You Don’t Have to Pick the AI Winners to Own Bitcoin
Markets in chaos. Tech stocks got crushed, the NASDAQ 100 just had its worst day since March 2020, and chip stocks fell 12%. Bitcoin fell about 5% over 24 hours and was trading around $76,000 by the US close.Cory Klippsten explains what's behind the selling. Investors are questioning whether future returns can justify all of the money pouring into AI, and more than a billion dollars of crypto derivatives positions were liquidated over 24 hours. AI can deliver on its promises and still cause huge losses for investors in the build-out.
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