notes for tonight.

I don't know.

Where do you guys come down? Joe, I'll start with you since you're our honored guest here.

yeah so you know i think that uh a couple of things are happening right um number one anthropic posted i think an 80 billion dollar loss for the first half of 2026 so not too bad honestly while i saw a meme um while elon is talking about giving spacex shares to every american kid um dario amode is thinking about handing a part of the 80 billion dollar loss to every american kid so very kind of him to consider doing that But look, I think that, you know, you're you're just seeing emerging credit stress is really all it is with with the cost of capital now above 5% in the Treasury, doing everything that it can to get those rates down.

And it seems like we're finally catching a bid now in the Treasury market.

You're starting to see a couple of cracks emerge as far as credit conditions are concerned among the big names who are very reliant on on this credit.

So, you know, it remains to be seen what what comes of that over the next couple of quarters.

Meanwhile, Bitcoin is On a bit of a tear here, I mean, I wouldn't call it fully sort of out of the woods here yet.

I think you're just going to continue to see a little bit of volatility over the next two, two and a half weeks here as midterms approach.

Um, you know, I'd say I'm going to pull up the, uh, the brand new Bitcoin terminal that I actually made.

Um, I stole the Bloomberg terminal, um, because, uh, after several years of getting it for free from my alma mater, they finally discovered that, uh, I'm no longer a student there.

So I decided to make it myself.

Um, so you can go to monitor.joeconcerty.com subtle plug to see this, but, um, basically you can take a look here, right? We're still, uh, well beneath, uh, This

is really good.

This is free? Suck it,

Bloomberg.

Listen, it's been a good week for Bitcoin.

Obviously, we got quite a bit to talk about here tonight.

We'll start with the ETF inflows and the price action.

We're up above $84,000.

It feels nice to finally be on the rebound.

We seem to be, I don't want to say breaking out, Joe, but maybe we are like a teenager who's just a little bit too hormonal.

It feels to me like we are in this sort of like new wave of optimism that at least in my opinion, is unrelated to really anything in the market.

I actually see AI with more and more worry.

I see data centers now and the debt related to them being sold to pensions.

Last I checked, I think that might be in the notes for tonight.

I don't know.

Where do you guys come down? Joe, I'll start with you since you're our honored guest here.

yeah so you know i think that uh a couple of things are happening right um number one anthropic posted i think an 80 billion dollar loss for the first half of 2026 so not too bad honestly while i saw a meme um while elon is talking about giving spacex shares to every american kid um dario amode is thinking about handing a part of the 80 billion dollar loss to every american kid so very kind of him to consider doing that But look, I think that, you know, you're you're just seeing emerging credit stress is really all it is with with the cost of capital now above 5% in the Treasury, doing everything that it can to get those rates down.

And it seems like we're finally catching a bid now in the Treasury market.

You're starting to see a couple of cracks emerge as far as credit conditions are concerned among the big names who are very reliant on on this credit.

So, you know, it remains to be seen what what comes of that over the next couple of quarters.

Meanwhile, Bitcoin is On a bit of a tear here, I mean, I wouldn't call it fully sort of out of the woods here yet.

I think you're just going to continue to see a little bit of volatility over the next two, two and a half weeks here as midterms approach.

Um, you know, I'd say I'm going to pull up the, uh, the brand new Bitcoin terminal that I actually made.

Um, I stole the Bloomberg terminal, um, because, uh, after several years of getting it for free from my alma mater, they finally discovered that, uh, I'm no longer a student there.

So I decided to make it myself.

Um, so you can go to monitor.joeconcerty.com subtle plug to see this, but, um, basically you can take a look here, right? We're still, uh, well beneath, uh, This

is really good.

This is free? Suck it,

Bloomberg.