Arden
Vyemm Raider
- 3,123
- 2,443
Crypto has never really left speculative asset territory.
There's a huge pivot to AI right now, and that's acting like a huge vacuum, sucking up all the speculative money- a lot of which was previously going to crypto.
Add to that the inflation/interest rate issues, which have dried up a lot of liquidity and you've basically got a perfect storm for a crypto downturn.
TBH BTC is showing amazing resilience, considering. But it's no surprise that the non-BTC stuff is getting killed.
What's interesting to me is that nothing about the AI pivot actually invalidates the premise behind crypto. If anything, it opens up additional use cases. There's potential for a really symbiotic relationship there.
So I fully expect crypto to come roaring back in a big way.
There's a huge pivot to AI right now, and that's acting like a huge vacuum, sucking up all the speculative money- a lot of which was previously going to crypto.
Add to that the inflation/interest rate issues, which have dried up a lot of liquidity and you've basically got a perfect storm for a crypto downturn.
TBH BTC is showing amazing resilience, considering. But it's no surprise that the non-BTC stuff is getting killed.
What's interesting to me is that nothing about the AI pivot actually invalidates the premise behind crypto. If anything, it opens up additional use cases. There's potential for a really symbiotic relationship there.
So I fully expect crypto to come roaring back in a big way.
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