Bitcoin Down, Confidence Gone… Perfect Setup? #CryptoTownHall

Bitcoin Down, Confidence Gone… Perfect Setup? #CryptoTownHall

From The Wolf Of All Streets by Scott Melker

June 10, 2026 · 1h 0m

About this episode

The episode discusses the current state of Bitcoin and the psychological challenges of investing during market downturns.

Bitcoin sits near $60K in despondency with fresh buyers scarce and warnings of a quick move to $50K before $75K as sellers line up higher up. This candid roundtable examines the grinding bottoming process and tough psychology of buying when it feels bad, while unpacking why substantial new capital is needed to overcome layered selling. The group explores AI draining liquidity into Spacex IPOs even as it builds an agentic economy on stablecoins and blockchain rails for machine payments, Spacex's space data centers solving AI's energy woes, miners pivoting to lucrative AI/HPC or serving as flexible grid balancers, AI agents adding BTC to portfolios, resilient hash rates from sovereign players, ETF outflows mostly from hedge funds while core holders and banks accumulate, and banks launching competing stablecoin networks amid stalled regulatory clarity. Could high money velocity spark a fast recovery from this muted phase or is deeper capitulation still ahead? Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Scott Melker

Topics covered

  • Bitcoin market analysis
  • investment psychology
  • AI and blockchain
  • liquidity issues
  • stablecoin competition
  • ETF outflows

Keywords

  • Bitcoin
  • AI
  • Spacex
  • stablecoins
  • ETF
  • liquidity
  • investment psychology

Mentioned in this episode

Organizations: Spacex, AI, HPC, ETF, banks

Products: stablecoins, Bitcoin

More episodes of The Wolf Of All Streets

Explore listener stats, chart rankings, contacts and more on the The Wolf Of All Streets podcast page.