My working hypothesis is that people are dumping Bitcoin for AI adjacent stocks because the hype around agents is growing.
There’s no way to prove this, but I’m seeing unexpected behaviors on the secondary markets for privately held AI companies.
There’s no way to prove this, but I’m seeing unexpected behaviors on the secondary markets for privately held AI companies.
Cryptocurrency lived entirely in the hopes that people wanted to replace regular money, and it turns out not to be a big use case outside of criminals and refugees.
The AI bubble will one day collapse too. But the Bitcoin bubble could just plain vanish.
Whether Bitcoin is good at this is debatable. Whether it's a real use case isn't.