According to Jurrien Timmer of Fidelity, the bull market could slow if capital rotates away from artificial intelligence companies. Massive funding for companies such as OpenAI and Anthropic cannot continue indefinitely, although the launch of Anthropic’s IPO roadshow could allow some existing investors to realize their gains. The trend may continue, but equities would need to rely more on their own momentum, while the equal-weighted S&P 500 suggests a relatively healthier market environment. Bitcoin could benefit from a transition of funds away from artificial intelligence, but volatility, cybersecurity risks and concerns about its resistance to quantum attacks remain obstacles. A sustained crypto recovery would require higher highs, regular inflows into institutional products and confirmation from major large-cap altcoins.
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