Ki Young Ju, CEO of CryptoQuant, says a collapse in the artificial intelligence bubble would have little impact on Bitcoin. He argues that the leading cryptocurrency largely missed the sharp rise in AI-related stocks, which could limit the damage from a sector correction. He notes that investors may have sold Bitcoin to fund their AI investments and that a rotation back into Bitcoin could now be possible. Nevertheless, he says an AI crash is neither necessarily bullish nor bearish for BTC, as the two markets appear relatively unrelated. Concerns include hundreds of billions of dollars spent by technology companies on data centers, advanced chips and AI models, while their returns remain insufficiently demonstrated.
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