The Milk Road Show Crypto May Be Setting Up For A Massive Bull Market w/ John Gillen
May 11, 2026
John Gillen, macro and crypto analyst who tracks macro trends and portfolio allocation. He connects energy and compute scarcity to AI and market flows. He maps capital flows from large caps into alts and explains early altcoin green shoots. He stresses waiting for a clear Bitcoin confirmation before boosting alt allocations and warns against emotion-driven trading.
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Scarcity Of Energy And Compute Is Shaping Markets
- Macro scarcity of energy and computing power is driving capital into memory, semiconductor, and AI-linked stocks right now.
- John Gillen ties rising Korean memory stocks and PMI strength to broader business-cycle acceleration that typically lifts Bitcoin and Ethereum later.
Capital Cascades From Megacaps To Altcoins
- Capital often flows from large-cap leaders into smaller, higher-beta assets as a cycle matures, creating altcoin rallies after Bitcoin leads.
- John Gillen maps this to Russell 2000 moves following megacap and semiconductor rallies, then spilling into ETH and alts.
News Is Starting To Move Crypto Prices Again
- Positive news now moves markets again, unlike recent months when bullish announcements failed to lift prices.
- John cites Venice, Ondo, SWE, and Chainlink adoption as signals that headlines are regaining market impact.