Bitcoin not popping is a testament to human delusion. It cant function as a stable store of value becuase theres nothing preventing if from hyperdeflating, and yet people are still buying it. What are they even buying? The deflation based gains? Deflation based on nothing but speculation? It doesnt do anything. Its madness

I dont think the GenAI bubble will be as resilient because its not being funded through discretionary expenditure. Its being funded with capital expenditure. If your cousin spent his savings on bitcoin and isnt getting any benefit from it (or even loses it in a drop) thats fine because millenials dont have savings anyway. But if a company spends on AI and doesnt get a positive value prop in a while, they will pivot and pull their money out, because shareholders will get mad

Whether it failed is (unfortunately) beside the point. Number still go up.