The AI trade is expected to spread rapidly into crypto markets, starting with Bitcoin and then affecting altcoins, as these assets are interconnected through the stablecoin ecosystem; if the AI trade doesn't support both Bitcoin (the scarce asset) and altcoins (which stablecoins travel on), the entire crypto market could face significant challenges.
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AI Takes Over Crypto #shortsAdded:
This AI trade, one day, is going to spread into crypto rapidly. You'll see that in Bitcoin first, and then the altcoins are going to follow. They're going to try to tell you that the internet I'm sorry, that altcoins are dead. I disagree. Creating a setup in crypto where, you know, if they puke this thing to some of the levels that we talked about, you know, there's one level that's close, and then of course, there's another level in the '60s in case everyone freaks out.
If the AI trade doesn't support the only scarce asset in the world like Bitcoin, and doesn't support the altcoins that the hundreds of billions of dollars in stable coins will travel on, I will eat massive amounts of humble pie.
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