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Bitwise CIO Matt Hougan believes Bitcoin will benefit regardless of an AI boom or bust.
Bitwise Chief Investment Officer Matt Hougan predicted in a client report that if the AI bubble bursts, it could trigger government bailouts, which would drive Bitcoin's price up. If AI continues to prosper, the value of scarce assets like Bitcoin will also rise. Even if the economy develops steadily, Bitcoin will still benefit from existing demand sources such as ETF inflows.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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SK Hynix plunged over 8% on Thursday, impacted by concerns over Federal Reserve interest rate hikes and AI investment funding.
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India's Jio Platforms has lowered its valuation to approximately $108 billion ahead of its IPO next week, planning to raise $3.2 billion.
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Gudea raises $7 million in seed funding, bringing total funding to $15 million, to leverage AI for social media crisis prevention.
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Binance founder CZ retweeted, stating it's amazing that Solana can advertise and set up offices in China, while BNB Chain currently cannot.
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US says it destroyed a vessel suspected of Iranian command and control in the Gulf of Oman, accusing it of spying on the US Navy.
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Prominent analyst Jason Schenker predicts: The Federal Reserve will hold steady in October, and may raise interest rates by 50 basis points in December.
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The Nikkei 225 index fell 3.13% today, now at 65,626.07.
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South Korea's KOSPI index fell 5.11% today, now at 5,701.75.
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South Korea's KOSPI index fell 6.03% today, now at 5,646.66.
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Australian Unemployment Rate Rose to 4.7% in September on Job Losses, Exceeding Expectations
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