BITCOIN MIDDAY… $BTC $ETH $IREN - alike investments, BIG PETER

Hosted by @peeks · 2026-05-09 · Tags: BTC, ETH, IREN

TLDR

The speakers were strongly bullish on AI infrastructure and IREN, arguing that Nvidia backing, Mirantis software capabilities, constrained GPU supply, and rising hyperscaler budgets could broaden institutional interest. They disagreed on crypto’s relevance: Silent Capital viewed Bitcoin and Ethereum as stagnant compared with AI, while BitcoinAIGuy argued that apathy is a long-term Bitcoin buy signal and favored rotating AI-equity gains into durable assets. Short-term concerns included IREN dilution, elevated QQQ indicators, contract uncertainty, and severe volatility across smaller data-center stocks.

BitcoinAIGuy characterized Bitcoin as a durable long-term asset that institutions accumulate despite its slower growth relative to equities.
The host said Ethereum represents roughly 60% of his portfolio but has created substantial opportunity cost and underperformance.
IREN’s elevated trading volume was interpreted as a possible shift from niche Bitcoin miner to institutionally followed AI infrastructure company.
The Mirantis acquisition was presented as adding Kubernetes and software orchestration capabilities that could improve IREN’s margins and customer reach.
Nvidia’s relationship with IREN was viewed as technical validation, a source of credibility, and a way to secure expedited GPU deliveries.
Silent Capital claimed hyperscaler demand is growing faster than supply and suggested that negotiations involving IREN may be underway, while carefully labeling this as alleged.
Silent Capital remained bullish on IREN but warned that an overextended QQQ and profit-taking could create near-term turbulence.
Smaller AI data-center companies were described as useful short hedges because weaker operators could fall more sharply during a correction.
BitcoinAIGuy argued that wealth generated by AI could eventually rotate into Bitcoin, gold, real estate, and other durable stores of value.
Both principal guests emphasized operational execution, disciplined management, and tolerance for extreme volatility over short-term price movements.

Speakers

@peeks — Hosted the discussion, raised questions about Bitcoin, Ethereum, fintech, IREN earnings, dilution, Nvidia, Mirantis, and potential hyperscaler deals. He disclosed a large Ethereum allocation, described firsthand exposure to data-center construction, added humor, and repeatedly cautioned that guests’ claims were not verified financial advice.
BitcoinAIGuy — Argued that Bitcoin is a durable multidecade store of value, contrasted it with faster but less certain growth stocks, and presented IREN as an emerging institutional AI infrastructure and cloud platform. He emphasized management quality, long holding periods, rotating AI gains into Bitcoin, and enduring extreme volatility.
Silent Capital — Said crypto no longer excites him relative to AI and highlighted Ethereum’s opportunity cost. He explained Mirantis and Kubernetes, praised Nvidia’s validation and supply relationship, discussed hyperscaler demand and contract complexity, claimed industry visibility through a senior hyperscaler role, and described hedging IREN with shorts in smaller data-center stocks.

Notable quotes

“When it comes to financial technology, I think the elephant in the room is Bitcoin.” — BitcoinAIGuy
“Stocks are growth, right?” — BitcoinAIGuy
“If anybody here doesn't realize, I have about 60% of my portfolio in Ethereum, it's actually **** in the damn bed.” — @peeks
“I think AI investors have 10 times more money than your traditional crypto investor, right?” — BitcoinAIGuy
“You know, I think the thing about Bitcoin is it doesn't excite me anymore. The reason being is Bitcoin was the innovation of the 2010s and the innovation of the 2020s is AI. And a lot of my smart friends, a lot of my people who have capital, no one talks about Bitcoin anymore. It's irrelevant. It's never discussed anymore, crypto, Bitcoin, or Ethereum.” — Silent Capital
“I think we're early, I'm not afraid of the 6 billion dilution.” — Silent Capital
“There's enough money to go around and more and more money is being allocated to these budget pools.” — Silent Capital
“I work for a hyperscaler that's in contact with Iron.” — Silent Capital
“I tweeted today, I think it's possible to get 100x within 10 years by investing in AI equities and rotating gains into Bitcoin strategically.” — BitcoinAIGuy
“Volatility is vitality, right?” — BitcoinAIGuy

Transcript

@peeks: What is up fellow investors of the crypto equity markets alike investment and A data center build out. We got Bitcoin AI guy. We got Melon here. We had another listener, Chad Slimes here, man. I just don't know about that guy, but I'll let him up here anyway. Bitcoin AI guy. Let's go. Let's rock and roll. Build a room. I will not have Internet connectivity issues because I will not be close to Wi-Fi, so that should be no problem today. Phone is on 60%, so we at least got an hour in us. Been having a lot of technical difficulties here lately on these spaces. Let's leave that up to God and me. I am having some issues. Bitcoin Aga, how you doing this morning? Maybe it's afternoon.

BitcoinAIGuy: Yo, how do I know we're not going to get rug pulled? This is ridiculous.

@peeks: Yeah. That's for me to figure out and for you to just wait and see. No, honestly, man, I'm on the road. I did this space last week on the road, so we didn't get pulled then. So I do know that it's at least happening. I do know we can at least do it a little bit. So let a few more people hop in here, keeping it casual for now. I've been looking around. It seems the Iran war is escalating. We got a big week tomorrow. I mean, not tomorrow, but next week. We got a lot of economic data coming out. Trump and Xi is meeting. We have some earnings coming up. How do you feel about HIMSS? I know Mike Alford is a short spokesperson for it, but it's had a weird little run here the past couple of weeks. Before we jump into the weeds of, you know, crypto equity markets like investments in AI data center build out, I just want to keep it casual for now. Do you buy ***** pills?

BitcoinAIGuy: We don't talk a lot about my Peter, you know, at least publicly on a recorded space. You know, we don't we don't do that. I don't have an opinion on him. I think the marketing is cool. I would rather own the, the companies that are actually developing and own the intellectual properties and the assets, right, that can produce the medicine. I think those are more durable. long term plays, but that doesn't mean HIMSS can't be a good company, right? There's so many marketing companies that are worth billions of dollars. So, no, I don't I don't have a opinion on HIMSS earnings. There's a lot of hype about it, which is always fun to see, like just, you know, where retail is going, like reminds me of Hood, you know, Palantir, Tesla, MSTR, Iron, right? You're just going to have these camps with retail stocks, you know, GameStop, AMC, et cetera. I think it's just another one of those cult stocks that could be really good, right? I mean, maybe it could 10X, I don't know. I don't have any alpha.

@peeks: Yeah, we got Chad Slime here. You know, with Chad Slime, you got to trust 50% of what you see and nothing of what you hear from that guy. But from what I've heard from Chad Slime, he is invested a little bit in the hood. You know, Fintech is an alike investment to crypto. It does move in similar fashion. It does platform a lot of retail users to get in these Bitcoin AI mining stocks and data center alike. Build out stocks. What do you think about fintech hood so far? Do you have a opinion on either or?

BitcoinAIGuy: I think when it comes to fintech I'm more excited about you know Bitcoin Right It's not it's not a fast growing equity It's a slow moving durable asset Right Stocks are growth, right? Like they move fast, high velocity, you know, you can make a, you know, three 10x in three years, right? Like those are the type of growth plays that attract a lot of hot money, right? When it comes to financial technology, I think the elephant in the room is Bitcoin. It's, you know, already a trillion dollar network and, you know, It's it's not growing 10x a year in in fiat dollar terms. So people aren't as excited about Bitcoin. And because but I think that's that's that's that's why institutions are accumulating it. It's it's durable. Right. And it's here to stay. The network is getting stronger, the more energy is in the is in the system right and uh I think over a longer period of time 10 20 30 years it's going to look obvious like oh yeah I should have bought Bitcoin at 100K 200K uh it's going you know it's now at a million 2 million 20 million uh that's that's what's exciting right like the things that people are apathetic about that are still good ideas those are Investments right those are long-term stores of value uh you know sofi and hood you know that that's like hot right these are uh growth plays that uh people are talking about today they might not be around in 10 20 years right uh you know they got the juice right uh Bitcoin's got the sauce you know sauce is here to stay right so that's that's uh what I'm focused on when it comes to Investments it's What's what's going to last another 10 years, 20 years, 30 years, 40 years. Those are the durable plays that people rotate their hot money profits into after they, you know, come into some money. They sell a business, they get a fat payday, right? They sell some product or service for their company. They get a commission and then they, you know, they use that money to, to buy durable assets, to buy a house. They buy rental property, they buy S&P, they buy gold, they buy Bitcoin. You know, they you score a big win and then you rotate that into something that's going to last. That's what wealth creation is, right? And that's that's how you know, that's how people stay in power by, by accumulating wealth and durable assets, not by, uh, you know, like anyone can hit a parlay, right? Like, uh, or, you know, you, you, you win one scratch off, you, you know, you win one lucky trade, right? Everyone gets one of those, uh, in their career, right? And that money tends to fizzle up and disappear. Unless you know how to grow it and invest in it, invest in it properly. So that's the financial technology I'm interested in. It's the thing that people don't care about because it's moving too slow, but it's not really moving slow. It's just that most people want to make a 10x in a year. or two or three years, but making a 10x in 7 to 10 years, that's still a good trade.

@peeks: Yeah, 100%. Very good trade, very good. CAGR, you know, I actually have a very good trade open right now. Had $21 in the old poly market, threw it on the House of Representatives for the Republics to win. That $21 is now $35. That actually, in a percentage value, has returned me more than my Ethereum holdings. If anybody here doesn't realize, I have about 60% of my portfolio in Ethereum, it's actually **** in the damn bed. A lot of opportunity costs there, but I'm gonna hold it for two or three years and I'm gonna see it through. Just how I saw my girlfriend through. She was a six when I met her. Hit her with an Ozippic pin. She's now an eight. I love her to death. For the new people in here, she's looking at me right now. I'm about to get smacked, y'all. For the new people in here, guess what? This is where you'll come weekly, if not daily. I try and I try and I try to get these spaces up. I have some connectivity issues. I got some internet issues, but all I can result in that conclusion right there is we need more compute. We need more power. This is where you'll come weekly, if not daily, for the alpha, for the major hitters. This is where you'll come weekly, if not daily, for understanding the technology driving the crypto equity markets like investments in the AI data center build out. We got Bitcoin AI guy here. Very big bull. Very major hitter. We got major alpha on the stage right now. I ran earnings was last week. We had to deal with Nvidia. There's dilution scares. What are you interpreting from all this? What are you concluding? What do you think about the 100 million volume traded? What was that, yesterday?

BitcoinAIGuy: Yeah, I think, you know, it's too early to say definitively what's going on based on one day of trading. If this volume level sustain, like if this is the new normal, right, which I don't know, it could be over the next year or two, it just means that there's more eyes on Iron in particular, right? Just like you're seeing with MSTR, right? Like you saw the trading volumes explode as the stock did a 30x. So it just means there's a new regime right? That it's going from a niche Bitcoin mining stock sized company into a larger, more institutional and more, you know, it's expanding into a different set of investors. I've said this before, I think AI investors have 10 times more money than your traditional crypto investor, right? Right. Maybe a hundred times more. Uh, and, uh, I think that those deep, deeper pockets are just, uh, just discovering iron. I was talking to, uh, one of my friends, uh, I have a close friend group, but I used to live in San Francisco. Uh, and, uh, well, one guy's from Nvidia and this other guy's, uh, software engineer, software developer, and we're in a group chat. And I've been talking to these guys about iron since it was, you know, single digits. And they were laughing at me, like, why would you invest in a construction company? And I don't know about this Bitcoin thing, right? And then Bitcoin went from 15 to, you know, 100 plus K. And then I was like, guys, like the same idea is now transforming into one of the major bottlenecks for AI. And they laughed at me, like the guy from Nvidia laughed at me, the guy from the other software developer, you know, laughed at me. And, you know, like, I held my position and eventually they bought, they bought Irid, because they just saw the stock price pumping, last year. And they're like, I've never made so much money so quickly. I was like where were you at single digits right uh but recently after the Mirantis acquisition you know when Iran acquired that software company uh the software developer messaged me he's like yo man like I'm I'm now more bullish on Iran and I was like why is that and he's like well now I understand what they're trying to do uh Before, I was like, he just thought that they were building data centers, which they are, right? They are a construction company as well. But he wasn't extrapolating those numbers on bare metal. I mean, it's a great business, high margin business in itself. But the opportunity to expand and add additional services to increase profits by two to four X, that's accretive, right? So they raise money, they use their cash to acquire a company that can make them up to four times more profit per unit of energy that they control, and they have a ton of power. So yeah, I mean, that's an established company that's been vetted and vouched by Nvidia. And, you know, that's a traditional software business, right? That software engineers are familiar with, right? It's a it's a traditional business that's been around for more than a decade, maybe two decades. So that's why I like his perspective is valuable to me because, you know, my circle really on Twitter is finance heavy, right? We're not We're not like all, there's some software technical people, right? But we're mostly finance focused, right? We're focused on making money. We're focused on compounding capital. We're focused on great durable business models, right? And, you know, understanding that technology is not the hardest part. And, you know, when I talk to pure technology people, They just, you know, they think we're dumb. They're just like, you know, they were simpletons, but really, you know, we're the ones making all the money. So I'm happy being the simpleton. But when my, you know, technical friends tell me like, hey, this is bullish, that's not just the price action. telling them to be bullish. It's their understanding what's going on with the business, finally. So I think this is a new regime, right? I think there's a lot of news to be digested in that short period of time. And, you know, eventually the market's going to price it out. But I think there's going to be more news coming. So I think they're just ready to see or sorry, they're ready to deliver some bigger things. And we could speculate on what that is, you know, maybe new stuff in Australia being announced, maybe a deal with Anthropic, Google, whatever, I don't know, a sovereign AI deal. These are things we can just, you know, speculate on and have speculated on. But now the story makes more sense for your traditional technology tech investor, right? So that's what I'm excited about. It's not just, you know, 20, 30% of Bitcoin, Twitter interested in iron. It's, you know, every tech investor that has trillions of dollars in capital institutions, retail, that are now discovering this next big cloud company that could be the next Amazon, Google, right? And it's just in its early days, but it's not like this is like a brand new thing. This is an established industry, right? Like, what was unique about this space just a few years ago when it was just a Bitcoin mining space, like no one's ever seen publicly traded Bitcoin mining companies before. This is a fairly new idea. So and Bitcoin, given its fundamentals, like with the halvening, the income is for minors gets cut every four years. So the market didn't really give it a high multiple. These companies weren't really well run as a category. And, you know, they got very low, you know, they were very low trust companies and very highly volatile. And they were they were just seen as pump and dump companies. And, you know, so it was largely ignored by, you know, the Bitcoin community, the investor community, the tech community, the institutional community, banks, they didn't want to lend to them. It was just a bad place to be, right? And you had to be like, you know, like borderline ******** or just gambling just to, you know, just to be in the space, like, which I was one of those people, right? I just happened to pick like, you know, the tallest ******* from the bunch and make a lot of money. But now, sophisticated capital, smart people, these are two different groups, right? Sophisticated capital, smart people, and those with, you know, investors of the very long time horizon are now seeing these companies as more investable. They're giving them money, you know, institutions, banks are giving them credit, right? And that's new. No one wanted to lend to a Bitcoin miner a few years ago, right? Like crypto was an evil industry, right? According to the banks and the government, right? Like no one trusted. any of these companies, right? Like Dan Roberts made a post yesterday that even us, like when he's trying to list in the Australian exchange, right? When, you know, to get IRA in public in Australia, they didn't accept them because they didn't trust crypto, right? But I crypto was the first part of the story, but it wasn't the entire story as we can see today. And now Iron's at 20. billion dollar market cap company right on its way to a trillion dollar Enterprise and Australia missed out on all of those opportunities because it didn't support Innovation right uh and who benefited from that America benefited you know the NASDAQ benefited American investors largely benefited uh you know when we talk when we host these spaces we're in these group chats you know uh 99, 95% of these people are not Australian. That's a missed opportunity that Australia failed to capitalize on for the benefit of their citizens. It's pretty sad, right? I would have expected a lot more Australians to be iron bulls, but I just don't see that many, right? So, you know, I'm rambling now, but yeah, I think this is a new regime again. And, you know, we're going to attract a lot more people and we're already seeing it. Like, if you look at some of the other, you know, ******* that are invested in some of the lower tier Bitcoin miners, those posters are dumb and broke. There's a reason why all the ******* are bag holding the worst companies because they're they're dumb, right? And there's a reason the smart people or seemingly smart people are Twitter are making all the money because they're they're basing their thesis off actual good ideas. And companies that have a, you know, an honest or or, you know, at least a leadership team that could execute, right? So I think you're going to see more sport people talking about IRID and it's going to become like the next Palantir where, you know, it just keeps going on this run. And I think the Colt is just going to get bigger, right? I think it's still pretty niche and small relative to where it's going to go.

@peeks: Yeah, I could definitely see that happening. You know, for people new in the room, people don't understand, actually, my job is correlated with these AI data centers getting built. I'm a professional in the industry. I'm seeing them firsthand, how the infrastructure is getting built, how it's getting constructed. There's a lot of things happening right now. There's a lot of money going into it, and it's raising the quality of life of a lot of people. A lot of what he's saying is very true. Hey, I might, you know. be good for generating Will Smith's videos to eat spaghetti, but into the future, we are seeing more and more use cases, more and more innovations on top of technologies that we use in our everyday lives. We got some Major Alpha just entered the room, Silent Capital. I understand you're a big Iron Bull. Do you want to touch on anything he said? Do you want to give your own spill what you think's going on? I understand some months ago you said there was going to be a deal. Can you touch on any of this?

Silent Capital: Yeah, yeah, yeah. Thanks for having me, guys. And I joined a little bit late, so I only heard the last spiel of what Bitcoin AI guy was saying. But I think the three topics we have today are Bitcoin, Ethereum, and Iron. Let me start off with Bitcoin. For Bitcoin, we were extremely bullish. I was extremely bullish like the past few years. And I've been an investor since like 2014. And back then, I first bought my Bitcoin because you needed to buy Bitcoin to purchase steroids off the dark web. So there was a website called iFitForLife that would sell steroids, like anabolic steroids. And you could only purchase them through Bitcoin. So yeah, that's how I got into the industry. I bought my first Bitcoin at $200. And then around when it was $1,000, I guess when I really started getting heavy. You know, I think the thing about Bitcoin is it doesn't excite me anymore. The reason being is Bitcoin was the innovation of the 2010s and the innovation of the 2020s is AI. And a lot of my smart friends, a lot of my people who have capital, no one talks about Bitcoin anymore. It's irrelevant. It's never discussed anymore, crypto, Bitcoin, or Ethereum. If you look at the Ethereum five-year chart, we're back to 2021 highs, pretty much. So there's been no growth. If anything, it's underperformed the S&P by 70%, a huge opportunity cost. So I would say that I'm not interested in the crypto industry anymore, and that could change. But I just think that the Bitcoin market is so saturated now in terms of these institutional investors. and BlackRock, Vanguard coming in with their Bitcoin ETFs, that it's very manipulated now in terms of the price will only go where they allow it to go. We retail investors can't really control the price anymore. So that's that. I'm really interested in Iron. I love their deal with Nvidia. I think it's really important when they come to these negotiation tables that they have some backing. You know, a lot of these different charts came out and these different studies show that Iron was at the bottom of the totem pole in terms of their NeoCloud like services, whereas like Quartz Weave was at the very top and NebuWiz was second from top. And I think it just adds a lot of credibility. If Nvidia signs a deal with you and expects you to grow your portfolio to five gigawatts of power in terms of like a capacity that's actually being used, then it just shows that Nvidia did their due diligence and the customers will follow suit. That's like saying you're a Microsoft vendor and Microsoft themselves made you a Platinum Partner, for example. Then a lot of other companies will give you that credibility because they've done the vetting. I wish I got to speak yesterday or a couple of days ago during one of France's channels. I tried getting in, but there was just so much discussion I didn't want to interrupt. The whole Mirantis acquisition is very interesting. Everyone keeps saying Mirantis is like a Kubernetes company, but a lot of people don't know what that means. So let me explain it really quick. So Kubernetes is like the conductor of an orchestra. So the conductor will tell which section, like the violin, viola, cello, or the basses, like when they need to perform and when they need to either speed up or slow down, et cetera. That's what Kubernetes does. It's a conductor of an orchestra. It conducts which compute we need more and which we need less of, right? For example, if I'm using, if Cloud, like, if Cloud code is very high demand right now 00 to 5:00 PM during work hours, Kubernetes would orchestrate and give more compute out of the entire Pi to Cloud code, Right. But for example, in the mornings, like maybe cloud coworking could have a higher demand or cloud design can have a higher demand on the weekends, for example. So that's the whole purpose of it. And the limitations that Iron was facing from a software perspective is these hyperscalers we're mentioning, not just hyperscalers, but any like new labs. And you have to think there's a lot of seed funding. There's a lot of... younger companies that are all building products, right? It's really easy to build a product nowadays with the help of AI, but it's very difficult to get that product trained and get the most refined version of that product. So young companies can start a product. You can get funding like anything. There's unlimited funding right now is what I'm seeing. And a lot of my friends work in venture capital and investment banking. Myself, I work for like a hyperscaler. So I have like, I thought maybe I shouldn't have said that, but I have a lot of like, yeah, I'll stop right there. Yeah, I'll stop right there. But back to the Mirantis topic is Mirantis helps unlock those smaller companies to work to join the Nvidia, not the Nvidia, sorry, the Iron Neo Cloud. And those smaller companies, they have funding, they can pay you like a hundred million a year for some of your compute, but they can't bring the software that enables that. So those 1500 customers from Mirantis, they're primed to accept an offering from Iron as well. So I think the whole purpose of Iron doing that acquisition wasn't to like get on a deal with a hyperscaler. It was to get accepted by NVIDIA and have NVIDIA's backing because NVIDIA said, Hey, listen, you meet all the checkboxes, but we don't see a software solution from you guys. So NVIDIA, so that Mirantis acquisition solves that issue. And then I think what's really important is we don't want to be bullied by hyperscalers because they're the ultimate customers. There's only like around 10 customers, 10 major customers in the entire like AI, HPC sector, and most of those are hyperscalers. and sovereign entities. So we don't want to get bullied by them by saying, hey, we'll just give Nebuos a deal or Coors Weave or Wolf or Cypher or any other hyperscaler. We're going to give them a deal instead of Iron because they're a little bit better on terms, right? We want to stick to what has made us great, which is discipline and not bending over to these customers so easily, right? And you can see that with NVIDIA, how we have a $7 per share option for them, which is above the premium. And I believe that was negotiated when the share price was around $44, $43, which is like a significant premium, right? Instead of giving them equity outright and having immediate dilution, we're telling them, we'll give you future dilution, but in return, we need your commitment that we're going to get 600,000 GPUs delivered, and we need your commitment that these deliveries will be on an expedited schedule. The whole reason for the Horizon and the other HPC delays from adding to our revenue is the GPU part. The energy infrastructure is built, but we're not generating any revenue until GPUs are plugged in. So I think that was a strategic move by IRAN to partner with Nvidia because we need to scale that timeline. The same way how NetViewis has early access to Vera Rubens, we need that same early access because if we can get them a month sooner or two weeks earlier in terms of the delivery timeline, that's like $50 million of revenue, $100 million of revenue. like that we could be leaving on the table. Like for every week of delay, it could cost the companies like hundreds of millions of dollars. So that's really important that we have that partnership. I think another deal is on the way. The good thing about Iron is they're strategically awaiting. The reason being is that if you look across the industry, even for co-location deals, they're getting like these hyperscalers or these AI HPC like vendors, They're getting paid more per megawatt of power they dedicate to these hyperscalers. You can see it on co-location deals. You can see it on the latest NVIDIA deal with Iron compared to their terms that they had with Microsoft. They're getting more and more lucrative. You can see it from the H100s or the other GPUs, like their rental rates are going parabolic. It's really expensive to rent GPUs now. If you were to go to hypothetic like Amazon, like AWS or Azure and tell them you want to spin up a instance of like GPU power to train your interface or your program or whatever, it's getting very expensive, right? It's because there is a supply constraint. And I think that's the leading indicator of the demand that Iron is going to be able to generate. I think we're early, I'm not afraid of the 6 billion dilution. Last year, the company was in a much smaller market cap, let's say like 3 or 4 billion market cap, and they had a 1 billion ATM, right? We're kind of in the same scenario. Our ATM is maybe 25% of our market cap. Back then, in November, the ATM was 25% of the market cap, and you saw what happened next. They ran up 10x. So I think there's a lot of good things happening right now for Iron, and I remain bullish. I think there might be some turbulence. The reason being is I'm concerned with the QQQ. I feel like the QQQ is way too overextended from its like 50-day moving average. And that could in itself bring some profit taking and some selling. So we could see some short-term distribution, especially like in the $60 range because a lot A lot of quote unquote bag holders who bought the top in November, they're going to be looking to get out at this range as well. And I saw some people posting on X saying, hey, I just sold my position. I bought last November at 72, and I just sold it during earnings at 72. It's going to happen. But I think what I did is I'm shorting some other data-- I'm not shorting Iron, but I'm shorting other data center stocks right now. as a hedge to my iron position. And it's not a huge short, but it's like a good amount where if we do have some short-term turbulence, the smaller companies will fall faster than the larger companies, right? So those companies that are like $200 million market cap or less than a billion, they're going to drop 50% versus iron might drop 20% or 30%. So that's why I'm positioning my shorts in those companies just as a hedge. Just to be clear, I have a short on SLNH that I opened on Friday at close pretty much at $1.84. Even if I'm short squeezed, I do not care. The stock has to hit like 10,000 for me to get margin called. That's how little of a position my short is. But I think a lot of companies are trying to get into AI HPC because they want their stock price to appreciate, like the best example is Allbirds. They jumped in, their stock went up 8X, and now it's retraced most of that move. So I think a lot of these, I think it's, there's enough demand where a lot of companies can win in the AI HPC space. But the losers, the phonies that Mike likes to call them, they're going to be exposed and they're going to like burn out, right? You know, the same way like with Bitcoin mining companies is the ones that operated the best, cipher and iron, they're performing way better in terms of their actual profitability from Bitcoin mining. But the, you know, the fat girl with makeup, for example, Like with Mara, like performed really, really terribly. Even though like people were thinking, hey, this is a five billion market cap, iron's a one billion market cap, it's probably much safer. But size doesn't bring you safety in this industry is what I've realized. It's operations, like operational excellence. So although like, like I know we like to argue a lot with Nebulous and they're following. But although Nebius is a $40 billion market cap and Cords Weave is like a $60 billion, that doesn't mean they're safer plays than Iron, which is at $20 billion. It's all about the execution and the leadership team that actually makes commitments and executes on those commitments on the timeline. Because the biggest risk right now for AI HPC companies is timeline, right? If you don't execute on timelines, you push your revenues further out. And there's a fear that if your revenues go too far into the future, they're actually going to start compressing. This is the golden time to make money renting out your GPUs or with your Neo Cloud, not in 2029 or 2030. That's when a lot more power will come online. Meta will have finished building their nuclear power plants by 2032 through 2035. So by then, energy will be in an abundance, in my opinion. especially if SpaceX can get data sensors in orbit, because that would just be insane. That would have zero energy cost, right? Zero energy cost, maybe zero cooling cost as well. So, yeah, I know I mentioned it a lot. I would remain bullish. I would hedge a little bit because of what the QQQ is showing me. Iron range chart is not looking bad. It's not overextended. It's not ugly, but the QQQ, like the RSI is that like a very, very high number, like above 82, which has only been seen like three or four times over the past like several years. And each of those times the RSI hit that number, there was like a sharp correction over the next, not next week, but next two months. So we could go a little bit higher, but in two months, I'm thinking the whole sell in May and go away is going to actually play out in the market. So right now we're euphoric, everyone's buying. But near the end of the month, I think some selling will occur. And then in June and July, especially at the end of July, I think there's a good time to get back into the positions, especially when companies announce their fiscal year 2027 budgets in terms of their AI HPC spend. You know, these hyperscalers, every quarter, they show their earnings report and their budget for HPC buildouts continues to increase. And that's like the most bullish signal in the whole industry. There's enough money to go around and more and more money is being allocated to these budget pools. That's really all I have.

@peeks: Yeah. Thank you for coming up. You know, there's three or four or five things I want to touch on that you just talked about. First, you know, people that got in the Bitcoin at 200 had big balls. Some people that got in the Bitcoin at 200 wanted to shrink their balls. I hope the steroids did you all right. It's all love coming from me. I'm just a good jokester. You know, your perspective on the Nvidia deal. A lot of people don't like it. I do like the bit you said where just getting respected by Nvidia was in itself. So, you know, stepping up to that main stage, getting respected by these hyperscalers, that is very important for a underdog such as IRIM. Moving forward, can you touch on, from what I understand, you said there may have been an anthropic deal in the works. Can you touch on that? I think it's very important to know, you said you worked for a hyperscaler. I don't want to get too much into the weeds of that, probably signed NDAs, other things like that. And I know there's a lot of rumors that spread amongst the back channels of those major corporations. But what do you think? Can you touch on that at all?

Silent Capital: Yeah, I can give you some light on that, but not in details like you're expecting, but I work in a senior position at like a Mac 7 company, a hyperscaler. to be specific. And I'm senior enough to where my compensation is over like a million dollars a year. If that gives you any insight of how senior I am. And. And what I'm seeing is. Yeah. Let me let me think of my words really carefully here. So these negotiations, these contracts, they don't just happen like very quickly. There's a lot of nuances to them. And they're constantly being stopped at the last minute to see if there's more wiggle room for expectation to change in terms of the terms of the agreement. And for example, with Anthropic, they've been growing at such an exponential rate that their initial contract that they had all drafted up for February, for example, that's out the window because all of a sudden we have triple the customers or quadruple the customers now. So that contract isn't, it won't suffice for what we need, right? So in a sense, it gets scrapped or retrofit and to, hey, now we need a bunch more. How can you deliver that? And You know, working at a hyperscaler, this is like the challenges that I'm seeing is that their demand is growing faster than we can supply. And their demand expectations are changing so rapidly that whatever contracts we draft for them, they're becoming like outdated within a few weeks, a few months. Right? All of a sudden, like, because the industry is like evolving so quickly and rapidly, there's a lot of innovation in terms of like CPUs and GPUs and everything in between, that it's like these Frontier Labs, they want to have the best like GPUs and the best interface. they possibly can because of how competitive it is between Anthropic and ChatGPT. And the stem of that is really their coding solutions, like Claude Code, like their Opus and Sonnet models, and then ChatGPT, like GPT 5.5 and Codex. So the real competition is, Hey, we agreed to sign this amount of your capacity. right, for this version of the GPU. But guess what? Now it looks like Codex leapfrogged us and Codex has a stronger coding model than we do. So now we need to like change our requirements. We need more like of your capacity and we need them at these specific sites because the closer they are to our customer base and to our like entire network, the faster these these processors will run in terms of their CPU time and their whole execution window. So now it's like changing like, hey, we were looking for GPUs just for this specific-- just to help grow our demand. But now it's very complicated because there's certain customer bases. Like, for example, people in the West Coast or the East Coast are going to use GPUs or maybe some cities and some demographics will use the Claude suite of-- the Anthropic suite of tools more frequently than others. So as before, it was like, hey, give us energy anywhere, and it's fine. Even if it's running a little bit slower, it's cool because we're ahead of our demand. Now we're so far behind our demand that this previous deal we inked up with you a month ago, it's not going to suffice anymore. We need triple or quadruple the capacity, and we need it at these specific locations in the US or around the globe because they're near our other clusters that are training together or that are interfacing together, and eventually, we're eventually we're going to need more capacity like towards near our customers too. So just because of the different like state and regulatory laws, they're also taking that into account like the different state regulatory laws of governance, especially from different countries like the EU. We want to be like protected from that. So we're strategically placing, and from the Middle East to war too, that's a big deal too. A lot of data centers, were in that region, in Bahrain, Kuwait, UAE, like those type of regions, like even in Saudi as well. And that one drone strike can take out like a billion dollars of equipment. And the equipment isn't the important part. The important part is, hey, we had a deal to come here. Now this war started. Now we can't do this deal anymore. We need to come to the States or we need to come to Australia. And that whole-- it's just the whole deal-making process is getting very complicated. So I don't blame Dan and the team for taking their time because you'll ink up a deal. And from all the different scenarios I mentioned before, that deal will become irrelevant in a week or in two weeks because geopolitical or demand or competition. I work for a hyperscaler that's in contact with Iron. And yeah, and maybe there's a partnership coming, like allegedly, or yeah, allegedly there's, it could be a partnership coming between this hyperscaler or an expanded partnership with this hyperscaler that could be a, that could have more than two parties involved, not just, not just hypothetically like Iron and Microsoft or Iron and Anthropic or Iron and Amazon or it could be like several different, it could be different scenarios in place. I'm using my words very carefully because I know this is recorded. Yeah, so yeah, I think I'll stop right there, but pretty much I work just to quickly give you a summary. I work at a very senior level in a hyperscaler, where I have a lot of visibility towards our budget and our negotiations. And I actually am a very good engineer myself in terms of-- I'm a very-- if you guys know what the word distinguished means, I'm a very distinguished engineer within the company, so I'm a part of a lot of different negotiations. And I sit on a lot of meetings, and I come up with a lot of designs. And I have over 30 different tech certifications in terms of, I have all the professional certifications with GCP and Azure and AWS. So I know my stuff, and I'm one of the youngest people ever in the company to be at this level that I am right now. in terms of like my age versus my seniority ratio. Because I graduated university when I was like 20 years old. So I didn't waste any time there. So I started working when I was 20. So I've been working for like over eight years now. And yeah, I'll stop right there. I don't want to give too much information away about myself.

@peeks: Yeah. I appreciate that, man, and I appreciate all the good information just to protect the Space Host. This is not financial advice. You're not making any decisions off what he just said. I have no affiliation to him. I cannot vouch for what he's saying. I cannot vouch that it is true what he's saying. That's not me calling it ********. That's me saying I have 60% of my portfolio in Ethereum. I'm already down bad enough.

Silent Capital: Yeah, one more quick thing about the whole Seroid thing is when I was in high school, A lot of people take steroids in high school, like anabolic, steroids, whatever, especially if you come from like a football city. So I myself wanted to take steroids. And so I purchased a few Bitcoins, but you know, I chickened out and I realized that's probably not the smartest decision for myself. So I kept the Bitcoin, but I did not purchase the steroids. So I'm not overly jacked, I can bench 315, which is a decent accomplishment, but I'm not overly jacked like a juice head. But that led me to the research industry and understand the utility of the crypto industry. I just feel like that utility isn't there anymore. It just takes too long. The whole point of transferring crypto wallet to wallet takes too long. It's not secure. You can be SIM swapped really easily too. I know one lady who was SIM swapped where someone worked at her telecommunications company, let's say hypothetically she has AT&T, and AT&T had a breach, and someone was able to swap her number with a different number, right? So someone gave her number to someone else, and they used a two-factor identification, forgot password, they were able to get right into her Coinbase account and transfer everything out. So I just don't think the industry is secure enough, especially with AI. I think AI is going to innovate a lot faster than crypto has innovated. And there's definitely a security risk in terms of quantum as well.

@peeks: You know, I used to work at a bank and it's all true story. You know, fraud risk at a bank is just as much as fraud risk at a brokerage, if not even more because where you're relying on security errors at Coinbase and at a brokerage that can always be, let's say, you know, that can always move and That can always, what's the right word? That can always like move to the changes of threats. Human error could not because you have a lot of senior people, you have 50-year-old, 60-year-old people that don't understand the technology. So when people bring up those fraud concerns in brokerages and Coinbase, I do like to stop them just for a second and say a lot of your bank information, a lot of your money in the bank is protected by somebody 65 years old, retiring in two years and does not understand AI, doesn't understand spoof calls, it doesn't understand how to look for fake identification. You know, that is something important you said, but lucky for you, can have small balls and a big Peter. This is where big Peters come. For all the new listeners here. Weekly, if not daily, this space will happen. Weekly, if not daily, we'll get the major hitters, the big alpha, everything involved about the technology driving the crypto equity markets alike, investments in the AI data center build out. All the information Silent Capital just said, it's good information. Like I said earlier, I can't vouch for it. I am just a guy with 60% of my portfolio in Ethereum. And I ask that, and I say that to ask Silent, Silent, what do you think when all this power that I ran is providing for this AI build out, how does AI transact with the world? Is that stablecoin usage? Is that cryptocurrency? Is that fiat paper money? What do you think about that?

Silent Capital: Yeah, what I'm seeing with like, how does the AI interact with the world? I think the whole purpose of AI right now is it's a directive funded by like smart money and venture capital and market makers. And the purpose of AI isn't to like, the whole purpose of AI is that, hey, our systems and our solution can become so good that any middle of the market company, like 50 to 150 billion, let's say like a 20 to like 150 billion market gap, we can absorb their entire market share into our own organization because our product will make theirs irrelevant. That's kind of why the cloud is releasing so many different, different products, right? Like cloud security, cloud coworking, design, they're targeting all these different industries. And as there's a flight from those like holdings, for example, like if I own like ServiceNow or Salesforce, I'm going to sell out of those positions and join the person who's taking their market share. And who's taking their market share? It's Anthropic and ChatGPT. So I think from a money standpoint, AI is an I don't think this rally will end anytime soon. I think it's a winner takes all. And there could be two winners or three winners, but I think it's a winner take all. And that's why there's so much funding and there's so much demand for this space, especially on the private markets, because all these companies that their products are becoming irrelevant or inadequate compared to what you can build using Cloud or ChatGPT. They're investors when they sell, when an investor sells out of a position, usually what they look at is what other, what position, what's the reason I sold that as a position? And if my reasoning is Claude is just building a better product than this company, then I might just put my money on Claude and try to invest in there because I think they're going to be winning this race. That's really all I have, Peaks, thanks for having me on the space.

@peeks: Thank you for coming up. Appreciate all the insight. Once again, I can't vouch for anything he's saying for the SEC reporting this space. Everything he said may or may not be true. It's not financial advice 100%. Do not make decisions off random people on the internet. Bitcoin AI guy, I got you on stage here. I know you're a long-term bull. You are a major hitter. You do have the alpha. What can you touch on that Silent has said that you like, agree with, don't agree with, have a opinion about? Would love to hear it.

BitcoinAIGuy: That's, I think it's pretty cool that he could bench 315 pounds. Everything else is pretty much common knowledge. I think there is Alpha knowing another data point that no one cares about crypto, which makes me bullish, right? So when someone says no one cares about something, like that's a signal, right? It could be a bottom signal. could be a top signal uh everyone wants to talk about AI because everyone thinks their next 10x is going to come from AI and they're probably right uh I would not ignore the crowd right every every investor has a you know is thinking about an AI strategy Warren Buffett called uh crypto and Bitcoin rat poison right and uh if you saw clips of Berkshire's last annual meeting, there was a freaking AI Warren Buffett making an appearance. And Warren Buffett thinks AI is really cool. You know, so, you know, Warren thinks Bitcoin is still a ***** ** **** right? A POS, not proof of stake, but a ***** ** ****. And he's bullish on AI. Like he thinks AI is a real utility and a real technology that's going to bring value to the world. So I think AI is something you can't ignore if you're still like bag holding Ethereum and its eyes. I think it's smart to have a bigger AI exposure. But crypto is sending signals like no one cares. But I think that that could that could change very quickly. All it takes for crypto to pump is a higher prices. Like that's the only catalyst. You don't need a clarity act. You need $200,000 Bitcoin. You need $400,000 Bitcoin. You need a million dollar Bitcoin. How long is that going to take? It could take it could take 10 years, but you know, who has a time horizon that long very wealthy individuals and institutions that's why they're buying right now your fastest 10x is probably not going to be Bitcoin uh it might not be ethereum it might be it might be iron it might be you know another AI bottleneck company but that that's not like you don't you don't have to be all or nothing you could you could allocate to to Bitcoin at any price right now, it's still going to be a good idea in 10 years when it, you know, 10, 12 X's. So, you know, I think that's a buy signal when someone says crypto is dead. I've been, you know, just similar to silent. You know, I remember when I bought Bitcoin at $80, it was, you know, at 200, I was like, this is a bubble, right? But I was also not buying steroids. I was, you know, it's other extracurricular activities that I don't want to talk about at a public space that's recorded. But it was definitely not steroids. And you could imagine you could use your imagination. But I saw the utility of Bitcoin, you know, 13 years ago, right? Right. Happening in real time. So I understood like this is money, right? Not a store of value back then. This is money. And today I think it's a great store of value. And I think how we get to a million dollar Bitcoin is from the wealth that's created from AI, from innovation, from robotics, from companies investing into people that create good ideas. And capital will continue to invest in good ideas. And that wealth creation will make its way into durable assets like gold, real estate, Bitcoin, S&P, bonds, all sorts of stuff is just going to be a sponge for capital. And I think that trade is still early, right? I tweeted today, I think it's possible to get 100x within 10 years by investing in AI equities and rotating gains into Bitcoin strategically. What that means is, you know, if you can get a 10x on Iran and buy Bitcoin, even at a high price of 200,000, you get 100x, right? Right. Or so, you know, it's the math is pretty crude, you know, but I think, you know, at a reasonable, even if you're the worst trader, right? If you get some of that move, I think you're looking at a 25x upside from today, right? This is and people in the space, some, you know, I'd say 2% of people that are listening to this have already made 100x over the last three years, maybe, you know, at least a 50x, right? And I'd say maybe 10, 15% have already made a 10x over the past three years. So there's a lot of money to be made even if you're not, you know, a very early and lucky person that was actively participating in this space.

@peeks: Yeah, I agree. I think the AI trade will continue to profit. I think you're right. When people say crypto's boring and nobody's looking at it, that might be a time to put the magnifying glass and find value. Obviously, buying retardo coin and dog noble dogs is probably not good value. I do see a couple NFT listeners down there. If you're buying pokémon right now because your Supreme Leader Bark is telling you to, I think you need to get your head out of your *** and find real assets with real value. I do have a problem with dodgenal dogs because I was on one of their spaces one time at Silver 125, Bitcoin 63,000. They told me Bitcoin was going away forever and Silver was going to go to 400. I do remember that vividly. I do remember that ******** spiel. They've been humbled by Mike Alford. Now they're Mike Alford's little dog on a leash, by the way. Yeah. So I don't want to get too much in the weeds about that. I really like what you said. You know, silent touched on it a little bit. It could still be choppy weathers. He said he had open short positions on some of the smaller data center stocks if I Rand would fall 15% from here. Those would fall 40, 50% from here. Do you see ? Do you see?

BitcoinAIGuy: Hey, you're breaking up again. I don't know if you're in a weird area. Can you hear me OK?

@peeks: I can hear you okay. Y'all may not be able to hear me okay. I really hope you heard the spiel about dodging old dogs. Don't be ********. Big guy. I hope you heard the question right now.

BitcoinAIGuy: Volatility is vitality, right? This is a stock that can go up 20% in a week or go down 20% in a week. I remember days where this went down 20, 30% in a day. Right. People don't remember those days. I do. It was just like, it seemed like just like yesterday. I remember holding some of these stocks and they went down 90 plus percent. I would say, you know, less than 10% of people experienced that. Most people who experienced that moved on, right? They were like, this industry is a scam. Bitcoin is going to zero. Crypto is going to zero. These companies have no future. They won't even think about AI. uh so I I uh survived I was one of the few who survived uh that that correction and I doubled down uh it was uh it it was an extremely it seemed like a extremely irresponsible thing to do uh 2022 and uh like silent I had a high income and uh And my balls were not affected by steroids because I didn't take any. So I decided to invest in the sector that destroyed a lot of my portfolio. And I chose the good operators. And I had a thesis that smart management teams are going to outperform the market And if Bitcoin goes up, like I think it will go up just like it did last time in every other cycle, the pain could be worth it. And the volatility, you know, seeing your portfolio go up and down 30%, you know, a week is something I got used to over the past, you know, since 2020 in this market. And then Bitcoin, I mean, has been doing this for a long time. So it kind of feels weird if it doesn't. oscillate like it does, right? Like, it's weird, if I'm not up, 80% on a month, it's like, guys, is anything happening, right? If I, if people aren't crying, if people aren't saying this is a scam, you know, it's, you know, it's going to zero. Like, that's, that's what I grew up in. You know, I was, I was raised, I was born in the trenches, right? Right? I was built for this. I grew up in this. This is all I know. So when we have a flat week, I'm like, man, did we just, the time just pause? What's actually going on here? Like, I need this volatility. This is what gets me excited. You don't need to play options, you just need to hold enough to feel it. And if you, if you hold any significant amount of your assets in, in these volatile names, you know exactly the feelings I'm talking about. And that feeling is vitality. That is ***** leaving your body. That is weakness leaving your body, right? Like you become a permeable when you've successfully been, been challenged in the harshest environments, right? When you see your positions go down 90% and then go up, you know, 5,000%, that changes, that changes you, right? And I think it's still very early in the hit, like, the best part is yet to come. So I'm a fundamentals investor, right? Just how I picked these great companies at the bottom and the companies are just getting stronger. And why would you sell a winner as it's becoming stronger? It's, you know, it was benching 315 in the bear market. Now we're benching 550. The market doesn't know it yet. The market's sleeping on iron benching five, five, five, zero, 550 pounds. And it's only giving credit for about like 60 of them. So I see that as an opportunity to buy a heavyweight, a heavyweight player in AI. And, uh, you know, it, it's, it's still, it's It's like as good as free buddy, right? I just have to hold the pain, right? I mean, if anyone spent any time in a weight room, you get calluses as you put in the reps and you get stronger with every rep. No pain, no gain, right? So it takes time to build strength. It takes time to build endurance. It takes time to build a great company, right? right? And 550 is already here. You just have to hold and manifest it. The market doesn't see it. The market isn't up at, you know, 5 a.m. going into the gym, lifting weights with a trainer, right? They don't see the grind. They don't see the endurance. They don't see the resilience. They don't see the calluses. They just see when, you know, they just see the glory when everyone recognizes it. And that time is coming. It just requires the emotional and testicular fortitude to endure the pain. And very few big Peters can do that.

@peeks: Yeah and uh just to repeat that last part there very important testicular fortitude uh I don't know if you all can quite wrap your head around that the same people that don't understand what distinguished mean like silence said probably don't understand what testicular fortitude means that is when big Peters unite big Peters make it right big Peters through the night listen y'all for all the new listeners here drop a follow uh like the room comment uh I just want to let you all know, this is where you'll come weekly, if not daily, for the alpha, for the major hitters. AI data center build out. I like investments and understand the technology driving the crypto equity market. I appreciate everybody for coming. It's been a great space. You know, we do these spaces weekly, if not daily, like I just said, usually around an hour to an hour and a half. The alpha is going to come and the alpha is going to go. Like Bitcoin AI guy said, the best part is always coming. So right back to that testicular fortitude like he just said, you know, I actually do see some big alpha down in the bottom of the room. If he would like to come speak, I just invited him. I would love to hear what he said. I'd keep the room open. I am going to be driving in and out of bad service. Can you hear me? Yeah, I am going to be driving in and out of bad service, but I would love to hear what he said. I think he's very smart. I think it's worth listening to. If he's not going to come up here soon, we are probably going to bounce here. I appreciate everybody coming. Have a happy weekend. It's a Saturday right now, Sunday. Be a family man, go outside, get a hike in, plant some flowers. Things matters. It's your. your family it's religion and beliefs being and it's how big your Peter is remember that y'all Bitcoin AI guy says this often and it sticks with me he went through 90% drawdowns to understand the 40% drawdowns don't mean a damn thing that's what you call a big Peter that's what you call a major Alpha that's what you call a big hitter listen y'all I appreciate everybody for coming here we'll be here weekly if not daily major hitters major Alpha to understand the technology driving the crypto equity markets like investment in the AI data center build out. All in all, take this. If you take anything from this space, don't do ******* steroids. Appreciate y'all. Love y'all. We'll be here every single day. And if I'm not here every single day, guess what I'm doing? My job goes hand in hand with building these AI data center build outs. So what is going to happen here in the next three weeks? I may be the inside guy. I may be that inside guy. I appreciate everybody for coming. Everybody be safe. Everybody have a great weekend. I appreciate the last, appreciate the commie, and one thing I do appreciate more than everything else is the major alpha and the big hitters. Y'all take care now. Trust.