Why Is Bitcoin Is MASSIVELY Underperforming?

Added: 2026-06-04

[00:00:00]What's going on guys? Aaron here.

[00:00:01]Welcome to the video. So, new location.

[00:00:04]I am in a new house here in Oregon. I want to talk about what's going on with Bitcoin and with AI. AI is hitting new all-time highs. We're seeing Enthropic hitting almost a $1 trillion valuation while Bitcoin is falling off the 200 day, which I am not surprised about. If you are shocked about this or if this worries you, honestly, I don't know what to tell you. means you haven't been watching these videos or you I don't know have been listening to people saying that we're just going to go to the moon. Ultimately, this is completely fine. Just zooming out a little bit.

[00:00:38]This is nothing that I'm concerned about. But I think a lot of people are feeling this because the S&P is hitting new all-time highs and because we are seeing the NASDAQ hit new all-time highs which is literally only being led by a few different stocks like a handful are driving all the gains right now and they are all AI related stocks. So I want to touch on all of that including a couple stories. Fidelity saying that Iran accepting Bitcoin payments could be a thing. What that means, and this kind of goes over what I'm talking about.

[00:01:13]Bitcoin has more or less disconnected from the market since it hit its high in October. Here we're seeing gold and silver up a lot while again, Bitcoin is going down. But again, not concerned here at all. And here a few days ago, Trump said something about the anti-crypto army and making the US the crypto capital of the world. I want to touch on that as well, including some more about the Clarity Act. And also, this is a little bit concerning, but the personal savings rate is down. So, I want to start out right here. Again, Anthropic is going to see a huge valuation. Probably Open AI as well is going to see some huge numbers. SpaceX is going to be enormous. And a lot of people invested in crypto are just like, "What's wrong with crypto? Is crypto dead?" Right? Is Bitcoin dead? Are all coins dead? And here's what I want to say about that just to kind of start this video off. The reality is I do not believe crypto and altcoins and Bitcoin are dead. I don't. They were the shiny thing for a while and now they are just cooling off. And this again goes through cycles and patterns. If you believe the US will never stop printing money, then in my opinion, it makes sense to be buying Bitcoin and buying scarce assets.

[00:02:28]If you think that tokenization is actually going to happen, then it makes sense to be buying layer ones or protocols that will benefit. So, it really depends on your belief. Right now, Bitcoin crypto, it's just not super sexy right now, but in my opinion, it will come back. Right now, we are just seeing tech stocks. We're seeing AI.

[00:02:48]We're seeing Enthropic, OpenAI, uh SpaceX, all these massive IPOs that are going to be coming out. So, right here real quick, uh this is basically Bitcoin and Iran. So, Fidelity Digital Asset says Iran accepting Bitcoin payments for the straight of Hormuz supports growing evidence about a shift away from the dollar-based system. So, we'll see, right? If Iran does collect Bitcoin, if they hold the Bitcoin, if they try to sell the Bitcoin. It is interesting though uh right here we can see that every other asset on earth is up except for Bitcoin. Now again they're taking this from Bitcoin's high of October 2025. So Bitcoin rallied super hard, right? I mean Trump's inauguration, Bitcoin was around 100K. It rallied to 125 or so and yeah then it came down but it still rallied quite a lot in 2025 before it had its decline to where we are now. So they say either something is broken at the core or this is the biggest coordinated manipulation. I don't really think either are necessarily true. I don't think anything is fundamentally broken with crypto. Is crypto and Bitcoin manipulated? I mean that's another story. Right here we're seeing a ton of shorts pile on and yeah I think a lot of market makers see this and then they liquidate people right and they collect their fees and they move on. Is that manipulation though or is that just companies making money on a very small, relatively very small and very liquid market? Right? But right here, gold and silver are up over the last 24 hours or so. But remember that gold and silver are still quite down from their all-time highs. It's not like they are putting in new all-time highs.

[00:04:29]We can see right here, gold is down around 21% from the all-time high, and silver is down even more, around 40% from the all-time high. So, yeah, we're seeing gold and silver and Bitcoin, which are all really, really safe haven assets in my opinion, down between 20 to 40%. So, it really depends on the time frames you're looking at and is this a time to be buying and accumulating or is this a time to be panicking, selling things at a loss and then piling into things that are hitting new all-time highs, right? It's up to you. It really depends on your belief system. I think you guys know where mine are uh and how I feel about this stuff uh right here.

[00:05:12]So Trump said the other day, Gendler and the anti-crypto army nearly destroyed the American crypto industry by driving Bitcoin, crypto perpetuals, and innovation offshore, but Trump saved it.

[00:05:23]America is now the crypto capital of the world, and builders and entrepreneurs are coming back to the US where they belong. Under my leadership, we will codify, this is very important, we will codify a futureproof digital asset market structure that cannot be undone by the crypto haters. So yeah, they are trying to codify this so it cannot be undone. And that leads me right here.

[00:05:46]Senator Lumis said, "Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed right to their own assets." Really reminds me of what happened with FTX and Celsius. They join a creditor line with other Wall Street firms and expensive lawyers, very much like Celsius, and hope for the best. This is a consumer protection failure Congress must fix.

[00:06:06]So, I'm not sure exactly how Clarity Act would have prevented something like Celsius other than again them being completely audited by actual third parties and a CEO not just being able to basically BS and lie every AMA. Um, yeah. So, they'd probably have to be a lot more strict and have to hit different benchmarks of disclosure. And these are things that Celsius said they had, but they actually didn't. So, it is interesting she mentions this. I mean, so far we haven't seen any massive bankruptcy uh over the last year or so.

[00:06:42]There have been a couple small ones, but nothing like FTX. And speaking of FTX, I mean, that's really what set the low for the last cycle was when we saw all these cascading liquidations from three arrows Capital, Celsius, BlockFi, Voyager, and then FTX back in November. That's what kept setting new lows for Bitcoin. We haven't seen that yet. If we begin to see some massive companies break down, that would be something that would, I think, push Bitcoin's price well below $60,000, possibly into the $50,000 range. But until I see that, I'm just like not sure it's really going to happen and play out this year the same way. Scott Bessant is also encouraging the House and the Senate to get the clarity done as well, which is very good. And right here, I want to end the video on this. So basically personal savings have dropped to 2.6%.

[00:07:32]And that's very very low. In 60 years it's only been this low twice during COVID and right before the 2008 great recession. So yeah we are seeing very low personal savings rates and that was again right before two very very challenging times. uh basically will the stock market lose roughly 50% like it did in 2007 where unemployment doubled, home prices collapsed, etc. We'll see guys. Personally, I do have some cash stacked in case we do see a 2007208 event. But I'm also fine if I never deploy that capital and things just go up from here. And I know I always talk about that, but I think it's important to have a plan and have your own plan.

[00:08:16]If Bitcoin drops a little lower, I will probably put in some longs um with a little bit of leverage just for fun.

[00:08:22]Right now, I haven't decided to dive into leverage, but if Bitcoin really does drop quite a bit if we go back into the mid60s or low 60s, which we totally could do, and that would completely align with previous bare markets, I'll probably put in uh some long positions and use some of that dry powder to pick up some spot bags as well. And before I go, two things I want to mention. forex.

[00:08:44]So it's where I have around $343 of my own money in a liquidity pool. And so far they have been paying me every single day for the last few months. Now with anything centralized, it's very important to know the risks because yeah, you are giving your crypto to a third party. But on their site, they say you can withdraw any time, no lockups, and they have around $150 million of assets allocated. They are a channel partner, just to give you guys full transparency there. And if you want to roll over a retirement account or start one, iTrust Capital is where I have a Roth IRA where basically you can sell crypto at a profit and pay zero capital gains tax. So this is something I'm super passionate about. If you have access to a Roth IRA, I highly recommend getting one. or if you want to roll over a traditional IRA as well or start one, iTrust is where you can buy Bitcoin, precious metals, and also a whole bunch of altcoins as well if you want to have those in a retirement account. I'll include a link below for that where you're going to get a funding bonus as well. So guys, that is it for the video today. Basically, Bitcoin is doing what it does every single bare market where it hits the 200 day and it begins to fall. I guess the real question is how long will it take to hit a bare market bottom? Will it bottom out in Q3? Will it bottom out sooner? I mean, personally, I can imagine uh Bitcoin bottoming out in the next one to 3 months if I had to guess. And then we may stay there for another 1 to 3 months. It may kill all the excitement that people have in this industry. And then that's usually when we bottom. uh probably see some money roll away from AI because that's the uh hot thing right now and eventually it'll come back into Bitcoin, come back into crypto like it always has and in my opinion always will. So guys, that is it for the video.

[00:10:33]Hope you guys are doing well. Leave your thoughts below if you're feeling upset, apathetic, annoyed, or are you waiting for lower prices to deploy? Do you have some limit orders set at pretty low levels in case we see a October flash crash like we saw last October where things, you know, drop 20% in a day? Let me know what your plan is. Let me know what you're doing. Hope you guys are doing well. Till next time, talk with you soon and bye for