The Dow just hit a record high above 52,000. Elon Musk became the first trillionaire in history. And Bitcoin is sitting 50% off its high with some of the worst sentiment on record. So are we in the mother of all bubbles?

Former BlackRock VP John Gillen, host of @MilkRoadMacro , joins Bitcoin News to break down one of the strangest macro setups in years. Record highs in the indices, a brutal grind in Bitcoin, an AI IPO frenzy led by SpaceX at a 1.77 trillion dollar valuation on a company that lost roughly 5 billion dollars last year, and Kevin Warsh stepping in for his first FOMC meeting as Fed Chair with inflation ticking back up.

John recently sat down with macro analyst Henrik Zeberg, who argues this is a final blow-off top before a deflationary crash that could rival 2008. We pressure test that thesis from every angle and ask where John actually stands.

In this episode:

🔶 Are we in the biggest bubble in history, and how close are we to the end of it

🔶 Is the AI trade real, and does the SpaceX IPO mark the top

🔶 Is Bitcoin a safe haven, or the canary in the coal mine

🔶 Why is Bitcoin sentiment so poor while the indices print records

🔶 The case for hard assets as sovereign debt goes parabolic

🔶 How an ex-BlackRock insider is positioned right now