In this episode, we break down what may be fueling Bitcoin&#x27;s latest move toward $80K, analyzing whether whale activity and ETF inflows can signal a potential bottom to crypto winter as prediction markets increasingly &quot;price in&quot; upside scenarios. We also unpack the growing influence and controversy around Polymarket, including a high-profile case involving a $400K wager tied to the alleged arrest of Nicolás Maduro. On the AI front, we explore intensifying Big Tech competition, from Meta partnering with Amazon Web Services on AI chips to Google deepening ties with Nvidia-powered frontier labs. Finally, we dive into the blockbuster headline of SpaceX potentially acquiring Cursor for $60B. Remember to Stay Current! To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email mcdigital@morgancreekcap.com Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

Whales, Wagers, and $60B AI Deals

Digital Currents

# Full Transcript

**Podcast:** Digital Currents

## Transcript

Welcome to Digital Currents, brought to you by Morgan Creek Digital. I'm Xavier Segura. Each episode, we spotlight the topics and people changing the tech industry with a focus on AI, blockchain, chips, and big data. Thanks for listening and please make sure to subscribe if you like what you hear. And remember, stay current.

Mark, happy Friday. I think it's finally started to feel like spring. How are you doing?

Doing great, doing great. And, you know, celebrating a little Jeremiah Love action with the Notre Dame blue on and excited for him. Actually excited, Jadarian Price. The other running back going to be a Seahawk, which is my team. So quick reveal. I am all out in green today for Green Candles. We'll talk about that. And it went all in on the Bitcoin moon sock game.

So why? Well, you know, Intel is up 24% as we speak overnight after blowing out earnings. Now set a new all-time high from their price in 2000. AMD up 10%. Chip stocks just totally to the moon. Lots of green candles.

But, you know, Bitcoin doing well up a lot off what we think was the bottom for this cycle. Probably, you know, five, six weeks ago. So lots to be excited about. And then we had the draft last night. So it's good.

Yeah. Yeah. The draft is kind of like the unofficial, my views, like getting close to summer fields, right? Because it's like spring is definitely the masters, right? And then anything before that is just cold. And then now we've kind of transitioned into this period here. Weather's getting a little bit better. Although, Mark, we jumped to the summer very fast, you know, with like temperatures in the 90s where I'm and I'm sure in Carolina it was quite as well.

Then we plunged back to reality and now we're kind of more stable, which is smart. It kind of sounds a lot like our markets right now, right? Yes. What's going on on the crypto side. So tell us a little bit about on the BTC angle. You know, we flirted with that 80K number, which, you know, for a while in withdraws of winter felt like a remote distant chance.

And you and I were even looking at scenarios where folks were saying we could come all the way down to previous low cycles in the 40s, if not lower. So that hasn't happened. We spoke a lot about why. But now we've had a little bit of this resistance band eroding and we've been pushing up more. Where do you see it? Yeah, look, I mean, since we were together a week ago, yeah, we're up, you know, 2%, not that much at, you know, 78K.

But in the last month, we're up almost 11%. And that includes a dip, you know, a pretty big dip. At one point, you know, we were all the way down to 66K less than a month ago.

And now we're at 78K. So that's a big move. And then what's really interesting, right, is we go all the way back to, let's see what that date was, you know, the actual low, which I think is going to turn out to be the low for the cycle on February 5th. You know, we were all t...

Whales, Wagers, and $60B AI Deals

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Whales, Wagers, and $60B AI Deals

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.