Irrespective of whether you were talking to retail investors, institutional reps, or normies who barely followed markets over the last few years, crypto usually found its way into the conversation in some capacity.
But while AI continues to attract enormous amounts of capital, is having its worst start to a year since at least 2015, down roughly a third year-to-date, while semiconductor stocks tied to the AI boom have climbed sharply. Reuters recently honed in on this ‘AI capital re-allocation’ hypothesis, and the idea of large funds adjusting portfolios in the lead up to blockbuster offerings like the IPO.
Bitcoin’s USPs remain very much intact. Governments are still carrying enormous debt loads. People still worry about inflation and the long-term health of traditional monetary systems. it’s simply up against a multiple trillion-dollar narrative and being upstaged in the…
