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Open original source ↗Capital outflows from less stable countries around the world will light another fire under bitcoin and other digital assets. AI has launched a technology revolution, deservedly sucking a lot of oxygen out of the investment world, but it cannot serve as the insurance policy protecting wealth that many people in the world are seeking right now.
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People are forgetting the basics of crypto. We're in an institutionally led market now, and crypto is still perceived as the risk-on bet. But the problem is now that there are assets that are riskier but carry higher perceived upside. That makes BTC, ETH, and SOL far less attractive on a relative basis. Crypto is stuck in the middle. Not as stable as gold or growth equities, not as exciting as the IPO craze we're about to witness or the DRAM fund. What you're seeing is a massive rotation of capital. Here is @plaffont from @coatuemgmt
LorenzoARK ↗