# Bitcoin Down, Confidence Gone… Perfect Setup? #CryptoTownHall

Page: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-down-confidence-gone-perfect-setup-cryptotownhall
Text version: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-down-confidence-gone-perfect-setup-cryptotownhall.md
Podcast: [The Wolf Of All Streets](https://stenobird.com/podcast/the-wolf-of-all-streets-1215618)
Published: 2026-06-10T15:56:00+00:00
Episode link: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA2770850004.mp3
Audio file: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA2770850004.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wolf-of-all-streets-1215618/episodes/bitcoin-down-confidence-gone-perfect-setup-cryptotownhall
Duration seconds: 3612

## Resource

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

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## Transcript

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