The Al Bubble Is A Lot Worse Than You Think

"In 2025, those AI tech companies are going to spend roughly $330 billion to build things like data centers, GPU farms, and all the stuff that they need for AI."

"In order for AI companies to justify their valuations, in other words, what the price of their stock is today, those companies would need to make around $2 trillion a year in revenue."

"AI has already been priced as if it's going to become the biggest money-making engine in the history of capitalism, bigger than every major tech company today combined."

"If AI capex as they call it, by the way, capex stands for capital expenditures. Anytime you hear capex, just remember spending. If AI capex slows down, the US economy slows down."

"Ben noticed is that when Bitcoin is in a bull cycle, it's always stayed above that line. But when Bitcoin's price goes below that 50week moving average level, that marked the end of the bull cycle and the beginning of the long cool off period. That's what people call the bare market."

"But recently, the Fed told us it's going to end quantitative tightening sooner than expected. They're going to end it on December 1st."

"Investors look at an early end to the QT as if something somewhere in the financial system might be struggling."

"So, it reacts first. So, there's a possibility that the stress signal shows up in Bitcoin before it shows up in the rest of the market, which means the rest of the market could eventually follow."

"If this turns into a sideways market, however long it lasts, I think my dividend income will do really well. That's when it pays off to be a dividend investor."

"I think we could be in the beginning of the next industrial revolution, if you will."

"eventually everything corrects just like it did in the dotcom bubble when the internet was going to be the future. And what happened back then? It all crashed. The bubble popped. But the internet did become the future."