How Long Will the AI Boom Continue? The #1 Question for Crypto Investors | Michael Nadeau

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Tech News, Technology, News

4.7 • 1.2K Ratings

🗓️ 12 May 2026

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

AI stocks are ripping, crypto is following, and the question is whether this is the next leg higher or the final frothy phase before a reset. Ryan and Michael Nadeau break down why Bitcoin is so tied to the NASDAQ right now, how today’s AI boom compares to 1999, and what investors should watch if the bubble keeps inflating or finally starts to burst. Michael Nadeau & The DeFi Report: https://x.com/JustDeauIt https://bankless.cc/BTDR-RSS --- 📣THE DEFI REPORT | 20% OFF ANNUAL PLANS https://bankless.cc/BTDR-RSS --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS & RESOURCES 0:00 Intro 1:48 The Bubble Debate 3:16 Defining the Bubble 4:33 Historical Perspectives on Bubbles 7:20 AI's Growth and Market Narratives 8:46 Technology Hype Cycles 11:21 Current Market Analysis 12:08 Understanding the Shiller PE Ratio 15:09 Revenue Growth Forecasts 18:19 Theories Behind Current Market Conditions 20:44 Analyzing Profit Margins 23:53 Price vs. Fundamentals 27:26 The Role of Market Sentiment 31:30 Historical Market Patterns 32:32 Lessons from the Dot-Com Era 35:17 Market Concentration and AI 39:38 The Future of AI Investments 41:45 Capital Flows in Tech 49:31 Geopolitical Implications and Market Behavior 53:25 Investor Positioning Strategies 1:04:30 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Transcript

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0:00.0	Bankless Nation, a relevant topic for crypto investors at the moment. I think actually the most relevant topic, the most important question for us right now. How long will this AI boom continue? Are we in an AI bubble? What's going to be the outcome for our crypto assets. I have Michael Nato from the TDR podcast and
0:23.0	the TDR research on the episode today. And we're going to discuss this. Mike, how are you doing?
0:28.3	I'm doing great, Ryan. How are you? I'm doing great, man. Hey, this episode really came from a discussion
0:33.9	that we were having after we were done recording the TDR podcast last week,
0:37.6	and you showed up this slide, which was Bitcoin versus Nasdaq, the correlation by year.
0:43.2	You said that crypto has never been more correlated to the NASDAQ than it is right now in
0:49.1	26.
0:50.6	And we see right now crypto prices were kind of being pulled upwards, it seems, by an incredibly
0:56.3	strong tradfine market, in particular tech stocks have been booming.
1:00.9	So is it like up 25% the QQQ?
1:04.2	Yep.
1:04.4	Since the, was it March or April lows?
1:08.5	Yep.
1:09.2	Yeah, it was like March 30 lows or so. I mean, so all of this
1:13.3	led me to believe in our discussion we were talking about this. It just seems like crypto is being
1:18.2	pulled up by the stock market, by the AI trade specifically, by the NASDAQ. And so if that's the
1:24.9	case, if our future, at least right now in this current regime, is dependent
1:29.4	on the AI boom, I think the most relevant question for us is like, is that going to continue?
1:35.7	How long will the AI boom last? And you prepared some materials to help answer that question,
1:44.1	or I look at, let's say, both sides of the
1:46.8	equation here. But let's start there. I mean, do you think that is the most relevant question
1:51.2	for crypto investors right now is kind of where's AI going to go? Yeah, I mean, you know,
	...

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