What’s Behind the Selloff in Crypto, SaaS, and AI Stocks | Michael Lee & Merlin Rothfeld

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