Is the AI Boom Keeping Bitcoin from Its Next Bull Run?

Hyblock Capital co-founder and CEO Shubh Varma joins CoinDesk’s Ray Salmond on Markets Outlook in the aftermath of the largest hack in crypto history. Varma says the order books barely moved because Binance could cover the $6.3 billion loss and refunded users in coin, not dollars. Plus, what the Democrats’ midterm wave means for crypto regulation, why he thinks Bitcoin’s next run will come from capital rotating out of the AI trade, and his contrarian call that 2027 will be bullish despite a Fed that’s raising rates. - This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com [grayscale.com]. - Learn more about CoinDesk Data & Indices at coindesk.com/institutions. - Timecodes: 00:00 - Shubh Varma Joins Markets Outlook 01:51 - Why Bitcoin Shrugged Off the Biggest Hack in History 04:12 - The Spot vs. Perps Signal to Watch 06:55 - Is Alt Season Dead for Good? 09:29 - Do Retail Investors Even Need to Trade Crypto Anymore? 12:38 - What the Midterm Blue Wave Means for Crypto 14:29 - Is AI Stealing Bitcoin’s Bull Run? 17:38 - The Contrarian Bull Case for 2027 - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj