AI is booming, Bitcoin is near $81K but the Fed is back in control
Markets are facing an interesting conflict: AI growth remains extremely strong, while US inflation is still too high for the Fed to relax.
₿ Bitcoin: $BTC is trading around $79–81K, supported by strong institutional demand. US spot Bitcoin ETFs have attracted roughly $2.5B over seven trading sessions.
The real test now: can Bitcoin hold $80K if Treasury yields and the dollar move higher?
🇺🇸 US Macro: PCE inflation remains around 3.7% YoY, Q2 GDP growth slowed to 1.5%, and consumer momentum is weakening. At the same time, manufacturing remains strong.
That creates a difficult mix:
Inflation sticky → Consumer slowing → Fed flexibility ↓
🤖 NVIDIA: revenue reached $96.2B, confirming that AI compute demand remains extremely strong.
But the AI investment thesis is evolving:
Models → GPUs → Memory → Networking → Cooling → Power → Data Centers
The next big opportunity may increasingly be in AI infrastructure, not just models or chips.
🇨🇳 China: weak domestic growth is now being combined with energy-security risks as Middle East tensions disrupt oil flows into Asia.
🎯 My view: NVIDIA removed one major market concern — AI demand is not slowing yet.
Now the biggest risk moves back to the bond market.
Watch:
Jackson Hole → 2Y/10Y Treasury → DXY → Nasdaq → Bitcoin
If $BTC holds near $80K despite higher yields and a stronger dollar, the alternative monetary asset narrative becomes much more interesting.
The question is no longer:
“How strong are NVIDIA and #Bitcoin ?”
It’s:
“How high can interest rates go before they start to break them?”
Markets are facing an interesting conflict: AI growth remains extremely strong, while US inflation is still too high for the Fed to relax.
₿ Bitcoin: $BTC is trading around $79–81K, supported by strong institutional demand. US spot Bitcoin ETFs have attracted roughly $2.5B over seven trading sessions.
The real test now: can Bitcoin hold $80K if Treasury yields and the dollar move higher?
🇺🇸 US Macro: PCE inflation remains around 3.7% YoY, Q2 GDP growth slowed to 1.5%, and consumer momentum is weakening. At the same time, manufacturing remains strong.
That creates a difficult mix:
Inflation sticky → Consumer slowing → Fed flexibility ↓
🤖 NVIDIA: revenue reached $96.2B, confirming that AI compute demand remains extremely strong.
But the AI investment thesis is evolving:
Models → GPUs → Memory → Networking → Cooling → Power → Data Centers
The next big opportunity may increasingly be in AI infrastructure, not just models or chips.
🇨🇳 China: weak domestic growth is now being combined with energy-security risks as Middle East tensions disrupt oil flows into Asia.
🎯 My view: NVIDIA removed one major market concern — AI demand is not slowing yet.
Now the biggest risk moves back to the bond market.
Watch:
Jackson Hole → 2Y/10Y Treasury → DXY → Nasdaq → Bitcoin
If $BTC holds near $80K despite higher yields and a stronger dollar, the alternative monetary asset narrative becomes much more interesting.
The question is no longer:
“How strong are NVIDIA and #Bitcoin ?”
It’s:
“How high can interest rates go before they start to break them?”
