Market moving insight and analysis. Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer at Post 9 at the New York Stock Exchange. Faber has the morning off.

Future stabilizing a bit after Monday's decline with the focus once again on AI and tech. We'll get Marvell tonight. Bitcoin up

2% after the worst day since March. Watch the long bond as well. Four and three quarters, that's

almost a three-month high. A roadmap begins with the market setup as investors look to crypto as a

risk barometer. Bitcoin is bouncing back after hitting those lows. The AI wars definitely heating up. Open AI,

Sam Altman, reportedly declaring a code red to improve Chad GPT as Google threatens its lead.

And Big Short investor Michael Burry reviving his short against Tesla, calling the stock, quote,

ridiculously overvalued. Let's begin with the markets, though, as stocks and Bitcoin try to rebound from this rough start

to December, Jim, Bitcoin was notable when you're going back to March.

Right.

Look, I think people first have to recognize that Bitcoin itself is pervasive within our stock market.

There are so many different elements, whether it be Bitcoin miners,

whether it be a Bitcoin, a bitmine immersion, whether it be zero-day options, the 2x, 3x.

So people have to get out of their heads and realize this is big, okay, and that's why we talk

about it. Second, there is a break the sailor, which is, of course, Michael Saylor,

attitude among some people, which is the micro strategy, now strategy.

People think that if you can break them, you can break anything.

You've looked at stocks from great down.

They put out a lot of stories about what would happen,

whether they'd sell some Bitcoin.

That's perceived to be the big, big break. But what's so

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