Prediction evidence

Matt Hougan says a handful of mega-caps are sucking capital from the rest of the market, and if they roll over, $BTC ends up doing exceptionally well "I think some of that underperformance is those 5 or 10 names sucking capital out of the other names, more so than poor economic performance or poor economic earnings. I would guess if you looked at the overall earnings of the S&P 500, they may tell a different story than performance." "We felt that so acutely in crypto, where AI was sucking capital out of crypto for a while, and that definitely contributed to the last bear market cycle. So I think there's an element of that in it as well." "You have to be a little bit worried about it. You have to play the game in your head of what happens if that crash happens. As crypto investors, we should ask, what happens if that crash happens? I think in the end it ends up with Bitcoin doing exceptionally well, but there might be a little hiccup in the middle. But I see no signs that we're rolling over."