AI stocks and crypto just got rocked — and the bounce since then hasn’t exactly inspired confidence. In this episode of the MoneyShow MoneyMasters Podcast, we sit down with Michael Lee of Michael Lee Strategy and Merlin Rothfeld of the Trading Academy to unpack what’s really behind the recent turbulence. We break down the liquidity squeeze hitting markets, the surge in AI capex, and why SaaS and software names are suddenly under pressure. We also dig into Bitcoin’s pullback, the crypto shakeout, and what past cycles suggest about what could come next. Then we zoom out to the bigger picture: tokenization, digital financial rails, and whether blockbuster IPOs like OpenAI and SpaceX could reshape market sentiment. It’s a fast-moving, no-nonsense conversation about risk, hype, and where the real opportunities might be hiding. CHAPTERS: 00:00 — AI Stocks and Crypto Pull Back: What’s Fueling the Move 01:40 — Liquidity Crunch and the Government Shutdown Effect 02:44 — “Softwaremageddon,” SaaS Risk, and Multiple Compression 04:55 — Crypto Shakeout: Why Most Tokens Won’t Survive 07:42 — Bitcoin’s 4-Year Cycle and What It Could Mean Next 09:26 — AI Capex + Debt: Why Big Tech Keeps Borrowing 12:18 — Token Demand, Infrastructure, and Why Volatility Stays 14:11 — Nvidia Concentration + OpenAI Leverage Risk 18:48 — OpenAI/SpaceX IPOs: Hype, Timing, and How Traders Play It 23:10 — Tokenization and the Shift to Digital Financial Rails Don't forget to LIKE, COMMENT, and SUBSCRIBE for more expert insights! 📅 Join us April 9–11, 2026 at the MoneyShow Masters Symposium in Hollywood, Florida to see Merlin and Michael live! Register here: https://hollywoodfloridamms.moneyshow.com/?scode=061246 For more episodes of the MoneyShow MoneyMasters Podcast, visit our podcast page: https://www.youtube.com/@MoneyShow/podcasts Podcast: https://open.spotify.com/show/1lNJp1Wo2DI8hkZe7I4gY2 Facebook: https://www.facebook.com/OfficialMoneyShow/ Instagram: https://www.instagram.com/moneyshow/# TikTok: https://www.tiktok.com/@officialmoneyshow?lang=en X (Twitter): https://x.com/moneyshow LinkedIn: https://www.linkedin.com/company/moneyshow/