Jeff Park, a former Bitwise portfolio manager and current advisor to the crypto asset manager, believes the AI boom could become a catalyst for Bitcoin. According to him, the financial structures supporting the AI bubble present an asset-liability mismatch that could become untenable. The extraordinary earnings expectations from AI-related companies are currently attracting capital away from Bitcoin, explaining crypto’s underperformance. Park nonetheless views Bitcoin as an infinite duration asset that could benefit from a future capital rotation when AI financial positions become unsustainable.
Source: Read the original article
