Fast money chases momentum and amplifies moves but is not loyal — it shifts from Bitcoin to gold to semiconductors as each catalyst fades, and the current AI correction is a healthy sign that critical questions are being asked.
Yurion traces the fast money rotation from Bitcoin (ETF catalyst) to gold (central bank buying) to semiconductors (earnings boom). He notes the current AI correction is healthy because people are asking critical questions — the hallmark of a boom, not a bubble. ✦ AI generated
Yurion Timmer · The Compound · 2026-07-20 · original ↗
starts at this moment · 22:30
“What happens if those stocks cool further? Like do you even try to think about where the fast money could go next?”
the fast money is not loyal to anything or you know they fast money just wants price to go up. uh and when and when liquidity is ample. ... And so right now you know AI is in a correction. the semis are in a correction ... And again, that doesn't mean that it's a bubble or that it's a it's it's the end of a boom. It just tells you that it's a little crowded and as long as the fundamentals are good, you know, a crowded trade doesn't have to mark the end of of a boom.
verbatim transcript · starts at 22:30
22:23this going on? How do you think about these momentum plays and how to how do you try to have fundamental views on this stuff when a lot of it is driven by just flows as opposed to the the numbers? >> Yeah. No, it's it's a great question and I think one thing to remember is that the fast money is not loyal to anything or you know they fast money just wants
22:45price to go up. uh and when and when liquidity is ample. For instance, during the meme stock days of 2021, right, there was basically free money and stuff was moving and they'll jump on any train that that's moving. And so a few years ago when when when Bitcoin was mooning um and the ETF story was a big one for Bitcoin, there was a lot of fast money
23:09just playing along. And of course, the Bitcoin maxis will say, "Well, this is adoption, this and that." and and it was and it is, but part of it is just people people want stuff to move and they'll they'll jump on that train. And then Bitcoin peaked uh it had a four-year cycle peak at 126,000 just at the time that gold had really been on the move, right? So 2025,
23:32gold was the star player was up over 30% even though it's completely uncorrelated to both stocks and bonds. So that I mean that's what you want in a portfolio, right? You want uncorrelated assets with high sharp ratios. And so Bitcoin I mean Bitcoin gold was going up because central banks were buying. But then the the trend became visible and the fast money was not making any money on
23:56Bitcoin. So they moved over to gold and that was the time when you know silver was mooning to $150 and and so you had all those flows. Then we had the Iran conflict and gold had overshot its upside. Maybe if we can pull that chart back up, you can see that the global money supply which is the red line or this is the fitted version of it uh to
24:20explain gold's price. You know, gold went way above that because of the fast money and the yellow the yellow bars is is inflows into the gold ETFs. And so gold went too far up and then the Iran uh conflict happened and all of a sudden gold and treasuries were for sale because now all of a sudden there are reserve assets that are potentially a source of funding for Gulf states who