Bitcoin to Dodge AI Crash, Analyst Says
BTC when published $81,471Now $80,568 ▼ −1.11% since it was published
CryptoQuant CEO Ki Young Ju has said that a potential bust in the artificial intelligence (AI) bubble could actually be largely harmless for Bitcoin (BTC). According to the prominent crypto analyst, the leading cryptocurrency has largely failed to participate in the massive run-up in AI stock prices. As a result, a steep correction in the AI space could be relatively harmless for Bitcoin. "I don't think an AI bubble burst would hurt BTC much," Ju said in a recent post on X. He speculated that investors looking to profit from the AI boom may have already dumped their Bitcoin holdings to finance their AI stock investments. Now, as worries about the extent of AI overvaluations grow, the reverse rotation could be in play.
First reported by U.Today. This page is a short excerpt; the full text is theirs.
