InvestAnswers|26. Mai
BTC Demand Falls Off a Cliff 🚨 Tesla, SpaceX & Micron Take Over
📉 Crypto: Weakness & Capital Outflows Dominate
- Bitcoin Demand Crashes: The 'Apparent Demand' indicator from CryptoQuant plummeted to -147,000 BTC, the weakest since January.
- ETF Outflows: Bitcoin ETFs saw net outflows of $1.47 billion for the second consecutive week, the largest since January.
- Sentiment in the Toilet: The Crypto Fear & Greed Index sits at 34 ('Fear'). The Coinbase Premium Index signals a lack of buying interest.
- Altcoins Under Pressure: Polymarket gives Ethereum a 59% chance of losing its #2 spot. Many developers are giving up on old chains.
- One Bright Spot: Solana ETFs have seen steady inflows for six weeks, suggesting a possible rotation away from Ethereum.
- Micron Madness: +50% in 30 days, then +37% in a week. Market cap surpassed $1 trillion. UBS raised price target to $1,625 (note: the transcript mentions current price around $900).
- Other Winners: AMD (+22%), Tesla (+7%), Eos Energy, Marvell (new HSBC price target of $300).
- S&P 500: Ed Yardeni set a new year-end target of 8,250 (+10%).
- AI Winners: Taiwan benefits massively from the AI chip boom, while India's market suffers under AI pressure.
- Tesla Cybercab: Extremely efficient – equivalent to 202 MPG (approx. 1.1 liters/100 km energy equivalent). New patent for Optimus's self-cleaning eye (lens system).
- SpaceX: Elon Musk plans to make SpaceX the leading hyperscaler. A $45 billion deal with Anthropic was signed. Orbital data centers on a gigawatt scale are in planning.
- Starlink: American Airlines joins. Business travelers will avoid flights without high-speed internet.
- Financial Optimization: MicroStrategy repaid $1.4 billion in debt at an 8% discount (0% interest). Goal: a debt-free balance sheet for potential S&P 500 inclusion.
- Risk: The STRC dividend may only be payable for six more months. The host remains optimistic but monitors the situation closely.
- Polymarket: Anthropic has a 94% chance of being worth $1.1 trillion by year-end, OpenAI a 92% chance of $900 billion.
- Warning: "He who controls the compute controls everything." The situation is volatile. Watch Cursor and xAI – they could surpass Anthropic in 2026.
- Criticism: Politicians like Michael Moore own 13 homes worth $61 million while discussing income inequality – an example of "socialists in name only."
- Outlook: Keep cash handy, as the rally cannot last forever.
