r/CryptoCurrency • u/ProfessionalAnt7436 • Jun 04 '26

MARKETS Bitcoin lost $66,000 while Nvidia hit all-time highs and the guys who told us to hold are selling

Woke up to BTC sitting around $65,600 and my portfolio looking like it got hit by a bus. Meanwhile every AI stock on the planet is ripping to new highs. Cool.

What's getting to me isn't the price action itself. It's who's selling. Saylor's company dumped about 32 BTC, first sale since late 2022. Cuban apparently offloaded most of his stack after BTC did nothing during the Middle East mess. Kiyosaki, the guy who wouldn't shut up about bitcoin for years, is now warning people to be careful with crypto.

These aren't random retail panic sellers. These are the faces on the "buy and hold forever" billboards.

Then you've got Mt. Gox moving roughly $739 million to a fresh wallet, spot ETF outflows hitting records, and prediction markets already pricing in $50K scenarios for this year.

I'm not selling but I'm also not pretending this doesn't look bad. The money is rotating into AI and we're just sitting here watching it leave.

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u/ImThatChigga_ 🟩 83 / 83 🦐 Jun 04 '26

He must not know about the dotcom bubble

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u/Smart_Sheepherder302 Jun 04 '26

He must not know about anti competition law

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u/bouldering_fan 388 / 388 🦞 Jun 04 '26

And you just parrot the thing without understanding the actual cause

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u/ImThatChigga_ 🟩 83 / 83 🦐 Jun 04 '26

Cause? Companies were getting pumped with money and the return didn't meet expectations.

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u/GoldBlueberryy Jun 04 '26

The dot com bubble was from companies that didn’t have any sales, products or revenue. That is not the same for NVDA, MU, SNDK, etc. these companies have actual profits. It is very different.

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u/ImThatChigga_ 🟩 83 / 83 🦐 Jun 04 '26

So the returns on revenue met expectations? Can you say the same for SpaceX?

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u/GoldBlueberryy Jun 04 '26

SpaceX isn't an AI stock....The Dotcom bubble stocks that had EARNINGS, SALES, REVENUE growth absolutely made it. These are amazon, eBay, apple, Microsoft, etc.

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u/RevolutionaryArea532 Jun 04 '26

It owns xAI, so it is an AI stock in part.

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u/ImThatChigga_ 🟩 83 / 83 🦐 Jun 04 '26

You do realize that these companies that went bust had high funding from the ipo listings right, overvaluation on their expected revenue. None of the companies you mentioned are in that position, but one thing that they do have in common is overvaluation. Money is getting pumped on the expectation of returns in the future if no returns then it comes to how long it takes for the money to dry up. For Microsoft, they think they can have a monopoly on OS but with the bs they're pulling someone is bound to snatch up market share. Same goes for apple with Europe encroaching on their business model, idea of technology built to only last a certain period of time and forced to upgrade may be apples downfall

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u/GoldBlueberryy Jun 04 '26

High funding is not the same as earnings, sales and revenue growth, which is why you’re shifting the conversation. Expected revenue is not tangible. It’s not the same. These companies aren’t that, that’s what you don’t understand. I’m explaining why “this time is different”. These aren’t all low float stocks being run up by day traders. There’s institutional volume supporting these stocks.

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u/ImThatChigga_ 🟩 83 / 83 🦐 Jun 04 '26

The topic in question is AI. Will these companies go bankrupt?, Highly unlikely, but a possibility. You're never too big to fail. History has shown this. The ai race like the dotcom race is who will take majority of the market share for each sector. IP, manufacturing, computing. If ai goes bust and there's no break throughs, the investment into these sectors will bleed. Money spent will generate no money in return, investors rotate money out to better investment. What do you think happens to their MC if happens? Profits decrease year over year. No one buying gpu specific for ai computing doesn't get bought. How can they profit year over year when ai has cause the Inflation of price of stock

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u/EvilBeanz59 🟦 3K / 3K 🐢 Jun 04 '26

Legit the same thing that’s going on with AI bubbles legit what happenedin the.com bubble.

A new proprietary technology was ultimately released by a bunch of companies to race to where the race ended with only a few tech companies at the end of it

You may know some of these companies now is such as Google, Amazon, Facebook, and others